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Law firm Paul Hastings has advised shareholders and re-investors of France-based Aries Alliance, a manufacturer of machine tools, titanium wing structures, and engine parts for the aerospace sector, in connection with the LBO of the group, structured by Astorg Partners, which acquired a majority stake.
BNP Paribas, Banque Populaire, LCL and Société Générale provided senior debt financing for this transaction.
Aries Alliance’s clients include companies involved in parts for aeronautical structures, engines, aircrafts, helicopters, missiles, and launchers for the civil, military, or aerospace industries worldwide.
The Paul Hastings team in Paris was composed of corporate partner Olivier Deren and
Middle market private equity firm One Equity Partners (OEP) is to sell PeroxyChem, a worldwide manufacturer of peroxygen chemistries, to German Evonik Industries AG, a publicly-traded global speciality chemicals company, for USD625 million, or 10.4 times EBITDA, before synergies.
The transaction is expected to be completed by mid-2019, subject to regulatory approvals and customary closing conditions.
PeroxyChem, with roots going back over 100 years, is an innovative producer of hydrogen peroxide and peracaetic acid serving the food safety, electronics, environmental, energy and other industrial end markets. The company is headquartered in Philadelphia, Pennsylvania and employs approximately 600 people worldwide
FreeOx Biotech, a spin-out of Hospital Clinic Barcelona-IDIBAPS which is developing a new class of neuroprotective drugs, has closed its first round of funding with EUR500,000 from private investors Montserrat Esteve and Francisco Javier Alsina.
The biotechnology firm has two highly promising molecules in its pipeline to treat stroke and other diseases of the central nervous system (CNS) – Ox-01 and Ox-02.
With this funding, the company will carry out formulation and preclinical trials with in vivo testing on Ox-02 in order to determine safe dosage for the first testing in humans and assess the safety profile.
“It
F2i has held the final close of its third fund with EUR3.6 billion in capital commitments, EUR600 million higher than the target set in December 2017 at the time of the launch of the Fund.
This excellent result, and the short amount of time needed to complete the fund raise, was made possible by existing investors (F2i’s First and Second Funds had raised EUR1.8 billion and EUR1.25 billion, respectively), as well as a significant contribution from new investors. Subscribers to F2i’s Third Fund include pension funds, sovereign funds, bank foundations, insurance companies and asset managers, with Italian and international investors
Carey Olsen has worked with Clarity, the creator of a new blockchain platform for small businesses and investors, on the initial coin offering (ICO) of its Clarity Project utility token.
The Clarity platform is designed to be a one-stop shop for small business owners worldwide, giving them complete access to, and control over, their data. It will also provide analytics, benchmarking, file sharing, third-party verification and access to early-stage funding or investment that has previously only been available to larger businesses.
Clarity founder Luke Smith says: “The Crypto industry is growing up fast, becoming mainstream and Jersey is
Natural language processing (NLP) is changing the way humans interact with machines in ways that were unthinkable a decade ago. Thanks to huge advances in machine learning, driven and supported by ever-faster computer processing, we are increasingly using NLP tools such as Amazon Alexa, Siri, Google assistant, Cortana, Bixby, and interacting with chatbots from our service providers.
MEIF Maven Debt Finance, managed by Maven Capital Partners (Maven), has agreed a six-figure loan funding solution to Tienda Limited (TL), a ‘turnkey’ interior service provider.
The capital will be used to finance a new contract, which runs over five years, to refit up to 700 outlets including a Building society, Banks, coffee shops and convenience stores. Six jobs will be created in the region as a result.
Tienda operates as both a main contractor and as a preferred contractor for a number of large main contractors, providing fit-out and construction services to the Commercial, Hospitality, office and residential
Maitland has been appointed as the AIFM, Fund Administrator and Company Secretary for the new Merian Chrysalis Investment Company.
Maitland will provide AIFM, fund administration and company secretarial services for the new Guernsey-domiciled closed-ended investment company, which raised GBP100 million on its initial issue and has a premium listing on the London Stock Exchange.
The company will invest in unlisted stocks and is co-managed by Richard Watts and Nick Williamson.
Nicola Stronach, Chief Operating Officer at Merian Global Investors, says: “The Merian Chrysalis Investment Company Limited is our first listed product and we’re pleased to be working with
The Calumet Wex Group, an omni-channel retail chain for photographic products and services in Europe and a subsidiary of Aurelius Equity Opportunities SE & Co, is to acquire a majority interest in Foto-Video Sauter from its managing partner Bernd Sauter.
Foto-Video Sauter generates annual revenues of around EUR22 million, operates Germany’s biggest photography shop in Munich, and also has an online shop and retail space in Rosenheim. The transaction is expected to close by the end of 2018.
Also after the acquisition, Foto-Video Sauter will continue to operate under its strong brand name as an institution devoted to photography
Private equity firm IK Investment Partners’ (IK) IK VIII Fund has acquired a majority stake in Infradata Group (Infradata) from Waterland Private Equity Fund V (Waterland).
Infradata is a provider of cybersecurity and secure networking solutions across Europe. Financial terms of the transaction have not been disclosed.
Infradata was founded in the Netherlands in 2004, where it continues to be headquartered. The company has an additional presence in Germany, UK, France (Nomios), Belgium, Poland and the US, with ambitious expansion plans. The company provides cybersecurity and secure networking solutions, from design and delivery to aftermarket support and managed services.
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