Deals
Palamon Capital Partners (Palamon), a pan-European growth investor, has acquired a majority stake in FairConnect, a provider of connected insurance services.
Palamon and its financing partners have invested and committed more than EUR100 million of funding to the Company.
FairConnect is a leading provider of connected services to insurers that are transforming the insurance industry with usage-based premiums and value-added services. For example, customers with “connected motor insurance” can benefit from reduced premiums and access a range of new services (such as accident and emergency assistance, breakdown diagnostics and theft recovery) which is driving rapid growth in the sector of
MPEP Management Luxembourg has secured a double-digit million Euro commitment from an alternative investment fund managed by Degroof Petercam, one of Belgium’s leading independent investment services institutions.
With its history dating back to 1871, Degroof Petercam today manages more than EUR54 billion for wealthy families, business owners and investment professionals. MPEP Management Luxembourg S.à r.l. and its sister company Munich Private Equity Partners GmbH (together “MPEP”) offer private equity programmes, managed accounts and further investment services for institutional clients out of their offices in Oberhaching (Greater Munich Area) and Luxembourg.
“Private equity plays an important role in the investment
Fortino Capital is investing EUR2.2 million in Dobco Medical Systems, a Belgian software company specialising in online solutions for medical imaging.
Fortino Capital will help Dobco Medical Systems’ management with the further development of their platform and their international expansion.
Dobco Medical Systems was founded in 2011. Its PACSonWEB platform, is used in nine out of 10 Flemish hospitals. PACSonWEB is a secure cloud platform that provides an efficient way to exchange medical images and reports between all involved parties. Dobco is able to simplify complex processes within medical imaging and provide doctors and patients with medical information faster,
Eurazeo PME, Eurazeo’s division specialising in medium-sized companies, is to sell its stake in the Odealim Group, a French insurance brokerage firm for real estate professionals, to private equity firm TA Associates.
Eurazeo PME purchased AssurCopro in July 2016, working with founders Olivier Scemama and Vincent Mancel and the company’s management team. The transaction should be finalised in October 2018, once the preliminary operations have been completed. Eurazeo PME’s proceeds from the sale should be twice its initial investment.
With Eurazeo PME as its majority shareholder, Odealim has consolidated its leading position with five acquisitions, including InterAssurances, Jacques Boulard
Funds advised by private equity investor Equistone Partners Europe have agreed to sell a majority stake in Caseking, a European supplier of PC gaming, eSports and tech products, to funds advised by Gilde Buy Out Partners.
Equistone acquired Caseking in March 2014 and has subsequently supported the company’s growth strategy. Caseking’s founders and management will retain a stake in the business. The financial terms of the deal are undisclosed and completion of the sale is subject to the approval of the relevant competition authorities.
Headquartered in Berlin, Caseking was founded in 2003 by Kay Kostadinov and Toni Sonn as
AP Ventures has launched as an independent venture capital fund to invest in applications for Platinum Group Metals (PGMs). Anglo American Platinum and South Africa’s Public Investment Corporation (PIC), as cornerstone investors, have each committed USD100 million to the fund.
The newly created AP Ventures is the first fund of its kind investing in pioneering technologies and businesses harnessing the unique high performance characteristics of PGMs.
Anglo American Platinum is the world’s leading primary producer of PGMs and is expected to continue to provide AP Ventures with the benefit of industry expertise, market knowledge and access to international networks.
The industrial gases specialist Messer and CVC Capital Partners Fund VII (CVC) are to acquire the majority of Linde AG’s gases business in North America, and certain business activities in South America.
With approximately 5,100 employees, the acquired North and South American companies generated 2017 revenues of USD1.7 billion (EUR1.4 billion) and EBITDA of just over USD360 million (EUR305 million). The purchase price of USD3.3 billion (EUR2.8 billion) will be subject to customary adjustments at closing. The transaction is subject to the completion of the planned merger of the two industrial gases firms, Praxair and Linde, and the approval by the
Allied Universal is to acquire US Security Associates (USSA) for approximately USD1.0 billion.
Based in Roswell, Georgia, USSA is one of the leading providers of security and related services in the United States, employing more than 50,000 security professionals serving several thousand clients across a wide range of industries. USSA generated 2017 pro forma revenues and Adjusted EBITDA of c. USD1.5 billion and USD95 million, respectively. The transaction is expected to close by the end of 2018, subject to customary regulatory approvals.
Allied Universal intends to fund the transaction with a combination of additional indebtedness and up to USD200
Law firm Paul Hastings is advising Monaco Telecom on its agreement with MTN to acquire the entire issued share capital of MTN Cyprus, for net sale proceeds of EUR260 million.
MTN Cyprus is the fastest growing mobile and fixed operator in Cyprus with more than 400,000 customers and 2017 revenues of EUR123 million.
Monaco Telecom is majority owned by NJJ, the investment vehicle of Xavier Niel, one of France’s most prominent business leaders and an investor in telecommunications and technology ventures for 25 years.
Paul Hastings has previously advised NJJ on its EUR3.5bn acquisition of a majority stake in
Private equity firm TA Associates has completed a minority investment in Prudent Corporate Advisory Services (Prudent), an independent distributor of mutual fund and other wealth products in India.
Financial terms of the transaction have not been disclosed.
Founded in 2001, Prudent provides personal and corporate investment planning services through the distribution of mutual funds, bonds, broking and insurance products. The company operates through its network of over 10,000 Independent Financial Advisors (IFAs). Prudent provides its IFA partners with training and development services, technology platforms to grow and manage their client-base, back-office services, and sales and marketing support. The company
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
