Managers
The latest study by the Australian Private Equity & Venture Capital Association Limited (AVCAL) shows that private equity (PE) backed Initial Public Offerings (IPOs) have outperformed non-PE backed IPOs over the three year period between 1 January 2013 and 31 December 2015.
The study is the third annual report prepared by leading global financial advisory firm Rothschild, in association with AVCAL, and analyses the share price returns of 67 IPOs with an offer size of AUD100 million or more which listed on the ASX between 2013 and 2015. Of these IPOs, 30 were PE backed and 37 were non-PE backed.
The Middle Market Growth Program (MMGP), jointly managed by Antares and LStar Capital, has closed a senior secured unitranche credit facility to support the acquisition of Preferred Compounding by Audax Private Equity.
Headquartered in Barberton, OH, Preferred Compounding is a leading custom rubber compounder in North America and employs more than 400 people at its four mixing operations in Georgia, Tennessee, Mexico and Ohio.
“We appreciate the flexibility and speed that Antares and LStar provide through MMGP,” says Mark D Cordes, managing director of Audax Group.
“Our sponsors and borrowers benefit from the ease and certainty of having
Artivest, a technology-driven investment platform that provides investors access to best-in-class alternative investment funds, has implemented new initiatives to enhance its offering to financial advisors and their qualified clients.
Artivest has joined the Depository Trust and Clearing Corporation's Alternative Investment Product Services (DTCC-AIP) platform, thereby integrating reporting for its vetted selection of premier funds with major custodians such as Schwab, TD Ameritrade, Pershing, and Fidelity. DTCC-AIP automates and standardises transactions between funds and participants in the alternative investment space.
Additionally, Artivest has coordinated directly with custodians and advisors to spare clients the administrative fees typically associated with such investments.
Stirling Square Capital Partners, a pan-European mid-market private equity firm, has acquired Mettis Aerospace (Mettis), an international manufacturer of precision forged and machined components for the aerospace sector.
The business was acquired from Saints Chamonix for an undisclosed value.
Mettis offers a fully integrated platform from initial design and development through to forging (with presses ranging from 500 tonnes to 12,000 tonnes), machining, finishing and testing. Mettis has significant technical expertise and know-how in forged alloy components, of increasing importance in the aerospace sector given the emphasis on high strength and lightweight.
Founded over 75 years ago, Mettis now
DS Healthcare Group is to acquire Radiancy, a developer of consumer medical devices and the Neova dermatological products business from PhotoMedex, in a transaction structured in two reverse triangular mergers, with a non-dilutive provision.
The board of directors of both companies have voted unanimously in favour of the transaction. The transaction is subject to customary closing conditions, including shareholder approval and regulatory approvals. Holders of approximately 24 per cent of the common stock of DS Healthcare and approximately 17% of the common stock of PhotoMedex have agreed to vote their shares in favor of the merger, which is currently expected
Canadian private capital continued its climb in 2015: venture capital (VC) activity saw amounts invested and fundraising increase substantially, with exit values reaching historical highs. Private equity (PE) saw solid fundraising numbers and large increases in volume.
These are some of the main findings from the Canadian Venture Capital & Private Equity Association's (CVCA) private capital market activity reports for 2015.
VC investment continued its strong growth in 2015, with 536 deals capturing CAD2.3 billion, an increase of 24 per cent and 12 per cent respectively over 2014. Primarily driven by three large IPOs (Shopify, ProNAi, and Davids Tea),
Budget gym chain Xercise4Less is planning to roll-out further gyms across the UK after posting an 83 per cent increase in sales and securing a new round of funding from its equity partner, BGF (Business Growth Fund).
The Leeds-headquartered business grew total sales to GBP21.9 million in the 12 months to July 2015, up from GBP12 million in its previous financial year. As a result of its organic roll-out, Xercise4Less now operates 35 gyms and has an increasing national coverage with sites across the north of England, the Midlands, the South West, Scotland and Wales, and opened its first gym
Private equity (PE) in 2015 turned in a solid year against a backdrop of slowing global economy, increasing volatility in public equity markets and feverish competition that drove investment multiples to new highs, according to Bain & Company.
The firm’s seventh annual private equity report reveals that new PE deal-making ground on steadily in 2015, as it has every year since 2010 – the start of this remarkably durable PE cycle. Deal value for announced global buyouts totalled USD282 billion, a shade more than in 2014, and deal count dropped 14 per cent – a tad lower than last year. Yet,
The total capital raised by clients of impact investment intermediary ClearlySo has now surpassed GBP100 million with GBP60 million coming directly from ClearlySo’s network of institutional and high-net-worth individual investors.
ClearlySo has helped more than 75 businesses and funds, including Ethical Property Company to let office space to “social change” tenants, Green Rooms to provide affordable accommodation for artists and urban regeneration in North London, Impact Ventures UK to raise money for their Impact Investment Fund, Aduna to create demand for under-utilised natural products from small-scale producers in rural Africa, and Harry Specters to produce award-winning chocolate and provide
Observable Networks, an specialist in threat detection services, has closed USD1.625 million in convertible debt funding from investors arranged by DH Capital and SaaS sectors.
Observable Networks received additional backing from Vectis Healthcare and Life Sciences Fund II, a private investor, of which Stifel, Nicolaus & Company, Inc. is a general partner. The new round of investment follows previously announced USD2.45 million in Series A1 funding from May of 2014.
The capital will be used to fund the growth of Observable Networks' sales and marketing team and increase IT security market awareness of the company's dynamic endpoint modeling technology
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