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Schönes Leben Group, a subsidiary of independent private equity company Waterland, has purchased Ulm-based care specialist compassio, the operator of 28 care homes for elderly people with 3,058 spaces in southern Germany.
The acquisition has taken the recently established Schönes Leben Group on its first steps towards becoming an outstanding platform for retirement care, new ways of living for older people and innovative packages for retirees from the age of 65. Care specialist compassio generates revenue of around 110 million euros and forms the first strategic pillar.
“We can clearly see that customers’ aspirations in this market are undergoing
AMP Capital has increased its stake in the Victorian Desalination Project (VDP) on behalf of investors in its Community Infrastructure Fund (CommIF).
VDP was delivered as a public private partnership (PPP) and is the largest desalination plant in the Southern Hemisphere. It is a rainfall-independent source of drinking water and capable of supplying up to 150 gigalitres a year, which is approximately one third of Melbourne’s annual water consumption.
CommIF has bought a 4.55 per cent stake in VDP from Suez, taking AMP Capital’s share of VDP to 9.75 per cent. CommIF took out a 5.2 per cent stake
Waterfall Asset Management has appointed Gene Weil and John Nelligan to launch and oversee the creation of a new financial services/specialty finance focused private equity platform, which will operate under the name Waterfall Milestone.
Weil and Nelligan were co-founders of Milestone Advisors, and for the past approximately five years, Weil was the Co-Head and Nelligan was a Managing Director of Houlihan Lokey’s financial institutions group. Between 2004 and 2016, investment banking teams led by Messrs. Weil and Nelligan were ranked No. 1 for all US specialty finance transactions based on the number of deals, according to SNL Financial.
The new
Silverfleet Capital, a Pan-European private equity firm that specialises in buy-to-build, is o acquire a majority stake in Riviera Travel, a specialist holiday operator offering a global portfolio of escorted tours and cruises.
Terms of the deal, which is expected to close shortly, have not been disclosed.
Founded in 1984 and based in Burton-on-Trent in the UK, Riviera is a leading operator of escorted tours with a focus on the over 55s market. The Company provides European tour holidays, river and ocean cruises, city breaks, and long-haul tours with varied itineraries combining leisure with education and entertainment. Riviera continues
By George Ralph, RFA – As a technologist, it’s apparent to me that the road to success lies with digitisation, but it can be hard to bring a traditional industry into the digital age. The alternative investment industry is one which is still heavily reliant on tried and tested and partially manual processes throughout the front and back office. However, I think we’ve reached a tipping point whereby not digitising, or using technology to best effect is actually harming profits, and increasing the levels of risk that a firm is exposed to.
From a simple improving efficiency perspective, technology can
Pace, a London startup that uses machine learning and dynamic pricing to maximise hotels’ revenues and occupancy, has secured a GBP2.5 million seed investment led by InterGlobe, with participation from Seedcamp, Speedinvest and Amadeus Capital Partners.
Managing hotel occupancy and room prices has been a long-running challenge for the hotel industry. During the low season, average occupancy can fall as low as 62 per cent in many markets, while at other times, demand far exceed hotel capacity. This imbalance in supply and demand costs the industry up to USD100 billion every year, as inventory is wasted and hotels fail to
LBO France is to acquire Crouzet, a specialist in customised switches, electric actuators and automated systems for critical applications, from InnoVista Sensors, a company owned by PAI Partners, The Carlyle Group and Schneider Electric.
The transaction has already received a favourable opinion from the relevant works council and remains subject to customary regulatory approvals. The transaction is expected to close by early 2018.
Founded in 1921 and today comprising approximately 1,200 employees, the Company serves diversified end-markets, including aerospace and industry, transportation, energy & infrastructure and other industries, through 3 principal production sites (France, Morocco and China). In 2016,
Investec Growth & Acquisition Finance (GAF) has provided a funding package to support the merger of Troika Talent Agents and James Grant Group (‘JGG’), a provider of management and professional services to the sports, music and entertainment sectors.
The GAF team previously supported the management buyout of JGG in 2014 by Metric Capital, a pan-European private capital fund manager that invests alongside management teams to support their strategic growth plans.
The deal with Troika was JGG’s fourth transaction of 2017. GAF has previously supported the activity with Deckstar, 10 Management and Top Marque Sports during the year.
London-based
Nexus Technologies (NexusTek) has completed its recapitalisation by Abry Partners. Drake Star Partners acted as the exclusive financial advisor to NexusTek on the transaction.
Founded in 1996, NexusTek is an award-winning provider of managed IT services across the client lifecycle. NexusTek delivers Cloud solutions, Managed IT Services, and Application Consulting to more than 1,200 small and midsize businesses based in Denver, Arizona and across the Front Range. Utilising a customer-centric approach, NexusTek recommends the best technology to meet current and future needs, implements the recommended solution, and manages the ongoing operation of those systems.
Prior to the transaction, NexusTek
Allianz Global Investors (AllianzGI) and Allianz Capital Partners (ACP) are joining forces to extend the range of investment expertise available to AllianzGI’s broad global client base.
From 1 January 2018, ACP will become a discrete entity under the umbrella of AllianzGI. ACP and AllianzGI will jointly develop an investment offering for external clients, based on ACP’s long-proven expertise and investment processes. ACP will continue to provide their offering to Allianz Group companies and their clients. Jürgen Gerke, CEO of ACP, will report to Andreas Utermann (pictured), CEO of AllianzGI.
Utermann says: “We are delighted to be extending our client
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