Almirall, a pharmaceutical company based in Barcelona, has exercised a call option to acquire 100 per cent of the share capital of ThermiGen, a privately held medical aesthetics technology company and a developer and manufacturer of thermistor-regulated energy systems for plastic surgery and aesthetics dermatology applications.  In September 2015, Almirall acquired a minority stake in ThermiGen for USD USD5 million representing 7.7 per cent of the share capital of the company and paid USD2.5 million in exchange of a call option right to acquire up to 100 per cent of the company for an Enterprise Value of C. USD80m. In

Patron Capital and Electra Partners have agreed the GBP325 million acquisition of Grainger Retirement Solutions, the home reversion equity release business of Grainger plc.  Completion of the transaction, in which each of Patron and Electra will invest GBP45 million, is subject to regulatory approvals. Board representation will be equal between Patron Capital and Electra Partners. Patron Capital will be the operating partner. Retirement Solutions is an originator, consolidator and servicer of home reversion equity release plans. The business has around 20 staff and its current portfolio comprises over 3,500 properties. Keith Breslauer, Managing Director of Patron Capital, says: “As property

MCI.EuroVentures fund has signed an agreement for the purchase of 100 per cent of the shares in Mobiltek, the owner of Dotpay, a Polish electronic payment specialist. The latest investment of the MCI.EuroVentures fund is in line with the strategy to strengthen the fund’s exposure to services in the financial technologies sector (FinTech), one of the fastest growing new technology sectors. Dotpay is one of the leaders of the Polish market of electronic payments. The company has a share of over a dozen per cent in ‘Pay-by-link’, one of the most popular payment forms in Polish e-commerce, making up over

GE Capital, Corporate Finance has served lead arranger on a USD180 million senior secured credit facility for Arbor Investments, a Chicago-based food and beverage private investment firm, to acquire a majority equity stake in DPI Specialty Foods.  GE Capital Markets served as sole lead arranger and bookrunner on the transaction. Ontario, California-based DPI Specialty Foods sells gourmet, ethnic, organic and better-for-you foods to national, regional and independent retailers, with eight distribution centres across the US. “GE Capital and Arbor Investments have a long-standing relationship that has provided many opportunities for food and beverage companies,” says Paul Baisley, managing director for

The Riverside Company has acquired Euromed, a provider of standardised herbal extracts and natural active substances for the pharmaceutical, dietary supplement and cosmetic industries. Euromed is a corporate carve-out from Meda, a Swedish pharmaceutical company. Based in Barcelona, Euromed processes more than 4,000 tons of raw materials every year to produce approximately 600 tons of high-quality extract to meet the needs of more than 350 customers in 35 countries worldwide. “Euromed is one of the world’s leading suppliers of pharmaceutical and dietary supplements and meets the high standards to merit full certification by the US Food and Drug Administration and

Aquila Capital has increased its exposure to renewable energy in Scandinavia by agreeing a majority co-investment in Norway’s largest operational wind park, Midtfjellet. The project has an installed capacity of 110 MW and an extension permit of 40 MW.  The shares have been purchased from the Norwegian utility Energiselskapet Buskerud AS. The transaction underlines Aquila Capital’s strategy of acquiring renewable energy assets through cooperations with energy companies. Midtfjellet has been connected to the grid since 2013 and contains 44 Nordex N 100 and N 90 turbines. The park is located near the coast in the south of the country approximately

Private equity firm Wellspring Capital Management's portfolio company ProAmpac has completed its previously announced acquisition of Coating Excellence International (CEI), a specialist in wide web extrusion coating and laminating of film, foil, paper, board and nonwovens.  Financial terms of the deal have not been disclosed. ProAmpac, formed by Wellspring through the recent merger of Prolamina Corporation and Ampac Packaging LLC, is a global flexible packaging company operating primarily under the Prolamina, Ampac and Tulsack brands. Together, the brands offer multiple innovative solutions in flexible packaging for the food, pet care and medical markets, along with secure packaging for the transport

Funds associated with private equity firm Providence are to acquire Biteì Finance International (Bite) from Mid Europa Partners for an undisclosed price. The transaction is expected to complete in the first quarter of 2016. Bite controls a leading mobile operator in the Baltic countries (No2 in Lithuania and No3 in Latvia) that is focused on meeting growing demand in the region for a high quality network experience and providing excellent customer service. The Group offers a wide range of mobile services, internet access and data services for business and residential customers through its nationwide coverage.   Michelle Capiod, Partner of