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AXA Private Equity, a leading European diversified private equity firm, and international banking group Intesa Sanpaolo, have signed an agreement to acquire a majority 66% stake in Limacorporate SpA.
The existing management of Limacorporate SpA will reinvest in the remaining 34% capital.
Limacorporate SpA, founded by the Lualdi family in 1975, is a global leader in the design, production and distribution of orthopaedic devices. The Group has 600 employers and three production facilities in Italy. In 2011 it had revenues of 117 million euros, 66% of which was generated in markets outside of Italy.
The future strategic growth plan for
Mourant Ozannes has opened an office in the British Virgin Islands (BVI) in response to demand from clients and intermediaries for BVI legal services.
The new BVI office opens with three partners and will focus initially on corporate, international finance, investment funds, investment business regulation, insolvency and litigation services.
Michael Williams, who specialises in corporate, banking and finance work and is described by clients in the Legal 500 directory as "extremely thorough and very responsive”, is relocating to the BVI to oversee the establishment of the office as Managing Partner.
Rachael McDonald leads Mourant Ozannes’ global BVI corporate, banking and finance teams.
SimpliVity, a provider of simplified software defined data centre in a box solutions, has secured USD25m in series B funding led by Silicon Valley-based Kleiner Perkins Caufield & Byers (KPCB).
Existing investors Accel Partners and Charles River Ventures also participated in this financing round, which brings the total funding to date to USD43m.
“SimpliVity is at the forefront of the convergence trend that is transforming enterprise IT," says Matt Murphy, partner at KPCB. "Its flagship offering, OmniCube, leapfrogs competitive products in breadth of functionality and introduces a highly efficient and novel data architecture. The result is an ultra-functional yet low
The Private Equity Foundation (PEF) has raised GBP30m in cash as well as 39,000 hours of pro bono business support over the last five years allowing it to help change the lives of over 97,000 disadvantaged young people.
PEF is committed to unlocking the potential of disadvantaged young people. By helping four to 24 year olds at home, through school and into the workplace, the charity aims to transform their life chances and drive down the nearly one million young people currently not in education, employment or training (NEET).
PEF donates money and pro bono business expertise to charities —
In the 1990s Canada was a ‘basket case’ in terms of its public finances, but took the necessary action to rectify its situation, says Fundsmith founder, Terry Smith (pictured)…
The UK had a record deficit in August, which is no surprise to me, any more than the fact that this is being followed by warbling by all and sundry, including some who should know better, about how the coalition government should be excused from its miniscule deficit reduction targets and polls about how people would like government to spend more. Really? How surprising-like all those rounds of applause from TV
Private equity firm TA Associates has, with the support of the existing management team, completed a buyout of SpeedCast, a global network and satellite communications service provider, from Asia Satellite Telecommunications (AsiaSat).
SpeedCast provides very small aperture terminal (VSAT) satellite-based broadband access services, managed networking solutions and value-added services in more than 30 countries primarily in Asia, the Middle East and Africa. SpeedCast’s customers include telecom carriers, internet service providers, governments and non-governmental organisations, and other enterprises requiring communication services in locations where wire-based communication is not possible or practical, or where mobility is required.
Through its SeaCast offering, the
Kleinwort Benson Group (KBG), the wholly owned subsidiary of financial services group RHJ International (RHJI), has reached agreement with Deutsche Bank to acquire BHF-BANK, a German private bank.
The transaction is subject to regulatory approvals.
Under the transaction, KBG will acquire 100 per cent of BHF-BANK for an agreed consideration of EUR384m, which will be paid in cash and is subject to closing purchase price adjustments.
In addition to funds provided by RHJI, the associated capital increase in KBG is supported by Fosun Group, AQTON SE (the wholly owned strategic investment company of German entrepreneur Stefan Quandt), entities affiliated with
Ahmed Hamdani and Duncan Priston have joined the London team of Bayside Capital, the distressed debt and special situations affiliate of HIG Capital.
Hamdani has more than ten years of experience in the European distressed market. He was previously a portfolio manager at Trafalgar Asset Managers, a London based credit hedge fund where he managed its distressed credit fund. At Bayside, he will lead the firm’s non-corporate distressed investment team focusing on a number of asset classes including real estate, shipping and aircraft.
Priston has over ten years experience in the European distressed market. He was previously a partner
Sagard Capital Partners has completed the acquisition of IntegraMed America for USD14.05 per share in cash, representing a total equity purchase price of approximately USD169.5m.
As a result of the transaction’s completion, IntegraMed’s common stock will cease trading at the close of market today and will be delisted from the Nasdaq Global Market.
Dan Friedberg, managing partner of Sagard Capital, says: “We are thrilled to partner with IntegraMed and its impressive team of medical, clinical and administrative personnel. Over the past 25 years, they have built an enviable reputation for providing the highest levels of service to health care facilities
Novetta Solutions, a portfolio company of Arlington Capital Partners, has acquired International Biometric Group (IBG).
Novetta Solutions, a portfolio company of Arlington Capital Partners, has acquired International Biometric Group (IBG).
Novetta provides advanced, mission critical technology solutions to customers within the national security community and other organisations working with massive quantities of data.
Novetta was established in March 2012 through the merger of White Oak Technologies and FGM. In August, Novetta announced the addition of White Cliffs Consulting (WCC) to the company.
IBG provides identity intelligence services and solutions to both government and commercial clients. Within the biometric identity domain,
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