Allocations
Holland Private Equity (HPE) has invested substantial primary capital in Synova SA (Synova) in a capital increase of up to CHF20 million to become the firm’s largest outside shareholder.
The expansion capital will allow Synova to further execute its internationalization, sales expansion and fuel further product development of its unique water-jet guided laser cutting technology.
Tim van Delden (pictured), Chief Investment Officer of HPE, says: "Synova has built a great foundation to become a global market leader in laser based cutting and surface conditioning solutions. Their unique, patented technology and the market demand in multiple sectors provide an excellent basis
The total value of UK mergers, acquisitions, flotations, rights issues and placements was GBP181.4 billion in the first nine months of 2011, an increase of 15.7 per cent on the same period in 2010, according to Experian Corpfin. This was despite the overall volume of deals falling by 6.7 per cent to 3,169.
The value of UK mid-market transactions where a consideration was disclosed was up by 18 per cent to GBP159.5 billion on the year, against just one per cent fewer transactions (549).
Rothschild has been the most active financial advisor by volume with 58 deals, while
Practice Plan, a leading UK provider of membership plans and other support services to dental practices, backed by UK private equity house Dunedin, has made two transformational acquisitions; Isoplan, a UK dental plan provider, and Medenta, the market leader in dental patient finance.
Based in Oswestry, Shropshire, Practice Plan is known for its innovative approach to helping dental practices grow their customer bases by offering marketing, business and consultancy support, in addition to providing practice branded dental membership plans.
These acquisitions form part of an active business expansion strategy, demonstrated by the company’s exceptional growth since Dunedin made its original
Blackboard has completed its acquisition by an investor group led by affiliates of Providence Equity Partners in an all-cash transaction valued at approximately USD1.64 billion in enterprise value, plus the assumption of approximately USD136 million in debt.
As previously announced, the transaction was approved by Blackboard stockholders at a special meeting of stockholders held 16 September, 2011.
Pursuant to the terms of the acquisition agreement, Blackboard stockholders will receive USD45.00 in cash for each share of Blackboard common stock. The transaction represents a 21 per cent premium over the closing price of USD37.16 per share on April 18, 2011,
Monroe Capital has funded a USD27.5 million unitranche facility to support the acquisition of Fabco Automotive Corporation Partners by Wynnchurch Capital, Ltd.
Based in Livermore, CA, Fabco is a leading North American supplier of highly engineered, specialty gearbox, axle and transfer case products for all-wheel drive, medium and heavy duty vehicles used in severe service applications. Prior to the acquisition by Wynnchurch, Fabco was a subsidiary of Accuride Corporation.
Tom Aronson (pictured), Managing Director at Monroe Capital, said: “Our unitranche facility was ideally suited to finance the acquisition of Fabco. A corporate divestiture is always a more challenging transaction. We
Velocis Fund has met its first fund closing target. The real estate private equity fund accepted USD36.5 million in capital commitments and an additional USD4.7 million of co-investment equity for a total of USD41.2 million of equity under management. Incorporating maximum leverage of 60 per cent, this first closing will give Velocis Fund approximately USD100 million in purchasing power.
"This closing has taken our fund from concept to reality," says Fred Hamm, Velocis managing principal. "We are carrying out our original stated strategy and are continuing to pursue real estate assets that meet our investment criteria. While excited about this
Independent fund services provider Butterfield Fulcrum, and Luxembourg Investment Solutions SA (LIS), a regulated (UCITS-licensed) management company, have signed a strategic cooperation agreement to provide a complete suite of management company and fund administration services in Luxembourg.
This relationship offers non-European fund initiators a quick and cost effective solution to launch Luxembourg-domiciled funds with a single point of contact for fund administration and corporate secretarial needs. With a focus on alternative investment funds and structures, this strategic partnership will help investment managers, institutional investors and family offices realise their investment ideas through a unique plug and play solution.
Butterfield Fulcrum
Some 674 private equity-backed buyouts deals worth an aggregate USD60.6bn were announced in Q3 2011, a 23% decrease in value from the previous quarter’s total of USD78.7bn, according to Preqin’s quarterly deals data. A total of 254 exits valued at an aggregate USD56.2bn were announced in Q3 2011, 54% down from the record total of over USD120bn in Q2 2011.
In Q3 2011, 670 private equity-backed buyout deals with an aggregate value of USD60.6bn were announced, a 23% decrease in value compared to Q2 2011. However, aggregate deal value in Q3 2011 is 7% larger than in Q1 2011, when
Latham & Watkins represented DIC, the private equity arm of Dubai Holding, in connection with the sale of Ishraq Dubai LLC (Ishraq Dubai) to Almulla Group.
Ishraq Dubai was 51% owned by DIC and 49% owned by Ishraq Gulf Real Estate Holding BSC, which in turn is majority owned by DIC. Ishraq Dubai owns four hotels in Dubai operating under the franchised Holiday Inn Express brand, located in Dubai Internet City, Al Safa, Jumeirah and at Dubai International Airport Terminal 3.
The Latham & Watkins mergers and acquisitions team was led by Dubai partner Charles Fuller and associate Will Seivewright.
CI Capital Partners, a North American private investment firm, has acquired Galls, LLC, a USD163 million revenue, full service marketer and distributor of public safety, first responder and private security products, from ARAMARK Corporation. The terms of the transaction were not disclosed.
Founded in 1967, the Lexington, Kentucky based Galls markets and sells uniforms, duty gear, footwear, medical supplies and other products used by law enforcement, fire safety, emergency medical, private security and corrections personnel. The Company has built its reputation by providing customers with the industry’s broadest offering of well-recognised products, fast delivery and a high level of customer
Events
12 November, 2026 – 8:00 am
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