Managers
Amadeus is to acquire Navitaire, a wholly owned subsidiary of Accenture and a provider of technology and business solutions to the airline industry, for USD830 million.
Navitaire, which focuses on the low-cost and hybrid-carrier segments of the airline industry and has a global customer base of more than 50 operators, provides revenue-generation and cost-streamlining solutions in the areas of reservations, ancillary sales, loyalty, revenue management, revenue accounting and business intelligence.
The addition of Navitaire’s portfolio of products and solutions for the low-cost segment will complement Amadeus’ Altéa suite of offerings for its largely full-service carrier customer base, giving the
Wool Overs, the online and mail order knitwear retailer, has been acquired by private equity firm Langholm Capital. Clearwater International advised the founders of Wool Overs, Mark and Clare Shenton, on the sale.
Founded by Mark and Clare in 1989, Wool Overs has developed from a business selling cable-knit sweaters at country shows, to an international online retailer selling over 150 different styles of jumpers, sweaters and cardigans.
Based in West Sussex, the business has been recognised as a ‘Fast Track 100 Ones to Watch’ –with turnover increasing by 25% in each of the last two years. One third of
Private equity firm Permira has successfully completed the acquisition of Medora Snacks (Medora) and Ideal Snacks Holding Corporation (Ideal).
As of the closing, the Permira funds combined Medora and Ideal under a holding company called BFY Holdings I.
With the backing of the Permira funds, BFY Holdings will be well-positioned to create a global, diversified, better-for-you snack company, directly addressing the growing consumer trends toward healthier living and eating. By expanding brand awareness and distribution of existing products, including PopCorners®, and introducing innovative, new products, the company plans to transition from its better-for-you snack manufacturing heritage to a global,
JTC has added significantly to its global fund servicing capabilities with the major acquisition of Kleinwort Benson’s Fund Administration business in the Channel Islands and South Africa.
The transaction, which relates to the whole of Kleinwort Benson’s Fund Administration business in Guernsey, Jersey and South Africa, will give JTC its first permanent presence in South Africa, grow its global headcount by 40 per cent to a total of around 450, and augment its existing strengths across the alternative investment fund spectrum, including the private equity, debt and real estate asset classes.
Upon completion of the deal, the new business will
Franklin Square Capital Partners has provided a USD150 million first lien secured term loan to Latham Pool Products, a manufacturer of in-ground residential swimming pools and components.
Latham is a portfolio company of Littlejohn & Company (Littlejohn), a Greenwich, CT based private equity investment firm focused on the middle market. The financing was provided by FS Investment Corporation (NYSE: FSIC), FS Investment Corporation II (FSIC II) and FS Investment Corporation III (FSIC III), BDCs managed by affiliates of Franklin Square and sub-advised by GSO / Blackstone Debt Funds Management LLC (GDFM), an affiliate of GSO Capital Partners LP (GSO).
Lawyers at Baker Botts advised clients on 35 major merger & acquisition transactions valued at a total of USD65.6 billion during the first half of 2015.
The firm’s activity is up approximately 16 per cent (USD9 billion) compared to the first half of 2014 when the firm worked on transactions totalling USD56.6 billion. The increase marks the second year in a row in which the firm’s numbers for the first half of the year have risen, with 2015 representing a more than 205 per cent increase when compared to 2013.
Baker Botts lawyers represented clients in a number of notable
Euronext subsidiary EnterNext, is to launch TechShare, an educational programme designed especially for fast-growing tech companies, in September 2015.
EnterNext has created this pan-European course to familiarise innovative businesses with capital markets and give them the information they need to take their companies to market.
EnterNext is aware of tech stocks’ market potential, and in November 2014 launched three initiatives to strengthen the clout and visibility of innovative SMEs. TechShare is the third of these, following the rollout of the Tech 40 label and the launch of Morningstar’s commitment to publishing information and analyses of young companies.
TechShare
Taliance, an analytics software provider in the alternative investment marketplace, has selected Hipercept, to serve as its channel partner for North and South America.
Taliance’s software solution, GlobalAsset, complements the technology infrastructure of alternative asset investment firms through real-time, dynamic forecasting, scenario modelling, and consolidated analytics capability for the front and middle office. Using GlobalAsset, customers in over 16 countries have demonstrably improved the performance of their international investment portfolios.
“Alternative asset investment firms worldwide have long demanded fund and asset analytics technologies that are able transcend the obvious shortcomings of home-grown spreadsheets and disparate data,” says Damien Georges
Livingstone’s Debt Advisory has advised Ding on its acquisition of US based iSend. Livingstone arranged debt facilities to support the acquisition and fund other projects.
Ding is a provider of international top-up services for mobile phones and is headquartered in Dublin, with offices across the globe. Ding is a service that anyone can use to top up a mobile phone in another country and its network now numbers over 350 mobile operators across 130 countries, supporting 3.5 billion phones. Ding was founded in 2006 by entrepreneur Mark Roden and in the year ended December 2014 it generated revenues of USD250m,
LBO France has completed the acquisition, from Roger Zannier, of IKKS, a French ready-to-wear clothing brands focused on the “casual chic” segment.
LBO France became the majority shareholder and Roger Zannier retained about 30 per cent of the company's capital. Furthermore, Silverfern, a fund specialised in co-investment, entered the capital structure of IKKS as a minority shareholder.
Alongside the management team, LBO France would continue to support the group’s growth, notably by accelerating its development in Paris, implementing a significantly strengthened communications programme, as well as supporting international expansion.
The IKKS Group has a portfolio of three complementary brands
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