Allocations
Spencer Capital Holdings is to acquire USA Risk Group an independent captive insurance manager. The transaction is subject to customary closing requirements and regulatory approval, and is expected to close during the first quarter of 2015.
USA Risk currently serves over 300 clients, holding $9 billion assets under management. Financial terms of the transaction were not disclosed.
USA Risk is an independent captive insurance manager founded in 1981 by H Lincoln Miller, Jr, a leader in helping to enact legislation enabling Vermont to become the pre-eminent captive domicile within the United States. USA Risk has since established member companies in
Cerner Corp has completed its acquisition of Siemens Health Services' assets, client relationships and associates.
Cerner and the former Siemens business unit have a combined annual research and development investment of more than $650 million. The cumulative resources are expected to speed delivery of the company's next generation of health IT solutions, enabling clients to control costs and improve health care outcomes in their communities.
"By combining client bases, investments in R&D and associates, we are in a great position to lead clients through one of the most dynamic eras in health care," says Neal Patterson, Cerner chairman, CEO and
Presidio Holdings has been acquired by funds affiliated with Apollo Global Management from affiliates of American Securities.
In accordance with the terms of the definitive agreement, which was announced on 1 December, 2014, funds affiliated with Apollo have acquired all outstanding common stock of Presidio. Going forward Presidio Holdings, Inc. will continue to do business as Presidio. Terms of the transaction were not disclosed.
"We are pleased to complete the acquisition and begin moving forward with a new partner. We believe Apollo is a great partner for Presidio, and we are excited about the opportunities this will bring us to
Law firm White & Case advised Mid Europa Partners on its acquisition of a controlling stake in Danube Foods Group BV and Clates Holding BV.
The value of the transaction, which is subject to customary closing conditions and is expected to be completed during the second quarter of 2015, has not been disclosed. Mid Europa Partners (MEP) is a leading buyout investor focused on the growth markets of Central & Eastern Europe. Danube Foods Group, which achieved revenue of more than EUR400 million during 2014, is the leading branded fast moving consumer goods platform in the former Yugoslavia. It includes
Augentius, the global private equity and real estate fund administration specialist, has launched a new compliance consultancy, Augentius Compliance.
The service will support the entire alternatives sector, and marks the very first time a fund administrator has moved into compliance consultancy. Augentius Compliance will offer new customers a free ‘compliance health check’, available on request.
The move comes in response to high demand from clients. Alternatives funds today face an unprecedented, ever-expanding, and ever-changing maze of new regulatory rules and reporting obligations, the details of which differ considerably across jurisdictions. Augentius has already been assisting its clients with FATCA
Micro-fund High-Tech Employees Index, which has been established by Israel’s first secondary market platform, is the first fund in Israel to allocate capital solely for investment in securities that will be purchased from senior employees who work or worked at private Israeli high-tech companies.
Oren Harel (pictured), the Chairman of PrivatEquity.biz, says: “We see strong demand from Israeli and foreign private investors to invest in securities of senior employees at private high-tech growth companies. We intend to act for them and identify the securities of the best high-tech companies in Israel.”
PrivatEquity.biz, Israel’s first secondary market trading arena, is
Glennmont Partners has completed the acquisition of three operating wind farms with a total capacity of 25MW from Diamond Wind Europe and Green Power Development Holding.
The acquisition comprises three wind farms (11MW, 8MW and 6MW respectively) located in the Nord region of France. The sites are located in one of the strongest wind resource areas in the country.
The portfolio has entered into a Power Purchase Agreement with EDF and each wind farm benefits from the 15-year French feed-in tariff regime. Glennmont has signed long-term operation and maintenance agreements with reputable and experienced counterparties, and has secured long-term,
Oakley Capital Private Equity II has acquired a significant majority of the shares in the European companies owned and operated by Damovo II Sarl.
Matthew Riley, founder of Daisy Group, will be investing alongside Fund II and will lead the businesses as Executive Chairman.
The businesses that have been acquired are: Damovo’s operations in Germany, Ireland, Switzerland, Poland, Belgium and Damovo’s Global Services business (collectively, Damovo Europe).
Damovo Europe is a provider of enterprise information communication technology (ICT) services and solutions. Its core areas of expertise are Unified Communications and Collaboration (UCC: IP-enabled voice communications, email exchange services, messaging,
FF&P Private Equity (FPE), has backed the management buy-out of the human capital management software business, Kallidus Holdings Limited (Kallidus).
FPE has invested alongside the existing management team and will take a majority stake in the business.
Kallidus is an award winning provider of SaaS software solutions that helps organisations to recruit, assess, evaluate and develop employees of mid-cap firms across Europe employing between 500 and 10,000 people. The business operates in a large (over $9Bn) global and fast growing (over 20%) market. As an established and high growth player in the human capital management market, Kallidus offers a
WestBridge Capital has completed its first exit from the WestBridge SME Fund, releasing its 34 per cent stake in software company Kallidus Holdings Limited (formerly e2train) via a secondary buyout to FF&P Private Equity.
The deal achieves a 3.7 multiple return for WestBridge investors, and an IRR of 32 per cent over five years.
Kallidus, which is headquartered in Cirencester, supplies human capital management software to mid-market European companies and public sector organisations.
WestBridge Capital supported a management buyout of the company in October 2009 and has provided its trademark mix of financial and management support ever since. WestBridge
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