Latest News
Private equity firm Altitude Partners has appointed Andrew Syvret from Santander Corporate Bank as partner in charge of fundraising and deal origination.
Syvret has undertaken senior commercial roles in professional services, banking and the private sector for almost 20 years.
Following positions at both KPMG and PwC in accountancy and corporate finance, Syvret was recruited by the Royal Bank of Scotland in 2007 to establish and lead a corporate business origination team. A period in the private sector followed as head of the business development team for the Earl of March at The Goodwood Estate securing global sponsors and
- 16/01/2017
Greenstone Finance and Aurium Capital Markets have acquired the business and assets of the Green Deal Finance Company (GDFC), as well as its existing loan book, for a total consideration of GBP40 million.
The acquisition is being supported by Honeycomb Investment Trust (HIT) which is managed by Pollen Street Capital.
Greenstone Finance, which invests in organisations focused on financing in renewable energy and energy efficiency, and Aurium, a structured finance boutique with a focus on renewable energy, have acquired GDFC Services and its subsidiaries with immediate effect; the new ownership will continue to service the existing Green Deal loans
- 16/01/2017
Clearwater International has advised LDC-backed UK holiday park operator Away Resorts, raising a significant debt facility to support its acquisition of Sandy Balls Holiday Village in the New Forest, forming a group with six sites valued in excess of GBP100 million.
Sandy Balls is a five-star holiday village in the New Forest National Park and offers accommodation including luxury woodland lodges, static holiday homes, camping pods and safari tents, as well as fully serviced touring pitches.
The purchase of Sandy Balls is the second acquisition Away Resorts has made since mid-market private equity firm LDC backed the secondary buyout
- 16/01/2017
An affiliate of New Water Capital Partners, a Boca Raton-based private equity investment firm focused on lower-middle market companies, has recapitalised KL Outdoor, a US-based manufacturer, designer, and marketer of branded outdoor lifestyle/recreational and outdoor events products.
The company’s product lines include kayaks, stand-up paddle boards, canoes, paddle boats, hunting blinds, sleds and portable restrooms as well as related accessories.
KL Outdoor goes to market under several brands including Sun Dolphin, Evoke, Extent and Third Coast (all related to the company’s watersports segment), Terrain (outdoor hunting products) and Five Peaks (portable restroom products).
Headquartered in Muskegon, Michigan, KL
- 13/01/2017
2016 was a new post-Lehman record year for the German mid-cap LBO market, according to the latest MidCapMonitor survey by Altium, which lists 77 transactions for the year, representing a further 10 per cent rise on 2015.
The survey regularly analyses leveraged buyout finance transactions with a credit volume of between EUR20 million and EUR500 million.
The proportion of new finance transactions, i.e. primary LBO deals, was 55 per cent in 2016, up significantly on the 43 per cent seen in 2015. While recaps and refinancings accounted for 48 per cent of transactions in the first half of 2016,
- 13/01/2017
Guernsey's funds sector stands to benefit from pressure on legal fees from fund managers and investors because of lower overheads and costs in the jurisdiction, says Ogier group partner Craig Cordle.
Cordle (pictured), who joined the Guernsey investment funds team at the end of last year, says that because costs in Guernsey tend to be lower than those charged by London firms, the island could get a boost from a current price squeeze trend from managers and underlying investors.
Figures from the Guernsey Financial Services Commission show that the 12 months leading up to June 2016 saw a 12.3
- 13/01/2017
Noerr has advised VR Equitypartner on the acquisition of a minority stake in Grundig Business Systems (GBS), which is based in Bayreuth.
VR Equitypartner, one of the leading equity financers for SMEs in Germany, Austria and Switzerland, has acquired this minority stake in the GBS Group in order to support its planned further growth.
The transaction is subject to approval by the authorities. The parties have agreed not to disclose any details regarding the contracts.
The GBS Group provides electronic electronics manufacturing services (EMS) for the automotive, industrial and consumer electronics, railway, power station and medical technology, and
- 13/01/2017
CreditEase Wealth Management has held the first closing of its second fund, CEIIF II, which has raised USD32.2 million since its launch one month ago towards a target capital commitment of USD50 million.
The fundraising follows the CreditEase Israel Innovation Fund I, which closed in October 2015 after raising USD30 million.
“Reaching the first close for CEIIF II within the first month has given us renewed confidence that Israeli technology and the investment opportunities it brings continue to be a sweet spot for Chinese high-net-worth individuals,” says Richard Williamson, head of offshore business at CreditEase Wealth Management.
“CreditEase
- 13/01/2017
Central and South Eastern Europe-focused private equity firm Mid Europa Partners is to sell its investment in Invitel Group to CEE Equity Partners, the investment adviser to the China CEE Investment Co-operation Fund.
The transaction is subject to customary closing conditions, including competition clearance, and is expected to complete in the first quarter of 2017.
Invitel is the second-largest incumbent fixed line telecommunications and broadband Internet services provider with more than one million homes passed in Hungary, serving both residential and corporate customers.
David Blunck, the CEO of Invitel, says: "Under Mid Europa’s leadership we have strengthened Invitel’s
- 13/01/2017
- 13/01/2017
IK Investment Partners’ IK 2007 Fund is to sell Colosseum Smile Group, a provider of private dental care in Scandinavia, to Jacobs Holding AG (JAG).
Financial terms of the transaction have not been disclosed.
Colosseum Smile Group was acquired by IK in 2010 and has since then accelerated its growth and consolidation of the Scandinavian dentistry market.
Colosseum Smile has 52 clinics in Norway, Sweden and Denmark, offering a range of services from basic dental care to specialist surgery.
“Together with our employees and supported by IK, we have successfully developed Colosseum Smile from two smaller dentist
- 13/01/2017
- 13/01/2017
Special Reports
Featured
- Intel
- May 17, 2024
- Awards
- May 16, 2024
- Intel
- May 16, 2024
- Intel
- May 15, 2024
- Intel
- May 13, 2024
Events
05 June, 2024 – 8:30 am
12 September, 2024 – 8:30 am
12 September, 2024 – 6:00 pm
24 October, 2024 – 8:30 am
