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Mourant Ozannes has advised CTBC Bank Co on certain senior loan facilities in connection with the USD800 million acquisition of Tricor Holdings Limited, a provider of integrated corporate services, by Trivium Investment Limited (Trivium).
Trivium is ultimately controlled by global private equity firm, Permira.
Completion of the transaction was subject to the satisfaction of certain regulatory closing conditions, which required Mourant Ozannes to also advise with respect to detailed provisions of the BVI regulatory regime.
Lead Mourant Ozannes Partner, Simon Lawrenson, says: “This was a complex transaction and an excellent example of the strength of our global banking
Orrick has advised Atomico, the venture capital firm founded by Skype co-founder Niklas Zennström, on their investment in the USD90 million Series B financing of Lilium.
Founded in 2015, Lilium is a Bavarian developer of the world’s first fully electric vertical take-off and landing jet.
The financing was led by Tencent and also included LGT and Obvious Ventures. It brings Lilium’s total capital raised to more than USD100 million. Atomico previously invested USD10 million in Lilium’s Series A financing in December 2016.
Lilium will use the financing for the development of the five-seat Lilium Jet that will fly
Private investment firm Littlejohn & Co has agreed to sell Newgistics, a provider of technology-enabled parcel logistics to the e-commerce and direct-to-consumer retail industry, to Pitney Bowes (PBI) for approximately USD475 million.
Since being acquired by Littlejohn in 2013, Newgistics has undergone a period of tremendous growth, including: greater than 50 per cent increases in both revenue and EBITDA; substantial investments in software development, new product launches, automation and overall expansion of the network; developing international capabilities, now the Company’s fastest growing segment of business; successfully implementing management succession plan and making key hires in marketing and fulfilment; and fully
Intralinks, in partnership with Global Fund Media, has conducted a global survey of Limited Partners (LPs) to examine how investors view the General Partners (GPs) they currently allocate to.
The survey provides statistics and trend analysis on a number of themes including how alternative investment remains a key component of investors’ portfolios, the rise of direct investing and co-investment interest, the importance of the level of transparency LPs receive from their fund managers, regulatory pressures facing the market today, and the impact GDPR will have not only on European fund managers, but on any global fund manager with European investors.
Global alternative asset manager The Carlyle Group (NASDAQ:CG) is to acquire French insurance software vendor Prima Solutions, in partnership with its management team.
The transaction is expected to close on 30 September, 2017, subject to approval from the relevant authorities. Carlyle Europe Technology Partners III, a EUR657 million Carlyle fund focused on European technology, media and telecommunications (TMT) companies, will make the investment. Financial terms are not disclosed.
Prima Solutions is a French software vendor that designs, develops and markets software exclusively for insurance providers. Founded in 2000 by Hugues Delannoy, co-founder of the Assurland.com insurance comparison website, Prima
Created in April 2017 as an independent Private Equity firm, Essling Capital has hired the funds of funds team of Amundi Private Equity Funds.
The team, led by Jean-Yves Lagache, includes Nizar Chayeb as Investment Director, and, as Senior Investment Managers, Cédric Cabarrus and Sandra Saad. Thanks to a strong expertise built over ten years, the team will offer investments vehicles and specialised mandates, mainly in Private Equity and Private Debt.
Essling Capital now consists of 17 investment professionals who manage approximately one billion euros and offers, thanks to the Funds of Funds team arrival, another investment solutions alongside
Muzinich & Co has hired Simon Males as Managing Director, Head of Institutional Business, effective this winter.
In this newly-created role, Males will be responsible for the growth and development of the firm’s UK institutional client base and consultant relationships and will report directly to George Muzinich, Chairman and Chief Executive Officer.
“I am delighted to be joining such a well-established and respected corporate credit specialist,” says Males. “Public and private debt will remain integral to institutional client portfolios. Pension funds, insurance companies and other institutional clients will continue to seek out solutions-oriented providers offering fixed income diversification and
Global performance improvement solutions provider GP Strategies Corporation has acquired certain assets and the business of CLS Performance Solutions Limited (CLS), an independent provider of Enterprise Resource Planning (ERP) end user adoption and training services in the United Kingdom.
CLS will operate as part of GP Strategies’ Performance Readiness Solutions group effective September 1, 2017. This acquisition will extend GP Strategies’ ability to deliver ERP systems training and user adoption services in the United Kingdom and throughout Europe.
Deborah Ung, Executive Vice President of GP Strategies’ Performance Readiness Solutions group, says: “We have a long history of partnering with CLS
FRP Advisory, the business advisory firm, has appointed Mark Naughton as a Partner to lead Corporate Finance in its Bristol office and focusing on major regional cities across the South West and Wales.
Prior to joining the FRP Advisory, Naughton led Grant Thornton’s Corporate Finance Team in the South West and Wales where he built an excellent reputation for achieving exceptional results for clients.
Naughton brings over 20 years of corporate finance experience and deep-rooted connections both within the Bristol and wider South West and Wales business communities. He will be working with a range of industries and investors including
Funds managed by Foresight Group have provided a GBP40 million secured loan note facility for Reward Finance Group Limited.
Leeds headquartered Reward is an independent lender which provides secured loans to UK-based SMEs seeking more flexible finance, more promptly than mainstream lenders can deliver. Reward’s bespoke funding solutions take multiple assets as security, enabling the Company to provide short to medium term loans or invoice discounting facilities to support companies in a variety of different situations.
Founded in 2011 by the joint managing directors Tom Flannery and David Jones, Reward has delivered year on year growth in its loan
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