Managers
Scania is targeting investment in high-growth companies connected to the transport and automotive industries with its new venture capital fund, Scania Growth Capital.
Henrik Henriksson, Scania's president and CEO, says: "Through Scania Growth Capital, Scania is looking to invest in promising, innovative and entrepreneurial companies. Gaining insight and early access to business models, technology and ideas that can change the environment in which we are active will further strengthen us in the future."
Scania Growth Capital will be exclusively operated and advised by an external investment team with extensive experience from venture and growth capital business as well as
The South African M&A market will grow by 66 per cent in the next two years, according to the Global Transactions Forecast issued by global law firm Baker McKenzie in association with Oxford Economics.
The report shows that South African M&A slowed in 2016 amid economic and political uncertainty. While 211 M&A deals were finalised in South Africa in 2015, this dropped to 115 deals in 2016.
The report predicts that around 190 M&A deals will be concluded in 2017, rising to 274 in 2018; and growing to 295 finalised deals by 2019.
South Africa is also included
SK Capital Partners, a private investment firm with a focus on the specialty materials, chemicals, and pharmaceutical sectors, has acquired Niacet Corporation, a producer of specialty ingredients for food, feed and pharmaceutical applications and a global leader in propionates and acetates.
Headquartered in Niagara Falls, New York, Niacet currently serves more than 300 customers in 57 countries and employs approximately 190 people across its headquarters and two production facilities.
SK Capital is recapitalising Niacet in partnership with Kelly Brannen, who will continue to serve as CEO and retain a significant stake in the company. The Brannen family purchased Niacet
Private equity firm HIG Capital has sold Fibercore to Humanetics Innovative Solutions, a portfolio company of Golden Gate Capital.
Terms of the transaction have not been disclosed.
Fibercore, based in the UK, is a world leader in the design and manufacture of specialty optical fibre and offers the industry’s most comprehensive suite of specialty fibre products serving multiple high-growth end-markets, including use in aerospace & defence, oil & gas, and biomedical applications.
Founded over 30 years ago, Fibercore works with some of the world's largest companies assisting in the development of new optical fibre technologies.
Carl Harring,
Specialist direct lender Beechbrook Capital has held a final close of its inaugural UK SME credit fund with commitments in excess of GBP150 million.
The fund has completed two new investments.
Beechbrook Capital UK SME Credit I, which backs small and medium-sized businesses in the UK with a turnover of between GBP10 million and GBP100 million and EBITDA of more than GBP1 million, has attracted investors from across the UK, Continental Europe and North America.
Nick Fenn, Beechbrook managing partner, says: “We are delighted that investors continue to see the attractiveness of high-quality investment opportunities among UK SMEs,
The fourth Albion Growth Report, based on interviews with 1,000 SMEs, finds that less than half (45 per cent) of microbusiness owners with fewer than five employees expect their company to grow over the next two years compared to almost three-quarters (73 per cent) of larger scale SMEs.
The report sheds light on the factors that create and impede growth and reveals a significant divide in confidence between small and larger scale SMEs across a range of key indicators.
The majority (57 per cent) of SMEs expect to register an increase in productivity in the next 24 months compared to
Ramsdens Holdings, a diversified financial services provider and retailer backed by NorthEdge Capital, is to seek admission of its shares to trading on the AIM Market of the London Stock Exchange following a successful institutional placing.
Admission is expected to occur on 15 February 2017.
Ramsdens operates in the four core business segments of foreign currency exchange, pawnbroking loans, the buying and selling of precious metals and the retailing of second hand and new jewellery.
Headquartered in Middlesbrough, the company operates from 127 stores within the UK and has a growing online presence, serving over 700,000 customers across
TPG Capital, the global private equity platform of alternative asset firm TPG, has closed its acquisitions of RCN Telecom Services and Grande Communications Networks, two US regional broadband service providers.
The transaction combines the two companies into the seventh largest US cable company and a market-leading provider of next-generation, high-speed data services for residential and business customers in six states.
Jim Holanda and Steve Simmons of Patriot Media, who have run RCN since 2010 and Grande since 2013, will continue to lead the combined company.
On 15 August, 2016, TPG Capital announced that it had entered into two
European private equity firm Silverfleet Capital’s Fund II portfolio company Coventya has made two add-on acquisitions, both in Turkey.
Coventya, headquartered in Villeneuve-la-Garenne near Paris, is a chemicals group focused on surface treatment to the automotive, construction, luxury and consumer goods, data storage, and oil & gas industries.
In the larger of the two deals Coventya has acquired an 80.6 per cent interest in Borsa Istanbul-listed Politeknik Metal Sanayi ve Ticaret AŞ (Politeknik), a manufacturer of aluminium surface treatment (AST) chemicals and engineering services for the corresponding application equipment with revenues of over EUR9 million. Coventya will also launch
The Semcon Group is selling its engineering operations in Germany – Business Area Engineering Services Germany – to Valmet Automotive in a EUR14.1 million deal.
The business provides services to customers primarily in the German automotive industry and has around 800 employees with annual sales in 2015 amounting to SEK901 million and an operating loss of SEK49 million.
During the January-September period 2016, sales amounted to SEK667 million and operating profit to SEK13 million.
Semcon’s operations in product information in Germany are not affected by the sale.
“Business Area Engineering Services Germany largely consists of services related
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12 November, 2026 – 8:00 am
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