Allocations
Pamplona Capital Management has completed its acquisition of biopharmaceutical services company, Parexel.
Pamplona has acquired all outstanding shares of Parexel for USD88.10 per share in cash. The transaction was approved overwhelmingly by stockholders on September 15, with more than 98 per cent of votes cast in favour. Parexel stock will stop trading at the close of business today. Josef von Rickenbach will continue to serve as CEO. Dr. Jeremy Gelber, Partner of Pamplona Capital Management, will serve on the Board of Directors.
“This acquisition will better position Parexel for growth and success,” says von Rickenbach. “Pamplona is an ideal
Kirkland & Ellis advised Nidda Healthcare Holding AG and Nidda BondCo GmbH, companies owned by private equity funds Bain Capital and Cinven, in connection with EUR3.175 billion of syndicated debt financing for Bain Capital’s and Cinven’s takeover of German generic pharmaceutical group STADA Arzneimittel AG.
The debt financing consisted of EUR1.7 billion of term loans, EUR1.075 billion of high yield bonds and a EUR400 million revolving credit facility. With a total value of EUR5.4 billion, the STADA acquisition is one of the largest private equity take-private transactions ever in Germany.
The Kirkland team was led, in London, by capital
Berkshire Partners has completed its acquisition of Accela, a provider of civic engagement software solutions for state, county and municipal governments. Abry Partners, an existing shareholder, will remain an investor in the company. Terms of the transaction were not disclosed.
“Accela’s platform can transform how local and state governments interact with businesses and other constituents,” says Tom Kuo, a Managing Director at Berkshire Partners. “We believe the company has enormous growth potential as it continues bringing leading technology to civic systems.”
Based in San Ramon, California, the company currently serves over 2,000 customers worldwide. Accela’s platform streamlines critical functions
Sanne, a provider of alternative asset and corporate administration services, is to acquire Luxembourg Investment Solutions and Compliance Partners.
LIS is a leading third-party AIFM headquartered in Luxembourg with a branch in Dublin. Clients are spread across Private Equity, Real Estate, Private Debt and Infrastructure funds. LIS is regulated under the supervision of Commission de Surveillance du Secteur Financier (CSSF).
CP primarily provides unregulated services, including corporate services, for both LIS and external clients, enabling clients to have a physical presence in Luxembourg.
The Acquired Companies together employ more than 70 people. The principal managers and shareholders of
Global law firm Ropes & Gray has advised long term client Bain Capital on the sale by Toshiba Corp. of its semiconductor business to a group led by Bain Capital, and includes Apple Inc, Seagate, Kingston, Hoya, Dell Technologies Inc. and SK Hynix.
The transaction, which was announced on 28 September, is valued at two trillion yen (approximately USD18 billion) understood to be the largest Japanese deal since 2011, as well as both the largest private equity and leveraged finance deal ever seen in Asia.
The Ropes & Gray team advising Bain Capital is being led by private equity
Equiteq, a consulting sector M&A specialist, has advised Certeco, a business technology change consultancy, on its merger with P2 Consulting, a project and programme management consultancy.
The deal is backed by Lonsdale Capital Partners, a private equity firm focused on the lower mid-market. The transaction closed on September 26, 2017.
Certeco is one the UK’s largest business technology change consultancies, providing specialist consultancy services to corporates in industries like banking, insurance, public sector, education and media. Certeco focuses on bringing certainty to business change programmes, helping clients with business restructuring, regulation and digital change.
Equiteq previously worked with
Technology, Media and Communications (TMC) global investment bank Drake Star Partners ranks tenth in TMT Global Midcap Cross Border by Activity, and second in TMT Europe Midcap Ranking by Activity in 2017 year to date.
These results reflect Drake Star Partners’ ongoing growth and expanding global reach, following a series of recent announcements including the firm’s record H1 2017 results and San Francisco office launch.
Drake Star’s Co-CEO Marc Deschamps says: “This represents a strong third-party endorsement in favor of our new type of banking structure. With an integrated global team supported by cloud workshare and intelligence tools, we
KKR is to invest in Shenzhen Suishou Technology’s Series C funding round to support the Company’s expansion across China.
Shenzhen Suishou Technology is the provider of a personal finance management platform in China.
Suishou’s partnership with KKR expands the Company’s group of world-class investors, which include Sequoia Capital, Fosun Group and Source Code Capital.
Suishou enables individuals to better manage their personal finances by providing them with a one-stop mobile destination to track spending, organise budgets, and manage credit card usage. Suishou’s popular mobile applications include personal bookkeeping app Suishouji and fully automated credit card manager Cardniu. The
Lexington Partners, an independent manager of secondary acquisition funds, has held the final close of Lexington Middle Market Investors IV and associated vehicles (LMMI IV) at USD2.66 billion.
The fund, which commenced investing at the beginning of 2017, exceeded its initial USD2 billion target and accepted commitments up to its hard cap. LMMI IV is the fourth fund in Lexington’s specialised middle market series.
LMMI IV will acquire growth capital, small, and middle market buyout interests in the global secondary market. In addition to portfolio and single-interest acquisitions, LMMI IV will target general partner-led transactions such as spin-outs, restructurings,
BaltCap Infrastructure Fund (BInF) has signed an engineering, procurement and construction (EPC) contract with Axis Technologies to develop its first infrastructure project – a 48MW biomass plant in Vilnius.
The deal was signed in Vilnius during the Pan-Baltic Infrastructure Summit 2017.
The EPC agreement, worth EUR16 million, states that a 48MW biomass plant near Gariūnai should be built and become operational by the beginning of 2019. According to estimates, this power plant will generate nearly 10 per cent of Vilnius heat demand.
“Advanced pipeline of potential infrastructure investments accumulated over the last few years enabled us to sign the
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