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Antin Infrastructure Partners has appointed Angelika Schöchlin as Partner and promoted Guillaume Friedel to Vice President.
Prior to joining Antin Infrastructure Partners, Schöchlin worked at Terra Firma as a Director based in Frankfurt. Angelika has over 12 years of experience in principal investing (including infrastructure) and corporate finance.
Alain Rauscher, Chief Executive Officer and Managing Partner, says: “I am delighted to announce the arrival of Angelika, which further strengthens our investment and asset management capacity. Following the successful closing of the Fund last September, Antin IP is focusing on delivering value creative transactions to our investors and Angelika’s
Venture capitalists put EUR843 million to work in 230 deals for European companies in the fourth quarter of 2010, according to Dow Jones VentureSource. This represents the lowest quarterly investment figure for Europe in 2010. Compared to the fourth quarter in 2009, deal flow dropped 31% from 333 deals and investment declined 16% from EUR1 billion invested in the fourth quarter of 2009.
Throughout 2010, 1,039 venture deals raised EUR3.9 billion, a slight increase in investment from the record low in 2009 when EUR3.6 billion was collected for 1,118 deals.
“The general economic woes and, more specifically, the
New research from BDO shows that multiples for good quality private companies increased in 2010 and is likely to continue to rise this year, driven by interest from both trade and private equity buyers.
In total 1,928 deals were completed in 2010, of which 83% were trade deals and 17% were private equity. Whilst the volume of deals is slightly lower than 2009 (2,174), there has been a shift away from ‘distressed’ deals to more ‘traditional’ transactions, focusing on good quality private companies.
The 2010 BDO Private Company Price Index (PCPI) tracks the price/earnings (p/e) multiples paid by trade
Aircell, a provider of inflight connectivity, has closed a USD35m financing with its existing investors and Aircell’s management team.
Through its Gogo, Gogo Biz, and other services, Aircell offers Internet connectivity on laptops, smartphones and PDAs on nine of the top 11 US airlines and on nearly 6,000 business aircraft, enhancing the inflight experience for passengers. Proceeds of the financing will be used to fund growth in both commercial and business aviation markets.
"2010 was the year Inflight Internet went mainstream and Aircell established its leadership in this exciting new mobile Internet venue," says Michael Small, Aircell President and CEO.
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
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