Managers
Private equity firm Permira is to acquire 100% of the equity in Teraco in partnership with the company’s existing management team.
Established in 2008 upon deregulation of the South African telecoms market, Teraco is the largest provider of carrier neutral data-centre services in Sub-Saharan Africa. The company offers colocation and related services in highly secure and reliable data-centre environments. The company operates three high quality facilities serving more than 170 clients, including many blue chip companies, across five key client hubs – telecoms, outsourcing, content, enterprise and financial. Teraco’s data-centres are the most interconnected in Sub-Saharan Africa, with customers connecting
Jersey’s strengths as a centre for wealth management, company listings and fund servicing were showcased to over 500 stakeholders in key Asian markets last month, through Jersey Finance’s inaugural Asia Roadshow.
Between 17 and 26 November, Jersey Finance hosted a range of breakfast and lunch events in Hong Kong, Kuala Lumpur, Singapore and finally the United Arab Emirates, featuring a range of guest speakers who discussed trends in the private client, funds, and capital market spaces; including regulation, transparency, and how Jersey expertise and structures are increasingly being employed in an Asian context.
This inaugural Roadshow series builds on
Funds advised by CVC Capital Partners are to acquire a controlling stake in Sky Betting & Gaming (Sky Bet), from Sky Plc (Sky) in a transaction that values Sky Bet at GBP800 million.
The price represents a multiple of approximately 15x EBITDA for the 12 months ended 30 June 2014, reflecting Sky Bet’s record of strong growth and high cash generation.
Sky Bet was formed in 2001 and has grown rapidly to become one of the leading operators in the UK’s online betting and gaming market, through its strong partnership with Sky Sports and its exceptional track record of
THL Credit has formed a joint venture with Perspecta Trident, an affiliate of Perspecta Trust, to create THL Credit Logan JV.
The new joint venture is expected to invest primarily in senior secured first lien loans to middle market companies and other corporate debt investments, consistent with THL Credit's origination and underwriting strategy.
THL Credit and Perspecta have committed to initially provide USD120 million and USD30 million, respectively, of equity capital to Logan JV. In addition, Logan JV has agreed to terms with a third party to provide credit financing. Logan JV expects to begin funding the portfolio with new
Detroit-based private equity firm Rockbridge Growth Equity has partnered with the existing management team to acquire Robb Report, a guide to luxury lifestyle and services.
"Robb Report is an exciting consumer-based, well-branded company with an experienced and strong management team. We believe Rockbridge and its Family of Companies' operational expertise and infrastructure, particularly in the areas of marketing and technology, will help leverage the opportunity for Robb Report to grow at an accelerated pace," says Managing Partner of Rockbridge, Brian Hermelin. "It is always thrilling to provide the needed capital and support to a motivated and smart leadership team who
GE Capital’s Telecom, Media and Technology (TMT) financing business announced served as administrative agent on a USD310 million senior secured credit facility to support Vista Equity Partners’ acquisition of compliance and ethics software provider NAVEX Global.
GE Capital Markets served as co-lead arranger and co-bookrunner on the facility.
NAVEX offers policy and case management software, internal reporting solutions, automated third-party risk management, online training and advisory services to help remediate key workplace compliance risks.
“NAVEX is a perfect example of increasing investor interest in business-to-business software and software enabled service providers who offer applications through subscription models,” says
Solar simulation technology specialist Eternal Sun has closed a EUR2 Million (USD2.5 Million) Series A financing from Belgian investment firm Vermec.
The investment will be used to expand international sales and service operations.
Leading research institutions, solar module manufacturers and certification authorities rely on Eternal Sun’s solar simulation systems for testing the quality of solar modules and materials.
Chokri Mousaoui, Founder and CEO of Eternal Sun, says: “In an era of continuous improvement of solar modules, our solar simulation systems are in high demand with customers that aim to accurately test the performance and reliability of their solar
Constellation, a small-cap buyout specialist with a distinctive Buy-&-Build investment strategy focused on services companies in the DACH region, has closed Constellation IV at its hard cap of EUR120 million.
Besides commitments from returning investors which included the entrepreneurs that form part of Constellation’s Industry Partner network, Constellation was pleased to have received commitments from several high quality international investors from France, Germany, Switzerland, the US and Asia. They include fund-of-funds, family offices, universities, foundations, endowments and a state pension fund.
In line with Constellation’s predecessor fund, Constellation IV follows the same investment strategy and is focused exclusively on
Elm Creek Partners has acquired The Care Group of Texas (www.caregrp.com), one of the largest providers of in-home, paediatric respiratory therapy and enteral feeding services and supplies in the Houston, Texas market.
The Care Group is committed to providing outstanding services to all of its customers while simultaneously exploring opportunities for growth through geographic expansion and additional services. Elm Creek has additional committed equity capital to support the company’s future initiatives.
Commensurate with the transaction, Elm Creek retained Roy Spradlin as chief executive officer. Spradlin is the former CEO of Senior PsychCare and US Physical Therapy. He brings over thirty
Private equity firm DPI has acquired a strategic minority stake HomeChoice International (HomeChoice), a leading omni-channel home shopping retailer in southern Africa, from the the company’s majority shareholder.
Founded in 1985, by Rick Garratt, HomeChoice has operations in South Africa and five other countries, Botswana, Lesotho, Namibia, Swaziland and Zambia, with total EBITDA of R450 million as of December 2013 and a customer base of more than one million people. HomeChoice is a home shopping retailer selling homeware merchandise and financial services products to the rapidly expanding urban middle-income mass market in southern Africa.
Since 2009 HomeChoice has grown
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
