Allocations
Cheshire mobile application software developer Kirona Group has secured a significant investment from mid-market private equity firm LDC.
The business, which is based in Alderley Edge, was established in 2003 by former Oracle executives David Murray and Neil Harvey, and develops FFA solutions for a wide range of industries across the public and private sectors. It employs 33 people, including 20 software developers.
The firm’s software solutions maximise productivity and improve service levels by connecting clients, the office and field in near real time. Easily integrated with all back-office systems and compatible with all mobile operating systems, including
Specialist finance and advisory firm Trafalgar Capital Advisors (TCA) has closed a USD5m equity line to US-listed Omni Ventures Inc, a manufacturer of high-end fashion products.
The loan facility has been provided through the TCA Global Credit Master Fund LP, TCA’s master feeder fund that seeks to finance small, growing, private and listed companies. This loan will spur the company in its growth, as well as allow them to take advantage of additional opportunities in their sector.
Omni Ventures, Inc. manufactures and sells its products directly to specialty stores and local chain stores primarily in the United States. It
Advent International, the global private equity firm and the François-Charles Oberthur Fiduciaire Group, have completed the acquisition of the Card Systems and Identity divisions of Oberthur, following workers’ council consultation and the approval of the transaction by relevant market authorities.
Advent International, along with the company’s management, now controls 90% of Oberthur Technologies’ capital. Jean-Pierre Savare, founder of the Oberthur group and his family retain a 10% stake in the capital. The transaction is valued at EUR1.15 billion.
Oberthur Technologies is specialised in digital security based on smart card technology. It is the world’s second largest provider of security
Brynwood Partners VI’s newly-formed portfolio company, Sun Country Foods, Inc, has acquired the Kretschmer wheat germ brand and manufacturing facility from The Quaker Oats Company. Sun Country Foods purchased the rights to the Kretschmer brand in the US, Canada and Puerto Rico.
Additionally, Sun Country Foods acquired the Sun Country trademark. Terms and conditions of the transaction, which closed yesterday, were not disclosed.
Sun Country Foods will be headquartered in Boston, Massachusetts with its manufacturing facility to continue to be located in Manhattan, Kansas. The company intends to retain existing employees to support plant productions.
Kretschmer, an iconic brand that
arGEN-X, a biopharmaceutical company focused on the discovery and development of human monoclonal antibodies from its proprietary SIMPLE Antibody platform, has closed a EUR27.5 million (USD37 million) Series B fundraising round, which was oversubscribed.
The fundraising was co-led by OrbiMed Advisors (USA) and Seventure Partners (France), with the existing shareholders Forbion Capital Partners, Credit Agricole Private Equity, LSP, BioGeneration Ventures, the Erasmus Biomedical Fund, Thuja Capital and VIB also participating. OrbiMed’s founding partner, Dr Mike Sheffery, will join the arGEN-X Supervisory Board.
arGEN-X is developing a highly innovative pipeline of human antibody products from its proprietary SIMPLE Antibody platform. The
StepStone Group is to acquire the funds management business of Parish Capital Advisors, LLP (Parish Capital), a private equity investment manager with USD2 billion in assets under management. The acquisition is expected to close in January, 2012 and is subject to customary closing conditions. Terms of the transaction were not disclosed.
Parish Capital, founded in 2003, focuses on investments in "ESN" managers, or experienced fund managers of small private equity funds with niche-focused investment strategies. It offers institutional investors access to an attractive, but difficult to analyse segment of the private equity market. It is led by Managing Partners David
ABS Group of Companies, Inc has entered into an agreement to acquire Safetec Nordic AS (Safetec), a provider of integrated risk and asset management services. The programs and services of Safetec will strengthen and expand those of ABS Consulting (a subsidiary of ABS Group).
ABS believes that combining the talent and resources of these two entities will result in a consulting organisation that can deliver clients more timely and innovative solutions for today’s operational and business challenges.
Safetec’s focus has been serving customers in the offshore, marine and land-based industries from their key operating centres in Norway, the UK and
Global financial crises and continued market volatility have transformed attitudes toward investing. As managers respond to the evolving needs of investors and their advisors, previously segregated products and segments are converging, according to a new paper from SEI.
Regulated Alternative Funds: The New Conventional, which evaluates the opportunities and challenges managers face when launching and distributing alternative investment strategies in a registered mutual fund or UCITS format, says the convergence is seen in growing capital flows into regulated alternative investment products, most often in the form of UCITS funds and US-registered mutual funds.
During the first half of 2011, more
International law firm Milbank, Tweed, Hadley & McCloy LLP represented O3b Networks in their USD137 million financing for a series of four additional satellites to support super-fast broadband connections to Africa and other emerging markets. The project has been described by the BBC as “one of the most ambitious commercial space projects of the decade.”
In 2010, Milbank represented O3b Networks in its USD1.2 billion financing of the purchase from Thales Alenia Space of its first eight medium earth orbit satellites. This year’s financing of four additional satellites will serve to significantly boost both the throughput and redundancy of
Unifrax Holdings I Corporation (Unifrax), a portfolio company of private equity firm AEA Investors (AEA), has been acquired by American Securities.
The transaction closed on 28 November, 2011. Harris Williams & Co acted as the lead advisor to Unifrax. The transaction was led by Chris Williams, John Neuner, John Arendale, Brent Spiller and Matt McLain from the firm’s Richmond office.
“Unifrax is a true market leader with an exceptional track record of growth and a remarkable management team. We look forward to following the continued success of the business,” says Williams Williams, managing director at Harris Williams & Co.
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