Managers
Funds managed by FL Partners, a Dublin-based investment boutique, have acquired Potensis Recruitment, one of the largest recruiters to the UK housebuilding and construction industries, together with SEAL Resource Management, a related business.
Potensis, founded in 2000, provides temporary and permanent recruitment services to the residential housebuilding, social housing and commercial construction sectors. It recruits across all job levels and its clients include many of the UK’s leading publicly-listed housebuilders and social housing groups. Most of its clients have worked with Potensis for at least a decade.
Jared Sullivan, founder and managing director, has invested alongside FL. Steven Kirkpatrick has
Céréa Capital II has completed its fourth investment, participating in the reorganisation of the capital and financial structure of GPS Group, in partnership with Bpifrance and the company's management.
Based in Bordeaux, GPS Group is specialised in industrial packaging logistics, used for the transport of viscous or liquid materials such as natural and synthetic rubber as well as food products. It provides a complete and outsourced lease concept for reusable metal crates, including delivery, maintenance and logistics at producer's plants.
Created in 1950, the family business, presided by Benoit Arnaud, first began as a wooden pallet and crate manufacturer,
EOS Investment Management has acquired, through its energy fund Efesto Energy, a portfolio of approximately 40 MW owned by Telmo Group from Bergamo, Italy.
This EUR140 million transaction places EOS IM’s latest acquisition among the biggest transactions in the last 12 months in Italy in the renewable energy sector. The fund has reached circa EUR240 million of assets under management.
The portfolio consists of 35 plants located in Puglia, Piedmont and Sardinia, 19 wind farms and 16 solar plants. They have been operating for over three years with high level of production performance, generating an average of 78 GWh
MARU Group, a market and customer insights company backed by Primary Capital Partners, has acquired research technology platform Usurv for an undisclosed sum.
Usurv will subsequently be rebranded to Maru/Usurv and founders Martin Bysh and Guy Potter will remain with the company to oversee its growth trajectory and development.
Founded in 2011, Usurv is a survey platform which provides immediate access to respondents from a network of third party partner websites and sample providers, via online or mobile recruitment. The platform automatically fields short form surveys to those respondents, collecting, analysing and reporting the responses in a matter of
Huron Capital Partners has closed the Huron Fund V with USD550 million of total limited partner capital commitments.
The fund, which is Huron Capital Partners’ sixth investment vehicle, closed at its hard cap and in excess of its USD500 million target.
Receiving commitments from a number of top-tier investors, including endowments, foundations, multi-manager funds, public pensions, corporate pensions and family offices, the fund closed after three months of marketing and was oversubscribed with over USD1 billion of demand.
Like its predecessor, Huron Fund IV, which also closed above its target at USD500 million of capital commitments in 2013,
Law firm Noerr has advised Scout24 on the closing a new syndicated loan facility.
Noerr’s Frankfurt partners Andreas Naujoks and Dr Torsten Wehrhahn provided the team lead in this deal.
The Munich internet group Scout24, which had its IPO a year ago, is replacing its previous syndicated loan facility granted by an international banking consortium three years before expiry of its regular term and is with this refinancing deal securing new credit lines of EUR800 million at much more attractive conditions.
This unsecured syndicated loan facility also provides sufficient flexibility for further acquisitions, enabling Scout24 to further expand
The last six months of M&A activity across the US/UK M&A corridor reached USD126 billion, with US outbound deals to the UK rising 3.6 per cent and UK outbound deals to the US falling by 20.4 per cent.
According to the Deloitte US/UK M&A Deal Monitor, the final quarter of 2016 saw UK outbound M&A leap to USD86.4 billion in value, ensuring the US/UK deal corridor performed roughly in line with the global trend for M&A.
Cahal Dowds (pictured), partner and vice-chairman of Deloitte UK, says: “Two trends stand out in the second half of 2016, the strength of
The volume of European restructurings is expected to hit its next peak in 2017, according to a survey by Debtwire in conjunction with independent investment bank Greenhill and law firm Orrick.
The study, for Debtwire Europe’s 13th European Distressed Debt Market Outlook, canvassed the opinion of 130 European hedge fund managers, distressed debt investors and private equity professionals and provides insight into their expectations for the European distressed debt market in 2017 and beyond.
“2016 proved to be another challenging year for the restructuring community, mostly as a result of a continued slim pipeline of workouts and distressed opportunities,”
A management group led by Joseph M Limber, in partnership with Ampersand Capital Partners and 1315 Capital, has entered into a definitive agreement to acquire the commercial laboratory of Genoptix.
Genoptix is a Novartis company that specialises in oncology diagnostics and informatics services.
The transaction is expected to close in the first quarter of 2017 subject to certain closing conditions. The financial terms of the transaction have not been disclosed.
Headquartered in Carlsbad, California, Genoptix is one of the largest haematopathology centres in the US, providing thousands of oncologists and pathologists across the UStates with comprehensive testing solutions
Noerr has advised Novelis, a specialist in rolled aluminium products owned by India’s Hindalco Industries, on the refinancing of its USD1.8 billion term loan B line still existing after its acquisition by Hindalco.
The refinancing and restructuring transaction was handled by an international banking consortium under the lead of the British Standard Chartered Bank, for the first time with the involvement of numerous Asian, particularly Indian, banks.
The term of the refinancing transaction is five and a half years.
The Novelis Group was advised on German law by Noerr’s lawyers Sebastian Bock (partner) and Dr Ivan Zlatanov on
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