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Fund administrator GlobeOp is to be acquired by private equity firm TPG Capital in a deal worth around GBP508 million (USD800 million).
The deal follows GlobeOp’s announcement on 6 January 2012 that it was carrying out a review of its ‘strategic options’ and will see Geo 3, a newly established partnership directly owned by TPG Partners VI-AIV, acquire 100 per cent of the ‘issued and to be issued share capital of GlobeOp’.
Under the terms of the Offer, GlobeOp Shareholders will be entitled to receive 435 pence in cash for each Ordinary Share held. The Offer Price represents a premium
The Indian Private Equity & Venture Capital Association (IVCA) is partnering with Cambridge Associates to provide extensive, independent Indian private equity and venture capital performance data to industry participants.
As part of the strategic partnership, IVCA will give its members access to aggregate Indian private equity (PE) and venture capital (VC) benchmark data and statistics, once launched. Cambridge Associates, a global provider of independent research and investment advice, derives PE and VC benchmarks from the financial information in its proprietary database of institutional-quality PE and VC funds, which is one of the largest such data repositories in the world, and
Global economic uncertainty and regulatory change will continue to impact M&A activity in the coming year, according to the latest trends insights by Clifford Chance.
Worries about sovereign debt, global economic slowdown and the continued lack of a resolution to the Eurozone crisis are contributing to an unsettled global picture. However M&A is continuing despite the challenging environment, and in some areas, Clifford Chance expects to see significantly more confidence in doing deals as the year progresses.
Matthew Layton, Global Head of Corporate at Clifford Chance, says: “The first half of last year showed that there is an appetite
EFAMA has welcomed the publication by the European Securities and Markets Authority (ESMA) of its Consultation Paper setting out future guidelines on UCITS Exchange-Traded Funds (UCITS ETFs) and other UCITS issues.
Broadly speaking, EFAMA supports ESMA’s proposals in favour of increased investor protection through more transparency and additional requirements for securities lending, collateral management and the use of strategy indices. EFAMA also welcomes ESMA’s decision to broaden the scope of its proposed guidelines to all UCITS engaged in the same type of activity, instead of targeting exclusively UCITS ETFs.
Peter De Proft (pictured), Director General of EFAMA, says: “EFAMA
Young fashion footwear retailer OFFICE, backed by Silverfleet Capital the European private equity firm, has reported a 26 per cent growth in like-for-like sales in the five weeks to 31 December 2011.
OFFICE has also made a senior appointment to its board with Allan Leighton taking on the role of non-executive chairman. Leighton;s appointment follows the appointment of Ian Findlay as finance director back in September.
For the same period last year the business reported like-for-like sales growth of 19.41pc.
Both Leighton and Findlay have considerable expertise in the retail sector. Previously Leighton was CEO of Asda, and chairman of
AlienVault, creator of OSSIM, the de-facto standard open source SIEM (Security Information and Event Management) solution, has closed an USD8 million Series B financing led by new investor Trident Capital with participation from existing investors Adara Venture Partners and Neotec.
The company has named Trident managing director J Alberto Yepez Chairman of the Board. Trident principal Michael Biggee also joins the AlienVault Board of Directors. The funding will be used to accelerate research and development and aggressively expand sales and marketing to meet increasing demand for unified security management from around the world. AlienVault also recently announced the appointment of
The Aureos South Asia Fund (ASAF) has completed a USD7million investment in Sai Security Printers Private Limited (Sai), a paper packaging company based in Faridabad and Bangalore, India.
ASAF is managed by Aureos South Asia Managers Ltd, a subsidiary of Aureos Capital Limited, a private equity fund management company specialising in investing in small and medium sized businesses in emerging markets.
Sai started out as a security printing business and transformed itself into a multi-product packaging company, manufacturing labels and mono-cartons for food and beverage, pharmaceutical and FMCG industries. The company employs 600 people and has seen its paper
Independent Swiss private equity company, Constellation has selected Ipes as the administrator for its Constellation III German Asset Light Fund.
The fund, which will focus on investing in growth companies in the service sector in German speaking Europe, reached its successful final closing in early December 2011.
Ipes Luxembourg will provide a complete range of services for the fund, including domiciliation, central administration, registrar and transfer agency services and the provision of directors.
Constellation chose to work with Ipes following a competitive tender process involving a total of four administrators.
Marinus Schmitt, Associate Director at Constellation, says: “Looking ahead we
Physio-Control, a provider of emergency medical response technology for use in the intervention and treatment of cardio-respiratory sudden cardiac arrest and other medical emergencies, has completed the sale of the company to an affiliate of private investment firm Bain Capital.
The transaction, which was announced on 17 November, 2011, was valued at approximately USD487 million. Simultaneous with the closing, Brian Webster, formerly President, has been named Chief Executive Officer of the newly-independent company.
Headquartered in Redmond, Washington, Physio-Control is the global leader in professional emergency response products and services. The company’s professional products include LIFEPAK monitor/defibrillators, the LUCAS 2 chest
Global private equity firm Warburg Pincus, has named nine professionals as new managing directors, including the promotion of seven principals and the hiring of two new professionals.
These individuals work in various offices around the world in the areas of Capital Markets, Consumer, Industrial and Services (CIS), Energy, Fundraising/Investor Relations, Real Estate and Technology, Media and Telecommunications (TMT).
The promotions are:
Simon Begg — Capital Markets, London
Paul Best — Consumer, Industrial and Services (CIS), London
Joe Gagnon — Real Estate, Hong Kong
Vishnu Menon — Technology, Media and Telecommunications (TMT), San Francisco
Nitin Nayar – Technology, Media and Telecommunications
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