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Private equity firm EQT has signed an agreement via its EQT Mid Market Fund to acquire Berlin-based kfzteile24 GmbH. The company is being sold by its two founders, Matthias Kieper and Torsten Hainke.
Both remain substantial shareholders in kfzteile24 and will continue in their roles as co-CEOs in order to drive the company’s growth and development. kfzteile24 is a leading German online retailer for vehicle parts and accessories. Three bricks and mortar stores in Berlin with affiliated repair shops supplement the online operation. kfzteile24 has around 500 employees.
A Berlin-based team from CMS Germany headed by lead partners Dr
Amauri G Costa and Scott Gluck have Duane Morris’ Corporate Practice Group, as a partner and special counsel respectively, in the firm’s Washington, DC office.
Costa adds to Duane Morris’ corporate law capabilities in Washington, DC, as well as nationally and internationally, particularly with respect to Latin America. He joins Duane Morris from Bracewell & Giuliani LLP.
He advises clients in the energy, telecommunications, information technology and financial industries on transnational and domestic mergers and acquisitions, corporate law and project development, along with the interpretation of legal and regulatory environments in Latin America. He represents lenders and borrowers in
Brandon Collins and Heather Parker have launchedCollins-Parker, a new private equity firm to work primarily in seed-stage investments in the technology industry.
Collins-Parker is slated to be fully operational in January 2016. While the firm will be primarily involved in the technology industry, it will also have operations in traditional financial sectors. The firm will be headquartered in New York, with an office in San Francisco, and plans to establish a Beijing office in 2017 as a part of the firm's initiative to have at least 25 per cent of its holdings in the Chinese market.
Although a for-profit
Victory Park Capital (VPC), an asset management firm focused on middle market debt and equity investments, has appointed Karrie Truglia as vice president in New York City to further develop the firm’s debt capital markets activity.
VPC has also promoted three investment professionals to vice president and hired four new associates and two operations personnel in its Chicago office. Additionally, VPC is expanding its team in Los Angeles with a relocation of Vice President Geoff Mikelsons, who will join Partner Jason Brown.
Truglia joins VPC with more than 15 years of experience in global and domestic financial services organisations. Previously,
Hastings Equity Partners, a private equity firm focused on investing in lower middle market energy services and equipment companies, has made its fourth Fund III platform investment in Hybrid Tool Solutions (Hybrid).
Hybrid provides its customers with a patent pending, revolutionary process for conducting frac plug drill outs. The Hybrid Tool is the most advanced system on the market because it simplifies the steps involved in stick pipe drill outs and tube ups. In addition to saving time, Hybrid offers its customers a higher safety standard and significant cost savings. Hybrid is active in the Marcellus Shale, Utica Shale and
The Edmond de Rothschild is looking to bolster its private equity offer, with the objective of increasing assets under management by more than 50 per cent over the next two years.
As part of this strengthened commitment to private equity, the Group is launching ERES III, a new fund dedicated to global growth strategies, in the coming weeks. The Group’s ambition is to raise EUR250-300 million, compared to a total of EUR320 million raised for ERES I and ERES II.
Additional funds currently being raised, including China 2, Ginko 22 and TIIC 22. Other fund-raisings in the Cabestan, BioDiscovery
Middle market private equity firm Quad-C Management has sold A Stucki Company, a supplier of new and reconditioned railcar components, to Stone Canyon Industries. Terms of the deal have not been disclosed.
Headquartered near Pittsburgh, A Stucki operates 17 global locations focused on the engineering, reconditioning, machining and manufacturing of railcar and industrial parts.
Quad-C invested in A Stucki in 2010 along with several members of the A Stucki management team led by CEO Bill Kiefer and CFO David Lendt. During Quad-C’s investment period, A. Stucki more than doubled its revenues due to a combination of strong organic growth
Aberdeen Asset Management has held the final closing of private equity fund FLAG Private Equity VI (FPE VI) with USD295 million in committed capital, USD70 million above the Fund’s target.
This is the first fund closing announced since the completion of Aberdeen’s acquisition of FLAG Capital Management last month, and the second consecutive private equity fund by the same team that closed above its target.
FPE VI will invest in a strategically concentrated portfolio of lower-middle market, US-based private equity funds that are often difficult for investors to identify, diligence and access. The Fund focuses on managers led by
Irish Funds, the representative body for the cross-border investment funds industry in Ireland, has today welcomed the publication of new Regulations for Undertakings for Collective Investment in Transferable Securities (UCITS) by the Central Bank of Ireland (CBI).
Once implemented, the Regulations will simplify the existing regime for clients of the jurisdiction. The new legislation from the CBI intends to consolidate all of the conditions imposed on UCITS, their management companies and depositaries into a single document, and is the conclusion of the Central Bank’s Consultation CP 77 which was initially published in January 2014.
In addition, the publication
Noerr has advised the Swedish company QMATIC on a strategic investment in the German market. The provider of customer flow management systems is acquiring NetCallUp Software GmbH from Bocholt.
The company offers a software-based queue management system called NetCallUp to provide efficient management of visitor flows. The system ensures organised execution of client services in customer waiting areas. With this transaction, QMATIC has been able to enter the German market with the assistance of Noerr.
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