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Private equity firm Doughty Hanson’s Doughty Hanson & Co III and Doughty Hanson & Co V have agreed to sell their stakes in LM Wind Power, a manufacturer of wind blades, to GE for an enterprise value of EUR1.5 billion.
The acquisition is valued at 8.3 times 2016 forecast EBITDA. The transaction is expected to close in the first half of 2017 subject to regulatory approvals.
Originally founded in 1940 as a furniture manufacturer, LM Wind Power has evolved into one of the leading players in the production of blades for wind turbines. LM Wind Power has a global
Vistra has played a key role in the acquisition of Thomson Reuters' IP and science business by Baring Private Equity and Onex Partners for USD3.55 billion.
All 64 Vistra offices were involved across 41 distinct jurisdictions. Vistra was able to help overcome complexity and provide integrated corporate secretarial and governance assistance during the transaction.
Arjan Schaapman, group managing director international expansion/corporate and private clients, says: “Vistra was delighted to assist with such a significant transaction. The co-operation between the 64 offices in 41 different jurisdictions allowed us to fit the individual needs of our clients irrespective of the scale
Recruitment financing provider Sonovate has raised GBP14 million in a Series B funding round led by Global Founders Capital, the investment vehicle of Rocket Internet, and supported by Dawn Capital.
Comprising GBP9 million in equity and GBP5 million in debt funding, this round of investment follows the GBP20 million funding round announced in February this year in a Series A round led by Dawn Capital with debt funding provided by Shawbrook Business Credit.
Richard Prime and Damon Chapple, former directors of a FTSE 250 recruitment agency, launched Sonovate in 2014 as an alternative to the traditional invoice finance on
I Squared Capital’s ISQ Global Infrastructure Fund has entered into an agreement with Duke Energy to purchase 100 per cent of Duke Energy International’s Latin American businesses, excluding Brazil, for USD1.2 billion enterprise value.
Duke Energy International (ex-Brazil) is a power generation and transmission company in Latin America, operating across Peru, Chile, Ecuador, Central America and Argentina.
With over 2,300 megawatts of hydro and thermal generation, 730 kilometres of 220kV transmission lines and natural gas processing facilities, the portfolio is one of the largest privately owned electricity generation companies in Latin America and has significant market share in several
The introduction of compulsory flexible working hours would open the floodgates to more women working in the UK financial services industry, according to Sturgeon Ventures, a regulatory incubator firm.
Sturgeon has submitted four pledges to HM Treasury’s Women in Finance Charter, which has been released by the UK government this week.
Sturgeon is also launching a campaign for the government to initiate tax breaks for those start-up companies in which women account for at least half of senior management.
Seonaid Mackenzie, managing partner at Sturgeon, says: “There are many women all across the UK with a tremendous amount
Monroe Capital has acted as sole lead arranger and administrative agent on the funding of a senior term loan to support the acquisition of The Worth Collection by private equity sponsor New Water Capital.
Based in New York, Worth is a direct-to-consumer luxury and contemporary women’s apparel business.
The company designs and sells two distinct brands, Worth New York and W by Worth, through a multi-channel distribution model consisting of appointments at a Worth representative’s, or “stylist’s” home, exclusive company-owned showrooms, and various travel trunk shows throughout the country and online.
Plans for business growth among SMEs are holding firm despite the economic and political uncertainty that has unfolded over the last year, according to Hitachi Capital’s quarterly British Business Barometer.
The last 12 months have felt like a roller coaster ride for many firms in the UK. The pound hit the lowest it has been in 30 years and there is understandable uncertainty around the political situation.
However, SMEs are showing resilience and their plans on how to grow their company have stayed the same.
Hitachi Capital Business Finance asked 1,123 of the UK’s SMEs what one thing
Equistone-backed Mecaplast Group, a supplier of plastic components for the automotive industry, has entered into an agreement to purchase Key Plastics Corporation, a manufacturer of automotive interior, exterior and under-the-bonnet plastic components.
Through the transaction, Mecaplast Group will expand its presence in key markets such as the US, Germany and China, and diversify its customer portfolio.
The combined Mecaplast and Key Plastics groups will service all major global automotive manufacturers from facilities in virtually every major international market, offering its customer base a broad portfolio of product capabilities.
Closing of the transaction is subject to approvals by competition
Arma Partners has acted as exclusive financial adviser to Five Arrows Principal Investments on its investment in White Clarke Group, a provider of end-to-end automotive and asset finance technology solutions.
Founded in 1992 and headquartered in Milton Keynes, UK, White Clarke Group delivers its mission-critical "CALMS" software and consulting services to more than 100 auto finance, asset finance and lending organisations across 30 countries.
Employing over 400 people, White Clarke Group has experienced strong new win momentum over the last several years, with global roll out across Europe, North America and Asia.
Five Arrows Principal Investments will seek
JZ Capital Partners (JZCP), a London listed fund that invests in US and European micro-cap companies and US real estate, has realised two of its investments, Southern Petroleum Laboratories (SPL) and Metpar, for a combined USD11.5 million.
JZCP received proceeds of USD8.4 million from the sale of SPL, a provider of oil and gas measurement and laboratory services, which is approximately the company’s carrying value.
JZCP also received warrants for approximately USD0.5 million on day one value in the new buyer as well as a dividend of USD1.3 million from SPL in July 2015.
JZCP received proceeds of
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