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Law firm Noerr has advised Zalando on the takeover of the Berlin fashion fair Bread & Butter. Zalando is acquiring the operating company of the trade fair under an insolvency plan procedure.
The creditors have unanimously approved the insolvency plan today, and the insolvency proceedings are expected to be terminated soon.
In December of last year, Bread & Butter filed for insolvency, and Christian Graf Brockdorff was appointed as insolvency administrator.
Arma Partners has acted as exclusive financial advisor to IRIS Software Group Limited on its recapitalisation by HgCapital at an enterprise valuation of GBP763 million.
HgCapital has been an investor in IRIS Software since acquiring the business for GBP102 million in 2004 and a majority owner for seven of the past eleven years.
With 35 years’ experience, IRIS Software is a leading provider of business critical software and services to the UK accountancy and SME sectors. Over 18,000 UK accountancy firms use IRIS Software every day to run their practices, with 7,000 consuming at least one cloud solution
Law firm Shoosmiths has advised private equity firm Oakfield Capital Partners (Oakfield) on an investment in The Gainsborough Silk Weaving Co Ltd (Gainsborough)
The new investment will allow the company to capitalise on its rich heritage of fabric designs and boost its sales and marketing efforts around the world.
Shoosmiths’ partner Alastair Peet and associate Gareth Cook advised Oakfield on all corporate aspects while Tax partner Tom Wilde provided specialist EIS tax advice.
Michael Patton (pictured) of Oakfield, who has joined the board of the Gainsborough, says: ‘We believe that this unique, British business has the potential to
A fund managed by Impax Asset Management is selling a portfolio of wind assets in France and Germany to ERG Renew, the renewable energy subsidiary of the Italian multi-energy company ERG Group.
The sale of the portfolio, which portfolio consists of 11 French and six German wind farms, is part of Impax’s planned realisation of the operating assets in accordance with its fund’s strategy. Impax has grown the portfolio by acquisitions from 2010 to 2014. The majority of the projects were constructed under the ownership of the fund. The fund continues to own a wind project development business in France
The private debt industry in Asia has already seen fundraising growth within the distressed debt and mezzanine segments in so far in 2015 compared to 2014. However, the industry in Asia is still far less established than in North America and Europe. Special situations funds have continued to see strong fundraising in the region, and the strategy is likely to once again be the most attractive avenue for exposure to Asian private credit.
Given the moderate fundraising for Asia-focused funds, dry powder levels have remained relatively stable, with USD6 billion in available capital. Mount Kellet Captial Management has held a
Outcome Capital has hired Donald D Haut as a Senior Advisor for its rapidly growing Boston area-based life sciences practice.
Haut is Managing Director for Haut Capital, which he started in 2014, and currently serves on the Board of Directors for three health care companies: MiMecore Therapeutics, Arthrosurface, and Xiros. Prior, he was Vice President for New Business Ventures at The Medicines Company, where he was responsible for leading that company’s deal to license Alnylam’s PCSK9 inhibitor. Previously, he was the Senior Vice President for Strategy and Business Development at Smith and Nephew's Advanced Surgical Devices Division, where he was responsible for all strategy
Private equity firm Mid Europa Partners is to take full ownership of Walmark after agreeing to buy out the founding Walach family. The transaction is subject to anti-trust clearance.
Mid Europa originally acquired a 50 per cent stake in the consumer healthcare company in December 2012.
Michelle Capiod (pictured), Partner at Mid Europa, says: "We would like to thank the Walach family for our excellent partnership and wish them great success in their future endeavours. We have jointly transformed Walmark from the leading dietary supplements business in Central and Eastern Europe into a focused consumer healthcare platform with an
Highland Europe has raised a new EUR332 million tech growth fund, Highland Europe Technology Growth II.
This follows Highland Europe’s 2012 EUR250 million Highland Europe Technology Growth I fund that invested in 15 technology companies including WeTransfer, AMCS, GetYourGuide, Outfittery, SocialPoint, Finanzcheck, TalentSoft, eGym, Intersec, NewVoiceMedia, Brandwatch, Matches Fashion, Jampp, LoveCrafts, and Malwarebytes.
Highland Europe’s partners – Fergal Mullen, Laurence Garrett, Irena Goldenberg, Sam Brooks and Tony Zappala (pictured)– intend to continue investing this second fund with the same laser-focused growth-stage investment strategy: targeting rapidly emerging internet, mobile and software companies. These companies are led by inspiring entrepreneurs who
The Georgian Co-Investment Fund (GCF), a USD6bn private equity fund based in Georgia, has announced a USD723 million investment in the Tskhenistskali hydro power plant (HPP) project in Georgia, with total installed capacity of 347 MW.
A Memorandum of Understanding (MOU) was signed by the Government of Georgia that will see an investment of USD723 million in the Tskhenistskali Cascade of HPPs. Their generation will be aimed both at domestic consumption during the winter months and energy exports during the summer.
GCF also signed a feasibility study contract with Icelandic power companies Verkis and Landsvirkjun Power: the parties will
Altium has advised AIM-listed independent power generator Alkane Energy on its GBP80.7m sale to infrastructure investment firm Balfour Beatty Infrastructure Partners (BBIP).
This is the third time that Altium has advised Alkane in the last three years, having led the company on its acquisition of power response assets from Welsh Power in 2014, as well as its acquisition of Maltby Colliery Limited from Hargreaves Services plc in 2013.
Based in Edwinstowe, Nottinghamshire, Alkane is a fast growing, independent UK power generator, operating mid-sized gas-to-power electricity plants. The business, which last year achieved turnover of GBP16.0m and adjusted EBITDA of
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