A surge in deal activity over the next few months is being predicted by private equity house WestBridge, as business owners seek to realise and de-risk their assets ahead of widely anticipated changes to the Capital Gains Tax (CGT) regime in the next budget.
Deals & Transactions
Telestream, a portfolio company of Genstar Capital, has acquired EcoDigital (formerly known as Front Porch Digital). Telestream is a vertical market software business focused on the video space and is a global leader in media workflow orchestration, media streaming and delivery technologies. The deal to acquire EcoDigital has been completed.
AnaCap enters Indian market in joint venture with Cerestra through first education infrastructure asset purchase
AnaCap Financial Partners (AnaCap), a specialist mid-market private equity investor, has made its first investment in India, the acquisition of three K-12 school and student housing assets from the Jain Group of Institutions (JGI Group), an established and well-renowned operator of K-12 to Higher Education institutions, providing education to ~65,000 students.
Ropes & Gray has advised Averna Capital, a mid-market European private equity firm, on its investment in ClimateCare, a profit with purpose environmental and social impact company headquartered in Oxford, UK.
Mid-market private equity firm LDC has exited its investment in workforce management software specialist Mitrefinch to Advanced.
Innova Capital, a Central European private equity firm, has sold its entire stake in logistics operator PEKAES to sector player GEODIS of France. The transaction is subject to regulatory approvals.
SALTO Systems (SALTO), a manufacturer of electronic access control solutions, has acquired Gantner Electronic Austria Holding (Gantner).
Private equity firm Dubin Clark's portfolio company, EMPI, has acquired RacingLine Group (RacingLine).
O’Melveny has represented Menlo Microsystems, a company responsible for re-inventing the electronic switch, in its USD44 million Series B funding round.
Real estate investor Altera Vastgoed (Altea) and Van Wijnen Projectontwikkeling West have reached agreement on the acquisition of 28 apartments and two maisonettes in the De Rede project in Uithoorn.