Managers
BDO publication Horizons reveals that global mid-market M&A activity in Q2 2018 dropped 6.6 per cent; in other words, a total of 1,782 deals were registered, representing a total deal value of USD157.8 billion – or a 4.5 per cent drop – compared to Q1 of this year.
When the statistics from Q2 2018 are contrasted with those of Q2 2017, the decrease is even more significant, showing 353 less transactions (-16.5 per cent) and a USD22 billion decrease in value (-12.3 per cent). Only when looking back a full five years do we find lower figures: specifically to Q3
Financial services private equity firm AnaCap Financial Partners’ (AnaCap) AnaCap Credit Opportunities III fund has acquired a 1st lien corporate debt/loan portfolio from local bank Nova KBM (NKBM).
The servicer is Elements Capital Partners. The gross purchase price or claim amounts have not been disclosed.
In addition to completing this initial debt deal in Slovenia, AnaCap views the country as highly attractive for further investment and says it is looking forward to exploring a programme of additional opportunities.
Two months after acquiring FIM Services Limited (FIM), an alternative fund manager specialising in UK-based sustainable forestry and renewable energy investments, Gresham House is expanding FIM Solar Distribution, with the opening subscription for its new “D” Partnership Shares subject to a minimum investment of GBP95,040. The closing date for this offer is 28 September 2018.
FIM Solar Distribution is an established trading partnership which already owns six UK solar parks with an enterprise value of GBP45 million. The capital raised as a result of the subscription will be combined with the Fund’s existing cash resources to acquire additional solar parks.
The value of UK M&A deals involving e-retail businesses has jumped to GBP461 million in 2017/18, a fourteen-fold increase from just GBP31 million the previous year, says RPC, the City-headquartered law firm.
RPC says that this M&A activity has been driven by deals targeting luxury fashion e-retailers, as both luxury brands and retailers look to rapidly expand their online sales presence.
RPC explains that, historically, many luxury brands deliberately tried to restrict sales of their products online on the basis that this might impact their ‘exclusive’ image, preferring instead to sell through high-end boutiques or department stores. The last
Compass Banca (Compass), which is 100 per cent owned by Mediobanca, is to acquire 19.9 per cent of PT BFI Finance Indonesia Tbk (BFI Finance) from the Trinugraha consortium which currently owns 45.7 per cent of the share capital.
Upon closing, Compass will become one of the largest shareholders in the company. A further 11 per cent will be acquired by StarFinance, a SPV gathering certain Italian private investors. The deal is expected to close by once the relevant authorisations have been received by year-end 2018.
With this deal the Mediobanca Group is continuing its strategy of redeploying
Calculus Capital, an Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) specialist, has invested GBP2 million in Oxford BioTherapeutics (OBT), a clinical-stage oncology company that is developing next-generation cancer treatments.
OBT has a strong pipeline of ‘immune-oncology’ (IO) therapies that are intended to provide more targeted, specialised treatment strategies for patients by recruiting the body’s immune system to recognise and attack cancer cells. Patients who would benefit would include those who have not responded to other treatments, as well as those diagnosed with advanced cancers.
Additionally, OBT has two unique development platforms, employed to support the company’s own
Mid Europa Partners, a private equity investor focused on Central and Eastern Europe, has completed the acquisition of JS Hamilton, partnering with its founder, Jan Olszowski who will remain involved in the business.
JS Hamilton is a testing, inspection and certification company in Poland engaged in food, non-food, fuel and environmental testing, as well as cargo and engineering inspection.
The Company operates 13 laboratories across Poland and CEE serving customers in Poland, Croatia, Hungary, Latvia, Lithuania and Romania.
Green Acre Capital (GAC) has launched the Green Acre Capital Fund II which is exclusively dedicated to making investments in the cannabis industry.
This is the second cannabis fund in the GAC umbrella which follows Green Acre Capital Fund I, a USD25m fund with a focus on ancillary Canadian opportunities that launched in 2017.
The Fund’s strategy is to invest in early and growth stage private companies that are well positioned to grow rapidly in the burgeoning global cannabis industry. The team continues to be led by Managing Directors, Matt Shalhoub and Tyler Stuart, with an advisory board that
ARQIS has advised AVS Verkehrssicherung (AVS) on its acquisition of KMK Projekts, a provider of traffic safety products and permanent road marking in Latvia.
The purchase price has not been disclosed.
Founded in 1994, KMK Projekts provides and installs crash barrier systems and offers horizontal road marking, on both urban roads and highways. In addition, KMK Projekts designs and plans permanent traffic flow and temporary traffic organization solutions. The company’s clients include both public authorities and municipalities as well as private companies and individuals. Headquartered in Riga, KMK Projekts is a member of Latvian road construction companies’ association (Latvijas
Noerr has advised the investment company Mutares and its subsidiary Donges SteelTec on the strategic acquisition of Tata Steel’s roof and facade system division operating as the Kalzip Group.
Donges, headquartered in Darmstadt, Germany, has so far been operating in the steel bridge and structural steel construction business in the DACH (Germany, Austria and Switzerland) region, whereas Kalzip is a supplier of aluminium steel envelopes. Kalzip, which is headquartered in Koblenz, Germany, and has major sites in England, Dubai and India, achieved sales of more than EUR60 million last year. The newly founded Donges Group combines these complementary product portfolios
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