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Vision Capital has realised a 5.2x return its investment in Nordax Group AB (Nordax), a niche bank in the Nordic region.
Vision Capital acquired a majority stake in Nordax in July 2010. During Vision Capital’s ownership, Nordax successfully implemented several important strategic initiatives to improve its business, including expansion into Germany and obtaining a banking licence from the Swedish FSA.
Nordax successfully listed on Nasdaq Stockholm on 17 June 2015 with the IPO several times oversubscribed and priced at the top of the range. Vision Capital sold down its remaining shareholding in Nordax in three tranches; in addition to the
HarbourVest Partners has appointed Tricia M Mackechnie as Chief Technology Officer and Managing Director.
In this new role, Mackechnie will be responsible for leading the firm’s Information Technology team globally, including IT infrastructure, application development, quality assurance and cybersecurity functions.
“Technology and cybersecurity are playing an ever-increasing role in the execution of our global business strategy, and the addition of Tricia to our senior team will allow us to continue enhancing our efforts to support the entire investment process and better serve our clients,” says John Toomey, Managing Director. “The complexity of our global technology infrastructure matches that of
Allianz Global Investors (AllianzGI) has made an investment on behalf of its clients into the Balko Wind project (Balko Wind), a 300MW installed capacity wind farm located in Beaver County, Oklahoma.
Affiliates of D E Shaw Renewable Investments (DESRI) own Balko Wind. AllianzGI provided funding to refinance Balko Wind’s existing bank financing. The transaction was executed as a “back-leverage” loan in order to tailor the solution to the structure that DESRI had in place.
This is the first infrastructure debt renewable energy investment made by AllianzGI in a project sponsored by DESRI. KeyBank, NA acted as Placement Agent and
Global law firm Reed Smith has advised Graphite Capital and Micheldever Group (MTS) on the acquisition of MTS by Sumitomo Rubber Industries (SRI), Japan’s sixth largest tyre manufacturer.
The sale was made for GBP215 million, 3.7 times the original investment made by Graphite in 2006.
MTS is the second largest distributor of car, 4×4 and motorcycle tyres in the UK. Graphite Capital is a leading independent private equity house focused on UK mid-market investments.
The team was led out of London by private equity partner Laura Brunnen and senior counsel Martin Bowen, who recently joined the firm’s London office from
OakNorth has completed a debt finance deal worth GBP8 million to ICP Nurseries Ltd. The OakNorth loan will be used to further support ICP Nurseries in acquiring leading nursery settings.
ICP nurseries is owned by the founder, Tracey Storey, and the private equity firm Innervation Capital Partners. Tracey has worked in senior positions within the children’s nursery sector for over twenty years. ICP Nurseries currently owns: Little Muffins in Chiswick, The Old Barn in Banstead, Childcare4U Marlow and Beaconsfield, and Little Monkeys in central Windsor and Windsor Park. In total ICP Nurseries looks after over 400 children, from 0 to
KKR has agreed to acquire Travelopia from TUI AG (TUI). The transaction is subject to customary closing conditions.
Travelopia, headquartered in the UK, is a specialist travel groups, providing customers with unique experiences, such as sailing adventures, tailor-made holidays, sports tours, school expeditions, private jet travel and polar expedition cruises. Travelopia has a large, international customer base of over 800,000 travellers each year and serves over 70 destinations globally through its 53 brands.
Mattia Caprioli, Member & Head of Services at KKR Europe, says: “The high-end experiential travel market is underpinned by attractive structural growth drivers. These include the growing
Frazier Healthcare Partners has expanded its investment team with the promotion of Philip Zaorski and the addition of Ryan Lucero to the firm’s growth buyout team.
“We are proud to recognise the achievements of Phil Zaorski with this well-deserved promotion,” says Ben Magnano, General Partner. “During his tenure with Frazier, Phil has proven himself to be an important member of our team and an invaluable resource for our portfolio companies. We are also thrilled that Mr Lucero has chosen to join Frazier as he is a well-respected professional with extensive experience in middle-market private equity. We look forward to the
Private equity firm Bregal Sagemount has made a majority investment in Single Digits, a provider of High Speed Internet Access (HSIA) management software and managed services to the hospitality, healthcare, education, transportation, retail, and office verticals.
Sagemount made the investment alongside Single Digits’ founders, Chief Executive Officer Robert Goldstein and President Stephen A Singlar. The transaction includes a substantial primary capital injection that will allow Single Digits to actively pursue its strategic acquisition and organic growth initiatives. No further terms of the transaction were disclosed.
"We are excited to formally begin our partnership with the Bregal Sagemount team, whom
Private equity firm 21 Centrale Partners has appointed François Barbier, currently Managing Partner, as Deputy General Manager to Chairman Gérard Pluvinet.
Barbier will be responsible for the implementation of the investment strategy for the fifth generation of 21 Funds in France, and will ultimately succeed Gérard Pluvinet when he joins the firm’s supervisory board in 2019.
In addition, Cédric Abitbol has been appointed as Advising Partner, in charge of Client Services and Best Practices. The role of Finance & Structuring Officer is handled by François Tranié, who has been at 21 Centrale Partners since 2006m while Jacques Rossignol, Managing
Alter Domus, a provider of Fund and Corporate Services to international private equity & infrastructure houses, real estate firms, private debt managers, multinationals, capital markets issuers and private clients is to acquire CARTA Fund Services in the US.
CARTA specialises in providing Private Equity focused, client driven, customisable reporting and administrative solutions for both general partner sponsors and institutional and sophisticated investors.
The firm was founded in 2013 by Michael Trinkaus as a spinoff of a Private Equity company and today counts a team of 28 experienced private equity trained professionals.
Laurent Vanderweyen (pictured), Chief Executive Officer of Alter Domus, says:
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