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Matrix Private Equity Partners has invested in the GBP4m management buy-out of Faversham House Group.
Faversham is a multi-media business that publishes B2B magazines such as Utility Week, Europe’s largest environmental website www.edie.net and stages the UK’s no.1 environmental exhibition, SustainabilityLive!.
Matrix is investing GBP1.75m and will take a significant minority stake in the business. This is Matrix’s seventh investment in the media and publishing sector following its recent investment in recruitment business RDL.
Faversham employs over 100 people and is forecasting revenues of GBP10m in the current year.
Chris Price, investment manager of Matrix who led the
Butterfield Fulcrum, a fund administration company for the alternative investment industry, has appointed Edwin Parker as director of business development for the EMEA region.
Parker will start in February 2011 and be based in the London office, which has recently relocated to Mayfair.
He will be responsible for identifying and developing strategic partnerships to strengthen and expand Butterfield Fulcrum’s client base throughout Europe and its surrounding emerging markets.
Parker will work closely with Mark Boyes who joined Butterfield Fulcrum earlier this year as Director, EMEA business development.
Parker joins Butterfield Fulcrum from SS&C where he served as a business development
Baker Tilly Corporate Finance has provided financial advice to Cawood Scientific, the UK’s largest independent provider of analytical testing services to land based industries, which has secured GBP4m investment from NVM Private Equity.
Cawood Scientific operates with two analytical testing companies: Natural Resource Management, based in Berkshire, provides testing capabilities to customers in the agricultural, horticultural, amenity, contaminated land, environmental and waste industries; and Sciantec Analytical Services, based in North Yorkshire, provides analytical testing to a wide range of customers in the animal nutrition and animal health sectors.
The deal will support the company to take advantage of opportunities
Roark Capital Group, an Atlanta-based private equity firm, has acquired Atkins Nutritionals, a weight control and nutrition brand.
Atkins’ management team, led by chief executive Monty Sharma, will remain with the business and invested alongside Roark Capital in the transaction.
Terms of the transaction were not released.
The Atkins Nutritional Approach was popularly introduced in the 1960s. The company offers consumers its Atkins diet programme and a full suite of weight loss and weight management support tools online.
Atkins sells its products in the nutritional aisle at approximately 30,000 retail outlets, across the food, drug, and mass-merchant channel throughout the
Ben Edwards, Managing Partner at Syntaxis, outlines the reasons for the financing problems faced by European businesses, and looks at the alternatives.
While deal activity levels are picking-up across Europe, in Central and Eastern Europe, long-term debt and non-equity financing for strong businesses looking to grow is proving much harder to come by than in Western Europe.
This is the case for two key reasons:
Existing senior banks required repayment profiles which do not necessarily provide the requisite flexibility for growth-related capex, and when it is available, it is very expensive.
When there is term capital available, it is
Following approval of the Alternative Investment Fund Manager Directive by the European Parliament, the Isle of Man says it welcomes the final Directive and that work is under way to ensure it will meet key regulatory criteria.
The AIFM Directive was first introduced in response to calls for greater regulation of alternative investment fund managers.
Much uncertainty has surrounded the Directive as it has evolved over the past 18 months, but now that consensus has been reached the investment fund management community can prepare for its implementation in 2013.
The Directive has been welcomed by the Isle of Man’s
Czarnikow, the UK’s second oldest sugar trader, has advised Rio Vermelho, a Brazilian ethanol producer, on Glencore’s acquisition of a 76 per cent equity participation.
The deal value was greater than USD80m.
Czarnikow, through its corporate finance division, was the sole adviser to Rio Vermelho, which is located in the São Paulo region.
The investment is Glencore’s first in to the sugar/ethanol sector. The funds will be used to expand the mill’s crushing capacity to reach its full potential by building a new sugar plant.
The deal will also allow the Garieri family, the former controlling shareholder, to
Omnova Solutions has completed its acquisition of chemicals manufacturer Eliokem International from Axa Private Equity.
Omnova paid EUR227.5m for Eliokem, or approximately USD302m at current exchange rates, before subtracting Eliokem’s net debt and subject to working capital and capital expenditure adjustments.
The company expects the transaction to be neutral to slightly dilutive to earnings in 2011, but accretive in 2012.
In connection with the acquisition, the company issued USD250m in senior notes due 2018, replaced its existing USD150m term loan with a new USD200m term loan, and amended and extended its existing revolving credit facility.
"This combination creates a significantly
Jendens Securities, the stockbroking and advisory firm, has advised InternetQ on its AIM listing.
InternetQ is a mobile marketing services company operating in emerging markets in Europe, the Middle East and Latin America.
The company commences trading of its shares today at an initial market capitalisation of GBP31m.
The placing involves the issue of 5,641,025 placing shares to raise gross proceeds of GBP6.8m (GBP5.7m net of expenses) for InternetQ.
Jendens has an initial share price target of 180p, 50 per cent above the listing price.
InternetQ is used by major mobile operators such as Vodafone, Orange and MTV Network to
Maven Capital Partners has led the GBP6.9m MBO of Attraction World, a Birmingham-based provider of tickets for tourist attractions.
The new funding package will be used to further develop the business, including support for the roll out of the company’s products and services into Germany.
Whilst the travel industry has experienced a period of decline during 2008 and 2009, Attraction World has seen revenues increase significantly.
Attraction World was founded in 1996. Since 2004 the company has placed a greater emphasis on developing its online offering and systemised transaction process, which has contributed to an increase in its web-based revenues
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