Managers
John Haynes (pictured), Head of Research at Investec Wealth & Investment, comments on Softbank’s proposed acquisition of ARM…
The announcement of an agreed bid for ARM Holdings by Softbank of Japan is the clearest illustration possible of the consequences of the current global currency volatility. Assuming the bid price, Softbank is paying over 25 per cent less in yen terms compared to over a year ago to acquire this crown jewel of UK, and indeed global, intellectual property. The devaluation of sterling will continue to provide interesting investment opportunities for overseas investors to buy UK assets, including central London property,
Noerr is advising SAF-Holland on its takeover bid for the listed Swedish Haldex Group.
The Noerr team is led by the Frankfurt partners Dr Holger Alfes and Dr Stephan Schulz.
Haldex is a provider of brake systems and air suspension modules for commercial vehicles. The cash bid values the company at around EUR442 million.
The proposed acquisition gives the SAF-Holland Group the opportunity to establish an integrated group for commercial vehicle chassis components.
In late 2015, Noerr already advised SAF-Holland on taking out a promissory notes loan for EUR200 million and also assisted the client in other
Clearwater International has advised MCH Private Equity, one of Spain’s largest independent private equity houses, on the acquisition of a shareholding in Grupo Brasmar, a Portuguese frozen seafood company.
Brasmar is a fast-growing company based in Portugal, with a significant presence in Italy, Brazil and Spain. The business expects to generate revenues in excess of EUR150 million over the course of 2016.
The investment from MCH Private Equity in Brasmar will support the international expansion of the company and enable the continued development of innovative equipment and products.
Clearwater International advised MCH Private Equity, led by partners Miquel
A shareholder group led by Investindustrial and L. Catterton (formerly known as L Capital), and including 21Investimenti, Ergon Capital, Wise and NB Renaissance, is to sell its investment in Stroili, an Italian affordable jewellery brand.
The acquisition is being made by THOM Europe, the holding company of Histoire d’Or, the number one jewellery retailer in France with a strong presence in Europe, in order to complete its European expansion ambitions.
Since Investindustrial’s entry into Stroili in 2006, the company has evolved into a branded fashion retailer focused on both shopping mall and city centre retailing with an increasing footprint
Aurelius Group has acquired The Hospital Group, a provider of surgical and non-surgical cosmetic procedures based in Birmingham, UK.
With approximately 300 employees, The Hospital Group generated revenues of GBP30.4 million in 2015. Financial terms of the deal have not been disclosed.
The Hospital Group is a provider of cosmetic procedures in the UK, as well as a market leader in weight loss treatments. The company operates the largest cosmetic surgery hospital in Europe together with 15 clinics across the UK. The Hospital Group has high patient satisfaction rates in its four business areas of cosmetic surgery, weight loss,
DCM Ventures, an early stage global venture capital firm, has held the close of its eighth flagship fund, DCM VIII, with USD500 million in committed capital to be invested in early stage companies across the US, China and Japan.
With the new fund, DCM Ventures now has raised USD770 million in new commitments over the past 18 months for its global family of funds including an oversubscribed USD500 million for the firm’s flagship global investment fund, DCM VIII; USD170 million for its Turbo Fund primarily focused on growth stage deals; and USD100 million for its second A-Fund primarily focused on
Jet Environmental Systems, a provider of temperature control solutions for industrial and commercial buildings, and its sister company Jet AHU, which supplies and installs air handling units, have been acquired by Wozair.
Wozair Ltd has purchased 100 per cent of Jet Environmental Systems Ltd and Jet AHU Ltd shares.
Wozair is a privately owned international HVAC equipment manufacturer with a turnover of GBP39 million in 2015. Headquartered in the UK with operations in Europe, Singapore, Dubai, Korea, the US and Australia, it provides specialist solutions in a diverse range of industrial sectors.
In a letter to clients and
Private equity fund manager and enterprise investment scheme (EIS) specialist Calculus Capital has made a GBP2.5 million investment in diagnostics company Epistem via its EIS fund and venture capital trust (VCT) investment vehicles.
Calculus is the cornerstone investor in a GBP6.5 million equity fundraising undertaken by Epistem.
Epistem, an AIM-listed molecular diagnostics and biotechnology company, will use the investment to fund its next stage of growth, which includes developing low-cost, rapid and simple to use tests for diagnosing infectious diseases such as tuberculosis (TB), Hepatitis C, Hepatitis B and HIV via its Genedrive platform.
Epistem, which will be
Private equity firms Maven Capital Partners and YFM Equity Partners have backed the MBO of Indigo Telecom Group, acquiring the business from parent TTG-Global.
Maven and YFM have invested in partnership to provide a GBP12 million funding package, including additional funds to support a buy and build strategy to scale and diversify the Indigo group.
South Wales based Indigo designs, installs and maintains telecom networks across the UK and Europe, enabling customers such as Vodafone, Sky and BT to deliver fixed line, broadband, mobile and other data services to a wide variety of corporate, enterprise and consumer end users.
Marlin Equity Partners has held the first and final closing of Marlin Heritage Europe with EUR325 million of total capital commitments.
The Heritage Europe Fund was exclusively offered to existing investors in Marlin's lower middle market focused Heritage Fund platform and closed at its hard cap in just over two months while generating demand well in excess of its initial EUR200 million target.
The Heritage Europe Fund is a natural progression for Marlin following the firm's long history of investing in European businesses since 2006 and the establishment of a local European presence in January 2013, with the opening
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
