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Capgemini, a provider of consulting, technology and outsourcing services, has acquired the German IT services company CS Consulting from LRPC, a fund managed by SüdBeteiligungen (a subsidiary of Landesbank Baden-Württemberg), founder Berndt Blumenthal and Kurt Rommel.
The operation will be funded using the group’s net cash position.
The contract was signed yesterday under conditional approval by the relevant anti-trust authorities.
Capgemini more than doubles its market share in IT services for local banking clients.
CS Consulting generated revenues of EUR47.4m in 2009 with an adjusted Ebit margin of 12.6 per cent. It specialises in the migration of core banking
Bladon Jets, a developer of micro gas turbine engines for cars and power generation, has raised GBP500,000 in a recent funding round from members of the Oxford Investment Opportunity Network, a European technology investment network.
Bladon Jets is working with car manufacturer Jaguar Land Rover on the development of a micro gas turbine engine to operate in a plug-in hybrid car.
A Jaguar C-X75 super car incorporating two Bladon Jets micro gas turbines was recently unveiled at the Paris Motor Show and the Los Angeles Motor Show.
Indian multinational Tata recently announced that it is making an investment in Bladon
Zoopla.co.uk, a UK property search and information website, has raised a further GBP3.25m of funding.
The funding consists of GBP1.75m of new equity finance from existing shareholders, led by venture capital firms Atlas Venture and Octopus, together with a GBP1.5m debt facility from Silicon Valley Bank, the commercial banking division of SVB Financial Group.
Zoopla attracts over five million visitors per month and delivers over ten leads per minute to estate agents and house builders across the UK.
This latest round of funding will be used to invest further in marketing to drive Zoopla’s brand awareness and grow
The Chicago office of law firm K&L Gates has appointed Robert V. Fitzsimmons as a partner in the firm’s real estate investment, development and finance practice.
He joins K&L Gates from Mayer Brown.
Fitzsimmons has extensive experience advising investment entities, banks and not-for-profit organisations in their real estate asset transactions involving cross-border and offshore structures, private equity funds, equity ventures, public and private real estate investment trusts and debt issuances.
He has counselled on the financing and development of all major asset classes, including industrial parks, corporate headquarters, and retail, residential, and resort projects.
In addition, he frequently provides
Chicago-based private investment firm The Pritzker Group has acquired Clinical Innovations, a medical device maker specialising in healthcare solutions for women and their infants.
The acquisition is the firm’s first in the healthcare field.
The Pritzker Group acquired the Utah-based medical device maker from RoundTable Healthcare Partners, a private equity firm focused exclusively on the healthcare industry.
Clinical Innovations develops, manufactures and markets medical devices with particular emphasis on healthcare solutions for women and their infants.
Terms of the acquisition were not disclosed.
“Clinical Innovations represents an exciting opportunity for The Pritzker Group,” says Tony Pritzker, Los Angeles-based managing partner
Ridgemont Equity Partners, a middle market buyout and growth equity firm, has acquired a majority investment in Unite Private Networks, a provider of high-bandwidth, fibre-based communications networks.
The financial terms of the transaction were not disclosed.
UPN specialises in providing high-capacity data communications networks and related services to schools, government, carriers, data centres and enterprise business customers. UPN currently provides service in 12 states, primarily in the Midwest US.
“Our partnership with Ridgemont as a majority equity sponsor provides growth capital and additional strategic resources to UPN,” says Kevin Anderson, chief executive of UPN. ”Our management team is pleased to
Global Opportunistic Fund II, a pre-IPO and IPO fund managed by Global Capital Management, has concluded an exit from its investment in Evergrande Real Estate Group.
Primarily driven by the divestment of Evergrande as well as income from other investments, GOF II declared a distribution of USD61.2m representing 20 per cent of the initial committed capital as a return of capital to the investors.
Evergrande is a Hong Kong-based investment holding company ranking among the ten largest real estate developers in China. It engages in real estate and property development, investment, management, construction, land leveling and other property development related
Elysian Capital, a private equity fund specialising in the UK lower mid-market, has hired James Cunningham as an operating partner.
He will work alongside the investment teams in sourcing, assessing and completing acquisitions, and also in advising and mentoring management teams in Elysian Capital’s investee companies.
His role will be to supplement the work of existing operating partner and Elysian chairman Chai Patel.
Cunningham has extensive industry experience, having worked at Bunzl from 1995 to 1999 and then again from 2002 to 2009, latterly as managing director, Bunzl UK and Ireland.
From 1999 to 2002, Cunningham was chief operating officer
Coller Capital, an investor in private equity secondaries, has launched an iPhone App allowing investors to make instant comparisons of the rate of return offered by different investment opportunities.
The Coller IRR App is available for download free from the Apple App Store or iPhone.
The App, a new incarnation of Coller Capital’s IRR Card, performs IRR and compound interest calculations at the spin of a dial.
Jeremy Coller, chief investment officer at Coller Capital, says: "People have always found our IRR Card useful. Our new App simply updates the Coller IRR Card for the digital age.”
Axa Private Equity has made a GBP7m investment in James Hull Associates, a UK private and NHS dental services provider.
The new funding will allow JHA to progress with its growth programme.
The investment was instituted by Axa Private Equity’s mezzanine team. It is part of a financial restructuring of JHA’s immediate holding company and has the full support of the company’s banks.
Axa Private Equity becomes the majority shareholder in the business with the remainder held by management.
Robin Pugh, chief executive of James Hull Associates, says: “Since joining the group a year ago I have seen
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