Deals
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
International group BOS has acquired automotive supplier etm (engineering technologie marketing GmbH).
Subject to approval from the competition authorities, the Schönbrunn site and employees will become part of BOS, which currently has 17 facilities worldwide.
Going forward, etm will continue to be managed and developed as an independent firm. The purchase price was not disclosed.
A team from CMS Hasche Sigle led by lead partner Dr Jörg Lips advised etm on all legal aspects of the sale.
Family-owned BOS has sites in Europe, North America and Asia and has been developing, manufacturing and selling systems and components
An affiliate of private equity firm Warburg Pincus has invested USD32m in Specialists On Call to fund future growth initiatives.
Established in 2007, SOC is a provider of specialty physician services that provides on-call coverage to suburban and urban acute-care hospitals via videoconferencing, a USD3bn addressable market.
The company delivers teleconsultations by its physicians that improve patient care and increase the financial and clinical strength of community hospitals.
SOC's method of care delivery is expected to expand the market for teleconsultations, address the shortage of specialty physicians for traditional on-call coverage, and help address the challenges faced by
Hy-Bon Engineering Company, a portfolio company of Pfingsten Partners, has been acquired by Regal Beloit Corporation (RBC).
Baird acted as the exclusive financial advisor to Hy-Bon on the transaction. Terms of the deal have not been disclosed.
Baird’s deal team was led by Joe Packee, managing director, who says: “As the US expands its energy production, there is a need to implement products and services that capture and ideally re-use the gases that are discharged as a part of this production and related storage. With an increased focus on the economic benefits and the environmental and safety
UK online contact lens retailer GetLenses.co.uk has acquired Dutch online retailers Vision Direct and Lensbase, which sell contact lenses and prescription glasses to consumers in the Netherlands, Spain and the UK.
The acquisition was financed by a new funding round led by existing shareholder Octopus Investments and included Fidelity Worldwide Investments, Hargreave Hale and Artemis Investment Management.
The combined entity is expected to generate revenues of over EUR30m in 2014.
GetLenses is the largest online contact lens retailer in the UK, offering competitive prices and next-day delivery on an extensive range of prescription contact lenses. In addition to
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
