Deals
Digital music provider I Like Music is on a recruitment drive after securing a GBP700,000 growth capital deal as part of Santander’s Breakthrough programme.
The Richmond-based company, which supplies music to businesses including the BBC and Funky Pigeon, is looking to recruit an additional 10 staff to boost its sales and account management teams to launch a host of new services.
I Like Music owns the physical music collection created over 55 years by Gold Badge and award winning radio producer Phil “The Collector” Swern. Swern, a director of I Like Music, continues to keep the collection updated
Solar market specialist Sungevity has secured USD15m in new equity financings, including an investment from venture capital firm GE Ventures.
The funding will be used to accelerate the company’s capital efficient growth initiatives with a primary focus on the development of new service offerings that will diversify Sungevity’s business and grow the company’s global footprint.
The new funding follows an announcement by Sungevity in January that it had secured USD125m in combined venture capital and project financing.
The company currently services nine US states including Arizona, California, Colorado, Connecticut, Delaware, Maryland, Massachusetts, New Jersey and New York. The
Irving Place Capital and funds managed by Oaktree Capital Management have entered into a definitive agreement to sell their ownership interests in Chesapeake to The Carlyle Group.
Chesapeake is a supplier of specialty paperboard packaging, including folding cartons, leaflets and labels, for the pharmaceutical, confectionary, and premium drinks markets. Founded in 1918, Chesapeake is headquartered in Nottingham, UK and serves a blue-chip customer base from 38 sites located throughout the UK, continental Europe, the US and Asia.
Irving Place Capital and Oaktree Capital completed the acquisition and recapitalisation of Chesapeake in May 2009, supporting the transition from a
AVT, a specialist in automated retailing systems, customised kiosks and self service stores, has settled trade payables of approximately USD1.1m in exchange for the issuance of shares of its common stock to Ironridge Consumer Co, a division of Ironridge Global IV.
The capital will be used to build company-owned automated retailing systems, which will be rapidly deployed and will create recurring revenue streams for AVT.
One of AVT’s business goals for 2013 was to produce more company-owned systems, and derive ongoing revenues from these systems. While AVT’s core business continues to be the design and manufacturing of self-service
Los Angeles-based private equity firm CounterPoint Capital Partners has completed its third acquisition in as many months with the recent addition of The Bradshaw Group into its platform company, Parts Now. Financial terms have not been disclosed.
Founded in 1990, The Bradshaw Group is a distributor of desktop laser and production printer parts and supplies. It is also the only production print distributor with direct IBM/InfoPrint, Océ and HP relationships. Combined with the closings of Sunrise Fishing in April and West Bay Marketing in May, CounterPoint’s June acquisition of The Bradshaw Group marks the firm’s third acquisition in what has proven
Acquisitions are currently high on the agenda in many German M&A departments – companies are showing increasing confidence in the mergers and acquisitions market and relying on their own liquidity to finance transactions.
In contrast, bankers and advisers in the market are working primarily on sales at present. Both groups view market consolidation as an increasingly important deal driver.
Those are the key findings of the survey of the M&A panel II 2013, polled now for the eighth time by CMS Hasche Sigle and FINANCE magazine. The heads of the M&A departments at German companies plus leading investment
Venture capital investor Albion Ventures is in the process of disposing its investment in Opta following the conditional sale of the company to Perform Group for GBP40m.
Opta is a provider of sports data and analysis. Formed in 1996, the company uses proprietary technology to collect and analyse statistical data for a range of sports. Its technology has become a staple for a variety of media and professional organisations allowing for more innovative broadcast coverage and more intelligent professional analysis. Opta services over 300 customers in 40 countries globally.
Perform Group is a digital sports media group. It has
Private equity firm Avista Capital Partners is to acquire Zest Anchors from The Jordan Company.
Zest is a designer and manufacturer of LOCATOR branded overdenture abutment solutions used in the treatment of edentulous patients. Terms of the transaction were not disclosed.
Sriram Venkataraman, partner at Avista, says: “The technological differentiation and brand power of Zest’s core LOCATOR portfolio provide a strong foundation for growth. Zest is well positioned to continue delivering valuable innovation to the dental community. Steve Schiess and the Zest team have created a market leading business, and we look forward to working together to drive
Patron Capital Partners has acquired a 20,000 square metre office complex in Malakoff, an emerging district in the south of Paris, from a subsidiary of one of the funds managed by Centuria Capital on behalf of one of its historical clients.
The building is fully let to a single tenant with an unexpired lease term of around six years. The acquisition was undertaken in a joint venture with Cleaveland Asset Management, Patron’s existing asset management partner.
Senior debt financing for the transaction was secured from an alternative lender, ACOFI Loan Management Services, a debt fund focusing on senior
Steinway Musical Instruments is to be acquired by an affiliate of private equity firm Kohlberg & Company in a transaction valued at approximately USD438m.
Upon the completion of the transaction, the Steinway will become a privately held company.
Under the terms of the agreement, an affiliate of Kohlberg will commence a tender offer to acquire all of the outstanding shares of the company’s common stock for USD35.00 per share in cash, representing a premium of 33 per cent based on the average closing price of the company’s common shares during the 90 trading days ended 28 June and
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
