FORWARD FEATURES CALENDAR

Allocations

Omnes Capital has sold its stake in the Melkonian Group, a provider of mining and underground works equipment, to the founding family as well as Bpifrance, Amundi PEF and Sofipaca. Based in Aix-en-Provence (Bouches-du-Rhône), the Melkonian Group is a family-owned company that designs, manufactures and sells equipment and spare parts for extracting and transporting minerals in the hard rock underground mining segment. Its offer includes the sale and construction of new or reconditioned equipment and the supply of spare parts and accessories.    Omnes Capital had acquired an equity interest alongside the Melkonian family in the Melkonian Group as part
An affiliated investment fund of financial services private equity firm Lightyear Capital is to sell Antares Holdings, a specialist insurer and reinsurer operating in the Lloyd’s market, to Qatar Insurance Company SAQ. Through Antares Syndicate 1274 the company underwrites a worldwide diversified range of property, casualty, marine and aviation insurance and reinsurance business through Lloyd’s, the world’s largest insurance marketplace.   Lightyear’s chairman and founder Donald B Marron says: “Lightyear was able to identify an opportunity to reposition Antares as a Lloyd’s syndicate in order to enable the company to access the optimal platform for its clients and for writing
Canadian dollars
High Road Capital Partners’ portfolio company Celco Controls has completed the add-on acquisition of Canadian Process & Control.  Based in British Columbia, Canadian Process & Control designs, manufactures, and installs customised process control systems for the resource, refining, chemical, wastewater treatment, and manufacturing industries.    “Canadian Process & Control is a market-leading provider of automation solutions to process-based industries,” says Jeff Goodrich, High Road partner. “This acquisition solidifies Celco Controls’ position as a leader in the automation marketplace in Western Canada by increasing its service offering and expanding its geographical reach.”   “Combining the organisations will provide customers in the
Poland
Grupa o2 and private equity fund Innova Capital have completed the acquisition of Wirtualna Polska. The combined companies will operate on the market under the name Grupa Wirtualna Polska.   The management board of the new company is led by Jacek Świderski, while Łukasz Wejchert will support its development holding a seat on the supervisory board.   “We are becoming the partner of first choice for Internet users and advertisers. We offer a diversity of content-from news through sports, to entertainment and lifestyle, as well as mass services such as Poczta WP and Poczta o2, which have their loyal customer
shaking hands
Alternative asset manager The Carlyle Group has named Jackie Roberts as chief sustainability officer, a newly created position. Roberts comes to Carlyle from the Environmental Defense Fund (EDF), where she was a senior director of the Idea Bank for the US Climate and Energy Program.   Roberts begins her duties in mid-February and will be based in Washington, DC.   Roberts will lead Carlyle’s global environmental, social and governance efforts (ESG) and work closely with its portfolio companies to drive understanding and adoption of ESG principles.   Carlyle co-CEO and chief investment officer William E Conway, Jr, says: “With her
M&A activity for the global chemical industry will likely increase on 2014 due to downstream value-added opportunities, continued strength in specialty chemicals, and portfolio realignments in North America. That is according to the Deloitte Touche Tohmatsu Limited (DTTL) 2014 Global chemical industry mergers and acquisitions outlook, which also projects M&A growth in 2014 as companies focus on key ends markets including agrochemicals, bio-based/green chemicals, and health and nutrition.   "This year developing megatrends like expanding global middle class, population growth, and food security will influence global chemical M&A opportunities in end markets such as agrochemicals, as well as impact M&A
Elbrus Capital, a private equity business in Russia and the CIS, has held the final closing of Elbrus Capital Fund II with capital commitments of USD550m. The fund was oversubscribed, exceeding its target of USD500m and reaching its hard cap.   Additionally, the fund secured USD150m financing from the Overseas Private Investment Corporation (OPIC), which will bring the total available capital for fund investments to USD700m upon finalisation of legal documentation later this year.   The fund has attracted a number of new blue chip institutional investors from Europe, the US, Middle East and Asia. A number of the investors
JTC Group’s funds arm has invested in an IT platform, FrontInvest, to bolster its capabilities in the funds sector. The platform, provided by eFront, follows best practice processes and systems and helps to ensure that JTC Group can fulfil regulatory, financial and tax reporting requirements for its growing roster of fund clients.   JTC Group’s international funds team administers both closed- and open-ended funds established in Guernsey, Jersey and Luxembourg, as well as other non-domiciled fund structures in financial centres, such as the British Virgin Islands and the Cayman Islands.    Its expertise and scope has been enhanced by the
CVC Capital Partners has competed its acquisition of a controlling stake in Skrill Group from a consortium of investors led by Investcorp, which remains a shareholder. Founded in 2001 and with operations across Europe and in the US, Skrill is among the world’s largest providers of digital wallet technology, with 36 million account holders and revenues of over EUR220m in 2013.    Using Skrill, customers can make mobile and online payments conveniently and securely, without revealing personal financial data.  It also provides a safe way to send and receive money instantly, online.   Skrill’s worldwide payment network offers businesses access
Woman
Private equity firm PNC Riverarch Capital has acquired a controlling interest in Women’s Marketing Inc (WMI), a media strategy, planning and buying organisation focused on targeting female consumers and key retailers. Founded in 1982, WMI serves over 250 customers in a wide range of end markets, including health, beauty, fashion, footwear and accessories, cosmetics and food and beverage.   The company’s planning and media buying services span the spectrum of media channels, including print magazines, digital, mobile, social media, out of home and broadcast. The company is headquartered in Westport, Connecticut, with an additional office in New York.   “Bringing

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