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Silverfleet Capital’s Buy & Build Monitor for Q1 2012, shows a dramatic fall in Buy & Build activity in Europe, with volume failing by around a third from the level seen in Q3 and Q4 of 2011, the lowest of any quarter since mid-2009.
The average disclosed value of add-ons fell by 38% to GBP21 million down from an already very modest GBP34 million in Q4 2011 and GBP70 million in Q3 2011. The average disclosed value per add-on was the lowest of any quarter in the last four years.
The number of add-ons undertaken in Southern Europe has been
Business Growth Fund (BGF) and NVM Private Equity (NVM) have committed GBP10m of growth capital to acquisitive Northern pub chain, Wear Inns.
BGF has invested GBP8m and NVM has invested a further GBP2m in the business, which it has backed since start-up in 2006. BGF will take a minority stake in the business and will join the existing board.
Founded in 2006 by local entrepreneurs John Weir (CEO) and John Sands (Chairman), Wear Inns focuses on the acquisition and management of freehold community pubs across the North East and Yorkshire. The estate currently comprises 15 sites, including The Townhouse
AXA Private Equity, a European diversified private equity firm, will arrange a EUR22 million mezzanine tranche alongside Euromezzanine to support the acquisition of Stokomani by Sagard, the French investment fund.
Stokomani is being acquired by Sagard from Advent International, a leading global buyout firm. The transaction is expected to complete in June.
Stokomani is a leading French discount retailer of high-end brands. Throughout its network of 37 stores, Stokomani offers a wide range of branded goods at attractive prices, from clothing, sportswear, beauty and healthcare, toys and homeware. This unique concept, developed by CEO Jean-Jacques Namani, has seen the company
The California State Teachers’ Retirement Board, the governing body of CalSTRS, has selected Pension Consulting Alliance as the private equity consultant to its Investment Committee for the next five years.
PCA will provide independent assessments of the private equity portfolio’s performance.
PCA will also prepare the semi-annual performance reports and review the annual business plans. The firm will review, comment and make independent recommendations on investment strategies, policies and practices of the private equity program. PCA will also provide independent, objective analysis of proposed investments.
PCA is an employee-owned Portland, Ore. firm founded in 1988 and chartered in Delaware. The
The Aureos Southern Africa Fund LLC (ASAF) has sold its stake in South African brick and clinker aggregate manufacturing group, SA Block (Pty) Ltd.
SA Block manufactures bricks and clinker aggregate from clinker, the ash by-product produced when coal is burnt for electricity, thereby recycling what would otherwise be environmental waste. The clinker supplied by SA Block has unique advantages to manufacturers of concrete products.
ASAF is managed by Aureos Southern Africa Managers Ltd, a subsidiary of Aureos Capital Limited, a leading private equity fund management company specialising in investing in small and mid-cap companies in global growth markets.
Guernsey Funds Forum 2012 held in London this week attracted well in excess of 400 delegates – a new attendance record for the event.
The half-day conference and exhibition included two panels sessions – one on regulation and another on manager/investor relationships – and was followed by a macroeconomic debate featuring former UK Chancellor of the Exchequer, Lord Norman Lamont and Economics Editor and Broadcaster, Stephanie Flanders.
The event was moderated for the third consecutive year by Senior ITV News Anchor, Alastair Stewart.
Fiona Le Poidevin, Deputy Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance
Appleby has released the inaugural edition of Offshore-i, which provides quarterly data and insight on merger and acquisition activity in major offshore financial centres. The report looks at M&A activity for the first quarter of 2012, providing sector analysis and expert insight on deal types and geographic trends.
The key themes emerging from the report show:
Deal values in Q1 2012 increased by 25% from the previous quarter’s USD23.2bn to USD30.9bn.
The number of transactions in the offshore sector in Q1 2012 amounted to 412. While deal volumes were lower than the same period a year ago, there is still
More than three-quarters (78%) of respondents to Clifford Chance’s Cross-border M&A: Perspectives on a changing world survey of large global companies are looking for growth outside of their established domestic markets.
The research study into current trends in cross-border M&A found that over half of companies surveyed (56%) are focusing their M&A strategy on the high growth economies.
The research, which was conducted by the Economist Intelligence Unit on behalf of Clifford Chance, surveyed nearly 400 companies each with revenues of more than USD1 billion, including 80 chief executives and 185 other C-level executives from a wide range of
Private equity returns have fared better than their listed counterparts both before and since the onset of the financial crisis, according to analysis carried out by Preqin.
The PrEQIn Index, available through the Preqin Investor Network – the free dedicated platform for private equity investors, shows that returns from private equity investments fell by less than those from listed investments in the immediate aftermath of the crisis, and have since recovered more quickly.
The PrEQIn Index shows that all private equity strategies, with the exception of venture capital, have outperformed the S&P 500 since 31st December 2000. However, there is
Lyceum Capital-backed energy consultancy firm M&C Energy Group is set to be sold to trade buyer Schneider Electric, a French-headquartered multinational energy management company.
Contracts have been exchanged and the deal, which is subject to customary regulatory approvals, is expected to complete in Q2 2012.
M&C was acquired by Lyceum Capital in December 2009 and, under the growth investor’s ownership, has acquired five complementary businesses in the UK, Germany, Hungary, the US, and Australia, expanded into major growth markets, and significantly grown its base of large corporate clients from 50 to over 700.
Dunfermline-headquartered M&C has operations
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