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Advent International has submitted a legally binding, fully financed offer to purchase all STADA shares to the management board of STADA Arzneimittel Aktiengesellschaft at a price of EUR58 per share.
Advent is convinced that this offer comes with high transaction security and is in the best interest of the company, its shareholders and its employees.
The binding offer, as well as the decision to make a voluntary public takeover offer for all shares of STADA, are subject to approval by the management board of STADA.
The offer price corresponds to a premium of around 66 per cent compared to the
Snowden Lane Partners has formed a partnership with Artivest, a technology-driven investment platform that connects private equity and hedge funds to financial advisers and high net worth investors.
“As independent wealth advisers, we offer our clients access to an unsurpassed range of investment and advisory solutions,” says Rob Mooney, Snowden Lane’s managing partner and CEO. “With no proprietary products, we are free to search the world for the right investments that meet each client’s unique requirements. The Artivest partnership advances this mission. It gives our advisers additional investment options that preserve our independence. Most importantly, Artivest’s technology greatly simplifies the
Venture capital firm K2 Global has raised USD183 million in committed capital for a new fund.
K2 Global works with entrepreneurs in the mobile, e-commerce, fintech, AR/VR, artificial intelligence, autonomous vehicles, and machine learning realms.
K2 Global has invested USD58 million in over 10 companies to-date, including Magic Leap, Spotify, Uber as well as start-ups like Paktor, referred to as the Tinder of Asia.
A recent K2 Global investment, Paytm, recently crossed 150 million in user base and its daily transactions average seven million since November. Paytm is expanding globally, aims to launch in 16 countries and recently
The hedge fund industry may witness further investor redemptions in 2017 with twice as many investors intending to reduce rather than increase their exposure to hedge funds through the year.
However, Preqin’s latest survey of over 150 active hedge fund investors finds that some leading strategies are more at risk of redemptions than others. Relative value strategies hedge funds are most sought-after, while twice as many investors plan to reduce their allocations to CTAs as those that intend to increase them.
Two-thirds of investors say that their return expectations had not been met in 2016: just 3 per cent
Omnes Capital has sold its stake in Capcom to Circet, a French specialist in telecommunications infrastructure for telecoms operators.
This comes just a few months after the Omnes Croissance 4 midcap fund was closed at EUR210 million, allowing Omnes Capital to achieve a multiple of 2.6x.
This is the first exit for the Omnes Croissance 4 fund. Omnes acquired a stake in Capcom in 2015.
Capcom’s founder-managers have acquired a stake in Circet. Omnes Capital is investing in the new deal and has agreed to the fifth investment for Omnes Croissance 4.
Founded in 2001, Capcom provides
Idinvest Partners, a European SME investor, has opened a Shanghai office to support the growth of its portfolio companies in Asian markets.
The office will be led by Solomon Moos, corporate development Asia, who joined Idinvest in July 2016 from Allianz Global Investors.
Moos will be supported by three Chinese partners.
This marks the most recent milestone in Idinvest’s international development, coming shortly after the opening of a Frankfurt office earlier this month.
Idinvest’s Shanghai presence will facilitate the firm’s ability to help entrepreneurs find the right partners, build stronger ties and generate synergies with industrial, strategic
Maple Media, led by Los Angeles-based entrepreneurs Michael Ritter and Clark Landry, has raised USD30 million from Shamrock Capital.
Maple Media is a mobile media, advertising and technology company which acquires, manages and operates mobile applications in the utility, productivity, games and entertainment verticals.
Ritter was a founding employee at Jam City (formerly SGN Games) where he served as the SVP of business and corporate development and helped transform the business into a top global gaming studio. While at Jam City, Ritter spearheaded numerous M&A transactions, negotiated contracts with some of the largest mobile gaming companies in the world,
Monroe Credit Advisors (MCA) has placed USD13.25 million in senior credit facilities supporting LongWater Opportunities’ acquisition and subsequent merger of two domestic sock manufacturers, Standard Merchandising Company (SMC) and Fox River Mills (FRM).
Based in Pennsauken, New Jersey, SMC designs, manufactures and distributes several lines of branded and private label hosiery products, specialising in luxury women’s products and athletic and novelty socks.
FRM is an Osage, Iowa-based producer of high quality, knitted technical socks and handwear for the outdoor, athletic, and casual markets.
MCA acted as the exclusive financial adviser to LongWater and its management team in the
IGF, a commercial finance provider for SMEs, has made a trio of new hires across the UK.
Kelly Tighe joins as client manager on the firm’s invoice finance team; Aman Gill is regional sales director, also on the invoice finance team; and Mark Stainsby joins IGF Business Credit, the firm’s asset based lending arm, as client manager.
Joining the firm from Bibby Financial Services, Tighe will be responsible for managing IGF’s Invoice Finance clients across the north of England. She will be based out of the firm’s new North West office in Manchester. Tighe’s previous roles also include positions
Secondary deal volumes in 2016 were slightly lower than 2015, at USD37-40 billion, a result of a slow first half of the year caused by volatile public equity markets, low energy prices and macroeconomic concerns.
But as Cebile Capital’s annual ‘Secondaries Outlook’ report for 2017, reveals, activity levels rebounded in the second half of the year.
The secondaries market has become very popular with institutional investors, resulting in a record level of dry powder, at USD85 billion on a pre-leverage basis. Leverage remains readily available for market participants.
Considerable uncertainty appears to exist around the prospects for 2017,
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