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Deals

Funds managed/advised by Hutton Collins Partners are to acquire Byron Hamburgers, the UK burger restaurant chain, for a consideration of GBP100m. Byron was founded by The Gondola Group in 2007 with a proposition based around a simple menu of classic hamburgers. Its restaurants are individually tailored to each particular property, locality and customer audience.    In six years, Byron has grown to 34 sites. Primarily focused on London, Byron has now expanded beyond the capital with strong openings being achieved in a number of key regional cities.   Byron’s management team, led by Tom Byng, will remain with the business.
Albion Ventures has invested GBP9.3m in partnership with Perth-based developer Green Highland Renewables (GHR) to fund the development of a single 2MW hydropower scheme on the Allt A’Chonais, close to Loch Carron in the Scottish Highlands. The scheme will benefit from the Feed-in-Tariff regime and it is expected to generate its first electricity in Q1 2015. The installation is forecast to generate an average 7GWh of electricity per year, enough to power up to 2,000 households.   This investment is Albion’s 11th investment into renewable energy and second investment into a hydroelectric scheme.   Christoph Ruedig, investment director at Albion
Henry Kravis, co-founder, KKR
KKR & Co is to acquire Avoca Capital, a European credit investment manager with approximately USD8bn in assets under management. Financial terms of the transaction have not been disclosed.   Founded in 2002, Avoca is an investment firm specialising in the European leveraged credit markets. Avoca invests across five strategies – European loans and bonds, credit opportunities, long/short credit, convertible bonds and structured and illiquid credit. The Avoca platform has experienced strong inflows in recent years as institutional investors seek access to credit asset classes with a focus on attractive returns and downside protection.   Henry Kravis (pictured) and George
Russia-China Investment Fund (RCIF) has completed the acquisition of a 42% stake in RFP Group (Russian forest products group). RCIF’s investment in the company will support the construction of the “Centre for deep wood processing”, the biggest in the region.   The investment by RCIF supports the company’s strategy to further develop high value-added wood processing. The company recently commenced operations of a new manufacturing facility with production of premium larch veneer for the Japanese and Chinese markets. Furthermore, the company will utilize financing from shareholders, as well as debt financing, to construct a sawnwood plant scheduled to launch in
International Fiber Corporation has acquired Fibred, a provider of premium soy fibre products for numerous food end-markets, its first acquisition since being acquired by private equity firm Arsenal Capital in August. Founded in 1898 and headquartered in Cumberland, Maryland, Fibred manufactures dietary soy fibre sold globally for use in baked goods, meats, cereal, dairy products, health foods, and many other applications. The acquisition builds on IFC's industry leading position in insoluble fibre products, and adds significant breadth to IFC's product offering and manufacturing capabilities through Fibred's unique "wet" process. Fibred's flagship product is sold under the trade name FI-1 Soy
Private equity firm ClearLight Partners has acquired a significant ownership interest in Planet Fitness franchisee, Taymax Fitness, a leading health club operator in Texas and Tennessee. Planet Fitness is the fastest-growing full size health club franchise in the US, and provides its members with an unbeatable value and a relaxed Judgment Free atmosphere that allows them the opportunity to pursue an active, healthy lifestyle without being judged by others. Financial terms of the transaction have not been disclosed. Kyle Nagel, CEO of Taymax, says: “We are excited to have ClearLight Partners joining our team as we enter the next phase
Henry Kravis, co-founder, KKR
Funds advised or controlled by Kohlberg Kravis Roberts & Co (KKR) are acquiring the SBB/Telemach Group from Mid Europa Partners. The executive management team led by founder Dragan Šolak will remain in place and retain a substantial stake in SBB/Telemach Group. Financial terms of the transaction have not been disclosed. SBB/Telemach Group is the leading Pay-TV (cable, DTH) and broadband operator in South-East Europe , with a population of over 20m in SBB/Telemach Group’s current operating perimeter. SBB/Telemach Group operates in Serbia, Slovenia, Bosnia, Croatia, Montenegro and Macedonia and has around 1.7 million cable and satellite TV, broadband, fixed and
Luxembourg
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

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