Managers
Funds advised by Advent International (Advent) and the European Bank for Reconstruction and Development (EBRD) have acquired Hypo Group Alpe Adria AG, with its Southeast Europe banking network (SEE) from Heta Asset Resolution, the wind down asset of the former Hypo Alpe Adria owned by the Republic of Austria.
The acquisition was formally closed today following all conditions agreed in the Sales and Purchase Agreement (SPA) signed on 22 December, 2014 being met.
The Group’s Management Board will be led by newly appointed Group Chief Executive Officer (CEO) Ulrich Kissing. Johannes Proksch will act as CFO, Stefan Selden as
In an extract from the Preqin Quarterly Update: Real Estate, Q2 2015, we investigate private real estate funds currently seeking investor commitments, featuring the latest data.
The number and aggregate target capital of closed-end private real estate funds in market has remained relatively consistent during Q2, with 417 vehicles looking to raise USD149bn as of July 2015 (Fig 1). The majority of funds in market are focused primarily on North America (56 per cent), with the region also representing 58 per cent of the total targeted capital (Fig 2). The number of funds focused on regions outside North America,
Private equity fundraising is analyzed in this extract from the Preqin Quarterly Update: Private Equity, Q2 2015, featuring the latest data and breakdowns by fund strategy and geographic focus.
Following the typical drop-off in the number of funds closed from Q4 to Q1, Preqin’s Q2 2015 data shows a levelling off of vehicles reaching final close, with 243 funds closed during the quarter (Fig 1). However, there has been a continued dip in capital raised, with USD113bn secured by funds closed in Q2 2015, down from 241 funds securing USD129bn in Q1 2015.
In line with the trend observed
Main Street Hub has closed a USD25 million Series C equity financing round from Vista Equity Partners.
The investment will support the company’s rapid growth, which includes plans to introduce several new product offerings and hire 300 employees in its Austin and New York offices by the end of the year. Main Street was 73rd on the Inc. 500 list of America’s fastest growing companies in 2014.
“Marketing a local business has become significantly more complicated since the days of the Yellow Pages, and today’s consumers expect a two-way conversation across a variety of online channels,” says Andrew Allison,
Fuel.Ventures, a newly formed fund led by one of Europe’s leading technology entrepreneurs and investors, Mark Pearson (pictured), partnered with Europe’s leading equity crowdfunding platform Seedrs to give everyday investors access to a pipeline of high growth European e-commerce start-ups.
To date, 274 investors have helped the fund push past its half a million pounds target.
When the crowdfunding started, Pearson became the first successfully exited entrepreneur and angel investor to set up an investment fund and open it up to everyone.
After aiming to raise GBP500,000 from investments of as little as GBP100, Fuel.Ventures’ world-first crowdfunded investment
International investment bank Altium has had a strong start to 2015, advising on 26 deals worth GBP5.4 billion.
The first half has seen a team, led by CEO Phil Adams, advise on the GBP1.9 billionn sale of UK retail business New Look to South African investment company Brait. Altium also acted as adviser to CVC Capital Partners on the purchase of Douglas, Europe’s leading specialist retailer of beauty and personal care products, with revenues of circa GBP1.8 billion.
The firm’s UK offices were very active during the period, completing nine deals. Key deals in addition to New Look included
Exponent Private Equity (Exponent) is to acquire The BBI Diagnostics Group (BBI), a provider of products and technologies to the diagnostic, healthcare, research, defence and food industries, from Alere Inc for USD164 million.
Founded in 1986, BBI became a listed company on London’s AIM market in 2004, before being acquired by Alere (formally Inverness Medical Innovations) in 2008. Headquartered in Cardiff, South Wales and employing c470 people across multiple global sites, BBI has been a trusted partner to some of the world’s leading diagnostic and healthcare organisations for over 25 years. BBI was founded upon the success of the superior
Preqin’s Real Estate Online provides comprehensive information on 76 institutional investors based in Chicago that actively invest in real estate, which collectively represent over USD57 billion invested in the asset class. Nearly a quarter of all institutional real estate investors based in Chicago are foundations (Fig 1), closely followed by private sector pension funds (20 per cent), and endowment plans, public pension funds and wealth managers, which each comprise 13 per cent of the total number.
Due to the large proportions of smaller investors in terms of assets under management (AUM), such as foundations, endowments and wealth managers, 47 per
BaltCap has sold its 48 per cent shareholding in the Latvian moulded fibre manufacturing company VLT Ltd.
BaltCap invested in the company back in 2004 to finance two rounds of expansion of production capacity. While post crisis economic environment proved challenging to sustain growth of the company, the moulded fibre packaging producer maintained solid profitability, acquired new export markets and solidified its market position in Eastern Europe.
The shareholding was sold to one of the founders of the business. The parties have agreed not to disclose details of the transaction.
Private equity firm Arlington Capital Partners has acquired Avalign Technologies from RoundTable Healthcare Partners.
Avalign is a manufacturer of implants and instruments, specialty instrumentation, cutting tools, and cases and trays to the orthopedic medical device and specialty surgical markets. Avalign offers its OEM partners a broad portfolio of manufacturing solutions and extensive engineering design, development, and project management capabilities from concept to launch. Avalign has an established reputation for consistent and sophisticated quality systems, flexible capacity capabilities, and superior customer service.
Matt Altman (pictured), a Partner at Arlington Capital, says: “Avalign is an established leader in the large and
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