Allocations
Atlante Seed, the Intesa Sanpaolo Group Fund and start-up incubator Digital Magics have signed an agreement for the joint development of investment activities in digital start-ups.
The goal of the partnership is to increase investment capacity for the start-ups selected and incubated by Digital Magics, guaranteeing adequate financial resources for their development.
Atlante Seed will join the Digital Magics Angel Network and will have the right to participate in the seed rounds, forming part of the share capital of high growth potential start-ups, co-investing in the companies proposed by the incubator.
This operation forms part of an indirect
Zwitserleven, the Spoorweg pensioenfonds and the Pensioenfonds Openbaar Vervoer have made a first deposit in the SNS FMO SME Finance Fund.
SNS Impact Investing, part of SNS Asset Management, and the Dutch development bank FMO jointly initiated this fund, which aims to support local SME’s in developing markets.
The fund has attracted EUR00m in investments at its first close. Commitments are expected to increase substantially in 2014.
The fund will provide loans to financial institutions aiming at supporting SMEs in developing markets worldwide. Through these investments, hundreds of SMEs will gain access to long term finance in the
An affiliate of Roark Capital Group has entered into a definitive agreement to acquire a majority stake in CKE Inc with senior management retaining a minority stake.
CKE is currently majority-owned and controlled by investment funds affiliated with Apollo Global Management.
Terms of the transaction were not disclosed. The transaction is expected to close in the fourth quarter of 2013, subject to regulatory approvals and other customary closing conditions.
Headquartered in Carpinteria, California, CKE, through its subsidiaries, owns, operates and franchises some of the most popular brands in the quick-service restaurant industry, including the Carl’s Jr, Hardee’s, Green
Exclusive Networks Group has acquired Dubai-based Secureway, a security specialist value added distributor in the Middle East with clients in ten countries in the Gulf region and EUR50m turnover expected in 2013.
This operation follows the implementation last September by Omnes Capital and all shareholders of a capital increase of EUR12m for Exclusive Networks Group and acquisition financing of EUR60m raised entirely from ICG Senior Debt Partner.
Omnes Capital acquired a stake in the company in July 2010 during a primary LBO and owns 69 per cent alongside the chief executive officer, key managers, Edmond de Rothschild Investment Partners
The Royal London Group (RLG) has entered into an agreement with funds advised by independent private equity firm Vitruvian Partners to support a management-led buyout of Royal London 360° (RL360°).
RLG is confident that the transfer of ownership will enable RL360° to achieve its strategic vision through a further acceleration of the growth that RL360° has experienced in recent years.
The RL360° executive management team, led by chief executive David Kneeshaw, will remain unchanged. Following completion, the company will be re-branded.
RL360° will be further strengthened through support from the global reinsurance group Munich Re, as well as
Private equity firm 21 Partners has agreed to acquire Synerlab from Ardian.
The transaction will be executed alongside Synerlab’s management team, led by its president Pierre Banzet.
Ardian will subsequently reinvest in the company in order to support Synerlab with its pan-European development, together with 21 Partners.
Synerlab is a pharmaceutical contract manufacturing firm and a European leader in the production of sterile liquid solutions which do not use preserving agents. The company has expertise in small- to large-size industrial production.
The group has a particular focus on R&D, enabling it to support its clients through the
La Caisse de dépôt et placement du Québec and BMO Capital Partners have invested in Corporation de développement Nautilus Plus, which owns the largest corporate network of fitness centres in Québec.
The investment, made equally by la Caisse and BMO Capital Partners, will enable them to acquire a block of shares of the company and Nautilus Plus to continue expanding its network.
"This financing enables us to support a well-established Québec company that has become a leader in its industry," says Normand Provost, executive vice-president, private equity, of la Caisse de dépôt et placement du Québec. "With its expansion
Kabbee, the price comparison service for London’s minicabs, has completed a GBP3.8m Series A funding round with a view to accelerating its growth in London and beyond.
Octopus Investments, whose past investments include Zoopla.com, Graze.com, SwiftKey and Secret Escapes, led the round, with Simon Nixon, the founder of MoneySupermarket.com, making a significant contribution.
Kabbee will aim to consolidate its position as London’s most popular minicab app by using the investment to develop its market leading technology and to build its brand. The expertise of Octopus and Nixon comes alongside existing shareholders such as Samos (Betfair, Ocado, Goal.com), Pentland (Speedo,
Gear4Music.com, an online retailer of musical instruments and equipment, is set for 50 per cent growth this year, with an increase in turnover from GBP12m to a forecasted GBP18m at the end of the financial year.
The Yorkshire-based company, which employs 100 staff, was founded in 2003 and has continued to grow at a rapid pace since receiving a GBP3.4m investment by Key Capital Partners (KCP) in 2012.
As well as a growth in sales, the company has moved into larger 135,000 sq ft premises on the outskirts of York to further expand its logistics capabilities in the UK
Ardian and Italian private equity firm Consilium SGR have sold Rollon Group to Chequers Capital and IGI SGR.
Based in Vimercate (Milan), Rollon is an Italian manufacturer of linear rails and actuators.
The group generates 80 per cent of its revenues abroad, thanks to its German, French and US subsidiaries. Sales in 2012 reached EUR54m.
The deal was structured as a management buy-out led by the current group chief executive Eraldo Bianchessi. Chequers Capital, a French investment company and IGI SGR, an Italian private equity firm, will hold a majority stake in the group.
In 2010, Ardian
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