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Cinven and GS Capital Partners (GSCP) have entered into a definite agreement to sell Ahlsell, a distributor of construction products in the Nordic region, to CVC Capital Partners for an enterprise value of SEK15.5 billion (EUR1.8 billion).
Prior to the January 2006 acquisition, Cinven and GSCP had identified Ahlsell as an excellent platform for growth and continued consolidation of the Nordic construction supplies market with leading customer service and competitively priced products.
During the course of our ownership, the Company’s management team, with the expertise and support of Cinven and GSCP, has executed on these strategic goals through:
the acquisition
Melinda Rishkofski (pictured), who has represented private equity fund managers, international financial institutions and portfolio companies in Russia, Eastern Europe, the UK and the US, has joined Baker Botts as a partner in the firm’s Moscow office.
Rishkofski’s experience includes working with Russian and Eastern European privatisation policies, policy advice and drafting laws for the new Russian economy, development of Russian corporate securities and regulatory structures. She also worked on regulatory and legislative matters with representatives for the US and Russian governments.
"Melinda adds depth to our international transactional resources," says Baker Botts Managing Partner Walt Smith. "Her focus on
Silverfleet Capital, in conjunction with mergermarket, has published the findings of its 2011 Buy & Build Monitor, which show a significant slowdown in Buy & Build activity. While overall 2011 saw Buy & Build activity increase both in volume and value terms, the number of add-on transactions decreased considerably during the second half of the year slumping to levels last seen at the end of 2009.
2011 saw the highest number of add-ons undertaken by private equity-backed portfolio companies since 2008, at 364 (versus 335 in 2010). However, despite a strong start to the year, with 210 add-ons undertaken in
Ochre House, the recruitment process outsourcing and talent management business backed by NBGI Private Equity (NBGIPE), has acquired the two strategic resourcing firms in the Middle East and North Africa, TAAHEED and Carmichael Fisher.
The acquisition will significantly expand Ochre House’s international capabilities in response to increasing client demand.
“We are already one of the fastest growing talent management businesses in Europe and Asia and have an established partnership with one of the US’s leading players, Pinstripe,” says Chris Herrmanssen, CEO. “Acquiring the Dubai-based TAAHEED and its sister company, Carmichael Fisher, provides us with a key piece of the jigsaw
HIG Europe (HIG), the European arm of global private equity firm HIG Capital, and FNZ Holdings Ltd (FNZ), a provider of Software as a Service (SaaS) solutions to the financial services sector, have entered into an agreement with growth equity firm General Atlantic whereby General Atlantic will acquire a minority stake in FNZ alongside HIG and the management team. Terms of the transaction have not been disclosed.
HIG backed an MBO of FNZ in early 2009 and the Company has since experienced rapid organic growth supporting its existing blue-chip clients such as Standard Life and Axa as well as new
Blackstone Energy Partners, Blackstone Capital Partners VI, and certain affiliates are to purchase newly issued CQP Senior Subordinated Paid-in-Kind Units (CQP PIK Units) issued by Cheniere Energy Partners (CQP) for USD2 billion.
CQP would use the proceeds of the Financing to fund the equity portion of the costs of developing, constructing and placing into service its Sabine Pass liquefaction project being developed at the Sabine Pass LNG terminal (the "Liquefaction Project"), the purchase of the Creole Trail pipeline from Cheniere Energy, Inc. and other partnership business purposes.
Cheniere Partners is advancing towards a positive final investment decision for the development
3i, an international investor focused on private equity, infrastructure and debt management, and funds managed by 3i have agreed to acquire a majority stake in Geka, a manufacturer of brushes, applicators and comprehensive packaging systems for the cosmetics industry.
The company is being acquired from Halder, an investor focused on medium-sized businesses. The acquisition price is not being disclosed.
Geka, headquartered in Bechhofen, Germany, serves both the mass market and premium segment for packaging in the cosmetic industry. In addition, it distributes cosmetics products via its subsidiary Victoria.
Founded in 1925, the company has a broad patent and product portfolio.
The German private equity market has yet to recover from the slump in the autumn, based on the evidence of several indicators from the private equity panel polled by CMS Hasche Sigle and FINANCE.
The headwinds generated by the euro crisis and the stock market crash in the summer have had a major impact on private equity investors in German SMEs. Rather than making new investments, half of all participants in the survey intend to focus on their investors and fundraising this year.
The leading representatives of some 40 Private Equity firms who comprise the FINANCE private equity panel are
Ahead of the March 2012 Budget, the BVCA has called on the UK Government to take immediate action to boost the financing of SMEs and start-ups and in the medium term, improve the competitiveness of the UK’s tax and regulatory regime.
Financing SMEs: We urgently need policy to encourage institutional investors to invest in the asset class. We have proposed EIS Funds where institutional investors could combine with retail investors to help raise larger funds as well as similar proposals for VCTs. In addition, we have also proposed a form of credit easing for VC funds to assist them
PeopleMatter, a provider of talent management solutions, has secured a USD14 million Series C funding round led by Morgenthaler Ventures. Existing investors Noro-Moseley Partners, C&B Capital, Intersouth Partners and Harbert Ventures also participated.
“While other talent management companies like SuccessFactors, Taleo and Workday focus on the white-collar, career professional, PeopleMatter is the only company that caters to hourly workers in the service industry,” says Gary Little (pictured), Partner at Morgenthaler Ventures and new PeopleMatter board member. “This is a USD2.5-billion market that’s underserved and rapidly growing. There is a huge opportunity here. The PeopleMatter Platform isn’t just an HR software
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