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Synerlab has raised an additional EUR160 million in debt from its current partner ICG and Goldman Sachs.
21 Centrale Partners took over Synerlab in December 2013, with the support of Ardian, to create a pan-European CDMO (Contract Development and Manufacturing Organisation).
Over the past four years, Synerlab Group’s sales have grown by 30 per cent.
The new debt financing comprises several lines, giving the Group the means to refinance its current debt, finance its future investments and continue its external growth strategy, in particular through two strategic acquisitions abroad, which could be finalised in the coming months.
Sadis & Goldberg has appointed Richard L Shamos (pictured), as a member of the firm’s Financial Services Group.
Shamos has extensive experience advising financial services companies on the structuring, regulation and distribution of investment funds and brings a depth of experience in investment products and European fund structures, having designed UCITS and AIFs for an array of strategies, including various equity, fixed-income and multi-asset funds, as well as liquid alternatives and multi-manager fund structures.
“Richard brings the right mix of legal talent, pragmatic business sense and entrepreneurial vision we want for our clients,” says Ron Geffner, a member of
Altitude Partners has launched Altitude Two, a capital growth focused private equity fund designed to benefit investors with investments qualifying for two significant HMRC reliefs: Business Property Relief and Investor Relief.
The fund is rapidly approaching its first close target. Overall, the fund is looking to deliver a final close of GBP20 million by the end of the year.
Altitude Two follows the principles of Altitude’s first fund with a geographical focus on the south, and a unique investment model into the equity gap. The professionally managed fund benefits from the rigour and focus provided by an advisory panel
Barings has acted as mandated lead arranger of senior secured credit facilities to support the acquisition of UK insurance brokerage Lark Group by Bowmark Capital-backed Aston Scott.
The combination of Aston Scott, a leading provider of commercial insurance products to small and medium-sized enterprises in the UK market, and Lark’s specialised capabilities will create one of the UK’s top 20 independent commercial insurance brokers and employee benefits practices with 600 staff placing more than GBP250 million in gross premiums from 18 offices across the UK.
In addition to senior secured unitranche funding, Barings is also providing a committed acquisition
Private equity firm MidOcean Partners is to sell Water Pik, a producer of branded oral health products and replacement showerheads, to Church & Dwight Co, a specialist in personal care, household and specialty products under the Arm & Hammer brand name and other well-known trademarks, for approximately USD1billion in cash.
The transaction is expected to close in the third quarter of 2017, subject to customary closing conditions and regulatory approvals.
Water Pik is the No1 water flosser brand and the No1 replacement shower head brand in the US. Water Pik’s branded oral health business offers a complete line of
Peer-to-peer (P2P) finance platform Assetz Capital has appointed Ian Craig as a Regional Relationship Director in Scotland. He will be responsible for helping local Scottish businesses acquire finance through the peer-to-peer platform and ensure borrowing with Assetz Capital runs seamlessly.
Craig brings with him a wealth of experience from working in the Scottish SME Banking team for Bank of Scotland as a Relationship Director, where he managed business client relationships across all sectors, helping customers deliver their strategic goals through his experience, support and the delivery of great funding packages. In his role at Assetz Capital, Ian will work alongside the rest
The world’s largest 100 alternative asset managers saw assets under management increase by 10 per cent in 2016, rising to USD4.0 trillion, according to the 2017 edition of Willis Towers Watson’s Global Alternatives Survey.
The survey, which captures long-term institutional investment trends by seven main investor groups across ten alternative asset classes, showed that of the top 100 alternative investment managers, real estate managers have the largest share of assets (35 per cent and over USD1.4 trillion), followed by private equity fund managers (18 per cent and USD695 billion), hedge funds (17 per cent and USD675 billion), private equity funds
3i Group (3i) has sold Mémora, an Iberian funeral services company, to Ontario Teachers’ Pension Plan (Ontario Teachers’) in a deal worth GBP117 million. This compares to a valuation of GBP86 million at 31 March 2017.
Mémora was founded in 2001 and is headquartered in Barcelona. It is a leading funeral services player in the Iberian market, with a total of 115 parlours, 24 crematoriums, 13 cemeteries and 91 retail outlets in the Iberian Peninsula. It has a leading position in Barcelona as well as in other regional markets in Spain and Portugal, and a strong foothold across its remaining
Three Hills Capital Partners has added three new hires to its team – Joe Jefferies, Arjan Blok and Ravi Savjani, who come from Montagu, Vitruvian and Apax respectively.
Jefferies joins THCP as an Investment Manager, having spent four years at Montagu Private Equity focused on the UK market. Prior to his experience at Montagu, He was previously at JP Morgan Cazenove in Corporate Finance.
Before joining THCP as a Senior Associate, Blok was at Vitruvian Partners for two years as an Associate in the Benelux and UK investment teams. Prior to Vitruvian, he was in Corporate Finance at Morgan
Private equity fund manager YFM Equity Partners (YFM) has invested GBP3 million in Friska Limited (Friska), a Bristol based chain of food-to-go restaurants offering ‘feel good food’ throughout the day.
The funding will be used to support the roll out of the brand into new cities across the UK.
This investment was made by the British Smaller Companies Venture Capital Trusts alongside ongoing support from Santander.
Friska was founded in 2009 by Griff Holland and Ed Brown, trading from a single site in central Bristol and based on a founding principle of delivering ‘feel good food’ made from
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