Managers
Orrick has represented the key institutional shareholders in Farfetch’s USD5.8 billion initial public offering on the New York Stock Exchange.
Orrick advised JD.com and Condé Nast, as shareholders, and Vitruvian Partners, as a selling shareholder, in the offering on the New York Stock Exchange.
Orrick previously advised JD.com, Farfetch’s largest shareholder, as well as Vitruvian Partners and Condé Nast in their initial investments in Farfetch. Last year, JD.com invested USD397 million in Farfetch and formed a strategic partnership with the London-based luxury online retailer. Vitruvian and Condé Nast were the lead investors in Farfetch’s Series C and D rounds,
IT services provider ClearPointe Technologies has been acquired by AccountabilIT, a portfolio company of private equity firm WestView Capital Partners. Drake Star Partners acted as the exclusive financial advisor to ClearPointe on the transaction.
Founded in 1993, ClearPointe is an award-winning provider of managed IT services with a longstanding relationship with Microsoft and a strong expertise in helping companies with digital transformations to Azure. ClearPointe delivers Managed Infrastructure and IT Services to mid-sized enterprises globally, with a strong focus in the Southeast United States.
Dennis Cooper, shareholder and advisor to ClearPointe, says “Jeff Baker and the Drake Star team
Despite the flux in many African markets over the past few years, the number of PE-backed IPOs in both African and global stock exchanges has remained relatively constant. Over the 2010-2017 period, PE-backed IPOs generated over USD3 billion, contributing 16 per cent in terms of volume and 23 per cent in terms of value to total IPOs.
That’s according to the African Private Equity and Venture Capital Association’s (AVCA) first report, in conjunction with PwC, analysing IPOs of African Private Equity (PE) portfolio companies on African and international stock exchanges.
The report, which focuses on initial listings between 2010-2017,
Adobe (Nasdaq: ADBE) is to acquire Marketo, a specialist cloud platform for B2B marketing engagement, in a USD4.75 billion deal, subject to customary purchase price adjustments.
With nearly 5,000 customers, Marketo brings together planning, engagement and measurement capabilities into an integrated B2B marketing platform. Adding Marketo’s engagement platform to Adobe Experience Cloud will enable Adobe to offer an enhanced set of solutions to companies of all sizes.
Adobe Experience Cloud enables B2C companies to drive business impact by harnessing massive volumes of customer data and content in order to deliver real-time, cross-channel experiences that are personalised and consistent. Adobe
Media and entertainment group Global has entered the ‘out of home’ (OOH) sector with the simultaneous purchase of Primesight and Outdoor Plus.
The deal sees GMT Communications Partners (Primesight) and Inflexion Private Equity (Outdoor Plus) exiting their respective investments in these companies.
Tthese acquisitions will be the foundation of a new division, Global Outdoor.
Primesight has an OOH advertising estate covering more than 35,000 sites nationwide, reaching over 95 per cent of the UK population. Primesight’s diverse portfolio incorporates large scale roadside billboards, display panels at cinemas and retail outlets and eleven of the UK’s airports including Gatwick.
Funds managed by CVC Capital Partners (CVC) are to make a majority interest investment in UnitedLex, the pioneer of enterprise legal services for the world’s leading corporations, law firms, and universities. The transaction is subject to customary regulatory approvals.
The UnitedLex senior leadership team has fully reinvested in the transaction to further the company’s mission to lead the revolution of the practice of law and legal services delivery and to drive innovation in the legal marketplace.
The investment represents one of the largest transactions to date with any legal services provider. It comes on the heels of UnitedLex
Noerr has advised the investment companies Aleph Capital Partners and Crestview Partners on a planned EUR260 million investment in the DARAG Group.
The financing for the transactions, which is subject to the usual closing conditions including the required regulatory approval, is being carried out via a fund controlled by the investors.
DARAG specialises in the acquisition of inactive insurance portfolios from insurers and reinsurers and has completed 23 transactions worth over EUR740 million in 15 countries since 2009.
Aleph and Crestview have a strategic alliance for European investment projects. As part of this latest investment, Aleph and Crestview
Ironwood Capital has made an investment in Capewell Aerial Systems, a designer and manufacturer of tactical, parachute and aerial delivery products. Founded in 1881, Capewell has been in business for over 130 years.
“Over the past several years, Capewell has increased market share of its primary products and expanded its practice of accretive acquisitions to further diversify its revenue streams, product portfolio, end markets and customer base,” says Alex Levental, Ironwood Capital managing director. “It has built a very flexible foundation.”
Ironwood Capital Managing Director Jim Barra says: “We are pleased the existing Capewell management team will continue to
Rothschild Merchant Banking, the investment arm of Rothschild & Co, is pleased to announce that it has completed the final closing of Five Arrows Capital Partners (FACP), its first corporate private equity vehicle in the United States.
This is the 13th fund raised by Rothschild Merchant Banking over the last 10 years, which brings the total assets under management to more than USD10 billion across four strategies: corporate private equity; senior and junior credit; primary and secondary fund of funds; and co-investments.
The Fund has secured total capital commitments in excess of USD655 million, above its target, from a
Abacus Group, a provider of hosted IT solutions and application hosting for alternative investment firms, has reported revenue growth of 20 per cent year-on-year so far in 2018.
The company has seen a 23 per cent increase in the number of end-users on its flagship IT-as-a-Service product, AbacusFLEXä, and a 28 per cent increase in number of client firms on its cloud platform.
“We marked our first decade of service to the alternative investment community this year, and we are preparing for the next 10 years with a heavy investment in technology and cybersecurity, as well as intentionally-designed office
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