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Krokus’ country fund for Poland, Nova Polonia Natexis II, has acquired 55 per cent of the shares in Catermed via a capital increase.
Catermed is the largest independently owned Polish company specialising in catering for hospitals.
Catermed offers catering to hospitals and other healthcare units as well as for community centres, schools, kindergartens and other institutions. The company operates through a network of kitchens in the south of Poland.
In 2010 Catermed also opened its first old peoples’ home "Beatus” in Krakow.
"The catering sector in Poland is still very fragmented and continues to grow dynamically. Catermed has a solid
DN Capital, a media and technology early stage and growth capital investor, has led a first round of investment in Performance Horizon Group, an online performance marketing technology provider.
Performance Horizon Group is founded by a team of entrepreneurs in the online performance marketing space. The team contains two of the founders of the buy.at affiliate network, Malcolm Cowley and Paul Fellows, which sold to AOL for USD125m in 2008.
Performance Horizon Group is developing a number of performance marketing technologies in the fields of affiliate marketing, email marketing and lead generation. It is currently live with Leadsbox, a lead
ITV has secured an asset based finance facility with Lloyds TSB Commercial Finance, which allows the broadcaster to draw up to GBP125m over a five year period.
This follows ITV’s recently announced nine month figures, where group revenues were up 11 per cent to GBP1,456m on 2009.
The asset based finance funding line coincides with ITV’s new five year transformation plan and will provide the company with funding as it embarks on this strategy.
Terence Powell, director business development at Lloyds TSB Commercial Finance, who led the deal, says: "We have been pleased to closely work with ITV
Octopus Investments has made an investment of GBP2m into Diverse Energy, a company that builds low-cost, low-carbon power generators for off-grid telecommunications applications.
Diverse Energy builds an emission-free, low-cost power solution for mobile phone communication towers in rural areas of developing countries.
It has developed the PowerCube, a standalone replacement for the polluting diesel generators currently used as remote power supplies for mobile phone towers where electricity is not available. It delivers power with low fuel and maintenance costs, thus offering a 25 per cent reduction in total cost of ownership with a two-year payback.
Diverse Energy, based in
Law firm DLA Piper has appointed David H. Lee, Robert C. Davis and Fred W. Blakeslee II to its private equity practice as partners in the Chicago office.
The group joins the firm from Mayer Brown.
Representing private equity funds, as well as public and private companies, the team focuses on handling business transactions around the globe which involve private equity investments.
“David, Rob and Fred have developed a high-profile private equity practice which includes significant experience handling transactions in the US and Asia, as well as a variety of other regions around the globe,” says Steve Napolitano, chair of
Fund administrator HSBC Securities Services (Guernsey) has appointed Amit Taylor as a managing director.
Taylor, a Chartered Accountant, was previously European head of sales for asset managers in London.
Before joining HSBC, Taylor held several roles within PricewaterhouseCoopers, where he helped to build its investment management consultancy business in the UK and was manager in the investment management division of the audit and assurance practice.
KRG Capital Partners, a Denver-based private equity firm, has completed the acquisition of Consolidated Equipment Parts and its wholly owned subsidiaries, Consolidated Commercial Controls d/b/a AllPoints Foodservice Parts & Supplies and Tundra Specialties from Pfingsten Partners.
AllPoints is a distributor of maintenance, repair and operation (MRO) parts, supplies and equipment to the foodservice industry.
AllPoints is the ninth platform company for KRG’s USD1.96bn Fund IV and represents KRG’s third platform investment in the business services and distribution market.
"We are excited to partner with the AllPoints team,” says Ted Nark, managing director of KRG Capital. "We believe the AllPoints platform
Black Pearl Capital Partners has added another UK renewable energy site to its UK portfolio in Bromborough, Wirral.
The site consists of 46 acres with facilities for bio-diesel refining, blending, processing as well as storage.
"Today’s purchase comes on the heels of another renewable energy site we acquired in Castleford, Yorkshire. It allows us to continue an investment strategy in waste processing, waste-to-energy and renewable energy sectors," says Reza Irani-Kermani, chief executive of Black Pearl Capital. "We expect the site to be operational by mid-2011 thereby creating new employment opportunities in the region."
The plant is currently capable of processing
European private equity firm Cinven has made two appointments to its portfolio support team.
Immo Rupf has been appointed as an operating partner in London and Ivan Kwok has been appointed as a principal in Hong Kong.
Based in London, Rupf will focus on growing and improving Cinven’s portfolio companies, working in conjunction with both the Cinven sector teams and the board of each company. He will also work closely with Cinven’s portfolio support team in Asia, seeking to add value to portfolio companies exploiting opportunities in that region as well as in emerging Europe.
Rupf joins Cinven from
The Gym Group, a UK low-cost gym operator, has secured GBP20m to fund its expansion plans.
Financial backing for the growth strategy consists of further incremental commitments from lead investor Bridges Ventures and a revolving credit facility from HSBC.
Chief executive John Treharne says: “Prevailing economic conditions mean that for many businesses access to new sources of funding remains limited. Our ability to secure substantial financial backing from such respected finance providers at a time when capital is so constrained is testament to the robustness of The Gym’s business model and our continued delivery against its objectives.
“This funding will
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