Actis, the pan-emerging markets private equity fund, has led a consortium in the USD434m, 100% management buy-out of Tracker, South Africa’s largest vehicle tracking company. The transaction, which was announced today, sees Remgro dispose of its interest in Tracker to Actis while FirstRand restructures its investment to include RMB. The Mineworkers Investment Company (‘MIC’) increases its stake in the business, thereby improving the BEE credentials of the business. "Everything we do at Tracker is underpinned by the principle that our work can make a real difference to quality of life in South Africa," says Tracker CEO, Alan Hutcheson. "Whether it is

The volume and value of deals completed during the first nine months of 2011 in the lower mid-market investment space has increased year on year for the past three years, according to research from Lyceum Capital and Cass Business School. Data from The UK Growth Buyout Dashboard – a quarterly analysis of UK-headquartered private equity control deals in the GBP10 million to GBP100 million segment – shows that 63 transactions completed between 1 January 2011 and 30 September 2011. This compares to 50 investments for the same period of 2010 and just 25 during the first nine months of 2009.

Carey Olsen has been involved in an acquisition deal to buy AIM-listed company Indian Energy Limited (IEL) by Infrastructure India plc. Indian Energy is currently one of the leading independent power producers in India and operates a wind farm in Karnataka and one in the state of Tamil Nadu. Infrastructure India, also AIM listed, provides investors with the opportunity to invest in Indian infrastructure assets across the country. Carey Olsen acted for IEL on the corporate and regulatory aspects of the sale by scheme of arrangement and was the sole Guernsey legal adviser on the transaction. The team from Carey

Private equity firm KPS Capital Partners has acquired substantially all of the assets of United Copper Industries, an affiliate of Organizacion IUSA, S.A. de C.V. (IUSA), through a newly formed company, UCI or United Copper. Financial terms of the transaction have not been disclosed. UCI is a leading manufacturer and distributor of building wire and cable used in the construction of industrial, residential and commercial buildings in North America.  United Copper manufactures all major types of 600-volt building wire and cable, including Thermoplastic High Heat Resistant Nylon ("THHN") wire, Thermoplastic Flexible Fixture Nylon ("TFFN") wire, Non-Metallic ("NM-B") cable, Underground Feeder

Albion Ventures has sold The Place Sandwich VCT Limited, the owner and operator of the 37-bedroom Bell Hotel in the medieval Cinque Port town of Sandwich, to Shepherd Neame Limited, Britain’s oldest brewer, for GBP3.6 million. Funds managed or advised by Albion Ventures backed the acquisition of the historic hotel in January 2005, since when a total of GBP3.1 million has been invested. Since acquisition, all the bedrooms and public areas have been subject to a substantial refurbishment, including the Regency Room and the Old Dining Room restaurant, with additional bedrooms created.  Since the renovation, the hotel has won an

Vision Capital has announced a partnership with Speyside Equity (Speyside), a Philadelphia-based private equity group, to acquire investments in its portfolio of two companies. The transaction remains subject to customary regulatory clearances. Vision Capital will acquire a majority stake in German-based United Initiators and a minority stake in US based Sweet Ovations from Speyside. United Initiators, which has an annual turnover of over EUR150 million, is a leading speciality chemical business focussed on the manufacture of organic peroxides and persulfates, with operations in Germany, the US, China and Australia. Sweet Ovations is a leading supplier of custom formulated food ingredients

Compass EMP Funds has closed a private equity offering to secure growth capital. The offering was fully subscribed and proceeds will be used to accelerate the nationwide marketing and distribution of the Compass EMP Mutual Funds to financial advisors and their broker-dealer platforms. "We are excited to partner with this collection of private investors who believe in our vision and wish to participate in our continued growth," says Rob Walker, president of Compass EMP Funds. "Financial advisors are seeking new strategies for their clients in these volatile markets.  By making our mutual funds available more broadly, we hope to be

Mid-market private equity firm Palamon Capital Partners is to sell portfolio company SAV Credit to Värde Partners in a transaction valued at GBP472 million. The transaction is subject to competition clearance.   Palamon has supported the development of SAV from its founding by entrepreneur Richard Langstaff in 2002 to being the UK’s leading non-standard credit card provider managing approximately 500,000 credit card accounts with more than GBP600 million in credit card assets. Palamon partnered in this deal with co-investors Morgan Stanley Alternative Investment Partners and Electra Private Equity who provided additional equity support over several funding rounds.   Since its start-up, SAV established proprietary

Ranieri Real Estate Partners LP (RREP), a real estate financial services company, and private equity funds affiliated with WL Ross & Co LLC (WL Ross) have entered into a definitive agreement to acquire Deutsche Bank Berkshire Mortgage (the company or DBBM), a subsidiary of Deutsche Bank, the firms announced today. Terms of the agreement have not been disclosed. DBBM originates multi-family loans for Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA). It is the second largest originator of Fannie Mae loans and services a $28 billion multi-family loan portfolio. The company was founded in 1988 and became a