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Private equity firm Thoma Bravo has completed itsacquisition of DigiCert, a global SSL Certification Authority (CA) and the leading provider of trusted certificate management solutions.
Prior investor TA Associates and DigiCert management and employees will remain significant shareholders in the business.
DigiCert provides digital certificates to over 115,000 customers in more than 180 countries, and is one of the few CAs dedicated solely to advancing PKI-based solutions for enterprises and networked devices.
“As the internet economy continues its exponential growth, certificate management technology will play an increasingly prominent role in securing and verifying information across digital channels,” said Seth Boro,
Scepter Partners is proposing to to acquire 100 per cent of Santos Limited, an independent oil and gas company in Australia, at AUD6.88 (USD4.97) per share in cash.
If implemented, the offer, which values Santos at AUD7.1 billion (USD5.1bn), would provide shareholders with a 26 per cent premium over the closing price of Santos shares on 19 October – the last trading day before the proposal was submitted.
The offer also provides a 38 per cent premium to Santos’ 1-month volume weighted average (VWAP) price up to 19 October, and 40 per cent premium to the VWAP since 21 August
Corporate credit specialist Muzinich & Co has opened an office in Manchester. The office is located in the Pinnacle building on King Street in central Manchester.
The primary purpose of the office is to house a specialist private debt team that will focus on providing growth capital to mid-sized firms located in the UK’s industrial heartland.
Managing Director of Marketing Josh Hughes says: “Over 50 per cent of private debt lending opportunities come from outside of the South East. The North West is a vitally important economic hub offering growth opportunities, which we believe will allow us to generate attractive
The Intralinks Deal Flow Predictor (DFP), an indicator of future mergers and acquisitions (M&A) announcements, forecasts modest growth for the volume of global M&A deals announced through the first quarter of 2016.
M&A volumes are predicted to increase by about seven per cent through the first quarter of 2016 compared to 2015. The sectors predicted to have the most growth are consumer, healthcare, high-technology, and real estate, while the energy & power, industrials, and telecom sectors will see a decrease.
“2016 is shaping up to have a modest, but good start for global M&A deal announcements, coming off of what
DMS Offshore Investment Services is boosting its onshore fund governance capabilities with the recruitment of Michael Garvey (pictured), a former Managing Director of JP Morgan Alternative Asset Management as a managing director.
Garvey, who will be based in the firm's New York office, will have the capacity to serve as an independent director on the boards of investment funds and related structures, and will play a key role in DMS Operational Due Diligence services, also based in its New York office. In addition, he will provide thought leadership to institutional investors and consultants through DMS roundtables and seminars, industry conferences,
Ogier has acted as BVI legal counsel on the USD50 million IPO on the NASDAQ Capital Market of Pacific Special Acquisition Corp.
Pacific is a Special Purpose Acquisition Company, or SPAC, formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements, or engaging in any other similar business combination with one or more businesses or entities.
The company is not obliged to limit its efforts to identify a target business to a particular industry or geographic region, although it is understood
The last quarter’s private equity fundraising is analysed in this extract from the Preqin Quarterly Update: Private Equity, Q3 2015.
With the third quarter of the year typically slow for fundraising, it is surprising to see Q3 2015 as the best quarter in 2015 so far in terms of aggregate capital raised. There were 178 funds that reached a final close, securing an aggregate USD137 billion (Fig 1). The number of funds raised, however, has seen a sharp drop from the previous quarter, causing a marked rise in the average private equity fund size.
Buyout funds in particular collected
Global early-stage mergers and acquisitions (M&A) activity in Q3 2015 increased by just 5.6 per cent compared with the same period last year, the slowest rate of growth for almost three years.
That’s according to the latest Intralinks Deal Flow Predictor (DFP) report which forecasts the volume of future M&A deal announcements by tracking the number of early-stage M&A deals that are in preparation or have reached the due diligence stage. On average, these deals are six months away from their public announcement.
While Intralinks predicts that 2015 will be a new record year for global M&A announcements, deal
Rheonix, one of the largest holdings in venture capital firm Rand Capital Corporation, has completed a USD28.6 million Series B equity raise.
Rand co-led the offering with Cayuga Venture Fund, which is based in Ithaca, New York. Cayuga Venture Fund focuses its investments in start-up technology companies, many with a connection to Cornell University. Rand also partnered with past co-investors, including Advantage Capital Partners and Gefinor Capital, to complete this equity offering. Earlier in 2015, Rand had provided convertible bridge financing to support Rheonix during the fundraising process, and its USD680,000 bridge notes were converted to equity upon completion of the Series B
Endowments and foundations continue to see private equity an important part of their allocation strategy, according to a new study by NEPC, but valuations are a concern for over half (58 per cent) of those questioned inn the Q3 2015 NEPC Endowment and Foundation Poll.
This survey, which as with the 2014 survey, focused on how endowments and foundations invest in and view private equity, found that year over year, endowments and foundations continue to show the importance of an allocation to private equity, with 37 per cent of respondents allocating over 10 per cent. When asked about return projections
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