Deals
Advent International, the global private equity firm and the François-Charles Oberthur Fiduciaire Group, have completed the acquisition of the Card Systems and Identity divisions of Oberthur, following workers’ council consultation and the approval of the transaction by relevant market authorities.
Advent International, along with the company’s management, now controls 90% of Oberthur Technologies’ capital. Jean-Pierre Savare, founder of the Oberthur group and his family retain a 10% stake in the capital. The transaction is valued at EUR1.15 billion.
Oberthur Technologies is specialised in digital security based on smart card technology. It is the world’s second largest provider of security
Brynwood Partners VI’s newly-formed portfolio company, Sun Country Foods, Inc, has acquired the Kretschmer wheat germ brand and manufacturing facility from The Quaker Oats Company. Sun Country Foods purchased the rights to the Kretschmer brand in the US, Canada and Puerto Rico.
Additionally, Sun Country Foods acquired the Sun Country trademark. Terms and conditions of the transaction, which closed yesterday, were not disclosed.
Sun Country Foods will be headquartered in Boston, Massachusetts with its manufacturing facility to continue to be located in Manhattan, Kansas. The company intends to retain existing employees to support plant productions.
Kretschmer, an iconic brand that
arGEN-X, a biopharmaceutical company focused on the discovery and development of human monoclonal antibodies from its proprietary SIMPLE Antibody platform, has closed a EUR27.5 million (USD37 million) Series B fundraising round, which was oversubscribed.
The fundraising was co-led by OrbiMed Advisors (USA) and Seventure Partners (France), with the existing shareholders Forbion Capital Partners, Credit Agricole Private Equity, LSP, BioGeneration Ventures, the Erasmus Biomedical Fund, Thuja Capital and VIB also participating. OrbiMed’s founding partner, Dr Mike Sheffery, will join the arGEN-X Supervisory Board.
arGEN-X is developing a highly innovative pipeline of human antibody products from its proprietary SIMPLE Antibody platform. The
StepStone Group is to acquire the funds management business of Parish Capital Advisors, LLP (Parish Capital), a private equity investment manager with USD2 billion in assets under management. The acquisition is expected to close in January, 2012 and is subject to customary closing conditions. Terms of the transaction were not disclosed.
Parish Capital, founded in 2003, focuses on investments in "ESN" managers, or experienced fund managers of small private equity funds with niche-focused investment strategies. It offers institutional investors access to an attractive, but difficult to analyse segment of the private equity market. It is led by Managing Partners David
ABS Group of Companies, Inc has entered into an agreement to acquire Safetec Nordic AS (Safetec), a provider of integrated risk and asset management services. The programs and services of Safetec will strengthen and expand those of ABS Consulting (a subsidiary of ABS Group).
ABS believes that combining the talent and resources of these two entities will result in a consulting organisation that can deliver clients more timely and innovative solutions for today’s operational and business challenges.
Safetec’s focus has been serving customers in the offshore, marine and land-based industries from their key operating centres in Norway, the UK and
International law firm Milbank, Tweed, Hadley & McCloy LLP represented O3b Networks in their USD137 million financing for a series of four additional satellites to support super-fast broadband connections to Africa and other emerging markets. The project has been described by the BBC as “one of the most ambitious commercial space projects of the decade.”
In 2010, Milbank represented O3b Networks in its USD1.2 billion financing of the purchase from Thales Alenia Space of its first eight medium earth orbit satellites. This year’s financing of four additional satellites will serve to significantly boost both the throughput and redundancy of
Unifrax Holdings I Corporation (Unifrax), a portfolio company of private equity firm AEA Investors (AEA), has been acquired by American Securities.
The transaction closed on 28 November, 2011. Harris Williams & Co acted as the lead advisor to Unifrax. The transaction was led by Chris Williams, John Neuner, John Arendale, Brent Spiller and Matt McLain from the firm’s Richmond office.
“Unifrax is a true market leader with an exceptional track record of growth and a remarkable management team. We look forward to following the continued success of the business,” says Williams Williams, managing director at Harris Williams & Co.
LogiXML, a pioneer of web-based business intelligence (BI) software, has closed a growth equity investment led by Summit Partners. Also participating in the round is Grotech Ventures, an existing LogiXML investor.
LogiXML investors now include Summit Partners, Grotech Ventures and Updata Partners. The funds will be used to accelerate LogiXML’s growth and expand the company’s share of the BI and analytics software market.
“As the broader BI and analytics market continues to expand, LogiXML has successfully capitalised on the demand for lightweight, agile BI solutions and has succeeded in market segments where traditional BI platforms fall short,” says Brett Jackson,
AssuredPartners, Inc, a portfolio company of leading Chicago-based private equity firm GTCR, has closed its second investment with the acquisition of SKCG Group, a White Plains, New York-based insurance agency.
With revenues of approximately USD18 million, SKCG is one of the largest privately-held risk management and insurance advisory firms in the US. Since 1996, SKCG has been cited each year as a Top Performer nationwide by the Independent Insurance Agents of America Best Practices Study, evidencing the firm’s strong reputation in the industry. The acquisition provides AssuredPartners with a strategic asset and penetration into the greater New York metropolitan area.
Global digital security software company, Clearswift, has been acquired by mid-market growth investor Lyceum Capital, in a deal that will see increased focus on Clearswift’s content-aware security products.
Clearswift provides market-leading security software products to companies that view the security of their IP and communications as a strategic priority. Clearswift’s integrated products manage inbound threats, data loss prevention, web access policies and compliance across both web and email communications. Headquartered in Theale, near Reading, with satellite operations in Germany, Spain, Japan, the US, Australia and Holland, the business employs around 170 people with almost two thirds based in the UK.
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