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Ropes & Gray has advised WellSky Corporation – a portfolio company of TPG Capital and Leonard Green & Partners – on the sale of WellSky International to System C Healthcare, a provider of information technology implementation software and services to the health sector – and portfolio company of CVC Capital Partners.
The Riverside Company, a global private investor focused on the smaller end of the middle market, has invested in MDoutlook, a provider of precision intelligence solutions that help life sciences companies develop and commercialise therapeutics and diagnostics in oncology.
This is an add-on to Riverside’s Clinical Education Alliance, LLC (CEA) platform, a leading healthcare professional education and business intelligence platform.
MDoutlook leverages its active and validated network of more than 140,000 global cancer clinicians, including 14,000 identified thought leaders, to power its data and analytics platform and related products. The company’s flagship database product, Lumineer, is an AI/ML-assisted proprietary software
Qatar Holding, an affiliate of the Qatar Investment Authority (QIA), is to invest USD200 million in Airtel Mobile Commerce BV (AMC BV), a subsidiary of Airtel Africa.
AMC BV is the holding company for several of Airtel Africa’s mobile money operations; and ultimately is intended to own and operate the mobile money businesses across all of Airtel Africa’s fourteen operating countries.
The transaction values Airtel Africa’s mobile money business at USD2.65 billion on a cash and debt free basis. QIA will hold a minority stake in AMC BV upon completion of the Transaction (alongside other minority investors), with Airtel Africa
O’Melveny has advised Spectro Cloud, a next-generation Kubernetes enterprise management platform, in in the completion of a USD20 million Series A funding. The financing round was led by Stripes, a prominent investor in software and consumer products.
Among investors funding the Series A raise were T-Mobile Ventures and Alter Venture Partners, as well as a number of backers from Spectro Cloud’s recent seed funding round. The company plans to use the proceeds to expand sales efforts nationally and internationally.
Spectro Cloud’s fully integrated next-generation platform allows users to manage multiple diverse clusters of Kubernetes environments in any data centre
Ares SSG has held the final close of its third Secured Lending Opportunities Fund III (SLO III), with capital commitments of more than USD1.6 billion, which Ares believes makes it the largest pan-Asian secured lending fund to date.
The close of SLO III marks the establishment of Ares SSG’s eighth fund and has attracted a top-tier, diverse set of international institutional investors, including sovereign wealth funds, pension funds and insurance companies. The final fund size represents an approximately 100 per cent increase compared to the predecessor fund, Secured Lending Opportunities Fund II, which closed in 2017 at just over USD800
Manchester-based corporate finance firm Rickitt Mitchell is growing its team in response to its strong pipeline of work and planned growth as it welcomes two new hires, Joe Powell and James Kidner.
ACA chartered accountant Powell joins the firm as Associate Director from BDO where he spent almost a decade, five years of which were in the corporate finance M&A team. Having advised management teams across various stages of a business’ life cycle, Powell has a proven track record in sell-side, buy-side and debt advisory services for numerous sectors, including manufacturing, healthcare, logistics and leisure & hospitality.
In addition,
Spanish private equity firm Portobello Capital has acquired a 100 per cent stake in Farmol, a leading contract manufacturer of aerosol and liquid branded products for Personal Care, Home Care, and Health Care in Europe.
Founded in 1946 and based in Comun Nuovo (Italy), Farmol is one of the leading European players in aerosol formulation and filling. The company employs c.700 people and operates across six manufacturing facilities located in Italy, Hungary, Slovakia, and Tunisia, with approximately 500 million units of annual manufacturing capacity. Thanks to a solid track record in the past few years, Farmol has managed to grow
Clifford Chance has advised international private equity firm Cinven on the agreement reached with Restaurant Brands Iberia’s (RB Iberia), current shareholders (the founding families and Burger King Europe GmbH) on its acquisition of a majority stake in RB Iberia’s share capital.
Valued at more than EUR1 billion, the investment represents the largest transaction in the Spanish restaurant industry to date, and marks Cinven’s entry into the growing market of fast food in the Iberian Peninsula.
RB Iberia holds the master franchise rights for the Burger King brand in Spain, Portugal, Gibraltar and Andorra, and for the Popeyes and Tim
Cold Bore Technology has closed USD14 million in a growth financing round led by bp ventures with participation from the Canadian Business Growth Fund (CBGF).
BGF is reporting a strong outlook for 2021. Throughout the last six months, the investment team for Scotland has invested close to GBP33 million across 10 Scottish growth businesses, including a cornerstone investment which marked BGF’s second investment in a Scottish IPO in 12 months.
BGF is a long-term patient investor, making initial investments between GBP1 million to GBP15 million for a minority equity stake. It backs ambitious teams across a range of sectors and funds a variety of growth plans.
Patrick Graham, head of Central Scotland and Northern Ireland at BGF, says: “Despite ongoing disruptions caused by the Covid-19
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