Latest News
Dunedin, the mid market UK buyout house has acquired Red Commerce, a global supplier of SAP experts to international corporations and consultancies, in a GBP44 million buyout.
Dunedin has bought the company from the original founder Ezra Chapman and Inflexion, the private equity house that led a GBP15 million management buyout in 2005.
David Williams (pictured) the director of Dunedin who will join the board of Red Commerce says: “The UK is a world leader in recruitment. Red Commerce occupies an attractive position within the global ERP software systems market with a high quality, diversified and loyal customer base. The business
BaltCap, the largest private equity and venture capital investor in the Baltic countries, has invested in Ygle, the leading provider of building systems solutions in Lithuania, acquiring 60% of the company.
Ygle is the leading provider of design, installation and maintenance services of technical building systems in Lithuania. With more than 200 employees, the company has offices in five cities across Lithuania. Ygle provides services mainly for the office, retail, industrial and other special purpose buildings which require complex HVAC and other engineering solutions.
“We are pleased to choose BaltCap as our partner and believe that their
Matthew J Rizzo has joined Sidley Austin as a partner, resident in New York. Rizzo will continue to focus his practice on private equity, mergers and acquisitions and venture capital.
“Matt has broad industry experience and knowledge, which makes him an excellent choice to expand the firm’s private equity capabilities in New York,” says Scott Freeman, a global coordinator of Sidley’s M&A and private equity group. “Sidley has a respected M&A and private equity team and is committed to growing those practices in New York and around the world. Matt is a terrific addition to our New York team and
Blackboard Inc. (NASDAQ: BBBB) has entered into a definitive agreement under to be acquired by an investor group led by affiliates of Providence Equity Partners (Providence) in an all-cash transaction valued at approximately USD1.64 billion, plus the assumption of approximately USD130 million in net debt.
Pursuant to the terms of the agreement, Blackboard’s stockholders will receive USD45.00 in cash for each share of Blackboard common stock. The transaction represents a 21 percent premium over the closing price of USD37.16 per share on April 18, 2011, the day before Blackboard publicly announced that it was evaluating strategic alternatives.
The agreement between
Signet, a USD1.5 billion fund-of-hedge-funds group based in the UK and the US, has hired Marco Meli as a senior investment specialist. Bridging the group’s portfolio management and business development functions, Meli will focus on customised investment products and investor relations in German- and French-speaking Europe.
Mel brings to Signet over a decade of experience in finance, including eight years in hedge funds. Before joining Signet he was a portfolio manager at EIM in Nyon, Switzerland, where he managed fund-of-hedge-fund portfolios for institutional investors and developed tailor-made products. He speaks three languages fluently, has a Bachelor’s Degree in Financial and
The Permira Funds and AXA Private Equity today announce the successful completion of the merger of eDreams and GO Voyages, and the acquisition of Opodo from Amadeus, to create one of Europe’s largest groups in online travel.
eDreams, GO Voyages and Opodo each has a robust growth track-record and has shown remarkable resilience by achieving growth rates of 30% during the recent downturn. All three delivered record sales and profits in 2010 and have established a strong presence in all major European markets, with Opodo being well positioned in the UK, France, Germany and in Scandinavia, eDreams in Spain, Italy
Praesidian Capital, a provider of mezzanine capital for small and mid-sized companies, has successfully exited its investment in CODi, Inc, a manufacturer and supplier of laptop bags and cases, mobile security devices and other IT accessories to major corporations.
In 2006, Praesidian provided USD5 million of subordinated debt financing for the recapitalization of CODi, Inc led by Pennsylvania-based private equity fund Milestone Partners and management. Praesidian exited its investment when CODi recently obtained financing from new senior and mezzanine debt providers.
“We are pleased to have supported CODi during this important time in its growth and development,” says Neil Marks
The European Union’s Directive on Alternative Investment Fund Managers will come into force on 21 July following its publication in the Official Journal of the European Union last Friday.
Perhaps not coincidentally, the publication of the directive – the last step before it become part of EU law – took place on the same day that the Ucits IV directive on cross-border retail fund distribution was due to be implemented by member states.
The directive received formal approval by the EU Council at a meeting of transport, telecommunications and energy ministers on 27 May, and it was formally signed in
The seemingly intuitive application of long-standing securities anti-fraud and anti-manipulation rules to the complex world of over-the-counter derivatives, particularly where derivative products intersect with the loan market, will affect trading practices and compliance rules at all institutions trading these instruments, according to Richards Kibbe & Orbe partners Julia Lu and Eva Marie Carney…
Before The Dodd-Frank Wall Street Reform and Consumer Protection Act, loan credit default swaps (LCDS) and loan total return swaps (LTRS) were outside the ambit of each of the Commodity Exchange Act (CEA), the Securities Act of 1933, and the Securities Exchange Act of 1934 and the
SUSI Partners AG has completed the purchase of a 3MWp photovoltaic power plant in Waregem, Belgium for the SUSI Sustainable Euro Fund I. The rooftop installation was built in 2009 by an established Belgian EPC with Sharp solar modules and SMA invertors.
Otto von Troschke (pictured), Chief Investment Officer of SUSI Partners AG, says: “This is a particularly impressive investment for our fund. Being one of the largest rooftop constructions in Belgium, we are quite excited to enter the Flemish PV market with this transaction.
"The power plant employs high quality components and has performed well above expectations. We executed
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
