Deals
First Investors Financial Services Group has entered into a definitive merger agreement with FIFS Holdings Corp, a company controlled by Aquiline Capital Partners, a New York-based private equity firm investing in the financial services sector.
Under the merger agreement, FIFS Holdings will acquire all of the outstanding shares of First Investors common stock in an all-cash transaction valuing First Investors at GBP100m.
Stockholders of First Investors will receive GBP13.87 for each share of First Investors common stock they hold.
"The acquisition by Aquiline is the result of a thorough and competitive process focused on maximising value for our stockholders," says
Onex is to acquire KraussMaffei, a manufacturer of plastic and rubber processing equipment, for EUR568m.
The transaction is anticipated to close by 31 March, 2013 subject to customary conditions and regulatory approvals.
Based in Munich, Germany, KraussMaffei designs and manufactures machinery and systems for the processing of plastics and rubber. The company manufactures machinery for the injection moulding, extrusion and reaction process segments. KraussMaffei has approximately 4,000 employees and operates key manufacturing facilities in Germany, Switzerland, Slovakia and China. For the 12 months ended 30 June 2012, the company generated approximately EUR1.0bn in revenues.
“KraussMaffei is a global
Arma Partners acted as the exclusive financial adviser to Butterfly Software, a privately held data analysis and migration software company headquartered in Maidenhead, UK, on its sale to International Business Machines.
Financial terms of the transaction were not disclosed. Butterfly will become part of IBM’s software group.
Butterfly offers storage planning software and storage migration tools, helping customers save storage space, operational time, IT budget and power consumption. IBM will use Butterfly to help clients find new ways to drive greater value from its storage software and hardware solutions.
EnBW Erneuerbare Energien has acquired a wind farm with eight turbines and total output of 16 MW from Ventotec (Leer).
The wind farm is located in Neuruppin-Dabergotz in the Federal State of Brandenburg.
A team from CMS Hasche Sigle led by lead partner Jochen Lamb advised EnBW on all aspects of the transaction.
At the end of 2011, EnBW acquired the Christinendorf III wind farm from Ventotec with the support of the same team.
Construction work on the Neuruppin wind farm is expected to start shortly, with commissioning scheduled for the early part of 2013. Once operational, the wind farm
Actis, the pan-emerging markets private equity firm, is continuing to tap into China’s rising domestic consumption with an investment in Bellagio, one of the country’s most popular casual dining chains.
Bellagio is renowned for its Taiwanese-style dishes and shaved ice desserts, while its contemporary restaurant design and excellent customer service have a loyal following. Founded in 2001 in Shanghai by the Lin Family, the company today has 35 restaurants across a number of Chinese cities, as well as Macau and the Philippines. In a consumer survey commissioned by Actis, Bellagio stood out against its peers in terms of both brand
Arsenal Capital Partners, a New York-based private equity firm, has acquired IGM Resins, a provider of intermediates to the global ultraviolet (UV) radiation cure coatings, inks and adhesives industry.
UV technologies are used in numerous end markets, including printing, packaging, electronics and construction.
Founded in 1999, and headquartered in the Netherlands, IGM Resins is a global specialty chemical company and leading supplier of photoinitiators and acrylates to the worldwide UV curable coatings and inks markets. In 2010, the company acquired the Photomer brand UV Acrylates business from Cognis providing the business with a fully integrated product portfolio including UV curable
Global alternative asset manager The Carlyle Group has acquired 100% of the outstanding shares of Walbro Engine Management, a global small engine parts manufacturer, from Sun Capital Partners.
Terms of the transaction were not disclosed. Equity for the investment comes from Carlyle Japan Partners II.
Headquartered in Tucson, Arizona, Walbro is the world’s largest manufacturer of carburettors and a major manufacturer of fuel and air management components mainly targeted at the outdoor power equipment industry. Walbro has significant sales, R&D, and production capabilities in Japan and the United States, and also has manufacturing facilities in Thailand, China and Mexico.
Tony
Tengram Capital Partners, a Connecticut-based private equity firm, has acquired a significant stake in NEST Fragrances, a designer and manufacturer of luxury home fragrances.
Laura Slatkin, NEST Founder, will continue to lead the Company as Chief Executive Officer and form an executive leadership team that will, under her leadership and guidance, drive the Company’s profitable growth.
“We see enormous growth potential for NEST Fragrances and we are very excited about this new partnership,” says Matthew Eby, Co-Founder and Managing Partner of TCP. “In addition to her long-standing reputation in the industry, we have tremendous respect for what Laura has been
AXA Private Equity, a leading European diversified private equity firm, and international banking group Intesa Sanpaolo, have signed an agreement to acquire a majority 66% stake in Limacorporate SpA.
The existing management of Limacorporate SpA will reinvest in the remaining 34% capital.
Limacorporate SpA, founded by the Lualdi family in 1975, is a global leader in the design, production and distribution of orthopaedic devices. The Group has 600 employers and three production facilities in Italy. In 2011 it had revenues of 117 million euros, 66% of which was generated in markets outside of Italy.
The future strategic growth plan for
Private equity firm TA Associates has, with the support of the existing management team, completed a buyout of SpeedCast, a global network and satellite communications service provider, from Asia Satellite Telecommunications (AsiaSat).
SpeedCast provides very small aperture terminal (VSAT) satellite-based broadband access services, managed networking solutions and value-added services in more than 30 countries primarily in Asia, the Middle East and Africa. SpeedCast’s customers include telecom carriers, internet service providers, governments and non-governmental organisations, and other enterprises requiring communication services in locations where wire-based communication is not possible or practical, or where mobility is required.
Through its SeaCast offering, the
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
