An affiliate of Sun European Partners, LLP (Sun European Partners), the European adviser to Sun Capital Partners has made a cash offer to acquire the entire issued and to be issued share capital of Jacques Vert Plc (Jacques Vert), the womenswear clothing retailer. Under the terms of the offer, shareholders would be entitled to receive an offer price of 21.0p in cash per Jacques Vert share, a 68.0% premium to the closing price on 15 December, 2011.   Headquartered in London, UK, and listed on the Alternative Investment Market of the London Stock Exchange, Jacques Vert began trading in 1972

Affiliates of Apollo Global Management have signed a definitive agreement to acquire Taminco Group Holdings, the largest independent global producer of alkylamines and their derivatives, from affiliates of CVC Capital Partners for approximately EUR1.1 billion. The acquisition is expected to close in the first half of 2012 and is subject to customary closing conditions. "We are extremely pleased to announce this acquisition by Apollo,” says Laurent Lenoir, CEO of Taminco. “Apollo has a proven track record of making successful investments in chemical businesses and we are excited about partnering with them to further develop and grow our business. We expect

Ogier London acted as BVI legal adviser to CVC Capital Partners in relation to its GBP900m acquisition of a 51% stake in Virgin Active. CVC’s investment supports the growth plans of the Virgin Active business in both existing and new geographies, both through targeted acquisitions and a successful club roll out programme.    "This high profile, high value transaction demonstrates the continued suitability and use of BVI entities in the market as joint venture vehicles. It also highlights the calibre of transaction that the Ogier BVI team in London are regularly asked to advise on," says Simon Dinning (pictured) managing

Venture capital fund The Crosslink Seed Fund has completed its 23rd investment of 2011. The USD20 million fund was launched in February 2011 with the objective of providing between USD100,000 and USD500,000 in seed capital to early-stage technology companies. The Crosslink Seed Fund is a carve-out of the Crosslink Ventures VI Fund and is targeting roughly 20 investments each year in industries that include advertising, e-commerce, SaaS, financial services, gaming, big data, mobile and several others. “We’re looking for entrepreneurs who are developing solutions to billion dollar problems,” says Eric Chin (pictured), Crosslink Capital partner who stewards the Seed Fund.

First Reserve Corporation is to acquire a diversified portfolio of US contracted natural gas fired power generation plants totalling 1,068 MW (the Power Portfolio) from Arclight Capital. The new entity will be named the FREIF North American Power I. As part of the agreement, the California Public Employees’ Retirement System will acquire the Neptune Regional Transmission System (Neptune), a 660-MW HVDC transmission line connecting NY Zone K with PJM.   First Reserve’s Energy Infrastructure Fund will take a controlling ownership position in the Power Portfolio, and CalPERS’ investment will result in direct ownership of 75% of the Class C shares

The Ingenious Live VCTs have agreed terms to exit from their respective investments in the Creamfields festival for a total consideration of GBP2.78 million. The Ingenious Live VCTs will also retain a share of further upside over the two years following the completion of the deal in the event that there is a sale of the Creamfields brand for an amount in excess of an agreed exit multiple. The deal will see The Cream Group’s festival vehicle, CI (Events) Limited, acquire the whole of the share capital of CFDT Limited, a company which was set up by the Ingenious Live

After launching in late-October, middle market private equity firm American Industrial Partners (AIP) has announced the first and final closing of American Industrial Partners Capital Fund V, LP (Fund V) at USD700 million, excluding the GP commitment of USD17.5 million. AIP exceeded its target of USD500 million and closed at its hard cap with broad support from both existing and new investors. AIP secured commitments from a globally diversified investor base with approximately 15% of total commitments coming from new capital outside of North America. Fund V is composed of leading endowments (30%), insurance companies (26%), fund of funds/gatekeepers (24%),

PowerCloud Systems, a leading software platform provider for enabling Networking as a Service (NaaS), has secured USD6 million in Series B financing. The round was led by Qualcomm via its venture investment arm, Qualcomm Ventures. PowerCloud Systems’ existing investors – Walden Venture Capital, Javelin Venture Partners and PARC – all participated in the round.   Quinn Li, Senior Director of Qualcomm Ventures, says: "Qualcomm Ventures is focused on funding transformative business opportunities," said Quinn Li, senior director of Qualcomm Ventures.  "PowerCloud’s technology platform enables powerfully simple networking-as-a-service solutions that can redefine the small-business networking market. PowerCloud’s innovative business model is compelling

LDC-backed MB Aerospace Holdings (MBAe), one of the UK’s leading aerospace companies, has acquired US-based Gentz Industries in a multi-million pound deal. This strategic acquisition will double the size of MBAe’s current operations creating an international brand with total revenues in excess of USD80 million per annum. The enlarged group will focus on the supply chain management, manufacture and repair of highly complex machined and fabricated components for global aerospace and defence original equipment manufacturers.   Gentz Industries, based in Detroit, Michigan, has an established reputation within the global aerospace industry, manufacturing complex, high-precision engine components for customers including Pratt

The Burgiss Group, a Hoboken, NJ-based solutions provider to the private capital markets, has announced a strategic partnership with Citi Private Equity Services (Citi PES), a provider of accounting, administration and tax services to private equity, venture capital and institutional investors. Private capital investors are facing an increasing burden to consolidate data, track returns and administer investments across multiple funds and administration agents. Responding to this need, Citi has partnered with the Burgiss Group to leverage their software and data services to deliver integrated investment reporting and analytics that are seamlessly integrated into Citi’s private capital administration service. These solutions,