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The public markets showed a strong appetite for US venture capital companies in the first quarter but corporations did not as the pace of acquisitions slowed dramatically, according to Dow Jones VentureSource.
Twenty companies held initial public offerings (IPOs) during the first quarter making it the most active quarter for IPOs since the fourth quarter of 2007 and the most active first quarter since 2000. Ninety-four companies were acquired for USD18.1 billion during the same period, the second-straight quarter of declining deal volume for mergers and acquisitions (M&As).
"Greater stability in the public markets, more corporations opening venture units to
Munich-based venture capital firm Target Partners, in collaboration with High Tech Gründerfonds (HTGF) and Estag Capital, has taken a financial stake in GameGenetics (www.gamegenetics.com), as part of a series-A financing round.
The financial investment is in the seven-digit Euro figure, and will support the Berlin-based aggregator and distributor of free-to-play online games in its planned expansion into the UK and US markets.
GameGenetics GmbH enables game developers and publishers to market more effectively and to speed up their global growth. The company also supports traffic and media partners across the globe with a first-class line of games. GameGenetics works with
Energy and resources-focused global private equity firm Denham Capital Management has closed its sixth fund, Denham Commodity Partners Fund VI LP.
Launched in July 2011 and closed eight months later in March 2012, Denham Capital raised USD3 billion in total third-party commitments for Fund VI from a variety of institutional investors globally, representing leading foundations, endowments, public and private pension funds, sovereign wealth funds and family offices. Fund VI was oversubscribed, exceeding the targeted cover amount of USD2.5 billion. Denham received strong support from investors in its prior fund, with nearly 90 percent of commitments participating in Fund VI.
Denham
Molson Coors Brewing Company (NYSE: TAP; TSX) has signed a definitive agreement with to acquire StarBev LP, owned by funds advised by CVC Capital Partners Limited (CVC) and StarBev management, for EUR2.65 billion (USD3.54 billion).
Headquartered in Amsterdam, Netherlands and Prague, Czech Republic, StarBev operates nine breweries in Central and Eastern Europe (CEE) and generated 2011 sales of nearly EUR0.7 billion (USD1.0 billion) and earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR241 million (USD322 million).
“The acquisition of StarBev fits squarely into Molson Coors’ strategy to increase our portfolio of premium brands and deepen our reach into
The Africa Health Fund (AHF) has completed a USD5million investment in Therapia Health Limited, the holding company for The Bridge Clinic Limited, the first assisted reproductive centre in West Africa.
The Bridge Clinic is one of the few of its kind able to provide the same standard of reproductive technology in Nigeria as is available in more developed countries.
The Africa Health Fund is managed by Aureos, a leading private equity fund management company specialising in small and medium-size businesses in emerging markets. The Fund’s objective is to help low income Africans gain access to affordable, high quality health
Private equity firm Advent International has announced a partnership with the founders of CARE Hospitals (CARE).
Advent will invest USD105 million of equity capital in CARE by acquiring shares from some of the existing investors and injecting additional capital into the business. This will help the business consolidate its position in the healthcare sector and capitalise on the growth opportunities. The business will continue to be run by the founders following Advent’s investment.
CARE is the largest multi-specialty hospital chain in South India, with strength in cardiac care, neurology, nephrology and general medicine. The hospital chain is ranked number
GCP, a provider of blended equity and debt to the UK’s small to medium sized businesses, has announced the appointment of Richard Shaw as investment manager. Richard, who joins from Clearwater Corporate Finance, provides additional transactional resource as GCP begins to deploy its recently raised GBP160m Fund III. This is GCP’s third appointment in six months.
Bill Crossan, managing Partner of GCP says: “Richard joins us at an exciting time for our business and he brings much experience of sourcing and transacting deals. Richard will be a real asset to our business and we are delighted to have him on
Vistra has opened a new office in Mauritius to target the growing opportunities in the region and in particular in the African and Indian markets. Vistra (Mauritius) Limited opened on 02 April, following the granting of a licence to operate as a Mauritius management company by the local regulatory authority.
Vistra believes Mauritius offers an excellent gateway for clients seeking investment structuring solutions for African markets, given the continent’s vast natural resource wealth and rapidly growing economies. At the same time, Vistra believes having a Mauritius base will offer significant opportunities to target inbound and outbound investments in the Indian
The total number of mergers, acquisitions, flotations, rights issues and placements announced during Q1 2012 fell by 19.8 per cent, according to figures released by Experian.
The number of deals announced fell to 944 in Q1 2012, down from 1,177 in Q1 2011. However, Scotland and the South West were the only regions to see deal volumes increase, up by 14.9 per cent and 14.1 per cent respectively.
The value of UK deals during Q1 saw a significant increase of 62.8 per cent compared to Q1 2011, led mainly by one transaction – the Glencore International Plc acquisition of Xstrata
Carey Olsen has advised Kreos Capital on the establishment of a new expert fund and an investment management company in Jersey. Regulatory consents and approvals were obtained in 2011 with initial drawdown of investor commitments expected early in 2012.
The fund, Kreos Capital IV (Expert Fund) Limited, has EUR120 million of committed capital from its initial closing and Kreos Capital has set up a regulated fund for the first time in Jersey. Kreos’s previous funds have been private placements.
Kreos Capital is a long-established growth debt provider for high-growth companies across Europe, with an emphasis on the UK, the Nordics,
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