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GCA Altium, the European arm of global investment bank GCA, has seen significant appetite for cross-border deals since the UK went into lockdown on 23 March, challenging uncertainty surrounding global M&A markets during the Covid-19 pandemic.Globally, the business has signed 41 deals, more than half (21) of which have been led by the European team. Just under 50 per cent of these deals had a cross-border element and 10 of the transactions involved private equity, despite market predictions that this type of activity would be put on hold.
The majority of activity has been centred around the technology and
- 25/06/2020
IW Capital has completed a GBP10 million investment round for Transcend Packaging, a specialist in sustainable packaging which is targeting the replacement of single-use plastics by making in demand paper and fibre-based alternatives. Transcend utilises state of the art digital printing and specialty coating technology allowing paper straws, cups, and food containers to fully replace their plastic counterparts. Since its founding, the company has seen significant growth and partnerships with leading consumer brands such as McDonald’s, KFC and Starbucks.
This lower mid-market investment from private equity firm IW Capital will be used to accelerate the Company’s expansion plan into new product categories
- 25/06/2020
The African Private Equity and Venture Capital Association (AVCA), the pan-African industry association which promotes and enables private investment in Africa, has released its inaugural report on VC, entitled Venture Capital in Africa: Mapping Africa’s Start-up Investment Landscape.The report analyses the exponential growth of VC in Africa over the 2014-2019 period, focusing on deal trends. Despite the relative infancy of the VC ecosystem across the continent, the sector has attracted significant international investment while local VC firms and innovation hubs have also expanded considerably.
Between 2014 and 2019, 613 VC deals were reported in Africa with a total value
- 25/06/2020
MSQ Partners, an international marketing communications group, is to buy the Be Heard Partnership (LSE: BHRD) and three of its agencies (MMT Digital, Freemavens and Agenda21), subject to shareholder approval. Be Heard has agreed to sell its creative agency, The Corner, back to its management team ahead of the transaction concluding, again subject to shareholder approval.The deal values Be Heard’s equity at around GBP6.2 million and would create a combined group with over 750 staff in the UK, Asia and the USA and be led by MSQ’s CEO Peter Reid. MSQ is backed by LDC, the established UK private equity
- 25/06/2020
- 25/06/2020
eQ Asset Management has on 22 June 2020 closed eQ PE XII North at EUR190 million. Fund raising was launched in January 2020. As eQ’s previous Northern European focused fund raised EUR175 million in 2018, the new fund is eQ’s biggest North Europe fund so far. In addition, eQ has started investing four private equity separate accounts during the first half of 2020.
eQ PE XII North makes commitments to funds investing in unlisted, lower midmarket growth companies operating in Northern Europe. Further, the fund will commit 2/3 of its commitments to new primary funds and 1/3 of its commitments to
- 25/06/2020
- 25/06/2020
Grant Thornton has named Carlos Ferreira as its national managing partner for Private Equity, effective 1 August, 2020. He succeeds Doug Gawrych, who will retire at the end of this fiscal year in accordance with Grant Thornton’s mandatory retirement policy.
In his new role, Ferreira will lead the strategic direction for a range of private equity services designed to generate value across the investment life cycle, including areas such as growth, transformation, operations, resilience, compliance and diligence.
Additionally, he will serve on Grant Thornton’s National Leadership Team, and he will retain his role as the global co-leader for Transaction Advisory Services
- 25/06/2020
UK-based legal technology provider Apperio – a specialist in automated legal spend tracking, management and analysis – is expanding its sales operation in the United States.
Apperio’s sales team is actively pursuing in-house corporate legal department business in America, coast-to-coast. The company is initially targeting legal departments of both corporate enterprises with USD5 million or greater legal spend and private equity (PE) investment firms.
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Apperio’s early US sales efforts have already brought success. Corporate legal departments of prominent PE firms on both coasts have recently purchased Apperio and are in various
- 25/06/2020
Italian investment banking and asset management group Mediobanca is launching a new private markets fund aimed at Italian private clients, aiming to offer a diversified strategy that will seek to exploit opportunities arising from the economic and financial dislocations caused by Covid-19.
The new Mediobanca Private Markets Fund III vehicle, the third fund from the investment programme developed by Mediobanca Private Banking in collaboration with Russell Investments, marks an expansion of the Milan-headquartered banking group’s alternative investments offering for private clients in Italy.
Having previously raised over USD250 million with the first two funds, the new strategy – which will
- 25/06/2020
Allocator, an investment data and technology company, has secured a significant amount of growth capital from the leading provider of independent investment research, Morningstar, in exchange for a minority stake in the company.As part of the transaction, Brett Kaluza, Vice President of Customer Success at PitchBook has been appointed to Allocator’s Board of Directors. PitchBook is a wholly owned subsidiary of Morningstar and premier data provider for the private and public equity markets.
Allocator was founded by former investors in alternative funds, who recognised the need for comprehensive fund data as well as data management tools to improve the
- 24/06/2020
- 24/06/2020
Muzinich & Co has provided a new unitranche financing package to support Direct Healthcare Group (DHG), a portfolio company of ArchiMed – a pan-European investment firm specialising in the healthcare industry. Archimed acquired DHG in December 2019.DHG is a fully integrated developer and manufacturer of a range of innovative pressure care products designed to prevent medical issues such as pressure sores, which can lead to serious diseases. Founded in 2009, the business works with care providers in over 20 countries throughout Europe and internationally.
In May 2020, DHG acquired the Patient Handling Europe division of Swedish-listed group Handicare Group AB
- 24/06/2020
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