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Stanmore Implants (Stanmore), specialists in the design and manufacture of patient specific implants for complex orthopaedic reconstructions, has received GBP4m in equity investment from Imperial Innovations Group plc.
This news follows the announcement in June that Stanmore had received US FDA 510k approval for its Juvenile Tumour System (JTS) non-invasive extendible distal femoral replacement (JTS implant), for use in paediatric orthopaedic oncology surgery. Stanmore is now launching the JTS in the United States market and the proceeds will be used in part to help build a specialist sales force for this important product. The proceeds will also be used
LogMeIn, Inc, a provider of cloud-based connectivity solutions, has completed the acquisition of the Pachube service (www.pachube.com) and substantially all other assets of Connected Environments Ltd.
Pachube (pronounced “Patch Bay”) is a web-based service for connecting people and devices to the Internet of Things – a network of sensor-enabled devices publishing and sharing data that some predict will exceed 50 billion devices worldwide by the next decade. This acquisition furthers LogMeIn’s investment in highly scalable connectivity and data sharing platforms, and extends its reach beyond computers, smartphones and tablets to potentially all Internet-connectable devices.
“We believe the volume of
ECO Plastics (ECO), a leading European plastic bottle recycler backed by Disruptive Capital and SAM Private Equity, has raised GBP24m from Ludgate Environmental Fund Limited and Close Brothers to fund its expansion.
The financing will allow ECO to double its production of food-grade recycled material (rPET) for soft drinks bottles, increasing overall processing capacity from 100,000 tonnes to 140,000 tonnes of plastic bottles per year – equivalent to 420,000 bottles per hour or 2.8 billion bottles per year. This represents just under half of the total plastic bottle recycling in the UK last year.
Alongside a joint venture valued
JMI Equity, a private equity firm focused on investing in software, internet and business services companies, has made a strategic growth investment in BrightLine a leading producer of marketing services in the interactive TV space.
Headquartered in New York City, BrightLine develops and executes advanced TV marketing strategies for global consumer products companies including Unilever, GlaxoSmithKline, Intuit, Cisco and Kellogg’s. The company’s proprietary process aggregates consumer behavior trends and measures program results across all cable, satellite and other TV platforms, providing a unique value to its clients that extends beyond traditional TV advertising. BrightLine transforms TV advertising into an effective,
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
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