Ogier has advised European private equity firm Cinven and annuity provider Partnership Assurance on Partnership’s recent premium listing on the main market of the London Stock Exchange.   The GBP1.54bn market capitalisation implied by the offer price would be enough to include it in the FTSE 250 index, which comprises the 250 most highly valued companies outside the FTSE 100.  The IPO comprises the sale of a portion of Partnership’s existing ordinary shares held by funds managed and advised by Cinven and management, and an issue of new ordinary shares by Partnership.   The Jersey aspects of the IPO transaction

Northzone has sold portfolio company Energy Micro to Nasdaq-listed Silicon Labs for USD170m.   The entity’s combined portfolio of products will continue to power the Internet of Things, smart energy and portable electronics.   Northzone, together with Investinor, has been an investor in Energy Micro since March 2010, and has achieved a 50 per cent IRR multiple on its investment in the late stage semiconductor provider.   Torleif Ahlsand, general partner in Northzone, has been chairman of Energy Micro since the initial investment. Northzone invested in the company with Investinor while Energy Micro was in the process of developing the

Medical Specialties Distributors (MSD), a portfolio company of private equity firm Water Street Healthcare Partners, has acquired Medical Technology Resources (MTR).   Headquartered in Columbus, Ohio, MTR specialises in providing infusion pumps and related products, as well as biomedical and billing services to alternate-site healthcare providers.      “MTR’s unique product offerings and strong presence in the Midwest enhances our leadership position in the growing home infusion and oncology markets,” says James Beck, president and chief executive, MSD. “Over the past three years, we have grown our national footprint through partnerships with multi-site health care providers and strategic relationships with leading

Fox Technologies has been acquired by southern California-based Parallax Capital Fund, a private equity fund managed by Parallax Capital Partners.   The terms of the transaction have not been disclosed.   FoxT’s access to management and governance products enable organisations to proactively administer, enforce and audit granular access policies across diverse servers, applications, databases, and desktops from a single unified infrastructure. The access policies can be easily configured to control access, protocols, privileges, and command execution. By proactively enforcing authorisation and authentication-related policies, organisations reduce the risk of an insider security breach while solving key governance and compliance challenges.  

KapStone Paper is to acquire the stock of Longview Fibre Paper and Packaging from Brookfield Capital Partners II, a private equity fund managed by Brookfield Asset Management, in a cash free, debt free transaction for USD1.025bn in cash and subject to certain post-closing adjustments.    Closing of the acquisition is subject to a number of customary conditions, including regulatory review.   Longview is a manufacturer of high quality containerboard, lightweight high performance multiwall paper, specialty Kraft papers, and corrugated containers located in the Pacific Northwest region. Longview’s operations include a mill located in Longview, Washington equipped with five paper machines

International law firm Osborne Clarke has advised NVM Private Equity and the management shareholders on the sale of Cwmbran-based IG Doors, a manufacturer of composite external doors for the housebuilding industry.   The business has been sold to Hörmann Group, a family owned German manufacturer of residential and industrial doors.   OC has previously advised long-standing client NVM on the sale of DxS, where NVM was lead investor to Qiagen, and the sale of the legal software provider TFB to Tikit plc.   The Osborne Clarke team was led by corporate partner Alisdair Livingstone (pictured) assisted by Simon Jones, James Taylor,

Novus, a New York-based company founded by former portfolio managers, engineers and data scientists to help institutions and investors generate higher returns, has received an investment from Bain Capital Ventures and Index Ventures.   The investments will be used to help Novus continue its growth by investing in its technical infrastructure, analytical platform and talent across technology, data and finance. Financial terms of the commitments were not disclosed.   Novus was founded in 2007 by a group of investors, engineers and data scientists to build a foundation that transforms how the world invests. Today, Novus works with top hedge funds,

A team of lawyers at Milbank, Tweed, Hadley & McCloy has represented the Maloof family, owners of the NBA’s Sacramento Kings and their home court Sleep Train Arena, in the sale of a 65 per cent controlling interest in the team to a Sacramento-based investor group.    The transaction valued the Kings at USD534m, a record price for an NBA franchise.   The investor group is led by software entrepreneur Vivek Ranadive, chief executive of TIBCO Software, along with Mark Mastrov, the founder of 24 Hour Fitness.  The new owners have agreed to keep the Kings in Sacramento.  The parties