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Law firm Stroock is representing Atlas Merchant Capital as co-lead investor in the pending acquisition of Talcott Resolution, the run-off life insurance and annuity division of The Hartford.
Total consideration to The Hartford of USD2.05 billion is comprised of cash, a pre-closing dividend, transferred debt, and a 9.7 per cent ownership interest in the acquiring company. The transaction will generate total value to The Hartford’s shareholders of approximately USD3 billion. The deal is expected to close in the first half of 2018.
Stroock’s deal team is led by insurance M&A partner Bernhardt Nadell, insurance tax partner Micah Bloomfield
Atrium Innovations is to be acquired by Nestlé from a group of investors including a company backed by the Permira Funds, Fonds de solidarité FTQ and Caisse de dépôt et placement du Québec, for USD2.3 billion in cash.
Atrium is a specialist in the development, manufacturing and commercialisation of innovative, science-based, natural health products, and nutritional supplements. Its brands and business model are complementary with Nestlé’s science-based nutritional solutions for consumers, patients, doctors, nurses and other partners in healthcare. With Nestlé’s significant resources, scale, breadth and capabilities, Atrium will continue to expand its brands and compete even more effectively in the
Bregal Freshstream has appointed Lodewijk de Graauw to the newly formed role of Head of Portfolio Operations, in which he will be responsible for working closely with the management teams of companies within Bregal Freshstream’s portfolio, helping them to develop and execute strategies in order to maximise their growth potential.
De Graauw joins the team following 14 years at global management consultancy Bain & Company, latterly as a Partner and Head of Bain’s EMEA turnaround practice.
During his time at Bain, he worked closely with management teams to help create value, mostly on multi-year transformation programs for companies across
Edison Partners has led a USD7 million growth investment in New York City-based VirtualHealth, a provider of population health and care management technologies. The company will use the funds to further develop its category-leading product suite and catalyse market growth.
As healthcare continues its transition to value-based models, VirtualHealth has established itself as the premier solution for risk-bearing entities and government-sponsored health plans. Since Edison’s initial investment in May 2016, VirtualHealth has experienced 400% revenue growth, 60% increase in customer base, and 5x growth in personnel. The company’s technology is leveraged by entities with more than 20 million lives under
Procare Software, a portfolio company of private equity firm TA Associates, and a specialist in child care management solutions, has completed an acquisition of KidReports, a provider of real time reporting technology and services to child care providers.
This strategic acquisition creates a “one-stop” solution designed to meet the complete management and parent communication needs of child care businesses and organisations.
The world’s largest provider of child care management software, services and hardware, Procare offers desktop and cloud hosted solutions that allow for automated collection of tuition, fees and other payments, as well as modules to track student attendance,
Alter Domus, a provider of Fund and Corporate Services to alternative investment managers, has opened two new offices in Spain; in Madrid and Barcelona.
Laurent Vanderweyen (pictured), Chief Executive Officer of Alter Domus, says: “The opening of these new offices in Spain, in important financial capitals, will strengthen the company’s platform in Europe and is a result of our commitment to continually broaden our international presence, and bring our high quality services to every jurisdiction within our expanding reach. Having Spanish-based offices will offer significant opportunities for us to target inbound and outbound investments in the Spanish and European economies.”
Funds advised by private equity firm Trilantic Europe have sold the their 25 per cent stake in Betty Blue to designer and entrepreneur Elisabetta Franchi, who as a result now controls 100 per cent of the share capital.
Trilantic Europe invested in the company in December 2013 and supported the company through an international growth process, based on retail development and the strengthening of its main collection .
The Elisabetta Franchi brand is distributed globally through a network of over 80 brand stores and more than 1,000 multi-brand stores.
Vittorio Pignatti-Morano , chairman and co-founder of Trilantic Europe,
United Ventures SGR, an independent Italian Venture Capital manager, has launched its second fund, UV2, having held its first closing at EUR75 million, higher than the total capitalisation of the firm’s first fund launched in 2013.
“UV2” aims to raise up to Euro 120 million during 2018 and its Anchor Investors will include leading institutional investors such as Fondo Italiano d’Investimento, the European Investment Fund, Banca Mediolanum, Banca Sella Holding and Fondazione di Sardegna.
United Ventures, founded in 2013 by Massimiliano Magrini and Paolo Gesess, invested over Euro 50 million with its first fund “UV1”, over five years in
Magnus Lilja is taking over the responsibility for leveraged finance at SEB in Germany effective 1 January, 2018.
Lilja has many years of experience in the business of leveraging private equity acquisitions. After working for KPMG and the Royal Bank of Scotland, he moved to SEB in Frankfurt in 2011. Since then, he has played a leading role in a number of leveraged buyout transactions in German-speaking countries.
Over the past year, SEB has become a leading financial partner for mid-cap LBO transactions in Germany. During this time, the Leveraged Finance team has grown to six specialists. The team
Cebile Capital, a secondaries adviser and placement agent, has opened an office in New York as part of a wider North American expansion strategy.
Founded in 2011, Cebile has become one of the pre-eminent partners to mid-market private equity GPs for fund placements. It also advises buyers and sellers of private equity secondary interests.
Steven Westerback has joined Cebile as President, Head of the Americas. Steven brings extensive private markets experience, most recently having spent 10 years as a senior member of the Private Funds Group at UBS Investment Bank where he worked with a large number of institutional
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