Managers
Orliman, owned by The Riverside Company, has acquired the French orthopedic company Soft Medical Europe (SM Europe).
SM Europe designs and distributes non-invasive braces and supports in France. The company’s broad portfolio of 120 high quality and value-oriented products are sold under its own brands Ortheis, KidOrtho and FeetPad, and the Ezy Wrap brand, under an exclusive distribution agreement with a US manufacturer. SM Europe principally sells through pharmacies, but also offers products in orthopedic shops and medical facilities.
SM Europe will be incorporated into Orliman, Riverside’s existing orthopedic company, headquartered in Valencia, Spain. The two companies complement each other
PetSmart is to be acquired by a consortium led by BC Partners, Inc at a price of USD83.00 per share in cash, representing a premium of approximately 39% over PetSmart’s unaffected closing share price on 2 July, 2014.
The consortium includes Funds advised by BC Partners (BC Funds), alongside several of its limited partners, including La Caisse de dépôt et placement du Québec (La Caisse) and StepStone. Longview Asset Management, which owns or manages approximately 9% of PetSmart’s outstanding shares has committed to vote in favour of the transaction. Longview will participate in the consortium only with respect to approximately
Kuwait Pipe Industries and Oil Services Company (Kuwait Pipes) has signed a settlement term sheet for the commercial debt of around KWD130mn with its participating commercial lenders to bring a comprehensive and permanent solution to the Company’s capital structure.
The settlement term sheet was signed by Abdulkareem Abdullah Al-Mutawa, Board Member and Head of Re-Structuring Committee of Kuwait Pipes, and representatives from five of the Commercial lenders. The signing took place at Global Tower and was attended by Mrs. Maha Al-Ghunaim, Vice Chairman & Group CEO of Global Investment House (Global), the financial advisor to Kuwait Pipes, and representatives from
German Equity Partners IV (GEP IV), a fund managed by the German private equity firm ECM Equity Capital Management (ECM), has acquired 100% of the equity of travel operator Leitner.
The shares, previously wholly owned by the Blankenburg family, have been transferred to GEP IV with effect from 8 December. The purchase price and further details of the transaction were not disclosed. After more than 20 years of steady growth the previous shareholders – together with the company’s new shareholder and its current management – intend to capitalise on Leitner’s strong market position and scalable business model to capitalize on
Circle Squared Alternative Investments (CSQ) has partnered with USD1.5bn money management and investment consulting firm Strategic Capital Alternatives (SCA).
SCA provides customised investment portfolio models and operational platforms to independent registered investment advisors (RIAs).
The partnership is aiming to empower advisors who work with SCA to capitalise on an investment model long employed by institutional investors – the outsourcing of highly specialised CIO-level analysis – but just now becoming available to independent financial advisors.
“Our OCIO model is a direct response to advisors’ recognising their efforts are much better spent on gathering assets than managing them, something institutions figured out
Global assets under management* of the private real estate industry have reached USD742bn, an all-time high for the industry, and up from USD697bn as of the end of 2013. Preqin’s Andrew Moylan takes a look at the latest stats on the industry.
Preqin’s latest research shows the private equity real estate industry continued to grow in 2014. The aggregate assets under management (AUM) of closed-end private real estate funds stands at USD742bn as of June 2014, an increase of USD45bn since December 2013. Total AUM has increased by 63% since December 2010, with a large proportion of this growth accounted
French private equity firm Idinvest Partners is now managing assets on behalf of French and international investors of in excess of EUR5 billion.
The firm has backed 3,500 companies since its launch in 1997 and spin-off from the Allianz Group in 2010.
Since Idinvest Partners became independent 4 years ago, the firm’s AUM have doubled from EUR2.5 billion to EUR5 billion. To support this growth, the team has also doubled in size, expanding from 25 to 48 people.
The pace of fundraising accelerated over the course of 2014, as the firm raised over EUR1 billion across various strategies including private
DigitalOcean has secured a USD50 million credit facility from funds managed by global investment firm Fortress Investment Group LLC.
This announcement comes on the heels of Netcraft’s report detailing DigitalOcean’s meteoric rise to the third largest hosting company in the world.
"This financing illustrates Fortress’s continuing interest in the data centre and cloud services industries. In our view, DigitalOcean is well positioned to succeed in the expanding cloud infrastructure sector," says Aaron Blanchette, Managing Director at Fortress Investment Group LLC. "We look forward to playing a part in DigitalOcean's organic expansion as they bring their cloud offerings to more international
Growthgate Capital’s portfolio company Gama Aviation has proposed a GBP82 million (USD127 million) reverse takeover with Hangar 8, an international operator listed on the London Stock Exchange’s Alternative Investment Market (AIM).
Subject to completion in early January 2015, the new business, Gama Aviation Plc (AIM: GMAA) will be listed with an anticipated market capitalization of GBP130million (USD200 million).
Growthgate Capital will receive shares in the public entity, with both the CEO and Chairman of Gama Aviation retaining their positions. This transaction results in Growthgate Capital receiving shares in the combined listed entity and realizing superior returns over invested capital.
The Standard Life European Private Equity Trust’s (SLEPET) net asset value per ordinary share (NAV) rose by 5.8% to 257.4p during the year ended 30 September 2014. The NAV total return to shareholders was 7.7%.
The Company’s portfolio, including net realised gains and income, generated a return of 9.7% during the year. This was after taking account of unrealised foreign exchange losses of 6.3%.
The closing mid-market price of the Company’s ordinary shares on 30 September 2014 was 230.0p, a rise of 16.2% over the year and a discount of 10.6% to NAV.
Recommended final dividend of 5.0p
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