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White Oak Global Advisors and its affiliates have sourced arranged and provided a cornerstone commitment, alongside early commitments from funds advised by Permira Debt Managers, and HIG WhiteHorse, for a EUR164 million Senior Financing to support the acquisition of Getronics by strategic investor Bottega InvestCo.
Getronics is a leading player in the ICT services sector in Europe, with strong positioning within medium to large-sized enterprises and with public institutions. The Lenders were involved at an early stage of the process, coordinating their diligence with Bottega and management, and structuring a bespoke solution for the new owner/operator, while focusing global resources
By George Ralph (pictured), RFA – The aptly named WannaCry cryptoworm, is working its way around the world, encrypting data and demanding ransom payments in the cryptocurrency, bitcoin.
The attack was global in scale, and brought parts of the NHS to a standstill, along with Telefonica in Spain, FedEx, Deutsche Bahn and LATAM Airlines, to name a few.
For financial services firms, WannaCry is a wakeup call, because although the sector seems to have escaped relatively unscathed, so far, the next attack is just around the corner, and:
1) WannaCry has all the signs of an amateur attack.
Form3, a cloud-based, end-to-end, secure platform for global payments processing, has secured a strategic investment from Barclays, the Angel CoFund and several individual investors who have joined the existing shareholders in raising USD5 million.
This latest funding will be used to continue building on Form3’s momentum in the UK and expand services across Europe and North America.
Form3 will use this round of funding to continue expanding its API based Payments-as-a-Service platform to offer clients real-time and interbank payment types. In addition to the current offering for UK Faster Payments, Bacs, CHAPS, SEPA and SWIFT, Form3 will launch SEPA
Activa Capital and Bpifrance have sold their stakes in Nexeya, a French group specialised in the design and manufacture of mission-critical electronic systems for major industrial companies primarily in the defence, aeronautics, space, energy, railway and automotive sectors.
After having substantially reinvested, Nexeya’s management now holds a majority stake in the group.
The operation, led by Nexeya managers Jean-Yves Rivière, Philippe Gautier, and Jérôme Giraud, gives the group’s management a 75 per cent majority stake in the company. The management team plans to accelerate the company’s development by product innovation and international expansion.
Established in 1997, Nexeya works
KKR & Co has expanded its executive leadership team with the appointment of Joe Bae (pictured), and Scott Nuttall as Co-Presidents and Co-Chief Operating Officers and members of the firm’s Board of Directors.
Henry Kravis and George Roberts will continue to lead the firm they founded as Co-Chairmen and Co-Chief Executive Officers.
In their new roles, Nuttall and Bae will jointly be responsible for the day-to-day operations of KKR.
Henry Kravis and George Roberts, Co-Chairmen and Co-CEOs of KKR, say: “Today’s announcement is about the future and ensuring we have the right team and leadership structure to serve
CSM Bakery Solutions, a specialist in bakery ingredients, products and services, is selling its BakeMark business to Pamplona Capital Management.
The sale is part of CSM’s strategy to focus on its core business in Europe and North America, according to President and CEO Marianne Kirkegaard.
“We have always had great appreciation for the value of the BakeMark business but this sale will help us support our goal of further strengthening our core business in Europe and North America by focusing on our value added bakery products and ingredients portfolio,” she says. “Under Pamplona’s ownership, BakeMark can further strengthen its
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
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