Deals
Cinven portfolio company Host Europe Group has acquired Telefónica Germany Online Services (TOS), a subsidiary of Telefónica Deutschland, for an undisclosed consideration.
This acquisition will further strengthen Host Europe’s position as a leading provider of enterprise hosting solutions to small and medium-sized enterprises, and enable the company to deliver highly technical solutions to its client base.
Thomas Vollrath, chief executive of Host Europe Group, says: “We are excited to welcome TOS to our group portfolio. Combining TOS’ significant high-end hosting expertise with our cloud and mass hosting capabilities will mean we are better placed than ever to deliver
Kreditech has obtained funding from Europe’s largest growth debt provider Kreos Capital, securing a credit line of up to USD7m.
The funding has been obtained from the Kreos Capital IV growth debt fund, which recently held its final close at USD320m. Besides Kreditech, other high-growth companies which have received funding include Openet, Heptagon, Westwing, and Solaredge.
“We are successively moving to debt as the appropriate source of capital for refinancing our loan book,” says Sebastian Diemer, chief executive of Kreditech. “This is a breakthrough innovation in a previously equity-financed business. It will be the foundation for further innovation
The voluntary public tender offer for Kabel Deutschland submitted by Vodafone on 30 July 2013 has met the required 75 per cent minimum acceptance condition.
Vodafone will publish the final acceptance ratio on 16 September 2013.
The consummation of the takeover remains subject to antitrust approval.
A further two-week extended acceptance period follows according to the German Securities Acquisition and Takeover Act. Kabel Deutschland shareholders who have not yet accepted the offer can tender their shares between 17 September 2013 and midnight (CET) on 30 September 2013.
Vodafone’s offer values Kabel Deutschland at EUR87 per share.
EMIS Group has conditionally agreed to acquire Ascribe Group, a software and IT services provider to the UK’s secondary healthcare market, from ECI Partners and certain other vendors for an initial enterprise value of GBP57.5m.
Ascribe was taken private by ECI from the AIM market in January 2009 in a GBP33m public to private transaction. This deal provides an initial consideration of GBP57.5m with further monies due contingent on short term performance. From the initial cash consideration alone, ECI has yielded a 2.1x return on its investment.
As part of this transaction, Numis Securities has placed 4,400,000 new
The Russian Direct Investment Fund (RDIF) and Abu-Dhabi’s department of finance have created a partnership for investing in Russian infrastructure projects and developing cross-border investment cooperation between the countries.
Under the agreement Abu-Dhabi’s department of finance will invest up to USD5bn in the partnership.
When implementing investments, the parties will be guided by the principle of obtaining the attractive returns on invested capital.
It is expected that partnership will officially be formed by the end of 2013.
Kirill Dmitriev, chief executive, RDIF, says: “We are pleased to welcome our partners from Abu Dhabi’s department of finance.
Confluence, a provider of data management solutions, has acquired Data Agent, a provider of alternative investment industry data management and reporting solutions.
Already a provider of Form PF and Form CPO-PQR reporting solutions, Data Agent brings the experience and expertise to position Confluence to provide a data management and automated solution to solve the complex regulatory reporting demands of the Alternative Investment Management Fund Directive (AIFMD).
Confluence made the announcement as the company debuts its Unity NXT AIFMD Transparency Reporting solution at the ALFI Global Distribution Conference 2013 in Luxembourg.
Like Confluence, Data Agent delivers value to
EMW, the commercial law firm, has advised Whitworths senior management on the offer to them to subscribe for employee shareholder shares.
EMW says that the deal is believed to be one of the first deals to take advantage of the new employee shareholder status which became available from 1 September.
Under the terms of the deal, the senior management team are being offered equity in Whitworths, which will (subject to certain conditions being met) be exempt from capital gains tax, making the shares more attractive to employees.
Ian Morris, the EMW principal who led the deal for
Nova Capital has acquired a portfolio of businesses within Newell Rubbermaid’s hardware group in North America for USD214m.
The acquisition was announced on 9 August and includes five home improvement and hardware brands: Amerock, Ashland, Bulldog, Drapery Hardware and Shur-Line.
The acquisition was funded through a newly established fund with equity provided by its limited partners, including Nova and secondary funds managed by HarbourVest Partners and Landmark Partners.
“Nova is committed to targeted investment in these businesses to drive future growth. Our proven track record of combining operational and financial expertise is well established and has consistently
DW Healthcare Partners (DWHP), a healthcare-focused private equity firm with offices in Toronto, Ontario and Park City, Utah, has sold portfolio company St Andrews Acquisitions.
St Andrews has been sold to Bregal Partners, a private investment firm that operates as the investment arm for Cofra Holding, a European family holding company. Cain Brothers was retained by St. Andrews to lead the sale process.
St Andrews provides community-based residential and behavioural services and support to adults and children with intellectual and developmental disabilities. DWHP purchased a majority interest in St Andrews six years ago. Through a strategic growth and
Black Diamond Capital Management has acquired TFL, a provider of specialty chemicals for the leather industry.
TFL is the only company providing a full range of solutions to its customers covering every step of the leather production process.
"This transaction allows us to move forward seamlessly to continue to offer our customers first-rate products, solutions and technical support, while at the same time providing us with the opportunity to become the preferred supplier," says Eugen Katzenstein, co-chief executive of TFL. "It also allows us to continue to bring to market new ideas and innovative concepts with our extensive
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
