Managers
DVN (Holdings) Limited’s wholly owned subsidiary, Frontier Services Limited, is to acquire Phoenix Aviation, a company incorporated in Kenya, for a total consideration of USD14m .
This landmark transaction for DVN was the subject of a formal Stock Exchange of Hong Kong announcement yesterday. Through the transaction, Phoenix will become a subsidiary of DVN.
The acquisition of Phoenix and its aviation assets accelerates DVN's objective to become the premier pan-African secure logistics and transportation provider to multinational and local corporations active in exploration and mineral resources operations, as well as to governmental and non-governmental organisations.
Phoenix has operated
Funds advised by Triton are to acquire the auxiliary components business of Alstom’s Thermal Power division for an enterprise value of around EUR730m.
The transaction was approved by the board of directors of Alstom on 31 March. The transaction is expected to close before the end of first half of fiscal year 2014/15.
The auxiliary components business is part of the steam segment within Alstom’s Thermal Power division and is active both in the new equipment market and aftermarket services across three product lines: air preheaters and gas-gas heaters for thermal power plants, heat transfer solutions for a variety
Accel-KKR has completed fundraising for Accel-KKR Structured Capital Partners II with USD325m in committed capital, exceeding its target.
The new fund continues the predecessor fund's focus on making minority equity investments in growing technology companies via senior equity and other structured securities.
Accel-KKR raised its first Structured Capital Fund, with USD180m in capital commitments, in 2011.
The firm is also investing out of its fourth buyout fund, Accel-KKR Capital Partners IV, a fund with over USD800m in capital commitments that was raised in 2012.
Accel-KKR, founded in 2000, invests in middle market software and technology enabled service
New York-based private equity firm GenNx360 Capital Partners has invested in Novel Ingredient Services, a specialty nutraceutical ingredient services supplier, in partnership with management.
Headquartered in West Caldwell, New Jersey, Novel was founded in 1995 and serves more than 400 customers in multiple product segments including sports nutrition, herbs and botanicals, meal replacement, and specialty supplements.
The transaction represents the second investment for GenNx360 Capital Partners' Fund II. Terms of the transaction were not disclosed.
Novel has experienced significant growth and has identified the opportunity to expand its services and capabilities to both its existing markets and complementary
Levine Leichtman Capital Partners (LLCP) has partnered with management to complete the acquisition of Nobles Worldwide.
Based in St Croix Falls, Wisconsin, and founded in 1948, Nobles is a provider of flex chutes that are used in a variety of air, naval and ground military applications.
Nobles is the largest supplier in its industry to the US military and its allies across the globe. The company's products are used on over 40 military platforms.
The investment in Nobles will be the second investment out of Levine Leichtman Capital Partners Private Capital Solutions.
Lauren Leichtman, co-founder and CEO
Stratus Technologies is to be acquired by an affiliate of Siris Capital Group in a transaction valued at approximately USD352m.
"This is the right deal at the right time for Stratus," says Dave Laurello, president and CEO, Stratus Technologies. "It is a clear endorsement of our strategy, our products and our people. Together we will continue to transform Stratus and take our industry-leading technology and solutions to a broader market, including the cloud."
"We are impressed by Stratus' 30 year track record of providing always-on capabilities for customers' most mission critical applications and are excited by the company's strategy
KKR is supporting the development of European Locomotive Leasing (ELL) a provider of full-service locomotive leasing solutions to freight and passenger operators throughout continental Europe.
ELL is led by a team of rail professionals based in Austria and Germany.
The company has signed a framework contract for the order of as many as 50 state-of-the-art Siemens Vectron locomotives. The first locomotives are bindingly ordered today and will be delivered immediately. The additional locomotives will be delivered from 2014 through 2016 and will allow ELL to satisfy the demand from its expanding customer base.
The locomotive leasing sector in
Koji Drinks, a sparkling soft drinks brand, has completed a follow-on funding round of GBP150,000 from the Angel CoFund.
Future Drinks Company, the makers of Koji, who were one of the first companies to receive funding from the government-backed fund back in May 2012, launched Koji Drinks to the grocery trade this month.
This brings the total funding to date to GBP500,000, following a GBP350,000 first round by the Angel CoFund, Wren Capital and Arion One.
The Bristol-based company has developed an innovative production process, unique to Koji, which infuses a complex extract of natural fruits and
Zoyi Capital has completed its USD20m investment in Camelot Information Systems, a provider of enterprise application services and financial industry information technology services in China.
This follows the announcement by Camelot in September last year that it had entered into a merger agreement for a going private transaction.
Camelot is the largest domestic provider of SAP-based enterprise resource planning services in China and also ranks first in several types of solutions, including teller systems and IT testing, to the financial IT services market. The company has developed a large talent pool of SAP-based ERP consultants, and has long term
Venture capital fund manager Mercia Fund Management (MFM) has added an online logistics platform Dealer Management Portal (DMPortal) to its portfolio of technology investments.
Officially launched in March 2014, the software-as-a-service (SaaS) platform is aiming to revolutionise traditional vehicle auction and transportation by providing an online solution for car dealerships.
The company will join MFM’s expanding digital portfolio, and the SEIS funding will support the official launch of DMPortal.
DMPortal’s centralised vehicle planner enables large car groups with their own fleets to efficiently manage vehicle movements. Whilst vehicle distribution commonly runs at a loss, the DMPortal system facilitates
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