Managers
Sport-Tiedje is to acquire Powerhouse Fitness,the trading name of Laidir Leisure Ltd, for an undisclosed sum. Upon completion of the acquisition, the combined company is estimated to be valued around GBP63m and will offer the biggest online range of products to the UK market with over 6,000 fitness related products.
Christian Grau, CEO of Sport-Tiedje Group, says: “We are excited to acquire Powerhouse fitness which is a strong player in the UK fitness market. Sport-Tiedje Group is Europe’s number one in home fitness and we have a clear international expansion strategy with the focus to further strengthen our position and
Europe-focused infrastructure funds have continued their strong fundraising in 2015, with 12 funds reaching a final close raising an aggregate EUR9.4 billion in investor commitments. This total follows the EUR9.6 billion raised in 2014, and
approaches the EUR10.5 billion raised by funds closed in 2013. This level of fundraising compares to 2007/8, when Europe-focused infrastructure funds raised EUR11.7 billion and EUR10.1 billion respectively.
Although it has seen several consecutive years of strong fundraising, the infrastructure industry seems to be following the trend seen in other alternative asset classes, as more capital is concentrated among fewer investment managers. The 12
The number of ‘high risk companies’ in the UK has shrunk massively. The new Graydon Risk Barometer shows that in 2007, just before the financial crisis, 16.23 per cent of the 1.7 million active UK companies were so unhealthy financially that they caused a serious business risk.
Now, in 2015, this number has decreased to 9.59 per cent. The reason for this spectacular decrease is that the economic crisis filtered out a lot of the unhealthy companies. Some remain though, hidden by low interest rates.
When the financial crisis was at its peak, in 2008, the number of unhealthy
Eurazeo is investing EUR300 million in Fintrax, one of the world’s leading providers of Tax Free Shopping (TFS) and Dynamic Currency Conversion (DCC) services.
Eurazeo will own 90 per cent of the equity and quasi-equity of the Fintrax group, the remaining being held by the firm’s management team. Eurazeo’s investment is based on an enterprise value of EUR550m, with a further EUR35m payable based upon 2016 performance. Closing is expected to occur before year-end.
Founded in Ireland in 1985, Fintrax is the parent company to Premier Tax Free, the number two player in TFS worldwide, helping eligible international travellers
After working with their M&A Team on a substantial number of cross-border deals US-based Equity Risk Partners Global have asked Vista Insurance Brokers Ltd to lead their network for Europe, the Middle East and North Africa.
With more and more mid-market businesses establishing a local presence in jurisdictions outside their traditional home locations and with the volume of cross-border deals rising, Gavin Ruben, Managing Director at Vista explains that: “There has been an increasing demand for insurance due diligence and portfolio servicing support to mirror this growing international presence.
“For Vista and our Private Equity clients the strengthening of
Active private equity funds generated USD24.2 billion in realised net gains for the California Public Employees' Retirement System (CalPERS) from 1990 to 30 June, 2015, based on data from the fund’s new Private Equity Accounting and Reporting Solution (PEARS).
During that same time period, PEARS data shows that CalPERS' external investment partners have realised USD3.4 billion from profit sharing agreements with CalPERS.
Over the 2014-15 Fiscal Year alone, CalPERS realised USD4.1 billion in private equity net gains while its external investment partners realised USD700 million from profit sharing agreements, according to PEARS data.
"The launch of the PEARS
Nexxus Capital has acquired Inversionistas en Restaurantes de Carnes y Cortes (IRCC), a subsidiary of multibrand casual dining restaurant platform International Meal Company Alimentação.
IRCC operates 51 company owned and 24 franchised casual dining Restaurants, mainly in Mexico City with presence in 17 other states. The Company has well-positioned brands in the casual dining restaurant sector through four main brands: La Mansión, Gino’s, Casa Ávila and Bistrot Mosaico.
Subject to internal authorisations, the transaction would be carried out by Nexxus VI Trust and Nexxus Capital Private Equity VI, directly or through Taco Holding, a portfolio company of Fideicomiso Nexxus
An investment fund affiliated to private equity firm Lightyear Capital has completed its acquisition of a majority equity stake in Pathlight Capital, a commercial finance company dedicated to providing companies innovative financing solutions to support growth, acquisitions, refinancings, and restructurings. The terms of the transaction have not been disclosed.
Founded in 2012, Pathlight has focused on providing secured asset-based loans primarily to companies in the consumer and retail sector. Going forward, Pathlight intends to use its expertise to tailor financing solutions for companies not just in the consumer and retail sector, but for companies in other industry sectors as well.
Cleary Gottlieb is advising pharmaceutical company Allergan on its USD160 billion merger with Pfizer which will create a new major player in the global biopharmaceuticals market.
Under the terms of the proposed transaction, the businesses of Pfizer and Allergan will be combined under Allergan plc, which will be renamed Pfizer plc. The transaction is subject to regulatory approvals and is expected to close in the second half of 2016.
The multidisciplinary Cleary Gottlieb team advising Allergan is led by corporate/M&A partners Paul Shim and Jim Langston. The corporate/M&A team also includes associates Kimberly Spoerri, Kyle Harris, Luke Ricci, Raymond Palmer and
Corporates, or strategic buyers, may participate in more merger and acquisition (M&A) transactions in the US lodging industry if the capital conundrum for private equity (PE) firms persists, says Fitch Ratings.
Lower investor demand for high yield bonds and loans caused by recent capital markets volatility, if continued, would increase the cost of debt capital for PE firms, making it more challenging for them to deploy their significant uncalled investment capital, or dry powder.
Total PE dry powder was USD1.34 trillion as of October 2015, up 12.9 per cent from year-end 2014, according to Preqin. Uncalled capital for real
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
