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International investment company Aser Media’s subsidiary Eleven Sports has entered into a strategic partnership in Poland with Polsat, a commercial broadcaster in the Polish market, with Polsat acquiring a significant stake in Eleven Sports.
Eleven Sports was founded in 2015 and in a competitive market place is one of the fastest growing media companies, currently delivering premium sports action to 17 million paying subscribers in seven markets – Belgium, Luxembourg, Italy, Poland, Singapore, Taiwan and the US.
Eleven recently acquired rights to LaLiga in the UK and Ireland which will become the platform’s eighth and ninth markets with launches
ICEYE, an Earth observation company providing synthetic-aperture radar (SAR) data, has secured EUR29 million in a Series B funding led by return investor True Ventures, and supported by Draper Network VC funds and others.
Building on ICEYE’s recent aerospace industry achievements, the Finland-based SAR data company will use the new capital to expand its custom analytics services for its growing customer base, further develop its SAR satellite technology, as well as fund additional launches of ICEYE SAR satellites.
ICEYE’s Series B funding round includes financial backing from previous investors True Ventures, Draper Nexus, Draper Associates, Seraphim Capital and Space
BakerHostetler has appointed Michael Moyer as a partner in the firm’s Seattle office, where he will work on clients’ corporate finance, project finance and other complex transactional needs.
Moyer comes to BakerHostetler from Cairncross & Hempelmann, PS. He is the first partner in the firm’s Business Group to be based in the Seattle office.
Moyer has represented a broad array of companies during his more than two decades as a corporate finance attorney. Though he continues to represent various types of clients, Moyer focuses his practice primarily on serving sustainable industry, life science and other technology companies. He
Data from eFront, covering 4,000 funds globally, shows that Western European private equity funds showed the best returns globally, at the same time as delivering robust performance on the VC side.
Western European private equity funds achieved an overall return of 1.68x (TVPI – total value to paid in), ahead of the US on 1.56x. On an IRR (internal rate of return) basis, the figures were 14.32 per cent for Western Europe and 12.17 per cent for the US.
The performance was led by Nordic funds on 1.91x, Benelux funds on 1.85x, and the UK on 1.62x.
On
Intensifying market competition in an increasingly crowded space is the top concern among credit fund managers, according to new research from global law firm Ropes & Gray.
The report, ‘Driving Success: Challenges and Opportunities in Credit Fund Platforms’, analyses the responses of 100 senior level executives within US and UK-based credit funds, in the first quarter of 2018. Key findings reveal that 71 per cent of respondents cited their biggest concern as competition, while 65 per cent stated they intend to launch funds focusing on distressed/stressed debt opportunities in the next 12 months. Although general credit opportunities are the flagship
Probitas Partners has promoted four of its team to the position of managing director.
Additionally, the firm has expanded its real estate advisory capabilities to include providing bespoke access to large scale US commercial real estate opportunities to a targeted universe of the most active and sophisticated investors globally.
Probitas Partners was founded in 2001 and is an independent global placement advisory firm. The firm continues to be led by the longest-standing senior management team of any global placement advisor. The founders of Probitas congratulate their colleagues on their promotions and look forward to the next decade of great
Global law firm White & Case LLP has advised on the EUR1.01 billion senior and second lien loan financing for the acquisition by lead investor CVC Fund VII and a consortium of Finnish institutions including LocalTapiola, Varma and Ilmarinen, together with the management of Mehiläinen, of Finnish private healthcare and social care provider Mehiläinen.
“White & Case has a strong and established relationship with CVC and a proven track record advising on both private equity and healthcare transactions,” says London-based White & Case partner Martin Forbes, who led the Firm’s deal team. “These strengths were clearly showcased in a deal
PureClarity, a York-based company, which has developed software that helps e-commerce businesses to increase sales, has secured a GBP500,000 investment from NPIF – Mercia Equity Finance, which is managed by Mercia Fund Managers and part of the Northern Powerhouse Investment Fund.
PureClarity’s technology uses big data and artificial intelligence to analyse customers’ behaviour and recommend the most relevant products when they search for goods in online stores. The funding will allow the business to further develop its product and create eight new jobs for sales and marketing staff at its premises in York.
PureClarity was set up in 2014 by
Electrocomponents has acquired IESA, a B2B digital disruptor providing value-added services to manufacturing, process and production orientated industries, for a cash consideration of GBP88 million.
Founded in 2002 and headquartered in the Birchwood Science Park near Manchester, IESA employs approximately 500 people, providing value-added services in three key areas: procurement/sourcing; transaction processing; inventory and stores management. Its services allow clients to improve their efficiency and consolidate their indirect procurement vendor base via a cloud-enabled marketplace solution, MyMRO. The multi award winning MyMRO technology platform was developed specifically to meet the indirect procurement challenges of large-scale clients, integrating over 27,000 approved
Foresight Group has sold Thermotech, a facilities management provider based in Stockport, to Atalian Servest Group, the international facilities management group for an undisclosed sum.
Thermotech is a hard facilities management provider, designing, installing and maintaining customised air conditioning and fire sprinkler systems for retail, commercial and residential properties. It has a number of high profile clients including M&S, John Lewis and Selfridges & Co. Foresight made its original investment of GBP2.5 million in August 2013.
With Foresight’s investment Thermotech was able to expand its high-quality customer base and develop further recurring maintenance revenue streams. Most notable was the acquisition
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