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Dutch venture capital firm Forbion Capital Partners has invested in Laboratoris Sanifit (Sanifit), a Spanish clinical-stage biopharmaceutical company, as part of Sanifit’s EUR36.6 million (USD41 million) Series C financing round.
Sanifit is focused on the development of SNF472, an experimental drug for the treatment of cardiovascular diseases linked to calcification in patients with End Stage Renal Disease (ESRD) undergoing haemodialysis.
Forbion invested alongside a substantial syndicate of investors, led by Ysios Capital, and including Lundbeckfond Ventures, Gilde Healthcare, Edmond de Rothschild Investment Partners, “la Caixa” and Baxter Healthcare. Existing shareholders also supported the series C round.
This round
European private equity firm Cinven has agreed to sell AMCo, a niche specialty pharmaceuticals group to TSX/Nasdaq-listed Concordia Healthcare Corp for an enterprise value of GBP2.3 billion.
The deal will comsist of a combination of cash, common shares of Concordia, and a maximum performance-based earnout of approximately GBP145 million over the next 12 months.
Cinven created AMCo, which focuses on the sale of niche prescription off-patent products, in 2012 through the transformative merger of Mercury Pharma (‘Mercury’) and Amdipharm, both of which were acquired in bilateral transactions, in August and October 2012 respectively.
Cinven’s Healthcare team identified the
WHP Group, a mobile telecoms services provider, has acquired Paragon Telecoms as the company looks to increase market share and broaden its offering in the fast moving telecoms industry.
Founded in 1988, Warrington-based WHP employs over 300 staff and is the longest established provider of professional and network support services to the UK wireless telecoms sector. The company has experienced sustained growth with turnover increasing from GBP17m in 2012 to almost GBP40m this year.
The acquisition of Paragon Telecoms follows the firm’s secondary buyout backed by Manchester-based Palatine Private Equity. It will enable the business to significantly enhance its mobile
UK private equity house Maven Capital Partners has achieved a 7.1x total return multiple on exit from Newhaven based point-of-sale (POS) cash management specialist Cash Bases Limited, following its merger with US company APG Cash Drawer (APG).
Maven clients funded the MBO of Cash Bases in 2004, and the Maven team later helped senior management to complete a key strategic acquisition which helped expand the business into new markets. Cash Bases has been developing cash management solutions for over 30 years and is now established as one of the world's leading manufacturers of high quality cash drawers and other POS
Using information from the recently released Preqin Investor Outlook: Alternative Assets H2 2015, Preqin explores institutional investors’ objectives, satisfaction with returns and activity within the real estate asset class in this extract from Preqin Real Estate Spotlight.
Investor objectives for real estate
A diverse range of institutional investors choose to invest in the real estate asset class, each with their own set of objectives. Fig 1 shows that there are a multitude of reasons that surveyed investors place above returns as their main motivation. The diversification benefits of real estate were cited by the largest proportion of respondents,
Save, a start-up founded in 2013 by Damien Morin to repair smartphones and touch tablets, has announced a EUR15 million round of capital raising from the investment funds Idinvest Partners and 360 Capital Partners and business angels including Xavier Niel.
This injection of funds will enable Save not only to grow its presence in France, where it plans to have more than 120 points of sale open by the end of 2015, but also to develop its business internationally. Save already operates in Switzerland and Sweden, and is looking to expand to the United Kingdom, Belgium, Spain and Portugal by
Togethera, the private photo and messaging platform aimed at families and close friendship groups has successfully closed a GBP220,000 crowd-funding round with Crowdcube.
The app – started by TrustedPlaces founder, Sokratis Papafloratos and former Facebook staffer Matt Dempsey – has seen a surge in sign-ups over the last year as users look for alternatives to other platforms seen increasingly as either insecure or simply cluttered and invasive.
Togethera is used by families and close-knit friendship groups looking for a private space online and on mobile where they can share photos, videos and updates without the worry of who's looking at
On-line travel business Momondo Group has secured a GBP10 million working capital line of credit from Silicon Valley Bank, the bank of the world’s most innovative businesses and their investors.
Momondo will use this facility to provide additional liquidity as the business pursues its ongoing growth strategy through global expansion and product development.
Momondo Group has a portfolio of three core brands, Cheapflights, momondo and Skygate, and operates dedicated sites in over 30 countries and territories around the world, in more than 20 languages. Momondo Group offers travel search and inspirational travel information, advice and tips to millions of
TVSMILES, the first quiz app that rewards its users for interacting with various ad formats in a gaming environment, has raised EUR5 million in a recent financing round.
In addition to new lead investor Omnes Capital (EUR2m), TVSMILES is set to receive new capital from its existing investors Ventech, e.ventures, German Startups Group, SevenOneMedia and its current business angels. TVSMILES will use the investments to drive the expansion of its UK business as well as product development.
TVSMILES is a quiz app that rewards users with “Smiles” for interacting with TV- and various digital ad formats. “Smiles” can be
Business turnaround specialist and former Global Head of Strategic Investments at Royal Bank of Scotland, John Davison, will assume the role of CEO of Pillarstone.
Pillarstone is the pan-European platform recently launched by KKR Credit to support banks in managing their exposures to non-core and under-performing assets including corporate loans, real estate and shipping, by improving the performance and value of the businesses which underpin the exposures.
Davison brings a strong track record of working with business owners and managers to turn around businesses to create long-term value for a broad range of stakeholders. In his previous role as
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