Funds affiliated with CVC Capital Partners (CVC) are to purchase majority ownership of AlixPartners with the firm’s exisiting 125 managing directors maintaining a considerable equity stake in the enterprise. The transaction is subject to  closing conditions and is expected to close this summer. Terms of the transaction have not been disclosed. Hellman & Friedman made a significant investment in AlixPartners in 2006; as part of that transaction, Jay Alix, who founded the firm in 1981, transferred a substantial portion of his interest. He will maintain a substantial minority stake in the firm. Fred Crawford, CEO of AlixPartners, says: “In recent

Ingenious’ Entertainment VCTs (www.ingeniousvcts.co.uk), which recently agreed terms for the successful exit of its stake in the Creamfields dance festival, has made an investment in Liverpool Sound City, a well-established three day international music, media and technology conference and live arts and music festival. The forthcoming (May 17 – 19) Liverpool-based event consists of a network of conferences, expos and live gigs featuring both new artists and established stars. It attracts the world’s top creative and digital leaders to the city, where they can chart the future course of the music, digital and creative industries. The 2011 event captured a

VTB Capital Venture Business and Fast Lane Ventures have former a joint-venture partnership to tap into opportunities in the Russian market. In accordance with the terms of the transaction, VTB Capital Venture Business led series C investment into Fast Lane Ventures with a total value of USD18 million. The funds will be used to develop the current portfolio of companies Fast Lane Ventures has, as well as provide finance for new investments. It will also be used to further strengthen Fast Lane Venture’s team and expertise. Aidar Kaliev (pictured), Global Head of Venture Business at VTB Capital, says: "The Russian

International law firm Akin Gump has advised AF Telecom in relation to a shareholder restructuring of Russian mobile phone operator OJSC Megafon with an aggregate deal value of approximately USD8.5 billion. The transaction closed on 24 April, 2012. The transaction involves AF Telecom increasing its interest in Megafon, Russia’s second largest mobile-phone operator, Altimo selling its 25.1 per cent interest in the company, and TeliaSonera reducing its 43.8 per cent interest to 35.6 per cent.   As part of the transaction, MegaFon is also paying TeliaSonera, AF Telecom and Altimo USE5.15 billion in dividends.   Artem Faekov, corporate partner leading

Atlas Holdings has acquired New Jersey-based Marcal Paper Mills, LLC, a tissue and paper products manufacturer and distributor. The company, now under the guidance of new CEO George Wurtz (pictured), has been renamed Soundview Paper Company. “We plan to focus on superior customer service and product excellence by building on the quality of our people, our equipment, our papermaking skills and our core brand, Marcal,” says Wurtz. “Soundview’s leadership team is comprised of industry veterans with unparalleled experience in the tissue business.  With the strong focus and high standards of this team, Soundview is well-positioned to transform this business, better

Corporate specialists at Shoosmiths have advised Patriot Aerospace on its acquisition of commercial helicopter charter specialist Veritair Aviation. Shoosmiths’ team was led by corporate associate Emma Dolphin (pictured), with support from solicitor Alistair Hammerton. Patriot Aerospace Group is a leading General Aviation specialist in the United Kingdom and Northern Ireland. With operations spanning a full range of national flight training, charter, sales and engineering operations, the group combines three distinct brands, each recognised as experts in their field. The deal, which underlines Patriot’s determination to form a credible UK alternative to the foreign owned companies currently dominating the commercial helicopter

Gresham Private Equity has successfully signed a deal to sell its investment in Olaer to Parker Hannifin, a manufacturer of motion and control technologies and systems. The deal is subject to regulatory approval. The performance of the Olaer Group since acquisition in 2005 will result in an exceptional return on investment for Gresham. With origins as an 18th century UK engineering business, Olaer is one of the world’s leaders in the provision of fluid management solutions. Olaer manufactures, markets and distributes a range of accumulators, oil coolers and filters that represent high quality and superior technology. Present on 5 continents,

Orthofix International is selling its Sports Medicine Business Unit, which operates as Breg, Inc, to Water Street Healthcare Partners for USD157.5 million. The deal is expected to close during Q2 2012. Net proceeds to Orthofix from the sale are anticipated to be approximately USD140 million, which will be used for the prepayment of debt as required by Orthofix’s existing credit agreement. The Company acquired its Sports Medicine business in 2003 with the purchase of Breg, which is headquartered in Carlsbad, CA. The Sports Medicine business provides a portfolio of bracing and cold therapy products to treat a variety of sports

Atlante Private Equity, a private equity fund managed by IMI Fondi Chiusi SGR, has acquired an interest in Svas Biosana, a company based in Somma Vesuviana (Naples) that has been operating for over 40 years in the medical devices and infusion solutions sector. Atlante has invested EUR6 million to acquire a minority interest in the company. “We are delighted to welcome the Atlante Private Equity Fund as one of our shareholders,” says Umberto Perillo, managing director of the Svas Biosana Group. “In such an unsettled economic environment, tackling the challenges posed by the market with the daily support of a

Voyage Care (Voyage), the UK specialist care provider for people with learning disabilities, brain injuries and other complex needs, has acquired Solor Care. Solor Care was previously owned by Barclays Ventures, Royal Bank of Scotland and Management. The acquisition makes Voyage the UK’s clear leader in the provision of learning disability services with 363 care homes and 2,369 beds.   The transaction is being funded with existing cash and a further injection of equity from Voyage’s majority shareholders, HgCapital and SL Capital Partners.   Like Voyage, Solor Care provides high quality personalised support and care for people with complex needs.