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Funds associated with private equity firm Providence are to acquire Biteì Finance International (Bite) from Mid Europa Partners for an undisclosed price. The transaction is expected to complete in the first quarter of 2016.
Bite controls a leading mobile operator in the Baltic countries (No2 in Lithuania and No3 in Latvia) that is focused on meeting growing demand in the region for a high quality network experience and providing excellent customer service. The Group offers a wide range of mobile services, internet access and data services for business and residential customers through its nationwide coverage.
Michelle Capiod, Partner of
Legal & General Capital has invested in clean energy investment and asset management business, NTR Wind Management Ltd, a subsidiary of NTR, and committed to build an onshore wind portfolio through the first close of a fund targeting EUR250 million.
The fund will build up to 270MW in capacity, which could generate sufficient electricity to power up to 170,000 homes and avoid more than 300,000 tonnes of CO2 per annum across the UK and Ireland.
Legal & General’s clean energy investment strategy is focusing on wind and solar power in the short term. Latest innovations in technology mean investing
Wipro Ltd is to acquire Viteos Group, a BPaaS (Business Process as-a-Service) provider for the alternative investment management industry for USD130 million.
Wipro specialises in platform-led transformation and utility-based offerings in reconciliation, KYC, settlements, middle-office, asset servicing, syndicated loans and reference data solutions, with coverage across asset classes. These specialisations of Wipro are primarily on the sell-side of the industry and this acquisition will add similar capabilities on the buy-side.
Viteos was founded in 2003 and is headquartered in Somerset, New Jersey. The Viteos Group provides customised straight-through-processing and integrates post-trade operations across every asset class, currency, border or
TPG Growth has made a USD75 million investment in Precision for Medicine, Inc. Additional details of the transaction have not been disclosed.
Precision for Medicine is a specialty services company that supports pharmaceutical and life sciences companies through development and commercialisation. The Company helps its clients develop products, demonstrate economic value, validate outcomes and build differentiation within the healthcare marketplace. For TPG, Precision for Medicine marks the Firm’s latest addition to a growing list of investments in some of the healthcare industry’s most innovative companies.
“TPG Growth leverages unparalleled healthcare expertise from across the TPG platform to identify companies
Ridgewood Private Equity Partners (RPEP) has made an investment of approximately USD100 million in the Neptune Regional Transmission System (Neptune), a 65-mile submarine power transmission cable connecting New Jersey and Long Island.
Neptune has capacity of 660-Megawatt high-voltage direct-current that is fully contracted with the Long Island Power Authority (LIPA) under a long-term agreement. Since initiating operation in mid-2007, Neptune has provided, on average, approximately 20 per cent of the electricity for Long Island.
"The Neptune transmission line is a terrific energy-focused infrastructure asset that offers both current yield and attractive capital appreciation potential," says Ross Posner, who leads RPEP
Michiel Kotting is to private equity firm Northzone as a General Partner.
Kotting has spent the last five years at Accel in London. As a Partner focusing on fintech, security, infrastructure and marketplace businesses, he sits on the board of Accel’s investments in Catawiki, Fiverr, Vinted, Packlink and KNC. He was also closely involved in their investments in Spotify, Avito, Funding Circle, Calastone and Aorato.
Kotting got his start in tech when founding Digital Jones, an artificial intelligence company, which he sold to Shopping.com, where he joined the management team. His experience further adds to the strong entrepreneurial profile
Noerr has advised Holtzbrinck Ventures and Rocket Internet on the sale of the start-up Classmarkets (Berlin) to the Scout24 Group. The parties have agreed to keep the price of the purchase confidential.
Classmarkets is a leading supplier of software-as-a-service (SaaS) solutions for online classified marketplaces of publishing and media companies and runs around 70 online marketplaces (real estate, job vacancies and cars) – in particular for regional publishing companies. The meta-search engine “Immobilo” also belongs to Classmarkets.
Noerr often advises on significant transactions in the private equity and venture capital sector, with recent mandates including for example the Apollo
IMAP Hungary-MB Partners and Concorde Corporate Finance have merged to form Concorde MB Partners, offering M&A advisory services in Hungary.
The new company has several decades of transactional experience and expertise, both in the large capital markets segment and private transactions (Concorde) and the SME segment (IMAP Hungary-MB Partners).
The merger reflects the significant changes that have occurred in the Hungarian M&A market since the early 2000’s following in the steps of the German economy. There, the key to competitiveness is not based on larger companies, but by locally owned mid-sized companies scattered around the countryside “Mittelstand”. The birth
Horizon Technology Finance Corporation has led a USD12 million venture loan facility for Digital Signal Corporation (DSC).
DSC, a specialist in human identification and identity management solutions, is backed by leading venture capital firms, including SilverHaze Partners and Novak Biddle Venture Partners. DSC will use the proceeds for working capital purposes.
“We are pleased to lead this venture loan facility for DSC,” says Gerald A Michaud, President of Horizon. “The company’s 3D facial recognition technology provides a differentiated security and fraud prevention solution, which has significant commercial applications in both the public and private sectors. Our growth capital will
Funds advised by CVC Capital Partners (CVC) have taken a significant minority stake in PT Softex Indonesia.
With market-leading brands – Sweety, Softex and Confidence – PT Softex Indonesia boasts top three market share positions across the baby, adult and feminine care product categories. PT Softfex Indonesia is perfectly positioned for growth, which will be further accelerated by CVC’s growth capital investment.
Indonesia is the fourth most populous country in the world, with 45 per cent of Indonesia’s 250 million people under the age of 25 – a trend that is set to continue, with approximately four million children expected
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