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Ontario Teachers', the largest single-profession pension plan in Canada, is to acquire a significant minority interest in OGF, a funeral services provider in France, from Pamplona Capital Management.
Pamplona, which remains the majority shareholder, has sold 30 per cent of OGF to Ontario Teachers’, which intends to increase its stake to over 40 per cent over time. The initial transaction is expected to close on 25 September 2015. Terms of the transaction are not being disclosed.
Ontario Teachers’ is a long-term investor that aims to identify unique opportunities and partner with strong management teams. Ontario Teachers’ and Pamplona have
SFX Entertainment has secured USD60 million in new financing and refinanced its existing USD30 million revolving credit facility, securing capital for new initiatives and operating and working capital needs.
The USD90 million comes from both new and existing investors, with USD60 million in private placement financing and USD30 million in a revolving credit facility.
“This round of financing from these sophisticated investors reflects a level of confidence and provides growth capital to support many of the exciting new initiatives SFX is undertaking,” says Robert F X Sillerman, the Company’s Chairman and Chief Executive Officer. “While the Company continues to explore
21 Concordia, the Warsaw-based, Polish branch of 21 Partners, held its second and final close with aggregate commitments of EUR100 million, garnering strong interest from leading international institutions.
Managed by four experienced Polish Managing Partners: Dariusz Górka, Andrzej Mierzwa, Marek Modecki (pictured) and Dawid Sukacz, the team on-the-ground invests in Polish mid-sized enterprises and accompanies them in a new phase of development.
The fund, which began investing in 2014, has already completed two investments: EGB, one of the most experienced and innovative companies in the Polish debt collection and receivables market, and TxM, a leading discount clothing chain with
Clive Christian, a UK-based luxury interiors and fragrance brand, has been acquired by EME Investments 5, a private equity firm backed by a consortium of investors including Sir Brian Souter, Ann Gloag, EME Capital and Perscitus Advisers.
The investment, which will see the founder, Clive Christian OBE, dispose of a majority stake in his eponymous company, will accelerate momentum and expansion in the business renowned for its fragrances and luxury interiors ranges. Alongside the investment, Amy Nelson-Bennett has been appointed to the position of Group CEO. Clive Christian will remain Creative Director of the company.
Clive Christian, says: “This
In an extract from the recently released Preqin Investor Outlook: Alternative Assets H2 2015, Preqin explores institutional investors’ plans for their infrastructure portfolios, including investment in alternative structures, and looks at the alignment of interests between investors and fund managers.
The infrastructure fund market is relatively smaller than those of other alternative asset classes; just over a third of institutional investors allocate part of their assets under management (AUM) to infrastructure, while over half invest in private equity, hedge funds and real estate. While there are some very experienced investors that have been active for some time, there are
Indian venture capital fundraising, deals and exits all hit record levels in 2014 and Preqin’s latest statistics show that 2015 is well on track to exceed the amounts seen last year. The steep upward curve in activity is an indication of the country’s rapidly developing venture capital industry and thriving start-up environment.
Read the full factsheet here, containing charts, league tables and analysis of the venture capital industry in India.
The international commercial law firm Noerr has advised recipe kit delivery service Hello Fresh on a financing round. Hello Fresh was valued at EUR 2.6 billion in the context of the transaction.
In this round of financing, international funds advised by the Scottish asset management Baillie Gifford invested EUR75 million in the rapidly growing Berlin company.
Ass well as Germany, Hello Fresh also operates the United Kingdom, the Netherlands, Belgium, Austria, Australia and the USA.
Non-banks (including insurers and funds) can add some fire-power to European policy makers' initiatives to fund small businesses by packaging their loans into structured deals, according to a new report Moody's Investors Service.
"Securitisation enables investors, such as insurers and pension funds, to transform their investments into more liquid instruments and to align their risk appetite, owing to the tranching of issued notes," says Monica Curti, a Vice President, Senior Credit Officer at Moody's.
In light of European policy makers' efforts to grow the non-bank lending market, Moody's expects securitisation to emerge as a new funding source for small-
Hercules Technology Growth Capital, a specialty finance company for innovative, high-growth venture capital-backed companies, has appointed Melanie Grace as General Counsel and Chief Compliance Officer.
Grace will oversee Hercules’ legal and compliance functions and serve as corporate secretary. She will report directly to Mark R Harris, Chief Financial Officer of Hercules.
“I am delighted to welcome Melanie to the executive management team,” says Harris. “Her impressive track record, as well as her experiences at the New York Stock Exchange and FINRA, will be a tremendous asset to us as Hercules continues its significant growth.”
For the past three years,
Creo Medical, an emerging leader in electrosurgery, has completed its latest financing round totalling USD8.45m, including new investor Pentax Medical (HOYA Group).
Participants in this financing round also include existing investors Finance Wales, the Angel CoFund and individual angel investors. To date, Creo Medical has secured investment totaling USD20.7 million.
Described as ‘the first new electrosurgical platform in a generation’ the Creo Medical CROMA energy system provides a unique combination of super high frequency microwave energy for controlled coagulation and bipolar radio-frequency energy for precise soft tissue cutting, supporting a wide range of surgical instruments for applications such as
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