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21 Concordia, a private equity fund of 21 Partners, has completed an investment in Polish debt collection company EGB Investments.
Founded in 1995, EGB Investments manages collection of consumer and corporate debt for banks, financial institutions, telecommunications, and utilities companies in Poland.
EGB generates sales in excess of EUR12 million with an Ebitda margin in excess of 15 per cent.
In addition to the core debt collection and receivables management services, the company provides liquidity enhancement solutions for small and micro enterprises through its subsidiary EGB Finanse.
21 Concordia along with the management will foster an organic
Specialist financial services private equity investor Cabot Square Capital has made a GBP25m investment in Henry Howard Finance, in order to enable it to increase its provision of finance for SMEs.
Cabot Square believes that the shortage of SME financing from banks in the wake of the credit crisis has created a significant opportunity for Henry Howard – which is already established as a leading asset finance provider – to build on its experience and expertise in providing finance both direct to SMEs and as part of manufacturers’ and equipment vendors’ sales packages.
In particular the investment will enable Henry
Nordic Capital Fund VIII has signed an agreement to acquire the majority of Lindorff, a European debt collection company headquartered in Oslo, Norway, from Investor and Altor.
Investor and Altor will retain a minority holding in Lindorff.
The total EV is EUR2.1bn plus EUR200m of a performance based vendor note.
“Nordic Capital has followed the development of Lindorff for many years and is impressed with the successful transformation and positioning of the company. In the coming years, Nordic Capital looks forward to supporting further growth and expansion of Lindorff, and to contributing through Nordic Capital’s extensive experience and
Lonsdale Capital Partners has acquired the flexible plastic packaging businesses of Suominen Corporation.
Suominen Flexibles supplies printed plastic film and certain converted products for consumer and industrial applications from three factories in Finland and Poland. It also has sales offices in Sweden and Russia.
In 2013, Suominen Flexibles had net sales of EUR60 million.
Lonsdale is acquiring the business for EUR20 million plus a small earnout. The management team and Suominen Corporation will own significant minority stakes in the business going forward. Debt facilities were provided by Nordea Bank Finland and a vendor loan by Suominen Corporation.
Interactive Data, a provider of independent evaluated pricing and reference data services, has introduced a solution to help financial institutions address the Alternative Investment Fund Managers Directive (AIFMD).
The solution can help alternative investment fund managers and their service providers successfully manage the transition to AIFMD and maintain ongoing compliance with it.
The new due diligence, transparency and reporting requirements of the Directive present a range of data and valuation challenges, especially for those firms that have not previously managed or operated these functions.
Interactive Data can help clients to identify and address their AIFMD needs. For example,
Triton Debt Opportunities Fund (TDO) has completed its fundraising with external commitments of EUR500 million, surpassing the EUR350 million target size and reaching the hard cap.
Fundraising began in September 2013. The fund is the first dedicated debt investment vehicle that will be advised by Triton.
TDO will seek to invest in businesses that are facing challenges created by excess leverage or cyclical, operational or other headwinds. The fund will focus on non-control positions and will build on the debt investing experience gained in prior funds. Investments will typically be in the loans or bonds of companies in Northern
Thomas Murray Data Services has launched a suite of products and has been working with a number of depositary banks to provide a total risk solution to ensure depositary bank compliance with the Alternative Investment Fund Managers Directive (AIFMD).
"Thomas Murray Data Services already delivers post-trade risk monitoring for over 65 global banking groups, more than 25 of which act as depositary banks," says Simon Thomas, chief executive of Thomas Murray Data Services. "We are in ongoing discussions with many more throughout Europe, each one obliged under AIFMD to monitor its own post-trade infrastructures and counterparty exposures in accordance with
A fund managed by Ares Management’s private equity group is to acquire the parent company of National Veterinary Associates (NVA) from investment funds affiliated with Summit Partners.
NVA's senior management will retain a minority stake. Terms of the transaction were not disclosed, and the transaction is expected to close in the third quarter of 2014, subject to customary closing conditions.
NVA offers a full range of medical and surgical services in more than 240 companion animal veterinary hospitals across 39 states. As part of its mission, NVA provides the tools and resources for its veterinarians to deliver high quality
Ambient ecommerce start-up Sophia, the UK technology company that saw the largest round of angel investment in Northern Irish history, has added ex-Wal-Mart chief operating officer John Rittenhouse to its board of directors.
Rittenhouse, 57, has experience in retail, supply chain and technology. Prior to founding the private equity and advisory firm Cavallino Capital in 2007, he served as chief logistics and operating officer at Wal-Mart and was instrumental in the design and start-up of Wal-Mart.com.
He has also held senior vice president roles at Louis Vuitton Moet Hennessy (LVMH) and Michaels Stores Inc, as well as general manager
Darwin Ventures, a venture capital fund of funds firm, has appointed Charlie Jadallah as partner.
“Charlie is among the most accomplished, respected and forward-thinking executives in Silicon Valley, he was a valuable member of our advisory board and we are thrilled to have him join the Darwin team as a full partner," says Frank R Caufield, managing partner at Darwin Ventures.
Jadallah has more than 34 years of experience and knowledge of strategic business development, strategic relationships, international business development, budget prep & administration, e-commerce/payments, and the financial services sector.
Jadallah was a founder and executive vice president for
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