Managers
JLT Specialty, the insurance broker and risk consultant, saw a 60 per cent increase in the number of insured deals during 2016 compared to 2015 globally.
This type of mergers and acquisitions (M&A) insurance, also known as warranty and indemnity (W&I) insurance – of which the real estate and private equity sector remain the key beneficiaries of – is designed to pay out if a buyer discovers the business bought is not what the seller advised it would be.
In its annual M&A Insurance Index report, JLT found that the average limit of insurance (as a percentage of the
Fresenius Medical Care, a provider of dialysis products and services, has acquired a 70 per cent equity interest in Kunming Wuhua Health Hospital (Wuhua Hospital) in China, specialised in chronic-disease management and haemodialysis (HD).
The acquisition was officially completed on 31 March 2017. This marks Fresenius Medical Care's first joint venture (JV) hospital in China, with the aim of providing high-standard renal-care services and chronic-disease management to local community.
There are 900,000 people living in Wuhua district and 9.8 million residents in Kunming City. Wuhua Hospital is a private Grade II hospital located in Wuhua district in the center of
LMS Capital has sold its majority stake in UK IT services business 365IT to CORETX Holdings, a mid-market network, cloud and IT managed services provider.
Under the terms of the acquisition the enterprise value of 365IT was agreed at GBP5.4 million, which after adjusting for net debt of GBP800,000 results in an equity value of GBP4.6 million, to be settled through a combination of cash and shares.
LMS' share of the equity value is GBP4.1 million. LMS has received gross cash proceeds of GBP1.1 million plus 9,826,400 shares in CORETX having a value of GBP3 million based on a
Cairngorm Capital Partners has closed its second fund – Cairngorm Capital II – at its GBP107.5 million hard cap.
The fund, which was oversubscribed, is now fully operational.
Cairngorm Capital has been backed by a consortium of long-term, international institutional investors, consisting of several prestigious European funds of funds and US university endowments.
Each of the institutional investors in its first fund increased their commitment to Fund II. In line with Cairngorm Capital’s investment philosophy, a significant investment was made by the firm’s principals.
The launch of the second fund continues Cairngorm Capital’s expansion of its business.
Ipes, a provider of outsourced services to private equity firms in Europe, is providing administration services to HgCapital and has supported its recent close of the HgCapital 8 Fund and, separately, a first and final close on The Mercury 2 Fund.
Both closing are at their respective hard capitalisations raising a total of GBP3.1 billion.
Both funds were significantly oversubscribed and received strong support from existing investors.
HgCapital is currently partnering in 30 investments across the larger buyout and Mercury funds, with examples including Visma, IRIS, JLA, Sovos Compliance and CogitalGroup.
Barry McClay, Ipes head of fund
Atos, a group of specialist orthopaedic clinics, is moving ahead with its growth and expansion strategy announced last summer by taking over OrthoParc clinic in Cologne.
This new acquisition, plus the acquisition of StarMed clinic in Munich in December 2016, increases its total number of clinic beds by more than 20 per cent.
Atos and OrthoParc have agreed not to disclose financial details of the transaction.
“OrthoParc allows us to expand our regional presence in North Rhine-Westphalia,” says Martin von Hummel, managing director of Atos. “We’re adding to our existing network by partnering with clinics which share Atos’
Monroe Capital has acted as sole lead arranger and administrative agent on the funding of a USD50 million unitranche credit facility to support the acquisition of Viteos Fund Services by private equity sponsor Public Pension Capital, together with FiveW Capital and Viteos management.
The Viteos management team will continue to lead the company.
Founded in 2003 and based in Somerset, New Jersey, Viteos provides customised straight-through-processing and integrates post-trade operations for the investment management industry in the US, Europe and Asia.
The company provides shadow-accounting services and a full range of middle- and back-office outsourcing through its 500+
Medical Imaging Partnership (MIP), a diagnostic imaging provider, has completed the acquisition of the MRI business and the transfer of staff of Nuada Medical, based at 45 Queen Anne Street in London, for an undisclosed sum.
MIP has assumed the lease for 45 Queen Anne Street and plans to build on the established reputation of the imaging services established by Nuada at the facility, relying on the 3T MRI scanner installed at the site.
It will continue to serve a range of complex imaging needs, particularly in multiparametric prostate scanning, neurological, and musculoskeletal imaging, and plans to expand the
83North has closed an oversubscribed new venture capital fund at USD250 million.
The fourth raised in 11 years, 83North IV brings total capital under management to USD800 million.
The new fund will be deployed in the best consumer and enterprise technology companies led by aspiring European and Israeli entrepreneurs.
83North has a five-strong team of investing partners who have worked with the region’s most ambitious founders to create market-leading technology businesses. Laurel Bowden, Arnon Dinur, Gil Goren, Erez Ofer and Yoram Snir have backed more than 40 companies including Just Eat, Telit, Hybris (acquired by SAP), ScaleIO (acquired
The Local Pensions Partnership (LPP) has launched its new private equity (PE) structure, coinciding with its first full year of operation, having received its FCA accreditation in April 2016.
The new structure brings the GBP1.8 billion PE assets of its two shareholder funds, the London Pensions Fund Authority and Lancashire County Pension Fund under the management of LPP Investments (LPPI), a fully-owned subsidiary of LPP.
It also sets up LPPI to act as a full-fledged, FCA-authorised investment manager that can now be appointed directly by other funds to manage private equity investments.
LPP’s PE strategy seeks to achieve
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
