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Private equity firm Thoma Bravo and Teachers’ Private Capital, the private investor department of Ontario Teachers’ Pension Plan, have completed their acquisition of Riverbed Technology, a specialist in application performance infrastructure.
The acquisition is valued at approximately USD3.5 billion, with Riverbed stockholders receiving USD21.00 per share in cash. With the transaction’s close, Riverbed stock has ceased trading on the NASDAQ under the ticker symbol RVBD.
“Riverbed is a clear industry leader and significant addition to our portfolio of software companies,” says Seth Boro, a managing partner at Thoma Bravo. “Our team is looking forward to building upon Riverbed’s world class
IK Investment Partners’ IK 2000 Fund is to sell Sportfield Deutschland Holding (SportGroup), a specialist in sports and recreational surfaces systems, to Equistone Partners Europe Limited.
The parties have agreed not to disclose the financial terms of the transaction.
With over 40 years’ experience, SportGroup is a worldwide quality and innovation leader for synthetic sport and recreational surface systems with turnover of approx. EUR300 million in 2014. SportGroup develops, produces and installs artificial turf fields and tracks (both running tracks and multi-purpose surfaces). The Group operates an integrated business model with all system critical components being manufactured in-house. SportGroup
Infrastructure construction contracts peaked to unprecedented levels in March hitting GBP1.6 billion in value and 90 per cent higher than those awarded in the same period last year, according to figures released today (24 April 2015).
The award of two major contracts including the M4 Corridor project surrounding Newport and the A5-M1 Link at Dunstable, collectively valued at GBP967 million, during the month indicates that the Government’s promised investment in road infrastructure is beginning to come to fruition.
The industrial sector also posted a strong performance with contract values during March equating to GBP627 million representing a 104.7 per
Redbox founder and former CEO and former Coinstar President and COO Gregg Kaplan has joined Pritzker Group Private Capital as its operating partner for the services team.
Kaplan will be based in Chicago, where he and investment partner David Rosen will lead the services investment and operations team. Rosen and Kaplan will source, invest in and oversee a group of services companies for Pritzker Group Private Capital. Pritzker Group Private Capital’s services companies today include PECO Pallet and Entertainment Cruises.
Kaplan, 45, has spent his career building and operating high-growth businesses. Kaplan founded Redbox, the ubiquitous movie-rental kiosk network,
London-listed private equity firm JZ Capital Partners Limited has acquired Midwest Valve Parts (MVP) alongside its long-term investment partner The Edgewater Funds.
The acquisition of MVP is an add-on to Industrial Services Solutions’ (ISS) existing Specialty Products Group (SPG), and marks the third acquisition made into SPG (joining Worthington Compressors and Parts Service International). Led by Jim Rogers, a GE veteran who has extensive industry experience, ISS is generating annual sales and EBITDA in excess of USD260 million and USD45 million, respectively.
MVP is an independent supplier of replacement parts for valves, actuators, and related equipment to valve remanufacturers,
Institutional Venture Partners (IVP), a later-stage venture capital and growth equity firm, has launched IVP XV, a USD1.4 billion fund, the largest fund raised in the firm’s 35-year history, which brings cumulative committed capital to USD5.4 billion.
The fund was significantly oversubscribed, with IVP’s existing Limited Partners contributing the vast majority of the fund.
The fund’s General Partners are Todd Chaffee, Somesh Dash, Steve Harrick, Eric Liaw, Jules Maltz, Sandy Miller, and Dennis Phelps. After 26 years as a General Partner at IVP, Norm Fogelsong will serve the new fund as an Advisory Partner. Collectively, the Partners have more than
In this extract from the Preqin Quarterly Update: Real Estate, Q1 2015, we analyse fund performance and take a look at private real estate funds currently in market.
Fund Performance
Closed-end private real estate funds have posted positive changes in NAV for 18 consecutive quarters, with Q3 2014 seeing an average 1.9 per cent increase in NAV (Fig 1). As of September 2014, funds of vintage years 2009-2012 are posting relatively strong returns, with the median IRR ranging from 12.8 per cent for vintage 2012 funds to 15.8 per cent for vintage 2009 funds.
Examining J-curves of funds of
China Everbright Limited (CEL) and Sinowel Enterprise Group (Sinowel) have signed a strategic partnership agreement to start their co-operation towards the secondary market of trust beneficiary rights.
CEL and Sinowel plan to maximise their value, as well as leveraging their respective experience and advantages in the asset management sector to build a marketing platform for the trust industry.
CEL, a member of China Everbright Group, is a diversified financial services enterprise operating in Hong Kong and mainland China. It leverages a "Macro Asset Management" strategy with specific focuses being placed on fund management and investment businesses, namely Primary Market Investment,
M&A activity in Europe is predicted to increase 14.4 per cent, and 13.3 per cent throughout the whole of EMEA, over the next six months compared to the same period last year, according to data from Intralinks.
These rises mean EMEA is the top performing global region for expected merger and acquisition (M&A) activity in the next six months, with the manufacturing/industrials, technology and consumer sectors dominating deal pipelines in Europe.
Intralinks reveals these findings as part of its latest Intralinks Deal Flow Predictor (DFP). The Intralinks DFP accurately forecasts the volume of future M&A announcements by tracking M&A
Octopus Investments has completed a development with Transact to enable shares in its Venture Capital Trusts (VCTs) to be bought and held on a financial adviser platform for the first time.
Previously VCTs were unable to be purchased on adviser platforms or by a nominee account as they needed to be bought by the individual directly in order to qualify for the tax reliefs.
The launch of the service from Transact, which is an adviser-facing only platform, follows the change announced in the Finance Bill 2014 last year that allows shares in VCTs to be bought by a nominee
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