Deals
Falconhead Capital, a private equity firm specialising in growing sports and consumer-focused businesses, has sold its portfolio company NYDJ Apparel to Crestview Partners and Maybrook Capital Partners.
Financial terms of the transaction have not been disclosed.
Headquartered in Vernon, California, NYDJ offers a range of products to women. Under Falconhead's ownership, the company expanded in both domestic and international markets, entered the market for tops (shirts, blouses and other items) and began to sell merchandise through its website. Today, NYDJ is the top-selling women's denim brand in US department stores.
David S Moross, chairman and chief executive officer
Keensight Capital has acquired a majority stake in Smile, a European open source solutions specialist, alongside the firm’s management and its historic investor, Edmond de Rothschild Investment Partners.
Founded 20 years ago, Smile has become over the last ten years a key player in the open source market in Europe, with a full range of integration services for any type of company or administration.
With a sustained annual growth of 25 per cent on average over the last five years, it has achieved a turnover of around EUR50m in 2013 and currently has more than 700 employees spread out over
Mid-market private debt manager Beechbrook Capital has completed two new mezzanine loans through its second fund, Beechbrook Mezzanine II, as well as its first exit from Beechbrook Mezzanine I.
The two new investments are a mezzanine loan to Simply Biz, a business that provides compliance and business support to over 5,000 financial advisers throughout the UK, and a mezzanine loan to N-Sea, an integrated subsea infrastructure services provider and portfolio company of Dutch sponsor Value Enhancement Partners.
Simply Biz was seeking finance to make a corporate acquisition in order to expand its range of products and services. N-Sea was
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,”
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