Allocations
Aurelius Equity Opportunities has reported a 63 per cent increase in consolidated revenues to EUR1,926.9 million in the first nine months of 2016.
Consolidated revenues increased by 51 per cent year on year to EUR2,749.3 million, with growth significantly boosted by company acquisitions during the past 12 months.
Aurelius Equity Opportunities generated EBITDA of EUR122.0 million for the combined group in the first nine months of 2016 (Q1-Q3 2015: EUR165.6 million).
Operating EBITDA amounted to EUR83.8 million despite the sale of several profitable group subsidiaries, reflecting the solid operating performance of most group portfolio companies, notably SECOP, Studienkreis,
After 15 years in business, Financière Cambon is changing its name and visual identity to Cambon Partners.
The change is designed to reflect the firm’s growing international standing and mark the beginning of a new phase in its development.
Cambon Partners, the only French M&A boutique with a physical presence in the Silicon Valley, has also hired Laurent Azout, previously partner at Messier Maris & Associés, in charge of the TMT sector, and executive director at Lazard.
Azout has completed over 60 transactions, mainly in the TMT sector, and has extensive expertise in the digital space.
Azout says: “Our
Harris Williams & Co is advising Grohmann Engineering on its pending sale to Tesla Motors.
Grohmann is a developer and manufacturer of highly customised, high yield, multi-process modular assembly solutions for future oriented end-markets.
Harris Williams & Co served as the exclusive financial adviser to Klaus Grohmann, founder and majority stakeholder of Grohmann Engineering, and Deutsche Beteiligungs, a German listed private equity company and minority stakeholder of Grohmann Engineering.
Post transaction, Grohmann Engineering will become Tesla Grohmann Automation and serve as the initial base for Tesla Advanced Automation Germany headquarters, with other locations to follow.
The pending
MMA Capital Management has entered into an agreement with an affiliate of TSSP, a special situations investment platform, to form a solar lending joint venture.
The joint venture will operate under the name Renewable Energy Lending (REL) and will provide financing for the construction and ongoing operations of solar power projects located throughout North America.
MMA Energy Capital (MEC), a wholly-owned subsidiary of MMA Capital, will provide loan origination and administrative services to REL. Kimberlite Advisors served as financial adviser in the formation of Renewable Energy Lending.
Michael Falcone (pictured), MMA Capital Management's chief executive officer, says: "We
In the third quarter of 2016, Israeli private equity deal-making rose to USD1.7 billion in 18 deals, the highest quarterly amount in the past two years.
The amount was 32 per cent above the USD1.3 billion reached in the previous quarter and over four times the USD358 million achieved in the third quarter of 2015.
The number of deals was the same as in the last quarter, but slightly down from the 22 deals quarterly average of the past five years.
While the Q1-Q3/2016 period in Israeli private equity can be viewed as having the best performance in
Equistone Partners Europe-backed Apogee Corporation has bolted on Hibernian Business Equipment, an Irish print management and managed print services provider.
The deal marks the second acquisition since Equistone provided a significant investment in September 2016.
Apogee has completed acquisitions in Scotland, Wales and Germany this year and will continue to make further acquisitions to drive growth in the UK and Europe.
Based in Limerick, County Tipperary with additional offices in Dublin and Galway, Hibernian is a provider of print technology and services to both the public and private sector. Many government agencies and commercial organisations rely on Hibernian
The number of European private equity-backed deals declined during the summer holiday period, down 15.1 per cent to 309 transactions in Q3 2016 from the 364 transactions seen in the previous three months.
This is according to preliminary figures from the Q3 2016 Private Equity Barometer, published by unquote” in association with SL Capital Partners.
The combined deal value also decreased by 23.5 per cent.
The average deal value in the third quarter (EUR80 million) was 9.9 per cent lower than that of the second quarter (EUR88 million).
Overall the year to Q3 2016 witnessed total deal
IK Investment Partners’ IK VIII Fund has reached an agreement to acquire Granite Holding (Schock), a granite kitchen sink manufacturer, from HQ Equita.
Financial terms of the transaction have not been disclosed.
The original inventor of the manufacturing technology commonly used in the production of granite sinks, more than 60 per cent of all quartz composite sinks manufactured worldwide are based on the production technique developed by Schock.
Based on a quartz-acryl composite developed by Schock, the company’s premium product is three times as hard as natural granite and superior in product performance to sinks made from other
UK venture capital investor Albion Ventures has completed the acquisition of OLIM from Close Brothers Group.
The acquisition was first announced on 27 September 2016, subject to regulatory approval.
OLIM is a fund manager specialising in UK quoted equities, with around GBP500 million of assets under management.
The completion of the acquisition further diversifies Albion’s investment management expertise into quoted equities and increases its assets under management and administration to over GBP950 million.
SPLIO, a SaaS-based customer experience software company, has secured a EUR10 million fundraising supported by three funds – Digital Ambition Fund, BNP Paribas Développement and Amundi Private Equity Funds.
Digital Ambition Fund is managed by Bpifrance under the Future Investment Program led by the Commissariat-General for investment (CGI).
Leveraging its relationship with over 500 customers in the retail and luxury goods sectors, SPLIO developed SPRING, the first cloud-based CEM platform dedicated to retailers.
In 2015, SPLIO generated a turnover of EUR16 million.
The goal of SPLIO’s new management team, put in place by the founders, will be
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