Deals
Annual global M&A volume surpassed USD5 trillion for the first time ever in 2015, according to data released by Dealogic.
This record-setting volume breaks the previous record of USD4.6 trillion set in 2007, by 9 per cent. There were 10 USD50 billion+ M&A transactions announced in 2015 worth a combined USD798.9 billion. That's five deals more than the previous record high activity set in 1998, 1999, and 2014. US targeted M&A (USD2.5tr) accounts for half of 2015 volume and seven of the top 10 transactions.
Healthcare (USD723.7 billion) and Technology (USD713.1 billion) were the leading sectors. The biggest deals announced
Horizon Technology Finance Corporation has led a USD12 million venture loan facility for Digital Signal Corporation (DSC).
DSC, a specialist in human identification and identity management solutions, is backed by leading venture capital firms, including SilverHaze Partners and Novak Biddle Venture Partners. DSC will use the proceeds for working capital purposes.
“We are pleased to lead this venture loan facility for DSC,” says Gerald A Michaud, President of Horizon. “The company’s 3D facial recognition technology provides a differentiated security and fraud prevention solution, which has significant commercial applications in both the public and private sectors. Our growth capital will
NorthEdge Capital has supported the management buyout of TKC, an established supplier to the fitted furniture industry.
Denton-based TKC is a specialist distributor of kitchen and bedroom doors and other components, sourcing the majority of its products from Italy. It currently employs 128 staff and supplies to independent kitchen retailers, kitchen manufacturers and local installers. Established in 1989, the company has experienced strong revenue growth, with turnover reaching £19m in the year to September 2015.
TKC offer a wide range of classic, traditional and contemporary doors and components for both kitchens and bedrooms. The company recently launched its newest
The introduction a new fund vehicle by new regulations governing European Long-Term Investment Funds (ELTIFs) on 9 December will bring more opportunities for professional and retail investors to fulfil their long-term investment objectives.
That’s the view of the Cyprus Investment Funds Association (CIFA), which says that, for the first time, ELTIFs will allow for fund managers to lend directly to the real economy as part of a major milestone marking the increased sophistication of the Capital Markets Union (CMU). CIFA believes that owing to Cyprus’ already well-established Alternative Investment Funds (AIF) legal framework, ELTIFs can be marketed across the EU
Global advisory, corporate development and executive search firm Jensen Partners has aligned with Context Capital Partners LP to launch Context Jensen Partners.
The new company will strategically address the obstacles faced by alternative asset managers who are focused on growing assets in an increasingly competitive fundraising environment.
Context Capital Partners (Context), a seeding firm focused on alternative investment strategies, is now a stakeholder in Jensen Partners (Jensen), which combines a customised, scientific approach with the proprietary 360° Investor Referencing Methodology and advanced behavioural analytics to source and recruit leading capital-raising executives and provide strategic consulting services for clients. This
Goodwin Procter’s London Private Equity Group continues to grow its footprint in the market, having acted on four diverse transactions announced over the past four weeks.
Richard Lever, private equity partner who joined in June to spearhead the growth of the firm’s practice in Europe, said, “We are pleased to have acted on four very diverse transactions, which highlight the breadth and depth of our private equity offering.”
Most recently, the team advised Better Capital, a turnaround specialist, on the sale of Santia Holdings Ltd, a leading UK provider of integrated health & safety and environment risk management services, to
Ireland’s Minister for Finance Michael Noonan, TD has signed the European Union (European long-term investment funds) Regulations 2015 into effect to facilitate the establishment of ELTIFs in the country.
ELTIF application forms are available from the Central Bank of Ireland and it has confirmed that it is ready to accept ELTIF applications.
Pat Lardner, Chief Executive of Irish Funds, says: “ELTIFs represent a key component of the European Commission’s initiative on Capital Markets Union (CMU) and aim to promote cross-border long-term investment in projects such as infrastructure, sustainable energy and new technologies. As a leading centre for cross-border Alternative
Accountants and business advisers James Cowper Kreston has advised the management team of GfK's animal and crop health division on its management buy-out, which was agreed on 13 November 2015.
Based in Weston, Berkshire, the business, led by its Global Director Stephen Hearn, has grown rapidly since inception, delivering sales of around USD40 million in 2014. Building on the foundations of an already successful business in agricultural and animal health market research globally, the new company will continue specialising in all aspects of market research in animal health, crop protection, farm machinery and equipment, seed/biotech & fertilizers. All of the
Renaissance Capital, an emerging and frontier markets investment bank, has completed two debt capital markets transactions last week.
A USD50 million Eurobond issue for ABH Ukraine, the sole shareholder of Alfa Bank Ukraine. The new bond issue was a Reg S market only transaction with a one-year maturity and a coupon rate of 10%. Alfa-Bank Ukraine is a leading Ukrainian commercial bank with international capital. The bank ranks among the ten largest banks in Ukraine, according to the National Bank of Ukraine. Renaissance Capital London acted as the Sole Lead Manager for the issue.
A USD40 million Bond Tender
Gousto, the recipe box delivery company, has raised an additional GBP9 million bringing the total raised to date by the firm to GBP20 million.
Founded in 2012, Gousto delivers ingredients boxes for specific, suggested recipes. This latest investment includes GBP3m from BGF Ventures – the first investment for the GBP200 million fund since it opened its doors to early stage technology companies in the autumn of this year – alongside existing investors MMC Ventures, Unilever Ventures and the Angel Co-Fund.
Gousto is one of the UK’s fastest growing technology-based companies. Last month, it delivered more than 300,000 meals to homes
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