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DMH International (DMHI) has completed its merger with Virtual Physicians Network.
The current chief executive of Virtual Physicians Network, George England, will assume the same role for DMHI.
England led the development and national launch of Virtual Physicians Network's new mobile app designed for surgeons, hospitals and medical vendors. He has over 26 years of experience as a healthcare entrepreneur and executive.
"I am thrilled to complete this merger between DMHI and Virtual Physicians Network," says England. "The management teams of both companies have worked extremely hard this year to finalise this exciting partnership. We are now poised to
The number of funds notifying the Jersey Financial Services Commission (JFSC) of their intention to privately place into Europe under AIFMD rules has broken through the 150 mark.
Figures collated by the JFSC show that, as at 22 July, a total of 164 funds had opted to make use of Jersey’s private placement route into Europe.
In addition, 57 alternative investment fund managers have confirmed their authorisation under Jersey’s AIFMD private placement regime, and there are three depositaries in Jersey offering AIF Depositary services as well as others in the pipeline.
Figures from the JFSC also show that
European financial services private equity firm AnaCap has completed the acquisition of Brightside Group, a UK insurance broker.
Under the terms of the agreement, funds advised by AnaCap will acquire 100 per cent of the company.
Established in 2001 and listed on the Alternative Investment Market (AIM), Brightside is an insurance broking business which distributes personal and commercial insurance products across the UK, through both online and offline channels. It is solely an intermediary and therefore does not take any underwriting risk, offering insurance products for cars, vans, bikes, taxis, couriers and SMEs. In order to support the growth
MMC Ventures-backed Base79 is to be sold to Rightster Group in a GBP50 million deal.
MMC invested in Base79 co-founders, Ashley Mackenzie and Richard Mansell, from an early stage in March 2010, and since then MMC has supported the company as a shareholder and board member in their journey to become one of Europe’s leading online video companies.
MMC invested in three rounds of funding, including a growth round investment led by The Chernin Group in 2012.
The sale will see Base79 become part of a combined business that will be the fourth-biggest YouTube multi-channel network audience in
France’s cross-border mergers and acquisitions (M&A) activity is rising considerably as the corporate M&A appetite once again returns to North America and Europe, according to a study by Robert W Baird Group.
Of the USD450bn worth of M&A deals taken place so far in 2014 – the highest half year value since before the global economic downturn – France (domestic, inbound, outbound) accounted for a quarter of all this activity.
French outbound M&A value has almost doubled in the last 12 months to June 2014 (LTM 2014) compared with the previous 12 months (LTM 2013) and French inbound M&A
Private equity firm NorthEdge Capita has invested GBP15 million into Roberts Jackson, a Cheshire-based industrial disease law firm.
Founded in 2009, the Wilmslow practice provides legal services in the highly complex field of occupational disease litigation, and acts for claimants who have developed diseases as a result of their employer`s negligence. The firm has grown from two to more than 200 people in five years.
The investment from NorthEdge Capital will facilitate the acceleration of growth and development of the practice and open up new opportunities in the legal services sector.
Nick Townend joins the board as finance director and Paul Hewitt as chairman alongside founders Karen Jackson, CEO, and Oliver Jackson, strategy director. Gladys Swaim-Rutter and Lorna Vanderkamp have been promoted to directors as part of the deal and are equity shareholders.
Grant Berry, managing partner at NorthEdge Capital, director Jon Pickering, and investment manager Phil Frame led the deal. Berry and Pickering join the board as non-executive directors whilst Frame joins as an observer.
Jackson says: “This is a very exciting time
HgCapital’s Parts Alliance has partnered with automotive parts business Andrew Page (AP) to acquire the business’s assets of Unipart Automotive, a UK supplier of car parts and workshop consumables.
The deal, which is for an undisclosed sum, means that HgCapital’s Parts Alliance will acquire a total of 12 of the former Unipart Automotive 33 branches, with Andrew Page to acquire the remaining 21 branches, securing 350 jobs.
The Parts Alliance is a central organisation for the UK automotive parts market based in Solihull, West Midlands. It employs over 60 people on behalf of its 12 member companies, who manage
The African Private Equity and Venture Capital Association (AVCA) has appointed Dr Dorothy Kelso as director, head of strategy and research.
Kelso, a Ghanaian native, joins AVCA with 15 years of research, strategy and private equity experience gained at organisations including EY, Coller Capital, IE Consulting, the IMF and Incisive Media.
Most recently, Kelso was an associate director in the private equity strategic market intelligence team at EY in London, and a core member of the EY team who worked with AVCA to produce the annual AVCA and EY African Private Equity Exits Study.
Prior to EY, Kelso
TowerPoint Capital has entered into an agreement with AllianceBernstein Private Credit Investors to facilitate its ongoing acquisition of assets and accumulate diversified portfolios in the US, Canada and Puerto Rico.
"We are thrilled with the opportunity to have AllianceBernstein as our exclusive financial partner and to have access to their significant financial and intellectual resources," says Jesse Wellner, chief executive officer of TowerPoint. "The backing of AllianceBernstein, a leading asset manager, further validates our relevance in the marketplace and underpins our growing momentum. Both TowerPoint and AllianceBernstein share common views regarding the attractiveness of the wireless infrastructure industry and are committed
ACON Equity Partners III has completed the purchase of Injured Workers Pharmacy (IWP) from Audax Group and Parthenon Capital Partners.
IWP is a specialty pharmacy serving patients in the USD8 billion workers' compensation, automobile personal injury protection and personal injury pharmacy markets in the US.
As part of this transaction, ACON partnered with Patrick Keefe and Tracy Finn, two former senior executives of Omnicare, a provider of long-term care and specialty pharmacy services.
Also joining ACON in the transaction is Triton Pacific Capital Partners, a private equity healthcare services investor.
The company will continue to be led
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