Allocations
Funds advised by private equity firm BC Partners and Canada’s Public Sector Pension Investment Board (PSP Investments) are to acquire a majority stake in Keter Group – a producer of resin consumer products – from its founders, the Sagol family.
The transaction, which is subject to customary approvals and is expected to close in the fourth quarter of 2016, will see the Sagol family retain a minority stake and reinvest alongside BC Partners.
Headquartered in Israel, Keter designs, engineers, produces and distributes a wide range of consumer goods worldwide across multiple categories, such as indoor and outdoor furniture, home accessories,
Shanghai Fosun Pharmaceutical (Fosun Pharma), a Chinese healthcare provider, is to acquire an 86 per cent stake in Indian generic injectable pharmaceutical products company Gland Pharma for up to USD1.26 billion.
The deal will see Fosun Pharma purchase all shares of Gland owned by KKR Floorline Investments in addition to shares purchased from other shareholders of the company.
PVN Raju, founder of Gland, and his son, Dr Ravi Penmetsa (pictured), will continue to be on the board, and Penmetsa will continue as managing director and CEO. The family will retain a stake in Gland.
Penmetsa says: "This transaction
G10 Capital, an affiliate of Lawson Conner, is to be appointed as an alternative investment fund manager (AIFM) by Gresham House Asset Management in order to provide alternative fund management services to LMS Capital.
The LMS portfolio, valued at just over GBP92 million, will form a key component of Gresham House's strategic equity division and leverage the private equity capability of the team.
The award of this investment mandate is in-line with the company's stated strategy to develop its alternative asset management platform, build AUM, both organically and through acquisition, and to grow earnings through asset management and performance
Private equity firms Aksìa Group and Alcedo are to sell Gimi, an Italian home care products provider, to FHCS (Freudenberg Home and Cleaning Solutions), the German owner of several brands including Vileda, Wettex and Marigold.
The transaction, which is subject to approval by antitrust authorities, is expected to complete by the end of the third quarter of this year.
Aksìa Group SGR, along with Alcedo SGR, invested in Gimi in October 2008 with the objective to support its growth, contributing professional management and industrial culture.
With a turnover of around EUR80 million (data from 2015) and over 320
MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group, is to acquire Guggenheim Investment’s 1940-Act mutual fund administration business, Rydex Fund Services.
The transaction is expected to close in the fourth quarter of 2016, subject to regulatory approvals and customary closing conditions.


When complete, the acquisition will provide MUFG Investor Services with a full service offering for investment managers, adding regulated 1940 Act mutual fund and exchange traded fund services expertise to its service proposition, which spans single manager, fund of hedge fund, private equity and real estate funds, pension funds and traditional asset managers.


Pulte Capital Partners has sold portfolio company Southern Air & Heat to MSouth Equity Partners, a private equity fund with USD1.3 billion under management across three funds.
Southern Air & Heat, based in the South-Eastern US, provides heating and air conditioning installation to the nation's largest homebuilders and is also a leading servicer and installer for over 70,000 homeowners across its South-Eastern target markets.
"Our team built Southern Air & Heat from just an idea to one of the largest heating and air conditioning platforms in the US. Southern Air was a highly successful investment for us, and we
IK Investment Partners’ IK 2007 Fund is to sell Vemedia Group, a producer and distributor of over the counter (OTC) drugs, food supplements and medical devices, to an entity ultimately owned by Charterhouse Capital Partners.
Charterhouse also owns La Coopération Pharmaceutique (Cooper), a French OTC drug manufacturer and distributor. The parties have agreed not to disclose the financial terms of the transaction.
The combination of Vemedia and Cooper will create a European market leader in the OTC drugs sector. The two businesses are complementary and will be well positioned to lead the further consolidation of the European OTC drugs
A team of Hogan Lovells lawyers has advised the senior executive management team of VocaLink on its sale to MasterCard for approximately GBP700 million (USD920 million).
Hogan Lovells’ role involved advising VocaLink's senior management on their management incentive arrangements and their position and related matters, including warranties and disclosures. Under the agreement, a majority of VocaLink’s shareholders will retain 7.6 per cent ownership for at least three years.
Based in London, VocaLink operates key payments technology platforms on behalf of UK payment schemes, including: BACS – the Automated Clearing House (ACH) enabling direct credit and direct debit payments between
eSolidar, which launched a crowdfunding campaign on Seedrs on 27 June, has already raised over 50 per cent of its GBP200,000 target and is currently the most successful live foreign campaign on Seedrs.
Portuguese venture capital firm Portugal Ventures has now committed a minimum of EUR50,000 to the company. eSolidar’s founder Marco Barbosa says he is confident of reaching the GBP200,000 target by the end of August.
eSolidar.com is a global giving marketplace, used by Elton John and Katy Perry among 100 other celebrities and brands, that allows people to shop, sell and donate to their favourite charitable causes.
Bretèche Industrie Group, a manufacturer of equipment for the international food and pharmaceutical industries, backed by Equistone Partners Europe and Cerea Capital since 2013, has acquired Shick, a US-based provider of ingredient automation systems.
Founded in 1956 and located in Kansas City, Missouri, Shick is a family firm that specialises in automation solutions for the baking industry. The company is best known for manufacturing silos and dosing equipment for use prior to the kneading phase and generated approximately USD50 million in sales last year.
Following the acquisition of Shick, the group expects to generate consolidated sales of nearly EUR230
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