Permira Debt Managers (PDM) is acting as sole lender in the refinancing of Away Resorts’ existing debt. PDM’s support will also enable Away Resorts to acquire its sixth park, Sandy Balls, based in the New Forest.   In addition to the refinancing, PDM funds have also provided a capex facility to enable Away Resorts – a portfolio company of private equity firm LDC – to continue improving and expanding the range of facilities and accommodation provided across its six resorts.   Founded in 2007, Away Resorts owns and manages holiday resorts across the UK in locations such as the Isle

PyroGenesis Canada, a clean-tech company that designs, develops, manufactures and commercialises plasma waste-to-energy systems and plasma torch products, has signed two additional military contracts totalling approximately USD1.2 million (CAD1.6 million). As of 30 June 2016, total military contracts signed now exceed USD3.7 million (CAD5 million).   The military contracts are all expected to be completed by the end of Q2 2017.    "Since 30 June 2016, both military contracts and non-military contracts now exceed CAD13 million, the majority of which will be completed this year," says P Peter Pascali, president and CEO of PyroGenesis. "This coupled with the Company's success

Puji Capital and Galaxy Holdings have formed a joint venture to create a new economic and business region in Shenzhen to bridge and innovate cross-border business between China and the West through investment and business support. The new joint venture platform is aiming to spark innovation and encourage cross-border business cooperation and investment by providing both direct investments as well as the professional services for global companies expanding in China and other key, high-growth markets in Asia.  The joint venture platform will target and invest into more than 10 small to medium sized Western growth companies in each of the

Clessidra and the Buccellati have sold an 85 per cent stake of Buccellati Holding Italia (Buccellati) to the Chinese conglomerate Gangtai Group. Clessidra and the Buccellati family will retain a 15 per cent stake in Buccellati. Buccellati, founded in Milan in 1919, is one of the most prestigious Italian jewellers. The company has a wide international presence especially in Europe and the United States with both direct stores and distribution agreements.    Clessidra acquired a 67 per cent stake in Buccellati in 2013 with the remaining 33 per cent retained by the founding family. During the investment period, Clessidra and

Mid-market investment bank Lincoln International (Lincoln) has represented KRG Capital Partners (KRG) on it sale of sell Ansira Partners (Ansira) to Advent International Corporation (Advent). Terms of the transaction have not been disclosed. Ansira is a premier data-driven, technology-enabled marketing solutions provider which integrates data analytics, CRM, localised marketing automation and performance media with best-in-class execution strategies. Together these capabilities drive ROI-measured marketing programs at a national and local level. Ansira's product offering focuses on the use of data-driven decision making, from marketing decisions and strategy recommendations to media / channel allocations and creative concepts. This offering is supported by

Japanese denim brand EVISU has agreed a buy-back deal for its retailing and franchising rights in China. Parent company EVISU Group Limited is reinvesting, alongside private equity fund Cassia Investment, to buy back New Elegant Trading’s interest in their China joint venture, which is financially supported by IDG Capital.   The acquisition consideration is USD40 million. David Pun, chairman and CEO of EVISU Group Limited, will remain the majority shareholder.   Pun says: "The company made concerted efforts with its China joint venture partner over the past few years to establish brand awareness and secure a footing in China. We

German hotel group Meinninger Hotels and private equity firm VIYM have signed a management agreement which will see Meinninger open its first hotel-hostel hybrid in Russia, as part of VIYM’s Nikolskiye Ryady development in Saint Petersburg. The overall cost of the Nikolskiye Ryady project, including both hotel properties – the Meinninger Hotel and Holiday Inn Express – is expected to be around USD50 million.   The hotel-hostel hybrid will have 158 rooms, with a total area of 7,300 sq m. The operator is already participating in the drafting of construction blueprints, to ensure that the new property is built in

Diagnostic solutions specialist Curetis has secured a EUR25 million unsecured loan from the European Investment Bank (EIB). The financing is the first growth capital loan under the European Growth Finance Facility (EGFF), launched in November 2016 and is backed by a guarantee from the European Fund for Strategic Investments (EFSI).   EFSI is an essential pillar of the Investment Plan for Europe (IPE), under which the EIB and the European Commission are working as strategic partners to support investments and bring back jobs and growth to Europe.    The debt facility features typical market interest rates with more than half

ForeVest Capital Partners has launched as an independent alternative investment firm, having completed a spinout from PineBridge Investments by mutual agreement.  Established by the four senior managers of PineBridge New Europe Partners (NEP) – Pierre Mellinger, Artur Haze, John Leone, and Doina Popescu – ForeVest will continue to focus on growth equity investments in mid-market companies across Central and Eastern Europe.    ForeVest has managed over USD1.2 billion in investments in CEE and nearly USD300 million in other assets in emerging markets.   The ForeVest team comprises 14 investment professionals with over 180 years of collective private equity experience, with