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Payvision, a global merchant acquirer and omnichannel payment provider, has sold 75 per cent of its business, announced today, in a strategic partnership with ING.
Payvision says the deal will help it accelerate its ambitious growth plans, extend its global network and broaden its payment product portfolio. Payvision is valued at EUR360 million.
Founded in 2002, in Amsterdam, Payvision is at the forefront of the payments industry and it has been growing at a very fast pace, registering a robust 66 per cent volume growth in 2017. With the launch of Acapture, a new, scalable, data-driven payment service provider, in 2015, Payvision aims
The corporate finance team at accountancy and business advisory firm BDO UK has had a record year of deals, completing 300 transactions in 2017, with a combined value of more than GBP18.5 billion.
Deal volumes for BDO have grown 23 per cent from 243 in 2016 to 300 in 2017, while deal value increased to GBP18.5 billion in 2017 – a 50 per cent increase on the GBP12 billion total last year and a 12-year high for the firm.
Transactions involving private equity also increased by more than 50 per cent from 79 deals (2016) to 120 (2017), with
Alternative investment manager Highland Capital Management has added two institutional business development professionals to its team – Laurie Whetstone as managing director, and Kieran Brennan as director.
The appointments have been made in anticipation of increased opportunities in distressed credit.
The firm currently operates stressed and distressed credit strategies within various portfolios across the platform. Highland established a dedicated distressed private equity fund during the last credit cycle, focusing on control-oriented investments in senior secured loans of companies in complex distressed situations. Capitalising on opportunities that arose from the aggressive issuance of non-investment grade debt in the years prior,
Cevian Capital has today completed the sale of its entire shareholding in AB Volvo to Nomura International (Nomura) and Barclays Capital Securities Limited (Barclays).
The sales comprises 88.47 million A-shares and 78.77 million B-shares, corresponding to 8.2 per cent of the company’s share capital and 15.6 per cent of the votes.
Nomura and Barclays have committed to sell the AB Volvo shares to Geely Holding, and Geely Holding has committed to acquire the shares following the receipt of necessary regulatory approvals.
Gide has advised ENGIE on the acquisition of Afric Power and Tieri, two companies specialising in energy services in West Africa.
Based in Côte d’Ivoire, Burkina Faso, Mali and Niger, Afric Power and Tieri employ over 140 people who specialise in the design, installation and maintenance of electrical systems and automated control mechanisms in West Africa. In acquiring Afric Power and Tieri, ENGIE gains a strong local foothold to boost its development in energy services in Central and West Africa.
Through this acquisition, ENGIE will implement a regional platform to offer energy services (installation and maintenance) to secondary and
Shearman & Sterling has advised private equity firm Marlin Equity Partners on debt financing in relation to Marlin’s acquisition of a majority stake in social media analytics company TalkWalker. The financing consisted of a New York law governed term loan and revolving credit facilities.
Marlin Equity Partners is a global investment firm focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its
Silknet has acquired Geocell, the second-largest mobile operator in the Republic of Georgia, after reaching an agreement with Geocell’s shareholders, Telia Company and Turkcell.
The acquisition, which values Geocell at USD153 million, will be financed through a combination of debt – a syndicated loan arranged by TBC Bank with other Georgian and regional banks – and equity. The transaction creates a major convergent telecom operator in the Republic of Georgia, combining the assets of the country’s largest fixed-line company, Silknet, with the mobile telecommunication activities of Geocell.
Georgian consumers can expect significant benefits from the combination, thanks to new
Marc Wursdorfer has joined UBS as a Managing Director and EMEA Head of the Private Funds Group.
Wursdorfer brings a wealth of experience in private equity fundraising and secondary advisory having joined us from Credit Suisse, where he spent 15 years, initially in investment banking both in Zurich and London before joining the Credit Suisse Private Funds Group in 2008.
He was responsible for capital raising throughout the Nordics in addition to sourcing primary fundraising and secondary opportunities.
Wursdorfer will report to Kevin Kuryla, Global Head of Private Funds Group in addition to Javier Oficialdegui, Head of CCS EMEA.
Angelo, Gordon & Co, an alternative investment firm focused on credit and real estate investing, has appointed Ryan Mollett as Global Head of Distressed Debt.
Mollett was most recently a Senior Managing Director of GSO Capital Partners LP, the global credit investment platform of Blackstone, where he focused on distressed and special situation investing. Mollett will report to Josh Baumgarten, Angelo, Gordon’s co-Chief Investment Officer.
Michael Gordon, Chief Executive Officer and co-CIO at Angelo, Gordon, says: “Distressed debt investing has been a core element of Angelo, Gordon’s investment strategy since the firm began nearly 30 years ago. Ryan is
Specialist mortgage business, Enra Group, has acquired master broker Vantage Finance.
Enra, an Exponent Private Equity portfolio company, has purchased the master broking business from management and existing private equity backer, Chiltern Capital, as part of the Group’s growth strategy. Vantage will sit alongside existing master broker Enterprise Finance in the Enra portfolio, to strengthen the Group’s position in specialist mortgage broking.
The Vantage operation will continue to service existing broker and client relationships at their current location, in the same way, with the existing team, name, and core values. At the same time, the business will benefit from
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