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Funds

GlassesUSA.com raises USD12.5m growth round led by Viola Private Equity

GlassesUSA, the online retailer specialising in prescription eyewear, announced the closing of USD12.5 million in new financing led by Viola Private Equity, a member of the Viola Group.  The funding will further GlassesUSA's aggressive business growth and accelerate their expansion as a leading player in the growing global market of

Intesa Sanpaolo and GSO Capital Partners launch joint Italian direct lending initiative

Intesa Sanpaolo and GSO Capital Partners, the credit investment arm of Blackstone, are partnering  to provide an alternative source of funding to Italian middle market businesses.  The partnership will significantly expand the availability of private debt capital in Italy, enabled by favourable recent changes in the Italian legal and regulatory

North Carolina map

Novan secures USD50m private financing

Novan Therapeutics has secured USD50 million in an oversubscribed private financing led by new investor Malin Corporation with strong participation from Novan’s existing private investors throughout the Research Triangle area of North Carolina.  The round closed 27 March, 2015 at USD50 million, including an August 2014 initial filing of USD10.3

Document signing

Claranet refinancing strengthens financier line-up for future growth

Claranet, the European managed services provider, has signed a refinancing agreement, securing a long-term facility for the company.  Goldman Sachs’ Private Capital Team has joined Claranet’s existing and well-established finance providers RBS, ABRY Partners and Ares Management’s European Direct Lending Team for the first time in a move that reflects

LDC-backed Node4 acquires Reconnix

Node4, a regional data centre, managed IT and communications specialist, has completed the acquisition of Reconnix, a leading open source technology services company, for an undisclosed sum. The deal, which was transacted with support from leading private equity provider LDC, represents the second acquisition to be completed by Node4 since

Announcement

Global Infrastructure Partners II invests in Competitive Power Ventures

Global Infrastructure Partners (GIP) has agreed to acquire the principal holdings of Competitive Power Ventures (CPV).  The transaction includes equity interests in a portfolio of power generation projects, as well as CPV's development and asset management platforms. CPV's management team will continue to lead the business and develop value-added investment

Aberdeen to buy remaining shares in Aberdeen-SVG JV

Aberdeen Asset Management is to purchase SVG Capital plc’s stake in their joint venture vehicle, Aberdeen SVG Private Equity Managers Limited (Aberdeen SVG Private Equity) for GBP29 million. In May 2013, Aberdeen acquired a 50.1% stake in Aberdeen SVG Private Equity from SVG Capital plc with the option of acquiring

JacTravel acquires TotalStay Group

The Consumer sector team at Livingstone has advised JacTravel, a leading B2B hotel accommodation wholesaler and provider of inbound travel services, on the acquisition of TotalStay Group.  The transaction was supported by Vitruvian Partners, JacTravel’s existing institutional shareholder. The enlarged group will benefit from greater scale in the accommodation market,

Accenture completes acquisition of Agilex

Accenture Federal Services (AFS) has completed its acquisition of Agilex Technologies, Inc (Agilex), a provider of digital solutions for the US federal government. The acquisition, first announced on 9 February, 2015, advances AFS’s ability to help clients harness the power of emerging digital technologies and enable rapid, predictable systems deployment

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