Managers
Private equity house Key Capital Partners (KCP) has exited its investment in Nurse Plus to a secondary MBO funded by Sovereign Capital (Sovereign) and led by Nurse Plus CEO Heath Blake and MD Pamela Bruce.
The transaction gives KCP an attractive return on its original investment and represents the firm's third successful exit in 2014 following on from its sales of TSC Foods and Neville Johnson earlier in the year.
Established in 2005, Nurse Plus is a healthcare services provider, specialising in domiciliary care services and providing flexible staffing solutions for care homes and hospitals.
Under KCP ownership
One of the inherent risks to investing in hedge funds is the inherent volatility of performance. A top fund today might be the worst tomorrow. In Preqin’s latest November Hedge Fund Spotlight report, which looks at this year’s top 100 performing hedge funds, only three funds feature on the list from 2013.
To qualify, only those funds with USD100m or more in AuM were considered. The sample period was October 2013 through September 2014.
What is clear from the list is that the top performing funds over the past 12 months are more volatile. Whereas year-on-year only three funds made
KKR has sold its remaining stake in Alliance Boots to Walgreens Boots Alliance following the exercise by Walgreens of the call option to acquire the remaining 55% of Alliance Boots as the second step of the overall transaction.
In August 2012, Walgreens acquired 45% of Alliance Boots in the first step of the overall transaction.
Dominic Murphy, Member, Head of KKR operations in the United Kingdom says: “The investment in Alliance Boots adds to our track record of partnering with European entrepreneurs to build global companies and industry leaders. Since Alliance Boots was taken private in 2007, a strong investment
Private equity investment firm Pamplona Capital Management is to acquire Charter NEX Films, subject to customary conditions, including expiration of the waiting period under the Hart-Scott-Rodino Act.
The transaction is expected to be completed during the first quarter of 2015.
Charter NEX Films is a leading independent producer of high performance polyethylene films. It holds a leading position within flexible food and consumer product packaging, and strong, growing positions in medical, pharmaceutical and industrial surface protection segments. The Company is benefiting from very strong growth in its key product categories, such as stand-up pouches, and is a valued partner for
Dynavax Technologies Corporation has entered into a credit facility with Hercules Technology Growth Capital for up to USD40 million of total funding.
Dynavax drew the first tranche of USD10 million on closing and has access to an additional USD30 million in 2015, at Dynavax's option, if it achieves certain milestones relating to the ongoing Phase 3 study of HEPLISAV-B (HBV-23).
"This credit facility provides us access to up to USD40 million of non-dilutive funding that can be used to support development and pre-commercialization activities for HEPLISAV-B, clinical trials of our cancer immunotherapeutic product candidate, SD-101, and advancement of our research
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
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12 November, 2026 – 8:00 am
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