Managers
Mid-market private equity firm LDC has exited its minority investment in global managed service provider Easynet following completion of its acquisition by Interoute.
LDC backed the original buyout of Easynet from BskyB in 2010, working alongside management to build the UK’s leading independent provider of managed networking, hosting and cloud integration services.
It reinvested as part of Equistone Partners Europe’s simultaneous acquisition of Easynet and MDNX Group in 2013, a deal which created the largest independent network and hosting integrator in Europe.
The sale to Interoute delivers a money multiple of 2.2x for LDC.
In the last
Law firm Noerr has advised Zalando on the takeover of the Berlin fashion fair Bread & Butter. Zalando is acquiring the operating company of the trade fair under an insolvency plan procedure.
The creditors have unanimously approved the insolvency plan today, and the insolvency proceedings are expected to be terminated soon.
In December of last year, Bread & Butter filed for insolvency, and Christian Graf Brockdorff was appointed as insolvency administrator.
Arma Partners has acted as exclusive financial advisor to IRIS Software Group Limited on its recapitalisation by HgCapital at an enterprise valuation of GBP763 million.
HgCapital has been an investor in IRIS Software since acquiring the business for GBP102 million in 2004 and a majority owner for seven of the past eleven years.
With 35 years’ experience, IRIS Software is a leading provider of business critical software and services to the UK accountancy and SME sectors. Over 18,000 UK accountancy firms use IRIS Software every day to run their practices, with 7,000 consuming at least one cloud solution
The private debt industry in Asia has already seen fundraising growth within the distressed debt and mezzanine segments in so far in 2015 compared to 2014. However, the industry in Asia is still far less established than in North America and Europe. Special situations funds have continued to see strong fundraising in the region, and the strategy is likely to once again be the most attractive avenue for exposure to Asian private credit.
Given the moderate fundraising for Asia-focused funds, dry powder levels have remained relatively stable, with USD6 billion in available capital. Mount Kellet Captial Management has held a
Private equity firm Mid Europa Partners is to take full ownership of Walmark after agreeing to buy out the founding Walach family. The transaction is subject to anti-trust clearance.
Mid Europa originally acquired a 50 per cent stake in the consumer healthcare company in December 2012.
Michelle Capiod (pictured), Partner at Mid Europa, says: "We would like to thank the Walach family for our excellent partnership and wish them great success in their future endeavours. We have jointly transformed Walmark from the leading dietary supplements business in Central and Eastern Europe into a focused consumer healthcare platform with an
Highland Europe has raised a new EUR332 million tech growth fund, Highland Europe Technology Growth II.
This follows Highland Europe’s 2012 EUR250 million Highland Europe Technology Growth I fund that invested in 15 technology companies including WeTransfer, AMCS, GetYourGuide, Outfittery, SocialPoint, Finanzcheck, TalentSoft, eGym, Intersec, NewVoiceMedia, Brandwatch, Matches Fashion, Jampp, LoveCrafts, and Malwarebytes.
Highland Europe’s partners – Fergal Mullen, Laurence Garrett, Irena Goldenberg, Sam Brooks and Tony Zappala (pictured)– intend to continue investing this second fund with the same laser-focused growth-stage investment strategy: targeting rapidly emerging internet, mobile and software companies. These companies are led by inspiring entrepreneurs who
Dunedin has joined the Alliance for Global Growth, a newly launched global network of lower mid-market private equity firms and the first of its kind to operate across Europe and the USA.
The Alliance for Global Growth currently includes ten members drawn from Western Europe and the United States. In addition to Dunedin, which targets buyouts of market-leading companies headquartered in the UK with a deal size of GBP20 -100 million, the network includes Nordic mid market specialist, Axcel; Finatem, a German private equity fund focused on the “Mittelstand”; French mid market house Nixen; Nazca, a leading Spanish mid-market firm;
Swander Pace Capital, a private equity firm specialising in investments in consumer products companies, has acquired Voortman Cookies, a manufacturer and marketer of cookies and wafers.
Based out of Burlington, Ontario, Voortman Cookies products are sold in retailers throughout the world.
“For over 60 years, Voortman Cookies has remained one of the most well-known brands in Canada and has grown its footprint throughout North America and across the world,” says Andrew Richards (pictured), managing director at Swander Pace Capital. “We see a huge opportunity to help the company expand even further through increased investment in product innovation, distribution and
The Gibraltar Financial Services Commission (GSFC) has signed MoUs with both the SFC and HKMA regarding consultation, cooperation and the exchange of information related to the supervision of AIFMD entities.
CEO of the GFSC, Samantha Barrass, says: “Signing the AIFMD MoUs with the two Hong Kong regulators is an important development for us. It supports open, strong cooperation with the SFC and the HKMA in our regulation of AIFMD establishments, and is a very useful tool for us as a regulator”.
These are very welcome agreements for the GFSC, especially following the recent marketing initiative to Hong Kong by
PwC has teamed up with IncuBus Ventures to launch Future of Work, a 12 week incubator programme that will focus on startups in AI, Cyber Security and Smart Office solutions.
The programme starts on 11 January 2016 and will look to develop early stage startups with an MVP ready for the world’s best accelerators and further funding.
This is done through nine hours of programme content (mentor sessions, skills based workshops and office hours) a week, plus additional services and activities to help develop a strong foundation for the startups to continue growth beyond the programme.
Applications are
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
