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Browne Jacobson’s corporate finance team has advised the management of Gala Coral on the GBP241m acquisition of Gala Bingo Holdings Limited (Gala Bingo) by Caledonia Investments plc (‘Caledonia).
With its Headquarters situated in Nottingham, Gala Bingo manages 130 clubs throughout the UK and holds an impressive 38% market share with over 1.1 million active members.
The Browne Jacobson team comprised of lawyers Mark Hughes, Gavin Cummings, Emma Hinton and Beth Dowson and Gala’s management team was led by Chief Executive Officer Simon Wykes and Chief Finance Officer Alex Wood.
Wykes says: “The Browne Jacobson team has demonstrated once again why
Specialist private equity investor Calculus Capital Ltd is seeking to raise up to GBP8 million through a new D share class offer for the Calculus VCT.
Proceeds from the fundraising will be used to follow Calculus Capital’s proven strategy of investing in well-established smaller companies with capable and experienced management teams, spread across a range of business sectors.
This approach has contributed to the Calculus VCT delivering superior performance and dividend payments to investors since launch in March 2010.
Calculus VCT has to date paid cumulative dividends of 48.25p per Ordinary Share and 18p per C Share. In addition, the
Ambienta has sold its portfolio company Envirogen Group, formerly Amplio Filtration Group (Envirogen), to a syndicate of investors led by UK fund manager Promethean Investments.
Envirogen Group, established in 2009 by Riccardo Segat and Andrea Davi – who acted as CEO – is a UK based mid-sized international provider of environmental and process solutions for the treatment of water, wastewater, vapour emissions and material recovery, with operations in Europe and North America.
Ambienta’s divestment of Envirogen comes four years after its initial EUR16.1m investment, executed through its fund “Ambienta I”. Ambienta invested to support Amplio Group with the goal
The Georgian Co-Investment Fund (GCF), a USD6 billion private equity fund based in Georgia, and Georgian construction company AXIS are to build Axis Towers, twin skyscrapers which, when complete, will be the tallest buildings in Tiblisi.
GCF will own 50 per cent of the completed development, while the other 50 per cent will be held by AXIS.
The multifunctional complex consists of two 147 metre tall, 41-storey towers, four floors of which will be underground. One tower will be glazed with dark glass, while the other will feature white stone cladding. The total buildable area of the towers equals 94,000 sq
Linklaters has appointed Matt Keogh (pictured) as Global Practice Head of the Investment Management Group, succeeding Scott Bowie. The role is for a four year term with effect from 15 October 2015.
A partner since 2012, Keogh’s practice includes all aspects of institutional investment products and transactions acting for both sponsors and investors, with a particular focus on alternative investment funds including private equity, real estate, infrastructure, debt and hedge funds, private equity style joint ventures and equity syndication. Matt also has considerable experience in the operation of asset management houses as well as fund equity and debt financing (acting
Indos Financial, the UK’s only independent AIFMD depositary, is adding to its team with the appointment of Andrew Watson (pictured), a chartered accountant with over 14 years experience within the private equity and financial service industry.
Watson joins INDOS Financial’s London office and will manage the firm’s growing private equity and real estate depositary business.
Watson started his career in 1999 with PricewaterhouseCoopers working across a variety of Banking and Capital Markets clients. In 2003, Andrew joined the European private equity team at Bank of America as Financial Controller which later became Argan Capital, an independent European mid-market private equity
Noerr has advised the Berlin start-up business adjust on an EUR15 million investment from Highland Europe.
adjust specialises in analysis tools for apps and mobile applications and provides its customers with data on the user behaviour relating to their products. With this technology, the company, which was established in 2012, belongs to the global market leaders and today has branches also in San Francisco and Tokyo.
The Noerr team led by Felix Blobel provided comprehensive legal advice to adjust GmbH on Highland Europe’s investment. Since its formation, adjust GmbH has relied on on-going corporate law advice from Noerr.
minicabit, a UK-based online mini-cab price comparison and booking service, has secured GBP1.4 million in funding from some of the UK’s best known investors and business leaders.
The funding was heavily oversubscribed, led by Hambro Perks alongside the team at Oakley Capital. Hambro Perks recently backed Laundrapp, the on-demand app disrupting the dry-cleaning sector and will take a seat on minicabit’s Board, and Oakley Capital has previously advised on the flotation of JustEat and investment in The Hut Group. These high-profile investors include Rupert Hambro, one of the UK’s most respected merchant bankers, Dominic Perks, a serial entrepreneur and successful
Private equity funds managed by Blackstone have agreed to acquire MBAe, a Tier I engine component manufacturer and repair business, from Arlington Capital Partners.
MBAe has facilities across the US, UK and Poland. The company has a well-balanced manufacturing model providing complex machined and fabricated assemblies into production and aftermarket applications across an installed base of 65 engine platforms. MBAe has secured strong positions on next generation engines that will soon come into production. The Company also operates a repair business to help reduce inventories for its customers as their focus increases on the full life cycle management of aero-engine
Simility, a cloud-based fraud detection startup, has closed its USD5.7 million seed round, including tier one investor Trinity Ventures along with angel investors, adding USD2.25 million to the previously announced USD3.45 million investment led by Accel Partners.
“Investing in Simility is an investment in preserving trust in e-commerce, and they’ve already made remarkable progress,” said Trinity Ventures general partner Fred Wang. “In just a year, Simility has hired a team of data science, engineering and operations professionals, opened new offices, and deployed its private beta fraud detection offering in online marketplaces that serve millions of people worldwide.”
Simility’s adaptive fraud
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