Allocations
Clearwater International acted as sole financial adviser to Palero Capital on the sale of 100 per cent of the share capital of Lausitzer Analytik (LAG) to SYNLAB, a portfolio company of Cinven.
LAG, established in 1993 and headquartered in Spremberg, Germany, is a laboratory testing specialist in fuel, oil and environmental testing with a leading position in Southern Brandenburg and Northern Saxony regions.
The company provides a wide range of environmental testing services including water, soil and air analysis with in-depth expertise in fuel, coal and oil analytics for clients in the mining, industrial and energy producing sectors.
Vulturis Financial Data Services has launched a venture-capital initial public offering yield index.
Based on historical data pertaining to returns of IPOs, the index weighs the average returns and exhibits the feasibility and viability of offering public stock for a start-up.
The VC IPO Yield Index shows the return of VC IPOs relative to the number of filings on a monthly basis.
The ratio uses the adjusted liquidity, or proceeds, of initial public offerings, giving founders a reference point when considering going public.
Vulturis launched the index as a tool for both angel investors and entrepreneurs to
Australian oncology-focused biotechnology company Novogen has acquired Glioblast, a privately-held, neuro-oncology focused Australian biotechnology company.
The transaction includes an upfront payment of AUD2.1 million, comprising AUD600,000 in cash and ordinary fully-paid shares valued at AUD1.5 million.
The shareholders of Glioblast will be eligible for further payments in cash or equity on the achievement of performance-related milestones.
The first two of these milestones provide for the issue of ordinary fully-paid shares valued at AUD1.25 million respectively on commencement and successful completion of a phase II clinical trial of GDC-0084, with the actual number of shares determined on the basis
Kuang-Chi Group has launched its second Global Community of Innovation (GCI) fund, which will invest up to USD250 million in companies developing technology in industries including robotics, internet-of-things, telecommunications, and digital health.
The fund has a focus on global start-ups and follows a previous investment of USD50 million in similar fields.
Through investments of the first GCI fund, Kuang-Chi has taken stakes in companies with a focus on innovative and disruptive technologies, including video intelligence provider Agent Video Intelligence (Agent Vi).
Itsik Kattan, CEO of AgentVi, says: "After Kuang-Chi became a strategic investor in Agent Vi, our cooperation
TorQuest Partners has completed the sale of Global Traffic Technologies (GTT) to Gilbarco.
Terms of the transaction have not been disclosed.
GTT provides priority traffic control for public transit and emergency vehicles, with a growing presence in the broader public transit market for solutions that improve public transportation efficiency, safety and on-time performance.
Michael Hollend, a partner at TorQuest Partners, says: "GTT, a TorQuest Fund II investment, demonstrated an ability to leverage its intellectual property to innovate and develop products for emergency vehicles and transit systems, in North America and abroad. On behalf of TorQuest, we would like
Meilleurtaux.com, a French provider of mortgage solutions advice backed by Equistone Partners Europe, has acquired the insurance comparison website MerciHenri.com through its holding company Finizy.
MerciHenri.com (formerly LeComparateurAssurance.com) specialises in the comparison of health, housing, car and motorcycle insurance.
Christophe Triquet, founder of MerciHenri.com, will join the management of Meilleurtaux.com to lead its property, casualty and health insurance division.
Having negotiated EUR7.2 billion of new mortgages on behalf of its clients in 2015 and recorded 2.8 million unique visits on its website in September 2016, Meilleurtaux.com has grown to become the leading French comparator of loans, both online
Law firm Paul Hastings has advised Goldman Sachs and Deutsche Bank as lead arrangers and bookrunners on the USD815 million term loan B refinancing of Suddenlink’s existing term loan facilities.
Suddenlink is the seventh largest US cable operator with approximately 1.5 million subscribers.
In June 2015, Paul Hastings advised JP Morgan and BNP Paribas in connection with the high yield bond and loan financing of Altice’s USD9.1 billion acquisition of Suddenlink.
In April 2016, Paul Hastings advised JP Morgan, Bank of America Merrill Lynch, Barclays, BNP Paribas, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, and RBC in connection with the USD1.5
Private equity firm Cinven has agreed to sell SLV Group, a German-headquartered provider of residential and technical lighting, to Ardian for an undisclosed amount.
This represents the second successful realisation of an industrials business within the last month, following Cinven’s agreement to sell Italian-headquartered Avio Spazio to Space2 and Leonardo-Finmeccanica on 20 October 2016.
Cinven has a strong track record in Germany; current investments include CeramTec, HEG, JOST, Synlab and Viridium.
Cinven acquired SLV in May 2011 from its founder and HgCapital. Cinven’s industrials and German teams had identified SLV as an attractive opportunity in 2010, developing a close
Maples and Calder has advised Western Digital on the Cayman Islands corporate and financing aspects of the acquisition of SanDisk by its wholly-owned subsidiary, Western Digital Technologies.
The deal completed on 12 May 2016 and valued SanDisk at a total equity value of approximately USD19 billion.
Under the terms of the transaction, each outstanding share of SanDisk's common stock was converted into the right to receive USD67.50 per share in cash and 0.2387 shares of Western Digital common stock.
Alasdair Robertson, global managing partner at Maples and Calder, says: "We are delighted to have assisted our long standing
The Montreux Healthcare Fund now owns the ninth largest care group in the UK following the merger of two of its companies.
The ACH Group, which operated 25 residential services in England, last month merged with The Regard Partnership which provides learning disability, brain injury, and mental healthcare.
The Regard Partnership, headed by chief executive officer Sandie Foxall-Smith, provides care and support for more than 1,000 people making the company the fourth largest UK care group offering specialist learning disability and mental health care.
A Montreux investment vehicle acquired ACH Group in April 2014 for GBP40.5 million. Six
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