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RedBird Capital Partners has entered into a definitive agreement with Toulouse FC to acquire an 85 per cent majority stake in the French Ligue 2 football club.
Toulouse FC was relegated, along with Amiens, from the top tier of French football in April when clubs voted to end the season early due to the coronavirus pandemic.
Founded by Gerald Cardinale, RedBird has over USD4 billion of equity under management. Its investment partners have included the New York Yankees, the Dallas Cowboys and the United States Women’s National Soccer Team.
Toulouse owner Olivier Sadran has stepped down as majority owner and President, but will retain
Vital Capital has partnered up with the US Government’s Kenya Investment Mechanism to provide funding to Kenyan agri-businesses that have been affected by the Covid-19 pandemic.
Vital Capital is an impact investment private equity fund focused on companies in sub-Saharan Africa. “We are excited to launch this major collaboration to support Kenyan agribusinesses in what is an incredibly challenging economic environment,” said Nimrod Gerber, managing partner of Vital Capital.
KIM is a five-year program funded by the US Agency for International Development (USAID) to unlock financing to businesses that have been hit by the global pandemic.
Vital Capital and
Octopus Group has appointed of Tancredi Micangeli and Angela Gyulveszy, as distribution managers in its institutional funds team.Read the full story at Institutional Asset Manager…
GED Capital (GED), an independent private equity group specialised in the Spanish lower mid- market, and Oquendo Capital, a firm that specialises in flexible capital and private debt for Spanish lower mid-market companies, have reached an agreement on the terms of a sale of Gestión Tributaria Territorial (GTT) to AnaCap Financial Partners (AnaCap), a specialist European financial services private equity and credit firm, subject to regulatory approval.
The existing management structure will remain in place as key long-term shareholders, partnering with AnaCap through GTT’s next phase of growth. Terms of the transaction were not disclosed. GTT is a specialist in the design
London-based financial firms appear to be in no rush to have the majority of their staff back in the office, according to new research by Theta Financial Reporting.
Only 800 of Goldman Sachs’s 6,000 London staff have returned, while fewer than 2,000 of the 12,000 at JP Morgan are back in the office, the consulting firm’s new study revealed.
Almost one third of Brits say their company’s finance teams will not be returning to the office with other employees in July and will now work at home most of the time.
It also emerged that 70 per cent of City-based workers do not
Software and technology-focused private equity investor Thoma Bravo is to acquire Majesco, a provider of cloud insurance software solutions for insurance businesses, in a deal valuing the company at USD594 million. Following the closing of the transaction, Majesco will operate as a privately held company.
Under the terms of the agreement, all Majesco shareholders of record will receive USD13.10 in cash for each share of Majesco common stock upon closing of the transaction. The price represents a premium of approximately 74 per cent over Majesco’s average closing price during the 30-trading day period ended 17 July, 2020.
The proposed merger is
Roslin Technologies, the UK’s specialist AgriTech venture builder, has invested in Singapore-based Protenga, a business which farms black soldier fly insects to produce animal feed and fertiliser. As part of Roslin Technologies’ ambitious programme, a bespoke genetic nucleus facility is being built near its HQ, which will focus on applying enhanced breeding technologies to develop improved insect lines together with Protenga for the global market.
These investments align with Roslin Technologies’ focus on developing alternative protein sources to help overcome the impending global food deficit and are central to Protenga’s mission to provide sustainable food sources to livestock, aquaculture and
CEPRES has appointed Tony Chung as Chief Business Development Officer. In this role, he will be responsible for all aspects of business development for CEPRES’ core products and for further expanding CEPRES’ market penetration as a fast growing and innovative Private Equity Fintech Company.
Investcorp, a global provider and manager of alternative investment products, has appointed Jordana Semaan, Head of HR Gulf and Asia into a newly established role as Diversity & Inclusion (D&I) Champion, reporting directly to the Executive Chairman, Mohammed Alardhi. The firm has also announced a series of initiatives to enhance its D&I global practices.
Mohammed Alardhi, Executive Chairman of Investcorp, says: “At Investcorp, we believe that having a diverse mix of skills, perspectives, backgrounds and expertise are key drivers of our success, which is why they are embedded into our daily operations. We are committed to fostering a diverse and inclusive
KPS Capital Partners (KPS), through a newly formed affiliate, has entered into an asset purchase agreement to acquire substantially all of the assets of Briggs & Stratton, including equity of foreign subsidiaries, for approximately USD550 million.
Briggs & Stratton has filed a motion with the United States Bankruptcy Court for the Eastern District of Missouri seeking the designation of KPS as the stalking horse bidder in a sale motion as part of the Company’s filing of voluntary petitions under Chapter 11 of the Bankruptcy Code today. Briggs & Stratton expects to sell its assets through a court-supervised sale process under
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