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African PE has remained robust with the total value of fundraising increasing to USD2.7 billion in 2018 from USD2.4 billion in 2017, indicating investors’ ongoing confidence in the sector, according to a report by the African Private Equity and Venture Capital Association (AVCA).
The total value of African PE fundraising between 2013 and 2018 was USD17.8 billion and the median size of final closed funds over the same period was USD123 million.
The data shows that 1022 reported deals worth a total of USD25.7 billion took place from 2013 to 2018. While the value of PE deals dropped marginally
Laurel Solutions, an affiliate of private equity firm FFL Partners (FFL), has completed the acquisition of Servelec Technologies, a market-leading provider of remote monitoring systems, secure SCADA systems, and business optimisation software providing complete end-to-end automation and optimisation solutions to clients around the world.
Terms of the private transaction were not disclosed.
Servelec Technologies is headquartered in Sheffield, UK with offices in Melbourne, Australia, Waterloo, Belgium, Calgary, Canada and Abu Dhabi, United Arab Emirates. For more than 40 years, the Company’s hardware and software products, systems, and consultancy services have been trusted by the world’s leading companies across sectors
A group of investors including the Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, the Russia-China Investment Fund and a leading Middle Eastern sovereign fund (Group), have completed a deal to acquire a 9.53 per cent stake in Intergeo, a metals and mining company and part of ONEXIM Group.
The investment is included in the list of the Intergovernmental Russian-Chinese Commission on Investment Cooperation initiated by RDIF and the Chinese Investment Corporation in 2014 to promote cross-border investment projects. The Investors will nominate Alexander Khloponin and Lev Kuznetsov as their representative on the Board of Directors of the Company.
European law firm Fieldfisher advised on close to GBP1.5 billion-worth of equity capital markets (ECM) deals across the London and Paris capital markets in 2018.
The majority of Fieldfisher’s ECM transactions were completed on AIM, the junior tier of the London Stock Exchange, for which the firm is consistently ranked as one of the top advisers to listed companies. Fieldfisher advised on deals with a combined value GBP1.23 billion on AIM last year, equal to around 21 per cent of all funds raised on London’s junior market in 2018.
Deal activity was led by natural resources transactions, with an
BGF has invested GBP11.6m in Invenio, a UK-headquartered and global provider of business focussed technology solutions and consulting services, to support the business’s continued growth.
Founded in 2006 and headquartered in Reading, Invenio provides consulting services and technology solutions for organisations in the media, manufacturing & logistics, and public sector verticals.
Invenio delivers successful transformational projects and business critical technology solutions with exceptional customer focus, deep industry expertise and a transparent approach.
Invenio has over 750 employees working for customers worldwide with delivery centres across seven countries – UK, India, Mauritius, Saudi Arabia, Fiji, USA and UAE –
Business advisory firm Quantuma has expanded its regional offering with the opening of a new Manchester office, bolstering the city’s booming financial and professional services sector.
The office, which is based at Number One, Spinningfields, will see the firm provide a full range of advisory services, including corporate finance, forensic accounting, insolvency and restructuring.
Jeff Jones has been appointed as Managing Director – North West. Jones was formerly head of advisory nationally for BDO, prior to which he was managing partner of their Manchester office. He has also held a number of non-executive positions, while co-founding several new business
JTC has appointed Chris Corcoran as Client Director, Funds Services, as the firm continues to bolster its Guernsey-based funds capabilities.
Corcoran (pictured), has also been appointed to JTC’s Guernsey board and, in his new role, will play a key role in driving forward JTC’s growth strategy in the jurisdiction. This also follows the appointment of funds specialist James Tracey as Managing Director in Guernsey.
With almost two decades of experience in offshore financial services, Corcoran brings a strong and varied skillset to the role. Specialising in funds and with an in-depth understanding of the regulatory environment, he has held
Guernsey’s financial services regulator has signed a Memorandum of Understanding with the UK’s Financial Conduct Authority to ensure market access for Guernsey investment funds into the UK after Brexit.
Guernsey has a market access agreement with the 28 Member States of the European Union under the EU’s Alternative Investment Fund Managers’ Directive. The agreement was made and signed with the European securities regulator, the European Securities and Markets Authority (ESMA).
Once the UK leaves the European Union at the end of this month, it will cease to be a signatory to the agreement, and so the separate MoU has
SK Capital Partners, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, has promoted Stephen d’Incelli to Managing Director and appointed Lee Karras as a Director.
Previously a Principal at SK Capital, d’Incelli has played a significant role in sourcing and executing acquisitions as well as guiding portfolio companies where he serves as a member of numerous Boards of Directors. Prior to joining SK Capital in 2015, d’Incelli was a Vice President at Sun Capital Partners where he was involved in a variety of acquisitions including corporate carve-outs, entrepreneurial transitions and add-on acquisitions. Before joining Sun Capital,
RSK Group has acquired Headland Archaeology, a UK-based, privately owned provider of heritage services to the development and construction sectors.
The acquisition is the latest under RSK’s funding package from Ares Capital Europe (Ares) and a revolving credit facility provided by NatWest, secured inDecember 2018.
Headland Archaeology’s170-strong team has an in-depth understanding of commercial archaeology with practical experience participating in major construction projects. From high-speed rail projects and wind farm construction through to housing developments and offshore cable laying, the company delivers against critical path and heritage responsibilities. Founded in 1996, Headland Archaeology is proud of the business it has
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