Deals
PlaySight Interactive has completed a USD3.5 million investment round from high-profile private investors including Novak Djokovic, Billie-Jean King and Wall Street legend Bill Ackman alongside D5 Capital.
The new capital will fund a global roll-out of PlaySight’s SmartCourt technology for recreational and elite tennis, as well as research and development on applications in other popular sports beyond tennis.
“We are very proud to have such a powerful group of investors who share our vision of bringing elite player technology to the grassroots and club level,” says Chen Shachar, PlaySight CEO. “When we developed this technology we saw an opportunity
Actis, the pan-emerging market investor, has realised its investment in Egypt’s Commercial International Bank (CIB).
Actis has sold its remaining 6.5 per cent to add to the 2.6 per cent sold to international investors in March 2014.
Actis invested in CIB in July 2009 in a transaction that made Actis the largest single shareholder. Since then, the bank has grown significantly despite a period of political instability since the Arab Spring of 2011. Actis has sold its remaining 6.5 per cent to Fairfax Financial Holdings.
Paul Fletcher, executive chairman at Actis, says: “It’s been a privilege to work
Private equity firm Actis has sold a substantial stake of Ugandan electricity distributor Umeme Ltd for USD85.5 million.
The shares were bought by over 20 new and existing blue-chip institutional investors in a heavily oversubscribed secondary offer through the Uganda Securities Exchange (USE) and the Nairobi Stock Exchange (NSE).
Investec Asset Management and Uganda’s National Social Security Fund (NSSF) join Actis as cornerstone institutional shareholders in Umeme. Actis will shortly make additional shares available to local retail investors and to Umeme’s directors and management team, retaining a significant minority stake for at least two years.
This transaction is
International law firm Cleary Gottlieb Steen & Hamilton is representing Fintech Advisory and BTG Pactual Europe in the acquisition of a 6.5 per cent stake in Banca Monte dei Paschi di Siena from Fondazione MPS, which maintains a 2.5 per cent stake.
This is the first time non-EU funds have acquired a stake in an Italian bank in a deal subject to the approval of the Bank of Italy.
The transaction takes place in the context of the EUR5bn capital increase to be approved by the shareholders of Banca MPS by the end of next week.
The green
Total offshore deal value increased by 79 per cent in the first quarter of 2014 when compared to the same period last year and was the highest it’s been since the end of 2012, according to a report released by Appleby.
Considering the first quarter of the year is historically the quietest for dealmaking, the findings set the stage for what looks to be an active 2014.
The latest edition of Offshore-i, an Appleby report that provides data and insight on merger and acquisition activity in the major offshore financial centres, focuses on transactions announced during the first quarter
Private equity-backed Oasis Healthcare has strengthened its position as the UK’s largest provider of private dental care and a major provider to the NHS with the acquisition of Apex Dental Care for an undisclosed sum.
The deal closely follows the acquisition of Smiles Dental in April 2014.
The additions of Apex and Smiles to the Oasis portfolio will increase the company’s turnover by 40 per cent from GBP160 million to over GBP225 million, through the provision of quality NHS, private and specialist dental care to over three million patients. Its practice network will have grown by over 50 per
Ingenious Clean Energy, a division of UK investment and advisory group Ingenious, has completed the financing of a GBP27m portfolio of three solar parks, including a GBP15m loan from Barclays.
The solar parks are in Somerset, Dorset and Hampshire and are owned by three companies in the Ingenious Renewable Energy EIS Fund portfolio.
Jeremy Milne, fund manager of the Ingenious Renewable Energy EIS Fund, who led the financing, says: “It is a testament to the quality of the investments made by Ingenious that we can attract debt financing from a leading provider of debt facilities like Barclays.”
Neil
Darden Restaurants has agreed to sell its Red Lobster business and certain other related assets and assumed liabilities to Golden Gate Capital for USD2.1 billion in cash.
Darden expects to receive net cash proceeds, after tax and transaction costs, of approximately USD1.6 billion, of which approximately USD1.0 billion will be used to retire outstanding debt.
The remaining net proceeds of approximately USD500 million to USD600 million will be deployed for a new share repurchase program of up to USD700 million in fiscal 2015.
In addition to strengthening the company's credit metrics, with the lower debt levels and
An extremely active IPO market has impacted on UK private company mergers and acquisitions (M&A) resulting in a slow start for 2014 deals.
This has been further compounded by the ongoing political stand-off in Ukraine, which has led some investors to defer decisions in the short term, according to the latest quarterly PCPI/PEPI index from BDO Corporate Finance.
The index tracks the relationship between the enterprise value (EV) to earnings before interest tax depreciation and amortisation (EBITDA) multiple paid by trade and private equity buyers when purchasing UK private companies.
Despite widespread expectations that the growing confidence witnessed
Funds advised by Oaktree Capital Management have acquired all the shares in Railpool and Railpool Holding from HSH Nordbank and KfW IPEX-Bank.
The purchase price has not been disclosed.
A team from CMS Hasche Sigle led by Hamburg-based partners Dr Ludwig Linder and Dr Henrik Drinkuth advised HSH Nordbank and KfW IPEX-Bank on all aspects of the sales process relating to the Railpool Group. The firm has provided support to both banks on several occasions in recent years in relation to transactions and financing.
Railpool is a fast-growing company in the railway sector which has been leasing rail
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
