Latest News
BioMedPartners has held the first closing of BioMedInvest III, the firm’s third equity venture capital fund, at CHF75 million.
BioMedInvest III is a healthcare venture capital fund which invests in private early-to-mid- stage companies in Switzerland, Germany and neighbouring countries of the European Union.
“We are delighted that the continued success of BioMedInvest convinced many of the major investors of the previous funds to commit also to BioMedInvest III. Among these are the European Investment Fund (EIF) on behalf of the ERP-EIF Dachfonds as cornerstone investor, and the Berner Kantonalbank, BEKB. In addition we could gain several important new private
- 17/02/2017
Preqin has launched Preqin Solutions, which is aiming to provide a cost-effective, scalable and secure data solution to meet the market need for transparent, accurate and efficient tracking of private capital portfolio performance.
Preqin says the platform is designed to provide ‘innovative, time-saving and easy-to-use tools that streamline the collection of portfolio company data, and improve the valuation and reporting processes undertaken by fund managers, thereby enabling more effective portfolio value creation and communication with investor clients. The cloud-based platform is quick and easy to implement, making Preqin Solutions accessible to managers of all sizes’.
The creation of the division
- 17/02/2017
Monroe Capital has acted as sole lead arranger and administrative agent on the funding of a unitranche credit facility to support the acquisition of Midwest Wholesale Hardware Co (Midwest) by private equity sponsor, High Road Capital Partners.
Based in Kansas City, Missouri, Midwest Wholesale Hardware Co. is a leading wholesale distributor of commercial door hardware and security products, including locks, exit devices, electronic access control products, and door closers.
The company’s national footprint enables next-day delivery to its customers in commercial and institutional end markets.
- 16/02/2017
Global investment bank GCA Altium has advised AXIO Aviation Holdings on the sale of OAG to Vitruvian Partners in a deal worth approximately USD215 million.
OAG is the global leader in aviation information and intelligence, providing customers with flight schedule and status information, in addition to related data analysis tools. The company’s flight information database holds future and historical flight details for over 900 airlines and more than 4,000 airports, offering unprecedented insight into scheduling and planning, flight status and day-of-travel updates, post-journey analysis and on-time performance. With the most extensive real-time database in the market, OAG’s delivers 35 million
- 16/02/2017
- 16/02/2017
CBPE Capital has exited its investment in Xafinity, a UK corporate pensions consultancy, via a main market listing on the London Stock Exchange.
Due to high investor demand, CBPE will sell all of its shares generating a return of 4.3x invested capital (with an IRR of 66 per cent). The IPO has valued Xafinity at an Enterprise value of GBP220.3 million. The market capitalisation on admission will be GBP190.3 million.
CBPE acquired Xafinity out of Advent International backed Equiniti Group in February 2013. Xafinity is a market leader in providing pension compliance and advisory services to trustees and sponsors of
- 16/02/2017
- 16/02/2017
Arma Partners has acted as exclusive financial advisor to Cloudreach on the sale of a majority share to Blackstone.
Cloudreach is a renowned cloud-native global cloud enabler which has empowered some of the largest and best known enterprises in the world to realise the benefits of hyperscale public cloud. The company is an important partner for AWS, Microsoft and Salesforce and offers intelligent and innovative cloud adoption by providing capabilities to enable, integrate and operate cloud platforms based on these infrastructures.
This is one of the largest transactions to have taken place in this important and rapidly growing segment
- 16/02/2017
The UK Government’s intention to trigger the Article 50 process of leaving the European Union (EU) by the end of March has seen a 2 per cent decline in early-stage M&A activity in the UK in Q4 2016, compared to the same period one year prior.
This means announced M&A deals in the UK could decline in Q2 2017.
That’s according to the latest Intralinks Deal Flow Predictor, an accurate forecast of future mergers and acquisitions (M&A) announcements.
“Uncertainty around the government’s exit strategy with the EU is likely to have a chilling impact on inward investment and
- 16/02/2017
TMX Group has sold the wireless and extranet infrastructure services business known as TMX Atrium to Intercontinental Exchange (ICE).
The decision to enter into this transaction was made within the scope of TMX's ongoing strategic initiative to streamline its organisational structure and position the company to deliver profitable long-term growth. Upon closing, TMX Atrium will become part of ICE Data Services, a leading global provider of market data solutions.
"The sale of the TMX Atrium business is the result of a shift in our strategic focus from infrastructure services to providing intellectual property-based analytics solutions that drive client investment decisions,"
- 16/02/2017
- 16/02/2017
Sidley Austin is significantly strengthening its private equity, corporate and restructuring practices with the addition of eight partners to its Munich office.
The new group comprises seven partners from Kirkland & Ellis, headed by leading private equity and M&A lawyer Volker Kullmann, and Kolja von Bismarck, head of the German Banking and Financial Restructuring group at Linklaters. Joining Kullmann in the move from Kirkland are tax partner Roderic Pagel, corporate partners Björn Holland, Christian Zuleger, Marcus Klie and Nicole Schlatter, and finance/capital markets partner Markus Feil, a close-knit team who have worked together for many years.
The eight new
- 16/02/2017
- 16/02/2017
Nexxus Capital is to invest in Translatum Holding (TransNetwork), a holding company to develop a fintech payments platform, of which the first component is TransNetwork, a company in the B2B electronic domestic and cross-border processing and payments industry.
The company enables transfers between the United States, Mexico and other Latin American countries as well as domestic money transfers within Mexico.
This investment will be made through Nexxus Capital Private Equity Fund VI, and Nexxus Capital VI Trust (jointly Nexxus VI), once certain closing conditions are met, including the approval of Mexico’s Antitrust Authority (COFECE).
TransNetwork’s money transfer business enables licensed
- 16/02/2017
- 16/02/2017
Special Reports
Featured
- Intel
- May 9, 2024
- Intel
- May 8, 2024
- Intel
- May 7, 2024
- Intel
- May 3, 2024
- Intel
- May 2, 2024
Events
16 May, 2024 – 8:30 am
16 May, 2024 – 5:30 pm
05 June, 2024 – 8:30 am
12 September, 2024 – 8:30 am
