Deals
African PE has remained robust with the total value of fundraising increasing to USD2.7 billion in 2018 from USD2.4 billion in 2017, indicating investors’ ongoing confidence in the sector, according to a report by the African Private Equity and Venture Capital Association (AVCA).
The total value of African PE fundraising between 2013 and 2018 was USD17.8 billion and the median size of final closed funds over the same period was USD123 million.
The data shows that 1022 reported deals worth a total of USD25.7 billion took place from 2013 to 2018. While the value of PE deals dropped marginally
Laurel Solutions, an affiliate of private equity firm FFL Partners (FFL), has completed the acquisition of Servelec Technologies, a market-leading provider of remote monitoring systems, secure SCADA systems, and business optimisation software providing complete end-to-end automation and optimisation solutions to clients around the world.
Terms of the private transaction were not disclosed.
Servelec Technologies is headquartered in Sheffield, UK with offices in Melbourne, Australia, Waterloo, Belgium, Calgary, Canada and Abu Dhabi, United Arab Emirates. For more than 40 years, the Company’s hardware and software products, systems, and consultancy services have been trusted by the world’s leading companies across sectors
A group of investors including the Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, the Russia-China Investment Fund and a leading Middle Eastern sovereign fund (Group), have completed a deal to acquire a 9.53 per cent stake in Intergeo, a metals and mining company and part of ONEXIM Group.
The investment is included in the list of the Intergovernmental Russian-Chinese Commission on Investment Cooperation initiated by RDIF and the Chinese Investment Corporation in 2014 to promote cross-border investment projects. The Investors will nominate Alexander Khloponin and Lev Kuznetsov as their representative on the Board of Directors of the Company.
European law firm Fieldfisher advised on close to GBP1.5 billion-worth of equity capital markets (ECM) deals across the London and Paris capital markets in 2018.
The majority of Fieldfisher’s ECM transactions were completed on AIM, the junior tier of the London Stock Exchange, for which the firm is consistently ranked as one of the top advisers to listed companies. Fieldfisher advised on deals with a combined value GBP1.23 billion on AIM last year, equal to around 21 per cent of all funds raised on London’s junior market in 2018.
Deal activity was led by natural resources transactions, with an
BGF has invested GBP11.6m in Invenio, a UK-headquartered and global provider of business focussed technology solutions and consulting services, to support the business’s continued growth.
Founded in 2006 and headquartered in Reading, Invenio provides consulting services and technology solutions for organisations in the media, manufacturing & logistics, and public sector verticals.
Invenio delivers successful transformational projects and business critical technology solutions with exceptional customer focus, deep industry expertise and a transparent approach.
Invenio has over 750 employees working for customers worldwide with delivery centres across seven countries – UK, India, Mauritius, Saudi Arabia, Fiji, USA and UAE –
RSK Group has acquired Headland Archaeology, a UK-based, privately owned provider of heritage services to the development and construction sectors.
The acquisition is the latest under RSK’s funding package from Ares Capital Europe (Ares) and a revolving credit facility provided by NatWest, secured inDecember 2018.
Headland Archaeology’s170-strong team has an in-depth understanding of commercial archaeology with practical experience participating in major construction projects. From high-speed rail projects and wind farm construction through to housing developments and offshore cable laying, the company delivers against critical path and heritage responsibilities. Founded in 1996, Headland Archaeology is proud of the business it has
Eurazeo Capital has entered into exclusive discussions with funds managed by Montagu Private Equity to acquire DORC (Dutch Ophthalmic Research Center).
Eurazeo Capital will invest close to EUR300 million in this transaction. DORC will be the fifth investment of Eurazeo Capital IV. This investment perfectly fits the strategy presented during the 2018 Annual Results presentation.
Established in 1983 and headquartered in the Netherlands, the company operates in the medical technology sector and is one of the global leading specialists of vitreoretinal surgery. DORC designs, manufactures and distributes ophthalmic surgery equipment, consumables and instruments.
The company serves over
Private investor Rcapital completed a franchisee-led buyout of Cash Generator on 1 March 2019.
Cash Generator is a well-established retail business, focussed on being the first place to which customers come to sell and buy second-hand items.
The franchisee buyout follows a successful and complex restructure of what was a distressed business when it was owned by its former US parent, CNG Inc. The business was acquired by Rcapital in September 2017 after its owners had designated its wider UK operations as non-core.
Rcapital and the Cash Generator management team immediately returned the business to a Franchise-only model by
Therapixel, the AI company winner of the DREAM Digital Mammography challenge, has secured EUR5 million in Series A financing, with Omnes and M Capital Partners joining its existing pool of investors.
Sacha Loiseau, Chairman and Founder of Mauna Kea Technologies, has been appointed as independent Board Member and subsequently elected Chairman of the Board. Maximilien Fournier-Sourdille, an associate at Omnes and an experienced MedTech executive and investor, also joins the Board of Director, along with Yoann Bonnamour from M Capital Partners.
Olivier Clatz, co-founder of Therapixel, has recently been named by the French Innovation Council as ‘AI for diagnosis’
London-based VC fund Fuel Ventures has expanded its portfolio of early-stage companies, investing GBP2 million in CreditDigital which provides instant finance of up to GBP250,000 to businesses online or at point of sale.
CreditDigital is an instalment payment option where businesses can spread the cost of their purchase over 12 months, whilst their vendors and suppliers get paid upfront and in full.
The platform can approve purchases of up to GBP15,000 instantly and up to GBP250,000 within one working day with competitive rates and flexible payment options.
Founded in 2017 by Daniel Lipinski, CreditDigital promises better rates than
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