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The Russian Direct Investment Fund (RDIF) has made an investment in Geropharm, a Russian pharmaceutical company, specialising in restoring brain function and the treatment of diabetes.
This investment utilises the mechanism designed to promote the development of companies with significant export potential.
The proceeds will be used by Geropharm for the construction of a high-tech full-cycle production complex in St. Petersburg as well as to the development of new drugs and exports. The new facility will enable the company to significantly increase production volumes.
Geropharm is included in the list of the most promising domestic pharmaceutical companies. In
- 17/06/2016
Beacon Rail Leasing, a Pan-European rolling stock lessor, has closed on the acquisition of Ascendos Rail Leasing, a European locomotive and rolling stock leasing company, having received clearance from the German competition authorities.
The combined Beacon and Ascendos portfolio includes 225 locomotives and over 1,000 freight wagons on lease in the UK, Scandinavia, Belgium, the Netherlands, Poland and Germany, 55 passenger train units on lease in the UK and Germany, 67 double decker coaches on lease in Denmark, and 13 sets of Mark 5 coaches which will be operated by TransPennine Express in the UK.
Commenting on the closing, Ted
- 17/06/2016
The European Fund and Asset Management Association (EFAMA) held it’s Annual General Meeting in Malta on 16 and 17 June, with regulatory and market activity taking centre stage.
Hosted by the Maltese Funds Industry Association (MFIA), the AGM provided an opportunity for EFAMA members to discuss the investment and regulatory landscape and to exchange views with representatives from the European Commission and the Maltese Financial Services Authority.
The AGM marked the end of a first year under the mandate of EFAMA President Alexander Schindler, Member of the Executive Board of Union Asset Management Holding AG. During this time, the
- 17/06/2016
The value of European assets could be severely impacted should Britain take the decision to leave the European Union (EU) according to a survey of almost 1,500 global dealmakers involved in mergers and acquisitions (M&A).
The survey carried out by Intralinks, reveals that 65 per cent of M&A professionals believe the value of European assets will be negatively impacted if Britain voted to leave Europe. This has wider implications on the European economy, particularly major economies such as Germany, which heavily rely on cross-border deals from China.
In the survey, 76 per cent of global dealmakers stated a British
- 17/06/2016
Revlon is to acquire all of the outstanding shares of Elizabeth Arden for USD14.00 per share in cash, representing an enterprise value for Elizabeth Arden of approximately USD870 million.
By bringing together two highly complementary, iconic brand portfolios, Revlon says it will benefit from greater scale, an expanded global footprint, and a significant presence across all major beauty channels and categories, including the addition of Elizabeth Arden’s growing prestige skin care, color cosmetics and fragrances. The combination will leverage Revlon’s scale across major vendors and manufacturing partners, improving distribution and procurement. Cost synergies of approximately USD140 million are expected to
- 17/06/2016
NES Financial’s private equity fund administration business has expanded its New York City operations with the hire of Justin Flanagan as Managing Director.
With over 20 years of experience in the financial sector, Flanagan joins NES Financial from Markit, where he was recently head of Midwest sales and account management for five years. Prior to that, he held multiple roles at Thomson Reuters and began his career in fixed income trading before moving into software sales at Marvin Software.
NES Financial provides an independent, comprehensive, and compliant institutional-quality fund administration solution for managers of private equity funds, enabling them to
- 17/06/2016
LogicMonitor, a Software-as-a-Service (SaaS) delivered end-to-end IT infrastructure monitoring platform, has secures a USD130 million investment from Providence Strategic Growth (PSG), the growth equity affiliate of private equity firm Providence Equity Partners.
The investment will be used to continue LogicMonitor’s global market expansion as the leading modern IT infrastructure performance monitoring solution that will displace legacy and premise-based monitoring systems in complex and agile environments.
LogicMonitor is disrupting the IT infrastructure space with its extensive on-premise, cloud, and hybrid datacenter monitoring capabilities, all in its one SaaS platform. Its extensive monitoring capabilities enable its customers to prevent performance degradation and
- 17/06/2016
The Seattle office of global law firm K&L Gates has appointed Christopher J (CJ) Voss as a partner in the corporate/M&A practice. Voss joins K&L Gates from Stoel Rives LLP, where he practiced for more than 20 years.
Previously an attorney/advisor with the Office of the Chief Counsel for International Commerce at the US Department of Commerce in Washington, DC, and an associate at Linklaters in Brussels, Belgium, Voss counsels senior management and boards of directors of public and private companies on mergers, acquisitions, financings, and other strategic transactions. He also advises entrepreneurs and emerging growth companies on business formation
- 17/06/2016
Energy Access Ventures (EAV) has announced a USD2 million investment as part of a USD7.5 million round in PEG – an off-grid solar pay-as-you-go (PAYG) company operating in Ghana.
The partnership with PEG is EAV’s second investment and represents the start of its investment activity in West Africa. After a Series A-1 round of USD3,2M closed in September 2015, EAV led a USD4.3 million Series A-2 round, joined by Blue Haven Initiative. Existing investors Engie Rassembleurs d’Energie and Investisseurs & Partenaires also participated in the round. The funding will be used to expand operations in Ghana, build out the management
- 17/06/2016
- 17/06/2016
Product development firm Cambridge Consultants, part of the Altran group, is to acquire Synapse.
The acquisition will allow for the combined firms to create one of the world’s largest product development companies with significant presence on both coasts of the US. This acquisition, combined with Cambridge Consultants, will grow the Innovative Product Development activity revenues of Altran by 50 per cent by the end of 2016 (on a proforma basis), and fits within Altran’s ‘2020 Ignition’ strategic plan under which Cambridge Consultants is aiming to double its scale and enhance its geographic reach in the US and Asia.
From its
- 17/06/2016
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