Managers
Schroders has completed the acquisition of Adveq, an asset manager investing in private equity globally.
The acquisition, which was announced on 20 April 2017, has now received approval from the regulators. Adveq has been renamed Schroder Adveq.
The acquisition of Adveq accelerates the growth of Schroders’ private assets business, with more than USD7 billion of client commitments, complementing existing capabilities and expertise in the real estate and infrastructure finance sectors.
Sven Lidén, CEO of Schroder Adveq, says: “We are pleased to have received such a high level of support from our clients and other stakeholders for our partnership
Global investment bank Drake Star Partners has reported a record first half 2017 when compared to its H1 2016. The firm has successfully closed 18 transactions in 2017 year-to-date against 14 deals closed over the same period in 2016 (on a total of 28 transactions in 2016).
Drake Star focuses on M&A and fundraisings for the technology, media and communications (TMC) growth and mid-cap sectors. This latest milestone brings the firm’s total number of transactions completed to over 300 since 2004, 70 per cent of which are cross-border.
Drake Star’s latest track record also highlights the firm’s deep sector
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
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