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A consortium comprised of funds advised by Apax Partners (Apax), together with controlled affiliates of Canada Pension Plan Investment Board (CPPIB) and the Public Sector Pension Investment Board (PSP Investments), has entered into a definitive agreement to acquire Kinetic Concepts, Inc. (NYSE: KCI) for USD68.50 per common share in cash.
KCI is a US-based medical device company focused on the design, manufacture, marketing and service of therapies and products for the wound care, tissue regeneration and therapeutic support system markets.
The transaction is valued at approximately USD6.3 billion, including KCI’s outstanding debt. In 2010, KCI reported revenues of
HarbourVest Partners, LLC (HarbourVest), a leading global private equity firm, and HarbourVest Global Private Equity Limited (“HVPE”), a closed-end investment company,have increased their offer price for all bearer shares of Absolute Private Equity Ltd (Absolute) currently in circulation.
Absolute is an investment company located in Zug, Switzerland and listed on SIX Swiss Exchange (SIX). HarbourVest Acquisition is a special purpose vehicle which is to be held by HarbourVest-managed secondary funds, together with HVPE.
The Offer price is increased from USD17.25 to USD18.50 cash per Absolute share (the “Offer Price”). The increased Offer Price represents a premium of approximately
Wedge Partners has appointed Chris Crespi as a networking and communications equipment analyst.
"Chris adds a tremendous amount of knowledge, experience, and relationships to the Wedge research platform. We are excited to be joined by such a highly regarded industry expert," says Evan Morgan, CEO of Wedge Partners.
Crespi received his BSEE from the University of California at Davis, and then pursued a career as a design engineer at Avantek, Inc. and Hewlett Packard in the area of Microwave Electronics. After six years of designing components and subassemblies for various radar and communications systems, Crespi attended The Kellogg School
Cobalt Capital Partners, through its Cobalt Industrial REIT III affiliate, has acquired Dupont Business Center located in Ontario, California. This 111,890 square foot acquisition is Cobalt’s first investment in the Los Angeles market.
Located in the Inland Empire Submarket, Dupont Business Center was built in 2001. The property consists of two vacant 26-foot clear buildings with dock-high and grade-level loading. Cobalt plans to reconfigure and reposition this property for multiple tenant suites ranging in size from 15,000 to 111,890 sq. ft.
"This acquisition represents Cobalt’s initial entrance into the Los Angeles market. As a vacant property, it fits well
Mary McGuirke and Joel Haskins have been appointed as operations directors for Ipes in London and Jersey respectively.
McGuirke and Haskins will take a lead role in client relationship management and the delivery of operational excellence in their respective locations. They will work closely with locally based Managing Directors, Andrew Whittaker and Nigel Strachan, to whom they will report, and the client facing operational teams.
McGuirke has worked in financial services for over 20 years, holding senior roles at Santander, Capita Financial Group and Britannia Building Society. As Head of Private Equity operations for Capita’s Specialist Fund Services division, she
As the only industry in which investments continued to growth through the 2008-09 downturn, private equity and venture capital investors continue to be bullish about investing in Education companies, reveals a new report – the second edition of “Private Equity Pulse on Education” – from research firm Venture Intelligence, the leading provider of data and analysis on PE/VC and M&A activity in India.
Nitish Poddar and Aneesh Vijayakar of KPMG set the tone for the report in an article highlighting the opportunities and challenges facing Private Equity investors in Education. They point out how the demand-supply gap, higher spending by
Funds advised by Magenta Partners (Magenta) have secured their first exit in the sale of Tag Worldwide (Tag) to global Business Process Outsourcing company, Williams Lea Group. Tag Worldwide is the largest independent media design and production agency in the world with a strong blue chip customer base including H&M, Coca Cola, RBS, Land Rover, Sony and Unilever.
The sale is the first exit from Magenta’s current portfolio (Magenta launched in January 2008) and represents an IRR of 42 per cent.
Magenta, which specialises in the SME growth investment space, has advised on eight investments to date, most recently in
Jawbone, a leading innovator of products and services for the mobile lifestyle, has secured USD70 million in funding from investors advised by JP Morgan Asset Management.
Jawbone is one of the largest privately-held, venture capital-backed consumer electronics companies in the world, and this round brings total investment in Jawbone close to USD170 million to date. The funding will allow Jawbone to continue its rapid growth and expand into new markets and categories, building on its successful portfolio of premium mobile products and services.
"We seek to invest in the best high-growth companies," says Larry Unrein (pictured), managing director
PvXchange, a leading online business-to-business exchange for photovoltaic components, has announced that Mark Zaleski will begin chairing its advisory board with immediate effect.
Zaleski has a long track record of building value into multi-country online businesses including Dailymotion, Ricardo PLC, DVDPost and Webvan Inc. PvXchange itself has seen rapid growth with the expansion of the international solar-energy market in recent years, with 184MW of modules being traded on the platform last year.
“I’m pleased to be chairing the advisory board of such a well-placed and rapidly-growing online business as pvXchange at this time,” says Zaleski.
“It is great to have
EISER Infrastructure Partners, an independent infrastructure fund manager managing assets with an enterprise value of over EUR3 billion,has established a senior-level advisory board to provide strategic support across the business. The board comprises:
Dr Thomas Bone-Winkel, a partner at German advisory firm Bone-Winkel & Company. He has extensive experience of alternative assets with expertise in private equity, corporate finance, accounting, taxation and corporate governance in Europe, Asia, North and South America.
Gavin McQuater, former Global Head of Project Finance at the international law firm Lovells until retirement in 2010. He was also the former Head of Lovells’ Corporate and Finance
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