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21 Partners is branching out into Poland with an additional local team and mid-market private equity fund, 21 Concordia.
This extension of existing private equity hubs in Italy, France, and Switzerland marks a new chapter in the development of 21 Partners in association with four Polish partners benefiting from investment expertise, knowledge and experience of the local market.
21 Concordia has completed its first closing, with aggregate commitments of EUR60m. The 21 Concordia fund has garnered the support of international institutions European Investment Fund (EIF), European Bank for Reconstruction and Development (EBRD), in addition to the Polish Growth Fund
Morgenthaler Private Equity (MPE) has sold Satellite Logistics Group (SLG), a provider of reverse beverage logistics and supply chain management solutions, to JF Hillebrand Group.
SLG is an asset-light provider of reverse logistics solutions and related services to the beer and beverage industry. Its supply chain solutions include Kegspediter keg management, LogiTrax freight management and EcoBev beverage disposal services.
Headquartered in Houston, Texas, SLG manages two company-leased and nine third-party-operated distribution and consolidation centres near major ports and transportation hubs throughout the US.
Terms of the transaction have not been disclosed.
Kevin Brady, chief executive of SLG,
Nordic Capital Fund V and funds advised by CVC Capital Partners have through their respective holding companies, Cidron Pord and Godis Holding, sold their entire holding of 16.1 per cent of the shares in Cloetta in a placement to institutional investors in Sweden and other countries.
The placement was made at a price of SEK19.40 per B-share.
Nordic Capital and CVC acquired Leaf in March 2005 with the goal of growing the company and strengthening its competitiveness. Leaf and listed Cloetta merged in February 2012. The merged company has since then been listed on Nasdaq OMX Stockholm as Cloetta
Metric Capital Partners (MCP), the European private capital group, has completed its growth capital investment in Secure Trading Limited, a global payment services provider headquartered in London.
Secure Trading offers a suite of payment solutions to online businesses, including a payment gateway, online accounting and treasury management, and counter-fraud services.
Metric’s investment will further drive its expansion in the online payments industry.
The company is part of the UC Group, which owns several technology companies in the payments domain, including Cognosec, an IT security and PCI compliance specialist based in Vienna.
Secure Trading is headquartered in Canary
Shareholders of CLS Group elected Hirochika Iwadare to the board of directors at an extraordinary general meeting of shareholders held earlier this month.
Iwadare, located in Tokyo, is general manager of the global markets trading division at The Bank of Tokyo Mitsubishi UFJ.
Prior to his current role, Iwadare held a variety of positions at The Bank of Tokyo Mitsubishi UFJ, including general manager and treasurer of the global markets division for the East Asia region, chief manager of the international treasury and investment division, and chief manager of the global markets planning division.
Gerard Hartsink, chairman of
Sidley Austin has appointed Ram Burshtine as a partner in the global finance practice in the firm’s New York office.
Burshtine brings extensive experience in representing financial institutions, private equity sponsors and corporate borrowers in a wide range of domestic and cross-border financing transactions.
“Ram is an experienced and skilled finance practitioner with an impressive track record of advising top-tier clients,” says Michael J. Schmidtberger, managing partner of the firm’s New York office. “We are pleased to welcome him to our international team of transactional lawyers focused on providing strategic and real-time counsel to clients addressing the latest developments
Alliance Automotive Group, with the support of its shareholder Weinberg Capital Partners, has issued a EUR185m private bond.
The financing was arranged by Goldman Sachs and was syndicated to a small group of institutional investors.
The seven-year bond with bullet repayment, provides the group with the financial flexibility to continue its long-term investment strategy and in particular enables it to apply its free cash flow to fund external growth.
Alliance Automotive Group has completed 22 acquisitions over the last seven years, including two major transactions in France in 2013 with the result that revenues have increased from EUR540m
The African Private Equity & Venture Capital Association (AVCA) has added six new members to its Legal & Regulatory Committee, which is co-chaired by Mara Topping, partner at White & Case and Solomon Wifa, partner at O’Melveny and Myers.
The industry members joining the committee include: Karim S. Anjarwalla, managing partner, Africa Legal Network; Geoffrey Burgess, partner, Debevoise & Plimpton; Patrick Deasy, partner, King & Wood Mallesons SJ Berwin; Arnaud Duhamel, partner, Gide Loyrette Nouel; Kem Inhenacho, partner, Clifford Chance; and Lele Modise, head of private equity Africa, Bowman Gilfillan.
Topping says: “As private investment opportunities in Africa are
Despite signs of an initial recovery in the UK economy, it is imperative that more liquidity and finance reaches small businesses if the country is to achieve sustainable economic growth, according to TradeRiver Finance.
TradeRiver Finance, an online funding solution for SMEs, says that while the government is working hard to increase liquidity for small businesses, more needs to be done to ensure the growth of Britain’s small and medium sized companies, which in turn will help boost employment levels.
The UK is currently behind the rest of Europe in the number of people employed by small companies. According
The Russian Direct Investment Fund (RDIF) and Fondo Strategico Italiano (FSI) has signed a memorandum to establish a EUR1bn Russian-Italian investment platform.
The signing ceremony took place in Trieste in presence of the President of Russia Vladimir Putin (pictured) and the Prime Minister of Italy Enrico Letta.
The two financial institutions will invest up to EUR500m each primarily in companies and projects promoting the development of foreign trade and FDI between Italy and Russia.
Kirill Dmitriev, chief executive of RDIF, says: “The Russian-Italian investment platform has the significant potential to stimulate mutual trade and investment cooperation between Russia
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