Managers
Vitol Africa has acquired Shell’s 20 per cent shareholding in Vivo Energy, meaning that the firm, in conjunction with funds advised by Helios Investment Partners, now owns 100 per cent of Vivo Energy.
Vivo Energy, the company behind the Shell brand in Africa, was created by Helios, Vitol and Shell in 2011 when Shell divested its majority share in its downstream operations in 14 African markets.
Since then, its shareholders have made significant investments in people and assets, expanding the retail network from 1,300 to 1,780+ stations, its presence to 16 countries and enhancing its industry-leading operational and safety
In the first quarter of 2017, Israeli high-tech companies raised a total of USD1.03 billion in 155 transactions, a 4 per cent decrease from the USD1.07 billion raised in 165 deals in the previous quarter and 8 per cent lower than the USD1.11 billion raised in 174 deals in Q1 2016.
The number of transactions was down 10 per cent in Q1 2017 compared to the quarterly average of 172 deals in the previous three years.
The average financing round reflected a minor increase, with USD6.6 million, compared to the USD6.5 million and USD6.4 million averages of Q4 2016
Global fintech and payment solutions provider Tuxedo Money Solutions has been acquired by Erik Fällström and Andreas H Tuczka, of Aldridge EDC Specialty Finance Partners (AEDC).
The deal completed on 20 April, following the approval of the FCA.
Former co-founder of HOIST Finance, Erik Fällström, and former partner at Lone Star Europe, Andreas Tuczka, will support Tuxedo CEO John Sharman in delivering the company’s growth plans across Europe and beyond.
With extensive experience within financial services, the new investors will help to drive Tuxedo’s diversification and growth on four fronts: customised, white label card and payment programmes; PayTech platform
Funds managed by Cornerstone Partners and Oaktree Capital Management are to acquire IT Kontrakt, a vendor of IT services outsourcing in Poland, from Work Service (WS Group).
The preliminary share purchase agreement was concluded on 31 March 2017.
The transaction requires approvals from relevant third parties, including the consent of the Polish competition authority (UOKiK).
ITKontrakt is a leading player in the IT services outsourcing market in Poland, offering staff augmentation, custom software solutions and managed services for blue-chip multinational clients from various industries including pharmaceuticals, financial services, TMT and automotive.
ITKontrakt has been operating in the
KL Outdoor, maker of Sun Dolphin kayaks, and GSC Technologies, maker of Future Beach kayaks, are to combine to form a single company.
“The merger will create the largest kayak company in the world,” says Mark Becker, partner at Boca Raton-based private equity firm New Water Capital.
Affiliates of New Water Capital completed significant investments in KL Outdoor in December 2016 and GSC Technologies on 7 April 2017.
The merger is expected to result in a company with increased capacity to accommodate fast growing customer demands, a broader product offering and brand portfolio, strengthened financial standing and multiple
Canada Pension Plan Investment Board (CPPIB) and funds affiliated with Baring Private Equity Asia (BPEA) have signed an agreement to acquire all outstanding shares of Nord Anglia Education.
Funds affiliated with BPEA are the majority shareholders of Nord Anglia and BPEA controls 67 per cent of Nord Anglia's issued and outstanding share capital.
The transaction values Nord Anglia at USD 4.3 billion, including repayment of debt.
The transaction is subject to shareholder approval and customary closing conditions.
Nord Anglia is a premium schools organisation. Listed on the New York Stock Exchange, Nord Anglia was founded in 1972.
International law firm Ropes & Gray has advised TPG Capital on the acquisition by one of its portfolio companies, Beaver-Visitec International, of Malosa Medical, a manufacturer and supplier of single-use surgical instruments, primarily for use in the field of ophthalmology, based in the UK and China.
With a portfolio of more than 400 products, Malosa equips surgeons with convenient, sterilized, single-use packs that contain all the instruments and consumables required for specific ophthalmic procedures.
The company’s cost-effective, high-quality instruments are designed for use in some of the most frequently performed procedures, including cataract surgery and intravitreal injection.
The
Investec has provided a GBP75 million debt package to support Allied Glass Containers’ growth plans.
The Yorkshire-based specialist manufacturer and distributor of glass bottles and containers to the premium spirits and food & beverage sector produces 600 million bottles per annum across 450 product lines.
Investec invested time with management and put together a bespoke debt structure comprising a mix of asset-based and cashflow lending to support the company’s long term growth, working capital and seasonality requirements.
The package incorporates a blend of evergreen revolvers against receivables and inventory as well as an amortising term loan, as opposed
Indigo Holdings, a Middle East-focused investment company that provides investors with exposure to early stage businesses, has invested approximately GBP200,000 in FMCG, a recently established online retail delivery business of Iranian convenience store chain Yaran Daryan.
Indigo has acquired a 15 per cent equity stake in FMCG at a post-money valuation of approximately GBP1,330,000.
FMCG operates a similar business model to Ocado, however it differs to Ocado’s warehousing model as its online orders will be automatically routed to the nearest Yaran Daryan store, which will then be collected by the company’s fleet of drivers and delivered to the customer’s
Hamburg-based private equity group CEE has acquired eight wind turbines in the Vormark wind farm near to the municipality Gross Pankow (Prignitz) in Brandenburg.
The seller is a consortium consisting of the Danish company European Energy A/S and the Berlin-based Green Wind Energy.
The wind farm consists of eight turbines (type Vestas V126, 3.45 MW). The hub height is 137 m, the rotor diameter is 126 m, and the overall capacity of the wind farm amounts to 27.6 megawatts (MW).
The turbines, which were commissioned on time in February and March, will supply environmentally friendly power to about
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