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Calculus Capital, a private equity fund manager and Enterprise Investment Scheme and VCT provider, has sold its investment in Human Race, a UK mass participation sports company, to Amaury Sport Organisation (ASO).
ASO is the company behind Le Tour de France, the Schneider Electric Marathon de Paris and many other European sports events.
Human Race organises more than 30 mass participation events in the UK, including the London Winter Run, Windsor Triathlon and the new VitalityMove events run in partnership with Olympic champion Jessica Ennis-Hill.
More than one million participants have taken part in events organised by one
Law firm Paul Hastings has advised the Weber family on the sale of a majority interest in Weber Automotive to the independent private equity fund Ardian.
The transaction was signed after undergoing a competitive bidder process in which Ardian emerged as highest bidder.
The parties have agreed not to disclose the economic details of the transaction, which is subject to the approvals of antitrust authorities.
Given the global activities of Weber Automotive and its subsidiaries in Europe, the US and Asia, the further involvement of the Weber Family post-closing, and a very strong international tax and real estate
Management and technology consultancy Brickendon has merged with Spaarks, a software consultancy specialising in rapid technology-led business solutions.
The merger is expected to grow the combined business by 150 per cent over the next 12 months. The combined group will have an expanded range of solutions to further support clients in the financial services market.
Since Brickendon launched in 2010, the company has achieved 200 per cent growth per annum. It recently opened an office in New York City.
By consolidating its services with Spaarks, Brickendon will gain new global opportunities, including a foothold in Australia’s financial services
Omnia has entered the UK retail investor market with the launch of a new bond proposition – the Omnia Corporate Bond – which will provide the Swiss investment house with an alternative source of finance to fund its investment activities.
Omnia says the bond also creates an opportunity for investors seeking an attractive rate of income, or with an appetite for new investment solutions, to share in an exciting new private equity model, whilst enjoying a highly competitive and fixed rate of return.
Launched by Omnia Bonds plc, a UK-based subsidiary of Omnia Private Equity, the five-year asset-backed bond
Investment firm Fundamental Asset Management, specialists in the AIM market, reports that despite a quiet month for new issues, the market has seen strong performance in share prices for many companies.
Fundamental’s Chris Boxall says that new issue activity on AIM virtually ground to a halt in September with only one genuine new arrival Aura Energy, an Australian based uranium company. With eight cancellations there were only 1,000 companies listed at the end of the month. Yet despite the declining numbers the overall market capitalisation of AIM continued to surge higher (GBP82.98 billion from GBP80.57 billion in August) with strong share
BioVentures Investors has held the closing of its fourth fund at USD87 million.
The Wellesley, Massachusetts, venture fund will invest in high-value-added medical technology enterprises (MedTech) such as medical devices and diagnostics.
The fund’s focus is on technology with the potential to provide important benefits to patients, physicians and healthcare institutions, as well as significant returns to investors.
The fund’s management includes BioVentures Investors founders Marc Goldberg and Peter Feinstein; Jeff Barnes, managing director and partner; and Walter Gilbert as senior partner. Goldberg will serve as managing partner.
Since its initial close, Fund IV has made four
International law firm Simmons & Simmons is expanding its financial markets practice with the addition of Paola Leocani and Nicholas Lasagna, who join the firm’s Milan office as partners from White & Case.
Leocani (pictured) is recognised as one of Italy’s leading capital markets lawyers and is ranked in Band 1 by Chambers for debt capital markets in Italy. Her practice focuses on debt and securitised derivatives, liability management transactions and equity capital markets.
Lasagna advises clients on a broad range of bank finance and capital markets transactions, including leveraged finance, acquisition finance, bond private placements, syndicated loans and
KKR and TowerBrook are acquiring a minority stake in cloud provider OVH for EUR250 million of growth capital.
The funds will allow OVH to take advantage of the expanding market for cloud and internet infrastructure services, while also broadening its customer base and services in new geographies.
The Klaba family will retain the majority stake in the company and will continue, together with OVH management, to lead the company, its strategy and operations.
The infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) markets are expected to continue to grow rapidly, driven in large part by the exploding demand for cloud services.
Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of ProPharma Group by private equity sponsor Linden Capital Partners.
Founded in 2001 and based in Overland Park, Kansas, ProPharma is a provider of outsourced medical information, pharmacovigilance and regulatory compliance consulting services to customers in the pharmaceutical, biotechnology, and medical device industries.
The company has grown to a global organisation operating five contact centres across the US, Europe and Australia.
ProPharma serves a customer base which includes many of the world’s largest and well-known biopharmaceutical
International aircraft leasing business Avolon, a wholly owned subsidiary of Bohai Capital, is to acquire the aircraft leasing operations of CIT Group, creating a business with an owned, managed and committed fleet of 910 aircraft valued at over USD43 billion.
The transaction is subject to customary closing conditions and required regulatory approvals and is expected to close in the first quarter of 2017.
Avolon chief executive Dómhnal Slattery says: “From a standing start we will have built Avolon into a leading global player in six years. We are delighted to announce an agreement to acquire the CIT aircraft leasing platform. It is a
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