Deals
Citco Corporate & Trust has reached an agreement to acquire Société Européenne de Banque’s (SEB) Corporate Management Services business. SEB plans to focus on its core banking activities.
SEB is the Luxembourg establishment of Intesa Sanpaolo Banking Group, Italy’s leading banking group and one of the top banking groups in Europe. Given its solid book of clients and SEB’s reputation of hiring and retaining quality staff, acquiring the Business is a significant and strategic move for Citco.
The Corporate Management Services portfolio consists predominantly of Luxembourg-domiciled entities comprising largely of corporate clients that are active across a whole spectrum of
Private equity firm Aurora Capital Group has completed the previously announced sale of Mitchell International to KKR.
Aurora acquired Mitchell in March 2007 along with co-investors Norwest Equity Partners and GE Pension. Financial terms of the transaction have not been disclosed.
Josh Klinefelter, head of Aurora's Software & Information Services practice, says: "Aurora's strategy of identifying outstanding companies and partnering with strong management teams to accelerate growth and profitability is exemplified by the success of Mitchell International. Mitchell's management team, led by CEO Alex Sun, has done a fantastic job of enhancing the company's strategic position, and we wish them
Private equity firm LongueVue Capital (LVC) has invested both equity and mezzanine capital in Ascent Aviation Services Corporation (Ascent).
Ascent is a Federal Aviation Administration licensed provider of maintenance, repair, and overhaul (MRO) services for multiple platforms of narrow body aircraft.
Based in Tucson, Arizona, Ascent specializes in heavy maintenance, teardown, storage, and line maintenance services for small to mid-sized operators and leasing companies. Ascent has the capabilities to service the B737, B757, B727, MD-80, DC-9, A320 and CRJ families. The ASCENT facilities located at Tucson International Airport consist of 48 acres of concrete ramp, over 34,000 square feet of
Middle market private equity firm The Sterling Group has completed the sale of its portfolio company, Stackpole International, to funds managed by Crestview Partners.
Sterling had acquired Stackpole through a corporate carve-out from Tomkins in August 2011.
Stackpole was an investment in Sterling's third fund, an USD820 million fund raised in 2010. The sale returns a significant portion of all called capital and fees to Fund III. Terms of the transaction were not disclosed.
Headquartered in Ancaster, Ontario, Stackpole is a manufacturer and supplier of highly engineered oil-pumps and powdered metal components to automotive original equipment manufacturers. EBITDA has
Palatine Private Equity has backed the secondary management buyout of social housing contractor Forrest, investing GBP16million for a significant minority stake.
The deal is Palatine’s fourth investment from its second Fund, which achieved a final close of GBP150million in June this year. The transaction sees private equity firm LDC achieve a partial exit, but leaves Palatine and LDC with a combined majority stake in the business.
Bolton-based Forrest is a leading provider of essential refurbishment and responsive maintenance services to the social housing market in the North of England. Over the last three years Forrest has established a renewables
The Russian Direct Investment Fund (RDIF) and Deutsche Bank have made a joint investment in Russia’s largest telecommunications company, Rostelecom.
The two parties will invest a total of USD237.1m on a parity basis, which will be used to further develop and strengthen the company’s market position. The transaction has received the necessary approval from Rostelecom, as well as the governing bodies of RDIF and Deutsche Bank.
As a result of the deal, the two investors will purchase 72,187,366 Rostelecom ordinary shares from its subsidiary company MOBITEL. The structure of the deal also contains agreements relating to call and put options,
Platform Acquisition Holdings is to acquire MacDermid, a provider of high value-added specialty chemicals, for approximately USD1.8bn plus contingent consideration.
Platform will be renamed Platform Specialty Products Corporation (PSP). Following the close of the transaction, PSP expects to complete a listing of its shares on the New York Stock Exchange by the end of 2013.
Platform's shares and warrants have been suspended from trading on the London Stock Exchange and it is not expected that trading will resume. It is anticipated that Platform's listing of shares and warrants on the London Stock Exchange will be cancelled on or shortly after the
Bacchus Capital Management, a San Francisco-based private equity firm providing strategic capital in the wine industry, has exited its investment in Qupe, a California Central Coast wine producer.
The firm had provided a second lien loan to the winery, which was founded by Bob Lindquist, in March of 2011.
"Bob Lindquist is a leader and innovator in the wine industry," says Sam Bronfman, Bacchus Capital co-founder and managing partner. "I am sure his wines will continue to garner the accolades for which he is known, and we wish Bob much success going forward."
"Bob has been a terrific partner," says
Advent International has exited its investment in Oxea, one of the largest manufacturers of Oxo chemicals.
Oman Oil Company (OOC), a commercial company wholly owned by the Government of the Sultanate of Oman, will acquire Oxea to strengthen its position in the chemicals sector.
The acquisition is subject to antitrust approvals and satisfaction of other conditions. The purchase price has not been disclosed.
OOC supports the Sultanate’s economic development programme “Vision 2020” which is aimed at diversifying the economy across a variety of industrial and commercial activities in Oman and abroad while decreasing dependence on oil. With
Investment firm KKR is to acquire The Crosby Group and Acco Material Handling Solutions from Melrose Industries for approximately USD1.0bn.
With roots dating back to 1885, Crosby is a provider of highly engineered solutions for lifting and rigging applications across the oil and gas, construction, mining and industrial sectors. Headquartered in Tulsa, Oklahoma, Crosby has over 1,300 employees globally and is known for its iconic brands, including Crosby, McKissick, National and Lebus.
Acco, headquartered in York, Pennsylvania, has 130 employees and provides custom-built specialty material handling equipment, including a full line of hoists, industrial cranes, monorails, carts and
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
