Managers
Private equity fund manager Clessidra SGR is to acquire a majority equity stake in the Florentine maison Roberto Cavalli.
Founded in Florence in the seventies, Roberto Cavalli has become a brand of reference in the international luxury goods market, thanks to an extensive network of about 200 mono-brand boutiques.
Besides its high-end line “Roberto Cavalli”, the brand also designs the young casual “Just Cavalli”, the bridge line “Cavalli Class”, and the kids “Roberto Cavalli Junior”
SK Capital Partners has closed its previously announced acquisition of a controlling interest in AEB Group, a spcecialist in wine ingredients with growing positions in beer ingredients and food detergents.
SK Capital’s majority ownership was acquired via a capital increase and a purchase of shares from existing investors including Investindustrial, one of Europe's leading investment groups, mainly focused on Southern European companies. Investindustrial affiliates and AEB Group management continue to have minority ownership positions.
AEB Group provides an integrated suite of products and related services – including a full spectrum of biotechnology solutions, processing aids, and specialized equipment – for
Merger and acquisition activity has held up in the UK during the first quarter of 2015 despite the uncertainty created by the election, according to the latest PCPI/PEPI Index from BDO Corporate Finance.
The index, which tracks the multiples paid by trade and private equity buyers for private companies found that private equity buyers are paying more than the previous quarter – 10.9x up from 9.5x while trade buyers are paying less – 9.2x down from 11.7x. The disparity between multiples is explained by the relative growth profiles and size of transaction during the quarter – private equity tended to
London-listed private equity fund JZ Capital Partners has acquired SAC, an operational van leasing company based south of Copenhagen, Denmark.
Led by CEO Rene Ubbesen, who has been with SAC and its predecessor company for over 20 years, SAC’s business model is based on flexible short and long term leases with an average lease period of approximately four years. SAC controls the full life cycle of its product, including procurement, financing, service & warranty and resale.
JZCP acquired 45 per cent of SAC through its EuroMicrocap Fund for approximately EUR2.8 million. Furthermore, JZCP also acted as mezzanine lender, providing EUR4.8
Private equity fundraising through the first quarter is examined in this extract from the Preqin Quarterly Update: Private Equity, Q1 2015.
Q1 2015 has seen a marked drop in the number of private equity funds closed, down from 324 in Q4 2014 to just 166 in the first quarter of the new year (Fig. 1). When compared with Q1 2014, the same downward trend is apparent, with 263 vehicles closed in the first quarter of 2014. However, despite a decline in number of funds, the level of aggregate capital raised has not fallen proportionally. Private equity vehicles closed in
In the Bain & Co Global Healthcare Private Equity Report 2015, the prominence of early stage investments in the healthcare sector is a recurring theme, detailing how larger funds are continuing the trend of investing down market. Preqin’s Funds in Market online service tracks 99 early stage venture capital vehicles currently in market with a focus on the healthcare industry, either solely or as part of a wider industry focus; these funds are collectively targeting USD7 billion in commitments.
Early stage healthcare venture capital fundraising has undoubtedly been strong in recent years: 2014 saw the highest ever amount of capital
Following on from last week’s article, which identified groups that found success through the first three months of 2015, this extract from the Preqin Quarterly Update: Hedge Funds, Q1 2015 looks at which funds and strategies struggled to perform in Q1.
Discretionary CTAs
CTAs experienced a revival in the latter half of 2014 following several years of subdued performance. Trend followers in particular continue to benefit from reduced levels of correlation between markets; systematic CTAs tracked by Preqin’s Hedge Fund Analyst have returned on average 17.18 per cent over the last 12 months. This contrasts markedly with the performance
Francisco Partners, a technology-focused private equity firm, is to acquire HealthcareSource, a provider of talent management solutions for healthcare.
The transaction is expected to close within approximately 30 days, following satisfaction of customary conditions. President and CEO Peter Segall will continue to lead HealthcareSource following the transaction.
“HealthcareSource has established an impressive leadership position in the important and growing healthcare talent management market,” says Ezra Perlman, partner at Francisco Partners. “The company has real momentum, increasing its customer base from 1,000 to 2,500 healthcare clients and demonstrating an ability to capitalise on growing demand for talent solutions in the healthcare
Echo an up-and-coming technology company focused on improving the accessibility and usability of day-to-day products has launched a crowdfunding campaign on CrowdCube.
Echo’s Connect charge-key recently achieved substantial success on Indiegogo, raising over USD56,000 in pre-sales doubling its USD10,000 target in the first 72 hours, and attracting over 30 potential distributors in 20 countries.
The Connect Key is the first ever Apple certified dual connector. It is every micro USB and Apple lightning cable condensed down to one small key-sized connector. Charge your smartphone, android, iPhone, tablets, cameras, and more with one device.
This is the first time
Silicon Valley-based medtech company Scanadu has received USD35 million in Series B funding round led by Fosun International and Tencent Holdings Limited, with participation from China Broadband Capital and Iglobe Partners of Singapore.
A-round investors Relay Ventures, Redmile Group, Ame Cloud Ventures and Three Leaf Ventures, an affiliate of The Broe Group, also participated. Scanadu has now raised USD49.7 million in total funding to date.
“We continue to build out our family of products and move down the path to regulatory clearance in the US and China,” says Scanadu founder and CEO Walter De Brouwer. “Scanadu’s mission has always been
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