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Demeter Partners and Emertec Gestion are to merge, creating a European private equity player dedicated to the energy transition, environmental and innovative materials sectors.
The firm will have EUR800 million assets under management and 120 companies financed in 10 years.
Stéphane Villecroze, managing partner of Demeter Partners, says: “We are pleased to carry out this transaction with the help of Emertec Gestion’s institutional shareholders (BPI France, CEA Investissement, Caisse d’Epargne Rhône Alpes). The common values, the mutual trust and the complementary skills of the teams of Demeter and Emertec are key advantages. We are convinced that together we will
Inflexion Private Equity has appointed Daryl Cohen as an investment director within the partnership capital team, focused on minority investing.
He starts with immediate effect.
Cohen has over 10 years’ investment experience in the UK and Western Europe, completing numerous transactions, add-on acquisitions and refinancings across a range of sectors and businesses.
Most recently at Vision Capital, his transaction highlights included the acquisition and IPO of Nordax Bank in Stockholm, as well as the acquisition of Bormioli Rocco and disposal of its various divisions; he held directorships at both businesses.
Prior to this, Cohen spent time at
Venture capital firm Draper Esprit has acquired a 30.77 per cent stake in Elderstreet Holdings, the holding company of Elderstreet Investments, with an option to acquire the balance of the Elderstreet shares in due course.
Elderstreet is a UK venture capital trust (VCT) manager. It manages Elderstreet VCT which currently has assets in excess of GBP25 million.
Elderstreet provides early stage, development and growth capital for ambitious UK businesses, in most industry sectors with a focus on software and computer services. In 2014, it won the Investment Company of the Year Awards and was VCT Fund Manager of the
Patricia Moore, (pictured) UK Head of Infrastructure for Turner & Townsend, has commented on the infrastructure points raised in the Autumn statement.
“Infrastructure is clearly still a priority, with Philip Hammond reaffirming that it’s a powerful way of driving broad-based economic growth. We were never expecting a blank cheque, given the huge pressures of Britain’s debt, but to have an outline of funding for specific projects together with the establishment of a working assumption of 1-1.2 per cent GDP for investment planning is a positive move to provide the longer term certainty that our industry craves.
“The successive greenlights for
Zarvic Brothers has launched the Vero Fund which is aimed at providing investors with broad exposure to a portfolio of alternative private equity investments managed by experienced partners, such as commercial real estate and merger arbitrage strategies.
The new Vero Fund is based on the same Zarvic strategy which has produced an annualised return of 36 per cent on recent years.
The fund’s strategy seeks the long-term capital appreciation associated with private equity with a lower risk profile.
To date, liquidity and other structural and regulatory challenges have made it more difficult for individuals to gain exposure to
Private equity firm Wellspring Capital Management has completed its acquisition of Hoffmaster Group, a North American manufacturer of disposable tableware, from Metalmark Capital.
Financial terms of the deal have not been disclosed.
“We would like to thank the Metalmark team for its dedicated support over the past five years,” says Rory Leyden, chief executive officer of Hoffmaster. “Metalmark’s expertise and strategic counsel have been integral to our success as a market-leading North American designer, manufacturer and supplier of decorated, premium disposable tableware. Looking forward, we are excited to welcome our new partnership with Wellspring as we begin to collaborate
The Fund Incubator, an early stage venture capital fund manager previously known as Caledonia Capital Managers, has completed its buyout by a team lead by Stephen Geddes and Barry Lawson, two private equity veterans, who take full control of its day to day investment and fund management activities.
Francis Madden, the former CEO of Caledonia, says: “We have worked with Stephen and Barry for many years on fund raisings and when they approached us about the buyout we saw them as natural successors. We are pleased that they will be using the company as a base for developing a more
Law firm Paul Hastings has advised HSBC, Lloyds and ING in relation to a new revolving credit facility which will replace Brammer’s existing financing upon Advent International acquiring the company.
The proposed acquisition of the company by Advent International will proceed via a scheme of arrangement.
Brammer is a London-listed supplier of maintenance, repair, and operations products serving more than 100,000 clients in a wide range of manufacturing sectors across Europe.
The Paul Hastings team was led by London partner Luke McDougall, with associates Richard Kitchen and Alon Blitz assisting.
Noerr has advised Passauer Neue Presse (PNP) on its purchase of the Donaukurier publishing group, effective 1 January 2017.
Passauer Neue Presse is continuing its expansion course with this takeover.
In the past few years, PNP has already taken over newspapers in southern Bavaria. The present transaction is still subject to clearance by the Federal Cartel Office in Germany.
The Passauer Neue Presse newspaper, which on weekdays has a total circulation of some 165,000 copies, is part of the Passau publishing group, one of the largest publishers of regional daily newspapers in Europe. The publisher regularly relies on
Mid Europa Partners, a private equity firm focused on Central and South Eastern Europe, is to acquire 100 per cent of shares in Profi Rom Food, the largest supermarket chain in Romania, from Polish Enterprise Fund VI.
This is the largest deal ever completed by a private equity firm in Romania and the largest retail deal in the country’s history. The transaction is subject to anti-trust clearance and is expected to close in Q1 2017.
Profi is a modern retail network with the widest geographical spread in Romania, having a strong presence in almost 250 cities, smaller towns and
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