Managers
Palatine Private Equity has completed the management buyout of Vernacare, the UK’s market leading provider of single use infection control systems to the healthcare sector. This is Palatine’s first deal from the GBP220m Fund III which closed in June this year.
Based in Bolton, Vernacare employs over 200 staff across the UK and North America and sells to a varied customer base in more than 50 countries worldwide.
The company manufactures and supplies a range of products including the Vernacare system, which is the most widely adopted single-use disposable system in the UK healthcare market. It is comprised of
KKR is to acquire a majority stake in Selecta Group (Selecta) from Allianz Capital Partners ACP. The transaction is subject to, among other things, the consent of Selecta’s bondholders.
Selecta is a leader in the European vending and coffee services market and geographically diversified across Europe with operations in 21 countries and a special focus on Switzerland, Sweden and France. The company operates more than 145,000 vending machines, employs approximately 4,500 people, and serves more than 6 million consumers daily. KKR has supported Selecta since 2014, when KKR Credit provided EUR220 million in long-term financing as part of the Group’s
Inflexion has completed the GBP92m buyout of Alcumus Group Ltd (Alcumus), a market-leading provider of technology-enabled compliance risk management and certification services, from Sovereign Capital.
Alcumus serves over 8,000 clients, including 35 per cent of the FTSE 100, providing outsourced risk management services which are critical to compliance with UK regulations and internationally recognised standards. Formed through the integration of five companies, this high growth business holds a prominent share of the fragmented UK market, valued at around GBP500m and forecast to grow by up to 10 per cent per annum. Favourable market conditions are driven by a continuous regulatory
This factsheet from Preqin brings you up to speed with the latest data and information on private equity backed deals and exits that took place in Q3 2015. The factsheet features top-level industry statistics, key takeaways and listings of the largest deals and exits to have occurred in the third quarter.
View the factsheet here.
eMoov, the online UK estate agency, is celebrating a successful crowdfunding campaign after raising GBP2,615,530, more than two and half times its target.
eMoov launched the six-week fundraising campaign on the crowdfunding platform Crowdcube on 1 September and had initially targeted GBP1m for 5% equity in the company.
The figure achieved by eMoov was Crowdcube’s highest share equity raise for a property tech business and the second highest for a tech company behind JustPark who raised GBP3.7m in March.
With investments ranging from GBP10 to GBP500,000, money was raised from 795 individual investors, including VC investment from Episode 1 Ventures, Maxfield Capital Partners and
FilmTrack, a provider of content and rights management for the media and entertainment industry, has secured an additional USD10 million in growth capital.
The new investment is comprised of USD5 million in venture debt financing from Wellington Financial LP, a privately-held specialty finance firm, and USD5 million in debt financing from Silicon Valley Bank.
FilmTrack streamlines the complex intellectual property management lifecycle with its flexible and powerful cloud-based platform. Its applications suite spans sales, finance and legal functions and is available from any connected computer or device. Many of the world's top media and entertainment companies, such as CBS,
CreditEase China has held the first close of CreditEase Israel Innovation Fund (CEIIF), the firm’s first Israel-focused venture-capital/private-equity fund, at USD30 million.
CEIIF is managed by Israel Innovation Investment Management Ltd, a Cayman Islands-based manager that is jointly owned by CreditEase and its founding managing partners, Tayman Kan and Benjamin Weiss.
The new fund focuses primarily on private technology companies located in Israel and the US It considers opportunities across a broad spectrum of industries, including technology, media, telecommunications, health care and smart materials, and will invest in a mixture of early- and later-stage opportunities.
"The first closing
European small and medium-sized enterprises (SMEs) have access to nearly twice the amount of funding as their US counterparts, yet bank loans remain the most common form of SME finance in Europe.
This leaves huge scope for small businesses to tap additional funding sources for loans, bonds and equities, finds new research by the Association for Financial Markets in Europe (AFME). However, many SMEs remain unaware of the options available to them.
In Spain and Italy, for example – where small businesses tend to lean most heavily on financing sources, such as banks – Italian SMEs received EUR233 billion
Private equity firm TA Associates is to acquire Frank Russell Company’s asset management business, Russell Investments, from London Stock Exchange Group (LSEG) in a deal valued at USD1.15 billion.
As part of the deal, which is subject to the usual regulatory approvals and is expected to close in the first half of 2016, Reverence Capital Partners is making a ‘significant minority investment’ in Russell Investments.
“We are delighted to partner with such an established and highly respected market leader in the investment management industry,” says Todd Crockett, a Managing Director at TA Associates. “We believe that the breadth of Russell Investments’ investment and implementation operations, as well as its orientation
Investcor has added POC, a manufacturer of skiing and cycling helmets, gear and accessories, to its portfolio. POC was acquired for USD65 million from outdoor equipment maker Black Diamond.
Established in 2004 and headquartered in Sweden, POC’s quest is to provide athletes and consumers with the highest standard of personal protection. POC’s line of products includes helmets, body armour, goggles, eyewear, gloves and other gear, which are currently sold across 27 countries worldwide. Through technical collaboration with partners such as Volvo and Ericsson, POC is pioneering innovative safety concepts.
The company also partners with leading sportsmen and women as
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