Deals
This factsheet from Preqin brings you up to speed with the latest data and information on private equity backed deals and exits that took place in Q3 2015. The factsheet features top-level industry statistics, key takeaways and listings of the largest deals and exits to have occurred in the third quarter.
View the factsheet here.
Private equity firm EQT has signed an agreement via its EQT Mid Market Fund to acquire Berlin-based kfzteile24 GmbH. The company is being sold by its two founders, Matthias Kieper and Torsten Hainke.
Both remain substantial shareholders in kfzteile24 and will continue in their roles as co-CEOs in order to drive the company’s growth and development. kfzteile24 is a leading German online retailer for vehicle parts and accessories. Three bricks and mortar stores in Berlin with affiliated repair shops supplement the online operation. kfzteile24 has around 500 employees.
A Berlin-based team from CMS Germany headed by lead partners Dr
The Edmond de Rothschild is looking to bolster its private equity offer, with the objective of increasing assets under management by more than 50 per cent over the next two years.
As part of this strengthened commitment to private equity, the Group is launching ERES III, a new fund dedicated to global growth strategies, in the coming weeks. The Group’s ambition is to raise EUR250-300 million, compared to a total of EUR320 million raised for ERES I and ERES II.
Additional funds currently being raised, including China 2, Ginko 22 and TIIC 22. Other fund-raisings in the Cabestan, BioDiscovery
Fidelity Biosciences is joining with Devonshire Investors’ technology venture capital fund to become F-Prime Capital.
F-Prime Capital will create a new, unified name for the venture capital funds of FMR LLC, the parent company of Fidelity Investments, and continue its 40-year history as an active global investor in life sciences, healthcare and technology.
“Throughout the firm’s history, our scale and scope have grown with the addition of new venture funds, domain expertise and global reach,” says Stephen Knight, managing partner for the firm. “While our venture teams retain a strong cultural bond with Fidelity Investments, we are introducing a
Global Jet Capital, a provider of financing solutions for large-cabin, long-range private jets, has agreed to purchase the aircraft lease and loan portfolio of GE Capital Corporate Aircraft in the Americas representing approximately USD2.5 billion of net assets.
Shawn Vick, Executive Director of Global Jet Capital, says: “We are investing heavily in growing the business both organically and through strategic acquisitions such as this one with GE. This is a prime example of our industry expertise and investment capital coming together to evaluate and identify an opportunity to expand the business in a disciplined, carefully measured way.”
He adds:
Mid-market advisory firm Clearwater International has completed deals worth over EUR1 billion during what are typically considered to be the quieter summer months – activity which has seen the company’s average deal value soar to EUR84 million.
Following the first anniversary in June, of the merger to create Clearwater International, the business has seen exceptional levels of M&A in all of its territories and sectors, and no more so than in the UK where the team have completed 11 deals in the last 10 weeks.
Transactions included the MBO’s of Partner in Pet Food, worth EUR315 million, and Ideal
Sell-side mid-market M&A firm Cavendish Corporate Finance has advised on the sale British digital agency Dare to Oliver Group.
Founded in 2000 by Mark Collier, the former Bartle Bogle Hegarty (BBH) joint managing director, Dare is one of Britain’s great digital success stories. Established as one of the first digital agencies in the UK, Dare quickly grew to become a leader in its field and was sold to Canadian marketing group Cossette in 2007.
Currently owned by EDC Communications, a group of marketing services companies backed by the US private equity firm Mill Road Capital, Dare has established itself as
There were 230 trade sale exits in Q3 2015, nearly matching the record 231 exits in Q4 2012, with a combined value of USD98.7 billion, the highest quarterly value on record according to figures release by Preqin.
This total is expected to increase further as more information comes to light, surpassing the previous record and making the quarter the busiest ever for private equity-backed trade sale activity. Trade sales have been the key driver of the private equity- backed exit market in Q3 2015, as the number of IPOs, sales to GP, and restructurings all fell.
Nonetheless, private equity-backed exit
UK mid-market private equity firm LDC has backed the management buyout of PEI Media Group Ltd (PEI), an alternative assets information groups.
Founded in 2001 following a buyout from Euromoney Institutional Investor plc, PEI has developed a portfolio of globally recognised publications, databases and branded events focused exclusively on alternative asset finance and investment. Its products and services sit at the heart of the fast-growing markets of private equity, real estate, infrastructure and private debt.
The PEI publication portfolio includes Private Equity International, PERE, Infrastructure Investor, Real Estate Capital and pfm. PEI has also expanded into emerging alternative investment fields
Private investment firm Enhanced Capital and FocusPoint Private Capital Group (FocusPoint), a FINRA member focused on private capital raising, have formed Enhanced FocusPoint (EFP), a partnership to source, seed and launch a series of private investment funds.
EFP will identify talented management teams with investment strategies suitable for institutional investors allocating capital to private funds. This partnership will expand the reach and capabilities of each firm, providing experienced limited partners with new investment strategies.
Four sectors of focus have been identified for the platform: Equity, Credit/Income-Generating, Real Assets, and Special Opportunities. Enhanced and FocusPoint have a long history of backing
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