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Valeo Foods has reached an agreement to acquire the business of Jacob Fruitfield Food Group for an undisclosed consideration. The deal is subject to regulatory approval.
Valeo was formed in 2010 and comprises a growing portfolio of leading Irish consumer brands which it supplies to Irish and international retail customers. The Valeo portfolio currently includes Batchelors, Odlums, Shamrock, Sqeez, Roma, Erin, Amigo, Lustre and Picnic. Valeo also provides tailored route-to-market services for a number of leading international consumer brands.
Jacob Fruitfield brings together Fruitfield Foods, which was acquired from Nestlé in 2002, and Irish Biscuits, which was purchased from Groupe
Private equity fund-of-funds manager SL Capital Partners has haired Thomas Chevalier as Investment Director, bringing the total number of investment professionals at the firm to 20 – 16 in Edinburgh and a further four based in Boston, USA.
In his new role, Chevalier will provide guidance on legal and regulatory issues, both internally and to clients. He will be an integral part of SL Capital’s deal teams as they invest and monitor primary funds, secondary investments and direct co-investments.
David Currie, Chief Executive of SL Capital, says: “The private equity industry is facing strong regulatory headwinds, not least through the potentially
Carbon reduction management agent Climate Energy has acquired low carbon smart home provider ecoTECH in a bid to expand its portfolio.
Climate Energy is an award winning, multi disciplined energy agency which provides innovative advice and funding solutions to local authorities, registered social landlords, homeowners and businesses.
Andrew Holmes, MD of Climate Energy Ltd said, “I am delighted to welcome ecoTECH’s experience of sustainable housing to our Group portfolio. We are closer to realising our ambitions to further our influence over the sustainable construction industry which is a very exciting prospect.”
Christine Hynes, CEO of ecoTECH Housing commented; “We are
Rakuten, Inc, Japan’s biggest Internet service company, has closed an all cash transaction to acquire an 80% stake in Tradoria (www.tradoria.de), one of Germany’s leading online ecommerce platforms.
In January 2010 Seventure became the lead investor in Tradoria as part of Seventure’s strategy to back emerging high growth national and European champions in the ICT industry. Tradoria employs a unique business model that encompasses a web store, marketplace and checkout in a single product for small and medium-sized merchants. Since Seventure’s investment Tradoria has tripled its customer base to more than 4400 shops and has reached a leading position in
The chief executives of some of Britain’s best-known companies have agreed to lend their expertise to the new Business Growth Fund (BGF) as non-executive board members.
Audrey Baxter, the CEO of Baxters Food Group, Stephen Murphy, Group CEO of Richard Branson’s Virgin group of companies, Neil Johnson, Chairman of aviation and defence engineering company Umeco plc, toy model company Hornby Plc and Motability Finance, the car scheme set up to help disabled drivers, and John Burgess, Co-founder and Managing Partner of European equity investment firm BC Partners and Non-executive Director of C&C Group plc which manufactures and markets the Magners
WindMW, a company majority owned by funds managed by Blackstone (NYSE: BX), has completed the financing for “Meerwind,” the largest German offshore wind farm to complete its full financing process. Meerwind is also the first German wind farm to be fully financed by private investors.
The 80 turbine installation will be situated approximately 50 km off the German coast in the North Sea. Construction of the 288MW offshore wind farm will be completed in 2013. Once finished, Meerwind will produce sufficient power to service approximately 400,000 households and will help Germany eliminate approximately one million tons of carbon emissions
Emdeon Inc (NYSE: EM), a leading provider of healthcare revenue and payment cycle management and clinical information exchange solutions, has entered into a definitive merger agreement with Blackstone Capital Partners VI LP under which this Blackstone fund will acquire a controlling interest in Emdeon in a transaction valued at approximately USD3 billion. The deal will result in Emdeon becoming a private company, while Hellman & Friedman will maintain a significant minority equity interest in the company.
Under the terms of the merger agreement, holders of Emdeon common stock will receive USD19.00 per share in cash. Emdeon’s Board of Directors has unanimously
Rating agencies have given the US the benefit of the doubt for too long and that the decision of S&P to downgrade it’s AAA rating “is a warning shot across the bows of US politicians," according to David Miller, partner at Cheviot Asset management…
S&P’s decision to downgrade its US debt rating is not entirely unexpected and could well be followed by further downgrades.
However, what must be remembered is that post-2008 many investors have developed their own credit rating systems and so are less reliant on rating agencies. Furthermore the Fed has already sent out reassuring messages to the banking
Tenex Capital Management, LLC (Tenex) has successfully closed Tenex Capital Partners, LP, a USD452 million private equity fund that makes control equity investments in middle market companies experiencing significant change in their markets, operations, or capital structure. Tenex’s fund exceeded the firm’s USD400 million fundraising target, as well as the fund’s "hard cap" of USD425 million.
"We are extremely pleased to have such a prominent and high quality group of limited partners committed to the fund and we are delighted with their support," says Michael Green (pictured), CEO and Managing Director of Tenex. "The Tenex investment philosophy, coupled with the current
The Blackstone Group will be investing INR 5,000 million (c. USD111 million) in VISA Power Limited (VPL), an independent power producer (IPP) whose core asset is a 1,200 MW captive-mine based, coal fired power plant in Chhattisgarh which is in an advanced stage of development.
VISA Power has a pipeline of a further 6,600 MW under development, including a 1,320 MW coal-based super critical power plant in Orissa, which is also in an advanced stage of development. The Company also proposes to develop power projects in Madhya Pradesh, Jharkhand and Gujarat. VISA Power is part of the INR50.0bn (USD1.1bn) VISA
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