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The Green Building Group, an HIG Europe portfolio company headquartered in Graz, Austria, has acquired a majority stake in Lumar IG d.o.o. (Lumar), the leading Slovenian manufacturer of prefabricated houses.
As part of the transaction, Lumar’s founding owners, the Lukic family, have taken a stake in Green Building Group. Lumar will continue to manufacture from its highly efficient site in Maribor and will maintain its well-known brand under the umbrella of Green Building Group.
The Green Building Group was founded in August 2011 with the acquisitions of the Hanlo Group and HAG. The acquisition of Lumar represents a key
Mid Europa Partners has entered into a binding agreement with its partner France Telecom-Orange, for the sale of their combined 100% stake in Orange Austria to Hutchison 3G Austria (Hutchison), a subsidiary of Hutchison Whampoa Limited.
Mid Europa currently holds a 65% stake in Orange Austria and France Telecom-Orange a 35% stake. The agreement implies an enterprise value of approximately EUR1.3 billion for Orange Austria.
As part of the overall transaction, Hutchison will sell frequencies, base station sites, the mobile phone operator Yesss! Telekommunikation GmbH (Yesss!), as well as certain intellectual property rights to Telekom Austria Group immediately after the
The Blackstone Group has reported Economic Net Income (ENI) of USD1.389 billion for the full year 2011, slightly lower than USD1.418 billion ENI for the full year 2010.
The decline in ENI compared to the full year 2010 was driven principally by a slowing in the rate of increase in the carrying value of assets as of 31 December, 2011 across Blackstone’s investment segments, offset by an increase of USD246.5 million, or 15%, in Total Management and Advisory Fees to USD1.878 billion for the full year 2011.
ENI was USD449.9 million for the three months ended December 31, 2011, a
Phoenix Services International, a steel mill services provider, has acquired Gagneraud Industrie SAS (GI). GI will now be known as Phoenix Services France.
Headquartered in France, GI began operations in the early 1900s as a subsidiary of the Gagneraud Group, which was founded in 1880, and is the largest provider of steel mill services in France. GI has a longstanding strong reputation for providing critical services to steel mills and for being a leading supplier of slag to the construction and building materials industries.
Doug Lane, President and CEO of Phoenix, says: “The acquisition of Gagneraud Industrie SAS is an
Dear Mark Zuckerberg,
Congratulations on your IPO filing. We understand that you are faced with a difficult decision soon on where to list your stock.
You have probably heard from your bankers that the NASDAQ exchange is for tech savvy companies like Google and Apple and the NYSE is where the blue chip companies like GE and Caterpillar choose to list. You may think that the NASDAQ market is more of an electronic exchange where dealers place competing bids and offers to help facilitate institutional client trades. You may look at financial television and see scenes from the NYSE
Troika Ventures, the venture arm of Troika Dialog and venture company, has successfully achieved the first exit from its investment portfolio by selling its share in Evernote Corporation to Sequoia Capital.
Troika Ventures was Evernote’s first institutional investor, which has since successfully attracted multiple investment rounds from top tier international and US venture funds, including Docomo Capital, Morgenthaler Ventures and Sequoia Capital.
“Evernote was one of the first companies that we invested in,” says Artyom Yukhin, the head of Troika Dialog’s venture division. “In addition to financing, we provided expertise and assistance at an early stage to bring the
Kohlberg Kravis Roberts & Co has appointed Ali J Satvat as a Director based in Menlo Park. Satvat joins KKR from Apax Partners where he served as a Principal on the health care investment team and managed new investments and portfolio companies across various health care sub-sectors.
Satvat will join the more than 20 person global health care team that is led by Mike Michelson, Jim Momtazee and Dominic Murphy. The team is responsible for sourcing new opportunities and providing industry knowledge and expertise to KKR’s private equity transactions.
"There continue to be a number of developments that make health
Hogan Lovells has recruited Xavier Doumen as a partner in the firm’s private equity practice in Paris. Doumen joined Hogan Lovells on 1 February 2012 from Willkie Farr & Gallagher where he worked on private equity and strategic M&A transactions.
Doumen joins the Hogan Lovells Global Private Equity practice, which has more than 190 lawyers in 14 countries.
Alan Greenough (pictured), Co-Head of private equity, says: "Xavier is a great addition to our Corporate team and a key element in reinforcing our private equity activity in Paris, working alongside Stéphane Huten.”
Doumen adds: "The global platform at Hogan Lovells presents
Private equity firm HIG Capital has opened an office in Rio de Janeiro and appointed Fernando Marques Oliveira as a Managing Director to lead its Brazil and Latin America team.
Prior to joining HIG, Marques Oliveira was Managing Director and head of the Latin America team at General Atlantic (GA), where he was involved in a number of transactions including Qualicorp and Peixe Urbano. Before GA, Oliveira spent many years at Grupo Icatu, where he led a number of successful investments, including Mabel, Aracruz and Grupo ABC.
Oliveira says: “I am looking forward to joining the HIG team. HIG has
For a second year running, the investments of LDC, the private equity arm of Lloyds Banking Group, feature most prominently on the annual Sunday Times Deloitte Buyout Track 100.
Published this weekend for a sixth year, the league table ranks Britain’s 100 private-equity-backed companies with the fastest-growing profits (ebitda) over the last two years.
LDC is the private-equity house with the highest number of investments on the league table. Seven of its companies have won places, compared with ten last year. These range from outdoor equipment retailerMountain Warehouse (No 64), to BigHand (No 11), which develops dictation software
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