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Rutland Partners has completed the sale of Millbrook Group to Spectris for GBP122 million.
The disposal from Rutland Fund II realises for investors a return of over six times its investment.
Millbrook was acquired from General Motors for an undisclosed sum on 2 October 2013. It is a test, validation and engineering service provider for the automotive, transport, tyre, petrochemical, security and defence markets.
Established in 1968, Millbrook is located at the heart of the UK automotive and fuels industries. The business owns a 665-acre site offering extensive test and validation facilities which complement over 45 miles of
Tikehau IM’s Novo 2 fund has underwritten EUR8.5 million of a EUR25 million private placement financing for homecare services provider Bastide, arranged by Société Générale.
Bastide is a family-owned group founded in Nîmes, France in 1977 which is active in the homecare services market in France, Belgium and Switzerland through three businesses: Homecare Assistance, Nutrition Infusion and Respiratory Assistance.
Bastide distributes products by selling and renting nursing beds, wheelchairs and rollators, and offers services such as installation and maintenance of medical devices.
In addition to the company’s organic growth, its acquisitions since 2010 have boosted its development.
GamCrowd.com has launched a free-to-access, technology-focused online service, which is set to be the home of innovation and ideas for the gambling industry.
The hub will provide a single location where start-ups, growth companies, early-stage investors and entrepreneurs can access ideas and follow the progress of firms in the gambling industry as they grow from start-up through to a successful exit.
An industry-first, GamCrowd will fill a gap in sharing ideas and information by bringing together a community of companies and thought leaders. It will generate news, features and discussion about tech innovation and development within – and pertinent
STAR Capital has acquired a majority stake in Globalways, a Stuttgart-based IT services and infrastructure business.
The investment is the second made by the STAR III Fund, following the acquisition of Synergy Health Management Services in July 2016.
STAR, in partnership with the founders and management team of Globalways, will commit around EUR60 million of growth capital to build a regional data centre business in Germany.
The continued growth in internet usage is driving an increasing need for data storage, distribution and access requirements while demanding the latest standards in IT security. This is happening at the same
Private equity fund manager and Enterprise Investment Scheme and venture capital trust specialist Calculus Capital has sold its holdings in AIM-listed Horizon Discovery.
The average exit multiple for sale of the shares was 1.82x, constituting a tax-free return of over 160 per cent to investors, when factoring in initial income tax relief of 30 per cent.
Calculus’s holding period in Horizon Discovery was three years and three months, representing an efficient investment-to-exit time line. The minimum holding period for a company’s shares to qualify for income tax relief through the Enterprise Investment Scheme is three years.
Horizon Discovery
BGF (Business Growth Fund) has made a GBP2 million investment in data analytics company, MyLife Digital.
The investment enables MyLife Digital to accelerate the roll-out of its digital platform that connects organisations and individuals, allowing the consensual sharing of personal and professional data.
MyLife Digital currently operates two analytics practices, Wood for Trees and PGIR.
Wood for Trees manages the data of millions of donors and supporters to provide insights to more than half of the UK’s top 50 charities, including British Red Cross and Dogs Trust.
PGIR provides performance analysis services to elite international and professional
Inflexion Private Equity has promoted Mark Williams from investment director to partner with immediate effect.
Williams joined the investment team in 2011 and has been involved in a number of transactions including the firm’s investment in corporate travel company Reed & Mackay last month; the carve-out of Kynetec; and the GBP92 million buyout of Alcumus.
Williams sits on the board of all three companies.
He was also closely involved in the buyout and subsequent exit of CTC Aviation Group, one of the world’s largest independent pilot training companies, which generated a 3x return in May 2015.
In
Aquila Capital is expanding its advisory board with the appointment of Daniel Just (pictured), chairman of the executive board at Bayerische Versorgungskammer (BVK), Germany’s largest public pension fund.
Just has chaired the executive board at BVK since 2013 and previously headed BVK’s asset management division.
Under his tenure the pension fund established real asset investments as an integral part of its portfolio allocation and was one of the first signatories to the UN principles for responsible investment (UN PRI).
Bayerische Versorgungskammer is the competence and service centre for occupational and communal pension schemes. As a public authority of
Law firm Taylor Wessing has advised Rutland Partners on the sale of Millbrook Group to Spectris for GBP122 million, realising a return for investors of over six times their investment.
Taylor Wessing advised Rutland on the acquisition of Millbrook from General Motors in 2013.
The business, a test, validation and engineering service provider, owns a 665-acre site offering extensive test and validation facilities which complement over 45 miles of on and off road test tracks with a variety of surfaces, features and terrains.
Millbrook also acquired Test World in Finland in 2015, a deal on which Taylor Wessing
Ogier has appointed a new partner in its Luxembourg office to head its corporate practice.
Bertrand Geradin, whose appointment takes the firm’s 25-strong Luxembourg team to five partners, has more than 15 years’ experience with law firms in Luxembourg, Brussels, London and Philadelphia.
He specialises in corporate law advising private equity and real estate clients, asset managers as well as multinational companies.
Ogier is the only law firm with a presence in Luxembourg, Cayman, BVI, Jersey and Guernsey. The Luxembourg office was established in 2012 by founding partners Francois Pfister and Daniel Richards, and has since seen significant
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