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Global law firm K&L Gates LLP represented Patricia Industries, a part of Investor AB, on the USD903 million acquisition of a majority stake in healthcare product specialty distributor Sarnova Holdings from Water Street Healthcare Partners and Sarnova founder Matthew D Walter.
The acquisition, which closed on 4 April, consisted of Patricia Industries injecting USD513 million in equity financing for an 86 per cent ownership of Sarnova. The remainder of the enterprise value has been financed by external debt and equity participation from Water Street Healthcare Partners, Matthew D Walter, and Sarnova’s management group and board of directors.
New York
Quinag Acquisition (FDI) Limited, a company backed by funds advised by Apax Partners, is to acquire a controlling stake in Healthium MedTech Private Limited (Healthium), an independent medical devices player in India.
The controlling stake was acquired from existing shareholders including TPG Growth, CX Partners, and founding shareholders. Financial terms of the transaction, which is subject regulatory approval, are not being disclosed.
Founded in 1992, Healthium manufactures and sells a broad range of medical devices and consumable products including wound closure products, minimally invasive products including endo surgery and arthroscopy consumables, and urology products. The Company’s key brands include
Vistra, a provider of international incorporations, trust, fiduciary, private office, and fund administration services, has expanded into the Canadian market with the opening of an office in Toronto.
The expansion into Canada comes about at the same time Vistra’s Alternative Investments division was awarded a major fund administration mandate from a leading Private Equity firm headquartered in Toronto.
Commenting on the opening of Vistra’s Toronto office, Onno Bouwmeister, Group Managing Director, Alternative Investments at Vistra, says: “This is a huge milestone for all of us at Vistra and I am incredibly proud of the team from across the globe that
By George Ralph, RFA – As many firms in the alternative investment sector, and certainly many of our clients, look for new ways to improve investment strategies and drive efficiencies in their businesses, against a backdrop of strict regulations and compliance requirements, investment in technology and innovation continues to rise.
Whilst automation of workflows and business processes are not new concepts, the introduction of robotic process automation (RPA) is fairly new and is gathering rapid pace in the media.
RPA utilises software bots to automate routine and repetitive tasks to increase business productivity, challenging how businesses operate. It sounds incredibly
The EQT Mid Market Europe Fund (EQT Mid Market) today announced that it is partnering with co-founders Josef Wildgruber and Uwe Behr to invest in BBS Automation.
BBS Automation is a provider of flexible and high-quality automation solutions for complex manufacturing and testing processes. The company develops, builds and installs high-quality automated systems for a wide range of industries and requirements. With more than 600 employees across production sites in Germany, China, Malaysia and the US, BBS Automation partners with blue chip customers on a global scale.
EQT Mid Market intends to leverage its long-term experience in the Industrial
Honigman has appointed Norbert Knapke as a partner in the firm’s Chicago office. He will serve as a member of the Corporate department and Private Equity practice group.
Knapke’s practice focuses on counselling private equity firms and operating companies on various transactional matters, such as acquisitions, recapitalisations, divestitures, financings and governance. He joins Honigman’s Chicago office from Kirkland & Ellis, where he worked on matters ranging from private and public target acquisitions, growth equity investments, initial public offerings, structuring executive compensation plans and debt financings.
“Norbert is an outstanding legal mind and a terrific example of the top tier
Tikehau Capital has acquired a stake in Filiassur to support the company’s expansion and growth in Europe. Tikehau is investing EUR30 million in the firm, a leading French direct distributor of personal insurance.
Filiassur was founded in 2007. Following a period of rapid growth in France driven by its expertise in designing and marketing innovative niche insurance solutions, it now has 300,000 policyholders. Filiassur operates in a market with a large untapped potential: ageing populations and the progressive roll-back of social security systems mean that demand for tailored personal insurance solutions now far outstrips supply.
Tikehau Capital’s investment will
ACA Compliance Group (ACA) is to acquire Cordium, a provider of governance, risk and compliance (GRC) services. The financial terms of the transaction, which is expected to close this summer, subject to regulatory approvals, have not been disclosed.
The complementary strengths of both firms will ensure that clients will have access to the highest calibre regulatory consultancy services and technology – and will serve as the springboard for further product innovation and global expansion. The acquisition also will expand ACA’s services in Europe to include Cordium’s regulatory hosting platform, Mirabella, and a post-Brexit EU office.
Robert L Stype, CEO
Advent Capital Management has appointed Alex von Ziegesar as managing director of business development, reporting to Kris Haber, the firm’s Chief Operating Officer.
Von Ziegesar will be responsible for marketing a variety of traditional and alternative strategies in the US institutional channel.
“We’re extremely excited to welcome Alex to the Advent family, where we continue to see a need and demand from institutional investors for innovative traditional and alternative strategies given rising volatility and climbing interest rates,” says Haber. “Given his experience working across various asset classes, as well as his ability to form lasting business relationships, Alex will
Alternative investment firm Angelo, Gordon & Co has selected Intapp Terms to track and manage side letters, limited partnership agreements (LPAs) and other investor contracts.
Angelo, Gordon’s investor relations and compliance teams will use AI-assisted technology from Intapp to categorise the terms specified in each LPA and side letter as new clients are on-boarded, and then employ Intapp Terms to search and check individual investor requirements, and efficiently ensure compliance with those requirements.
The Intapp Professional Services Platform will also automate alerts to relevant employees or departments when information needs to be disclosed to investors, or when any other
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