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AXA Private Equity portfolio company Kallista has acquired Poweo’s operational French wind farms from VERBUND, Austria’s leading electricity company.
This latest investment strengthens Kallista’s position in the French renewable energy market and underlines the continued support of AXA Private Equity for its industrial partner. This acquisition increases the number of wind farms operated by Kallista in France from 19 to 29 and its installed capacity from 194 MW to 296MW, corresponding to the annual electricity household consumption of a city the size of Lyon (240 000 households), making it the leading non-integrated wind energy producer France.
Today’s transaction was completed
Atlante Ventures, a venture capital fund of the Intesa Sanpaolo Group, has finalised an investment of EUR1milion in YOGITECH SpA, part of a capital increase round totalling EUR 1.5 million. The remaining EUR500.000 was subscribed by the current financial shareholder Fondo Toscana Ventures, part of SICI Sgr SpA.
“We are extremely happy and proud to announce the completion of this financing round and we welcome Atlante Ventures," says Silvano Motto, CEO of YOGITECH. “This investment further outlines the credibility of our growth strategy within the market of fault robust embedded systems for safety critical applications. The capital increase will support
LDC, the leading mid-market private equity house, has exited its investment in claims management provider Davies Group through a management-led secondary buyout backed by Electra Partners. The business was sold for a price of GBP60m.
Davies Group is one of the UK’s leading providers of claims management solutions to the general insurance industry, managing over 125,000 claims each year on behalf of a customer base which includes the majority of the UK’s leading insurers.
It provides a range of market-leading, added-value services, including claims management, loss adjusting and fulfilment, encompassing contractor management, disaster recovery and supply chain management.
LDC originally
A number of private equity transactions across Europe have collapsed or been delayed in recent weeks, as the impact of the deepening sovereign debt crisis causes the market to deteriorate. Mark Spinner (pictured), partner at international law firm Eversheds, comments…
The current uncertainty in the Eurozone and volatility in the public markets is certainly making a number of private equity and corporate bidders take a sharp intake of breath. A number of deals we have been working on are now on hold waiting for the Eurozone to sort itself out and for buyer’s stock prices to stabilise. The key word
Actis, the pan-emerging markets private equity fund, has led a consortium in the USD434m, 100% management buy-out of Tracker, South Africa’s largest vehicle tracking company.
The transaction, which was announced today, sees Remgro dispose of its interest in Tracker to Actis while FirstRand restructures its investment to include RMB. The Mineworkers Investment Company (‘MIC’) increases its stake in the business, thereby improving the BEE credentials of the business.
"Everything we do at Tracker is underpinned by the principle that our work can make a real difference to quality of life in South Africa," says Tracker CEO, Alan Hutcheson. "Whether it is
Aureos South East Asia Fund II has completed a USUSD7m deal acquiring a third of HBC Inc, a cosmetics retailer in the Philippines.
Aureos Capital is a private equity fund management company specialising in investing in small and medium sized businesses in emerging markets.
HBC is the Philippines’ largest chain of stores dedicated to selling in-house branded cosmetics and beauty products, with 197 stores in the Philippines, nine local franchise stores and three foreign franchise stores in the USA and Bahrain.
The Philippine cosmetics industry is fast-growing, registering an average growth rate of 7% per year. HBC have
The volume and value of deals completed during the first nine months of 2011 in the lower mid-market investment space has increased year on year for the past three years, according to research from Lyceum Capital and Cass Business School.
Data from The UK Growth Buyout Dashboard – a quarterly analysis of UK-headquartered private equity control deals in the GBP10 million to GBP100 million segment – shows that 63 transactions completed between 1 January 2011 and 30 September 2011. This compares to 50 investments for the same period of 2010 and just 25 during the first nine months of 2009.
Pamlico Capital has made a USD28 million equity investment in T2 Systems, Inc. T2, founded in 1994, is a rapidly growing provider of unified SaaS (Software as a Service) parking management solutions in the US and Canada.
CEO Mike Simmons will retain significant ownership of T2 and will continue to manage the growth of the company in partnership with Pamlico and the existing senior management team. Pamlico has also committed to investing additional expansion capital. Detailed terms of the transaction have not been disclosed.
T2 Systems is the only provider of a unified SaaS parking management solution for universities, municipalities,
Independent private equity real estate advisor MGPA intends to launch a core plus special fund under German investment law, aimed at making investments in the Asian region.
The focus will be on established markets such as Hong Kong, Singapore, Malaysia, South Korea, Japan and Taiwan. MGPA has operated in Asia since 1999 and has a substantial organisational structure in the region, with six offices and over 150 employees.
The planned special fund is intended primarily for German-speaking institutional investors. The intention is to raise up to EUR500 million in equity capital. The special fund will also be able to borrow an
A leading Managed IT Services Provider, Adapt, is set to execute a buy-and-build strategy to capitalise on market opportunities after securing backing from growth investor Lyceum Capital.
Adapt delivers enterprise-class cloud, infrastructure management, network and data centre services to a wide range of mid- market clients that operate business critical IT applications.
It serves a broad client base, many of which are fast growth businesses including PKR, Cubic Transportation, Last.fm, LOVEFiLM and LCH.Clearnet.
Established in 2001, Adapt has developed into a GBP35 million turnover business with current EBITDA of GBP3.9 million. The business is headquartered in central London and
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