Allocations
Investec Growth & Acquisition Finance has supported the recapitalisation of Romford-based aviation business Farsound by Rubicon Partners and Grovepoint Capital, an investment partnership focused on the acquisition of industrial businesses in Europe and North America.
Farsound is a global supply chain provider and manufacturer of consumable component parts to the aerospace engine sector. It was acquired in July 2011 by Rubicon Partners and today comprises two divisions: Farsound Aviation and XCEL Aerospace.
The group supplies maintenance, repair and operations (MRO) workshops with parts mainly for overhaul maintenance in the engine after-market. Farsound had a group turnover of around GBP18.9 million
Shareholders of visual analytics software specialist Qlik have approved the sale of the company to private equity investment firm Thoma Bravo.
With the shareholder vote complete, all approvals required to complete the transaction have been received and the transaction is expected to close on 22 August 2016.
Upon closing, Qlik shareholders will be entitled to receive USD30.50 in cash for each share of Qlik common stock they hold.
Lars Björk, chief executive officer of Qlik, says: "We believe our partnership with Thoma Bravo represents a tremendous opportunity to further expand upon our platform-based approach to business intelligence and
Clearwater International has advised the owners of Dutch European Camping Group (ECG) on its sale to French Homair Group (HOMAIR), a provider of camping holidays.
In 2016, ECG will assist more than 100,000 guests when booking their camping holidays and short family vacations. The majority of holidays sold are camping under ECG’s high-end brands, Roan and Go4Camp.
ECG currently owns 1,500 mobile homes and 1,000 luxury tents on various campsites in Italy, France, Croatia and Slovenia. Third party camping holidays are sold on the online platforms www.allcamps.nl and www.go4holiday.nl, which are owned and managed by ECG.
HOMAIR’s acquisition
Mid-market private equity investor Equistone Partners Europe has acquired a majority stake in United Initiators (UI), investing alongside the firm’s current management.
Equistone has acquired the business from Vision Capital and Speyside Equity for an undisclosed sum.
Headquartered in Pullach, Germany, UI is the largest focused global producer of speciality chemical initiators.
With over a century of history, UI globally offers a broad range of organic peroxides, persulfates and selected speciality chemicals. Its broad and diverse portfolio comprises products across four specific business segments: speciality polymers, thermosets, high polymers and chemical specialities. The company employs 600 full-time employees
CEL Global Investment Fund, a private equity fund sponsored and managed by China Everbright Limited (CEL), has completed its first closing with total capital commitments of approximately USD264 million.
CEL Global Investment GP Limited and CEL Global Management Company Limited, each an indirect wholly owned subsidiary of CEL, serve as the general partner and the investment manager of the fund, respectively.
The fund will primarily invest in equities and equity-linked securities of companies established in North America and Europe. The investment targets will generally have proven operational track record and a sound business model with strong growth in the
Marketing automation software developer Marketo has been acquired by Vista Equity Partners, a private equity firm focused on investments in software, data, and technology-enabled businesses.
The transaction, originally announced on 31 May 2016, was completed on 16 August.
The acquisition – which combines Marketo's product and industry leadership with Vista's investment and operating model for high-growth SaaS companies – begins the next phase of growth for Marketo, in which the company will continue to focus on setting the agenda for innovation and thought leadership for the digital marketing industry.
"Ten years ago, we embarked on a journey to
Susa Ventures has held the closing of Susa Ventures II, a USD50 million seed stage venture fund.
The firm plans to make a dozen investments each year in companies that have found strong product/market fit and are building long-term defensibility through proprietary data, network effects and economies of scale.
Susa's first fund, which had a similar focus, is a portfolio of 41 companies that includes Flexport, which achieves economies of scale by handling high shipment volumes; Casetext, which is building the leading resource for legal analysis using a growing network of legal experts; and LendUp, which leverages proprietary data
Prudential Capital Group provided more than USD5.3 billion of private capital in the first half of 2016 to companies and projects globally, increasing its overall portfolio to a record high of approximately USD76 billion in total assets as of 30 June 2016.
Prudential Capital Group is the private placement arm of PGIM, the global investment management businesses of Prudential Financial.
“For more than 75 years, Prudential Capital Group’s commitment to investing in long-term relationships has allowed us to consistently offer financial support to high-quality private and public companies around the world – even during periods of sustained volatility,” says
Integrated Micro-Electronics (IMI) is to acquire a 76 per cent stake in VIA Optronics, an optical bonding and display solutions provider, from Alpina Partners for EUR47.4 million.
Alpina Partners is selling all of its 55 per cent shareholding as part of the transaction. Alpina Partners has been a shareholder in the company since June 2010.
VIA was established in 2005 and has approximately 290 employees across four countries. With its headquarters in Schwarzenbruck, Germany, VIA has research facilities and manufacturing sites in Mörsdorf, Germany and Suzhou, China, and sales offices in Florida and Taipei.
Company founder Jürgen Eichner
Siccar Point Energy, a joint venture owned by Blue Water Energy and funds managed by Blackstone Energy Partners, has acquired an 8.9 per cent interest in the Greater Mariner Area from JX Nippon Exploration and Production (UK) Limited.
This acquisition is the first since Siccar Point Energy was launched in August 2014 following its initial funding by Blue Water Energy and Blackstone.
The Mariner Field, the centrepiece of the Greater Mariner Area, is located in the UK sector of the North Sea, on the East Shetland platform, and is one of the largest remaining oil fields in the UK
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