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A company backed by the Permira funds is to acquire a majority stake in orthopaedic firm Corin Orthopaedics Holdings Ltd (“Corin”) from DeA Capital Alternative Funds SGR (controlled by DeA Capital Group), Hunt Capital, IP (Investimenti e Partecipazioni) and other investors, for an undisclosed sum.
The investment provides substantial new funding to fuel the next stage of Corin’s development after five years of outstanding growth. Chief Executive Stefano Alfonsi and the management team will continue to lead Corin and will remain significant investors in the Company alongside the Permira funds.
Headquartered in Cirencester, UK, Corin is an international orthopaedic
Intel Capital participated in SiFive’s recent Series C funding round. The investment was revealed at the Intel Capital Global Summit, at which SiFive CEO Naveed Sherwani pushed for the democratization of the semiconductor industry.
SiFive’s hardware designs leverage the body of software and tools available from the open-source community under the guidance of the RISC-V Foundation, dramatically reducing the cost of developing custom silicon. RISC-V was born from the dire need to address the skyrocketing cost of designing and manufacturing increasingly complex new chip architectures. System designers can use the SiFive Freedom platforms and DesignShare catalog to focus on their
We Doctor Holdings Limited (WeDoctor), a Chinese technology-enabled medical and healthcare solutions platform, has closed a USD500 million financing led by AIA Company Limited and NWS Holdings Limited.
Existing shareholders and new investors including CICFH also participated in the round which marks the largest pre-IPO financing ever in China’s technology-based medical and healthcare sector, and brings WeDoctor’s valuation to USD5.5 billion upon completion.
This round of investment brings together a number of renowned market leaders across sectors with complementary strengths and exceptional capabilities to further enhance WeDoctor’s platform and long-term growth. WeDoctor plans to collaborate with its strategic investors
Nationwide Window Cleaning and High Access Maintenance have joined forces in the inaugural merger of two BGF-backed businesses.
The deal creates one of the largest independent facilities management services companies in the UK, with a combined revenue of GBP30 million. BGF has supported the merger with a further capital investment of GBP5.5 million.
High Access’ Niel Bethell takes the role of Group CEO while NWC’s Thornton Tasker will become the Executive Chairman. Bethell and Tasker founded their businesses in the mid to late 2000s and have pushed forward significant growth in recent years.
The merger was initiated by
Arma Partners has acted as exclusive financial advisor to BlackFin Capital Partners on the sale of its portfolio company NeoXam to Cathay Capital and Bpifrance.
NeoXam is a leading global financial software company, enabling global asset managers and sell-side institutions to address the multiple challenges they face in the front, middle and back-offices.
NeoXam has a global footprint serving blue-chip institutions in EMEA, Americas and APAC across 25 countries via 14 offices worldwide. By partnering with Cathay Capital and Bpifrance, NeoXam’s management intends to leverage the strong growth of the market and the technological assets of its data management,
Naxicap Partners, an affiliate of Natixis Investment Managers, is to become the new majority shareholder of TEUFEL following the exit of Hg and, in partnership with its existing management led by Sascha Mallah and Joachim Wimmers, plans a new phase of growth for the company.
Founded in 1979 in Berlin, Teufel is a direct-to-consumer audio brand primarily active mostly in German speaking countries. Teufel has achieved sales of EUR100m+ of as of June 2017 and experienced continuous and impressive growth over the past five years.
Teufel has built an efficient and agile business model that allows it to succeed
A majority of alternative fund administration firms – 74 per cent – expect consolidation in the alts fund admin space, according to the just-released eVestment Alternative Fund Administration 2018 survey.
This is up dramatically from the 47 per cent of survey respondents who expected consolidation in 2017’s survey.
And despite technology and new players disrupting numerous industries around the world, only 11 per cent of survey respondents expect to see new entrants into the fund administration business over the near term, down from 26 per cent of respondents in the prior year’s results.
Alternative asset managers are increasingly
Mayfair Equity Partners (Mayfair) has acquired a majority stake in converged ICT services provider GCI. Mayfair’s investment also includes the formation of a new strategic fund worth over GBP60 million, providing GCI with significant financial firepower to finance future strategic acquisitions.
As part of the transaction, Mayfair has purchased the majority of the equity held by Chairman Wayne Martin, who will remain on the GCI board, and the full minority stake held by BGF, which has backed the business since 2012.
The investment in GCI comes at an exciting time for the company. Over the last two years GCI
Corporate attorney Michael Weinsier has joined Pryor Cashman’s New York office as co-head of the Private Equity practice. He joins as a partner, having previously been with Troutman Sanders.
With more than 30 years of experience, Weinsier specialises in complex corporate transactions, including leveraged buyouts, domestic and cross-border mergers and acquisitions, divestitures, auction bids and sales, joint ventures and co-investments, among others.
“Michael is an important addition to our growing corporate practice,” says Ronald Shechtman, Pryor Cashman’s Managing Partner. “We’ve seen increased demand from private equity clients who require sophisticated deal counsel with expertise in cross-border transactions. Michael’s superior knowledge
Inflexion Private Equity has backed the management buyout of Independent Transition Management Limited (ITM), a provider of specialist data services to the pensions and financial services markets.
Founded in 2003, ITM specialises in technology-led data audit, management administration and migration services, working with pension funds, providers, trusts and administrators as well as other generalist financial institutions. The company utilises proprietary software and specialist expertise it has built over 15 years to provide critical and complex data services for its blue-chip clients in the private and public sectors, including Aviva, Legal & General, Cabinet Office and BT. Headquartered in London, ITM
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