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August & Debouzy has advised France Economie Régions (FER) on its bid to take over the French newspaper La Tribune.
France Economie Régions’ majority shareholder, the Hima Group, teamed up with the Hi-media Group, chaired by its founder, Cyril Zimmermann, for the bid.
The business plan consists in combining continuous online news coverage (via a quality website) with the publication of a weekly newspaper every Friday. This was the only bid submitted to the court to plan for the development of both media formats, to ensure greater visibility for the paper. Another important aspect of the bid was the
Private equity firm Warburg Pincus has acquired majority ownership in FacilitySource, a provider of facility maintenance and management solutions to retailers and other multi-site operators. Terms of the deal have not been disclosed.
FacilitySource manages over 60,000 facilities worldwide via an elite service provider network, representing over USD1 billion in aggregated spend each year. The company has grown rapidly since taking its solution to market in 2005, averaging 25-30% growth in each year. FacilitySource is poised to accelerate this growth with the backing of Warburg Pincus.
"FacilitySource provides a unique value proposition to its customers and continues to innovate in
A company owned by Permira, the European private equity firm, has successfully completed the acquisition of Genesys, a global expert in contact centre technology software, from Alcatel-Lucent (Euronext Paris and NYSE: ALU).
Technology Crossover Ventures and certain co-investors of the Permira funds also participated in the transaction. The transaction values the company at USD1.5 billion.
With the backing of the investor group, Genesys will continue to provide market-leading contact centre products and solutions to clients around the world while enhancing its core product portfolio and strengthening its offering in the growing areas of cloud computing, analytics, workforce optimization, process workflow
Independent alternative assets advisory and placement firm MVision has become a Patron of The Prince’s Trust, an organisation that helps disadvantaged young people aged 13 – 30 who are struggling at school, are in or leaving care, are long-term unemployed or have been in trouble with the law.
Through a variety of programmes The Trust offers practical and financial support, giving young people the confidence and skills they need to realise their potential and transform their futures.
Last year The Trust supported 50,000 young people into employment, further education or training. It also enabled nearly 3,500 budding young entrepreneurs to
Domo, a new software-as-a-service (SaaS) venture launched by Omniture co-founder Josh James, has closed USD20 million in Series A-1 funding from Institutional Venture Partners (IVP). This round brings total investment in Domo to USD63 million.
“Winning takes 100 percent focus,” says James. “While we weren’t in the market for additional funding, the capital from a trusted and experienced partner such as IVP made a lot of sense. We’ve experienced positive feedback from the marketplace. This move fills the coffers and enables us to stay focused on execution. It also provides flexibility as we build out our sales organisation and
US venture capital (VC) investment in cleantech companies reached USD4.9 billion in 2011, flat in terms of deals and down 4.5% in terms of capital invested compared to 2010, according to an Ernst & Young LLP analysis based on data from Dow Jones VentureSource.
However, this represents a 29% increase from the USD3.8 billion raised in 2009. In Q4 2011 VC investment in cleantech reached USD940.5 million with 70 rounds of financing.
"Cleantech is still in the early stages of a long-term journey," says Jay Spencer, Ernst & Young LLP’s Americas Cleantech Director. "We’ve reached a point where new products
Better Capital has sold MentecPlus Integrated Solutions Limited (MentecPlus), a company within the BECAP Fund LP (the 2009 Fund) investment portfolio, to UNIT4 Business Software Holding BV (UNIT4), a NYSE Euronext-listed company.
MentecPlus was acquired as part of the Calyx group of ICT managed services companies in September 2010. As the authorised distributor in Ireland for the Agresso Business World suite of business software products, MentecPlus has a long-established relationship with UNIT4 (the author of Agresso). MentecPlus, with 167 customers, is a leading provider of business software solutions to both SMEs and Public Sectors in the Republic and Northern Ireland.
The UK Court of Appeal has today handed down judgment in a case which considers the circumstances in which an individual who enters into a members’ agreement in a limited liability partnership may be considered to be an employee. Jonathan Exten-Wright, employment partner, DLA Piper explains…
Mr Tiffin was a fixed share partner in the law firm Lester Aldridge LLP (the LLP). Prior to the LLP becoming an limited liability partnership, Mr Tiffin had been a salaried partner and then a fixed share partner. When the LLP converted to a limited liability partnership, Mr Tiffin signed the members’ agreement and
Blackstone Accelerates Growth, a statewide initiative involving the Maine Technology Institute, the Maine Center for Entrepreneurial Development and the University of Maine, has hired John Voltz as its Executive Director.
A resident of Cape Elizabeth, Maine, Voltz joins the initiative from Jane Capital Partners, a San Francisco-based corporate advisory and merchant banking firm, where as a principal, he spent the past decade advising entrepreneurs launching and expanding their businesses and multi-national corporations seeking investment and partnership opportunities. Of special interest to Blackstone Accelerates Growth has Voltz’s success forging strategic partnerships and leveraging his network of contacts to facilitate the
The UK Financial Services Authority (FSA) has fined Ravi Shankar Sinha GBP2.867 million for fraudulently obtaining GBP1.367 million for himself from a company owned by a private equity fund advised by JC Flowers by means of a fictitious invoicing scheme.
The financial penalty consists of GBP1.367 million disgorgement and a punitive element of GBP1.5 million. Sinha is also prohibited from performing any function in relation to any regulated activity in the financial services industry.
Between 16 May 2005 and 11 November 2009, Sinha was the chief executive officer of JC Flowers & Co UK Limited (JCFUK). As such he acted as an
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