Deals
Kleinwort Benson Group (KBG), the wholly owned subsidiary of financial services group RHJ International (RHJI), has reached agreement with Deutsche Bank to acquire BHF-BANK, a German private bank.
The transaction is subject to regulatory approvals.
Under the transaction, KBG will acquire 100 per cent of BHF-BANK for an agreed consideration of EUR384m, which will be paid in cash and is subject to closing purchase price adjustments.
In addition to funds provided by RHJI, the associated capital increase in KBG is supported by Fosun Group, AQTON SE (the wholly owned strategic investment company of German entrepreneur Stefan Quandt), entities affiliated with
Novetta Solutions, a portfolio company of Arlington Capital Partners, has acquired International Biometric Group (IBG).
Novetta Solutions, a portfolio company of Arlington Capital Partners, has acquired International Biometric Group (IBG).
Novetta provides advanced, mission critical technology solutions to customers within the national security community and other organisations working with massive quantities of data.
Novetta was established in March 2012 through the merger of White Oak Technologies and FGM. In August, Novetta announced the addition of White Cliffs Consulting (WCC) to the company.
IBG provides identity intelligence services and solutions to both government and commercial clients. Within the biometric identity domain,
Funkwerk has sold its subsidiary Funkwerk Dabendorf to the novero Group with effect from 1 October 2012.
The subsidiary handles the key operations of the automotive communication division.
The purchase agreement was signed yesterday. The business premises belonging to Funkwerk Dabendorf in Dabendorf/Zossen and the company’s 100 per cent share in Funkwerk eurotelematik are not included in the sale.
A team from CMS Hasche Sigle led by lead partner Eckhart Braun advised Funkwerk on all legal aspects of the sales process.
The sale of the Zossen-based company is another strategic milestone for Funkwerk in its restructuring process. It also represents
Towry Group, a portfolio company of Palamon Capital Partners, has concluded a transaction with Macquarie Bank and Royal Bank of Scotland, to provide a GBP47.3m financing package.
The proceeds of the debt issuance, which comprised GBP42.5m of senior and junior loans provided by Macquarie and GBP4.8m of additional senior debt provided by RBS, one of Towry’s existing lenders, were used to replace a mezzanine debt facility.
Towry is a growing independently-owned wealth advice business in the UK with GBP4.6bn of assets under management. Since Palamon’s initial investment in 2003, revenue has grown more than 35 per cent per year.
iLevel Solutions, a provider of private equity software and reporting solutions, has formed a strategic partnership with Hamilton Lane, an independent financial institution that provides discretionary and non-discretionary private equity asset management services, to expand the existing iLevel platform to encompass the data needs of limited partners.
"The vision at iLevel has always been to provide the platform to the alternative asset market that integrates all information for general partners and limited partners to monitor investments, prepare and report valuations, and exchange information. Our expansion from covering the specific data needs of general partners to covering those of the limited
Capital Dynamics has closed an investment in Curves International, alongside lead investor North Castle Partners.
Curves is the largest health club franchisor in the world with over 1.5 million active members and 7,300 clubs located in 90 countries. Focused predominantly on fitness and women’s health, Curves features a business model built on a franchise system with geographic and product diversification.
The investment was a globally co-ordinated effort. Capital Dynamics’ London, New York and Silicon Valley offices, together with its Tokyo office, worked in close collaboration with US-based North Castle Partners to complete the transaction.
“We have a strong
A fund managed by Blackstone on behalf of its private equity investors, Blackstone Capital Partner VI, is to acquire acquire Vivint from its existing shareholders, including Goldman Sachs, Peterson Partners, Jupiter Partners and other minority shareholders for in excess of USD2bn.
Vivint is the largest home automation services company in North America and second largest residential security services provider.
As part of the transaction, Blackstone will acquire Vivint Solar and 2GIG Technologies from its respective shareholders. Vivint Solar is a provider of solar solutions that leverages the power purchase agreement (PPA) model to offer affordable solar power to residential
HIG Capital has completed the sale of DIAM International to French private equity firm LBO France.
HIG Capital has completed the sale of DIAM International to French private equity firm LBO France.
Based in Paris, France, DIAM is a designer and manufacturer of high quality luxury and retail point of purchase displays.
DIAM has more than 1,300 employees in 13 countries throughout Europe, Asia, Africa, North America and Australia. The company’s primary business segments include prestige retail displays, mass-market displays, non-cosmetic displays and installation services.
“HIG has been a tremendous partner to DIAM and has been instrumental in helping us
Mid-market private equity provider LDC has exited its investment in outsourced insurance services provider Direct Group by selling the company to Ryan Speciality Group (RSG).
Mid-market private equity provider LDC has exited its investment in outsourced insurance services provider Direct Group by selling the company to Ryan Speciality Group (RSG).
The transaction remains subject to completion pending regulatory approval. Terms of the sale were undisclosed.
LDC backed a management buyout of Direct Group in 2007. Since then, with LDC’s backing, the business has made four strategic acquisitions to diversify its outsourced services offering, including insurance broker Millennium in 2008
Gas sensing instruments manufacturer, Cascade Technologies, which was backed by Panoramic Growth Equity in May 2011, has been listed as one of Britain’s 100 fastest growing private technology companies.
Tech Track 100 is produced by Fast Track.
Stirling-based Cascade Technologies developed and patented the world’s first real-time technology for the detection, measurement and monitoring of gas emissions and explosives through its use of quantum cascade lasers. It is used in a range of commercial applications such as the monitoring of gas emissions in power stations and airports, substance detection at airports and process analytics in chemistry.
In November 2010,
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