Managers
Activa Capital and Paluel-Marmont Capital are selling their stake in Gaz Europeén to DCC, a shareholder of Butagaz since 2015.
Following the acquisition of an equity interest and a capital increase in December 2013, Activa Capital and Paluel-Marmont Capital have been accompanying the development of Gaz Européen as shareholders alongside the founders (majority shareholders) and the management.
The DCC group has submitted a binding offer to acquire Gaz Européen, a natural gas retail and marketing business which supplies business and public sector customers in France, founded in 2005 when the French natural gas market was first deregulated and opened
Financial technology group ayondo has acquired the TradeHero brand, a Singapore investor education app that has been ranked the number one Apple iOS finance app in over 90 countries.
The acquisition for TradeHero’s brand outside of China and the US, further expands ayondo’s footprint in Singapore nearly a year after it announced a partnership with KGI Fraser Securities to launch KGI Contrax, a platform for investors to trade Contracts for Difference (CFD).
ayondo’s social trading platform allows retail investors to copy the trades of experts.
Robert Lempka, CEO of the ayondo Group, says: “For ayondo, mobile technology is
Perella Weinberg Partners (PWP) and Tudor, Pickering, Holt & Co (TPH) are to planning to merge their two businesses with the combined firm adopting the Perella Weinberg Partners name.
TPH’s energy practice will continue to operate as Tudor, Pickering, Holt & Co.
Subject to customary conditions, the transaction is expected to close in the fourth quarter of 2016. Financial terms of the transaction have not been disclosed although PWP’s founding investors will remain shareholders in the combined company, with some providing additional growth capital.
The combination of the firms will create an investment banking and asset management firm
Hatteras Funds, a provider of alternative investment solutions for financial advisers and their clients, has agreed a sub-advisory relationship with Adams Street Partners, a global private markets investment firm.
Through multiple sub-advisory relationships, Hatteras Funds intends to provide financial advisers access to a series of evergreen private investments strategies. Hatteras Funds selected Adams Street Partners as the private equity sub-adviser because of its long history of experience and expertise.
“Our sub-advisory relationship with Adams Street gives us much-needed access to return enhancing strategies in today’s otherwise low growth environment,” says Michael Hennen (pictured), head of investment management at Hatteras
Law firm Paul Hastings has represented Samsung Electronics in its USD8 billion acquisition of Harman International Industries.
Harman provides connected car solutions, with more than 30 million vehicles currently equipped with its connected car and audio systems, including embedded infotainment, telematics, connected safety, and security.
Through the acquisition, Samsung will add Harman’s experience designing and integrating sophisticated in-vehicle technologies, and position itself to leverage Harman’s long-term relationships with most of the world’s largest automakers, creating growth opportunities for the combined business.
The transaction is Samsung’s largest-ever acquisition, and is the largest Korean outbound M&A transaction on record.
OFF3R, the marketplace for alternative investments, has launched an independent index outlining month-on-month performances of equity crowdfunding and peer-to-peer (P2P) lending platforms over the last year.
OFF3R analysed major equity crowdfunding platforms including Seedrs, Crowdcube, Syndicate Room, Angels Den, Envestors and The House Crowd. The P2P lending platforms examined were Zopa, Landbay, RateSetter, ArchOver, Marketinvoice, Lending Works, Funding Circle and Thin Cats.
The index shows that equity crowdfunding raised a combined total of GBP216.25 million and P2P facilitated a combined lending of GBP2.6 billion.
Lex Deak, CEO and co-founder at OFF3R, says: “Our index is part of our mission
Barings has acted as mandated lead arranger of a senior secured credit facility to support Battery Ventures' acquisition of Michell Instruments Group.
UK-based Michell Instruments Group is a leader in high-precision sensing instrumentation market with over 40 years' experience in the field, specialising in measurement of dew point and relative humidity, as well as oxygen analysis. The company serves a diverse range of industries including compressed air equipment, natural gas transmission, power generation, pharmaceuticals and food processing.
"Battery Ventures is pleased to partner with Barings' European private finance group on our investment in Michell Instruments Group," says Jesse Feldman,
The Edmond de Rothschild Equity Strategies (ERES) franchise has held the final closing of ERES III at its hard cap of EUR300 million.
This is the highest amount ever raised by the ERES franchise.
Its 2011 vintage, ERES II, raised EUR217 million.
Limited partners include high net worth individuals as well as financial institutions both in France and internationally, especially Asia.
ERES will continue its strategy of investing as a minority shareholder in support of majority partners in private mid-cap companies, with an enterprise value between EUR100 million and EUR2 billion.
The fund can be invested
Nordic Capital Fund VIII-owned Lindorff and Intrum Justitia are to combine to create a leading provider of credit management services (CMS).
The combination is expected to provide material benefits for all stakeholders and create significant shareholder value through annual cost synergies estimated at SEK0.8 billion (EUR80 million) and significant further revenue synergies.
Based on Intrum Justitia’s closing share price at Nasdaq Stockholm as of 11 November 2016, the transaction values Lindorff at an enterprise value of SEK40.5 billion (EUR 4.1 billion).
Nordic Capital Fund VIII will become the largest indirect shareholder controlling approximately 45.5 per cent of the
MJ Hudson has expanded it's alternative investments offering with the acquisition of investment advisory firm Allenbridge and outsourced fund management provider Tower Gate Capital.
Established as an alternative investments law firm in 2010, MJ Hudson has grown rapidly and expanded its service offering within alternatives. Including the new acquisitions, MJ Hudson now provides advice and a fully integrated operating infrastructure to more than 300 asset managers, managing in excess of GBP200 billion. It also supports the activities of more than 100 institutional investors, together investing in excess of GBP500 billion.
Chief executive Matthew Hudson (pictured), says: “Our goal is
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