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Telecom related merger and acquisition activity is increasing significantly across Central and Eastern Europe and a number of deals are expected to change the sector over the next 12 months.
Regional telecom and media leaders, private equity investors, investment bankers and advisers meet to assess the key strategic and investment opportunities at the TMT Finance & Investment CEE 2014 Conference in Warsaw on 30 September.
“M&A activity in the telecoms is especially buoyant in the CEE region, with over five billion euros of deals completed over the past year and several more in the pipeline,” says Dominic Lowndes, managing
Wingstop, which is owned by affiliates of Atlanta-based private equity firm Roark Capital, has opened the first of 50 planned restaurants in The Philippines.
The new restaurant debuted at Regis Center, Katipinuan, in the largest and most populous city in Metro Manila, Quezon City.
"We are excited to partner with Walden Chu and his team to introduce Wingstop to the Philippines. This further expands our international presence to five countries supporting our vision of Wingstop as a billion dollar global brand," says Charlie Morrison, president and CEO of Wingstop.
The opening is part of a large multi-unit development
Companies such as Guaranty Trust Bank, Zenith Bank and Nigerian Breweries have put Nigeria at the forefront of frontier market opportunities, according to Baring Asset Management.
Africa’s largest economy, Nigeria, recently rebased its GDP upwards to USD500 billion for 2013, ranking the country as the 26th largest economy in the world1, and the forthcoming general elections in 2015 could provide further opportunities for investors in a country undergoing significant reforms.
Nigeria represents 13.2 per cent of the Baring Frontier Markets Fund, the largest single country holding, followed by Saudi Arabia (9.7 per cent), Kuwait (9.6 per cent) and the
ICG, the specialist asset manager, has supported KIRKBI Invest A/S, the Groos Family and the management team in the acquisition of Minimax Viking Group.
The investment shifts ownership of the company from IK Investment Partners to the consortium.
ICG led the arranging of the transaction.
Minimax Viking Group specialises in fire protection. ICG will support the company under its new ownership in its growth strategy and further international expansion.
Jens Tonn, head of Germany for ICG, says: "Minimax Viking Group is an excellent investment opportunity, a strongly performing market leading business with huge future potential. ICG is
Actis, a pan-emerging market private equity investor, has acquired the majority interest in three power assets in Cameroon from The AES Corporation.
Actis will pay USD202 million net of closing price adjustments for a 56 per cent stake in Cameroon’s national integrated utility, Société Nationale d’Electricité (SONEL), and in two independent power plants, Kribi and Dibamba.
SONEL provides 933MW of generation and supplies electricity to over 800,000 customer connections throughout the country, while Kribi and Dibamba contribute a combined 302 MW towards Cameroon’s generation capacity. Actis will own SONEL, and Globeleq, Actis’ wholly-owned private power company, will directly own
Peak Rock Capital has appointed Ryan Fitch as a senior vice president of the firm, responsible for leading the business development group.
Fitch will work closely with the firm's leadership team to further develop Peak Rock's growing relationships.
Fitch previously spent nearly a decade as part of the business development team at Platinum Equity, where he was responsible for deal origination and managing strategic relationships with corporate sellers, investment banks and other intermediaries.
Anthony DiSimone, chief executive officer of Peak Rock, says: "We are delighted to welcome Ryan to the team and look forward to using his industry
RLJ Equity Partners, an affiliate of The RLJ Companies, has acquired EnviroVac Holdings, a provider of industrial cleaning, environmental services, and on-site maintenance support.
EnviroVac uses state-of-the-art equipment to provide industrial vacuuming, hydroblasting, watercutting and inspection services for customers who participate in the pulp and paper, chemical, steel, oil and gas, power generation and other industrial business sectors.
"EnviroVac is a trusted brand in the industrial services industry," says Jerry L Johnson, managing director of RLJ Equity Partners. "The company has a safety-first approach in providing the most innovative environmentally safe technology and quality operations to its clients and
Private equity firm Permira has held the final close of its global private equity fund, Permira V, at the hard cap of EUR5.3 billion (USD7.2 billion).
The new fund will follow Permira's long-term investment strategy of identifying market-leading businesses that benefit from structural growth drivers and have significant potential to expand internationally.
Origination will continue to be led by the firm's five global sector teams – consumer, financial services, healthcare, industrials and TMT – with an emphasis on identifying proprietary opportunities.
Permira V has already committed capital to six growth companies. These investments include iconic footwear brand Dr.
Kingdom Holding Company (KHC) and Caisse des Dépôts International Capital (CDCIC) have signed a memorandum of understanding to establish an investment vehicle seeking to develop Saudi projects and ventures.
The KHC-CDCIC platform will help advance bilateral economic co-operation and trade and to facilitate access to long‐term capital in both countries by companies engaged in economic cooperation between Saudi Arabia and France.
To advance this partnership, a working group was formed, co-chaired by HRH Prince Al Waleed Bin Talal Bin Abdulaziz Al Saud, chairman of KHC and Laurent Vigier, CEO of CDCIC.
The partnership will seek attractive investments across
The EU has published MiFID II in the Official Journal (OJ) following more than two and a half years of consultation and negotiation.
Publication in the OJ sets the date on which MiFID II enters into force as 2 July 2014.
The rules enter into effect 30 months later, meaning that all EU firms undertaking investment business or providing investment services to clients must be fully compliant with MiFID II by 2 January 2017.
Crispian Lord, financial services risk and regulatory partner at PwC, says: “Although final detailed rules will not be available until the end of 2015,
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