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Gear4Music.com, an online retailer of musical instruments and equipment, is set for 50 per cent growth this year, with an increase in turnover from GBP12m to a forecasted GBP18m at the end of the financial year.
The Yorkshire-based company, which employs 100 staff, was founded in 2003 and has continued to grow at a rapid pace since receiving a GBP3.4m investment by Key Capital Partners (KCP) in 2012.
As well as a growth in sales, the company has moved into larger 135,000 sq ft premises on the outskirts of York to further expand its logistics capabilities in the UK
Ardian and Italian private equity firm Consilium SGR have sold Rollon Group to Chequers Capital and IGI SGR.
Based in Vimercate (Milan), Rollon is an Italian manufacturer of linear rails and actuators.
The group generates 80 per cent of its revenues abroad, thanks to its German, French and US subsidiaries. Sales in 2012 reached EUR54m.
The deal was structured as a management buy-out led by the current group chief executive Eraldo Bianchessi. Chequers Capital, a French investment company and IGI SGR, an Italian private equity firm, will hold a majority stake in the group.
In 2010, Ardian
Alternative assets law firm MJ Hudson has appointed two senior M&A/venture capital lawyers – Karma Samdup and Graham Nicholson.
Samdup, previously of CMS Cameron McKenna, joins as a partner of the firm to lead the venture practice.
Samdup brings to the firm his strong reputation for advising start-ups and high-growth companies, as well as angels and VCs in the technology and life sciences sectors.Samdup also has extensive experience of advising corporate and management teams on public and private M&A, private equity and venture capital transactions and joint ventures.
Previously an equity partner in SJ Berwin’s private equity group,
Oppenheimer Europe, the London-based arm of Oppenheimer & Co, is acting as joint adviser to Unit4 NV on the recommended cash offer by Advent International.
The offer values Unit4 at approximately EUR1.3bn.
Unit4 is a cloud-focused business software company aimed at helping public sector and commercial services organisations to embrace change simply, quickly and cost effectively in a market sector it calls Businesses Living IN Change (BLINC).
Unit4 incorporates a number of software brands including Agresso, the flagship ERP suite for mid-sized services intensive organisations; Coda, the financial management software; and FinancialForce.com, the cloud applications company formed with
Burton’s Biscuit Company has signed a sale agreement with Ontario Teachers Pension Plan (OTPP). The sale process attracted interest from multiple high quality bidders, including from a number of private equity houses and trade companies.
The agreement with OTPP, a leading investor and Canadian pension fund, is testament to the strong financial performance of Burton’s and its clear strategy to deliver long-term sustainable growth in the UK and internationally.
Since 2009, Burton’s has been transformed into the UK’s leading premium biscuit manufacturer through best-in-class innovation and a growing international presence across its strong portfolio of Power Brands. It has benefited
Gatemore Capital Management, the boutique investment advisory firm, has launched Gatemore Pension Advisory (GPA), a new service aimed at corporate sponsors of underfunded pension schemes.
GPA brings together experts across investment, actuary, regulatory, legal and accounting disciplines to serve as an advisory team tasked with identifying the most creative and cost-effective ways for companies to reduce their pension deficits.
Liad Meidar (pictured), managing partner at Gatemore, says: “Most sponsors are getting advice from firms selling the predictable suite of products and services. Our message to business owners seeking to maximise enterprise value ahead of a potential exit – and to senior
Garth T Troxell has joined Summer Street Capital, a Buffalo, New York-based private equity fund, as a partner.
Troxell will be actively engaged in all aspects of Summer Street's investment activities and portfolio management, and will lead Summer Street's investor relations efforts.
Troxell has a diverse experience base spanning consulting, private equity, and investment banking. Prior to joining Summer Street, he served as a consultant to investment banking and private equity clients. From 2002 to 2012, he was with Altius Associates, the private equity consulting and fund of funds firm, most recently as a partner and executive director.
Pan-European mid-market private equity firm Stirling Square Capital Partners has appointed Jonathan Heathcote as a partner and Matteo Nichil as an executive to the firm.
Heathcote joins from Palamon Capital Partners where he was one of six partners responsible for the origination, execution and management of European mid-market investments, primarily in Spain, Germany and the UK.
Prior to this, Heathcote was a consultant to Stirling Square in 2007-08 and was involved in a number of notable transactions during that time, including the acquisition of Italian aerospace company Microtecnica. He was a partner at European Acquisition Capital in 2002-07 and
HarbourVest Global Private Equity’s (HVPE) estimated net asset value per share at the end of October was USD13.13, a USD0.08 per share increase from the 30 September 2013 estimate of USD13.05 and a USD0.67 per share (five per cent) increase from 31 January 2013.
This change mainly reflects increases for privately-held securities as a portion of the portfolio was revalued to reflect final 30 September 2013 results. The increase was partially offset by operating expenses.
During October, HVPE invested USD13.4m in US fund-of-funds and secondary funds, including the increased commitments to HarbourVest US fund-of-funds. The company received USD11.6m of
Law firm Eversheds has advised workforce payment solutions provider FleetCor Technologies on the acquisition of Epyx, a technology solutions provider to the fleet sector, from HgCapital.
Epyx provides an internet based system and vehicle repair network to fleet operators in the UK. The company services approximately 9000 garages and automates vehicle maintenance and repair needs.
The acquisition strengthens FleetCor’s product offering in the fleet sector, enabling the company to expand its services from fleet fuelling to fleet maintenance.
The Eversheds team was led by partner and head of diversified industrials Robin Johnson, and supported by partners Stephen Rose
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