Allocations
The deployment of private equity capital in the Europe, Middle East and Africa (EMEA) region reached healthy levels in the first four months of 2014 despite a hiccup in April, says S&P Capital IQ in a new report.
General partners in EMEA deployed EUR3.1bn more capital from January to March compared to the same period last year.
However, deal volume in April was only EUR4.2bn versus EUR9.5bn in April 2013, leaving the aggregate for new entry deals at EUR23.2bn, or 4.5 per cent lower than the same period last year, according to the latest quarterly EMEA Private Equity Market
Segulah IV is to acquire Lokaltidningen Mitt i from VLT, part of Stampen Media Group.
Mitt i publishes 31 local newspapers in the Stockholm region, from Vallentuna in the north to Haninge in the south.
“Mitt i is a profitable company with great potential,” says Marcus Jansson, partner at Segulah. “Mitt i is a well-established brand. We see a number of different opportunities for growing the business during the years ahead.”
Mitt i reaches approximately 900,000 readers every week and generated revenues of SEK300m and operating earnings (EBITA) of SEK70m in 2013. The agreement includes a clause stating
Dunedin, the UK mid-market buyout house, has invested in the GBP69 million management buyout (MBO) of EV Offshore Limited.
The company’s early growth was funded by global energy-focused investor Lime Rock Partners.
The deal, directly originated by Dunedin, employed the firm’s trademark DebtBridge solution.
EV designs, manufactures and provides high performance, ruggedised video cameras that are used to diagnose and analyse problems in oil and gas wells.
EV is based in Aberdeen and Norwich, with R&D and manufacturing facilities based in Norwich. It has a further presence in 17 worldwide locations across Northern Europe, Canada, the US,
Riordan, Lewis & Haden | Equity Partners (RLH) has invested in Clarity Solution Group, a provider of high-value data analytics consulting services.
Clarity helps its enterprise clients increase revenue and reduce cost by discovering hidden trends in the data clients already possess. The company serves clients across a wide variety of industries including financial services, healthcare, media, and manufacturing.
RLH is partnering with Clarity's management team, including CEO Mike Lamble and founders John Papadia and James Urhausen III, to recapitalise the company and further accelerate its growth.
J Christopher Lewis, managing director of RLH, says: "Clarity combines top-tier
Monroe Capital has funded a senior secured credit facility to support the spin-off of BCC Software from its former parent, Bell and Howell, by private equity sponsor Versa Capital Management.
Based in Rochester, New York and founded over 30 years ago, BCC creates postal software solutions and provides extensive data marketing services.
Since launching the firm’s national technology vertical, Monroe Capital has partnered with many of the country’s well known private equity and venture capital firms to finance software, e-commerce, industrial technology and tech-enabled services companies.
EFG Fund Services has been appointed as full service provider to Index Ventures’ latest fund Index Ventures VII, a Jersey-domiciled venture capital fund which has raised EUR400m in commitments from international investors.
The fund will make equity and equity-related investments in early stage companies in the technology field.
EFG Fund Services’ relationship with Index Ventures dates back to 2000 and this appointment brings to seven the number of Index funds to which EFG Fund Services has been appointed.
Index Ventures VII is a Jersey Expert Fund which held its initial closing in April 2014, since when it has
ACCIONA is to partner with Kohlberg Kravis Roberts (KKR) to consolidate and develop one of the largest operating international renewable energy portfolios in the world.
Under the agreement, KKR will invest in ACCIONA Energía International (AEI), the international renewable energy generation business of ACCIONA Energía, the Spanish multinational’s energy division. KKR is making the investment from its global infrastructure fund.
KKR is acquiring a one-third stake in AEI at a price of EUR417m and will help to fund future growth of the renewables portfolio. ACCIONA Energía will retain the remaining two-thirds of AEI.
AEI will hold ACCIONA Energía’s
The UK Green Investment Bank (GIB) is planning to launch a GBP1 billion fund to acquire equity stakes in operational offshore wind projects in the UK.
GIB is seeking a suitable group of strategic, long-term co-investors to participate in the capital raising exercise.
The fund will be managed by a GIB subsidiary which is currently regulated by the Financial Conduct Authority (FCA) and will be seeking permission from the FCA to become a regulated fund manager.
With 3.6GW of installed capacity, 1.4GW in construction and a number of further projects in the pipeline, the UK sector is set
Private equity house LDC is to exit from UK commercial real estate consultant GVA once its merger with Bilfinger, the EUR8.6bn-turnover global engineering, construction and real estate services group, is finalised.
LDC’s initial investment of GBP40 million for a minority stake in GVA in 2007 supported the company’s growth through acquisition.
The merger will result in LDC, which currently holds a 27.5 per cent stake in GVA, exiting the business following a sustained period of investment that has helped GVA realise its growth plans.
Contracts have been exchanged and there was a 99 per cent shareholder vote –
Urban&Civic, a portfolio company of private equity firm GI Partner, has completed its reversal into Terrace Hill Plc and the subsequent relisting on the Main Market of the London Stock Exchange.
GI Partners established Urban&Civic with the management team of Nigel Hugill (chairman) and Robin Butler (managing director) in 2009. The company was set up to acquire strategic land sites in the UK and take these assets through the allocation and planning consent process to deliver large scale residential and employment led developments.
Urban&Civic's first acquisition was the 1,432 acre Alconbury Weald site near Huntingdon in Cambridgeshire, a former
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