Allocations
Specialist engineering business, Northern Escalator Installations, has secured a GBP6.4 million investment from BGF to support its expansion in the UK and Europe.
Founded by MD Kevin Johnson in 1999, the Halifax-headquartered company installs, refurbishes and repairs escalators.
Employing a team of 85 precision engineers and technical staff, recent works include escalator installation at Anfield Football Stadium in Liverpool and Paddington Station, as part of the London Crossrail Underground. The group generated revenues in excess of GBP12 million in 2017.
Northern Escalators has been winning a growing number of contracts in mainland Europe, and established a second base
Payvision, a global merchant acquirer and omnichannel payment provider, has sold 75 per cent of its business, announced today, in a strategic partnership with ING.
Payvision says the deal will help it accelerate its ambitious growth plans, extend its global network and broaden its payment product portfolio. Payvision is valued at EUR360 million.
Founded in 2002, in Amsterdam, Payvision is at the forefront of the payments industry and it has been growing at a very fast pace, registering a robust 66 per cent volume growth in 2017. With the launch of Acapture, a new, scalable, data-driven payment service provider, in 2015, Payvision aims
The corporate finance team at accountancy and business advisory firm BDO UK has had a record year of deals, completing 300 transactions in 2017, with a combined value of more than GBP18.5 billion.
Deal volumes for BDO have grown 23 per cent from 243 in 2016 to 300 in 2017, while deal value increased to GBP18.5 billion in 2017 – a 50 per cent increase on the GBP12 billion total last year and a 12-year high for the firm.
Transactions involving private equity also increased by more than 50 per cent from 79 deals (2016) to 120 (2017), with
Cevian Capital has today completed the sale of its entire shareholding in AB Volvo to Nomura International (Nomura) and Barclays Capital Securities Limited (Barclays).
The sales comprises 88.47 million A-shares and 78.77 million B-shares, corresponding to 8.2 per cent of the company’s share capital and 15.6 per cent of the votes.
Nomura and Barclays have committed to sell the AB Volvo shares to Geely Holding, and Geely Holding has committed to acquire the shares following the receipt of necessary regulatory approvals.
Gide has advised ENGIE on the acquisition of Afric Power and Tieri, two companies specialising in energy services in West Africa.
Based in Côte d’Ivoire, Burkina Faso, Mali and Niger, Afric Power and Tieri employ over 140 people who specialise in the design, installation and maintenance of electrical systems and automated control mechanisms in West Africa. In acquiring Afric Power and Tieri, ENGIE gains a strong local foothold to boost its development in energy services in Central and West Africa.
Through this acquisition, ENGIE will implement a regional platform to offer energy services (installation and maintenance) to secondary and
Shearman & Sterling has advised private equity firm Marlin Equity Partners on debt financing in relation to Marlin’s acquisition of a majority stake in social media analytics company TalkWalker. The financing consisted of a New York law governed term loan and revolving credit facilities.
Marlin Equity Partners is a global investment firm focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its
Silknet has acquired Geocell, the second-largest mobile operator in the Republic of Georgia, after reaching an agreement with Geocell’s shareholders, Telia Company and Turkcell.
The acquisition, which values Geocell at USD153 million, will be financed through a combination of debt – a syndicated loan arranged by TBC Bank with other Georgian and regional banks – and equity. The transaction creates a major convergent telecom operator in the Republic of Georgia, combining the assets of the country’s largest fixed-line company, Silknet, with the mobile telecommunication activities of Geocell.
Georgian consumers can expect significant benefits from the combination, thanks to new
Specialist mortgage business, Enra Group, has acquired master broker Vantage Finance.
Enra, an Exponent Private Equity portfolio company, has purchased the master broking business from management and existing private equity backer, Chiltern Capital, as part of the Group’s growth strategy. Vantage will sit alongside existing master broker Enterprise Finance in the Enra portfolio, to strengthen the Group’s position in specialist mortgage broking.
The Vantage operation will continue to service existing broker and client relationships at their current location, in the same way, with the existing team, name, and core values. At the same time, the business will benefit from
Inflexion Private Equity’s portfolio company Ocorian, a financial services firm, has acquired Capco Trust, a Jersey-based private client and corporate services business.
The deal will expand Ocorian’s service capabilities and client base, as well as the scope of its service offering to include expertise in international shipping finance. In turn, Capco’s clients will now benefit from an enhanced range of specialist financial services across a much wider range of international jurisdictions.
The deal is the third for Ocorian in the last 6 months, having announced the acquisitions of MAS in July 2017 and Intruad/Intruma in October 2017. Each acquisition
Silversmith Capital Partners (Silversmith) has held the first and final closing of its second fund, Silversmith Capital Partners II (Fund II) at its target and hard cap of USD670 million of commitments. The fund was significantly oversubscribed.
Consistent with the strategy of its predecessor fund, Fund II will focus on growth companies in two core industry verticals: Software-as-a-Service & Information Services; and Healthcare Information Technology & Services.
Silversmith received strong support from its existing investor base of leading endowments, foundations, fund of funds, and pension funds, while also adding a small number of new investors. In addition, more than
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
