Deals
AXA Private Equity has agreed to sell its majority stake in Outremer Telecom to Altice, the telecoms investment fund.
Jean-Michel Hegesippe, chief executive and founder of Outremer Telecom, and the management team will reinvest alongside Altice.
Founded in 1986, Outremer Telecom is an alternative telecoms operator in the French overseas regions. Through its brand Only, the group operates in two geographic areas: the Antilles and Guyana (Martinique, Guadeloupe and Guyana) and the Indian Ocean (La Réunion and Mayotte). Outremer Telecom provides fixed and mobile telephony, high speed internet access and video on demand to residential and professional customers. In
Arsenal Capital Partners has signed an agreement to acquire ADCO Global, a manufacturer of specialty adhesives, sealants and tapes.
ADCO Global is a portfolio company of Aurora Capital Group, a Los Angeles-based private equity firm. The transaction is subject to customary conditions to closing, including regulatory approval, and is expected to close during the third quarter of 2013.
Headquartered in Lincolnshire, Illinois, ADCO Global is a supplier of specialty adhesives, sealants, tapes, and coatings serving the construction, transportation, and industrial markets throughout the world. ADCO Global develops specialised solutions for insulating glass window, roofing, solar panel, wind, bus/trailer/RV,
Clearlake Capital Group has acquired Inventus, an electronic data discovery (EDD) solutions provider to law firms, Fortune 1000 corporations and government agencies.
Clearlake led the investment group, which included the Inventus management team and Cerca Group, a private investment firm based in New York City. Terms of the transaction were not disclosed.
Inventus is a national provider of end-to-end EDD services and solutions, offering efficient, customised workflows and best-of-breed technology to meet the specific needs of each of its clients.
Inventus will remain headquartered in Chicago and Trevor Campion will continue to lead the company as its chief executive
Electra Partners has acquired mixing console manufacturer Allen & Heath from D&M Holdings.
A total of GBP43m of equity and debt has been provided by Electra Private Equity and Allen & Heath’s management.
Founded in 1969, Allen & Heath designs and manufactures audio mixing consoles for live sound, such as concerts, theatres and houses of worship. Allen & Heath’s existing team and distribution networks will remain in place.
Alex Fortescue, chief investment partner at Electra Partners, says: "The ability to invest across the capital structure, in this case funding both the equity and debt instruments, is a
A company wholly owned by funds managed by The Carlyle Group is to acquire Marelli Motori from Melrose Industries.
The transaction will be effected by the sale of Marelli Overseas Limited, the holding company of Marelli Motori, and is expected to close in August 2013.
Capital for this investment will come from Carlyle Europe Partners III, a EUR5.3bn fund that makes mid- and large-cap investments.
Founded in 1891, Marelli Motori is one of the world’s largest manufacturers of industrial generators and electric motors, serving worldwide markets for power generation, marine, oil and gas and industrial manufacturing.
Mitsubishi UFJ Trust and Banking Corporation (MUTB) is to acquire alternative fund administrator Butterfield Fulcrum. Established in 1927, MUTB is a wholly owned subsidiary of Mitsubishi UFJ Financial Group (‘MUFG’), the fifth largest global bank holding company ranked by assets.
“We are delighted and honoured to become part of the MUFG family of financial companies,” says Glenn Henderson, CEO of Butterfield Fulcrum Group. “This acquisition will reinforce our ability to deliver the highest quality fund services to our clients, while significantly increasing our breadth of products and services, our geographic reach and our financial strength."
Butterfield Fulcrum will become
Kennet Partners, the technology growth investor, and Fidelity Growth Partners Europe (FGPE), the pan-European growth investor, have acquired Rivo Software, a software company based in Warwick, UK.
Rivo Software is a provider of environmental, health and safety, quality and loss prevention management software. Founded eight years ago, the company helps businesses manage compliance and business risk through its cloud-based software. The company’s products are used in 82 countries, in 32 languages by over 140,000 people. Clients include ABB, BP, Chevron, Crossrail, Siemens, Thames Water, Veolia, and many others.
Simultaneous with the acquisition, Kennet Partners and Fidelity Growth Partners
Apax Partners, Altamir, LBO France and Nixen have signed an exclusive agreement with Bain Capital for the sale of Maisons du Monde, a specialist home decoration and furniture retailer.
The transaction is expected to be completed in the coming weeks.
Apax Partners and LBO France acquired a majority stake in Maisons du Monde in April 2008 partnering with its founder and chief executive Xavier Marie, the company’s management team, and Nixen.
Over the course of the last five years, Apax Partners, LBO France and Nixen have backed the company’s growth strategy, executed by Marie and his team
Vertos Medical, a specialist in treatments for lumbar spinal stenosis (LSS), has closed a financing of almost USD23m.
The proceeds will be used to fund US commercial expansion and the launch of mild in European markets.
The financing was led by Pitango Venture Capital and joined by existing investors including ONSET Ventures, CHL Medical Partners, Foundation Medical Partners, Mercury Fund and Aweida Venture Partners.
"We are pleased to partner with Pitango, an experienced investor with global presence, and we are fortunate to have the ongoing commitment and confidence of our existing investors," says James Corbett, Vertos’ president
Personetics, a provider of predictive customer engagement solutions for the banking industry, has completed its series B funding of USD11.5m, led by Lightspeed Venture Partners with existing investors Sequoia Capital and Carmel Ventures.
This investment will be used to drive sales and scale operations to meet the growing demand for predictive solutions that transform the digital experience for banking customers.
Following the series B funding, Yoni Cheifetz (pictured), partner at Lightspeed Venture Partners, will join the Personetics board.
“This round of funding is a significant milestone for Personetics that confirms the huge value and potential of our offering,
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