Allocations
Standard & Poor's Ratings Services (S&P) has published its first annual league table for private placement deals in Europe, created in collaboration with Private Placement Monitor (PPM).
The table shows that almost EUR7 billion was raised in private capital for European companies in the last year, through 87 deals. And although French private placements continue to dominate, the market is becoming more pan-European with 47% of the deals coming from other countries.
"ICMA welcomes the publication of this survey by Standard & Poor's Ratings Services and PPM, which estimates that the growing pan-European private placement market, including direct transactions,
Funds managed by Clayton, Dubilier & Rice (CD&R) will be partnering with the management of Motor Fuel Group (MFG) to acquire the Company from Patron Capital Partners in a transaction valued at approximately GBP500 million.
The transaction is expected to close in July, subject to customary regulatory approvals.
MFG, acquired by Patron in 2011, is the number two independent petrol and convenience retailer in the UK. Through a series of strategic acquisitions, Patron and MFG management have grown the Company from 48 sites in 2011 to a current total of 373 sites, in addition to operating a dealer network of
Last week US Treasury bond and German bund yields spiked, both hitting a new 2015 high. On Thursday, 10-year German rates reached 1.0% before losing ground later in the day. Intraday volatility reached record highs and according to hedge fund managers, the main driver behind the moves in the fixed income markets is the lack of liquidity. Brokers and dealers hold a small and shrinking percentage of the Treasury market.
BlackFin Capital-backed NeoXam, a provider of front, middle and back office software solutions dedicated to asset managers, asset owners and securities servicing platforms, has acquired SmartCo, an Enterprise Data Management software provider.
The acquisition of SmartCo, which has offices in Paris, Zurich and Boston allows NeoXam to broaden its product offering, to strengthen its R&D capabilities, and to expand its footprint in the UK, Germany and North America. This acquisition follows NeoXam’s investments in Nexfi and Density. SmartCo’s DataHub enables asset management companies, investment banks, and security services providers to collect, verify, revise and deliver financial data from multiple sources
Pioneer Underwriting Limited has launched its Zero Capital AIFMD Investment Management Insurance Policy enabling full capital relief from the 'other funds' provision of the Alternative Investment Fund Managers Directive (AIFMD).
Current policies which meet the requirements of the directive, do not typically address the requirement that the policy excess be held as additional capital. Pioneer’s Zero Capital AIFMD Investment Management Insurance Policy, solves this problem by affording a nil excess for the first loss, requiring no additional capital to be held at the outset of the policy.
Richard Coello Head of Financial Institutions Underwriting at Pioneer, says: "I’m pleased
Brandtone has successfully raised EUR18.5 million in debt and equity financing.
US-based Ares Capital Corporation is providing approximately EUR12 million, with existing Brandtone shareholders Unilever, Syngenta, Verlinvest and Vision Private Equity providing a further EUR6.5 million collectively in equity.
The new funding will be used as working capital to support Brandtone’s immediate expansion into South East Asia and further expansion in Africa and Latin America.
It will also support the company’s entry in to new sectors, including the agri-food and healthcare, and enable it to invest in the leadership and innovation necessary to ensure its offering continues to
Noerr has advised Alteri Investors on the financing of the Basler Fashion Group.
Alteri, a joint venture funded by the private equity fund Apollo specialising in debt and equity financing in the retail industry, provided Basler Fashion GmbH with a working capital loan. Basler was previously taken over by the financial investor Tempus Capital.
Tempus Capital acquired the shares in Basler from a two-way trust into which the shares had been contributed at the prompting of a banking consortium led by Commerzbank. Prior to the acquisition, Tempus had taken over loan liabilities of the fashion group of ca. 80
Clearwater International has advised Staffgroup, on their acquisition by top 10 UK recruitment giant Cordant Group, the parent company of Cordant Recruitment.
Founded in 2003 Staffgroup specialises in recruitment in technology, finance, engineering and energy. It has offices in eight countries in Europe and the USA. The company, under joint Managing Directors Mark Znowski and Paul Flynn, has enjoyed exponential growth; last year the business increased turnover by 40%, to over EUR70 million.
Cordant Recruitment is split into four divisions, one of which is Professional Staffing. The division focuses on recruiting professionally qualified employees, ranging from High-Level Executives to technical
Private equity investor AE Industrial Partners has signed an agreement to acquire Belcan Corporation (Belcan), an engineering services and technical staffing provider in the aerospace, power generation and industrial markets.
Terms of the transaction, which is expected to close by the third quarter of 2015, have not been disclosed.
BelFlex Staffing Network, Belcan’s light industrial staffing subsidiary, is not included in the transaction.
Belcan is headquartered in Cincinnati, Ohio and has been family-owned since its founding in 1958. Belcan has more than 6,000 employees in 49 locations, including 26 engineering design centres and 23 TechServices locations, serving more than 600
Natixis has acted as Financial Advisor, Rating Advisor, Mandated Lead Arranger and Co-Hedge Coordinator for the EUR1.4 billion senior debt refinancing of French virtual power plant Exeltium.
The operation was achieved through an innovative financing structure, combining two pari passu tranches :
• a Bank Tranche of EUR1 billion;
• a tailored Institutional Tranche of EUR435 million, secured by Exeltium and bringing together 9 institutional investors.
This refinancing, effective upon drawdown as of 4 June 2015, offers Exeltium a 15-year tenor in line with the project’s duration.
Acting as Financial Advisor, Natixis assisted Exeltium in designing an innovative
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
