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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
Seyfarth Shaw has appointed Andrew Hough as a partner in the firm’s corporate department in Atlanta.
Hough joins Seyfarth from Ballard Spahr where he was a partner in its Atlanta office. While there, he was a member of the business and finance, mergers and acquisitions/private equity, transactional finance, securities, life sciences and technology practice areas.
Hough advises financial and strategic clients regularly on general business matters, domestically and internationally, with a focus on mergers and acquisitions, private equity, venture capital, and outsourcing transactions. His clients operate in a wide variety of industries, including food and beverage, technology, communications, health
Independent investment bank Zeus Capital has appointed a five strong natural resources team as it looks to tap into new markets and diversify its existing sector offering.
Zeus Capital’s new team will focus on mid and small-cap clients across both public and private markets, and brings together experience from across the oil and gas and metals and mining sectors.
Rob Collins will head up the newly formed team, with more than 15 years’ experience in the metals and mining, oil and gas and oilfield services sectors. During this time, Collins has led numerous capital market transactions, including IPOs across
New State Capital Partners has closed its first institutional investment fund, New State Capital Partners Fund, and associated parallel commitments, with USD131 million in committed capital.
Investors include pension funds, foundations, family offices and funds.
New State, which has in excess of USD370 million of assets under management, seeks to invest between USD10 million to USD45 million of equity per deal with an average of USD30 million. The firm targets investments in the healthcare services, business services, and industrials sectors.
“We are humbled by the strong response to our latest institutional investment fund, and believe that our investments
New Heritage Capital, a Boston-based private equity investment firm specialising in founder-owned businesses, has invested in The Execu|Search Group, a recruitment, temporary staffing and workforce management solutions provider with expertise in healthcare and financial services.
The transaction will be structured using Heritage’s Private IPO solution. Execu|Search will retain operational control of the company, and the existing management team will remain in place.
Execu|Search is a provider of full-service staffing solutions throughout the Northeast and Florida. The company serves clients across a broad range of industries. The company has grown significantly above the industry average rate and will continue to
Mademoiselle Desserts, a French producer of frozen pastries backed by Equistone Partners Europe, has acquired Quality Pastries, a Dutch producer of chilled and frozen pastries for retailers, restaurants and home service companies.
Mademoiselle Desserts (formerly Européenne des Desserts) employs circa 1,000 people across its six production facilities in France and the UK and covers 75 per cent of the French industrial pastries market.
The group recorded revenues of more than EUR175 million in 2015, with its main customers including major French and UK retailers such as Carrefour, Leclerc, Marks & Spencer, Picard, Brioche Dorée, Pomona and Brake.
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London based private investment boutique DeBere Capital Partners has appointed Dirk Huelsermann as London partner, to strengthen investments in the technology sector and manage international investor relations.
Huelsermann joins DeBere alongside his position as trustee and managing director of his family office.
Huelsermann started his investment career on the institutional side, where he ran the private equity and venture capital arm of a blue chip company. During that time he delivered the company's biggest joint venture in mobile adtech, which exited at a 30x return.
DeBere managing partner Richard Evans says: “I am delighted to welcome Dirk to
CVC Capital Partners’ portfolio company Ahlsell, a Nordic distributor of products within heating, ventilation and air conditioning, plumbing, electrical, and tools and supplies, is to launch an initial public offering (IPO) of its shares on Nasdaq Stockholm.
For the 12 months ended 30 June 2016, Ahlsell generated net sales of SEK23.2 billion, adjusted EBITA of SEK2.0 billion and operating cash flow of SEK2.1 billion.
In order to further support Ahlsell’s strategy and continued evolution based on organic growth and M&A, with 51 acquisitions since 2003, the company’s principal shareholder CVC funds, the board and the management team consider a
Drooms has launched its new virtual data room Drooms NXG, an intuitive platform designed to increase automation of due diligence processes, for example within the framework of mergers and acquisitions, real estate transactions and IPOs.
As digitisation rises so too does the potential for individual users to benefit from underlying working processes. The new virtual data room facilitates real-time document translation directly in the data room in addition to carrying out an automatic red flag analysis.
A key objective of due diligence is identifying major risks. These are known as “red flags”. With the initial release of an auto
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