Managers
Recovery in southern Europe’s markets and stronger performance by manufacturing exporters have delivered for Quaero Capital’s value-driven European Smaller Companies strategy in recent months.
Corporate confidence indicators have continued to improve across Europe as the fears of political risk have given way to the resurgence of the political mainstream, supporting manufacturing exporters which are more sensitive to the economic environment.
With family ownership being particularly prevalent in the ‘Mittelstand’ exporters of Europe, the strategy’s sectoral exposure is well suited to this ‘Goldilocks’ scenario of firmer growth without inflation, according to the managers.
Quaero’s European Smaller Companies Team, writes:
HIG Capital (HIG), a global private equity investment firm with approximately USD22 billion of equity capital under management, has sold its portfolio company Albertville Quality Foods (Albertville) to OK Foods, a subsidiary of Industrias Bachoco.
Albertville is among the largest independent further processors of protein based products. The Company focuses on the development and production of customized center of the plate products that meet the demanding specifications of national and regional restaurant chains and other foodservice channels. The Company operates two facilities in Albertville, AL.
HIG acquired Albertville in 2010 and subsequently completed the strategic add-on acquisition of Sunrise
Noerr has accompanied Italian DiaSorin on the German-law aspects of the acquisition of the international micro-titre based ELISA immunodiagnostic business portfolio from Siemens Healthineers and affiliated companies (Siemens Healthineers).
The publicly listed medical diagnostics specialist was advised by a team headed by Hamburg partners Björn Paulsen and Dr Stephan Schulz.
Upon completion of the transaction, DiaSorin and certain of its affiliates will acquire the business portfolio and related tangible and intangible assets. The acquired assets include in particular the customers´ sales and distribution contracts, the installed base of instruments and the relevant intellectual property. In the context of the
Kynetec, a provider of data analytics and market research for the animal health and agricultural sectors, is investing in product development and expanding its global footprint following a refinancing from Lloyds Bank Commercial Banking.
Headquartered in Newbury, Kynetec conducts research in over 70 countries and has staff in 21 countries worldwide spanning Europe, the Americas and Asia Pacific region. The business is a market leader, with its clients including some of the leading players in the animal health and agricultural market.
Kynetec helps its clients make key business decisions through the annual delivery of over 30 syndicated subscription based
Ardian, the independent private investment company, has signed a Sale and Purchase Agreement with UniCredit for the acquisition of a EUR300 million portfolio of limited partnership interests in European infrastructure private equity funds.
Closing of the transaction is expected in Q3 2017 subject to the approval and rules of the fund manager. This deal represents one of the largest secondary infrastructure transactions in 2017 and confirms Ardian’s leadership in secondary infrastructure Funds of Funds.
UniCredit is a simple successful Pan European Commercial Bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to
I Squared Capital, an independent global infrastructure investment manager, has signed an agreement, through its ISQ Global Infrastructure Fund II, to acquire a 100 per cent interest in Hutchison Global Communications Investment Holding Limited (HGC) from Hutchison Telecommunications Hong Kong Holdings Limited (HTHKH) for approximately HKD14.5 billion.
The transaction is expected to close by October 2017.
HGC is a leading fixed-line service provider to fixed and mobile carriers, OTT service providers, corporate and business, residential and data centres in Hong Kong and around the world. Its over 1.4-million-kilometre fibre network connects to over 14,200 buildings and it is also
Sumeru Equity Partners (SEP) has acquired MDSL, a specialist in Technology Expense Management (TEM) solutions.
SEP, which also owns TEM provider Telesoft, is planning to combine the two companies. SEP has owned Telesoft for nearly one year and believes the combination of the firms will increase scale and global delivery capability.
The two companies will be coming together under the MDSL brand. MDSL’s management team will be comprised of Chairman Ben Mendoza, CEO Charles Layne, CTO Simon Mendoza, CFO Tamara Saunders, COO Daman Wood and Chief Architect Thierry Zerbib.
“MDSL has been succeeding in winning world-class enterprise customers.
AMP Capital’s Infrastructure Debt team has reached financial close on an expansion of its mezzanine debt investment with Alterra Power Corp, a global renewable energy company headquartered in British Columbia, Canada.
Alterra manages eight power plants totalling 825 MW of hydro, wind, geothermal and solar generation capacity in Canada, the US and Iceland. Alterra owns a 363 MW share of this capacity, generating more than 1,500 GWh of clean power annually.
Under the agreement, an additional tranche of USD21.1 million was added to the existing facility the company holds with AMP Capital. The proceeds have been used to partially fund
Baird Capital, the direct investment arm of Robert W Baird & Co, has acquired an interest in Prescient Healthcare Group (Prescient), a product strategy consultancy to the global biopharmaceutical industry.
As part of the transaction, Baird Capital Partner Andrew Ferguson and Principal John DiGiovanni will join the Prescient board of directors. Nick Edwards, founder and former Chairman of Kinapse, will chair the board.
Founded in 2007, Prescient is headquartered in London and has offices in the US, India and China. The business provides product strategy services to help its clients make better clinical and commercial decisions, resulting in enhanced
Callsign, an artificial intelligence-based authentication platform, has raised USD35 million in a Series A investment round led by global venture capital firm Accel and early-stage investor PTB Ventures.
Allegis Capital and cybersecurity industry veteran David DeWalt’s NightDragon Security also participated in the round.
With the proliferation of data breaches, advanced threats resulting in stolen user credentials, there is increasing pressure on companies of all sizes around the world to implement better authentication practices. In 2015 alone, cybercrime cost businesses USD500 billion, and this is estimated to rise four times to USD2 trillion in 2019[1]. At the same time, companies
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