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BaltCap portfolio company Impuls LTU, the operator of Lithuania’s biggest fitness chain Impuls, is to acquire Estonia’s Arctic Sport Clubs creating the first pan-Baltic fitness centre operator in the region.
The company signed a share purchase agreement with the Estonian chain operator on Wednesday. Sales of Arctic Sport Clubs are expected to reach EUR2.3 million in 2015.
Impuls LTU and Arctic Sport Clubs announced that Impuls LTU will acquire all of the outstanding shares of the company that owns the Arctic Sport Club chain. The acquisition will be financed by Nordea Bank and BaltCap Lithuania SME Fund and is
BaltCap, the private equity and venture capital investor in the Baltic States, is to invest in a leading Estonian dental care company Dental Invest Estonia (DIE).
BaltCap Private Equity Fund II, advised by BaltCap, has agreed to invest in DIE group through new equity issue acquiring a 56 per cent ownership stake. The management team and the key doctors will own 44 per cent of the shares.
DIE, along with its subsidiaries, is the leading dental healthcare provider in Estonia. Having over 17 years of experience the Group has been the innovation leader in Estonia by adopting modern technologies
KDC Solar has closed a debt investment with Highbridge Principal Strategies. The USD100 million investment refinanced a construction facility KDC Solar had established with the Prudential Capital Group for a portion of KDC Solar's 50 MW portfolio of operating projects as well as provides capital to construct additional solar projects in New Jersey which are "shovel ready."
"The completion of this investment further strengthens our ability to support our portfolio of operating solar projects as well as to build additional solar projects in 2016. We appreciate Highbridge Principal Strategies's confidence in KDC Solar's team and our ability to build, own and operate
VentureFounders, the UK-based equity investment platform for sophisticated investors, has today announced that a GBP250,000 fundraise for
Cipher Surgical has completed a GBP250,000 fundraise in less than four weeks via VentureFounders, a UK-based equity investment platform for sophisticated investors.
Cipher’s OpClear device uses patented technology to make abdominal keyhole surgery quicker and safer for both surgeons and patients. The device directs a short controlled jet of carbon dioxide and saline across the laparoscope's lens to keep it clear of contaminants such as condensation or blood during a procedure, without having to repeatedly remove the scope from the patient.
The number of Europe-focused private equity funds of funds to close so far in 2015 is at its lowest ever level, with just seven vehicles having held a final close. Despite slow fundraising, 2012 vintage funds have seen the highest median IRR historically and a substantial number of European investors are still showing an interest in committing to this strategy. In its latest factsheet, Preqin compiles the latest data on the European fund of funds market.
Read the full factsheet here.
This article, taken from the newly released Preqin Special Report: Natural Resources, looks at the make-up of institutional investors in natural resources, preferred strategies and regions, sources of allocations and future investment plans.
The increasing amount of capital raised by natural resources funds in recent years indicates healthy investor appetite for the asset class. As previously mentioned, a Preqin survey in June 2015 found that 29 per cent of investors in natural resources planned to increase their exposure to the asset class over the long term, compared with only 12 per cent that planned to reduce their allocations. Preqin’s
Affiliates of global investment firms Warburg Pincus and General Atlantic are to acquire a 49 per cent stake in the Network Internationa from The Abraaj Group. Emirates NBD will continue to own a 51 per cent stake in the Company.
Established in 1994, Network International is a payments processing business focused on the Middle East and Africa. The Company provides services across the entire payments ecosystem with a focus on Merchant Acquiring services, in which it processes transactions for merchants covering online, offline and mobile, and Issuing Processing services, in which it processes payment transactions for banks. Network International offers
MarketLive and Shopatron, providers of software solutions for the global retail industry, are to be acquired simultaneously by private equity firm Vista Equity Partners.
“This is a unique opportunity to unite two complementary market leaders to advance the way that retailers and branded manufacturers connect with consumers in a world that relies on seamless digital and in-store experiences,” says Robert F Smith, Chairman and CEO of Vista Equity Partners. “By integrating best-of-breed commerce solutions and combining industry-leading expertise, MarketLive and Shopatron are incredibly well-positioned to bring a highly adaptive omni-channel commerce platform to the rapidly expanding retail market.”
MarketLive
Entertainment Benefits Group (EBG), one of the largest privately-held travel and entertainment providers in the US, has acquired Boston-based Working Advantage, an employee deals portal that provides shopping discounts at more than 10,000 organisations to more than ten million employees.
EBG’s Corporate Program Division, which provides perks and reward solutions to over 60 percent of the Fortune 1000, will integrate Working Advantage’s portfolio of discount entertainment tickets and shopping discounts into its existing product offerings. The acquisition increases EBG’s user base from 50 million to over 60 million users, and increases the number of corporations it works with to 40,000
OneRoof Energy, a residential solar services provider, has signed a USD20 million loan agreement with North Sky Capital's Alliance Fund II. The loan agreement was arranged by GoldenSet Capital, a sub-advisor to Alliance Fund II.
"GoldenSet Capital and North Sky Capital are great partners," says David Field, president and chief executive officer of OneRoof Energy. "The residential solar industry continues to expand at a fast pace. To meet the demand of this capital intensive industry, we are pleased to be working with this group who have been supportive with continued funding."
Loan amounts may be drawn by the Company
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