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Consolis Group, a European supplier of precast concrete solutions, is to acquire TMB Group, a producer of concrete elements in the Baltic countries and Finland.
TMB Group brings more than 50 years of industry expertise and specific capabilities in both residential and non-residential buildings. Founded in 1961, TMB Group employs around 500 people and its annual revenue exceeded EUR120 million in 2017.
Nicolas Yatzimirsky, Chief Executive Officer of Consolis, says: “By acquiring TMB Group, we’ve demonstrated our ambition to further strengthen our presence in our key European markets. They bring valuable industrial know-how and our respective teams will mutually benefit from further best practices sharing.”
“TMB and its subsidiaries in Finland, Estonia and Latvia have built long-term relationships
REYL & Cie has expanded its partners’ group with the appointment of Pasha Bakhtiar (pictured), currently in charge of REYL Finance (MEA) Ltd, REYL & Cie’s affiliate in the United Arab Emirates.
He joins François Reyl, Nicolas Duchêne, Christian Fringhian and Lorenzo Rocco di Torrepadula as a partner in the Bank’s Geneva office.
Bakhtiar (pictured) has more than 20 years’ experience in the fields of wealth management, asset management and private equity. He began his career with Lombard Odier Darier Hentsch in Geneva before moving to Dubai to participate in the launch of LODH’s operations in the UAE where
YFM Equity Partners (YFM), a specialist private equity fund manager, has invested GBP4.5 million from its managed funds into Collaborative Project Management Services (CPMS) to support the continued growth of the business through ongoing new product and market development.
YFM’s investment is the seventh from its GBP46 million buyout fund.
CPMS provides multidiscipline Project Management to the railway system across track, signalling, telecoms, civils, and overhead lines. CPMS has built a very strong reputation for excellence and is one of only seven companies to be awarded top marks under Network Rail’s Performance Supplier feedback process. CPMS has grown quickly due
The Paris office of the international firm Simmons & Simmons has assisted the British asset manager, Polar Capital, in the context of the launch of its operations in Paris.
Whilst some aspects of the divorce between the EU and the UK are unfinalised, Simmons & Simmons LLP has advised Polar Capital on the establishment of the most suitable regulated structure post-Brexit for its set up in the capital.
The multi-disciplined team of the firm advised the asset manager throughout the authorisation process as an AIFM (from the initial meeting with the AMF to completing the AMF authorisation conditions) including
NVM Private Equity (NVM) has invested GBP3 million of growth capital into indoor climbing business The Climbing Hangar (TCH).
Indoor climbing is a growing sport that blends socialising with health and fitness and TCH aims to provide access to its superior facilities at an affordable cost, catering to a growing community of highly engaged climbing enthusiasts and novices alike. Since its successful launch in Liverpool in 2011, TCH has expanded to two further sites in London and Plymouth. The investment from NVM will allow the company to continue the roll-out, leading the market in providing an alternative leisure experience.
NorthEdge Capital has made the first investment from its recently closed NorthEdge Capital SME Fund I, backing award-winning cloud services specialist iPortalis with a multi-million pound growth capital investment to support its global expansion.
As organisations increasingly move to the cloud, iPortalis helps international businesses aggregate their diverse solutions so that all technology purchasing, deployment and license & asset management functions can be handled by IT teams via a single pane of glass.
At the heart of the iPortalis service is the iPortalis Control Portal (iCP). This cloud software portal enables IT teams to purchase, deploy and manage over
Golub Capital has sold a passive, non-voting minority stake in its management companies to Dyal Capital Partners (Dyal), a division of Neuberger Berman.
Terms of the investment have not been disclosed.
Golub Capital plans to use Dyal’s investment as permanent capital to expand the Firm’s capabilities to deliver distinctive, compelling and reliable financing solutions to its private equity sponsors and attractive, consistent returns for investors in its funds. All proceeds from the transaction will remain invested in the Firm. There will be no change in Golub Capital’s strategy, management team, investment team, investment process or day-to-day operations as a
BDO publication Horizons reveals that global mid-market M&A activity in Q2 2018 dropped 6.6 per cent; in other words, a total of 1,782 deals were registered, representing a total deal value of USD157.8 billion – or a 4.5 per cent drop – compared to Q1 of this year.
When the statistics from Q2 2018 are contrasted with those of Q2 2017, the decrease is even more significant, showing 353 less transactions (-16.5 per cent) and a USD22 billion decrease in value (-12.3 per cent). Only when looking back a full five years do we find lower figures: specifically to Q3
Financial services private equity firm AnaCap Financial Partners’ (AnaCap) AnaCap Credit Opportunities III fund has acquired a 1st lien corporate debt/loan portfolio from local bank Nova KBM (NKBM).
The servicer is Elements Capital Partners. The gross purchase price or claim amounts have not been disclosed.
In addition to completing this initial debt deal in Slovenia, AnaCap views the country as highly attractive for further investment and says it is looking forward to exploring a programme of additional opportunities.
SANNE has appointed Stephanie Hopkins and Stephen McKenna as Co-Heads of the firm’s Private Debt & Capital Markets business for the Europe, Middle East and Africa (EMEA) region.
Effective 1 August 2018, Hopkins (pictured), and McKenna will be responsible for the strategic direction, management and delivery of SANNE’s Private Debt & Capital Markets business with specific focus on the continued development of the division to ensure that clients receive the highest levels of service and technical expertise across all jurisdictions.
Their focus will also continue to be on delivering strong growth through organic initiatives while continuing to drive best
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