Deals
Deal flows in emerging Europe mergers and acquisitions are expected to increase in 2014, according to the Emerging Europe: M&A Report 2013/14 by law firm CMS and DealWatch.
M&A activity in emerging Europe in 2013 essentially remained flat in terms of deal volume and showed a moderate decline in deal value, falling from EUR138bn in 2012 to EUR112bn in 2013.
Last year the number of announced deals with a value above EUR1m dropped by two per cent to a total of 2,555 transactions. The most active sector by deal number in 2013 was services, with 484 deals representing 19
Gladstone Investment Corporation has invested USD13m in a combination of debt and equity to purchase Meridian Rack & Pinion, doing business as Buy Auto Parts.
Gladstone Investment, together with Digital Fuel Capital, a private equity firm focused on e-commerce and digital marketing, and Meridian's existing management team provided the capital in support of the acquisition of the business.
Jean-Pierre Gilbertz, the founder of Meridian, also continues to hold a sizeable stake in the company.
One of Gladstone Investment's affiliated companies, Gladstone Capital Corporation, also participated as a co-investor by providing USD5.6m of debt and equity financing on the
Affiliates of Roch Capital have acquired New Carbon Company, a provider of waffle and pancake mix to restaurants, hotels, colleges and other foodservice establishments, from PNC Riverarch.
The transaction also included investments by the New Carbon management team.
New Carbon was previously a portfolio company of PNC Riverarch Capital. Terms of the transaction were not disclosed.
Founded in 1937, New Carbon provides its Golden Malted brand waffle mix, along with waffle irons and related maintenance, to over 40,000 customer locations throughout North America and internationally. New Carbon’s customer base includes prominent national restaurant chains and lodging operators,
Evaneos, an online specialist for tailored travel, has closed a financing round of USD6m through XAnge Private Equity and founding investor ISAI.
The investment will be dedicated to the European growth of the French start-up, already established in France, Spain, Italy and Germany.
Doubling its volume of sales each year, Evaneos hopes to continue this significant growth and triple its workforce in the coming years.
Eric La Bonnardière, CEO of Evaneos.com, says: "XAnge's interest for Evaneos.com demonstrates the validity of the concept and business model we invented four years ago, along with the international growth perspectives that
An investment consortium led by Pembroke VCT, with support from Lepe Capital, has acquired specialist publishing and events group Boat International Media from August Equity.
Financial details of the deal have not been released but the purchase price is believed to be just in excess of GBP10m.
Pembroke is a venture capital trust, which specialises in investing in high growth consumer-facing businesses. Lepe Capital is a growth capital investor that specialises in media and consumer sectors. The consortium also includes several other private investors including Charles Dunstone and Tara Getty.
Boat International Media provides information and services across
August Equity’s portfolio company SecureData Europe has completed the acquisition of SensePost.
SensePost provides information security consultancy. It works with blue-chip global customers and is known for its expertise in training, security assessments, consultancy and security research.
The expertise added by the latest acquisition will enhance SecureData’s full service offering in the Assess, Detect, Protect and Respond pillars of its security services proposition. The acquisition also aids the development of ‘SecureData Labs’, a specialist service that will provide customers with cutting-edge research, relevant answers and new ways of fighting cyber threats.
Etienne Greeff, CEO at SecureData, says: “We
Michelson Diagnostics, the UK based medical device company focused on multi-beam Optical Coherence Tomography technology, has closed its Series A2 financing.
The round, which was oversubscribed, raised GBP1.98m (USD3.25m) from existing investors, led by Octopus Investments and supported by Catapult Venture Managers, London Business Angels and several business angels.
The funds will be used for several purposes including expanding VivoSight sales in Germany, where the system was launched in mid-2011 and where it is reimbursed for use in the diagnosis of non-melanoma skin cancer (NMSC), the commonest skin malignancy. The company will also invest further in the development of a compact, more portable second generation VivoSight System with an anticipated lower cost of
Private equity and alternative asset manager Maven Capital Partners has invested GBP3.5m into Carlisle-based tyre manufacturer DMACK to fund the next stage of expansion for the business.
DMACK designs and produces high performance tyres for the worldwide automotive market, specialising to date in the motorsport sector.
Maven’s investment will allow the company to meet the demand for PCR (passenger car) tyres through investment in new tyre moulds to increase the range and quantity of tyres available as the business continues to scale up in size.
The transaction was completed by Maven’s Glasgow-based investment team of Julie Glenny and
HIG Capital’s portfolio company Infogix has completed the acquisition of Agilis International, a provider of predictive data analytics and reconciliation solutions focused primarily in the telecom and media sector.
Founded in 2003 in Rockville, Maryland, Agilis’ integrated data warehouse and analytics platform helps clients improve revenues and generate savings by deriving insight from large data sets to predict and optimise business outcomes.
A core application of Agilis is in risk management where the product offering prevents, predicts or identifies financial risks on a real-time basis. In addition, the company also provides predictive propensity scoring to allow companies to more
An affiliate of private equity firm Warburg Pincus has invested USD40m in ComplexCare Solutions, to fund future growth initiatives at the risk assessment and care management services provider.
ComplexCare's management team will continue to hold a significant interest in the company.
Since its founding in 2010, ComplexCare has developed into a fast-growing health services company in the USD1bn addressable market for outsourced risk assessment and care management services by providing in-home health risk assessments and care management services through a network of qualified interdisciplinary care teams. With an increasing demand from Medicare Advantage, Managed Long-Term Care, Managed Medicaid and
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