Deals
The joint private equity fund Mir Capital set up by Gazprombank and Intesa Sanpaolo has acquired a non-controlling stake in Lima Corporate Group from IMI Investimenti.
Mir Capital will join Ardian (formerly known as AXA Private Equity), the company’s main shareholder, and IMI Investimenti.
Lima Corporate designs, produces and distributes orthopaedic devices. The company is headquartered in Villanova di San Daniele (Udine -Italy) and ranks among the top ten in its field globally. It operates in 25 countries and has a diversified customer base with a strong sales network. Today, Lima’s global business lines include over 9,000 product
Terry Hunter, chief executive of Tryzens, and his senior management team have completed the acquisition of the digital solutions provider from its parent company Jaywing with backing from Scottish Equity Partners (SEP).
UK-based Tryzens, which also has offices in Bulgaria and India, is one of Europe’s leading providers of digital retail solutions. The company provides technology around digital design, development, delivery, integration and strategy. Tryzens helps businesses increase sales, enhance customer experience, ensure site performance and stay ahead of competitors.
The company has over 200 staff and blue-chip clients including Dunelm Mill, JD Sports Fashion Group, Tesco, Austin
A consortium of the Russian Direct Investment Fund (RDIF), Titan International and One Equity Partners have completed the acquisition of Russian agricultural and industrial tyre manufacturer OJSC Voltyre-Prom from Cordiant.
Under Cordiant’s management OJSC Voltyre-Prom has developed its production base, updating production processes through the introduction of new technology and establishing quality control procedures. This has underpinned the expansion of the company’s product portfolio and streamlined business operations.
Titan International plans further modernization at Voltyre-Prom to allow further growth in the production of tires for international and domestic modern agricultural machinery. This will reduce Russia’s reliance on imports
MongoDB has secured USD150m in financing led by a financial services company and certain funds and accounts advised by T Rowe Price Associates, with additional new investors Altimeter Capital and salesforce.com.
The round includes participation from existing investors Intel Capital, NEA, Red Hat and Sequoia Capital.
With more than USD231m in total investment since the company’s inception in 2007, MongoDB is now the best-funded Big Data technology. MongoDB’s financing marks the largest single funding round for any database vendor, NoSQL or otherwise.
The company will use these funds to further invest in the core MongoDB project as
Jarden Corporation has completed its acquisition of Yankee Candle Investments from a fund managed by Madison Dearborn Partners for approximately USD1.75bn in cash.
Pro forma for the transaction, Jarden would have had net sales and adjusted EBITDA of approximately USD7.7bn and USD1.0bn, respectively, for the 12 months ended 30 June 2013.
Jarden also closed today on its incremental USD750m senior secured term loan B-1 facility, which matures in 2020.
Jarden funded the transaction with the proceeds from its recently completed common stock offering, proceeds from the aforementioned term loan, and cash on hand.
Martin E Franklin,
Private equity firm Catterton Partners has completed the sale of Mid-Atlantic Convenience Stores (MACS), a convenience store operator in Maryland and Virginia, to an affiliate of Sunoco.
Sunoco, which has a long history in the retail business with a network of almost 5,000 sites, will operate the MACS business. Terms of the transaction have not been disclosed.
Since investing in MACS in 2010, Catterton has helped it to become a leading development platform in the convenience store space. Over this period, MACS has been able to drive significant operational retail improvements at its convenience stores, including unifying store brands,
Protein Bar, a casual restaurant chain specialising in healthy, on-the-go options, has secured a capital investment by private equity firm Catterton Partners.
The investment will be used to foster the expansion of the Protein Bar concept across the US. Terms of the transaction were not disclosed.
Protein Bar offers high-quality, healthy food in a modern and hip fast-casual environment. Known for its "Bar-ritos", quinoa bowls, salads and protein drinks, Protein Bar provides its guests with craveable food that is good for them, in a manner and speed that is in tune with their busy lifestyles. Protein Bar was founded
Aviva Investors has completed the acquisition of EUR84.5m in privately placed senior secured notes issued by Reggefiber, the Dutch telecommunications infrastructure provider.
The transaction refinances a short-term construction bridge facility provided by ABN AMRO and provides long term capital for Reggefiber to facilitate the continued expansion of its Fiber-to-the-Home (FttH) networks. This marks the first investment for the Aviva Investors European Secondary Infrastructure Credit SV (Securitisation Vehicle), which launched in July 2013.
This is Reggefiber’s first capital markets transaction, having previously obtained debt financing via project finance facilities in the banking market. The transaction comprises a fixed-rate tranche
Livingstone’s IT services team has advised the shareholders of Backup Technology on the sale of the business to iomart Group for GBP23m, a 9.6x multiple of historic EBITDA.
Backup Technology is a provider of managed data backup and disaster recovery services to SMEs and large corporates. Using software from Canadian developer Asigra, the business protects over 10 petabytes of data for over 200 customers, including household names such as the British Red Cross, Siemens, Pernod Ricard and Liverpool FC.
iomart is one of Europe’s largest providers of cloud computing services, serving in excess of 300,000 customers through several
The capital markets continued to demonstrate strong momentum in Q3 2013 as the volume of new public listings matched the previous quarter and exceeded the third quarter of 2012, according to IPO Watch.
The quarterly survey of IPOs listed on US stock exchanges by PwC US also reveals that overall IPO volume for the first nine months of 2013 has already surpassed overall volume for all of 2012, while the high yield market saw USD255bn of issuances, exceeding 2012 issuances through three quarters.
There were a total of 63 IPOs in the third quarter of 2013, consistent with
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