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Private equity provider LDC has completed its exit from Leasedrive, the UK’s largest independent privately-owned vehicle management group.
Following the exit, LDC has subsequently re-invested in Leasedrive, retaining an interest in the business as part of a new deal with HgCapital, which has acquired a controlling stake.
LDC originally invested in Leasedrive in August 2008.
Headquartered in Wokingham, Leasedrive Group was established in 1983, a BIMBO transaction was completed in May 2003 and Leasedrive was merged with Velo in 2007, to form one of the largest independent privately-owned vehicle management groups in the UK. The business provides a
Nautic Partners has partnered with management to acquire QoL meds, a specialty pharmacy serving the mental health community.
QoL was founded in 2000 and is headquartered in Pittsburgh, Pennsylvania.
QoL operates specialty pharmacies across the country and dispenses over two million prescriptions and serves over 50,000 patients annually. QoL partners with mental health centres to integrate on-site pharmacy services in the delivery of care.
In addition to medication dispensing, QoL offers medication assistance and monitoring, outcomes and adherence reporting, customised packaging, patient education, assistance with reimbursement and clinical coordination, and 340b services. Over the last five years, QoL
Ardian and F2i have acquired an additional 14.8 per cent of the share capital of Enel Rete Gas for EUR122.4m from Enel Distribuzione.
Ardian and F2i previously owned 85.1 per cent of the company. The closing of the transaction is expected by the end of 2013.
Enel Rete Gas is the second largest distributer of natural gas in Italy with a market share of 17 per cent and more than 3.8 million users connected to its network. In 2012, Enel Rete Gas distributed approximately 5.8 billion cubic meters of gas to 2,000 cities.
The framework agreement, signed between
An affiliate of Resilience Capital Partners, a Cleveland-based private equity firm, is to acquire the assets of the liquids division of oneCare.
This is Resilience Capital Partners' first add-on acquisition by its CR Brands platform, which it acquired in September 2012.
Headquartered in West Chester, Ohio, CR Brands operates manufacturing facilities in Spartanburg, South Carolina, and markets its products under the nationally recognised brands Mean Green, Biz, Oxydol and Pine Power.
This acquisition doubles the number of brands CR Brands now offers.
Acquired brands include the leading brand in home dry cleaning Dryel, as well as
LeapFrog Investments, a specialist investor in financial services in Africa and Asia, has exited from Ghanaian insurer Express Life, selling its majority stake to Prudential PLC for an undisclosed sum.
The transaction marks the entry of one of the world’s largest insurers into the fast-growing African insurance industry.
LeapFrog’s lead partner in Ghana, Doug Lacey, says: “Our experience with Express Life demonstrates the value of specialist fund managers who can source promising investment opportunities in emerging markets and work closely with these companies to create customer and shareholder value. And now we see that they become attractive to global
The Guernsey Financial Services Commission (GFSC) has released a new set of rules which form an opt-in regulatory regime of measures equivalent to the Alternative Investment Fund Managers Directive (AIFMD).
The AIFMD Rules, 2013 have been published on the GFSC’s website and take effect from 2 January 2014.
Fiona Le Poidevin (pictured), chief executive of Guernsey Finance – the promotional agency for the island’s finance industry, says: “The introduction of the opt-in regime means that we have another piece of the jigsaw in place to ensure that Guernsey funds can continue to be distributed to both EU and non-EU
MoneyPlus Group, backed by Manchester-based Palatine Private Equity, has been authorised as a licensed body by the Solicitors Regulation Authority.
The debt and financial services provider, which represents around 35,000 people, has purchased Manchester firm Richardson Mail Solicitors to facilitate the new legal service.
This is the seventh acquisition made by MoneyPlus Group as it seeks to strengthen its offering in insurance and legal services.
Sale-based Richardson Mail deals in dispute resolution, debt recovery advice and wills and probate. It also advises landlords and tenants on rental agreements.
Palatine invests between GBP10m and GBP25m in regional companies
Emerging Capital Partners (ECP) has exited its investment in MTN Côte d’Ivoire (MTNCI), a mobile network operator in Ivory Coast, through Planor Capital International (PCI).
Planor Capital International is a Mauritian investment vehicle and is the second largest shareholder in MTNCI. The investment delivered a cash multiple of 2.6x on exit, returning over USD80m in capital.
MTNCI – a subsidiary of South Africa-based MTN – provides fixed line, mobile and internet services to over 6.5 million subscribers, capitalising on the telecommunications sector’s growth, which is underpinned by the rising trend for data provision and a diverse product base, such
Luca Paolini (pictured), Chief Strategist at Pictet Asset Management, explains why equities should continue to outperform…
An improvement in global economic conditions should eclipse concerns over the looming withdrawal of US monetary stimulus, and lend support to equity markets heading into year end, traditionally a favourable period for stocks. We therefore maintain our overweight stance on stocks and stick to our underweight position on bonds.
The outlook for bonds is less encouraging. With the US Federal Reserve about to shift to a less expansionary monetary policy and with inflationary pressures unlikely to ease any further, the scope for gains in
International investment bank Altium has advised management of Air Products’ homecare operations on a deal that sees Duke Street, the mid-market private equity group, acquire a majority share in the business.
The Crewe-based company delivers oxygen-therapy, sleep apnoea therapy, ventilation and tele health services to patients in the home. It has a number of private and public healthcare contracts, including the NHS in the UK and the HSE in Ireland.
Established more than 70 years ago, Air Products is listed on the New York Stock Exchange and provides atmospheric, process and specialty gases, performance materials, equipment and technology.
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