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Access Group, a business software provider backed by Lyceum Capital, has acquired Delta Software in a GBP5.4m deal.
The acquisition is Access’ fifth since Lyceum Capital backed a GBP50m buyout of the group in March last year to support its long-term growth strategy.
Since then, the company has consolidated its re-seller channel with the acquisition of its four largest partners – ATL, Elite, Hoge and DHC Finance – to create a direct-to-customer model.
Established over 20 years ago, Access provides a range of enterprise resource planning software and services, with a particular focus on financial, human capital and
Mid-market private equity firm Palamon Capital Partners has appointed Michael Beetz as an associate principal.
Beetz, a German national, joins Palamon from Coller Capital where he was a senior associate in its London based investment team.
Prior to this he was an associate at UBS Investment Bank in its London office advising on buyouts, M&A and IPO transactions.
Holger Kleingarn, partner at Palamon, says: “We are delighted to welcome Michael to the firm. His appointment reflects Palamon’s continuing commitment to developing our investment capability and he will join the team as we continue to strengthen our presence both in Germany
Tikehau Investment Management and Macquarie Corporate and Asset Finance’s lending group have agreed to cooperate in providing unitranche, mezzanine, and private bonds to mid-market companies in France.
The Tikehau/Macquarie French credit programme is designed to deliver reliable lending product to borrowers with greater speed, simplicity and certainty of execution.
Tikehau and Macquarie plan to make investments of up to EUR200m in size available to borrowers across a wide range of industry sectors. Borrowers will benefit from bespoke documentation, greater certainty of execution, and straightforward decision making throughout the life of the loan.
“We are pleased to announce this agreement which
Macquarie Group has appointed James F. Frawley as a senior managing director and US head of mergers and acquisitions.
Frawley will join Macquarie from FBR, where he served as head of mergers and acquisitions and head of FBR’s New York investment banking office.
“I am delighted to welcome Jim to Macquarie,” says Rob Redmond, US head of Macquarie Capital, the firm’s corporate finance group. “Jim’s deep M&A expertise complement our already strong product offerings and will further help us to deliver holistic and customised solutions to our clients.”
Prior to joining FBR, Frawley was the co-founder of Legacy Partners Group,
HarbourVest Global Private Equity had an estimated net asset value per share of USD11.49 at the end of June, a USD0.08 per share increase from 31 May 2012 (USD11.41).
This change mainly reflects positive public markets and foreign currency movement, as well as increases in the value of privately-held investments as the portfolio was re-valued to reflect 31 March 2012 valuations.
At 30 June 2012, HVPE is valuing the Absolute portfolio at USD24.77 per share (including dividends received since closing), which is unchanged from 31 May 2012 and a 34 per cent increase over the purchase price of USD18.50
The HPE Private Equity fund is investing more than EUR20m in a minority stake in Cotesa, a manufacturer of fibre-reinforced composites.
The transaction has already been completed.
A team from CMS Hasche Sigle led by lead partner Stefan-Ulrich Müller advised Cotesa and the company’s existing shareholders on all legal aspects of the transaction, which is intended to provide strategic growth finance.
Cotesa makes high-performance components out of fibre-reinforced composite materials for the aviation and automotive industries. It
Investment company HPE specialises in growth finance for mid-sized technology companies in Western Europe. The strategic objective of HPE’s investment in Cotesa is
High Street Capital and Greyrock Capital Group have sold DSI/Data Source to Inverness Graham Investments.
Data Source, based in Kansas City, Missouri, is a business process outsourcing service organisation that provides a solution to document design and distribution and other back-office services.
Terms of the sale were not announced.
High Street Capital and Greyrock Capital Group partnered with the founders in March 2007 to grow Data Source both organically and through acquisitions. During their ownership, Data Source built a management team for growth, expanded to three industry verticals, completed three acquisitions and two strategic partnerships, added over 37 new clients,
Francisco Partners, a technology-focused private equity firm, has acquired Cross Match Technologies, a provider of interoperable biometric identity management systems, applications and services.
“Cross Match has a long history of innovation and has secured significant contracts with the most discerning government clients,” says Keith Geeslin, a partner at Francisco Partners. “Biometric technology is growing in importance, and Cross Match, with its strong management team and quality brand, is in an excellent position to capitalise on this growth.”
Founded in 1996, Cross Match’s offerings include a wide range of multimodal biometric solutions, which are used to capture and process the unique
Tullett Prebon, an inter-dealer broker, has hired Kishore Kansal, the founding partner and chief executive of PEFOX, to its alternative investments team in London as head of Tullett Prebon Private Equity Risk Solutions.
Kansal will be based in London and will lead Tullett Prebon Private Equity Risk Solutions (TPPERS).
Neil Campbell (pictured), head of alternative investments at Tullett Prebon, says: “We’re delighted that Tullett Prebon is bolstering its position and capabilities in risk management, at a time of both greater regulation and continuing economic uncertainty. With institutions coming under increasing pressure to manage risk and associated capital levels, Tullett
The private equity asset management team at Global Investment House has completed the exit of two of its managed funds, the Private Equity Fund and Global Opportunistic Fund I, along with co-invested clients from Al Rayan Holding Company.
The transaction was completed on 12 July 2012 and represents an 82 per cent stake.
The funds launched Al Rayan in 2007, and through acquisitions and organic growth created a network of six schools with over 10,500 registered students, making it the largest educational group in Kuwait offering educational services from kindergarten to high school.
In late 2009, the company went through
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