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M&A activity targeting the UK stood at GBP37.5bn in the first half of 2014, representing the lowest half-year value since H1 2010 (GBP37bn) and a 12.5 per cent drop from H1 2013 (GBP42.9bn), according to MergerMarket.
Only one mega-deal (valued above USD5bn) has been announced in the region so far this year – the GBP8.6bn acquisition of the Oncology division of GlaxoSmithKline by its German peer Novartis.
The lack of large transactions in the country pulled the UK M&A value down this semester.
However, the second quarter of 2014 witnessed a stark improvement compared to the previous quarter
Jamieson Corporate Finance, an independent global management advisory firm, has opened its first international office in Maddison Avenue, New York.
Jamieson is already an established management advisory service in the UK and European markets.
Recent transatlantic deals have included the firm advising the management team for Denver, Colorado-based Gates on the recent USD5.4bn sale of Gates Corporation to Blackstone.
The US office will be headed up by partner John Greenland. He will be responsible for originating and executing management advisory and M&A transactions for Jamieson’s US and international clients.
Ian Jamieson, founder and CEO of Jamieson Corporate Finance,
Perfect Channel, a cloud-based enterprise auction platform, has secured growth funding of GBP2 million from Beringea, which manages the ProVen Venture Capital Trusts.
The investment will be used to build the senior management team, to launch in the US and to expand the development team.
Perfect Channel provides an end-to-end auction solution for businesses, with services across auction design, auction management and post-auction analytics. Its platform is designed for scale, managing up to 60,000 simultaneous bidders, across a variety of different verticals on a global basis.
Perfect Channel already has a strong roster of clients including Christie’s, Lloyd’s
Abingworth, the international investment group dedicated to life sciences and healthcare, has promoted Ken Haas and Vin Miles to partner.
They are both based in the US where they source and manage deals including early-stage and late-stage venture capital, venture growth and public market investments as well as VIPEs (Venture Investments in Public Equities).
Haas has spent 25 years in the management of both early-stage and public high technology and biotechnology companies. As part of the Abingworth team, he, has led several investments including Clovis Oncology, Gynesonics and Intellikine. Before joining Abingworth, he was part of the founding management
METIS Financial Network has launched an alternative investment marketplace allowing private equity, venture capital and hedge funds to market their offerings to a global network of accredited investors and advisors.
METIS Fund Portal allows all parties involved to manage data, documents and communications throughout the investment lifecycle.
Monterey Financial Services is the first company to use METIS Fund Portal to globally market its new USD50 million fund and manage the participating investors.
“We’re thrilled to launch METIS Fund Portal with Monterey on board,” says Joy Hou, CEO of METIS. “The Monterey team has been instrumental in contributing their
Cloud contact centre vendor NewVoiceMedia has secured USD50m in a Series E round of funding, taking the total raised by the company over the last 18 months to USD105m.
The new investment will accelerate the company’s international expansion, develop its portfolio of cloud solutions and strengthen its infrastructure, sales, marketing and professional services capability in North America, APAC and EMEA.
New investor Technology Crossover Ventures (TCV) led the round, joined by existing shareholders Bessemer Venture Partners, Highland Capital Partners Europe, Eden Ventures, Notion Capital and salesforce.com.
NewVoiceMedia’s cloud customer contact platform integrates with Salesforce to connect organisations with
BNP Paribas Investment Partners (BNPP IP) has relaunched BNP Paribas Private Equity as BNP Paribas Capital Partners (BNPP CP).
BNPP CP is led by Gilles Guérin who reports to Pascal Biville, head of strategy and finance for BNPP IP.
BNP Paribas Capital Partners will provide the following capabilities:
• Managing private equity fund of funds and related advisory activities, led by Jean-Marc Rivet Fusil;
• A selection of managers of alternative and absolute return strategies, led by Eric Debonnet;
• Operational support (infrastructure and administration) for private equity funds, headed by Patrick Perez, in addition to his role
Mobile healthcare provider Vanguard Healthcare Solutions has raised GBP16.5m in a debt refinancing deal with high street bank AIB.
Vanguard Healthcare provides additional capacity through the provision of mobile surgical facilities – including operating theatres, endoscopy suites, mobile wards and clinics – to the NHS and private healthcare providers in the UK and abroad.
The company has been financially backed by MML Capital since April 2009, when it underwent a management buyout from Nuffield Health.
The refinancing of the existing senior debt and MML Capital’s mezzanine facilities will reduce the company’s cost of capital and decrease annual
KKR has acquired a majority interest in OEG Offshore Group, a provider of specialist equipment to the offshore oil and gas industry.
OEG’s executive management retain a significant holding in the company.
OEG is headquartered in Aberdeen, UK with regional hubs in the main offshore oil and gas regions including Singapore, Australia, and the US and 20 further diversified stocking locations worldwide.
OEG manufactures and leases specialist Cargo Carrying Units which are essential items used by oil and gas operators and their service providers to transport equipment and supplies to and from rigs and platforms as part of
Idinvest Partners, a pan-European private equity firm, has closed its second SME senior debt fund, Idinvest Dette Senior II (IDS II).
The fund closed at EUR400 million, exceeding its initial target of EUR350 million.
With this new fund, Idinvest Partners is strengthening its private debt activities, where it now has more than EUR1.2 billion of assets under management. In July 2013, Idinvest raised EUR281 million through its IDS I fund, which is now fully invested.
The IDS II fund will provide senior debt financing for acquisitions and development of non-listed European companies with solid fundamentals.
“IDS II
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