Deals
Private equity firm Warburg Pincus is to acquire a majority stake in mercator, a provider of software and technology-enabled outsourcing solutions to the global aviation industry, from dnata.
dnata will retain a minority stake.
Headquartered in Dubai, mercator helps airlines move passengers and cargo to their destinations safely and on time. mercator's five key products include cargo operations and management, financial solutions, loyalty and CRM, safety and passenger reservation and departure control. The company's solutions are used by more than 125 airline clients in over 80 countries and six continents. Current clients include United Airlines, Thai Airways, Qantas, British Airways, Singapore
Albert Medical Devices (AMD) has secured GBP940,000 in funding supported by the Angel CoFund, the GBP100m government and British business bank-backed fund, alongside existing investors North West Fund for Biomedical (managed by SPARK Impact) and the London Business Angels.
This is the third round of funding for the Liverpool-based med-tech company, who in April 2012 successfully raised a seed round of GBP300,000 from SPARK Impact’s North West Fund for Biomedical (the fund having collectively invested GBP680,000).
This initial funding was used to further develop the company’s flagship product, the melio leg bag. The melio is the world’s first intelligent catheter
Virtual reality (VR) games developer and publisher nDreams and Mobile app creator No Yetis Allowed have both secured funding from Mercia Fund Management (MFM), a provider of investment, accommodation and business support services across the UK.
These businesses are just two of Mercia Fund Management’s growing portfolio of gaming companies benefiting from both finance and sector expertise from former SEGA CEO Mike Hayes and ex-Codemasters MD Nick Wheelwright.
Hayes, head of Mercia Fund Management's digital and e-commerce division, says: “The expansion of our digital and e-commerce portfolio has allowed us to invest in a number of exciting and innovative ventures in
Waterton Global Resource Management has held the final closing of its flagship private equity fund, Waterton Precious Metals Fund II (Fund II), with total capital commitments of USD1.016bn.
With Fund II, Waterton Global aims to continue investing in the metals and mining space.
Fund II will generally target production and late-stage development assets in the precious metals sector that are located in politically stable jurisdictions, through acquisitions, joint ventures and partnerships.
"We are grateful for the significant level of support from our investors, who have provided a strong endorsement of Waterton Global's owner-operator business model," says Isser Elishis,
West Partners has closed an investment in NoteVault, a San Diego-based provider of voice-to-text-based mobile reporting solutions for the engineering and construction industry.
Terms of the investment have not been disclosed.
NoteVault offers construction companies a cloud-based subscription solution that enables users to post real-time notes throughout the day by typing, texting, or speaking into a mobile device, such as a smartphone or tablet.
"We are very excited to be partnering with NoteVault," says Dennis O'Brien, president of West Partners. "We believe the firm has the best solution to allow construction companies to more efficiently manage their daily
Cinven has decided to roll its entire residual holding in Numericable into Altice following Altice/Numericable’s agreement to acquire SFr from Vivendi.
Cinven and Altice created Numericable via a series of acquisitions through a classic “buy and build” strategy, latterly in partnership with Carlyle.
Cinven (70 per cent) and Altice (30 per cent) initiated together in 2005 the creation of Numericable Group via the acquisition of Numericable in March 2005 and Altice One, acquired in November 2005.
The group consolidation took numerous steps involving five acquisitions and seven re-financings from 2005 to 2013.
By year end 2007, Numericable
Private equity firm Encore Consumer Capital has completed the sale of its portfolio company, tarte Inc, to KOSÉ Corporation, a Tokyo-based global cosmetics business with a primary focus on Asia.
tarte is a natural cosmetics company based in New York.
Kevin Murphy, managing director of Encore Consumer Capital, says: “It has been a great privilege and a lot of fun for us at Encore to have partnered with Maureen Kelly, Scott McDonough and the rest of the amazing team at tarte since our investment in 2010. The company’s performance over that time has been nothing short of extraordinary, and
Water Street is to acquire a majority interest in Take Care Employer Solutions, a subsidiary of Walgreen Co that manages more than 360 US worksite health centres.
Water Street also has signed an agreement to simultaneously invest in CHS Health Services, a premier provider of more than 130 worksite health centres.
Water Street will merge Take Care Employer Solutions and CHS to form a new company dedicated to providing worksite health centres that improve the cost and quality of employee health care. The new company will have more than 85 years of combined experience in employer health solutions and
Matheson has agreed to purchase Investec’s Irish investment funds and debt securities listing business.
The acquisition is expected to complete shortly, following approval from the Irish Stock Exchange.
Investec’s listing unit assists applicants seeking to list investment fund shares or structured debt securities on the Irish Stock Exchange. The origins of Investec’s listing unit can be traced back to the 1980s when, as part of NCB Stockbrokers, it arranged the first listing of investment fund shares on the Irish Stock Exchange.
Liam Quirke, managing partner at Matheson says: “International companies and financial institutions doing business in and through
BaltCap has acquired a controlling interest in Ecoservice UAB, a waste management company in Lithuania.
BaltCap Private Equity Fund II (BPEF II), advised by BaltCap, will control 75 per cent of shares of Ecoservice.
The remaining 25 per cent of shares will remain with previous owner City Service, AB. The value of transaction is EUR14.9m (100 per cent equity value).
“BaltCap’s strategy is to invest in attractive, leading companies with growth potential in the Baltic States. As one of the leaders in the growing recycling services market, Ecoservice meets these criteria. The company has an experienced and ambitious
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