Managers
The EQT VII Fund is to acquire AutoStore from Jakob Hatteland Holding AS and other minority owners.
AutoStore is an automated storage and retrieval system (ASRS) which uses robotics for collecting stored goods in a warehouse.
From the origin of the idea by Ingvar Hognaland in the Hatteland Group in the 1990s and delivery of the first commercialised system in 2005, AutoStore has experienced strong growth and is today a leading automated material handling solution.
AutoStore provides improvements in capacity, performance and cost and represents an optimal solution for meeting the growing demands for automated and efficient warehousing.
FS Investments’ business development company (BDC) direct lending platform committed approximately USD988 million in senior secured loans and other debt and equity financing to middle market companies in the third quarter of 2016, bringing its year-to-date total originations to more than USD2.2 billion.
New directly originated investments during the quarter were made in support of nine portfolio companies headquartered in seven US states.
“Our ability to customise financing solutions to a company’s specific needs delivers a unique value to those businesses and, ultimately, our investors,” says Michael C Forman, chairman and chief executive officer of FS Investments. “In several
Audax Private Equity has partnered with management to acquire Accent Food Services from Silver Oak Services Partners.
Terms of the transaction have not been disclosed.
Accent, headquartered in Austin, Texas, is a provider of customised fresh food, snacks, and refreshment services to businesses, educational institutions, and property management companies. Accent supplies customised offerings for on-site micro markets, vending machines, and coffee and refreshment services.
Geoffrey Rehnert, co-CEO of Audax, says: “Accent is a leader in the micro market, vending, and refreshment services industry. We look forward to working with Josh Rosenberg and the Accent team to continue building
NewStar Financial has closed the NewStar Berkeley Fund CLO, a USD505 million middle market collateralised loan obligation managed for qualified institutional investors.
The Berkeley Fund is the fourth credit fund sponsored by NewStar to co-invest in middle market commercial loans originated through its direct lending platform.
The Berkeley Fund is NewStar’s 21st securitisation since inception and third transaction completed in 2016. The notes offered through this CLO transaction are backed by a diversified portfolio of commercial loans originated and underwritten by NewStar for the benefit of investors.
Various classes of notes rated Aaa through Ba3 were placed, which represented
Arma Partners has acted as financial adviser to EQT on the sale of its portfolio company, Automic, to CA Technologies at an enterprise valuation of EUR600 million.
Automic is a provider of business automation software that helps enterprises improve productivity and drive agility by automating business processes and IT infrastructure regardless of architecture, complexity and location.
Headquartered in Vienna, Austria, with approximately 600 employees across Europe, North America and Asia, Automic serves a wide range of customers in the energy, financial services, healthcare, manufacturing, retail and telecommunications sectors.
With Automic, CA will add new cloud-enabled automation and orchestration
Allianz Global Investors (AllianzGI) is to add Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, to its private debt platform.
AllianzGI will acquire Sound Harbor’s assets for an undisclosed sum and the Sound Harbor team will join AllianzGI.
The Sound Harbor team will become part of the AllianzGI global investment platform, maintaining the integrity of its investment strategy, process and team while accessing insights and knowledge-sharing among colleagues across the platform.
Andreas Utermann (pictured), chief executive and global chief investment officer of AllianzGI, says: “Over the last five years, AllianzGI has
Central and Eastern Europe private equity fund Innova Capital has sold its 27 per cent stake in Wirtualna Polska Holding for PLN50 per share.
In 2014 the Innova Capital fund financed the acquisition of Wirtualna Polska from Orange Polska and its merger with the o2 Group.
The purpose of the PLN375 million transaction was to consolidate the e-market in Poland and introduce the group into the e-commerce market segment.
In just a dozen or so months the company underwent a dynamic integration process, strategy overhaul and rebranding. These initiatives gave an immediate boost to the financial performance: a
Albion Ventures has launched the Albion VCTs Top Up Offers and is seeking to raise up to GBP24 million across its six venture capital trusts.
Investors who apply before 31 January 2017 for the first GBP7.5 million of shares will be entitled to an "early bird" discount.
The latest offers follows the execution of a highly active investment programme by Albion in 2016 in which approximately GBP25 million was invested in around 20 companies across a range of sectors where it has identified the opportunity to create long term value.
Recent companies that have been backed by Albion
Cvent, a cloud-based enterprise event management company, has been acquired by private equity firm Vista Equity Partners.
The USD1.65 billion transaction, originally announced on 18 April 2016, was completed on 29 November.
Cvent’s shareholders approved the agreement on 12 July 2016.
Following the transaction, Reggie Aggarwal will remain the chief executive officer and president of Cvent. Cvent will continue to operate as Cvent, Inc.
“We see tremendous value in the cloud-based solutions that Cvent delivers to its customers in this largely untapped meetings and events industry,” says Brian Sheth, co-founder and president of Vista. “We are thrilled
Gide has advised Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) on the acquisition of RBS Asia, a subsidiary of Royal Bank of Scotland, which consists primarily of the Korean Securities franchise.
With the completion of the transaction of this securities franchise in Korea, Crédit Agricole CIB says it is well-positioned to better serve its clients and to capture growing business opportunities, notably regarding debt issuances and fixed income investment products.
Gide’s team was led by Guillaume Rougier-Brierre (partner) and Amine Assouad.
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