Allocations
European private equity firm Cinven has reached an agreement to acquire CPA Global – a global provider of intellectual property (IP) management services and software – for an undisclosed consideration, from its current shareholders, including Intermediate Capital Group (ICG) and the founder shareholders.
The transaction is subject to the approval of a Scheme of Arrangement in Jersey and regulatory clearances, and is expected to close by the end of the first quarter of 2012.
ICG acquired a significant minority stake in CPA Global in January 2010, investing alongside the Group’s management and founder shareholders (a number of patent attorneys in
Mid-market buy-out firm AAC Capital UK has sold Volution Group to funds advised by TowerBrook Capital Partners LP (TowerBrook). AAC UK generated a money multiple of 2.4x on its original investment of GBP49.25m.
Headquartered in Crawley, Volution supplies a range of ventilation products to improve the built environment with an emphasis on energy efficient solutions. Volution’s largest operation, Vent-Axia, is the UK’s leading branded ventilation business and the UK market leader in energy efficient residential ventilation and heat recovery products.
The group also incorporates the Torin-Sifan OEM fan and blower supplier, the UK’s only manufacturer of low energy motors focussing on ventilation
Symplified, the Cloud Identity Company, has raised USD20m in a Series C round of venture capital financing led by Ignition Partners. The company, which tripled revenues and customer adoption last year, is the market share leader in the rapidly expanding cloud identity and access management (IAM) segment with more than three million licensed users of its cloud identity management platform.
Symplified will use the funds to expand operations, service and support, research and development, and marketing resources to satisfy global demand for its cloud service which provides seamless IAM across SaaS, Web and mobile apps used by employees, customers and
American Capital received has USD215 million in cash proceeds from the sale of portfolio company CBIT Solutions Inc – USD2 million (1 per cent) less than the company’s third quarter 2011 valuation of the investment. American Capital’s compounded annual rate of return earned over the life of its total investment in CIBT was 15% for all debt and equity investments, including interest, dividends, fees and expected escrow proceeds.


"We are extremely pleased with the results of our CIBT investment, which illustrates American Capital’s long-term dedication to assisting portfolio companies with flexible financing solutions," says Brian Graff, American Capital Senior Managing Director. "We
Embedded memory and logic technology specialist NeoMagic Corporation has executed a private financing (PIPE) for 6,000,000 shares of the Company’s Common Stock priced at USD0.01 per share. The financing is led by Bluestone Financial LTD investor group and Mediastone LLC, two prominent venture capital and private equity firms.
David Tomasello, NeoMagic’s Chairman of the Board, is managing director of Bluestone Financial and Jorge-Granier Phelps, a member of NeoMagic’s Board of Directors, is managing director of Mediastone LLC.
Also participating in the transaction, are Syed Zaidi, President and CEO, and Charlotte Willson, Vice President Finance and Principal Accounting Officer, and two
Ivycorp, creators of Ivytalk, a next-generation enterprise messaging network for businesses and organisations, has received an initial USD1 million in Series A investment capital from a combination of investors led by the Women’s Venture Capital Fund.
"Ivycorp is a great example of the large and growing pipeline of women entrepreneurs building capital-efficient but scalable businesses," says Helen MacKenzie, Managing Director at the Women’s Venture Capital Fund. "Mary Jesse, Ivycorp’s CEO, embodies the entrepreneurial spirit that we look for in our investments. Mary’s successful track record as an engineer and telecommunications executive ensures the level of leadership required to bring a
OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, and a consortium equity group, including the Caisse de depot et placement du Quebec, have sold Cari-All Group Inc to German based cart manufacturer Wanzl Metallwarenfabrik GmbH.
Founded in 1969, Cari-All is the leading manufacturer and distributor of shopping carts, shelving and backroom equipment to retailers across North America.
Since OMERS Private Equity acquired Cari-All in 2005, the Company has strengthened its position in the North American cart market through a number of strategic initiatives, including bolstering the management team, improving operational efficiencies and growing through
Correlation Ventures has closed its initial USD165 million venture capital fund, 10 per cent above the USD150 million target. The firm leverages its analytics to offer entrepreneurs and lead investors co-investment decisions within two weeks. Limited partners include leading endowments, foundations, pensions, family offices, and high-net-worth individuals, including over 30 venture capital peers who invested personally.
Correlation Ventures, with offices in San Diego and Palo Alto, California, is creating a portfolio of over 50 US private companies and has a broad mandate to invest in all stages and industry sectors, including information technology, life sciences, and clean-tech. Launched in late
Lawyers from Walker Morris have acted for Barratts Trading Limited on its acquisition of the majority of the Barratts and Priceless shoe chains from administrators.
The acquisition follows the appointment of administrators, Deloitte LLP, to the Barratts Priceless group of companies on 8 December 2011.
Barratts Trading Limited has acquired 89 Barratts and Priceless stores, together with the ecommerce business of Barratts Priceless Limited, from the administrators, Deloitte LLP. The new business will trade under the Barratts name. As a result of this deal, 1,184 jobs will be saved across UK, the Republic of Ireland and at the Bradford Head
A greater focus from regulators and investors has led to an increased number of hedge fund and private equity managers actively considering strategic moves to more favourable domiciles, according to a new report from Clear Path Analysis. Emerging regions are particularly appealing to investors and as such managers are now looking at the business potential of setting up a presence overseas.
Regulation has been a key driver for this trend following the 2008 Madoff scandal and a general shift towards greater transparency across global financial markets. 2011 has been no exception with laws being tightened and new proposals such as
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