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Aurora Russia had a net asset value of GBP93.2m, or 82.9p per share, as at 30 September 2010.
Cash and cash equivalents as at 30 September 2010 were GBP4.25m.
Records management company OSG expanded with an Armenian operation and added additional racking in its main Moscow facility in Lobnya. Revenues were GBP9.8m representing an increase of 23 per cent compared to the prior year period. Ebitda is up 20 per cent to GBP1.4m as at 30 September 2010.
Unistream’s share in the Russia-outbound and inbound remittances is estimated at 19.2 per cent and 12.1 per cent respectively according
Mistral Equity Partners, a private equity firm specialising in the consumer and retail sectors, has promoted three members of its investment team.
Griffin Whitney and Christopher Bradley have both been promoted to principal, and Elizabeth Nations has been promoted to senior associate.
“We are delighted to recognise Griffin, Chris and Beth for their hard work and outstanding performance,” says Andrew Heyer, chief executive officer and a managing director of Mistral. “In addition to their individual strengths in identifying successful investment opportunities, they are great team members whose contributions and leadership will continue to be invaluable to our success over
Wonder Holdings and Wonder Holdings Acquisition, both affiliates of H.I.G. Capital formed for the purpose of acquiring Matrixx Initiatives, have commenced a tender offer to acquire all of the outstanding shares of Matrixx’s common stock for USD8.00 per share in cash.
The aggregate value of the proposed transaction is approximately USD75.2m.
Upon the successful closing of the tender offer, shareholders of Matrixx will receive USD8.00 in cash for each share of the common stock of the company tendered in the offer, without interest and less any applicable withholding taxes.
Following completion of the tender offer, pursuant to the terms of
Capital Growth Advisors has completed the sale of Washington DC based Cafe Deluxe and Tortilla Coast by its founders, Bo Marcus and John Breen, to Maryland based Clover Investment Group.
CapGrow provided financial consulting services to the sellers in the transaction. Details were undisclosed.
"Bo Marcus and John Breen created two great brands in Cafe Deluxe and Tortilla Coast," says Jim Sullivan, Sr., managing director of Clover Investment Group. "All of us at Clover look forward to building on the strong base the sellers created and are excited about accelerating the growth of both brands."
"We are delighted that Jim
The Sterling Group, a Houston-based private equity investment firm, has acquired an equity interest in Saxco International.
The acquisition was financed with equity from Sterling Group Partners III and debt financing from BNP Paribas and Oaktree Capital Management.
Saxco, headquartered in Pennsylvania, is a distributor of rigid packaging products for the wine, spirits and craft beer markets in North America. The company distributes glass bottles and other packaging products to a customer base of more than 2,000 wineries, distillers, brewers and specialty food manufacturers.
Saxco was founded in 1936 by members of the Sachs family. Brothers Keith and Herb Sachs
The Georg von Holtzbrinck publishing group has sold the Main-Post media group to the Pressedruck media group, owners of the Augsburger Allgemeine newspaper.
The Main-Post media group publishes the Schweinfurter Tagblatt, Bote vom Haßgau, Volksblatt and Volkszeitung, in addition to its flagship Main-Post newspaper.
A team at CMS Hasche Sigle led by Thomas Meyding and Maximilian Grub advised the Georg von Holtzbrinck publishing group on all aspects of the transaction.
With average paid-for sales of around 130,000, Main-Post reaches some 350,000 readers across its distribution region. Consumer magazines, internet portals, mailing companies and service companies for publishers round off the
Kohlberg Kravis Roberts has appointed Kaveh Samie as managing director and head of Middle East and North Africa.
Previously, Samie was a managing director and head of equities for HSBC Middle East & North Africa.
The appointment takes effect on 6 January 2011.
Samie will work closely with Ford M. Fraker, chairman of KKR Middle East and North Africa, to expand the firm’s presence in the region.
“Kaveh has spent 25 years developing global and local equity platforms and building a strong network of relationships in the Middle East and North Africa. His close ties to investors, as well as
FolioDynamix, a provider of on-demand technology and product solutions to wealth management firms and their affiliated investment advisers, has received a USD16m investment led by growth equity firm ABS Capital Partners.
FolioDynamix will use the funds to extend the breadth of its technology platform and invest in sales and marketing.
As a result of the financing, ABS Capital general partner Cal Wheaton and chairman and founding partner Don Hebb will join the company’s board of directors.
“This investment is a clear indication of how we’re changing wealth management,” says FolioDynamix chief executive Joseph Mrak. “Firms and their clients demand a
RoundTable Healthcare Partners’ portfolio company Renaissance Pharma has acquired Confab Laboratories.
Confab is a contract pharmaceutical manufacturer in Montreal, Quebec.
"Renaissance is excited by the opportunity to further invest in the continued growth and success of Confab," says Pierre Frechette, president and chief executive of Renaissance. "As part of Renaissance, we are committed to supporting Confab’s mandate as a unique, fully-integrated pharmaceutical contract manufacturer."
"RoundTable and Renaissance are ideal partners for Confab," says Guy Lamarre, founder and former chief executive of Confab. "Their collective industry experience will be instrumental in building on existing partnerships with current customers and developing strong
Green Courte Partners, a private equity investment firm targeting niche real estate sectors, has promoted Sirina R. Jimenez and Antonia A. Anagnostopoulos to vice president and Jordan T. Kerger to senior associate.
Since joining Green Courte in July 2006, Jimenez has made significant contributions to the firm’s land-lease community portfolio where she has helped to optimise the operating performance of the portfolio and implement value-add strategies.
As vice president, due diligence, Jimenez will be responsible for the completion of due diligence of Green Courte’s new investments.
Anagnostopoulos joined Green Courte in June 2008. Since joining the firm, she has helped
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