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Axel Springer Digital Classifieds, a strategic partnership between Axel Springer and the global growth investor General Atlantic founded in the spring of 2012, has signed an agreement to acquire allesklar.com, which operates Germany’s local portal meinestadt.de.
The company is being sold by the founding Stegger family (56.1 per cent) and by Holtzbrinck Digital Strategy (43.9 per cent).
Founded in 1996, the Siegburg-based company currently employs a staff of about 300 people. Its most important asset is the local portal meinestadt.de, which attracts more than eight million unique monthly users (AGOF). Users turn to meinestadt.de for a variety of local
New York-based private equity firm Lightyear Capital, has acquired Healthcare Benefit Solutions from Fidelity National Information Services (FIS) in a deal worth USD335m.
“FIS has built a market leading position in healthcare account processing and payment services, and this business continues to perform very well,” says Gary Norcross, president and chief operating officer of FIS. “TripleTree was retained to help us understand the considerations associated with the healthcare business. We ultimately made a decision to divest of the business. TripleTree provided us with good alternatives as our advisor and was a solid partner throughout the engagement until closing. The divestiture
AXA Private Equity, a European diversified private equity firm, has acquired Riemser Arzneimittel, an international specialty pharmaceutical company headquartered in Greifswald, Germany.
AXA Private Equity has acquired the shareholdings of Riemser’s founding Braun family and those of various minority stakeholders, including TVM Capital. The completion of the transaction remains subject to approval by the German competition authority.
Riemser operates internationally and has a primary focus on the sales, marketing and lifecycle management of pharmaceutical products for niche therapeutic markets with high medical need in the fields of oncology, anti-infectives and dermatology. In 2011, Riemser, which has around 500 employees on
Kohlberg Kravis Roberts’ KKR China Growth Fund, a China-focused investment fund managed by KKR, has invested in Novo, a fashion apparel retailer focused on the urban youth demographic in China.
Since KKR’s investment, Novo has expanded its nationwide store network and pursued licensing agreements with international fashion brands to help fuel its growth in China.
“Novo was one of the first and remains one of the largest established specialised department store chains targeting the underserved urban youth fashion market in China. We are very impressed with KKR’s global franchise and the China team’s strong track record. There is a history
MSC Care Management, a company backed by private equity firm Monitor Clipper Partners that serves post-discharge and post-injury workers’ compensation claimants, has completed its merger with One Call Medical, a provider of services that lead to faster, more efficient and more cost-effective resolution of claims.
MCP invested in MSC in 2005.
The merger, which was initially announced on 31 July 2012, combines two providers of specialised services that support the workers’ compensation industry. The merged companies will operate under the One Call Medical parent entity.
MSC president and chief executive Joe Delaney will assume the title of president of
The brisk acceleration in middle-market private equity deal volume seen in the last half of 2011 and the first quarter in 2012 stalled out somewhat in the second quarter of 2012, according to GF Data’s second-quarter report.
"Despite an unprecedented availability of capital, improved corporate performance in many sectors and anticipated increases in federal tax rates in 2013, completed deal volume in 2Q was less than expected," says Andrew T. Greenberg, GF Data’s chief executive and co-founder.
GF Data issues detailed reports, available to subscribers, on M&A transactions in the USD10m to USD250m value range completed by middle-market private equity
Excellere Partners, a Denver-based private equity firm focused on partnering with middle-market entrepreneurs and management teams, has expanded its investment portfolio through its investment in Integrated Petroleum Technologies, a provider of oil and natural gas engineering consulting services.
IPT will use the capital, proprietary tools and resources provided by Excellere to grow the scope and reach of its service offerings through organic growth initiatives as well as selective, strategic acquisitions.
Founded in 1991 and headquartered in Lakewood, Colorado, IPT specialises in the integration of modern oil and natural gas reservoir engineering, hydraulic fracture stimulation and well completion technologies to optimise
Atlas Venture and Matrix Partners have invested in sqrrl, the company focused on security, scalability and adaptability for Big Data.
Chris Lynch of Atlas and Antonio Rodriguez of Matrix will join the company’s board of directors.
sqrrl’s seed round will enable the company to aggressively hire to meet the rising demand for secure, scalable, and adaptable Big Data products and fuel the release of an enterprise version of Apache Accumulo that extends the core technology.
"The sqrrl team is an awesome group of people that knows Big Data and knows security," says Lynch. "Their impressive experience, technical strength, and the
Raptor Consumer Partners, a consumer-focused growth equity firm, has partnered with obstacle racing series Spartan Race.
John Burns, managing director at Raptor Consumer Partners, will join Spartan Race’s board of directors.
In connection with RCP’s investment, Spartan Race will also work closely with Raptor Accelerator and Raptor Sports Properties, gaining access to their strong relationships and deep expertise in the sports industry.
The terms of RCP’s investment were not disclosed.
RCP’s investment in Spartan Race is the firm’s third investment in a rapidly expanding Boston-area market for growth stage companies. In 2012, RCP invested in a next generation food company,
Interface, a worldwide floor coverings company, has completed the previously announced transaction to sell its Bentley Prince Street business segment to an affiliate of Dominus Capital, a private equity investment firm.
The transaction was closed on terms and conditions consistent with those previously disclosed.
Interface is the world’s largest manufacturer of modular carpet, which it markets under the Interface, FLOR, and Heuga brands. The company is committed to the goal of sustainability and doing business in ways that minimise the impact on the environment while enhancing shareholder value.
Bentley Prince Street manufactures and markets award-winning broadloom, carpet tile and area
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