Managers
AXA Private Equity, a leading European diversified private equity firm, and international banking group Intesa Sanpaolo, have signed an agreement to acquire a majority 66% stake in Limacorporate SpA.
The existing management of Limacorporate SpA will reinvest in the remaining 34% capital.
Limacorporate SpA, founded by the Lualdi family in 1975, is a global leader in the design, production and distribution of orthopaedic devices. The Group has 600 employers and three production facilities in Italy. In 2011 it had revenues of 117 million euros, 66% of which was generated in markets outside of Italy.
The future strategic growth plan for
Private equity firm TA Associates has, with the support of the existing management team, completed a buyout of SpeedCast, a global network and satellite communications service provider, from Asia Satellite Telecommunications (AsiaSat).
SpeedCast provides very small aperture terminal (VSAT) satellite-based broadband access services, managed networking solutions and value-added services in more than 30 countries primarily in Asia, the Middle East and Africa. SpeedCast’s customers include telecom carriers, internet service providers, governments and non-governmental organisations, and other enterprises requiring communication services in locations where wire-based communication is not possible or practical, or where mobility is required.
Through its SeaCast offering, the
Kleinwort Benson Group (KBG), the wholly owned subsidiary of financial services group RHJ International (RHJI), has reached agreement with Deutsche Bank to acquire BHF-BANK, a German private bank.
The transaction is subject to regulatory approvals.
Under the transaction, KBG will acquire 100 per cent of BHF-BANK for an agreed consideration of EUR384m, which will be paid in cash and is subject to closing purchase price adjustments.
In addition to funds provided by RHJI, the associated capital increase in KBG is supported by Fosun Group, AQTON SE (the wholly owned strategic investment company of German entrepreneur Stefan Quandt), entities affiliated with
Novetta Solutions, a portfolio company of Arlington Capital Partners, has acquired International Biometric Group (IBG).
Novetta Solutions, a portfolio company of Arlington Capital Partners, has acquired International Biometric Group (IBG).
Novetta provides advanced, mission critical technology solutions to customers within the national security community and other organisations working with massive quantities of data.
Novetta was established in March 2012 through the merger of White Oak Technologies and FGM. In August, Novetta announced the addition of White Cliffs Consulting (WCC) to the company.
IBG provides identity intelligence services and solutions to both government and commercial clients. Within the biometric identity domain,
Funkwerk has sold its subsidiary Funkwerk Dabendorf to the novero Group with effect from 1 October 2012.
The subsidiary handles the key operations of the automotive communication division.
The purchase agreement was signed yesterday. The business premises belonging to Funkwerk Dabendorf in Dabendorf/Zossen and the company’s 100 per cent share in Funkwerk eurotelematik are not included in the sale.
A team from CMS Hasche Sigle led by lead partner Eckhart Braun advised Funkwerk on all legal aspects of the sales process.
The sale of the Zossen-based company is another strategic milestone for Funkwerk in its restructuring process. It also represents
Towry Group, a portfolio company of Palamon Capital Partners, has concluded a transaction with Macquarie Bank and Royal Bank of Scotland, to provide a GBP47.3m financing package.
The proceeds of the debt issuance, which comprised GBP42.5m of senior and junior loans provided by Macquarie and GBP4.8m of additional senior debt provided by RBS, one of Towry’s existing lenders, were used to replace a mezzanine debt facility.
Towry is a growing independently-owned wealth advice business in the UK with GBP4.6bn of assets under management. Since Palamon’s initial investment in 2003, revenue has grown more than 35 per cent per year.
iLevel Solutions, a provider of private equity software and reporting solutions, has formed a strategic partnership with Hamilton Lane, an independent financial institution that provides discretionary and non-discretionary private equity asset management services, to expand the existing iLevel platform to encompass the data needs of limited partners.
"The vision at iLevel has always been to provide the platform to the alternative asset market that integrates all information for general partners and limited partners to monitor investments, prepare and report valuations, and exchange information. Our expansion from covering the specific data needs of general partners to covering those of the limited
Capital Dynamics has closed an investment in Curves International, alongside lead investor North Castle Partners.
Curves is the largest health club franchisor in the world with over 1.5 million active members and 7,300 clubs located in 90 countries. Focused predominantly on fitness and women’s health, Curves features a business model built on a franchise system with geographic and product diversification.
The investment was a globally co-ordinated effort. Capital Dynamics’ London, New York and Silicon Valley offices, together with its Tokyo office, worked in close collaboration with US-based North Castle Partners to complete the transaction.
“We have a strong
A fund managed by Blackstone on behalf of its private equity investors, Blackstone Capital Partner VI, is to acquire acquire Vivint from its existing shareholders, including Goldman Sachs, Peterson Partners, Jupiter Partners and other minority shareholders for in excess of USD2bn.
Vivint is the largest home automation services company in North America and second largest residential security services provider.
As part of the transaction, Blackstone will acquire Vivint Solar and 2GIG Technologies from its respective shareholders. Vivint Solar is a provider of solar solutions that leverages the power purchase agreement (PPA) model to offer affordable solar power to residential
HIG Capital has completed the sale of DIAM International to French private equity firm LBO France.
HIG Capital has completed the sale of DIAM International to French private equity firm LBO France.
Based in Paris, France, DIAM is a designer and manufacturer of high quality luxury and retail point of purchase displays.
DIAM has more than 1,300 employees in 13 countries throughout Europe, Asia, Africa, North America and Australia. The company’s primary business segments include prestige retail displays, mass-market displays, non-cosmetic displays and installation services.
“HIG has been a tremendous partner to DIAM and has been instrumental in helping us
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