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Advent International has agreed to sell its 93.29 per cent interest in Devin, a producer and distributor of bottled water in Bulgaria, to Spadel, a European family-owned company specialising in the production of natural mineral water, spring water and natural fruit drinks.
The transaction values Devin at a EUR120 million enterprise value and is subject to the approval of the Bulgarian Commission for Protection of Competition.
Founded in 1992 and based in Sofia, Devin bottles and sells a wide range of products including mineral water, spring water and table water. Together with its national network of distribution partners, the
Munich-based industrial holding company Adcuram Group has acquired 98.57 per cent of luxury kitchen manufacturer Poggenpohl Möbelwerke, based in Herford (Northrhine-Westfalia).
The transaction with the previous majority shareholder, Swedish-listed Nobia, which was signed on 19 December 2016, is still subject to customary regulatory approval.
Poggenpohl, known for its Porsche-Design products, generates annual revenues of around EUR110 million and employs 500 staff. The origins of Poggenpohl date back to 1892 when the company was founded as Germany’s first kitchen brand. Since 2000 Poggenpohl has been majority-owned by Swedish listed corporate Nobia.
“With Poggenpohl, we acquire one of the globally
Innova Capital Partners and Fondo de Capital Privado de Emprendimiento e Innovación (FCP) have teamed up to make an investment into ERCO Energía, an engineering, procurement and construction (EPC) firm specialised in photovoltaic projects in Colombia.
The joint investment will provide capitalisation for the construction of ERCO solar projects in the region.
Colombia has exceptional non-conventional energy resource potential like solar, wind and biomass. Solar is among Colombia’s most abundant resources given its proximity to the equatorial zone, yet solar wide spread solar installation in the commercial and industrial sector is still in its infancy stage.
Solar EPC firms such
National law firm Setfords Solicitors has secured a GBP3.75 million investment from BGF (Business Growth Fund) to support its expansion plans.
The funding will be used for investment in digital marketing, technology enhancements and the recruitment of additional legal consultants.
Founded in 2006 by Guy Setford, the company has grown into a nationwide firm with over 160 consultant lawyers and a 60-strong infrastructure team based at its Guildford head office.
Setfords was the first business in the UK to roll out the consultancy network model across all major areas of law including property and family law. Over the
Stirling Square Capital Partners, a pan-European mid-market private equity firm, has acquired AD Industrie, a French manufacturer of complex, critical sub-assemblies and components for the aerospace, defence and energy markets.
AD Industrie was acquired for an undisclosed amount from majority owner Ingefin (a family holding company), and minority investors BPI France and GE Capital.
AD Industrie is headquartered in Paris and generates revenues in excess of EUR200 million. It employs more than 1,500 people across manufacturing facilities in France, Tunisia, and Morocco.
Since its creation in 2004, AD Industrie has developed unique capabilities in machining, sheet metal work,
Volution Group, a supplier of ventilation products to the residential and commercial construction markets, has acquired the entire share capital of Breathing Buildings.
The deal provides an exit for the company’s previous backers including MMC Ventures.
Breathing Buildings is based in Cambridge, UK and was formed in 2006 by Dr Shaun Fitzgerald from a collaboration between Cambridge University and Massachusetts Institute of Technology.
Since then, Breathing Buildings has developed its own hybrid ventilation technology niche for the UK commercial ventilation market and is now a UK market leading designer, manufacturer and supplier of energy efficient, intelligently controlled natural
Independent trust, fund, real estate and corporate services provider First Names Group has promoted Karen O’Hanlon to managing director of its Singapore business.
The appointment is effective immediately.
O’Hanlon will lead the team in Singapore, continuing to build on the foundations developed over her last two years as director with First Names Group.
O’Hanlon has nearly 30 years of global experience providing trust services to corporates and family businesses.
“Karen is a highly experienced professional who I am certain will be an invaluable asset as we continue to attract new business and deepen our footprint in the
UK peer-to-peer (P2P) finance platform Assetz Capital has lent a record GBP105 million to UK businesses in 2016 to date.
Experiencing increasing growth during the year, including a final quarter when it lent as much as in the whole of 2015, Assetz Capital is now providing secured loans of GBP25 million per month to businesses.
According to independent data tables, the business is now the third largest business P2P platform in the UK.
Aimed at helping British small and medium sized businesses and property developers with their funding requirements, to date GBP191 million has invested through the platform,
Affiliates of Xura, a provider of digital communications services, are to acquire Mitel Mobility, a division of Mitel Networks and Ranzure Networks.
Mitel Mobile, formerly Mavenir Systems, is a provider of Voice-over-Long-Term Evolution (VoLTE), Voice-over-WiFi (VoWiFi), video, Rich Communication Services (RCS), messaging, radio access and packet core solutions.
Ranzure, founded by former Mavenir Systems CEO Pardeep Kohli, is an early-stage venture focused on developing 5G Cloud Radio Access Network (RAN) technology.
The Xura board of directors has appointed Pardeep Kohli, formerly CEO of Mitel Mobile’s predecessor Mavenir Systems and co-founder and CEO of Ranzure Networks, to succeed Philippe
LPA, in association with Toullec Solicitors, has advised Bluecom Group, an e-commerce solutions provider in Asia-Pacific, on the sale of 100 per cent of its share capital to Dentsu Aegis Network, a provider of media, digital and creative communications services.
Established in 2012, Bluecom specialises in designing and implementing e-commerce consulting, platforms and solutions of multi-channel online stores for medium to large, international, B2B and B2C companies across Asia Pacific.
With regional offices in Hong Kong, Shanghai, Singapore and Ho Chi Minh City, Bluecom has clients in Greater China, Japan, South Korea, Southeast Asia and Australia/New Zealand.
Bluecom
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