Deals
ISIS Equity Partners has sold Kafevend to Eden Springs in a deal advised by Clearwater Corporate Finance.
Formed in 1992, Kafevend is one of the fastest growing workplace vending suppliers in the UK. The business supplies hot drinks, coffee vending machines, water and snack vending machines to SMEs and corporates across the UK from its headquarters in Crawley and offices in London, Epping, Bristol, Manchester and Scotland.
Turnover in 2013 was GBP20m and the business currently employs approximately 100 people.
ISIS invested in Kafevend, on behalf of its clients the Baronsmead VCTs, in October 2005 to fund an
Cox Enterprises has acquired Providence Equity's 25 per cent equity interest in AutoTrader Group.
Cox now holds a 98 per cent stake in AutoTrader Group, with the remainder being held by current and former employees.
Financial terms of the transaction were not disclosed.
"With more than 32 million monthly visitors to our industry-leading sites AutoTrader.com and KBB.com, AutoTrader Group continues to grow as a trusted and valued online automotive resource for customers across the nation. Our portfolio of media advertising and software products serves more than 27,000 dealer relationships, and we are confident we will continue to
Private equity investments in India have increased 12 per cent in value terms from USD9.5bn in 2012 to USD10.68bn in 2013, according to data released by VCCEdge, financial data platform of VCCircle.com.
Deal volume on the other hand dipped 13 per cent to 655 deals from 751 deals in 2012, VCCEdge data shows.
"This shows private equity investors have been investing larger monies in fewer companies in 2013, an indication of winning companies attracting larger capital," says Sahad PV, founder and editor, VCCircle.com. "PE investors have been choosy."
Financials, consumer discretionary, and information technology were the most targeted
Bowmark Capital, the mid-market private equity firm, has held a first and final closing of its new fund, Bowmark Capital Partners V, having raised GBP375m in just 10 weeks since its launch in October last year.
Despite being restricted to Bowmark’s existing relationships, the new fund attracted investor demand significantly in excess of its GBP375m cap, with approximately 90 per cent of the capital coming from investors in previous funds.
Bowmark Capital Partners V has 22 investors, with 49 per cent of the capital coming from Continental Europe, 34 per cent from North America, eight per cent from the
The private equity industry has raised the largest amount of capital from investors in any year since the start of the financial crisis in 2008, according to data from PEI.
Some 580 funds have collected a total of USD356bn in 2013, with just over USD80bn being raised by 119 funds in the final quarter.
The previous highest annual total for funds raised since 2008 was in 2012, when just over USD300bn was collected.
UK funds in particular have had a successful 2013. Fifty two funds collected an aggregate USD58.6bn, trumping the most recent high of USD55.7bn raised in
Grosvenor Capital Management and its affiliates have acquired Customized Fund Investment Group (CFIG) from Credit Suisse Group AG.
The combined business, with more than USD44bn in assets under management and over 375 professionals, will be one of the largest of its kind in the world.
"We are very pleased to complete our acquisition of CFIG. We are confident that the transaction fundamentally strengthens our platform and makes us a more valuable partner for our clients," says Michael Sacks, chief executive officer of Grosvenor. "Together, we will offer clients the ability to access the entire alternative investments landscape. And importantly,
Eurasia Capital and Mandalay Capital have completed an equity capital raising for Silk Road Ventures for gross proceeds of CAD5m.
Eurasia Capital and Mandalay Capital have acted as financial advisors and joint placement agents with the regards to this transaction. Both firms are retained to advise Silk Road Ventures on planned larger equity placement to be completed in February 2014.
Silk Road Ventures intends to use the proceeds of this private placement to invest in high growth frontier markets in Mongolia, Myanmar and Mozambique.
“We are pleased to assist Silk Road Ventures in this equity financing transaction,”
High Road Capital Partners’ portfolio company Accurate Components & Fasteners has completed the acquisition of All Tool Sales.
Based in Franksville, Wisconsin, All Tool Sales operates through two divisions: All Fasteners, a distributor of industrial fasteners used by original-equipment manufacturers; and All Tool Sales, a distributor of cutting tools and industrial supplies.
“All Tool Sales has a strong reputation for high-quality products and consultative services through its vendor-managed inventory programmes,” says Benjamin A Schnakenberg, High Road partner. “This acquisition expands our footprint and solidifies Accurate’s position as a leading provider of industrial fasteners and other industrial supplies to manufacturers
Ares Capital has acquired a diversified middle-market corporate loan portfolio managed by a global banking institution for approximately USD319m.
The portfolio is primarily comprised of first lien senior loans, and to a lesser extent, second lien loans and small equity co-investments.
The portfolio is comprised of 32 investments in 23 portfolio companies in industries that are generally similar to those in Ares Capital’s portfolio.
“As the banking industry faces increasing regulatory restrictions, we are seeing more opportunities such as this to purchase high-quality, middle-market loan portfolios from financial institutions where we see potential to create value,” says Michael
Oakley Capital Corporate Finance has advised on the sale of cloud services provider e-know.net to Nasstar to create a significant new quoted cloud hosting and applications business.
Nasstar has announced the proposed acquisition of Denara, the holding company of e-know.net, for an equity consideration of GBP13m. Oakley is advising Denara on the transaction.
e-know.net provides a comprehensive cloud services package, offering hosted desktop and hosted exchange services, with the ability to host a wide variety of software applications on behalf of clients, as well as providing hosted telephony and managed data network services. e-know.net has high recurring revenues and
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
