Allocations
dopay has secured USD2 million in seed funding from ACE & Company, Techstars Ventures and a syndicate of angel investors working for leading banks, private equity funds and hedge funds.
The funds will further the launch of the company’s services in Egypt and help drive expansion into new markets in the Middle East, Africa and India.
Currently, two billion people worldwide have jobs but no bank account. This means they are cut off from even the most basic financial services. Companies that employ these people feel this acutely, they have to manage huge amounts of cash, which is costly and
Milbank, Tweed, Hadley & McCloy has advised IFM Investors on the acquisition of a 24.99 per cent equity stake in toll road operator Organizacion de Proyectos de Infraestructura (OPI).
OPI is the parent company of Concesionaria Mexiquense (Conmex), the operator of the Circuito Exterior Mexiquense, a 110-km toll road system in Mexico City. The final purchase price was MXN9,181 million (USD610 million).
The seller is infrastructure group OHL Mexico.
IFM Investors is a global fund manager with offices in Australia, North America, Europe, and East Asia. Established more than 20 years ago and owned by 30 major pension funds, the
OmniVision Technologies is to be acquired by a consortium composed of Hua Capital Management Co, Ltd, CITIC Capital Holdings and GoldStone Investment.
Under the terms of the agreement, OmniVision stockholders will receive USD29.75 per share in cash, or a total of approximately USD1.9 billion. The agreement was unanimously approved by OmniVision's Board of Directors.
"We are pleased to have reached this agreement, which we believe realises significant value for our stockholders and offers new opportunities for our employees to develop more innovative solutions for customers,” says Shaw Hong, chairman and CEO of OmniVision. "Our Board unanimously concluded that partnering with
Private equity fund manager Clessidra SGR is to acquire a majority equity stake in the Florentine maison Roberto Cavalli.
Founded in Florence in the seventies, Roberto Cavalli has become a brand of reference in the international luxury goods market, thanks to an extensive network of about 200 mono-brand boutiques.
Besides its high-end line “Roberto Cavalli”, the brand also designs the young casual “Just Cavalli”, the bridge line “Cavalli Class”, and the kids “Roberto Cavalli Junior”
SK Capital Partners has closed its previously announced acquisition of a controlling interest in AEB Group, a spcecialist in wine ingredients with growing positions in beer ingredients and food detergents.
SK Capital’s majority ownership was acquired via a capital increase and a purchase of shares from existing investors including Investindustrial, one of Europe's leading investment groups, mainly focused on Southern European companies. Investindustrial affiliates and AEB Group management continue to have minority ownership positions.
AEB Group provides an integrated suite of products and related services – including a full spectrum of biotechnology solutions, processing aids, and specialized equipment – for
Merger and acquisition activity has held up in the UK during the first quarter of 2015 despite the uncertainty created by the election, according to the latest PCPI/PEPI Index from BDO Corporate Finance.
The index, which tracks the multiples paid by trade and private equity buyers for private companies found that private equity buyers are paying more than the previous quarter – 10.9x up from 9.5x while trade buyers are paying less – 9.2x down from 11.7x. The disparity between multiples is explained by the relative growth profiles and size of transaction during the quarter – private equity tended to
London-listed private equity fund JZ Capital Partners has acquired SAC, an operational van leasing company based south of Copenhagen, Denmark.
Led by CEO Rene Ubbesen, who has been with SAC and its predecessor company for over 20 years, SAC’s business model is based on flexible short and long term leases with an average lease period of approximately four years. SAC controls the full life cycle of its product, including procurement, financing, service & warranty and resale.
JZCP acquired 45 per cent of SAC through its EuroMicrocap Fund for approximately EUR2.8 million. Furthermore, JZCP also acted as mezzanine lender, providing EUR4.8
Private equity fundraising through the first quarter is examined in this extract from the Preqin Quarterly Update: Private Equity, Q1 2015.
Q1 2015 has seen a marked drop in the number of private equity funds closed, down from 324 in Q4 2014 to just 166 in the first quarter of the new year (Fig. 1). When compared with Q1 2014, the same downward trend is apparent, with 263 vehicles closed in the first quarter of 2014. However, despite a decline in number of funds, the level of aggregate capital raised has not fallen proportionally. Private equity vehicles closed in
In the Bain & Co Global Healthcare Private Equity Report 2015, the prominence of early stage investments in the healthcare sector is a recurring theme, detailing how larger funds are continuing the trend of investing down market. Preqin’s Funds in Market online service tracks 99 early stage venture capital vehicles currently in market with a focus on the healthcare industry, either solely or as part of a wider industry focus; these funds are collectively targeting USD7 billion in commitments.
Early stage healthcare venture capital fundraising has undoubtedly been strong in recent years: 2014 saw the highest ever amount of capital
Following on from last week’s article, which identified groups that found success through the first three months of 2015, this extract from the Preqin Quarterly Update: Hedge Funds, Q1 2015 looks at which funds and strategies struggled to perform in Q1.
Discretionary CTAs
CTAs experienced a revival in the latter half of 2014 following several years of subdued performance. Trend followers in particular continue to benefit from reduced levels of correlation between markets; systematic CTAs tracked by Preqin’s Hedge Fund Analyst have returned on average 17.18 per cent over the last 12 months. This contrasts markedly with the performance
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