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The Q2 2011 IntraLinks Deal Flow Indicator (DFI), which provides an early view of aggregate deal flow activity and trends in the global market, shows a 24 per cent increase in global M&A deal activity compared to Q2 2010.
Although activity was up across all regions, including North America, Europe/Middle East/Africa (EMEA) and Asia Pacific (APAC), the strongest growth was driven by merger and acquisition movement in Latin America. IntraLinks’ Deal Flow Indicator results are based on the company’s involvement in a significant percentage of M&A deals in the early stages of each transaction, providing a leading perspective on global
Private equity firm GTCR has agreed to acquire a majority stake in BServ, Inc, a leading SaaS (software-as-a-service) provider offering financial services and banking technology that facilitates electronic corporate payments and bank-to-bank payment transactions.
GTCR is partnering with founder and CEO David Kvederis and the management team at BankServ as they continue to grow and expand the business. The Company offers Fedwire processing, SWIFT messaging, remote deposit capture, mobile and online payment processing technology and services for financial institutions and corporations. BankServ has completed a number of successful acquisitions and has earned a strong reputation in the market by providing
Nearly USD180bn of private equity was invested globally in 2010, up 62% from the previous year but still down 55% on the peak in 2007 according to the Private Equity 2011 report released this week by TheCityUK. Activity in the sector looks set to build on this recovery and top USD200bn in 2011 as investor sentiment continues to improve.
Over the next five years, some USD800bn in loans extended on existing private equity investments are due to be repaid or refinanced. There has already been a considerable deferring of debt maturities to 2014 and beyond, with the high-yield bond market
Hatteras Venture Partners has announced the first closing of Hatteras Venture Partners IV (HVP IV) with USD74 million in subscriptions towards a final fund target of USD125 million.
With HVP IV, Hatteras has formally launched “Hatteras Discovery,” an allocation of the fund focused on seed stage companies and projects in the field of human medicine and life sciences.
“In this difficult environment, we are pleased to be able to raise our fourth venture capital fund,” says Bob Ingram, General Partner. “Our limited partners agree with us that the time could not be better to capitalise the next generation of innovative
Private equity firm HIG Capital has completed the acquisition of Next Generation Vending and Food Service, Inc. Next Generation is a leading provider of vending services for corporate and institutional clients in the Northeastern United States, which is transforming the vending industry by implementing cutting-edge remote monitoring technology (RMS) and focusing on best-in-class service to deliver a superior customer experience.
Next Generation is based in Stoughton, Massachusetts and has operating facilities strategically located across the Northeast.
HIG joined forces with the management team, led by Chief Executive Officer, David Mac Isaac, and Chief Operating Officer, Joe Rogan, to consummate the
Cargill has made a binding offer to acquire Provimi, the global animal nutrition company, for an enterprise value of EUR1.5 billion from Permira funds, the private equity firm which owns Provimi. Provimi has agreed, on an exclusive basis, to commence the necessary Works Council consultations and appropriate regulatory approvals.
Cargill plans to acquire Provimi’s worldwide animal nutrition business, which has operations in 26 countries and employs more than 7,000 people across Asia, Europe, Africa and Latin America. The acquisition would strengthen and expand Cargill’s existing operations creating a global leader in animal nutrition.
"The combination of Cargill and Provimi would
Octopus has appointed George Whitehead (pictured) as venture partner manager. Whitehead joins from NESTA Investments where he held the position of Business Development Director for their GBP50 million fund and supported a number of programmes targeted at early stage growth businesses.
These programmes ranged from investments in company accelerators like Springboard, Seedcamp, Design London and the Microelectronics Academy to supporting networks such as the British Business Angels Association and the Business Leaders Network.
Prior to NESTA, Whitehead set up a biotechnology incubator, and managed an ICT incubator in Canada on behalf of the University of Toronto. He began his career as an Investment Manager at Oxford Innovation, where he built up one
AEGON is to sell its UK-based Guardian life and pension business for a total cash consideration of GBP275 million to Cinven, a European private equity group.
Guardian, which manages over 300,000 life insurance policies in the United Kingdom, has been closed to acquiring new business since 2001.
AEGON Asset Management has entered into a long-term agreement with Cinven and will continue to manage the assets of Guardian which total GBP 7.4 billion.
"Consistent with actions over the past three years to dispose of, or run-off, certain businesses deemed non-core, AEGON has concluded that managing the closed business of Guardian companies
JP Morgan Private Equity Limited (JPEL) has entered into a conditional agreement with Private Equity IC Ltd, SPL Private Equity IC Ltd, and SPL Integrated Finance (together, the SPL Funds) to acquire a portfolio of middle-market co-investments in an all-stock acquisition valued at GBP56.5 million or approximately USD91.9 million.
The Co-Investment Portfolio consists of a pool of 38 investments with leading fund managers primarily invested in the UK, Germany and France.
“This Acquisition is part of JPEL’s strategy of continually repositioning its private equity portfolio. Currently, JPEL’s existing portfolio is weighted towards lower-middle market companies and the addition of the
Actis, the pan-emerging markets private equity investor, has acquired Visa Jordan Card Services Company (VJCS), Jordan’s largest merchant acquirer and effectively national ATM switch, for USD87 million.
VJCS dominates Jordan’s debit and credit card acquiring and processing markets. Its leading position means that it owns 80% of the point-of-sale terminals in Jordan and processes all Visa point-of-sale transactions as well as all inter-bank ATM transactions.
The acquisition will be the latest investment for Actis platform Emerging Markets Payments Holdings (EMPH), which aims to be the leading payments business in Africa and the Middle East. In July 2010, Actis invested
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