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Alternative investment firm HIG Capital has appointed Appu Mundassery as the company’s head of direct lending in Europe.
Based in London, Mundassery joined HIG in 2009 as a managing director.
With affiliates in the UK, France, Germany, Italy and Spain, HIG’s European direct lending team manages a portfolio of directly originated par loans to small and mid-size companies with EBITDA up to EUR25 million.
John Bolduc, HIG executive managing director who oversees HIG’s global credit platform, says: “Appu has done a terrific job helping us develop our direct lending business in Europe and under his leadership, I am
Gide has advised iBionext on setting up the firm’s management company and on structuring its first venture capital fund, iBionext Growth Fund.
The fund specialises in the investment in and development of healthcare start-ups.
iBionext Growth Fund has announced a first closing of USD52.5 million, with a target of USD112 million for 2017.
The fund has drawn interest from international investors, insurance companies and family offices, alongside the Biotech & Healthcare Acceleration Fund (FABS) operated by Bpifrance in the context of the Investments for the Future Program (PIA) managed by General Commissariat for Investment.
Gide’s team comprised partner
Audax Private Equity, together with its co-investors and management, has completed the sale of Laborie Medical Technologies to Patricia Industries, a part of Investor AB.
Headquartered in Mississauga, Ontario, Laborie Medical Technologies is a provider of medical devices for urological, pelvic health, and gastrointestinal applications.
The company’s products are used in the diagnosis and treatment of urinary incontinence and other urological and GI conditions. Laborie supplies physician offices, hospitals, and mobile providers on six continents.
Since Audax’ initial investment in 2012, Laborie has completed 14 acquisitions to expand product lines and enter international markets.
Young Lee, managing
Alternative asset investment firm HIG Capital has appointed Appu Mundassery as the firm’s head of direct lending in Europe.
Based in London, Mundassery joined HIG in 2009 as a managing director.
With affiliates in the UK, France, Germany, Italy and Spain, HIG’s European direct lending team manages a sizeable portfolio of directly originated par loans to small and mid-size companies with EBITDA up to EUR25 million.
John Bolduc, HIG executive managing director who oversees HIG’s global credit platform, says: “Appu has done a terrific job helping us develop our direct lending business in Europe and under his leadership,
Twino Group, a consumer lender, has now issued over EUR300 million in issued loans.
The company, which has been operating since 2009, provides unsecured consumer loans for private individuals in 10 countries, including Poland, Russia and Georgia.
In May 2015, the company also launched a peer-to-peer lending platform, offering investors from across Europe an opportunity to earn premium returns by investing into consumer loans originated by Twino Group’s lending companies.
Fuelled by a BuyBack Guarantee, which protects investors from the borrower default risk, the platform has attracted over 4,000 investors from 30 countries, who have already funded EUR49.5
Direct to market venture firm Legion Capital has launched the Legion High Yield Mortgage Fund I, a USD25 million real estate mortgage fund to finance property acquisition, renovation and rent.
"The US real estate market is experiencing a sustained recovery, with home equity nearly doubled since 2011. However, banks are still not lending money to builders and developers – creating a huge void in the market for real estate finance,” says Jim Byrd, chairman and CEO of Legion Capital Corporation. "This creates a great opportunity for investors looking for secured income in the current volatile market environment."
The fund targets
Global retail marketing company TCC Global has acquired online retailing specialist Summit.
The deal, advised by Livingstone, sees TCC Global, which turned over EUR500 million in 2015, bring in Summit’s expertise in online retailing to enhance its digital engagement capabilities.
Summit, which turned over in excess of GBP47 million in the same year, will retain its established brand and existing senior management team, who have worked on the business for many years.
TCC Global was founded in 1991 by Richard Beattie, the group’s chairman. Today, TCC Global runs campaigns in more than 70 countries, operating from 34 offices
Ridgemont Equity Partners-backed Perimeter Healthcare has acquired WoodRidge Behavioural Care.
Ridgemont formalised a partnership with Perimeter earlier this year and sponsored the acquisition of WoodRidge as the foundation for a new behavioural healthcare company.
Financial terms of the transaction were not disclosed.
Perimeter is led by president and CEO Rod Laughlin, who brings 35 years of experience in building and operating successful facility-based healthcare companies, including Regency Hospital Co, Charter Medical Corp and Acadia Healthcare.
Perimeter was founded with the goal of creating a behavioural healthcare business to service a broad range of mental health diseases in
Law firm Paul Hastings has appointed Nigel Ward as a leveraged finance partner in the firm’s London office.
Ward is ranked in Band 1 for banking and finance by Chambers and named a ‘Leading Individual’ for acquisition finance by Legal 500.
His practice focuses on leveraged-loan transactions including UK and cross-border acquisition financing, refinancing, recapitalisation, restructuring, and post-IPO crossover financing. He has experience acting for senior lenders, junior lenders, borrower groups, and alternative asset managers on a variety of capital structures, as well as on corporate lending, debt portfolio acquisitions, and specialist financing transactions.
He has also developed a strong practice
Kings Park Capital (KPC), an independent private equity firm dedicated to investing in the European leisure sector, has taken a significant equity stake in Just Go! Holidays (JGH) alongside the company’s CEO, Luis Arteaga.
The Royal Bank of Scotland’s corporate transactions team provided a senior debt package in support of the transaction.
JGH is an independent tour operator providing group holidays to the over 50s demographic. The company offers a collection of coach, air and cruise holiday products, approximately 80 per cent of which are in the UK. Since 2011, it has had an official partnership with the National
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