Allocations
European mergers and acquisitions (M&A) activity has picked up substantially in 2014 and already looks set to surpass the 10-year European average for the first time since 2007, says Standard & Poor's Ratings Services.
With around USD373 billion booked in 2014, deal flow is comfortably exceeding 2013's relatively subdued totals.
"The risk aversion triggered by the financial crisis, which steered companies toward organic expansion, is beginning to fade as belief resurfaces that growth is returning," says Taron Wade, director at Standard & Poor's. "Low financing costs, the availability of debt, and the rise in acquirers' market caps are enabling
As investors gain more confidence in the global economy, the wheels of the Chinese inbound and outbound M&A industry are expected to turn continuously for the rest of 2014.
Vivian Lam, partner, corporate department at Paul Hastings, says: “The slowdown of the Chinese economy will not have a negative impact on Chinese companies going abroad. On the contrary, more state-owned and privately-owned companies will be encouraged to go offshore to find global opportunities.
“They will make the decisions from a commercial perspective rather than from a political standpoint. The industries they are interested in will be more diversified, such
Improving economic conditions in North America saw 2013 fuel the highest level of volume and values by entry enterprise value (EV) for private equity (PE) exits since 2006, according to EY’s annual North American PE exit study.
The report, Returning to safer ground: How do private equity investors create value? A study of North American exits, highlights that IPOs drove exit activity in 2013.
Increased public market demand and a return of corporate buyers meant that IPOs accounted for 61 per cent of aggregate PE entry value of exits.
The report, now in its eighth year, examines the
LogRhythm, a security intelligence company, has finalised a USD40 million round of new equity financing led by Riverwood Capital with participation by existing investors Adams Street Partners, Access Venture Partners and members of senior management, along with new investor Piper Jaffray.
The proceeds will be used to accelerate investment in product development, sales and marketing and customer service as the company further capitalises on its strong momentum.
“LogRhythm is thriving in the security intelligence market on several fronts and has accelerated growth over the last year,” says Jeff Parks, founding partner of Riverwood Capital and newest member of LogRhythm’s
Privacy Analytics has raised USD3.5 million in a round led by Vanedge Capital, a Vancouver-based venture capital fund.
Vanedge joins the BDC IT Venture Fund and the Ontario Institute for Cancer Research (OICR) as the primary investors in Privacy Analytics.
V. Paul Lee, managing partner for Vanedge, will join the company’s board of directors.
The funds will be used to increase Privacy Analytics sales and marketing efforts, as well as bolster development of its PARAT software product line.
“We are thrilled to be working with Paul and Vanedge, whose team brings deep expertise to help our company
Following its recent launch, ablrate.com has added the first aircraft deal to its peer-lending portal.
The financing opportunity is for an ATR 42-500 turboprop, which is being leased by SATENA, a government backed regional airline in Colombia.
The deal is backed by a major European bank, and will pay a rate of 10 per cent interest per annum, over a period of six years.
Since its launch, ablrate.com has seen strong interest from investors, including family offices and small institutions.
International companies continue to turn to US stock exchanges to connect with American investors for their IPOs and subsequent capital raising, according to BNY Mellon's Depositary Receipts 2014 Midyear Update.
The first half of 2014 saw the highest level of DR capital raisings in the last three years. As of 30 June, 41 capital markets transactions globally raised more than USD9.1 billion, well ahead of the USD3.6 billion raised through 20 transactions during the same period in 2013.
BNY Mellon served as depositary bank for 18 of this year’s deals, which have raised over USD3.1 billion.
Companies from
La Française Group has obtained AIFM approval for all its management companies.
By capitalising on its experience in the registration of UCITS funds internationally and now its AIFM status, the La Française Group is able to extend its services across Europe.
The following Group management companies have obtained AIFM approval:
– La Française AM International (LFI)
– La Française Investment Solutions LFIS
– La Française REM
– La Française des Placements
– La Française Inflection Point
– New Alpha AM
As Alternative Investment Fund (AIF) managers, the companies will be able to manage AIFs in an EU member
Swoon Editions, an online furniture business, has confirmed a GBP4 million Series A funding round to expand its business in the UK, led by Octopus Investments and Index Ventures.
The investment will be used to grow Swoon Editions’ community of ‘insiders’ (interior-savvy people signed up to its email list) as well as increasing the number of designs launched each week.
The team has grown from three to 36 in the past 12 months and an additional 20 roles will be created across a range of disciplines, primarily in the London head office, and also in Vietnam, India and China.
European private equity firm Silverfleet Capital has agreed to acquire AGR Holdings, the petroleum services division of Oslo-listed AGR Group, in a NOK1,640 million (EUR195m) transaction.
Completion will be on or around end of August.
AGR is the largest independent well management group operating globally. AGR delivers well, reservoir, HSEQ, and facilities management services to the upstream oil and gas industry. The company also offers rig access management, consultancy manpower, software solutions and tailored industry training. AGR’s client base comprises some of the largest international and national oil companies as well as a wide range of small and medium sized
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