FORWARD FEATURES CALENDAR

Deals

Satori Capital, a Dallas-based private equity firm, has invested in Longhorn Health Solutions, a direct-to-home provider of consumable medical supplies, durable medical equipment and pharmaceutical prescriptions serving the Medicaid, Medicare and privately insured populations across Texas. “Longhorn is intently focused on reducing total cost-of-care for managed care organisations by streamlining billing processes, improving patient utilisation and compliance, enhancing product quality, and heightening transparency throughout the patient, provider, and payor ecosystem,” says Sunny Vanderbeck, managing partner at Satori. “We believe in the team’s service-based approach, and look forward to partnering with them to further serve the growing needs of their stakeholders.”
Plane taking off
Private equity firm American Capital has sold its portfolio company Paradigm Precision Holdings to Dynamic Precision Group, a portfolio company of The Carlyle Group.  American Capital and its affiliated funds have received USD129m in debt and equity proceeds, subject to post-closing adjustments, of which USD127m was received by American Capital.  American Capital’s compounded annual rate of return earned on its senior debt, subordinated debt and equity investments since the first quarter of 2007 was 11 per cent, including interest, dividends and fees earned over the life of its investment. "American Capital is proud of its role in building Paradigm Precision
Silicon Valley Bank, financial partner to the technology, life science, cleantech, private equity and venture capital industries, has joined HSBC as a joint senior lender to Vero Software, a computer aided design (CAD) and computer aided manufacturing (CAM) development company. The newly acquired funds from Silicon Valley Bank have been used to support the company’s acquisition of Sescoi International, an international supplier of CAD/CAM software solutions, and the purchase of assets from Surfcam, a major CAM software company. Vero Software is a portfolio company of Battery Ventures, a technology investor.   Headquartered in Cheltenham, Vero Software has a global presence
Alternative asset manager The Carlyle Group has raised USD308m for Carlyle Peru Fund, and its parallel vehicles, extending the South America investment presence the firm established five years ago. The fund will be invested by Carlyle in consultation with Credicorp, Peru’s largest bank, across industries including healthcare, retail and consumer, services to mining, construction and infrastructure businesses, and education. Carlyle opened its Lima office last year and now has four full-time investment advisory professionals based there. Juan Carlos Felix (pictured), Carlyle managing director and co-head of the South America buyout team, says: “We see many long-term investment opportunities for our
The developer of a unique disposable tourniquet, ASep Healthcare, has secured a GBP120,000 investment from The North West Fund for Biomedical, managed by SPARK Impact. ASep Healthcare, currently based in South Kensington, London, but due to move to Liverpool Science Park, developed an award winning disposable tourniquet designed to prevent cross infection between patients. The company was previously backed by Imperial Innovations, which builds and invests in promising technology and healthcare companies. The North West Fund for Biomedical is part of the wider GBP155m North West Fund, financed jointly by the European Regional Development Fund and the European Investment Bank.
Activity in venture capital fundraising in Québec reached a 10-year peak in 2012 at CAD924m, representing to 52 per cent of the activity in the entire Canadian market. Activity in venture capital fundraising in Québec reached a 10-year peak in 2012 at CAD924m, representing to 52 per cent of the activity in the entire Canadian market. Moreover, a new trend appears to be emerging: the great majority of companies financed last year – 58 per cent of the total – were involved in VC transactions for the first time, drawing in CAD214m, or more than half the dollars invested. These
Family
HIG Growth Partners’ portfolio company, Community Intervention Services, has completed the acquisition of Family Behavioral Resources (FBR). CIS was established by HIG in partnership with veteran behavioural healthcare executive Kevin Sheehan to acquire, develop and operate a national network of community-based mental health and substance abuse treatment programmes. FBR marks CIS’s third acquisition and provides the company with a strong regional presence in the Mid-Atlantic and a beachhead into the Midwest. Headquartered in Greensburg, Pennsylvania, FBR was founded in 1999 and has since grown into a leading provider of community-based outpatient behavioural health services delivered primarily in the patient’s natural
Baker & McKenzie has released its 2013 Insights report, an in-depth look at some of the key trends and developments in the global private equity industry. With contributions from EQT, Platinum Equity, A Capital, AXA Private Equity, Carlyle, CVCI and many other industry commentators from around the world, Insights profiles some of the successful strategies currently being employed by funds, investors, management and companies. Simon Hughes, global chair of Baker & McKenzie’s private equity group, says: "Private equity and infrastructure funds that are adaptable and maintain a wide field of vision, are continuing to discover excellent investment opportunities. This report
Activa Capital has sold its portfolio company Logitrade to a group of regional financial investors – Soridec, Sofilaro, Sofipac, Multicroissance and Sopromec – in partnership with Logitrade’s management team. Activa Capital became the majority shareholder of Logitrade in 2006. Logitrade is an outsourcing company focused on non-strategic industrial purchasing in France.   Under Activa Capital’s ownership, Logitrade experienced a growth in its turnover from EUR85m in 2006 to EUR140m in 2012. In the recent years, the company has also strengthened its international presence, accompanying its large industrial customers outside France.
Frances Woo, Appleby
The offshore markets experienced their largest quarter-to-quarter rise in M&A transactions in the last three years in quarter four 2012, according to a report by Appleby. The latest edition of Offshore-i, the firm’s quarterly report which provides data and insight on merger and acquisition activity in major offshore financial centres, focuses on the last three months of 2012 while providing a review of the year as a whole and predictions for 2013. Both the volume and value of deals involving offshore targets increased considerably in Q4 as against the preceding three months, with volume up 27 per cent and value

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