Allocations
Nordic Capital Fund VIII-owned Lindorff and Intrum Justitia are to combine to create a leading provider of credit management services (CMS).
The combination is expected to provide material benefits for all stakeholders and create significant shareholder value through annual cost synergies estimated at SEK0.8 billion (EUR80 million) and significant further revenue synergies.
Based on Intrum Justitia’s closing share price at Nasdaq Stockholm as of 11 November 2016, the transaction values Lindorff at an enterprise value of SEK40.5 billion (EUR 4.1 billion).
Nordic Capital Fund VIII will become the largest indirect shareholder controlling approximately 45.5 per cent of the
MJ Hudson has expanded it's alternative investments offering with the acquisition of investment advisory firm Allenbridge and outsourced fund management provider Tower Gate Capital.
Established as an alternative investments law firm in 2010, MJ Hudson has grown rapidly and expanded its service offering within alternatives. Including the new acquisitions, MJ Hudson now provides advice and a fully integrated operating infrastructure to more than 300 asset managers, managing in excess of GBP200 billion. It also supports the activities of more than 100 institutional investors, together investing in excess of GBP500 billion.
Chief executive Matthew Hudson (pictured), says: “Our goal is
LeapFrog Investments, a private equity investor in emerging markets, has made a partial exit from IFMR Capital, a provider of capital market access to financial institutions that serve low-income consumers.
The exit is part of a wider deal in which Eight Roads Ventures, the proprietary investment arm of Fidelity International, will be investing up to USD25 million in the company.
LeapFrog will continue as the largest independent shareholder, actively adding value to IFMR Capital’s business. LeapFrog’s profit-with-purpose partnership with IFMR Capital so far has seen the business increase its reach across India to over 29 million underserved people, a
Corporate debt specialist Muzinich is launching two funds to be managed by the loans team who recently joined from ECM Asset Management (ECM), a Wells Fargo Asset Management company.
Muzinich announced in the summer that it had hired Torben Ronberg, Stuart Fuller, Sam McGairl and Alex Woolrich, who managed the sub-investment-grade business at ECM.
Ronberg and his team, who took up their posts this week, will now prioritise the launch of a new European senior secured loans vehicle, the Muzinich European Loans Fund.
They are also putting the foundations in place for the launch of a multi-asset vehicle,
Private equity fund manager YFM Equity Partners, alongside private co-investors, has backed the management buyout (MBO) of Ferrabyrne.
YFM's funding includes the second investment from its new YFMEP 2016 Fund, which held a first close in June.
Ferrabyrne designs, develops, manufactures and services systems and components, including rubber and metal for global customers in the rail, commercial vehicle and energy generation industries. Its key products include suspension components for passenger and freight rail vehicles and heavy-duty trucks, as well as components for wind turbines.
Ferrabyrne has 73 employees working at its headquarters in Littlehampton and across the globe.
Lower middle-market private equity firm MPE Partners has closed its oversubscribed second fund, MPE Partners II, at the hard cap of USD250 million.
The firm launched fundraising in April 2016 and did not use a placement agent.
"More than 30 investors committed to Fund II, including global asset management firms, insurance companies, family offices, foundations, and high net worth individuals," says Joe Machado, partner at MPE.
MPE has invested in companies such as dlhBOWLES, a designer and manufacturer of engineered plastics and fluid flow solutions for the automotive, consumer, and industrial markets; Trachte, a manufacturer of pre-assembled control
Inflexion’s portfolio company Kynetec, a specialist in agricultural and animal health market research, has acquired the agriculture and animal health business of Ipsos North America.
Ipsos agriculture and animal health in North America comprises two locations: St. Louis in the US and Guelph in Canada.
The acquisition brings additional market research expertise to Kynetec’s team, adding 25 experienced professionals to its team of 250 market researchers.
By combining the staff and methodologies from Ipsos agriculture and animal health with Kynetec’s custom team, along with a considerable investment in innovation, Kynetec expects substantial strengthening of its North American business.
IMAX Corporation and IMAX China Holding have completed the first phase of a USD50 million virtual reality fund to help finance the creation of at least 25 interactive VR content experiences over the next three years.
IMAX and its partners, which include leaders from the media, entertainment and technology sectors, will use the funds to aid in the creation of higher-quality VR content that can be leveraged across the burgeoning VR industry.
The group will target premium, event-style productions with its Hollywood studio and filmmaker partners that complement IMAX's film slate, as well as gaming publishers and other content
Assetz Capital says investors have earned a total of GBP15 million in gross interest since the company launched in 2013.
Assetz Capital has been at the forefront of the P2P sector by providing British small and medium sized businesses with their funding requirements.
Individuals can invest in these businesses either through tailored investment accounts, or by manually choosing where their capital is invested.
To date almost GBP180 million has invested through the platform, typically earning investors gross rates of return between 3.75 per cent and 15 per cent per annum.
Each of the businesses receiving funds through
REG Power Management has signed an asset management contract with BlackRock for the recently constructed 18MW Batsworthy Cross Wind Farm in Devon, England.
Batsworthy Cross joins the 26MW Glens of Foudland wind farm acquired by BlackRock from Centrica earlier this year.
Last month BlackRock also appointed REG as the asset manager for four solar projects totalling circa 63MWp, adding to five existing ground-mounted solar PV assets under management by REG for BlackRock funds.
REG Asset Management now has around 20 wind and 14 solar projects under management across the UK, taking the total managed capacity to nearly 260MW.
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