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Equistone Partners Europe has acquired cloud computing operator Adista.
Following the transaction, Equistone will hold a majority stake in the company, alongside founding management Gilles and Pascal Caumont, regional investment fund GEI (a current shareholder which will reinvest in the company) and Institut Lorrain de Participation (a long-term shareholder).
Forty of the company’s managers will also participate in the transaction, investing in the group to become minority shareholders.
Founded in 1981 in Maxéville, France, Adista is a telecommunications networks and cloud computing services provider to corporates and local governments. Adista supplies connections to High- and Very-High-Speed networks, predominantly
Palamon Capital Partners is to sell Eneas Group to Norvestor Equity or an undisclosed amount.
The sale will bring total proceeds to NOK750 million (approximately EUR80 million), representing a 3.3x return on invested capital.
The transaction is expected to close in August 2016, subject to regulatory approvals.
Full terms of the sale were not disclosed, however, following the transaction the company will continue to be led by CEO and founder Thomas Hakavik.
Eneas is an independent supplier of corporate energy services to small and medium sized enterprises (SMEs) in the Nordic region and serves more than 25,000 customers with
BTG Global Advisory (BTG GA), an international alliance of independent restructuring and financial advisory firms, has expanded its global reach with the appointment of Matuson & Associates, a restructuring and insolvency firm focused on preserving and maximising enterprise value, based in South Africa.
Matuson & Associates is a South African turnaround and business rescue practice. It was founded in 2009 and has a multi-disciplinary team of 14 professionals with vast experience across sectors including retail, automotive, property and mining.
Matuson & Associates provides a wide range of services including business advisory services, valuations, interim and crisis management, as well
UK online pharmacy companies Pharmacy2U and ChemistDirect.co.uk have merged in a GBP40 million deal backed by GBP10 million of investment from Business Growth Fund (BGF), creating a business with a 1.5 million customer base.
The merger follows the opening of Pharmacy2U’s brand new GBP3.5 million dispensing hub in Leeds – the first of its kind in the UK – earlier in 2016. The facility is capable of dispensing one million prescription items a month.
BGF has provided a GBP10 million investment to support the merger and the new company’s ambitious long term growth plans. The total value of the deal
Tikehau Capital has completed two share capital increases of EUR510 million along with two new institutional investors becoming shareholders of Tikehau’s holding company.
These transactions provide the group with additional resources to pursue its organic and external growth, to develop its global strategy and to accelerate its international expansion.
Through a EUR94 million capital increase, Tikehau Capital Advisors (TCA) welcomes as new shareholders Singaporean investment company Temasek, and French investment company FFP (the listed Peugeot family office), along with long-standing partner French insurance group MACSF. They are joining existing institutional shareholders Credit Mutuel Arkea and Amundi. These institutional shareholders
Private equity firm Thoma Bravo has acquired Trader Corporation, a Canada-based digital automotive marketplace and software solutions provider, from funds advised by Apax Partners for approximately CAD1.575 billion.
The transaction, which is subject to customary closing conditions, is expected to close by the fourth quarter of 2016.
“We’re extremely impressed by Trader’s growth into the largest and most trusted digital automotive marketplace in Canada," says Holden Spaht, a managing partner at Thoma Bravo. “We look forward to partnering with Sebastian Baldwin and the entire Trader team in their commitment to innovation and accelerating the use of Trader’s current and
Navatar, the growth platform for alternative assets firms, has launched a new investment platform built specifically to help limited partners evaluate investment opportunities and manage their investments across funds.
Navatar Limited Partner Cloud is designed for large institutional investors, endowments, family offices, fund of fund managers, high net-worth individuals, consultants and advisors. The product helps LPs manage investments across multiple asset classes such as private equity, hedge fund, PERE, debt, infrastructure and venture capital.
A high number of interested LPs recently attended a webinar on the Limited Partner platform.
"With the vast array of investment products competing for their attention, investors
Permira is to sell Intelligrated, a North American-based advanced fulfilment solutions provider, to Honeywell in an all-cash transaction for USD1.5 billion.
Richard Carey, a Permira partner and co-head of the firm’s industrials sector team, says: “This was an incredibly successful partnership for Intelligrated and the Permira funds and we are proud of all that the Company has achieved. This investment is a prime example of our strategy to identify growth themes – here, the need for supply chain solutions to support the tremendous growth of e-commerce and home delivery – find the right companies and then work closely with management
YFM Equity Partners, the specialist private equity fund manager, has invested GBP2.75 million to support the growth of Sipsynergy, a cloud collaboration solutions provider to SMEs.
The funding will be used to accelerate the growth in the customer base through expansion of the sales and support teams.
The Hertfordshire-based business has developed a solution which provides a range of communications technologies to SMEs on a cost effective basis. Sipsynergy has been working closely with technology firm, Cisco, to create the solution which is sold on a white label basis through IT and telecoms resellers and managed service providers.
Elizabeth Burgess, senior partner and a founding partner of private equity investor Altus Capital Partners, is to leave the firm to pursue other opportunities.
Burgess says: “I have worked with Russ and Greg Greenberg for over 15 years. We established Altus Capital Partners back in 2003 and I am incredibly proud of the firm that we built and the success that we shared over the years. I leave behind the great portfolio that we have built together and the impressive talent that we have in the group. However, I look forward to my next chapter and the opportunities that lie
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