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International private equity firm BC Partners has signed an agreement to acquire Com Hem, Sweden’s leading TV, broadband and telephony company, from The Carlyle Group (Carlyle) and Providence Equity Partners (Providence). Financial terms of the transaction are not disclosed.
Headquartered in Stockholm, Com Hem has grown to become Sweden’s largest distributor of TV services, with approximately 40 per cent of Sweden’s households connected to their network. In addition, the company has a significant and growing mix of digital TV, broadband and telephony services.
"We are delighted to be backing a strong management team at Sweden’s leading cable TV operator
Golub Capital BDC, Inc, a business development company (NASDAQ: GBDC, has closed a new USD75 million senior secured revolving credit facility through Golub Capital BDC Funding LLC, as borrower and a wholly owned subsidiary of Golub Capital BDC, Inc.
"This new multi-year credit facility nicely complements Golub Capital BDC, Inc’s other two sources of long-term, low-cost, highly flexible debt–our securitisation facility created last summer and our small business investment company," commented David B Golub (pictured), Chief Executive Officer of Golub Capital BDC, Inc.
Private equity firm Craton Equity Partners has led the Gazelle’s USD22 million series D round of financing. Gazelle’s current investors, Physic Ventures (www.physicventures.com), Venrock Associates (www.venrock.com) and RockPort Capital (www.rockportcap.com) also participated in this financing.
In 2010, Gazelle’s business continued to soar, achieving a 155% year-over-year growth in revenues as the company has attracted more than 175,000 Customers to trade in or recycle used electronics. Fuelled by its largest financing to date, Gazelle is focused on rapidly accelerating its plans to market its service to mass media. The new funding also enables Gazelle to make additional investments in key areas
Ashurst LLP advised Committed Advisors on the closing of its debut fund, Committed Advisors Secondary Fund I (the Fund), with EUR257 million of commitments.
Investors include endowments, family offices, financial institutions and sophisticated high net worth individuals.
The fund is dedicated to acquiring mature private equity assets in North America, Europe and Asia in the small and mid-sized segments of the private equity secondary market, ranging from EUR1 million to EUR75 million in size. Its primary focus is on buy-out and growth equity assets, yet it retains the ability to address opportunities in the distressed, turnaround, venture capital and sector-specific
New York private equity firm Castle Harlan, Inc, has promoted Anand T Philip (pictured) to Managing Director, while Joyce M Demonteverde has joined the firm as Vice President. Demonteverde had previously been with Castle Harlan, Inc prior to going to the Harvard Business School.
Castle Harlan believes that Philip’s promotion and Demonteverde’s return will strengthen the firm’ capabilities in identifying and aggressively pursuing new investment opportunities and will enhance the firm’s work with existing portfolio companies.
John K Castle (pictured), Chairman and Chief Executive of the firm, says, "Anand Philip is an extraordinarily talented and hard-working professional. He has earned
Nearbuy Systems has secured a USD1 million round of financing led by Motorola Solutions Venture Capital, Eric Schmidt’s Innovation Endeavors, and Metamorphic Ventures. The funding will be used to accelerate the development and deployment of Nearbuy System’s software into major retail stores.
With what is often described as the "holy grail" of in-store marketing — knowing a shopper’s precise location within the store — Nearbuy Systems allows retailers to bring their product promotions to the shopper where it makes the most sense and where most purchase decisions are already being made, within the aisle of the store. For years now,
BNY Mellon, the global leader in investment management and investment services, has agreed to sell a majority of its equity stake in ConvergEx Group as part of a definitive agreement for ConvergEx Group to be acquired by funds advised by CVC Capital Partners, a leading global private equity firm, in an all cash transaction expected to close in the early fall.
BNY Mellon agreed to sell the majority of its holding in ConvergEx Group while remaining a minority shareholder. Upon closing, the transaction is expected to enhance BNY Mellon’s capital position, adding approximately 15 basis points to the company’s Basel
AXA Private Equity, the leading European diversified private equity firm, and Tozzi Group, the industrial company have entered into a joint venture to invest in the Italian solar energy sector. The joint venture, TRE Solar S.r.l., acts as a holding company and invests in Italian solar farms.
The TRE Solar joint venture is the latest development of the long-term partnership between AXA Private Equity and Tozzi Group. The partnership was formed in 2007 to invest in renewables. AXA Private Equity will hold a 65% stake in the TRE Solar joint venture and Tozzi Group will own the remaining 35%.
Teachers’ Private Capital, the private investment department of the Ontario Teachers’ Pension Plan, has agreed to acquire a majority stake in Flexera Software from Thoma Bravo, LLC, a private equity firm. Terms of the transaction have not been disclosed.
The Chicago-based company develops comprehensive solutions – from software licensing, installation, entitlement management and delivery to software deployment and license compliance and optimisation – that play an increasingly strategic role in managing application usage at Global 2000 companies. Flexera Software’s growth has been fuelled by its ability to take advantage of emerging market opportunities such as intelligent device manufacturers’ increasing
It could be a long summer, argues PSigma Investment Management chief investment officer Tom Becket (pictured), with the European sovereign debt crisis and the political argument over raising the US government debt ceiling still unresolved. Unless these issues are tackled decisively, not even the sterling performance of the corporate sector may be enough to sustain the fragile market recovery of the past two years…
The last few weeks have been extremely testing for financial markets, once again ruining summer holidays, as fund managers nervously glance at their Blackberries under the disappointed gaze of their families. Recent summers have all proven
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