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Align Networks, Inc (Align) has received a significant investment from global growth equity firm General Atlantic LLC (General Atlantic). The transaction closed on July 18, 2011. Harris Williams & Co acted as the exclusive advisor to Align, a portfolio company of HIG Capital, LLC (HIG).
The transaction was led by Turner Bredrup, Cheairs Porter and Michael Marcantonio of the firm’s Healthcare & Life Sciences (HCLS) Group, as well as David Kennedy from the firm’s Richmond office.
“Align is a remarkable company with a track record of rapid and consistent growth driven by its ability to provide a unique, value-added
Tikehau Capital Partners has acquired an interest through a share capital increase in Angelmar Corp, a subsidiary of Socatra Group for a total value of USD280m and is now the second largest shareholder in the owner of 37,000 DWT product tankers after Socatra.
Angelmar Corp’s fleet is currently made of six 37,000 DWT product tankers built by the Hyundai Mipo, a Korean shipyard. These product tankers are chartered by first class operators for an initial three year period. The capital increase will allow Angelmar Corp. to acquire two new similar product tankers to be delivered in October 2012 – January
HarbourVest Acquisition GmbH has extended its initial offer period for all bearer shares of Absolute Private Equity Ltd (Absolute) currently in circulation, until 26 July 11.
This extension is due to an order of the Swiss Takeover Board (TOB) dated 15 July 2011, in which the TOB confirmed that the offer as amended on 14 July 2011 complies with the statutory provisions relating to public tender offers. In the order, the TOB instructed the board of directors of Absolute to publish an addendum to its additional report of 13 July 2011 in which the board of Absolute states the reasons it
Berli Jucker Public Company Limited has acquired 100% of Asia Books from Actis and Thailand Equity Fund (TEF). This exit marks the culmination of Actis’s five year investment in Thailand’s leading retailer and wholesaler of foreign language books and magazines.
Actis completed the MBO of Distri-Thai in 2006. Distri-Thai was the largest distributor of foreign language magazines in Thailand and had a fast growing chain of "Bookazine" branded bookstores. In 2007, Distri-Thai merged with Asia Books, owned by TEF, to create the largest foreign language book and magazine business in Thailand with a 60% market share of the English language
The first half of 2011 has proved to be something of a hippo market for investors, with a sideways-moving market interspersed with short-term bouts of volatility emanating from Japan, the Middle East and the Eurozone. The average investment company was neither up nor down, with a GBP100 investment over six months to 30 June 2011 remaining at GBP100. The average discount widened slightly, from 8% at the year end, to 9% at 30 June 2011.
With markets so uncertain, it is interesting to see that the Property Direct: Europe sector has seen discounts narrow most from 44% six months ago
Dr Oliver Plein (pictured), Head of Product Specialists – Equities at DWS Investments, takes a look at how today’s environment impacts equities…
In 2011 the world economy will likely be driven by the timing and speed of monetary policy changes. In the US, the Fed is likely to remain on its current course well into the second half of 2011, whereas in the euro zone, the European Central Bank (ECB) is facing an increasingly difficult task as a one (monetary) size fits all approach does not appear to be appropriate for booming Germany as well as the stagnating countries of
Munich Re and Kohlberg Kravis Roberts & Co (KKR) have partnered to acquire a 49% equity stake in the existing operating assets of Grupo T-Solar, the largest European solar photovoltaic (PV) power generator. Grupo T-Solar total capex to date for these assets has been EUR1,073m.
The assets being acquired comprise a diversified portfolio of 42 solar PV plants located in Spain (34 plants) and Italy (eight plants) with aggregate installed capacity of 168 MW and a generation capacity of over 250 GWh per year of clean energy. These assets will be housed in a new company named T-Solar Global Operating
Golub Capital BDC, a business development company, originated USD113.8 million in new middle market investment commitments during the three months ended June 30, 2011.
Of these new investment commitments, USD102.9 million funded at close.
Overall, total investments at fair value increased by USD61.0 million during the three months ended June 30, 2011 after factoring in debt repayments and net purchases and sales of broadly syndicated loans.
Andrew Morris (pictured), managing director of Signature, the arm of Rowan Dartington dedicated to supporting investment professionals and their clients, comments on the Eurozone crisis and the threat it poses to the UK…
Is it true that the UK is seen a “safe haven” as George Osborne claims? Or is it merely not quite as shambolic as Eurozone?
In the current environment there are few places that can be termed genuine safe havens. Currency movements are a measure of confidence in an economy. Of the major currencies, the pound is the second worst performing currency after the USD over
AXA Private Equity and neoen, the French independent renewable producer, have signed an agreement to acquire Poweo’s renewable energy activities from VERBUND, Austria’s leading electricity company.
Poweo ENR group is one of the leading independent renewable power players in France, with more than 120 MW of renewable power projects in operation, as well as a large portfolio of projects in development in onshore & offshore wind, solar and biomass assets.
AXA Private Equity and neoen will together, as a consortium, acquire all of Poweo ENR group. It is envisioned that in a second phase, AXA Private Equity will retain
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