Managers
Growthgate Capital has sold its 70 per cent stake in Able Logistics Group to Kerry Freight Services (South Asia), a wholly owned subsidiary of Kerry Logistics Network, for USD32 million.
Taking into account this transaction and prior dividends received, Growthgate Capital has realised a 3x return on its investment in Able. The preparations for Able’s IPO which were announced in Q1 2014, were set aside indefinitely in favour of Kerry’s strategic buyout offer.
Able is a leading freight forwarder and logistics provider headquartered in Dubai, with additional operating bases in the Middle East and other key hubs in the
The Cordes Group of Bremerhaven has acquired the Rettenmeier Group, a wood-working firm based in the Bavarian town of Wilburgstetten.
The competition authorities have already approved the transaction. The purchase price has not been disclosed.
A team from CMS Germany and Austria led by M&A lawyers Dr Jörg Lips and Dr Jochen Lux advised the seller on all legal aspects of the transaction. The vendor is a trust company under the direction of Dr Thorsten Bieg, a partner at the Hamburg office of law firm GÖRG and an expert on trustee matters. CMS has already acted for Dr Thorsten Bieg
The latest entrant to the AIM market has become the first company in the UK to float after securing investment from both crowdfunding and institutional investors.
The Mill Residential REIT – which has floated on AIM, the LSE’s international market for smaller companies – is Britain’s first mainstream residential REIT. The company, which invests in buy-to-let property, has a market capitalisation of GBP3.5million.
The SyndicateRoom platform, which is used by both angel investors and sophisticated private investors and has a minimum investment requirement of just GBP1,000, smashed its fundraising target of GBP2.1million in just three weeks.
The Mill
Funds advised by Change Capital Partners have sold their 100% interest in Munich-based Hallhuber Beteiligungs GmbH to Gerry Weber International AG.
The terms of the transaction, which is subject to anti-trust approval in Germany join Austria, have not been disclosed.
Change Capital acquired Hallhuber from Italian fashion company Stefanel in 2009 and during its ownership, transformed the company with a new management team to become the preferred womenswear brand for fashion conscious, modern women in Germany and across Europe, doubling its sales and tripling its profits.
Change Capital laid the foundations for Hallhuber’s success by creating a new
First Reserve has acquired Navigator Energy Services with an equity commitment of up to USD250 million.
Navigator's initial focus will be the continued development, construction and expansion of the Big Spring Gateway System (BSGS).
Construction of the BSGS project is expected to commence in the first quarter of 2015 to supply crude oil gathering and transportation services to the core of the Midland Basin in Texas. First Reserve believes this area has limited pipeline capacity and attractive well economics that should continue to support production through various commodity environments. In addition, Navigator has long-term, minimum volume commitment contracts with large
Livingstone’s Consumer sector team has advised the management team of luxury holiday firm Scott Dunn on the acquisition of a majority holding in the business by private equity investor Inflexion.
Founded in 1986 by Andrew Dunn, Scott Dunn is recognised as a premium brand within the sector. It was voted the number one specialist tour operator by the readers of Condé Nast Traveller in 2014. The company operates within the luxury travel market, which has grown by more than 12% over the last three years, as demand from affluent customers in the UK and overseas has increased.
Simon Russell, CEO
European private equity firm Cinven has completed the acquisition of Northgate Public Services (NPS), a provider of software, outsourcing and IT services to local government and public sector organisations.
Terms of the deal have not been disclosed.
NPS provides software and related services to UK public sector markets including Local Government, Government Agencies, Public Safety, Housing and Healthcare. Its software and services are used by over 400 UK local authorities, all UK police forces, social housing providers in the UK and internationally, and NHS hospitals. Its IT projects support the sharing of information for criminal intelligence and investigations across
Ariadne Capital, which invests in digital technology start-ups, has just closed a GBP500,000 funding round for Taggstar making it the 8th company in its portfolio and its 4th deal in 2014.
Taggstar is also backed by Sir Stuart Rose, Rob Hersov, and Nigel Taee.
Taggstar is designed to allos shoppers to benefit from social trends by seeing how many others are buying a particular product at the same time as they shop, highlighting when it's selling fast, giving them confidence to purchase.
Taggstar will continue its rapid expansion with retailers and travel sites. Over the past year, Taggstar has worked
Private equity firm Agilitas has acquired Financiere Ionisos SAS (Ionisos), one of Europe’s leading providers of cold sterilisation services, from Naxicap Partners, for an undisclosed consideration.
Ionisos is the leading provider of cold sterilisation services in France and Spain. It is the only company licensed in France to offer all three cold sterilisation technologies: gamma irradiation, beta irradiation and Ethylene Oxide. Its services are used by multinational and local companies for the sterilisation of single-use products. These include medical devices, pharmaceutical, food and pharma packaging and cosmetics products. The business has annual revenues exceeding EUR20 million.
Since 2007, AtriA
Private equity firm Levine Leichtman Capital Partners (LLCP) has completed a recapitalisation of Levine Leichtman Capital Partners IV portfolio company Global Franchise Group (GFG).
"We are pleased to have completed this divided recapitalisation for GFG, which provided working capital and paid a shareholder dividend," says Arthur Levine, president of Levine Leichtman Capital Partners.
Levine says: "This is the second time in the last two years GFG was able to recapitalize its balance sheet, demonstrating the company's superior financial performance, cash generating ability and strong base of franchise brands."
Recapitalization by private equity groups such as LLCP is a common practice.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
