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TowerBrook Capital Partners has made an investment in Phase Eight, the UK-based women’s wear retailer.
TowerBrook believes that Phase Eight has an exciting platform for growth over the years ahead and as the partner of choice will deploy its significant retail experience and international operations in assisting Phase Eight management in continuing to grow the business over the next few years.
Closing of the transaction is expected to take place later in February 2011.
Winston Ginsberg, Managing Director, TowerBrook, says: “We are delighted to be able to make a significant investment in Phase Eight. It is a leading retail clothing
NBGI Private Equity (NBGI) has acquired a majority stake in the Sante Group, a leading operator of oncology therapy centres and related technical services in Turkey for an undisclosed amount.
This is NBGI Private Equity’s sixth investment in South Eastern Europe (SEE) by its current SEE team. Other NBGI investments in the region include companies in a variety of sectors such as pharmaceuticals, marble quarrying, private education, and food and beverages. NBGI focuses on investments in quality management teams with significant growth prospects including management buyouts, growth capital investments and recapitalisations.
Founded in 1987, Sante operates four therapy centres, currently
Blackstone Group’s Economic Net Income (ENI) was USD1.4 billion for the full year 2010, an increase of USD714.5 million compared to ENI for the full year 2009, according to the group’s full year 2010 results.
The increase in ENI was driven principally by strong performance across the investment segments, which produced USD1.5 billion in Performance Fees and Investment Income, up from USD273.6 million for the full year 2009. That strong performance continued through the fourth quarter where ENI was USD512.7 million, up 56% from USD329.4 million earned in the fourth quarter of 2009.
Blackstone’s Fee-Earning Assets Under Management and Total
Investec Growth & Acquisition Finance (Investec) has successfully exited its investment in Big Bear Group plc (Big Bear), the owner of Sugar Puffs and other food brands.
This follows the sale of the company to Glisten Ltd, a UK subsidiary of listed Finnish group, Raisio plc, in an GBP82 million transaction. Investec has realised an Internal Rate of Return on its original investment of over 37%.
Investec has supported Big Bear since its inception, backing its first acquisition in September 2003 of a non-core division from Northern Foods plc, with an integrated finance package comprising senior, mezzanine and equity
Cellnovo, developer of the first mobile diabetes management system, has raised GBP30 million (USD48.4 million) in a Series B financing round led by Edmond de Rothschild Investment Partners (EdRIP), with Forbion Capital Partners; Auriga Partners; NBGI Ventures and Credit Agricole Private Equity, joining Series A investors Advent Venture Partners, HealthCare Ventures and NESTA in the round.
Based in London, Cellnovo will use the funds to commercialise its system and expand to markets around the world. The Cellnovo system, developed in-house, is unique in several ways including: the accuracy and size of the pump’s technology, as well as the touch-screen, mobile-connected
The private equity industry continued its strong recovery in the fourth quarter of 2010 with PE activity returning to the level just prior to the global economic collapse in early 2008, according to the year-end Private Equity Index released today by the Private Equity Growth Capital Council.
At year end, the Index stood at 115.3, its highest level since the fourth quarter of 2007. Other key metrics captured by the fourth quarter PEGCC PE Index include: private equity-based buyout activity for all of 2010 was at USD221 billion, the highest since 2008; for the year, there were 96 PE-backed IPOs
After a six-year holding period, AXA Private Equity has sold its shares in Gealan Beteiligungs GmbH to Halder. Management, as well as members of the company’s advisory board, will retain their shares.
Gealan’s management has gained a strong and highly experienced partner in Halder, with whom Gealan can continue its strategy for growth – based upon a solid business model with innovative products and loyal employees.
Halder’s decision to purchase the shares was motivated by the strong confidence in Gealan management as well as the company’s prospects for the future thanks to the recently introduced innovative STV und IKD
Maven Capital Partners has been selected as fund manager of the Scottish Loan Fund (SLF). Some GBP55 million of public sector funding from the Scottish Government, Scottish Enterprise, Highlands & Islands Enterprise and the European Regional Development Fund (ERDF) has been committed to cornerstone the SLF, with additional private sector commitments under discussion which have the potential to increase the size of the fund.
The SLF has been established to meet the current demand for finance for Small-to-Medium sized Enterprises (SMEs), particularly among the growth and exporting businesses that can contribute to Scotland’s economic development. Research undertaken has shown that
Venture capital fund Runa Capital is to increase its total fund size to USD50 million. The decision to increase the fund follows growing interest among Russian and international technology entrepreneurs and investors, who share Runa Capital’s vision of helping early-stage Russian technology companies compete at a global level.
Originally established with seed financing of USD30 million, the increase will ensure even more young Russian and CIS high-tech teams can benefit from the firm’s capital, expertise and strategic partnerships.
Runa Capital’s list of partners now combines more than 20 world-class technology entrepreneurs and professional investors. Among the new partners are Edward
The Paris Office of Morgan Lewis with the assistance of teams from London and Frankfurt, advised Easyvoyage group on the acquisition of two UK and German comparison and travel deals websites Dealchecker and TravelJungle, and an online e-marketing agency FSI.
The acquistion of Dealchecker, leading UK price comparison and travel deals website, TravelJungle, top German price comparison website, operating in Germany, UK and Spain, and an online e-marketing agency FSI, which manages four million active subscribers, strengthens Easyvoyage’s position which is now presented as a European major leader on its market.
These deals have been closed for a global amount
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