Managers
Mid-market private equity firm Equistone Partners Europe has completed the sale of managed print services provider Apogee to HP Inc in a deal that values the company at GBP380 milllion.
Maidstone-headquartered Apogee employs over 1,000 staff and operates from 25 office locations across the UK and Europe. It has grown turnover to over GBP250m this year, becoming one of Europe’s largest independent providers of managed print services.
The business provides organisations including SMEs, corporates and the public sector with printing, scanning and workflow solutions from global brands including HP, Ricoh, Canon, Xerox and Konica Minolta.
Equistone took a
London-based investment fund, Fuel Ventures, has made a GBP275,000 investment in an online employee referral platform.
Real Links uses its web-based portal to help organisations lower recruitment costs by utilising their employee network, while improving employee engagement and staff retention.
An online platform aimed at helping businesses improve employee referrals and reduce hiring costs has secured GBP275,000 from London-based investment fund, Fuel Ventures.
Real Links works with organisations to improve hiring through their employee network and is the second company to receive investment from Fuel Ventures since raising GBP20 million in its third round.
Founded by business
A fund managed by Horizon Capital is to acquire a minority stake in Ukrainian biscuit producer Yarych.
Yarych is the second largest packaged biscuits producer in Ukraine, holding a 33 per cent share of the packaged biscuits market with its branded Maria, petit beurre and The Crackers biscuits. Yarych was established in 2008, upon acquisition of the factory from Nestle by the Company’s founder, with the Yarych brand launched in 2010.
Yarych is among only a few IFS certified confectionary producers in Ukraine with regulatory approvals in place to enable exports to the European Union.
During the past
ProVen VCT plc and ProVen Growth and Income VCT plc, managed by Beringea, are to launch a combined Offer for Subscription to raise up to a total of GBP60 million with an over-allotment facility of up to a further GBP20 million. The target launch date for the Offer is December this year.
The GBP80 million total would represent a record VCT fundraise for Beringea, a transatlantic venture capital investor that manages over USD700 million in funds in the UK and the US and over 60 portfolio companies across North America and Europe. This would also rank among the UK’s largest
Following receipt of regulatory approval from the Commission de Surveillance du Secteur Financier (CSSF), Centaur has completed its purchase of Luxembourg Capital Partners SA and is now open for business in the Grand Duchy.
Centaur’s Luxembourg office will focus on servicing private equity and real estate funds and related corporate entities.
Centaur recently acquired Luxembourg Capital Partners, an existing administration firm, which provides a full suite of fund administration services to funds, family office and corporate vehicles. This acquisition brought Gerry Salucci and a team of experienced industry professionals to Centaur to spearhead the establishment and growth of Centaur
BNP Paribas Capital Partners (BNPP CP), BNP Paribas Asset Management’s specialist in external alternative manager selection, has launched an investment programme to provide institutional investors with exposure to the European discounted private debt market.
Fundraising is ongoing, with the final target of EUR250 million expected to be reached in 2019.
The investment programme is structured as a closed-ended fund of debt funds, with a lifespan of seven years and an average duration of about two and a half years. It aims to offer investors a net internal rate of return (IRR) of around 9-12 per cent.
Capital will
Antares and Varagon served as joint lead arrangers for a USD138 million senior secured credit facility to support the acquisition of ImageFirst Healthcare Laundry Specialists (ImageFirst) by Calera Capital Partners.
Founded in 1967 and headquartered in King of Prussia, PA, ImageFirst is a leading linen rental and laundry service company specialising in the healthcare market throughout the US.
“The Antares team committed to a large hold position and delivered the financing we required with speed and certainty,” says Ethan Thurow, a managing director with Calera Capital. “We look forward to continuing to work together to support ImageFirst’s growth both
McLarens, a global independent insurance services provider has secured an equity investment from Lee Equity Partners.
The transaction is expected to close no later than January 2019, subject to customary closing conditions. Financial terms of the transaction have not been disclosed.
McLarens employees will maintain a substantial ownership interest and the Company will continue to operate independently, focused on complex commercial insurance services and niche industry verticals.
“We are excited to begin our partnership with Lee Equity Partners,” says Gary Brown, McLarens’ Chief Executive Officer. “We selected Lee Equity as our investment partner due to a shared
MicroVest, a global impact investing asset management firm, has closed a USD20 million, five-year revolving credit facility with MetLife Investment Management to provide a redemption line to their flagship impact investment fund.
The credit facility will serve as a secondary source of liquidity for Limited Partners. The partnership will enable both organisations to increase their commitment to deep impact through financial inclusion. This investment represents MetLife Investment Management’s largest community investment to date.
The credit line enables MicroVest to better manage liquidity of the fund to deploy more capital, more quickly, to the places that need it the most. Per
Nexxus is to invest in Grupo Turistore, a retail company focussed on international tourism with more than 30 years of experience in the industry.
Grupo Turistore has 56 stores in Mexico’s main beach destinations and a broad product offering, with its main selling categories being handicrafts, clothing, pharmacy, liquor, and groceries.
The investment will be made through Nexxus VI once certain closing conditions are met, including the approval from Mexico’s Antitrust Authority, which we estimate to be granted by the end of November 2018.
Alta Growth Capital, a Mexican private equity fund with more than 10 years of
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