Deals
Middle market private equity firm GI Partners is to acquire IT infrastructure and cloud provider Peak 10.
Founded in 2000, Peak 10 provides hybrid IT infrastructure services including data centre services, private and enterprise cloud infrastructure and managed services.
Headquartered in Charlotte, North Carolina, the company operates 24 data centres in 10 key markets in the US, primarily serving mid-sized enterprises around the globe.
"This is a pivotal time in the IT infrastructure space," says David Jones, president and chief executive officer of Peak 10. "Our industry continues to experience dynamic change with shifts and enhancements to virtual
Private equity-backed IPOs in Latin America outperformed the broader public markets and other IPOs in the region by a significant margin over the course of 2013, according to a survey by EY.
The report – Great expectations: what’s next for Latin American private equity? – underscores that exits via IPOs yielded better returns than the other key route in Latin America, sale to corporates.
The report, now in its third year, examines the results and methods of over 107 PE exits between 2007 and 2013.
With PE-backed IPOs worldwide recording their strongest year-on-record in 2013, 38 per cent
Venture capital investor Octopus Investments and tech start-up specialist 360 Leaders have formed a strategic partnership to work on projects in the technology and enterprise space over the next 12 months.
360 Leaders held its latest ‘Hot Topics’ event last week in New York, focused on the trends of international expansion and the New York tech ecosystem. The event included speakers from US VC firm Sequoia Capital, Foursquare, MongoDB and Octopus-backed events app YPlan.
Simon Andrews, a member of the ventures team at Octopus, says: “360 Leaders is transforming the technology industry through its community approach to talent development,
The Central Africa Growth Sicar (CAGS) fund, managed by pan-African private equity firm Emerging Capital Partners (ECP), has exited its stake in Togo-based commercial banking holding company Oragroup.
The exit form Oragroup, which currently has operations spanning 12 countries in West and Central Africa, represents 2.2x return on CAGS’ initial investment.
CAGS achieved the divestment through sale of its stake to Gabon's Strategic Investment Fund (GSIF). The exit follows a five year holding period during which time CAGS provided development capital and strategic management expertise to support Oragroup’s growth ambitions. During CAGS' holding period, Oragroup doubled its countries of
Dubai International Capital (DIC), the private equity arm of Dubai Holding, has signed an agreement for the sale of Mauser Group to Clayton, Dubilier & Rice (CD&R) for circa USD1.7 billion.
Mauser, which was acquired by DIC in 2007 in a deal that valued the group at circa USD1.1 billion, is a producer of rigid industrial packaging with approximately 4,400 employees and consolidated revenues of over USD1.6 billion.
David Smoot, chief executive officer of DIC, says: “Mauser has been a very successful investment for DIC, providing a return of approximately double our equity invested. We partnered with a strong
International investment firm Axon Partners Group has invested in iYogi, a specialist in on-demand tech support for consumers and small businesses, bringing the total raised so far in this Series E financing round to USD28 million.
Axon Partners Group, which has a strong presence in Spain and Latin America, has joined this round along with Madison India Capital and some existing investors, to support iYogi’s growth in these regions through partnerships with telecom companies.
Francisco Velázquez de Cuéllar, president of Axon Partners Group, says: "Axon is very pleased to be working with iYogi, further expanding our technology portfolio in
Talis Capital’s portfolio company FuelQuest In has completed the sale of its subsidiary business Zytax to Avalara.
FuelQuest’s disposal of Zytax represents one of the first exits in the digital sector for Talis Capital investors.
Talis Capital, also the exclusive advisor to Beyond Digital, completed a USD10m Series A round for FuelQuest in 2012. Beyond Digital focuses on high growth technology companies, in areas such as financial technology, mobile, data analytics and cyber security.
FuelQuest solutions help customers manage complexity, regulation and market volatility for more than 22 billion gallons of gasoline and diesel fuel annually. Zytax provides
Private equity firm Graphite Capital has sold Education Personnel, a provider of supply teachers and educational support staff to schools in England and Wales, to its management team in a buy-out backed by ICG.
Graphite originally backed the management buy-out of Teaching Personnel in 2010. The following year the business was merged with Protocol Education to form Education Personnel.
The combination has generated approximately 100 additional jobs at the company since the merger.
Education Personnel’s revenue has grown by approximately 60 per cent over the past four years. The number of branches has risen from 52 to 67 and
iZettle has closed a EUR40 million Series C funding round led by London-based growth investor Zouk Capital, with participation from Dawn Capital and Intel Capital.
Series A and B investors Creandum, Greylock Partners, Index Ventures, Northzone and SEB Private Equity also invested.
Investors in previous rounds included American Express, MasterCard and Banco Santander.
Nathan Medlock, a principal in Zouk’s growth capital team, will join the iZettle board.
iZettle will use the funding to continue growing in existing markets as well as identifying new potential territories for expansion.
"Using a card for payment is second nature
Countrywide Healthcare Supplies has secured a GBP2.7 million investment from Octopus Investments.
Countrywide was established in 1996 and operates from a purpose-built distribution centre in South Yorkshire.
With this investment Countrywide will continue to pursue its growth strategy as it looks to become the largest supplier to the UK care sector.
Octopus, which manages over GBP3 billion of assets, is building a reputation in the healthcare industry having backed the retirement village operator Rangeford and care home operator Carebase. Octopus will actively work with the company and leverage its expertise of the sector to provide support to the
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