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LBO France’s Cityvision Group of SLT (Société des lignes touristiques) and SELT (Société d’exploitation des lignes touristiques), have sold L’OpenTour Paris, to RATP Développement.
L’OpenTour Paris is an open-top hop-on hop-off bus tours service, carrying over 750,000 passengers each year. Since its creation in 1998, it has become Paris’ leading sightseeing service, regularly offering new and innovative services to effectively meet the changing needs of its customers.
Since L’OpenTour Paris was acquired by LBO France in 2008, it has strengthened its position as Paris’ market leader with constantly increasing passenger numbers and revenues (up 50% between 2008 and 2014).
On
Kirin Media Ventures, a Los Angeles-based film finance and management company, has launched its inaugural USD25 million investment fund. The fund, with strong backing from Chinese investors, will invest in Hollywood motion picture projects.
“We are excited to launch the fund with a focus on investing in independent films with commercial appeal and Studio distribution,” says Jeff Chao, Managing Partner, Kirin Media. “We want to recognize our strategic partner Leo Jianjun Zheng from the Shanghai AllBright Law Firm for helping us navigate the Chinese investment landscape. We also look forward to fulfilling our film financing strategy in Hollywood through our
BGF has invested GBP7.5 million in flexible van hire company, LCV Hire Solutions Ltd, which trades under the Reflex brand, to support the continued expansion of its fleet of light-commercial vehicles and fleet cars.
From its base in Loughborough in the East Midlands, Reflex provides its corporate customers with national, round the clock services. Reflex also offers a range of duty of care products, marketed under the ‘Flexi’ brand, including tracking systems, cameras and driver safety products. The company currently has 3,500 vehicles in its fleet and aims to grow this to 10,000 over the next five years.
Reflex was
BNY Mellon has appointed Alan Flanagan to the new role of Global Head of Private Equity and Real Estate (PE&RE) Fund Services.
Flanagan will continue to be based in Dublin and report to Frank La Salla, CEO of BNY Mellon’s Alternative Investment Services (AIS) business, in New York.
As a new unit within AIS, PE&RE Fund Services will comprise more than USD100 billion in assets under administration and over 150 employees worldwide. Flanagan will be responsible for overseeing global business and driving growth in an area that has seen large recent deals. In February, BNY Mellon and Deutsche Asset
Solomon Wifa has joined Willkie Farr & Gallagher firm as a partner in then firm’s London office.
Wifa, a well-established investment funds lawyer with experience across a diverse range of asset classes, has represented sponsors in the formation of, and institutional investors with respect to their investments in, global private equity, hedge, buyout, mezzanine and venture capital funds. Wifa has advised on a wide range of secondary transactions involving private equity and hedge funds and on formation of emerging market funds investing in China, sub-Saharan Africa, India, Turkey and Central and Eastern Europe.
“Sol’s addition is an important step
Belgian-Dutch investment company Waterland Private Equity Investments (Waterland) is providing growth capital to the Intelligent Group, a Belgian developer and provider of hosting services.
Intelligent was founded in 1999 by Jonas Dhaenens under the Combell brand and has grown to become the most important provider of hosting services in Belgium in recent years, with a strong presence in the Netherlands. The company is primarily known for its strong hosting brands Combell and Unitt. Combell focuses on a diverse offering of hosting services ranging from domain names, e-mail and webhosting to managed hosting server applications and related products, both for SMEs
A study of 100 senior corporate executives by global law firm Reed Smith, in partnership with Mergermarket, reveals that 84 per cent of technology, media and entertainment (TME) companies expect to see more cross-sector M&A convergence deals over the next two years.
The report, entitled Wired up: The convergence of technology, media and entertainment, explains the changing M&A landscape for TME firms. This is being driven by an increasingly fierce battle fought by TME firms who are attempting to gain a competitive edge in the market. 2014 saw new levels of convergence deals amounting to US$34.5 billion, with this trend
An affiliate of private equity investment firm HIG Capital (HIG) has acquired ATX Networks Corporation (ATX) a designer and developer of patented, radio frequency (RF) and digital video processing equipment used by cable operators and a growing number of private video networks, A/V integrators, and telecommunication companies.
Cable operators rely on the Company’s RF equipment to enable increased bandwidth to their subscribers, while ATX’s growing suite of non-RF products provides solutions for network operators to efficiently deliver video and data services to end users, including but not limited to transcoding and encoding, bulk video transition gateways, and content streaming products.
RSK Group has secured a GBP33m long-term investment loan provided by a fund advised by Permira Debt Managers (PDM), the debt management and advisory arm of Permira.
PDM’s direct lending fund Permira Credit Solutions II (PCS2) will act as sole lender to RSK to support its continued international expansion. The loan – which was arranged by Dow Schofield Watts Corporate Finance Ltd – will be used to convert existing amortising debt into a flexible bullet repayment loan and provide additional funding to enable the business to continue its growth into new markets across the UK and EMEA.
Debt fund financing
OMERS Private Equity (OPE), the private equity investment arm of the OMERS pension plan, is to acquire Environmental Resources Management (ERM) from Charterhouse Capital Partners for an enterprise value of USD1.7 billion.
The Alberta Investment Management Corporation (AIMCo) will co-invest in the transaction.
Created in 1977, ERM is a leading global provider of environmental, health, safety, risk, social consulting and sustainability related services. ERM works with both private and public sector clients to deliver sustainable outcomes to complex environmental issues, from Board level down through the organisation.
ERM has more than 4,800 employees including 600 partners and operates from 163
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