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The joint owners of Switzerland-based Unilabs, private equity funds Apax Europe VI, Nordic Capital Fund VI and Apax France VII, have accepted an offer from Apax IX, advised by Apax Partners, for the acquisition of their respective stakes in Unilabs.
Financial terms of the transaction have not been disclosed.
Under the new ownership structure, Unilabs will be able to continue to pursue its M&A strategy and be at the forefront of the ongoing consolidation of the European laboratory space.
The transaction marks the successful completion of the joint ownership between funds advised by Apax Partners, Nordic Capital and
Increasing interest from investors to allocate more capital into women owned and managed funds, coupled with public support from industry leaders, is spurring optimism for women in alternative investments, according to KPMG.
For its report, 2016 Global Women in Alternative Investments Report: The Time is Now: Real Change, Real Impact, Seize the Moment, KPMG surveyed and interviewed nearly 800 women professionals and industry leaders within the alternative investments sector, across hedge funds, private equity, venture capital and real estate in North America, UK, Europe, Asia Pacific and Latin America.
The majority of survey respondents believe North America offers
Scottish Equity Partners (SEP) has completed its exit from Skyscanner, following the formal completion of the company’s GBP1.4 billion sale to Ctrip, a Chinese online travel services provider.
SEP, which was Skyscanner’s largest shareholder, owned approximately one third of the Edinburgh-headquartered travel search company and made its initial investment back in 2007.
At the time, Skyscanner employed less than 30 people, had revenues of approximately GBP1 million and focused on budget airlines in Europe.
It now has over 800 employees and is one of the top online travel brands in the world, serving 60 million monthly active users
Noerr has advised long term client Foodpanda on the sale of Russian food delivery company Delivery Club to Mail.Ru Group, one of Russia’s largest Internet companies.
Mail.Ru Group will acquire 100 per cent of Delivery Club in an all cash transaction. The total deal value is USD100 million. The deal is not subject to any third party approvals.
Delivery Club is the leading player in the growing Russian internet food delivery market. It currently has over 4,500 connected restaurants with the number of daily orders reaching 20,000. In H1 2016 net revenues were RUB296 million.
Mail.Ru Group, listed
November was Assetz Capital's best month ever with GBP26 million worth of capital flowing through the peer-to-peer (P2P) platform.
Assetz Capital, launched to the public in early 2013, aims to help British small and medium sized businesses and property developers with their funding requirements.
To date over GBP185 million has invested through the platform, typically earning investors gross rates of return between 3.75 per cent and 15 per cent per annum.
Each of the businesses receiving funds through Assetz Capital has provided tangible assets to provide security for P2P investors while mitigating risks.
As a result, Assetz
It is difficult for investors to compare loan-based and investment-based crowdfunding platforms with each other or to compare crowdfunding with other asset classes due to complex and often unclear product offerings, the Financial Conduct Authority (FCA) says.
The regulator also says it is difficult for investors to assess the risks and returns of investing on a platform.
The FCA has given an update on the post-implementation review of the loan-based and investment-based crowdfunding market.
The FCA’s earlier call for input raised a number of issues for discussion and the statement provides a first response to the feedback received
Apollo Global Management has appointed Gary W Parr as a senior managing director and co-chairman of the firm’s management operating committee.
Parr (pictured) reports to Joshua Harris, co-founder and co-chairman of the management operating committee.
“We are thrilled to welcome Gary to Apollo, and we believe he will be an outstanding addition to our senior leadership team,” says Harris. “He is one of the most respected executives in the financial services industry, and we expect to benefit from his deep expertise and relationships in the sector as Apollo continues to grow its business.”
Parr says: “Over the course
Private equity firm CVC Capital Partners has entered into final exclusive negotiations with Advent International to acquire Corialis (Core Innovative Aluminium Integrated Solutions).
Founded in 1984 and headquartered in Belgium, Corialis is a European supplier of aluminium profile systems for windows, doors, sliding elements, roof systems and conservatories.
The group has global reach with significant operations in Belgium, France, the UK and Poland.
The terms of the transaction, which requires workers’ council information and consultation and is subject to the approval of relevant market authorities, have not been disclosed.
Marlin Equity Partners’ portfolio company QualiTest Group, a software testing and quality assurance specialist, has appointed Sanjay Jawa as group chief financial officer (CFO).
Jawa brings over 25 years of financial management expertise to the executive team, with extensive experience in senior, financial and operational roles for international growth firms, with a particular focus since 2000 in private equity backed businesses. This includes building finance and infrastructure teams, raising debt and equity capital, and growing both organically and through the acquisition and integration of numerous businesses around the world.
His industry experience has focused on technology, media, telecom, financial
Two investment teams from Allianz Investment Management (AIM), part of Allianz Group, are to join AllianzGI’s expanding global private debt platform.
Alongside Sound Harbor Partners, the US private credit manager AllianzGI announced it was acquiring last week, these new teams will form the core of a broad private debt platform within the firm’s alternatives segment.
From 1 January 2017, Allianz’s Munich-based corporate loans team, headed by Thomas Schneider, and the Westport-based US private placement team, headed by Charles Dudley, will join AllianzGI’s global investment platform.
On joining AllianzGI, the two teams will continue to manage money for Allianz
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