Allocations
Deal activity in the Australian PE market in FY2014 was lower than in the previous year in terms of total deal size, but deal numbers were up, largely due to more bolt-ons and follow-on investments.
That’s according to the sixth annual AVCAL Deal Metrics Survey of private equity (PE) and venture capital (VC)
activity, which covers USD94.1bn worth of transactions conducted by 238 funds between FY2005 and FY2014.
Whilst the lower and mid-market segments remained fairly active compared to the previous few years, the smaller number of deals at the larger end impacted on the overall dollar value of transactions.
Gibraltar Financial Services Commission (FSC Gibraltar) and The Swiss Financial Markets Supervisory Authority (FINMA) have just reached a Memorandum of Understanding (MoU) to assist managers of alternative investment funds (AIFs).
The MoU covers mutual assistance in the supervision and oversight of AIF managers, their delegates and depositaries that operate on a cross-border basis in the two jurisdictions.
This development comes in light of the increasing globalisation of the world‘s financial markets and the upsurge in cross-border operations and activities of Managers of alternative investment funds.
Through this MoU, the authorities are expressing their willingness to cooperate in the interest of
Neurio, a home intelligence technology company, formerly known as Energy Aware, has secured CAD1.5 million in seed funding led by BDC Venture Capital.
This latest round of financing will be used to fuel the company’s growth and transformation of the intelligent home marketplace by supporting the continued evolution of their innovative technology platform and the growth of the company’s employee base.
Neurio is a revolutionary new technology that delivers improved home security, comfort and energy efficiency. Neurio makes ordinary homes smart by monitoring individual electrical devices such as appliances, water tanks and heating and cooling systems, through a single
Veritas Financial Partners has raised USD125 million in debt and equity to provide for future growth. The company recently entered into a credit facility with BMO Harris Bank NA.
Veritas also secured a private equity investment from funds managed by Atalaya Capital Management as part of a strategic transaction which occurred earlier this year. Veritas will utilise the proceeds from the credit facility and the equity investment to continue expanding its lending platform.
“We are pleased with the closing of this credit facility and infusion of equity, which enhances our ability to serve our growing portfolio of borrowers,” says Gary
Thoma Bravo, a leading private equity investment firm, has completed its acquisition of Compuware Corporation in a transaction valued at approximately USD2.4 billion, or an aggregate value of USD10.75 per share.
This includes a net cash payment of approximately USD10.39 per share of common stock and the value of Covisint shares previously distributed to holders of Compuware equity. With the transaction completed, Compuware’s stock has ceased trading on the NASDAQ under the ticker symbol CPWR.
“Compuware has established market-leading franchises in both application performance monitoring and mainframe solutions,” says Orlando Bravo, a managing partner at Thoma Bravo. “The Thoma Bravo
Velocity Trade Holdings and Sanlam Securities UK have entered into a strategic partnership for the purposes of providing reciprocal access to, and increased exposure of, each party’s respective corporate finance and brokerage services within the Canadian junior and mid-cap resource sector, primarily mining.
London-based Sanlam Securities UK has an established small cap mining sector franchise, and specialises in corporate finance, institutional brokerage services, and research and sales for small to mid-sized United Kingdom and African based resource issuers.
The team at Velocity Trade specialises in turn-key services and solutions, as it relates to listings on Canadian Stock Exchanges, mineral property
Cathay Capital has held the final closing of the Sino French (Midcap) Fund, which will partner with French, Chinese and European companies of the midcap segment, at EUR500 million.
The fund’s hard-cap was reached less than six months after the official launch of the fund and a first closing carried out in June 2014. In addition to Bpifrance and China Development Bank, long-term partners of Cathay Capital who both contributed EUR100 million, this investment fund was also subscribed by around thirty other investors drawn from Europe, China and the Middle East.
A majority of Cathay’s historic investors chose to
Orliman, owned by The Riverside Company, has acquired the French orthopedic company Soft Medical Europe (SM Europe).
SM Europe designs and distributes non-invasive braces and supports in France. The company’s broad portfolio of 120 high quality and value-oriented products are sold under its own brands Ortheis, KidOrtho and FeetPad, and the Ezy Wrap brand, under an exclusive distribution agreement with a US manufacturer. SM Europe principally sells through pharmacies, but also offers products in orthopedic shops and medical facilities.
SM Europe will be incorporated into Orliman, Riverside’s existing orthopedic company, headquartered in Valencia, Spain. The two companies complement each other
PetSmart is to be acquired by a consortium led by BC Partners, Inc at a price of USD83.00 per share in cash, representing a premium of approximately 39% over PetSmart’s unaffected closing share price on 2 July, 2014.
The consortium includes Funds advised by BC Partners (BC Funds), alongside several of its limited partners, including La Caisse de dépôt et placement du Québec (La Caisse) and StepStone. Longview Asset Management, which owns or manages approximately 9% of PetSmart’s outstanding shares has committed to vote in favour of the transaction. Longview will participate in the consortium only with respect to approximately
Kuwait Pipe Industries and Oil Services Company (Kuwait Pipes) has signed a settlement term sheet for the commercial debt of around KWD130mn with its participating commercial lenders to bring a comprehensive and permanent solution to the Company’s capital structure.
The settlement term sheet was signed by Abdulkareem Abdullah Al-Mutawa, Board Member and Head of Re-Structuring Committee of Kuwait Pipes, and representatives from five of the Commercial lenders. The signing took place at Global Tower and was attended by Mrs. Maha Al-Ghunaim, Vice Chairman & Group CEO of Global Investment House (Global), the financial advisor to Kuwait Pipes, and representatives from
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
