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Orrick Rambaud Martel is advising RCS Mediagroup, a European press and publishing company, in relation to the sale of its subsidiary Flammarion, which is led by Teresa Cremisi.
RCS Mediagroup accepted the EUR251m offer received from Gallimard to buy 100 per cent of RCS Livres, the parent company of Groupe Flammarion, which is the fourth largest publishing group in France.
Groupe Flammarion includes other major publishing companies such as Autrement, J’ai lu or Casterman.
The alliance between Flammarion and Gallimard would create the third largest independent French publishing group.
In order to be accepted and concluded, the deal is subject
Developed and developing economies remain caught in the eurozone downdraft as a long series of crisis summits has brought the resolution of the debt crisis no closer. In his Quarterly Economic Outlook for Q3 2012, Invesco Ltd’s Chief Economist John Greenwood analyses the fundamental flaws in the architecture of the single currency as well as the future prospects of the eurozone and the global economy…
Further global economic weakness is unavoidable until a credible, sustainable resolution to the eurozone crisis is within sight. With the EU representing about one fifth of global GDP, this crisis is not only generating a
Portware, a provider of broker-neutral, multi-asset trading solutions, has completed its acquisition of the technology and analytical assets of Aritas Group.
The acquisition also includes a portfolio of 17 patents covering Aritas’ predictive analytics and algorithmic optimisation technology.
Aritas’ Alpha Pro and Algorithmic Switching Engine have been rebranded as Portware Alpha Vision, and are immediately available to all industry participants.
Offered in partnership with the brokerage community, Alpha Vision provides buy-side institutions with end-to-end workflow automation and commission optimisation tools, allowing clients to improve trading performance while maintaining and enhancing broker relationships.
Portware Alpha Vision is the first
Shareholders of luxury crystal firm Baccarat have approved private equity firm Catterton’s previously announced investment in the company.
The shareholders’ meeting also approved the appointment of two partners of Catterton, Michael Chu and Neda Daneshzadeh, as directors of Baccarat.
Chu says: "We are pleased to complete this investment and look forward to working with Baccarat and Groupe de Louvre as we leverage our brand, retail, and operating expertise to accelerate Baccarat’s growth and development on an international scale. Baccarat is one of the most admired luxury brands in the world, and we look forward to supporting the Company’s long-term success."
Law firm Loeb & Loeb has hired Allen Z. Sussman in its Los Angeles office as a partner in the capital markets and corporate practice groups.
He was previously a partner in the corporate and securities practice at Reed Smith in Los Angeles.
Sussman focuses his practice on corporate and securities transactions and counselling for clients ranging from newly formed start-up teams to mature public companies in a variety of industries, including healthcare, entertainment, technology and banking. He also represents private equity investors and activist shareholders in acquisition transactions and control contests.
Loeb & Loeb chairman Michael D. Beck says:
Huron Capital has sold its interest in Labstat International ULC through its holding company, Apex Laboratories International, in a transaction that returned over six times its original investment.
Apex was recapitalized by Alaris Royalty, a Canadian private investment firm, and Labstat management.
Huron’s 2006 investment in Labstat and Apex was made through its second fund, The Huron Fund II, a USD185,000,000 fund closed in 2005.
KPMG Corporate Finance advised Labstat on the transaction and Honigman, Miller, Schwartz and Cohn served as counsel.
Based in Ontario, Labstat provides chemistry and toxicology testing services to global tobacco manufacturers for both regulatory and
AXA Private Equity has sold the majority of Home Shopping Europe (HSE24), the TV home shopping group, to Providence Equity Partners.
After yesterday’s closing of the transaction, AXA Private Equity will remain a 15 per cent shareholder.
In 2009, AXA Private Equity acquired HSE24 in an all-equity transaction from the insolvent Arcandor group. Under AXA Private Equity’s ownership, the multi-channel retailer continued its growth path with net sales growing by more than 10 per cent per annum and the number of employees rising significantly.
HSE24 continued to gain market share in its home markets and further increased its multi-channel
DCG in Jersey has appointed Paul Perris to a senior role designed to help further develop the firm’s funds business and to expand its service capabilities globally.
Perris (pictured) has more than 20 years’ experience in the establishment and administration of a wide range of multi jurisdictional corporate, real estate and private wealth structures for global funds, institutions and ultra high net worth individuals.
He joins DCG from Ogier, the offshore law firm and fiduciary group where he was a partner and group director.
Perris has experience dealing with Middle Eastern investors, sovereign wealth funds and family offices and spent
Falcon, an entity controlled by funds managed or advised by Mid Europa Partners, which holds a 39.2 per cent stake in T-Mobile Czech Republic (TMCZ), has completed the syndication of an additional CZK875m (approximately EUR35m) of its senior facility to Volksbank.
This increases total commitments under the facility to CZK10bn (approximately EUR400m). Net proceeds will be distributed to Falcon’s shareholders.
In January 2012, Falcon raised CZK9.125bn (approximately EUR365m) through a senior facility underwritten by a group of six local and international banks (Citi, CSOB, Erste Group Bank/Ceska sporitelna, ING Bank, Raiffeisen Bank International, and Société Générale) and coordinated by
iCON Infrastructure, an investment firm focused on investments in core infrastructure in Europe and North America, has hired four to its executive team.
Daniel Hales has joined the iCON team as director of finance, with responsibility for overseeing all aspects of the financial and operational management of iCON and its associated funds. Prior to joining iCON, he spent four years with an FSA regulated investment firm as group financial controller and compliance officer.
Hales will manage a team that includes Anette Grindsted, who joins iCON with a background of performing project management roles in the public and private sectors,
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