Managers
GALA Kerzen, a leading manufacturer of candles backed by Equistone Partners Europe (Equistone), has acquired a majority stake in the Berlin-based candle manufacturer JuwelKerze (JuwelKerze).
This follows GALA Kerzen’s recent acquisition of a majority stake in Indian manufacturer Ramesh Flowers.
Through these acquisitions, GALA Kerzen is positioning itself widely and developing significant synergies within a global network. The founders of JuwelKerze, Martin Werle and Marius Stolarski, will retain a shareholding in the company as well as receiving a significant interest in the GALA Kerzen group. The financial terms of the deal are undisclosed and completion remains subject to the
Noerr has advised the Lendico Group, a specialist in business lending, on the first major takeover of a fintech company by a bank in Germany.
The buyer is ING Deutschland GmbH, the parent company of ING-DiBa AG. The parties have agreed not to disclose the purchase price.
The Noerr team which advised on this transaction was headed by the Partner Hans Radau and the Senior Associate Armin Bartsch. Both have extensive expertise in advising fintech companies and have, besides Lendico, advised the online lending platforms Zencap and Spotcap and the Chicago fintech company Joinesty on its European market entry.
MPC Capital, an international real assets investment manager, has formed a joint venture with Martifer Renewables, a developer of wind and solar energy projects.
MPC Capital and Martifer Renewables will form a strategic partnership cultivating and supporting distributed generation and utility scale solar PV and wind renewable energy products throughout Colombia.
“We are excited to expand our regional development efforts into the Colombian market and to take advantage of highly attractive, niche investment opportunities,” says Dr Roman Rocke, Management Board Member, MPC Capital. “This partnership illustrates our on-going commitment to expanding our renewables infrastructure investment platform and activities in
Private equity firm TA Associates has completed a majority investment in Confluence, a global leader in investment data management automation for regulatory, investor communications and performance reporting. Financial terms of the transaction have not been disclosed.
Founded in 1991, Confluence is a financial services data management software platform that offers mission-critical regulatory, investor communications and performance reporting solutions to the global asset management industry. The company serves several of the top global fund administrators and asset managers, and over 90 per cent of the United States mutual fund market. Confluence is uniquely positioned as the only unified data-driven software platform
Tikehau Capital has agreed to participate in the IPO of DWS Group (DWS) with a EUR250 million order that is valid throughout the price range of EUR30.00 to EUR36.00 per share that was announced on 11 March 2018.
Tikehau has initiated discussions with DWS on potential areas of cooperation, including alternative asset management distribution.
Antoine Flamarion, co-founder of Tikehau Capital, says: “Tikehau Capital welcomes the prospect of being an anchor investor in DWS. We have identified meaningful areas of mutual cooperation and complementarities and we look forward to working together on the implementation of our respective growth strategies.”
JZ Capital Partners Limited has sold Paragon Water Systems (Paragon) to Culligan Water for USD16.2 million in gross proceeds (including escrows), representing an increase of approximately USD3.7 million, or 29.6 per cent on the carrying value of Paragon of approximately USD12.5 million as of 31 January 2018.
In addition to increasing JZCP’s overall NAV as of 31 January 2018 by 0.4 per cent, this transaction represents a gross multiple of invested capital (MOIC) of approximately 1.8x and a gross internal rate of return (“IRR”) of approximately 18.4 per cent.
Founded in 1988 and headquartered in Tampa, Florida, Paragon develops and
ICV Partners, an investment firm focused on middle market companies, has acquired Outpatient Imaging Affiliates (OIA), a provider of outpatient radiology services in partnership with leading health systems across the country.
ICV acquired OIA from the company’s founder, Frank Kyle and MedCare Investment Funds, a privately held family office.
The ICV team will work closely with Cannon King, President and Chief Executive Officer of OIA, who has been instrumental in growing OIA from a startup company to one of the nation’s most well-regarded outpatient imaging companies. He will continue as CEO and will work with ICV to implement their
Flexion Mobile Limited, a London-based company that provides its game distribution platform to developers, has raised USD10 million to continue its global expansion and will now apply for listing on Nasdaq First North in Stockholm during 2018.
Flexion offers game developers a unique way to reach users by allowing them to effortlessly launch on global platforms such as Amazon and Samsung but also a range of regional channels in Asia and the Middle East.
“In the last 12 months, developer interest in distribution outside the traditional channels has reached new levels and we are now preparing for further growth.
The prestige lifestyle beauty brand Supergoop! has secured a significant minority equity investment from Encore Consumer Capital, a private equity firm that invests exclusively in consumer companies.
Founded by Holly Thaggard, Supergoop! was created to educate and inspire the world to wear ‘SPF Every. Single. Day’ and delivers on that mission with its innovative, feel good, clean ingredient formulas that fit seamlessly into the daily routines of women, men and children of all ages. The brand has always been a favourite of consumers, retailers and the press, and is poised for its next steps as consumers increasingly understand and embrace
Cairngorm Capital Partners (Cairngorm Capital) has acquired Parker Building Supplies (Parkers), an independent builders’ merchant based in the South East of England. Cairngorm Capital is acquiring the business from its founder and Managing Director, Tom Parker.
This is Cairngorm Capital’s 13th proprietary transaction since July 2016. Cairngorm Capital will seek to expand Parkers through a combination of organic growth and acquisitions. The aim is to transform the scale of the business, to become a market leader in the builders’ merchant sector in southern England.
Founded in 1984, Parker Building Supplies serves trade and retail customers with its core offering
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