Managers
Gide has advised US fund KPS Capital Partners on the acquisition of Winoa, which includes WHA Holding and its affiliates, from a consortium of investors led by KKR.
Founded in 1961, Winoa, whose historic headquarters are located in Cheylas, France, is a global manufacturer of steel abrasives with over 10,000 customers worldwide across the transportation, equipment, energy and construction end-markets.
Winoa operates 11 manufacturing facilities located in Europe, North America, South America, Asia and Africa, and employs over 1,000 people worldwide.
Legal counsel to KPS Capital Partners were Nadège Nguyen (partner) and Hugo Nocerino on corporate aspects; Bertrand Jouanneau
Private equity funds continued to invest across Europe in 2016 with an 18 per cent annual growth rate in deals volume, according to data released by Clearwater International.
Clearwater’s latest Multiples Heatmap Analysis reveals that the growth in volume was accompanied by increased values, with PE funds paying on average a 10.2x EBITDA multiple in 2016, an increase from the average acquisition multiple of 10.0x in 2015.
Values peaked in the final quarter of last year at 10.6x overall average multiple.
TMT led the way in 2016 with an average multiple of 11.1x (peaking at 12.6x in Q4)
Venture capital fund Suir Valley Ventures, which was launched in partnership with Shard Capital Partners in February 2017, has made its first investment in Immersive VR Education (IVRE), a developer of virtual reality (VR) software and immersive experiences with a specific focus on education.
Suir, together with Kernel through the Bank of Ireland Kernel Capital Venture Funds and Enterprise Ireland, have invested a combined total of EUR1 million in IVRE.
A spin-out from WIT's research-based Telecoms Software and Systems Group (TSSG), IVRE’s platform provides virtual reality content that can be used in schools, colleges, universities, research centres and corporate
Italian security firm Axitea has received majority approval for a proposed deal with creditors on its EUR200 million total debt, aimed at ensuring the going concern of the business.
The deal, which subject to final court approval, will see the injection of EUR32 million of fresh finance into the business via a new vehicle, specifically created by private equity firm Stirling Square Capital Partners.
Gattai, Minoli, Agostinelli & Partners advised Axitea and Stirling Square Capital Partners on the legal profiles of the deal through a team composed of partners Riccardo Agostinelli and Sergio Fulco, and associates Riccardo Sgrò and
BioPharma Credit, a newly incorporated investment trust, has raised gross cash proceeds of USD373,265,200 from a successful placing, offer and PL subscription following a book-building process.
The company has also received an additional subscription of USD50,000,000. No further additional subscriptions are expected.
Further to the announcement released on 20 March 2017, the company has decided to satisfy in full the demand received pursuant to the tender offers and will issue 338,612,160 shares totalling USD338,612,160.
Gross issue proceeds therefore total USD761,877,360 and the company will issue 761,877,360 shares. This exceeds the company’s initial target of USD300 million.
Application
VARIV Capital, a Latin America venture capital firm, and Chilango Ventures, an investment firm with offices in San Francisco and Mexico City, have invested in MPOWER Financing.
The investment aims to help the fintech firm expand its presence in Latin America and attract a greater number of high-potential students to America’s best colleges and universities.
Latin American students already represent 25 percent of MPOWER’s outstanding loan portfolio, with Mexico representing the third-largest student population currently studying in the US through MPOWER’s financial support.
“We have worked diligently to attract sophisticated investors like VARIV Capital and Chilango Ventures who
Pamplona Capital Management, together with the existing management team, has acquired a majority interest in Legacy.com, a provider of obituary-related products and services to newspapers, funeral homes, and more than 43 million monthly visitors across the globe.
It is Pamplona’s fourth investment from Pamplona TMT I, its USD1 billion, US-based private equity fund focused on growth equity and control investments in the technology, media, and telecommunications sectors.
This investment follows more than a decade of double-digit growth at Legacy.com, driven by a surging e-commerce business, a flourishing top 40 internet web domain, and an expanding US and global presence.
Fengate Real Asset Investments has closed its new private equity fund, the LPF Equities Fund, with USD100 million in committed capital.
Its initial investment is in the Cricket Energy Group of Companies.
With the new private equity platform, Fengate will leverage strategic relationships developed through the firm's experience in the infrastructure and real estate sectors to identify businesses with strong fundamentals and attractive investment characteristics.
The new fund will target investments in mid-market, growth-oriented, operating businesses and strategic platforms across a targeted range of industry sectors in North America, in alignment with Fengate's approach and focus.
"We
Aspinall Capital Partners and Perscitus have completed the joint acquisition of powder coating company Vertik-Al Limited.
Led by Jon Moulton’s family office, the transaction was facilitated by debt funding from Clydesdale and Yorkshire Bank.
Under the terms of the agreement Vertik-Al and its group companies have become subsidiaries of a newly formed holding company.
Following the transaction, Graham Brown has been appointed MD of the group, while Angus Mackie has taken on the role of group financial director. Wade and Mike Lock together with Richard Gibbs will continue as directors.
Steve Aspinall, CEO and founder of ACP, says:
Private equity firm Golden Gate Capital has completed the acquisition of Cole-Parmer from private equity firm GTCR.
Founded in 1955, Cole-Parmer is a designer, manufacturer, and distributor of specialty lab equipment with particular expertise in fluid-handling, test and measurement, and electrochemistry.
The company sells its products and services to a diverse range of customers in the healthcare, biotech, pharmaceutical, environmental, and food industries, among others. The company offers a diverse range of product lines, including brands such as Masterflex, Ismatec, Oakton, and the Cole-Parmer private label, to an international network of laboratory managers and independent dealers.
Rajeev Amara,
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
