Allocations
ARX Equity Partners has completed a first close of its latest Central Europe vehicle, ARX CEE IV, at EUR54 million, with total subscribed commitments of EUR66 million.
The fund, which has a target of EUR100 million including commitments from the European Investment Fund (EIF), will continue to execute the ARX value-creation strategy of investing in lower mid-cap businesses and SMEs in select Central European countries.
ARX has completed 22 platform investments and numerous add-on acquisitions over its two-decade operating history in the region. The EIF investment benefits from EU support under the COSME programme funded by the European Commission.
WestBridge Capital has completed a GBP10.5 million secondary buyout of ISG Technology, marking a successful exit for RJD Private Equity which originally backed a management buyout of the business in 2005.
ISG designs, installs and manages mission critical networking infrastructure solutions for blue chip organisations across the UK, including retailers, UK government, quick service restaurants (QSR) and major global ICT and telecommunications companies.
The company has built a strong reputation for delivering rapidly to some of the largest multiple site businesses in the UK. Customers include some of the UK’s largest retail, grocery and QSR operations in the UK, many
Siris Capital Group’s affiliates have submitted a unilaterally binding offer to acquire all outstanding shares of Polycom for a price of USD12.50 per share in cash.
The offer is subject to Polycom terminating its existing merger agreement with Mitel Networks.
Polycom has informed Siris that its board of directors has unanimously determined Siris’ offer to constitute a “Company Superior Proposal” under the terms of its merger agreement with Mitel. Polycom has also announced its intention to terminate promptly its merger agreement with Mitel.
The all-cash transaction is valued at approximately USD2.0 billion, including Polycom’s outstanding debt, which represents
Farallon Capital Management has completed fundraising for Farallon Asia Special Situations III and Farallon Asia Special Situations Master III, an Asia and Latin America focused private investment pool, with aggregate commitments of USD1.12 billion.
"We are very excited to begin investing FASS III and want to thank all of our investors for their continued commitment to Farallon. We take pride in providing flexible and strategic capital solutions to entrepreneurs, key families and business groups, even in a challenging business environment. We look forward to partnering with them to capitalise on the robust opportunity set that we see in Asia," says
HIG Bayside Capital, a credit affiliate of HIG Capital, has held the first close of IDeA CCR (Corporate Credit Recovery) I Fund, an investment platform managed by IDeA Capital Funds SGR (IDeA), at EUR260 million.
The fund, which comprises two sub-funds – a Credit Fund and a New Money Fund – will invest in Italian mid-sized enterprises in distressed situations, aiming to help them restructure and turnaround, and consequently help banks maximise the recovery of their original loans.
The Credit Fund consists of the loans in eight companies contributed by seven leading banks in Italy: UniCredit, BNL/BNP Paribas, Banca
Italian fund 21 Investimenti III is to acquire Philippe Model, a high-end fashionable leisure shoe brand based in the heart of the Riviera del Brenta Italian footwear district and distributed worldwide by top luxury wholesalers.
Founded in 2008 by the Italian designer Paolo Gambato, the company reached sales of over EUR30 million in 2015. Currently about 50 per cent of revenue is realised outside Italy: 40 per cent in Europe (mainly Germany, France and the Netherlands) with the rest in markets such as Japan and South Korea.
The company’s founders were looking for a financial partner to sustain the
Sofiprotéol and Tikehau Investment Management have launched a private debt fund called Sofiprotéol Dette Privée, which will finance the development of agro-food and agro-industrial companies of all sizes through bullet loans or leveraged acquisition financing.
This financing vehicle will be an addition to those already initiated by Sofiprotéol.
As part of the partnership, Tikehau IM will be able to call on Sofiprotéol’s extensive sector expertise. Financed initially by Sofiprotéol and Tikehau Capital alongside a group of first-tier institutional investors, the fund will have more than EUR100m at the first closing, with a target of EUR200m in commitments.
Mathieu
The publication of this Guide comes as shockwaves from the UK's decision to withdraw from EU membership continue to reverberate across the world, raising several challenges for UK-based asset managers distributing across the EU.
As Bobby Johal, Managing Consultant, Cordium, notes: "UCITS funds will still be distributed across Europe, but not in quite so straightforward a manner as is the case presently. UK UCITS will lose their status (under the UCITS directive) and most likely become alternative investment funds (AIFs). If we assume the UK is to be a `third country' (the so-called WTO option: a big assumption, subject to
Global law firm White & Case has advised Avast Software on its agreement to acquire New York Stock Exchange-listed AVG Technologies, a developer of business, mobile and PC device security software applications, for a total consideration of USD1.3 billion.
“White & Case has forged a close relationship with Avast in recent years by advising on a number of key transactions, including the initial private equity investment by Summit Partners in 2010 and the minority investment by CVC Capital Partners in 2014,” says White & Case partner Ian Bagshaw, who led the firm’s deal team. “Advising on this exciting acquisition is
France-based SME lending marketplace Lendix has received its formal CNMV accreditation to operate as a P2P lending platform in Spain.
In April 2016, Lendix completed a Series B financing round of EUR12 million led by major institutional investors including CNP Assurances, with the objective to become a leading Continental Europe actor of P2P SME financing with major ambitions in France, Italy and Spain.
The Spanish entity will be the first Lendix international market to open. It will target financing of credits to SME, for amounts ranging from EUR30,000 to EUR2 million, duration of 18 to 60 months and at
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
