Managers
Mid Europa Partners, a private equity firm focused on Central and South Eastern Europe, has completed the acquisition of Romanian supermarket chain Profi Rom Food.
Profi is a modern retail network with the widest geographical spread in Romania, having a strong presence in almost 250 cities, smaller towns and villages. Profi operates two store formats in urban areas, Standard and City, and recently developed Loco, a successful format for rural parts of the country. Profi is one of the top employers in Romania, with nearly 11,000 employees.
The transaction execution was led by Andrej Babache with the support of Ratko
Goldman Sachs has agreed to invest USD95 million in MDC Partners through the purchase of non-voting convertible preference shares (the Preference Shares).
In connection with the closing of the transaction, Bradley J Gross, a managing director in the Merchant Banking Division of Goldman Sachs, will join the MDC Partners Board of Directors, which will expand to seven members. Subject to the satisfaction of certain conditions, the transaction is expected to close in the first quarter of 2017.
Scott L Kauffman, Chairman and Chief Executive Officer of MDC Partners, says: "We are extremely pleased to be partnering with Goldman Sachs.
Global investment bank GCA achieved record revenues of GBP148 million and EBIT of GBP27 million in 2016, successfully completing 133 deals over the course of the year.
This is GCA’s first set of results since its July 2016 merger with Altium.
Recent high profile deals included advising JayZ on the investment by Stream in Tidal, the sale of Urban Engines to Google and the acquisition of Pretty Little Thing by GBP1.5bn listed company boohoo.com.
GCA Altium, GCA’s European business, which is headquartered in Manchester and has seven offices across Europe, completed a total of 66 transactions, including two of the largest software buyouts
Cairngorm Capital Partners is making a further investment in Polyframe Group Limited (Polyframe), a UK manufacturer of trade windows and doors, to facilitate Polyframe’s acquisition and merger with Customade Group Limited (Customade).
The enlarged group, with revenues in excess of GBP100 million, will trade as Customade and now has a comprehensive product range across aluminium windows, composite entry doors and PVCu products. It operates nationwide, with almost 900 employees across 10 manufacturing facilities extending from Scotland to the South-West.
Established in 1980, Customade is a specialist manufacturer of high-quality aluminium and PVCu windows, doors and conservatory roof products. Known for
APS Holding (APS) has acquired a portfolio of Croatian non-performing loans (NPL) with a nominal value significantly exceeding EUR100 million. The firm’s newly established office in Croatia is expected to have more than 40 employees in the first half of the year.
The acquisition includes secured and unsecured non-performing corporate loans, with the secured positions held against mostly residential, commercial and industrial property. The portfolio has been acquired from Hrvatska Poštanska Banka with the approval of the Croatian National Bank.
Martin Machoň, CEO of APS, says: “Our target is to assist banks with distressed debts and help debtors to be
Private equity firm HIG Capital (HIG) has acquired substantially all the assets of Xtera Communications (Xtera), a provider of innovative and bespoke sub-sea fibre optic solutions.
HIG previously provided debtor-in-possession financing to the Xtera debtors in connection with the chapter 11 case.
Established in 1998 and based in the UK (Harold Wood, Essex) and the US (Allen, Texas), Xtera supplies un-repeatered and repeatered sub-sea systems, using high performance optical amplifiers to carry data. Under HIG’s ownership, Xtera’s management and technical team will remain at the helm of the business, focused on successfully executing key existing customer contracts and expanding the
Darby Private Equity’s Darby Converging Europe Fund III (SCS) SICAR (DCEF III) has completed a mezzanine debt investment in Unilink SA (Unilink), strengthening Unilink’s balance sheet and providing capital for growth through acquisitions.
Financial details of the transaction have not been disclosed.
Unilink is the leading insurance multiagency in Poland offering products of over 40 insurance providers through a distribution network of approximately 8,000 sales representatives. The recent merger with Insurance Service created a clear market leader with over PLN 450 million (approximately USD110 million) gross written premiums issued in 2016, which was a significant milestone towards Unilink’s goal of
Mark Hardwicke of boutique investment bank, Invenio Corporate Finance, writes on the tactics required to make a successful exit.
The word was not even in the dictionary five years ago. Businesses were not making plans for it, the government was refusing to consider it, and almost no-one was predicting it. The ‘it’, of course, is Brexit, a word that now seems to permeate every aspect of national conversation. Added to the equally unpredictable presidency of Donald Trump, the once unthinkable UK referendum result made 2016 a very unpredictable year. The legacy for business is continued uncertainty – something which seems
Dyal Capital Partners (Dyal), a division of Neuberger Berman Group, has closed Dyal Capital Partners III (PE), its third fund, with approximately USD5.3 billion of committed capital.
Dyal increased the target fund size by over USD2.0 billion during the marketing period, as investment opportunities increased and investor interest in the strategy was strong. The fund was heavily oversubscribed at the final close.
Aggregate commitments across all Dyal funds now total more than USD8.7 billion from 160 unique global investors, solidifying Dyal's position as the leading provider of minority equity capital to well-established private equity and hedge fund management companies. Dyal
Vision Capital has realised a 5.2x return its investment in Nordax Group AB (Nordax), a niche bank in the Nordic region.
Vision Capital acquired a majority stake in Nordax in July 2010. During Vision Capital’s ownership, Nordax successfully implemented several important strategic initiatives to improve its business, including expansion into Germany and obtaining a banking licence from the Swedish FSA.
Nordax successfully listed on Nasdaq Stockholm on 17 June 2015 with the IPO several times oversubscribed and priced at the top of the range. Vision Capital sold down its remaining shareholding in Nordax in three tranches; in addition to the
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