Managers
Actis has sold its majority shareholding investment in Mouka Limited (Mouka), a Nigerian mattress brand, to Abraaj, a private equity investor. Financial details of the transaction have not been disclosed.
Mouka manufactures foam spring mattresses, polyurethane blocks, pillows and furniture for consumers in West Africa. Actis invested in 2007 and since then it has expanded the company and its operations across Nigeria; built best in class manufacturing facilities; expanded production and distribution; brought in a first-rate board and institutionalised the organisation, helping Mouka evolve from a well-respected, family owned business into a sustainable, successful corporation.
John Opubor, Director in
Private equity firm RoundTable Healthcare Partners has completed the acquisition of TIDI Products.
Founded in 1969 in Neenah, WI, TIDI was once primarily a manufacturer of paper-based barrier products. Through a strategically executed acquisition program and internal initiatives, TIDI has expanded its product offering to include a portfolio of differentiated, acute care focused medical products. Today, the Company is a designer, developer and manufacturer of a broad suite of medical devices and supplies for preventing infections and supporting caregivers across acute care, alternate site and dental end-markets. Financial terms of the transaction were not disclosed.
Joe Damico, Founding Partner and
In the first six months of 2015, Israeli high-tech exit activity accelerated, garnering USD5.29 billion in 54 deals – nearly 76 per cent of the total proceeds from exits in all of 2014, with 107 deals totalling USD6.98 billion, and 80 per cent of USD6.62 billion in 91 exits in 2013, both considered part of the few most successful years for Israeli exits.
The figures published are part of the IVC-Meitar Exits Report H1 2015.
The average deal size in H1/2015 was USD98 million, 51 per cent more than the annualised average of USD65 million in 2014 and 34 per
High Road Capital Partners has acquired Toronto-based Ariad Communications, which it will combine with its platform company Bluespire Marketing.
Ariad is a strategic marketing agency specialising in serving Canadian clients with content, digital marketing and consumer activation capabilities.
Bluespire is a leading provider of strategic, multi-channel marketing solutions with emphasis on end-user content and digital marketing for healthcare, financial services and senior living companies. Each business will continue to operate its brands.
Mike Beckerman (pictured), a 20-year marketing veteran and President of Ariad, will serve as CEO of the combined company.
“Ariad and Bluespire are experts in
LSQ Funding Group has received USD40 million of capital from Ares Capital Corporation (NASDAQ: ARCC), the largest business development company in the United States.
This USD40 million financing is in addition to the more than USD100 million investment in April led by Lovell Minnick Partners LLC, a private equity firm that specialises in the global financial services industry.
“I’m thrilled that another high-quality institutional investor is supporting our mission to simplify and streamline access to invoice financing for businesses of all sizes,” says LSQ Funding’s CEO and founder Max Eliscu. “We will use this capital to accelerate our plans, reinventing
Great American Capital Partners has led a USD25 million senior secured first-in last-out (FILO) term loan to General Wireless Operations, Inc., doing business as RadioShack.
The term loan is part of a USD75 million financing package that includes a USD50 million asset-based revolving credit facility led by RBC Capital Markets.
Earlier this year, General Wireless, an affiliate of the New York-based investment firm, Standard General LP, acquired certain assets of RadioShack, including more than 1,700 store leases, the RadioShack trademark and other intellectual property. General Wireless intends to rebuild the RadioShack brand around a core product base to be sold
Hedge funds suffered a blow in June, with the Lyxor Hedge Fund Index down 2 per cent. The industry is nonetheless outperforming traditional asset classes in a context in which the correlation between equities and bonds is positive. In June, the MSCI World was down 2.6 per cent and sovereign benchmarks were down on both sides of the Atlantic (the 10-year Bund price is down 2 per cent; 10-year Treasury price down 1.7 per cent).
Private equity firm Tailwind Capital has held the final closing of Tailwind Capital Partners II in excess of its USD750 million target, raising a total of USD1.05 billion of committed capital.
Fund II will pursue the same investment strategy Tailwind has employed since its inception – partnering with leading entrepreneurs and management teams in North America to transform businesses through organic growth initiatives, acquisitions, and operational and strategic improvements. Tailwind’s team of 27 investment professionals and senior operating executives works collaboratively with portfolio company management to build sustainable growth businesses.
Fund II received commitments from existing and new investors, including
The lack of hedge funds’ excess returns since the financial crisis put the industry under rising pressure. In this 12th edition of the White Paper, we review the causes and identify the key hedge fund performance drivers. We put to test these drivers under three long-term macro-economic scenarios. It is reasonable, in our view, to expect hedge funds to deliver an annual excess returns in the 5-6 per cent range above the Libor 3M, with low volatility.
Criticism against the lack of hedge funds outperformance climaxed in 2014. Hedge funds have underperformed traditional asset classes since the financial crisis. Despite
Euronext posted its strongest six-month trading volume performance since the end of 2011 in the first six months of 2015, supported by favourable economic conditions.
The June 2015 average daily transaction value on the Euronext cash order book stood at EUR9,202 million (+54 per cent compared with June 2014). Activity on ETFs remained particularly dynamic last month with an average daily transaction value at EUR587 million, up 106 per cent compared to June 2014.
Cash markets saw a material increase in trading activity across the first half of 2015, with an average daily transaction value for the period up
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