Deals
Gide has advised BioMérieux, a specialist in the field of in-vitro diagnostics, on its acquisition of a majority stake in Suzhou Hybiome Biomedical Engineering Co, Ltd.
As part of the deal, the French listed company (Euronext Paris: BIM) acquired 54 per cent of the shares in Hybiome for a valuation of EUR165 million, as well as additional assets such as distribution rights and existing installed base for EUR25 million. It had already purchased a minority stake in the Suzhou-based company earlier this year in July, a transaction on which Gide also advised.
Founded in 2009, Hybiome specialises in automated
Mobile home holiday operator, European Campaign Group, has started exclusive negotiations to acquire Palmiers Ocean, a French tour operator specialising in mobile home holidays, based in La-Roche-Sur-Yon (Vendee).
With over 20 years’ experience, Palmiers Ocean offers over 20,000 trips across 56 destinations, including 48 in France, six in Spain and two in Italy. The company has recorded total sales of EUR12.5 million in 2018, this has been mainly driven by the adoption of a 1,800 strong fleet of new mobile homes placed within idyllic locations.
The European Campaign Group, which experienced growth through multiple acquisitions by The Carlyle Group
Cairngorm Capital Partners has acquired timber merchant Arnold Laver & Co Limited, which, with Cairngorm Capital’s other timber brands; Thornbridge, North Yorkshire Timber and Rembrand will create the largest independent timber business in the UK.
Revenues are close to GBP250 million for the combined business, which will now be known collectively as The National Timber Group.
Headquartered in Sheffield, Arnold Laver is a family run company established in 1920. It imports, distributes and manufactures a wide range of timber, panels, decorative surfaces and joinery products, serving public and private sector construction, house-building and commercial companies. Its customers include blue
BlaBlaCar, a long-distance carpooling platform, has made an offer to acquire Ouibus, a subsidiary of SNCF and French bus operator. This will allow BlaBlaCar to broaden, for the first time, its mobility offer beyond carpooling.
BlaBlaCar has also announced a EUR101 million investment involving SNCF and existing BlaBlaCar investors.
BlaBlaCar has built a long-distance carpooling community of over 65 million members in 22 countries. Since August 2017, it has helped to transport 50 million passengers worldwide, growing 40 per cent year-on-year. The platform now wishes to complement its vast carpooling offer with buses, and become the go-to global marketplace
OpenGate Capital, a global private equity firm, has completed the acquisition of AICO, an Italian manufacturer of residential stoves, fireplaces, boilers and cookers from Ambienta SGR, a European private equity group. Terms of the transaction have not been disclosed.
OpenGate Capital Founder and CEO, Andrew Nikou, says: “An integral part of our full potential operational strategy is to drive value into the businesses we acquire through add-on acquisitions that have the potential of offering new products or can provide access to new markets. AICO represents these elements and we are excited with the opportunity to expand on Jøtul’s rising growth
Motive Partners, a global private equity firm focussed on growth investing, has acquired a controlling interest in LPA.
Headquartered in Frankfurt, Germany, and founded in 1999, LPA is a financial technology solutions provider with a focus on capital markets and wealth management participants. LPA offers a broad suite of software to optimise processes and enable regulatory compliance, as well as providing strategic advice and implementation services. The announced transaction follows strong financial results at LPA, with the company having experienced significant revenue and profitability growth in recent years.
LPA’s core products are a suite of technology solutions enabling automated
Graycliff Partners has completed the sale of Impakt Holdings to Celestica, a leader in design, manufacturing and supply chain solutions for the world’s most innovative companies, for a total purchase price of approximately USD329 million.
With operations in California and South Korea, Impakt provides design, engineering and agile manufacturing solutions for the display, solar and other capital equipment industries, as well as specialised services that require large format, high-mix complex manufacturing and integration solutions.
Since acquiring Impakt in 2016, Graycliff has teamed with management to identify and execute numerous transformational initiatives to position the company for growth, including building
Da Vinci Capital, an emerging markets private equity firm, has invested in DataArt, a global technology consultancy that designs and develops unique software solutions, to support the company’s growth momentum in key industries.
DataArt will continue to focus on its three key markets: the US, the UK and continental Europe, where Da Vinci Capital has substantial assets and a proven track record, including steering software engineering powerhouse Epam to an initial public offering on the New York Stock Exchange in 2012.
Headquartered in New York City, DataArt employs over 2,500 professionals in 20 locations throughout the US, Europe, and Latin America,
C5 Capital Limited (C5), a venture capital firm focused on investing in cyber security, cloud computing, and artificial intelligence, has led an USD18 million investment round in US and European identity-focussed cyber intelligence company 4iQ.
Around 80 per cent of cybercrime begins with stolen credentials and 4iQ has indexed billions of exposed identities by scanning documents in 26 different languages across search engines and social media. It also investigates deep web sites such as paste bins, hacker forums, irc channels and dark websites. With this information, 4iQ is able to alert individuals and organisations if, and when, their information is
Kinly, a portfolio company of private equity firm Avedon Capital Partners has acquired MK2 in a deal that fits in with Kinly’s strategy of strengthening its position in the audio-visual and visual collaboration market through organic growth and strategic acquisitions.
In recent years, MK2 has rapidly developed from Breda into a market leader in the Netherlands within the field of audio-visual solutions and can count many leading businesses as long-term customers.
Together, Kinly and MK2 are the experts in the Dutch market for IT-driven AV and visual collaboration solutions. Kinly increases its AV knowledge and experience. For MK2 and its
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