Allocations
A management group led by Joseph M Limber, in partnership with Ampersand Capital Partners and 1315 Capital, has entered into a definitive agreement to acquire the commercial laboratory of Genoptix.
Genoptix is a Novartis company that specialises in oncology diagnostics and informatics services.
The transaction is expected to close in the first quarter of 2017 subject to certain closing conditions. The financial terms of the transaction have not been disclosed.
Headquartered in Carlsbad, California, Genoptix is one of the largest haematopathology centres in the US, providing thousands of oncologists and pathologists across the UStates with comprehensive testing solutions
Noerr has advised Novelis, a specialist in rolled aluminium products owned by India’s Hindalco Industries, on the refinancing of its USD1.8 billion term loan B line still existing after its acquisition by Hindalco.
The refinancing and restructuring transaction was handled by an international banking consortium under the lead of the British Standard Chartered Bank, for the first time with the involvement of numerous Asian, particularly Indian, banks.
The term of the refinancing transaction is five and a half years.
The Novelis Group was advised on German law by Noerr’s lawyers Sebastian Bock (partner) and Dr Ivan Zlatanov on
Catella has acted as exclusive financial adviser to Guy Hands in raising financing for the acquisition of McDonald’s Nordic operations.
The parties have signed a share sale and purchase agreement and agreed on the master franchise agreement.
Hands will become the development licensee (DL) for the Nordic markets.
The Nordic countries consist of approximately 435 restaurants, of which more than 95 per cent are franchised, and is the clear number one QSR (Quick Service Restaurant) operator in the region. Financial terms of the transaction are not being disclosed.
Under the DL structure, McDonald’s plans to transfer
Transcend Corporate has acted as lead adviser to the shareholders of AlwaysON Group (AOG) on its sale to Cloud Direct, for an undisclosed sum.
Bracknell, Berkshire- based AOG is a GBP5.5 million revenue provider of unified communications (UC), data communication and managed data services to UK headquartered organisations, primarily mid-sized enterprises.
Services include UC/voice services and managed Microsoft Exchange and security solutions management, using an in-house core MPLS network. AOG also provides network and connectivity services and application hosting services, including Skype for Business. Managed data services include net backup and recovery services (on-premise and cloud); data archiving; and
ARX Equity Partners together with food industry entrepreneur Keith Dilworth are to acquire Nutricia Deva from Danone Group.
Deva is a Czech Republic based producer of baby fruit desserts and fruit drinks, with total annual capacity of 24,000 tons. It also holds bio and organic certifications.
ARX and Dilworth committed to acquire Deva with the aim of expanding the existing business via further organic growth and using the company as a platform to acquire complementary add-on acquisitions. As part of the transaction, Deva will enter into a manufacturing contract and will continue to manufacture baby food desserts under the
Inflexion has supported CloserStill Media’s acquisition of iLearning Forum in France.
Recently ranked number 10 in The Sunday Times HSBC International FastTrack 200 for the UK’s fastest growing exporters, CloserStill operates content-led exhibitions throughout the UK, Europe and the Far East.
Its acquisition of iLearning Forum further expands the business’s international portfolio of exhibitions.
David Whileman, head of partnership capital, Inflexion, says: “We are delighted CloserStill Media continues to expand at such a successful rate. Our partnership capital investment solution continues to meet the unique needs of high growth businesses seeking flexible investment solutions; just recently we completed
The alternatives industry grew solidly in 2016 across all segments and factors tracked by Convergence.
The firm measures the overall health of the industry by analysing changes it observes in 17,500-plus advisers, 53,000-plus private funds and 6,000-plus service providers.
According to Convergence’s Q4 2016 update, more advisers and managers were formed who in turn hired more people and launched more funds. The number of service providers servicing the industry grew and the number of regulatory actions increased as well.
Hedge funds “noise” garnered the most negative attention this year as a series of high profile closures, scandals and performance
Private equity Thoma Bravo has completed its acquisition of Planview, a specialist in work and resource management (WRM).
Insight Venture Partners, a prior investor in Planview, retains a minority shareholding in the company. Financial details have not been disclosed.
Planview is the market leader in WRM, an emerging category of software that provides a comprehensive approach across a broad range of work and resource types to increase innovation capacity, improve time-to-market, and accelerate digital transformation. Planview offers its customers a diverse portfolio of solutions designed for strategic planning, portfolio and resource management, new product development, work collaboration, and enterprise
Nyca Partners, which was launched in 2014 by Hans Morris, a long-time Citigroup banker and former president of Visa, has held the closing of its second venture capital fund with more than USD125 million in total commitments.
Nyca closed its USD30 million first fund in July 2014. Over the course of the next 30 months, Morris along with Ravi Mohan, David Sica, and Jeff Reitman, and five Investment Partners: Osama Bedier, Brian Finn, Max Levchin, Tom Miglis, and Charlie Songhurst, invested in more than 30 companies across four distinct fintech subsectors: merchant payment solutions, alternative credit, digital advice, and financial
An affiliate of private equity firm Veritas Capital is to acquire Harris Corporation’s government IT services business for USD690 million in cash.
Proceeds from the transaction will be used to support the company’s capital allocation strategy, including pension pre-funding and share repurchases.
The transaction is subject to regulatory review and other customary closing conditions and is expected to close before the end of fiscal 2017.
Headquartered in Herndon, Virginia, the business provides IT and engineering managed services to US government agencies, including supporting NASA’s Space Communications Network and Deep Space Network programmes, and operates within the company’s critical
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