Managers
King & Spalding has advised BlueLinx Corporation, a subsidiary of BlueLinx Holdings, on the acquisition of all of the issued and outstanding capital stock of Cedar Creek Holdings, a portfolio company of the private equity firm Charlesbank Capital Partners.
The merger agreement provides for an aggregate purchase price of USD413 million on a debt-free, cash-free basis. The merger consideration will consist of approximately USD345 million in cash for payments to the equity holders of Cedar Creek and other closing payments, and approximately USD68 million as the agreed value of capital leases. The transaction was structured as a reverse triangular merger
Burford Capital Limited, a finance and investment management firm focused on law, is to sell its entire investment USD12.8m investment in Teinver for USD107 million in cash, representing an investment gain of USD94.2 million and a return on invested capital of 736 per cent.
Burford’s stake in Teinver stems from an investment in an arbitration matter arising out of the expropriation of two Argentine airlines by Argentina’s government. In July 2017, the arbitration tribunal rendered an award in favour of the claimants; that award entitled Burford to receive more than USD100 million under its funding agreement.
Burford says the
Macquarie Investment Management, the investment management division of Macquarie Group, is to acquire Luxembourg-based ValueInvest Asset Management SA (ValueInvest).
ValueInvest is a specialised asset management business which pursues a unique value-oriented investment strategy across global and Japanese equities. The business is based in the Grand Duchy of Luxembourg and has approximately EUR4 billion in assets under management as at 31 December 2017. The deal is expected to close in mid-2018. Terms have not been disclosed.
Ben Bruck, global head of Macquarie Investment Management, says: “Investors today need skilled active managers across a diverse range of asset classes. Part of
UK meal-kit company, Gousto, has raised a further GBP28.5 million in additional equity funding from new and existing investors Hargreave Hale, Angel CoFund, MMC Ventures, and BGF Ventures, bringing the total amount raised to GBP56.5 million.
The investment shows enormous progress for the company, a first-mover in the highly competitive and fast-growing meal-kit industry, which is predicted to generate USD10 billion globally by 2020 and is already worth an estimated USD3.5 billion in the US.
Founded in 2012, Gousto has seen revenues rocket by nearly 100 per cent in 2017, with the company currently delivering over one million meals monthly.
An affiliate of private equity firm HIG Capital (HIG) has completed the sale of its portfolio company Matrixx Initiatives to Gryphon Investors.
Matrixx, based in Bridgewater, New Jersey, manufactures and markets Zicam brand homeopathic and allopathic over-the-counter (OTC) products. The Company has been engaged in the development and marketing of better ways to feel better through over-the-counter health care products that utilise innovative drug delivery systems for over 20 years.
In February 2011, HIG acquired Matrixx through a take-private transaction and recruited a new management team. The company implemented a top to bottom transformation that resulted in several successful
A consortium consisting of Infranode, Kommunal Landspensjonskasse (KLP) and Mirova, an affiliate of Natixis Investment Managers, is to acquire Oslofjord Varme AS, a Norwegian district heating company, from iCON Infrastructure.
Oslofjord Varme builds, owns and operates district heating and cooling systems in the Fornebu, Lysaker and Sandvika area in the Greater Oslo Area – a high growth area with significant real estate development. The company also holds joint venture (JV) interests in two district heating businesses: Drammen Fjernvarme (50 per cent) and Fredrikstad Fjernvarme (35 per cent).
“Oslofjord Varme is our second infrastructure investment in Norway and is a
JZ Capital Partners Limited (JZCP), a London listed fund that invests in US and European microcap companies and US real estate, is to sell Bolder Healthcare Solutions (BHS) to a subsidiary of Cognizant, one of the world’s leading professional services companies.
Headquartered in Louisville, Kentucky, BHS offers a full suite of healthcare revenue cycle management services to the hospital and physician marketplace in the United States. BHS was formed through a co-investment partnership between JZCP and the Edgewater Funds.
JZCP will realise approximately USD108.0 million in gross proceeds from this sale, representing an increase in net asset value (NAV)
Varagon Capital Partners (Varagon) is serving as administrative agent and joint lead arranger on a senior secured credit facility to support the acquisition of ProVation Medical (ProVation) by Clearlake Capital Group.
Headquartered in Minneapolis, MN, ProVation is a leading software solution provider for intelligent procedure documentation. ProVation is trusted by leading physicians globally, serving approximately 1,500 hospitals and 1,000 Ambulatory Surgery Centers (ASCs), including 16 of the top 20 hospitals for gastroenterology (GI) and GI surgery in the US.
“We are excited to partner with Clearlake in its acquisition of ProVation,” says Sam Kwon, Managing Director at Varagon. “This
Assetz Capital has launched a 1 per cent Spring bonus, giving investors an additional 1 per cent gross target interest until 30 June 2018.
All new funds lent before 4 April 2018 on the Assetz Capital platform will now earn the additional target interest until 30 June 2018.
The 1 per cent Spring bonus is available to both new and existing investors, and all of the Assetz Capital investment accounts qualify, including the Manual Lending Account. ISA-wrapped accounts are eligible too. Any additional interest will be paid in a lump sum within 30 days of the end of the
Legado Capital has acquired Kivuto Solutions Inc (Kivuto) along with a group of investors, including the lead investor, Roynat Equity Partners.
Founded in 1997 by Ram Raju, Kivuto Solutions Inc was established to simplify the management and distribution of software in higher education. The company’s platform powers OnTheHub, a network of custom school branded web stores that provides students with discounted academic software and Texidium, an end-to-end eBook adoption, delivery and reader solution.
For the past two decades, Kivuto has worked with leading software publishers to develop academic programs that empower students and provide them with the tools and
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
