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2011 was another year of growth and recovery from the 2009 trough, establishing the Central and Eastern European region as an area of reasonable stability with relative fiscal prudence and continued positive prospects.
This is according to the European Private Equity and Venture Capital Association’s Central and Eastern Europe Statistics 2011 report.
Private equity and venture capital funds focused on CEE attracted EUR941m of new funds in 2011, up 48 per cent compared to 2010 (and more than 135 per cent on the previous year), an increase mainly driven by buyout funds. In line with overall European trends, these
Bacterin International Holdings, a developer of bone graft material and antimicrobial coatings for medical applications, has closed a USD25m non-dilutive financing with an affiliate of OrbiMed Advisors.
The financing will enable Bacterin to execute its growth strategy through anticipated profitability.
Under the terms of the agreement, Bacterin initially received USD20m and has the ability to draw down an additional USD5m based upon the achievement of mutually agreed upon revenue objectives prior to 31 December 2013. The company received net proceeds of approximately USD10m after repayment of existing indebtedness as well as other transaction related fees and expenses. Net proceeds will
Clayton, Dubilier & Rice is to acquire David’s Bridal, a retailer of bridal gown and wedding-related apparel and accessories in North America.
Leonard Green & Partners will continue as a minority partner. The transaction values the company at approximately USD1.05bn. Additional terms of the transaction were not disclosed.
David’s Bridal stores provide an assortment of designer wedding gowns, special occasion dresses and accessories at affordable prices. The company designs, produces and sells a wide selection of styles and sizes through a network of over 300 US and five Canadian stores. David’s Bridal’s exclusive partnership with Vera Wang, under the brand
Ludgate Investments, a private equity investor in resource efficiency businesses, has appointed Bernard Bulkin and Ekaterina Sharashidze as non-executive directors with immediate effect.
Both Bulkin and Sharashidze (pictured) will serve on Ludgate’s investment committee and join a team which has raised and deployed over GBP75m in 25 growth companies over the last decade, including GBP51m by Ludgate Environmental Fund, since its launch in 2007.
Bulkin comes to Ludgate Investments after a career spanning both corporate and investment roles in energy and resources. He is currently senior adviser at Vantage Point Capital Partners, a role he has held since 2004
Fajr Capital has acquired Dubai International Capital’s stake in the MENA Infrastructure Fund.
Fajr Capital will take its place alongside the two other general partners and co-sponsors of the fund, HSBC Bank Middle East and Abu Dhabi-based Waha Capital, and will also be a limited partner with other regional and international investors.
Fajr Capital is an international Islamic investment firm with a focus on financial services and other strategic sectors in key Muslim markets. It is backed by the Abu Dhabi Investment Council, the Alsubeaei Group, the Government of Brunei Darussalam, the HSBC Group and Khazanah Nasional. The
Novetta Solutions, a portfolio company of Arlington Capital Partners, has acquired White Cliffs Consulting (WCC).
WCC specialises in the digital discovery domain and applies multidisciplinary high-end technical analysis, software engineering, and mission engineering to the entire end-to-end Signal Intelligence (SIGINT) and cyber mission spectrum.
Based in Columbia, Maryland, WCC has grown rapidly since its inception in 2006 and today employs approximately 60 professionals. WCC’s expertise and technical capabilities will enhance Novetta’s ability to solve the challenges of a rapidly changing and evolving big data world.
Novetta provides high-end, mission critical technology solutions to customers within the Intelligence, Department of Defense,
Excellere Partners, a Denver-based private equity firm focused on partnering with middle-market entrepreneurs and management teams, has completed its investment in PhyMed Management, the management services company to Anesthesia Medical Group (AMG).
This represents the second platform investment in Excellere Capital Fund II.
Nashville, Tennessee-based AMG is one of the largest providers of anaesthesia services in the US, with more than 60 physicians and 200 certified registered nurse anaesthetists (CRNA), serving medical facilities within Tennessee.
Excellere continues to pursue investments within five targeted industries: healthcare; specialty foods; industrial technology and services; business services; and education and training.
AMG’s physician leaders,
CDC Group plc, the UK’s development finance institution, has made a series of new appointments designed to strengthen its investment teams and enable the company to start to implement its new strategy.
Holger Rothenbusch has been appointed as Managing Director of the new Debt and Structured Finance Team and starts on 3rd September. Holger rejoins CDC having previously worked at DEG, the German development finance institution. At DEG, Holger was Senior Vice President Asia & Europe, responsible for a portfolio of equity, debt and mezzanine investments of more than EUR2.5bn. Prior to DEG he worked at CDC as Head of
Morgan Stanley Infrastructure Partners (MSIP) has increased its ownership stake to 100 per cent of the common equity of Southern Star Central Corp, parent company of Southern Star Central Gas Pipeline.
MSIP, a USD4bn global infrastructure fund, originally acquired a 40 per cent economic stake with 50 per cent governance rights in Southern Star in March 2010.
Southern Star is the primary gas transmission and natural gas storage facility provider for several major US Midwest cities and power generation providers. Southern Star serves metropolitan areas in Missouri (Kansas City, St. Louis, Springfield, St. Joseph and Joplin), Kansas (Wichita, Kansas City,
US-based companies were the most active in completing mergers and acquisitions with emerging and high-growth market companies in the first half of 2012, but deal activity dropped by 33 per cent compared with the first half of 2011, according to KPMG International’s latest Emerging Markets International Acquisition Tracker study.
The semi-annual KPMG study, which tracks completed deals in which an acquirer took at least a five per cent shareholding interest, found that US-based companies completed 108 emerging and high-growth market acquisitions in the first half of 2012, down from 160 in the first half of 2011.
This drop in acquisitions
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