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Allegion is to acquire, through its subsidiary Allegion Luxembourg Holding & Financing, SimonsVoss Technologies, a German-based electronic lock company, from HgCapital for EUR210 million.
Global middle market investment bank Baird acted as the exclusive financial advisor to SimonsVoss Technologies and HgCapital on the transaction, which is subject to regulatory approvals. Baird’s international deal team involved senior bankers in both the Europe and the US and included Michael Wolff, Sven Harmsen, Joel Cohen, Chris Cooper, and David Silver.
Frankfurt-based Managing Director Wolff, says: “this deal is highly complementary and will enable both sides to penetrate markets and geographies, creating global
In this issue, we present the Lyxor platform’s direct exposure to Greek assets, as well as the Lyxor hedge fund strategies exposures to European assets – most likely to be impacted by a spillover effect, either way.
Six Degrees Group (6DG”) is to acquire Capital Support Group (CSG), a cloud, software and security managed services provider with a significant presence in the financial services sector in London.
In 2014, CSG delivered GBP14m revenue, up 35 per cent on the previous year, and GBP2.5m of ebitda.
CSG is one of the largest providers of cloud and IT services to the alternative investment market sector in Europe and their clients have over USD500 billion of assets under management, powered by CSG’s hosting services. They have 130 employees who support 170 customers and their services span design, build, deploy
Lending Works, the first peer-to-peer lender to have insurance against borrower default risks including illness and loss of employment, has enjoyed a record first half to 2015.
Since its launch 18 months ago, Lending Works has lent over GBP10 million to thousands of borrowers around the UK. More than half of this was lent in the first six months of 2015 alone and the number of new lenders joining the platform since January was greater than the total lending community that joined in 2014. Such growth demonstrates a surge in interest and commitment from lenders to use the Lending Works
Jersey has attracted more than USD65 billion and distributed in excess of USD75 billion of Foreign Direct Investment (FDI) annually, adding considerable value to the global economy as a result.
That’s according to the findings of a new report commissioned by Jersey Finance, which was produced by global management advisory firm Investment Consulting Associates and entitled ‘Jersey’s Contribution to FDI’. The report identifies the strengths of Jersey’s finance industry in facilitating FDI, its contribution to the global economy and the appeal of IFCs more widely in supporting cross-border investment.
Launched at a Jersey Finance ‘Africa Investment Seminar’ held in London
Kirkland & Ellis advised Palatine Private Equity on the recent closing of Palatine Private Equity Fund III. The fund was oversubscribed and held a first and final closing at its hard cap with aggregate capital commitments of GBP220 million.
The fund, which will make investments in the UK regional lower mid-market, accepted commitments from a broad mix of global institutional investors, including endowments, foundations, insurance companies, family offices and fund of funds. More information on the fundraise is available here.
Kirkland has one of the largest and most experienced sponsor-side private funds practices in the world with more than
Private equity fund Evolution Capital Partners has accepted Star Mountain Capital as a strategic limited partner in Evolution Investments II LLC.
Star Mountain is a New York City-based asset management firm with a small/medium-sized private business focus and a unique strategic partnership approach to investing in private equity and private credit fund managers.
Jeffrey Kadlic, Co-Founder and Managing Partner of Evolution, says: "We are thrilled to have Star Mountain Capital as not just a limited partner but as a strategic partner with tremendous resources in their network that can be brought to bear as we deliver value to
A survey of general and limited partners conducted by SunGard and Longitude Research has found that the private equity industry has good opportunities to grow and expand its reach, but its leaders predict mounting pressure on fees, costs and the amount of information provided.
The report found that with many LPs increasing their exposure to private equity and real estate in the face of low returns from traditional investments, 96 per cent of GPs are considering offering funds with more diversified investment strategies in the next two to three years and roughly the same are considering raising more money.
Paine & Partners, a global private equity investment firm focused on investing in food and agribusiness, is to sell Icicle Holdings to Convergence Holdings and Dominion Catchers.
Under the transactions, Convergence will acquire Icicle's land-based wild seafood processing and farmed salmon activities, and Dominion will acquire the Company's harvesting and processing vessels as well as the associated fishing rights. Convergence and Dominion have agreed to enter into long-term contracts to continue Icicle's diversified seafood operations following the completion of the transactions. Financial terms of the transactions and of the agreement between Convergence and Dominion have not been disclosed.
"We
New Mountain Capital has closed its previously announced acquisition of Zep in a transaction valued at approximately USD692 million. The execution of a definitive merger agreement outlining the terms of the transaction was initially announced on 8 April, 2015.
Zep’s stockholders approved the acquisition on Thursday, 25 June, 2015. As a result of the merger, each outstanding share of Zep common stock was converted into the right to receive USD20.05 per share in cash. Zep common stock (ZEP) ceased trading on the New York Stock Exchange at the opening of market today.
Headquartered in Atlanta, Zep is a leading manufacturer
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