Allocations
Stratus Technologies is to be acquired by an affiliate of Siris Capital Group in a transaction valued at approximately USD352m.
"This is the right deal at the right time for Stratus," says Dave Laurello, president and CEO, Stratus Technologies. "It is a clear endorsement of our strategy, our products and our people. Together we will continue to transform Stratus and take our industry-leading technology and solutions to a broader market, including the cloud."
"We are impressed by Stratus' 30 year track record of providing always-on capabilities for customers' most mission critical applications and are excited by the company's strategy
KKR is supporting the development of European Locomotive Leasing (ELL) a provider of full-service locomotive leasing solutions to freight and passenger operators throughout continental Europe.
ELL is led by a team of rail professionals based in Austria and Germany.
The company has signed a framework contract for the order of as many as 50 state-of-the-art Siemens Vectron locomotives. The first locomotives are bindingly ordered today and will be delivered immediately. The additional locomotives will be delivered from 2014 through 2016 and will allow ELL to satisfy the demand from its expanding customer base.
The locomotive leasing sector in
Koji Drinks, a sparkling soft drinks brand, has completed a follow-on funding round of GBP150,000 from the Angel CoFund.
Future Drinks Company, the makers of Koji, who were one of the first companies to receive funding from the government-backed fund back in May 2012, launched Koji Drinks to the grocery trade this month.
This brings the total funding to date to GBP500,000, following a GBP350,000 first round by the Angel CoFund, Wren Capital and Arion One.
The Bristol-based company has developed an innovative production process, unique to Koji, which infuses a complex extract of natural fruits and
Zoyi Capital has completed its USD20m investment in Camelot Information Systems, a provider of enterprise application services and financial industry information technology services in China.
This follows the announcement by Camelot in September last year that it had entered into a merger agreement for a going private transaction.
Camelot is the largest domestic provider of SAP-based enterprise resource planning services in China and also ranks first in several types of solutions, including teller systems and IT testing, to the financial IT services market. The company has developed a large talent pool of SAP-based ERP consultants, and has long term
Venture capital fund manager Mercia Fund Management (MFM) has added an online logistics platform Dealer Management Portal (DMPortal) to its portfolio of technology investments.
Officially launched in March 2014, the software-as-a-service (SaaS) platform is aiming to revolutionise traditional vehicle auction and transportation by providing an online solution for car dealerships.
The company will join MFM’s expanding digital portfolio, and the SEIS funding will support the official launch of DMPortal.
DMPortal’s centralised vehicle planner enables large car groups with their own fleets to efficiently manage vehicle movements. Whilst vehicle distribution commonly runs at a loss, the DMPortal system facilitates
LBO France-backed Exxelia-Eurofarad, a provider of customised passive components including capacitors, filters and sensors, has completed a EUR175m refinancing.
Crédit Mutuel-CIC and Société Générale CIB acted as mandated lead arrangers and bookrunners of a EUR130m senior financing.
ICG has underwritten a EUR45m mezzanine tranche.
Thanks to this refinancing package a EUR82m dividend was distributed to shareholders.
The new financing structure, which includes a redefinition of covenants, is portable.
In 2013, Exxelia-Eurofarad recorded turnover of EUR115m compared to EUR73m in 2010.
LBO France acquired the company in December 2010.
The Russian Direct Investment Fund (RDIF) has attracted a consortium of international investors from the Middle East and China to invest in Sodrugestvo, an integrated agricultural processor and trader.
Sodrugestvo has revenues of around USD2.0bn in 2013. In the event the transaction is completed, the funds will be used to finance geographical expansion, as well as further vertical integration.
Sodrugestvo is a supplier of soybean meal in Russia. The company also processes rapeseed, trades agricultural commodities and operates logistics, warehousing and port infrastructure business units. Sodrugestvo is incorporated in Luxembourg and has operations in Russia, CIS, Brazil, Northern Europe,
Kohlberg Kravis Roberts (KKR) and Fleur de Lis Energy have formed a partnership to pursue investments in producing oil and gas properties in North America.
The partnership will be part of KKR’s Natural Resources (KNR) platform.
Founded by Porter Trimble, former vice chairman of Merit Energy Corporation, Fleur de Lis Energy specialises in the acquisition and exploitation of producing conventional and unconventional oil and gas assets in North America.
Trimble has 25 years of oil and gas experience and over the course of his career has successfully led the acquisition of over USD6bn of upstream oil and gas
Private equity firm HIG Capital has completed the sale of its portfolio company American Hardwood Industries (AHI) to Baillie Lumber.
Based in Waynesboro, Virginia, AHI is a manufacturer and supplier of hardwood lumber in the US and abroad.
Founded in 1955, AHI is the largest producer in its regions with over 100 million board feet of annual capacity across eleven sawmills and kiln drying facilities in Virginia and throughout the Appalachian territory. AHI sells its products under the Augusta, Blue Triangle and Graham Lumber brands.
HIG originally invested in AHI, then Augusta Lumber, in 2006. Since that time,
M&A is back on the corporate agenda to help deliver growth and expansion, however, corporates around the world are underestimating the costs and resources needed to complete a successful integration.
While the integration phase of a deal may never grab the headlines, it is in many ways the only way to properly evaluate the outcome of a deal, according to a survey by EY.
The right combination: Managing integration for deal success, a survey of over 200 senior corporate executives around the world involved in the deal integration process, found that, based on their most significant deals in the
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
