Managers
Private investment firm Centerbridge Partners, is to acquire IPC Systems from Silver Lake Partners for approximately USD1.2 billion in total deal value.
From its unified communications and software platform to its leading voice and data extranet and award-winning trading positions, IPC offers services and solutions focused on improving the speed, productivity, collaboration, and efficiency of the entire trade lifecycle. The partnership with Centerbridge further enables the Company to deliver these valued services to its customers and to capitalise on its growth opportunities. IPC continues to accelerate its market leading position, fuelled by the increased adoption of its integrated trading communications
Funds affiliated with Apollo Global Management are to acquire Presidio Holdings (Presidio) from affiliates of American Securities. Terms of the transaction have not been disclosed.
Presidio is a premier IT infrastructure solutions provider for approximately 6,000 clients across the United States. Aided by the expertise of its nearly 1,200 engineers, Presidio assists clients in designing, procuring, implementing and managing IT infrastructures that deliver tangible business value. Presidio provides services across six core technology verticals, including networking, data centres, mobility, security, collaboration, and contact centers and supports these solutions with market leading offerings such as Presidio Managed Networks and Presidio Managed
Workers will not only be worse off when their firm is taken over by private equity through an institutional buyout (IBO), but their company’s performance will fall behind its rivals.
New research has discovered that IBOs – defined as a highly leveraged transaction where one or more institutional investors act together to initiate a buyout deal – result in staff losses and a decrease in overall productivity.
Geoffrey Wood, Professor of International Business at Warwick Business School, says: “Our findings suggest IBOs and their impact on managerial practices do not appear to be an effective mechanism for turning round
Arthurian Life Sciences, the fund management company led byProfessor Sir Chris Evans, has formed a partnership with US medtech firm Interrad Medical Inc.
The Minneapolis-based company is the developer and manufacturer of the unique SecurAcath®, the world’s most effective device for securing catheters in hospital patients.
The partnership is the sixth investment of The Wales Life Sciences Investment Fund, managed by Arthurian which was specifically formed to act as General Partner of the fund.
The fund has made a GBP3 million investment in Interrad Medical Inc, acting as cornerstone investor in a financing through which the company will
Confluence, a specialist in investment data management automation, has acquired Belgium-based data solutions provider Orfival.
The acquisition will allow Confluence to leverage Orfival’s product expertise and networks to provide an even more comprehensive Fund Analytics offering to the global asset management industry. Orfival was founded in 1999 and has built up its network amongst European asset managers, insurance companies and pension schemes by offering solutions for portfolio management and analytics, performance measurement and attribution, risk and investment compliance reporting services.
In the U.S., where Confluence is the market leader in mutual fund performance calculation, Confluence clients will now have
European private equity firm Cinven has agreed the sale of all 245 ASK Italian and Zizzi restaurants to Bridgepoint for a consideration of GBP250 million.
This transaction represents Cinven’s complete exit from its investment in the Gondola Group (‘Gondola’ or ‘the Group’), the market leader in the UK casual dining sector, following the sale of the PizzaExpress and Byron restaurant brands separately for a combined consideration of approximately GBP1 billion. This sale brings the total sale proceeds to approximately GBP1.3 billion, generating a money multiple of 2.4 times.
In the UK, Zizzi and ASK operate 136 and 109 restaurants,
Maven Capital Partners (Maven) has racieved a 3.8x multiple return on its investment in control systems specialist EFC Group, via a secondary buyout to a consortium of private investor.
The exit from EFC represents the latest profitable disposal by Maven’s Aberdeen-based team. In recent years the team has overseen the sale of a number of high-growth energy services support businesses, including Nessco and Walker Technical for returns of 2.7x and 2.9x respectively.
Aberdeen-based EFC is a niche market leader providing monitoring systems and instrumentation to the oil and gas sector. Its specialist designed and engineered solutions are now used
Africa-focused private equity firm DPI, along with other investors, is to sell Assur Africa Holding (AAH) to the AXA Group “AXA) for a total consideration of approximately EUR198 million.
AAH holds a 77% stake in Nigerian insurance company Mansard Insurance (Mansard). AfricInvest, DEG, FMO and PROPARCO were invested alongside the fund, which was the largest shareholder in AAH. The transaction is expected to close before the end of 2014.
Mansard offers a diverse range of life and non-life products to both institutional and retail clients. Mansard is listed on the Nigerian Stock Exchange and is the largest listed insurer by
A new foster placement scheme has been launched in Birmingham, supported by a Social Impact Bond (SIB).
Following a competitive tender process, Birmingham City Council selected Outcomes for Children, a social enterprise within Core Assets Group, to deliver the service, with funding from Bridges Ventures’ Social Sector Funds.
Nationally, too many young people grow up in residential care institutions, where their long-term life outcomes are typically worse than those who grow up in a family. Outcomes for Children has been commissioned to find stable family foster placements for around 60 young people currently in residential care in the Birmingham
Amit Srivastava has joined Cycle Capital Management (Cycle Capital) as Senior Partner
With more than 20 years of experience in venture capital, Srivastava brings to Cycle Capital team a very rich experience in international business development. Until recently, Srivastava served as Managing Partner and CEO of Entrepia Ventures. Prior to joining Entrepia in 2001, he worked for seven years at JP Morgan Chase, including four years at JP Morgan Partners (formerly Chase Capital Partners), where his responsibilities included leading venture capital investments in the electronics sector, oversight of private equity investments in India, and serving as the Portfolio Manager of
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
