Deals
Private equity firm Palamon Capital Partners has agreed the sale of Retail Decisions (ReD) to ACI Worldwide for USD205 million, subject to regulatory approvals.
The sale will result in total Sterling investment returns for Palamon of 2.5x invested capital.
ReD is a provider of payment fraud prevention technology and services to merchants, card issuers, acquirers and processors. The company’s flagship product ReD Shield, a real-time, online fraud prevention solution, is used by large e-commerce and multi-channel merchants in North America, Europe, Asia-Pacific and Latin America, to boost online revenues while reducing fraud losses.
Palamon acquired ReD in a
21 Concordia, a private equity fund of 21 Partners, has completed an investment in Polish debt collection company EGB Investments.
Founded in 1995, EGB Investments manages collection of consumer and corporate debt for banks, financial institutions, telecommunications, and utilities companies in Poland.
EGB generates sales in excess of EUR12 million with an Ebitda margin in excess of 15 per cent.
In addition to the core debt collection and receivables management services, the company provides liquidity enhancement solutions for small and micro enterprises through its subsidiary EGB Finanse.
21 Concordia along with the management will foster an organic
Specialist financial services private equity investor Cabot Square Capital has made a GBP25m investment in Henry Howard Finance, in order to enable it to increase its provision of finance for SMEs.
Cabot Square believes that the shortage of SME financing from banks in the wake of the credit crisis has created a significant opportunity for Henry Howard – which is already established as a leading asset finance provider – to build on its experience and expertise in providing finance both direct to SMEs and as part of manufacturers’ and equipment vendors’ sales packages.
In particular the investment will enable Henry
Nordic Capital Fund VIII has signed an agreement to acquire the majority of Lindorff, a European debt collection company headquartered in Oslo, Norway, from Investor and Altor.
Investor and Altor will retain a minority holding in Lindorff.
The total EV is EUR2.1bn plus EUR200m of a performance based vendor note.
“Nordic Capital has followed the development of Lindorff for many years and is impressed with the successful transformation and positioning of the company. In the coming years, Nordic Capital looks forward to supporting further growth and expansion of Lindorff, and to contributing through Nordic Capital’s extensive experience and
Lonsdale Capital Partners has acquired the flexible plastic packaging businesses of Suominen Corporation.
Suominen Flexibles supplies printed plastic film and certain converted products for consumer and industrial applications from three factories in Finland and Poland. It also has sales offices in Sweden and Russia.
In 2013, Suominen Flexibles had net sales of EUR60 million.
Lonsdale is acquiring the business for EUR20 million plus a small earnout. The management team and Suominen Corporation will own significant minority stakes in the business going forward. Debt facilities were provided by Nordea Bank Finland and a vendor loan by Suominen Corporation.
A fund managed by Ares Management’s private equity group is to acquire the parent company of National Veterinary Associates (NVA) from investment funds affiliated with Summit Partners.
NVA's senior management will retain a minority stake. Terms of the transaction were not disclosed, and the transaction is expected to close in the third quarter of 2014, subject to customary closing conditions.
NVA offers a full range of medical and surgical services in more than 240 companion animal veterinary hospitals across 39 states. As part of its mission, NVA provides the tools and resources for its veterinarians to deliver high quality
Private equity firm GTCR is to acquire the Cole-Parmer Instrument Company from Thermo Fisher Scientific for USD480 million.
Cole-Parmer, headquartered in Vernon Hills, Illinois, is a manufacturer and distributor of specialty laboratory equipment, instruments and supplies to a diverse range of customers in pharmaceutical, biotech, healthcare, chemicals, food and other research-based or regulated markets.
“We are excited to acquire Cole-Parmer from Thermo Fisher,” says Dean Mihas, managing director at GTCR. “We believe Cole-Parmer’s strong reputation, management team and portfolio of leading brands provides a unique position within the diverse end-markets it serves. GTCR looks forward to investing in the
Syntaxis Capital has completed its investment in eSKY, an online travel agent focused on Central Europe.
Founded in Poland in 2004, the company provides travel services to individuals, centred around the sales of airline tickets, for both traditional as well as low-cost carrier flights.
Its platform allows it to offer complex and interconnected bookings across its network shared with over 700 airlines globally.
eSKY has expanded to Bulgaria, Romania and Brazil.
Syntaxis has invested EUR11.5 million in the company, the bulk of which will be used to support and accelerate eSKY’s geographical expansion, and selectively pursue add-on
Zoyi Capital has invested in Quaser Machine Tools, a machine tool manufacturer in Taiwan specialising in high-precision and multi-axis machine centres.
Quaser manufactures and sells machine centres primarily under its own brand and has also secured original equipment manufacturer partnerships.
To capture new growth opportunities, the company has a continuous focus on product development including new product launches and market expansions. This has led to a strong global presence, with over 30 distributors worldwide and service centres in Switzerland, China and Taiwan.
“Zoyi Capital has identified favourable industry trends for high-end machine tool manufacturers, driven by economic recovery
Growth private equity firm Keensight Capital has held a first close of EUR200 million for its new fund Keensight IV.
With this fund, the fourth vehicle to be managed by the investment team, Keensight Capital will continue to execute the same strategy it has pursued with success throughout the years.
Keensight Capital supports entrepreneurs in their growth projects by investing amounts ranging from EUR10 million to EUR30 million, with or without leverage, in minority or majority shareholding positions.
The Rothschild Group has invested in the fund, along with various European institutional investors, such as pension funds, insurance companies
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