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Innova Capital, a CEE private equity fund, is to acquire almost 75 per cent in the Polish seating manufacturer Profim.
The transaction is expected to close in Q2 2017, after clearance by the Office of Competition and Consumer Protection (UOKiK). The parties have not disclosed the value of the transaction.
Two of the founders of Profim, including its CEO Ryszard Rychlik, will continue as shareholders.
It is the 10th such founder succession transaction executed by Innova Capital in recent years. A similar model of cooperation was deployed by the fund in other investments, including Dom Finansowy QS,
YOPA, the hybrid estate agency, has raised GBP15 million in a Series B round of funding, led by Daily Mail and General Trust (DMGT).
The round included funding from Grosvenor Hill Ventures, the proprietary investment arm of Savills.
YOPA operates a network of 75 local estate agents across the UK and plans to double this number by the end of 2017. The company’s hybrid model enables customers to sell their property for a fixed fee of GBP839 with the use of its online platform. Industry experts predict that online and hybrid estate agents could handle up to 50
Thomson Reuters has launched the SIA Bookbuilding application on its flagship desktop platform Eikon, offering sell-side professionals a new fully integrated application for the IPO syndication and distribution process.
SIA Bookbuilding is available through App Studio, Eikon’s third-party development platform.
With SIA Bookbuilding, developed by SIA, investment banks can directly manage deals such as initial public offerings, follow-ons and convertible bonds by exploiting simultaneously Thomson Reuters investor ownership data, league tables, news, and a wealth of research and analytics.
The availability of both financial data and execution functionality on one platform creates an effective integrated transaction workflow
Private equity house Key Capital Partners (KCP) has acquired a majority stake in Plymouth-based Construction Materials Online (CMO) which operates retail sites supplying DIY builders and small building contractors.
KCP has backed the MBO of the GBP25 million revenue firm, which employs 40 staff and has grown sales through its RoofingSuperstore.co.uk, DrainageSuperstore.co.uk and InsulationSuperstore.co.uk websites by 55 per cent in the last 12 months.
The investment, led by Mike Fell, Philip Duquenoy and James Excell of KCP’s London team, is the second from KCP’s new fund and marks its 16th investment since the private equity firm launched in
Aptean, a provider of enterprise software solutions to more than 6,500 customers world-wide, has acquired Apprise, a provider of enterprise resource planning (ERP) and supply chain management (SCM) solutions for importers and distributors of consumer goods.
Apprise provides cloud and on-premise ERP and SCM software solutions for financial management, CRM, distribution, demand planning, and warehouse and transportation logistics management capabilities.
“Apprise has built a comprehensive set of industry-focused enterprise software solutions and a reputation for great customer service and experience,” says Kim Eaton, Aptean CEO. “We look forward to working with the Apprise team to build on their
Actis’ newly created wind platform Echoenergia has acquired 100 per cent of two operating wind farms in the north east of Brazil, from Brazilian premier wind developer Casa dos Ventos.
The two wind farms, with contracted 20-year PPAs, total 346MW. Tiangua, located in Ceara state, has an installed capacity of 130MW and Sao Clemente, located in Pernambuco state, has 216MW.
The acquisitions are seed assets for Echoenergia, the fifth such energy platform that Actis has built in Latin America.
Michael Till, co-head of Actis Energy, says: “This is an important building block that underpins Actis’ focused strategy
L Squared Capital Partners, together with Longview Asset Management, has partnered with Oracle management to recapitalise the company.
Financial terms of the transaction have not been disclosed.
Oracle represents L Squared’s sixth platform investment over the last three years. Founded in 2004 with 22 branch locations across 13 states, Oracle is the largest independent provider of elevator maintenance, repair, and modernisation services across all major brands of equipment. L Squared’s investment provides a long-term capital base to support the company’s national expansion strategy through both de novo branches and acquisitions.
“Oracle is pleased to partner with the
Beechbrook Capital, a specialist direct lender, has completed two further investments from its most recent fund, Private Debt III.
Beechbrook managing partner Paul Shea says: “We are delighted to have added to the portfolio, investing alongside two high-quality private equity funds. Deployment continues to be on track as we approach the final close of the fund later this year.”
The fund has provided a mezzanine loan and equity co-investment to support H2 Equity Partner’s acquisition of Search Consultancy, a UK recruitment business which provides both temporary and permanent staff.
Patrick Kalverboer, managing partner, H2 Equity Partners, says:
Arma Partners has strengthened its senior team with the appointments of Mark Rodrigues and Dr Friedrich Froeschl as senior advisers in New York and Munich respectively.
Rodrigues has over 30 years’ experience in the global technology and financial services industries as an executive, investor and consultant, and currently holds several board positions with international fintech companies and advisory roles at venture capital and private equity firms focused on the sector.
Previously, Rodrigues was a global managing director and leader of strategic customers and solutions at Thomson Reuters, where he was responsible for managing the USD2.9 billion global revenue
Peer-to-peer (P2P) lending platform TWINO has released the first ever Alternative Lending Index (ALI) in conjunction with KPMG.
The report compares lending environments across Europe over the period 2010- 2016.
The ALI uses information gathered from the European Central Bank and Eurostat, as well as the central banks of the countries outside the Euro area. The index provides a scale from 0 to 10 and is higher for countries that have a higher credit gap, lower probability of getting a loan, or more stringent loan issuance criteria – in other words, where the alternative lending market can fill
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