Allocations
The Standard Life European Private Equity Trust’s (SLEPET) net asset value per ordinary share (NAV) rose by 5.8% to 257.4p during the year ended 30 September 2014. The NAV total return to shareholders was 7.7%.
The Company’s portfolio, including net realised gains and income, generated a return of 9.7% during the year. This was after taking account of unrealised foreign exchange losses of 6.3%.
The closing mid-market price of the Company’s ordinary shares on 30 September 2014 was 230.0p, a rise of 16.2% over the year and a discount of 10.6% to NAV.
Recommended final dividend of 5.0p
Nexthink, a provider of End-user IT Analytics, has secured USD14.5 million in a Series D round of funding, led by Auriga Partners with participation from new investor and entrepreneur Gilles Queru and existing investors VI Partners and Mannai Corporation.
Nexthink has raised USD29 million to date and plans to use the new funding to scale internationally, while further investing in the development of End-user IT Analytics solutions for mobility and cloud.
Founded in 2004, following a research project in artificial intelligence at EPFL (Ecole Polytechnique Fédérale de Lausanne) in Switzerland, Nexthink has pioneered a new category of IT
Buy-and-build credit and information services business, CSH, has acquired P:Cubed, a South African marketing service provider, for just under ZAR350 million (USD30 million).
These businesses have taken this step in order to support an enhanced and more efficient credit and marketing services platform offering for their clients.
CSH, the holding company for Compuscan, ScoreSharp and Compuscan Academy is pleased to welcome P:Cubed into the Group. The acquisition is the first development of its kind by the Group since Actis, a leading emerging markets private equity firm, bought into CSH by becoming a shareholder in June 2014.
The Group
Palatine Private Equity has backed Character World, a UK-based licensed bedding specialist, in a GBP36m secondary management buyout.
The Cheadle-based company, which employs 74 UK staff and eight in China, is led by brothers Mark and Danny Schweiger. The deal sees an exit for RJD Partners who funded a management buyout with the Schweigers in 2008.
Founded in 1998, Character World works with some of the world’s leading character, gaming and music entertainment companies, providing licensed bedding and associated homeware products for a wide range of children’s age groups from preschool up to students. It acquires the UK product
The latest figures for Jersey’s finance industry reflect a particularly strong performance for the funds sector, with the value of funds business in the island reaching the highest level in five years.
The statistics highlight that the net asset value (NAV) of regulated funds increased by GBP5 billion in the third quarter of 2014, and by around 5.5% year-on-year, to reach just over GBP205 billion, the highest figure since March 2009. In addition, the total number of regulated funds rose by 21 during the quarter.
This was led by another strong performance in the alternative asset classes, with private equity
Lion Capital is to acquire PittaRosso from 21 Investimenti SGR (“21 Investimenti”), a leading mid-market European private equity group, and other minority shareholders including members of the founding family.
21 Investimenti will support Lion Capital and the management, retaining a minority stake in the business. The terms of the transaction were not disclosed.
Founded in the 1920’s by the Pittarello family and transformed into a solid family-run retail chain, PittaRosso was acquired by 21 Investimenti in 2011. Under 21 Investimenti’s ownership and the stewardship of the CEO Andrea Cipolloni and his team, the company has more than doubled its store
Nordic Capital Fund V has sold its entire holding of 7,627,620 shares in Bufa Holding (20.0%, to institutional investors. Nordic Capital no longer holds any shares in the company.
Bufab was acquired by Nordic Capital in early 2005 through a public offering for Finnveden which was listed on the Stockholm Stock Exchange at the time. Shortly thereafter, Bufab became a stand-alone company with an independent management and board of directors.
Under Nordic Capital’s ownership, Bufab established a solid platform for sourcing and sales of C-Parts by expanding its presence from 10 to 23 countries. The Company has grown strongly with
Private equity firm Permira is to acquire 100% of the equity in Teraco in partnership with the company’s existing management team.
Established in 2008 upon deregulation of the South African telecoms market, Teraco is the largest provider of carrier neutral data-centre services in Sub-Saharan Africa. The company offers colocation and related services in highly secure and reliable data-centre environments. The company operates three high quality facilities serving more than 170 clients, including many blue chip companies, across five key client hubs – telecoms, outsourcing, content, enterprise and financial. Teraco’s data-centres are the most interconnected in Sub-Saharan Africa, with customers connecting
Jersey’s strengths as a centre for wealth management, company listings and fund servicing were showcased to over 500 stakeholders in key Asian markets last month, through Jersey Finance’s inaugural Asia Roadshow.
Between 17 and 26 November, Jersey Finance hosted a range of breakfast and lunch events in Hong Kong, Kuala Lumpur, Singapore and finally the United Arab Emirates, featuring a range of guest speakers who discussed trends in the private client, funds, and capital market spaces; including regulation, transparency, and how Jersey expertise and structures are increasingly being employed in an Asian context.
This inaugural Roadshow series builds on
Funds advised by CVC Capital Partners are to acquire a controlling stake in Sky Betting & Gaming (Sky Bet), from Sky Plc (Sky) in a transaction that values Sky Bet at GBP800 million.
The price represents a multiple of approximately 15x EBITDA for the 12 months ended 30 June 2014, reflecting Sky Bet’s record of strong growth and high cash generation.
Sky Bet was formed in 2001 and has grown rapidly to become one of the leading operators in the UK’s online betting and gaming market, through its strong partnership with Sky Sports and its exceptional track record of
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
