Managers
NVM Private Equity has backed a management buy-out (MBO) at Presteigne Broadcast Hire, a specialist in the broadcast equipment hire sector in the UK.
The business hires a selection of specialist equipment predominantly to outside broadcast companies with a particular focus on the live sport and event sector.
Founded by industry veteran Mike Ransome, Presteigne invests in the latest products and emerging technologies. Headquartered in Crawley and with additional facilities in Warrington, Presteigne has supported many global sporting events. More recently these have included the supply of equipment and services in connection with the Rio 2016 Olympics and this season’s
Law firm Paul Hastings has advised FLSV Fund Administration Services (FAS) and its owners on its disposal to Sanne Group for a total consideration of USD65.8 million subject to customary adjustments.
The transaction is expected to complete by the end of November 2016.
FAS is a New York-headquartered business offering fund administration and reporting services to private equity institutions and alternative asset managers, primarily in North America.
Paul Hastings has advised FAS and its owners for a number of years.
Sanne Group is a provider of outsourced corporate and fund administration, reporting and fiduciary services.
The
True Capital has acquired Blackbird Retail, the owner of one of the UK’s largest online furniture retailers, The Cotswold Company.
True Capital is partnering with the existing management team who will continue to lead the company through its next stage of growth.
True Capital will use its sector specialist expertise to help further accelerate online growth, expand product and category ranges and increase showroom presence across the UK.
Founded in 1996, The Cotswold Company was acquired by Blackbird Retail Holdings in a purchase led by Kevin Johnson and James Birtwhistle in 2009. The company sells high quality oak,
Development Partners International (DPI), an African private equity firm with USD1.1 billion under management, has acquired through its ADP II fund a stake in Général Emballage, a packaging business in Algeria, which specialises in the manufacturing and processing of corrugated cardboard.
ADP II closed in March 2015 at USD725 million, significantly above its target. It is DPI’s second closed fund.
Under the agreement, a consortium comprising of ADP II and DEG- Deutsche Investitions- und Entwicklungsgesellschaft has acquired a 49 per cent stake in Général Emballage from existing shareholders, AfricInvest and the original founders the Batouche family for a total
PNC Bank Canada Branch has completed a CAD17.1 million financing package for Doxim Solutions ULC, a provider of SaaS customer engagement solutions for banks, credit unions and wealth management firms in North America.
The PNC financing included a CAD1.9 million senior secured revolver with a CAD15.2 million senior secured term loan.
The company will use the funds to refinance existing debt and for ongoing working capital.
Doxim, based in Markham, Ontario, is founder-led and a portfolio company of Strattam Capital, a private equity firm with offices in San Francisco, CA and Austin, TX.
The Doxim Customer Engagement
Stage Capital has completed its separation from NBGI, backed by funds managed by Deutsche Bank Private Equity (DBPE) and Goldman Sachs Asset Management (GSAM).
DBPE and GSAM will be limited partners in the funds managed by the firm, alongside significant investment by members of the Stage Capital team.
The investors have acquired 100 per cent of National Bank of Greece’s interests in the funds under management by NBGI Private Equity for a consideration of EUR288 million, in addition to committed funding to support and build the existing portfolio.
The core senior investment team members from NBGI Private Equity
Omnes Capital is selling its stake in the Pommier Group as part of a management buyout (MBO) headed by Jean-Patrick Sauvy, supported by a consortium of investors comprising BPI, NCI and BNP Paribas Développement.
Based in Saint-Ouen-l’Aumône and founded in 1945, the Pommier Group is one of Europe’s leading names in industrial vehicle accessories and equipment. Omnes Capital acquired a stake in the company in 2007.
The group has three main divisions: Pommier Truck Accessories (accessories), Pommier OEM Solutions (design and production), and Pommier Dock Equipment (dock security and protection). It has four sites in France in Saint-Ouen-l’Aumône (Val-d’Oise),
Private equity and venture capital trade association Invest Europe has published a guide for pension funds on investing in the sectors.
The association writes that The Guide to Private Equity and Venture Capital for Pension Funds contains practical information on why to invest and how to do so, plus an overview of the benefits and risks of gaining an exposure to private equity and venture capital. It is aimed at helping pension funds with limited experience of the asset class achieve an understanding of its unique features.
“Pension funds considering investing in private equity and venture capital can find
Trowers & Hamlins has advised Apache Capital Partners on the acquisition of its new 0.77-acre Birmingham development with Moda Living.
The premium purpose-built rental development on Broad Street will be delivered by Moda Living and will be fully funded by Apache Capital, the London and Gulf based private real estate investment management firm.
It will comprise of a 37-storey tower with 450 apartments and 30,000 sq ft of communal amenity space, with around 35,000 sq ft of shops, office and leisure and it will be the first major project in the city by the duo's private rented sector joint
Private equity investor Keensight Capital has signed the 2020 Carbon Initiative (IC20), a private equity initiative dedicated to managing and reducing greenhouse gas emissions among portfolio companies.
Sixteen companies have now signed up to the initiative, under which they agree, as from 2016, to include climate change issues in their investment strategy, with the aim of gradually extending the scope of the initiative to all companies under their control.
The members have established a long-term joint approach to reducing the greenhouse gas emissions produced by their investments.
Jean-Michel Beghin, managing partner of Keensight Capital, says: “We are very
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