Deals
Tiger Bay Advisors, a provider of consulting and business process outsourcing (BPO) services to asset managers, has completed its acquisition of Gramercy Park Advisors, a boutique strategic advisory firm focused on the asset management industry.
The combination marks a new type of firm within the industry – one with the means to increase a business’ value by both improving operational efficiency and providing long-term strategic advice.
The combined firm will help clients align day-to-day operational goals with the longer-term goals of accelerating growth, increasing enterprise value and ultimately monetizing favourably. This is based on the belief that a
Omnes Capital, formerly Crédit Agricole Private Equity, is investing EUR15m in the Eratome group, a social housing renovation specialist, as part of a primary LBO alongside founder, chairman and chief executive officer Jean-Michel Nucera, the company’s managers and FSI Régions – bpifrance.
Founded in 1991 by Nucera, the Eratome group is a leading player in the buildings repair and maintenance market and in social housing renovation and refurbishment. As a multi-specialist, the Eratome group has expertise in all trades (plumbing, painting and decorating, electricity and wiring, floor coverings, carpentry, etc.). It has a 10 per cent market share of the
Private equity firm Nautic Partners has partnered with management to acquire Applied Consultants, a provider of inspection services to the oil and gas pipeline infrastructure industry.
Applied was founded in 1991 and is headquartered in Longview, Texas.
Applied offers an array of inspection services on pipelines, compressor stations and processing facilities used in midstream oil and gas energy transport. Major oil and gas midstream companies use Applied’s inspection services to ensure that pipeline infrastructure is constructed in accordance with high-quality standards and procedures.
Today, the company has over 450 inspectors working with clients in states across the
In the first half of 2013, 17 Israeli private equity deals attracted USD939m, a decrease of 48 per cent from USD1.8bn attracted in 26 deals in H1/2012, according to the latest quarterly survey by IVC and GKH.
The largest transaction was the USD500m buyout of tire manufacturer Alliance Tire Company by KKR, a foreign private equity fund. The average deal in H1/2013 was valued at USD55m, compared to USD69m in H1/2012.
In Q2/2013, nine Israeli private equity transactions were valued at USD722m, compared with just USD217m invested in eight deals in Q1/2013. Second quarter activity, however, was down
BV Investment Partners has completed a recapitalisation of The Efficient Collaborative Retail Marketing Company (ECRM), an integrated marketing services, software and data provider serving consumer product manufacturers and retailers.
The investment in ECRM will make BV the majority shareholder and is being done in partnership with ECRM’s founding family and Greg Farrar, the incoming chief executive.
ECRM was founded in 1994 and is headquartered in Solon, Ohio. ECRM lends efficiency to the buying and selling process between consumer product manufacturers and retailers by operating a portfolio of highly focused, technology-enabled purchasing events. These events are enabled by ECRM’s proprietary, mobile-optimised
After an explosion in internet-related investment activity in Europe in 2012, activity in the first half of 2013 fell temporarily by one third versus the same period last year as investors temporarily paused for breath, according to analysis by Magister Advisors, an M&A advisory firm to the technology industry.
The analysis is confined to investments with a meaningful value of USD10m or more. During the entire period however, the average investment value held firm at USD29m. All signs point to a resumption of significant internet activity later in 2013, as VCs position themselves to invest actively again in the sector.
The US wireless industry promises to get more interesting – and much more competitive – with the expected closing on 10 July of SoftBank’s USD21.6bn acquisition of Sprint Nextel, and Sprint’s purchase of spectrum-rich Clearwire.
Law firm Morrison & Foerster has been advising SoftBank in both the Sprint and Clearwire transactions, which were cleared by the FCC just before the 4 July holiday.
In addition to handling the M&A assignment, MoFo was litigation and antitrust counsel to SoftBank and worked on other aspects of both transactions. In the process, MoFo helped SoftBank prevail over DISH Network, which had
August Equity has completed an investment in Minerva Education, the first investment through its new fund, August Equity Partners III.
Minerva consists of Eaton Square School Group (ESS) and Ravenstone School.
ESS, founded in 1981, is a highly sought after London-based schools group with sites in Chelsea, Pimlico, Belgravia and Knightsbridge. ESS currently has over 650 pupils on roll and has recently completed buildings works to enhance capacity across the group.
Ravenstone, founded in 2007, offers pre-prep and prep education from two excellent locations in South Kensington and Marble Arch. The schools have over 100 pupils on roll
Rising valuations and an improving house building industry followed by a recovery in construction will see the number of deals in the building products sector increase in the coming years, according to accountancy and business advisory firm BDO.
In its report, Rebuilding for the future, which analysed 375 transactions in the sector since 2008, it found that dealflow in 2012 was 65 per cent higher compared to 2010, a low point for the sector, and that the trend was set to continue.
Distressed acquisitions have become commonplace in the past few years. This has been consistent with increasing
US venture capital firms raised USD2.9bn from 44 funds during the second quarter of 2013, a decrease of 33 per cent compared to the level of dollar commitments raised during the first quarter of 2013 but equal to the number of funds, according to Thomson Reuters and the National Venture Capital Association (NVCA).
The dollar commitments raised during the second quarter of 2013 is a 54 per cent decline from the levels raised during the comparable period in 2012 and marks the lowest quarter for venture capital fundraising, by dollars, since the third quarter of 2011.
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