Managers
Merger and acquisition deal flow into Europe is set to grow towards the end of 2012 and into 2013 as overseas buyers, including those in Asia Pacific, North America and South America, target discounted European M&A opportunities, according to Clifford Chance.
Arndt Stengel, M&A partner in Frankfurt, says: "We expect to see a rise in European M&A activity driven by increasing investment opportunities in Europe. High quality assets are becoming available at competitive valuations as European sellers, including distressed sellers, are disposing of non-core assets. This is attracting larger international buyers with a strong cash position, looking for the right
Gresham, the UK mid market private equity firm, has completed the GBP25m management buyout of Investis, a UK provider of digital corporate communications for public companies.
At the same time, the investor relations business of Hemscott has been acquired by Investis from Morningstar.
Gresham intends to use its investment in Investis as a platform to accelerate the development of new digital products, to extend its reach to new customers in new geographies and to make acquisitions both in the UK and internationally. It will take advantage of Investis’ market leading position in digital corporate communications for listed companies including
Loss adjusting and claims management firm Cunningham Lindsey Group and a CVC Capital Partners-led investor group including Allied World Financial Services have agreed to a recapitalisation by which funds affiliated with CVC will acquire majority ownership of Cunningham Lindsey.
Founded more than 100 years ago, Cunningham Lindsey has grown organically and through acquisitions into the largest loss adjusting and claims management firm globally with a network of approximately 7,000 people operating in 61 countries.
In 2007, affiliates of Stone Point Capital acquired a majority interest in the company via a public-to-private transaction, with Fairfax Financial Holdings retaining a substantial ownership
Mexcian restaurant group Tortilla, which is backed by private equity firm Quilvest, has secured GBP2.25m in new bank financing from Santander Corporate Banking to fund expansion.
The new credit facilities will further enhance Quilvest’s original GBP3.5m investment in Tortilla in December 2011.
The financing comes as Tortilla secures three additional sites in London, Kent and Southampton and continues to pursue its expansion strategy. Including these three new openings, Tortilla will have 11 restaurants in the UK and is understood to be in discussions for several additional locations. The new London site at 460 Strand is adjacent to Trafalgar Square.
Quilvest
Middle market private equity firm The Sterling Group’s affiliated investment fund, Sterling Group Partners III, is to acquire all of the equity interests that comprise the Dexter Axle business from Tomkins Industries, a subsidiary of Pinafore Holdings.
The Dexter Axle business manufactures trailer axle, brake and suspension assemblies and related replacement parts and components.
The closing of the transaction is subject to customary conditions and is expected to occur in the last quarter of 2012.
AXA Private Equity has agreed to acquire a majority 70 per cent stake in Bruni Glass, a European provider of glass containers for spirits, food, pharmaceutical products and related accessories.
Alongside AXA Private Equity, the founding members and the management of Bruni Glass took part in the deal with a total stake of 30 per cent.
Bruni Glass, founded in 1974, has been a market leader in glass containers for wine, champagne, food and pharmaceutical products for over 35 years, with a particular expertise in speciality products, often developed to meet a customer’s specific requirements. The group is well known
Bayside Capital has completed the sale of portfolio company Environmental Filtration Technologies (EFT) to Nederman Holding.
Based in Charlotte, North Carolina, and with locations across North America, Germany, France and Australia, EFT is an industrial air filtration company. EFT offers air pollution control and air filtration equipment, including industrial dust collectors, baghouses, air and liquid filtration systems, filter bags and cartridges, as well as equipment and engineered systems for evaporation and distillation.
EFT markets its products under the globally-recognised MikroPul, Menardi, Filtex and Filter-Media, LCI and Pneumafil brands.
After investing in EFT, Bayside restructured the company’s balance sheet, narrowed its
Medical device company Mainstay Medical has completed an oversubscribed series B financing round for USD20m (EUR15.3m) led by Fountain Healthcare Partners.
Other new investors in the series B round include Medtronic, Capricorn Venture Partners and Seventure Partners. Existing series A investors Sofinnova Partners and Twin City Angels also participated.
This funding will advance the ongoing development of Mainstay Medical’s disruptive new medical device for the treatment of patients with chronic non-specific low back pain. As part of the financing, Mainstay Medical relocated its head office and executive leadership to Dublin, Ireland from Minneapolis, Minnesota US.
The World Health Organization reports
Private equity firm Riverstone has committed to invest up to USD200m in Kerogen Energy.
With offices in Houston, Texas, and Calgary, Alberta, Kerogen is focused on onshore unconventional oil and liquids exploration and production in the US and Canada.
Kerogen is led by chairman Alexander Kulpecz and president and chief executive Murray Grigg, both of whom have technical expertise and management track records specific to the exploration and development of hydrocarbons from shale oil reservoirs.
Since its formation in late 2010, the company has identified and completed the technical evaluations of proprietary liquids-rich shale plays in both the US and
RAMP has completed a series C financing led by New York-based StarVest Partners.
As part of the transaction, Deborah Farrington (pictured), co-founder and general partner at StarVest, will be joining RAMP’s board of directors.
StarVest is also joined by Hearst Interactive Media and EDBI as new investors in RAMP, along with participation from existing RAMP investors Fairhaven Capital, Accel Partners, General Catalyst Partners, and Comcast Ventures. This round brings the total capital raised to USD40m for the company.
To date, RAMP has built a leadership position in helping media companies create more value from their digital content assets, including digital
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