Deals
Grupa o2 and private equity fund Innova Capital have completed the acquisition of Wirtualna Polska.
The combined companies will operate on the market under the name Grupa Wirtualna Polska.
The management board of the new company is led by Jacek Świderski, while Łukasz Wejchert will support its development holding a seat on the supervisory board.
“We are becoming the partner of first choice for Internet users and advertisers. We offer a diversity of content-from news through sports, to entertainment and lifestyle, as well as mass services such as Poczta WP and Poczta o2, which have their loyal customer
M&A activity for the global chemical industry will likely increase on 2014 due to downstream value-added opportunities, continued strength in specialty chemicals, and portfolio realignments in North America.
That is according to the Deloitte Touche Tohmatsu Limited (DTTL) 2014 Global chemical industry mergers and acquisitions outlook, which also projects M&A growth in 2014 as companies focus on key ends markets including agrochemicals, bio-based/green chemicals, and health and nutrition.
"This year developing megatrends like expanding global middle class, population growth, and food security will influence global chemical M&A opportunities in end markets such as agrochemicals, as well as impact M&A
Elbrus Capital, a private equity business in Russia and the CIS, has held the final closing of Elbrus Capital Fund II with capital commitments of USD550m.
The fund was oversubscribed, exceeding its target of USD500m and reaching its hard cap.
Additionally, the fund secured USD150m financing from the Overseas Private Investment Corporation (OPIC), which will bring the total available capital for fund investments to USD700m upon finalisation of legal documentation later this year.
The fund has attracted a number of new blue chip institutional investors from Europe, the US, Middle East and Asia. A number of the investors
JTC Group’s funds arm has invested in an IT platform, FrontInvest, to bolster its capabilities in the funds sector.
The platform, provided by eFront, follows best practice processes and systems and helps to ensure that JTC Group can fulfil regulatory, financial and tax reporting requirements for its growing roster of fund clients.
JTC Group’s international funds team administers both closed- and open-ended funds established in Guernsey, Jersey and Luxembourg, as well as other non-domiciled fund structures in financial centres, such as the British Virgin Islands and the Cayman Islands.
Its expertise and scope has been enhanced by the
CVC Capital Partners has competed its acquisition of a controlling stake in Skrill Group from a consortium of investors led by Investcorp, which remains a shareholder.
Founded in 2001 and with operations across Europe and in the US, Skrill is among the world’s largest providers of digital wallet technology, with 36 million account holders and revenues of over EUR220m in 2013.
Using Skrill, customers can make mobile and online payments conveniently and securely, without revealing personal financial data. It also provides a safe way to send and receive money instantly, online.
Skrill’s worldwide payment network offers businesses access
Private equity firm PNC Riverarch Capital has acquired a controlling interest in Women’s Marketing Inc (WMI), a media strategy, planning and buying organisation focused on targeting female consumers and key retailers.
Founded in 1982, WMI serves over 250 customers in a wide range of end markets, including health, beauty, fashion, footwear and accessories, cosmetics and food and beverage.
The company’s planning and media buying services span the spectrum of media channels, including print magazines, digital, mobile, social media, out of home and broadcast. The company is headquartered in Westport, Connecticut, with an additional office in New York.
“Bringing
Wellspring has raised USD5m in capital led by MK Capital, a USD250m venture capital firm focused on building companies in the software and digital media industries.
The capital will be used to strengthen Wellspring's product and technology position within the R&D and product innovation markets and for expansion in the corporate R&D, clinical, and academic research markets.
The Chicago-based Open Innovation software company was founded in 2003 as a spin-out of Carnegie Mellon University, initially providing technology transfer software solutions to universities and hospitals. Wellspring's Sophia software platform is used in universities across the world, in hospitals such as University Hospitals/Case
Brokers are optimistic about merger and acquisition activity in 2014 with 87 per cent projecting an increase in completed deals and the majority of advisors anticipating that overall deal volume will increase.
That is according to the Fourth Quarter 2013 Market Pulse Quarterly Survey Report published by the Pepperdine Private Capital Market Project, International Business Broker Association (IBBA) and M&A Source.
While the market is still clearly polarised, there is a shift toward greater seller leverage in every sector compared to Q4 2012.
The quarterly report aims to evaluate market conditions for businesses being sold in Main Street
Following a disappointing year in 2013 there are increasing signs that the German private equity market could see a significant upturn in the months ahead.
Relevant indicators include good business prospects, moderate company valuations and a significant improvement in the options for using capital leverage.
Those are the key findings of the latest private equity panel survey, which is conducted three times a year by CMS Hasche Sigle and FINANCE magazine. Some 40 private equity (PE) firms provide anonymous assessments of the market for the survey.
The key driver for the increasing competitiveness of PE investors in M&A
National private equity firm Lariat Partners has formed Ecoserv, an integrated environmental cleaning and waste disposal provider, by merging Newpark Environmental Services with Offshore Cleaning Systems (OCS).
Kenny DesOrmeaux, founder and CEO of Los Angeles-based OCS, will become CEO of Ecoserv, which will be headquartered in Lafayette, LA and operate out of 14 locations throughout the Gulf Coast and Permian Basin of West Texas.
"Ecoserv uses applied science to provide the safest and most environmentally friendly way of managing oilfield refuse. By combining the efforts of these two industry innovators, we have the scale, breadth, and capabilities to offer
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