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Private equity firm PAI Partners has agreed to buy the Hunkenmoeller lingerie chain from Maxeda Retail Group.
Financial terms of the deal were not released.
According to the report by Reuters, Hunkemoeller has 500 stores in the Benelux, France and Germany.
Last week, Maxeda agreed to sell De Bijenkorf department stores to the Selfridges Group, owned by Canada’s Wittington Investments.
Maxeda, a unit of KKR, was formed in 1999 and took on the store chains of the former Vendex KBB group.
Affiliates of Bain Capital Partners have completed the acquisition of retail company Gymboree for USD65.40 per share in cash, or approximately USD1.8bn in the aggregate.
The definitive merger agreement was announced on 11 October 2010.
Pursuant to the merger agreement, Giraffe Acquisition, a corporation controlled by Bain Capital, commenced a tender offer on 25 October to acquire all outstanding shares of Gymboree at a price of USD65.40 per share, net to the seller in cash.
The tender offer expired at 11:59pm, New York City time, on 22 November and the depositary has advised that, as of the expiration time, 21,566,182
New York Life Capital Partners, the private equity arm of New York Life Investments, has appointed Alan Weinfeld as managing director and head of business development.
In this newly created position, Weinfeld will be responsible for managing and coordinating fund marketing and capital raising activities of the firm.
"We are delighted to welcome Alan to NYLCAP. His perspective, experience and energy will infuse another dimension of specialised expertise to the firm’s fundraising initiatives and contribute to the expansion of our investor base," says Thomas Haubenstricker, chief executive officer.
Previously Weinfeld served as director of business development for Darby Private Equity,
Arma Partners, a technology, media and telecommunications M&A advisory firm, has acted as exclusive financial adviser to Gigle Networks on its sale to Broadcom.
The transaction is valued at approximately USD83m.
Founded in 2005, Gigle develops system-on-a-chip solutions for home networking over power lines, coaxial cable and phone lines. Gigle provides solutions for multimedia home networking that can extend wired and wireless Ethernet everywhere in the home without the need for new wires. The solutions are targeted for applications such as internet protocol television, broadband TV, video on demand and voice over IP.
Gigle has R&D centres in Barcelona,
Ergon Capital Partners III has reached an agreement with the shareholders of ELITech Group to become a majority shareholder.
ELITech Group will be acquired by a newly incorporated company controlled by Ergon, alongside the founders Financière du Bief and Biotech International, the historical financial investors BNP Paribas Développement, Idia Participations, Naxicap and Synergie Finance, and management.
With six manufacturing sites in France, the US, the Netherlands and Italy and 14 subsidiaries, ELITech Group is a manufacturer and distributor of in vitro diagnostic equipment, tests and reagents focused on small to medium-sized, proximity and emergency diagnostic laboratories. The group is currently
Bank of Ireland Corporate Banking has part-financed the acquisition, through the provision of USD91.5m senior debt facilities, of a majority shareholding in Creganna-Tactx by the Permira Funds.
Headquartered in Galway, Ireland, Creganna-Tactx Medical supplies products, technologies and services to medical device and life science companies. It specialises in the design and manufacturing of delivery devices for minimally and less invasive therapies.
Creganna-Tactx Medical employs approximately 1,000 people worldwide and has manufacturing sites in Ireland, US, Singapore and Korea.
Bank of Ireland has worked closely with Creganna-Tactx Medical from its inception as a start up company, supporting the company through
The Hong Kong office of law firm Eversheds has appointed former Baker & McKenzie special counsel Stephen Chan as a partner in its corporate practice.
Chan, who has spent more than 12 years with Baker & Mckenzie, specialises in M&A and joint ventures as well as corporate and financing transactions.
He has particular expertise in the technology, media and telecommunications and energy, mining and infrastructure sectors. He has also advised various clients in the venture capital and private equity sector.
In his role at Eversheds Chan will be focussing on both inbound and outbound cross-border M&A transactions, joint ventures, corporate
Qype, a user-generated local review site in Europe, has raised EUR3.5m from Vodafone Ventures and a further EUR3.0m from its existing three investors, Advent Venture Partners, Partech International and Wellington Partners.
Launched in March 2006, Qype’s communication platform is Europe’s largest site for user-generated reviews and recommendations of places, events and experiences.
Qype covers more than 158,000 European towns and cities and has 17 million unique visitors per month.
The additional funds will be used to develop Qype’s mobile business. Its mobile application Qype Mobile was first launched for the iPhone in January 2009, followed by versions for Android and
The OzForex Group, an online foreign exchange payments platform operating under the OzForex, UKForex, CanadianForex and NZForex country brands, has received a minority growth investment from Accel Partners and The Carlyle Group.
The funds will help accelerate OzForex’s expansion into North America, Europe and Asia, as well as the development of complementary product and service offerings.
Under the arrangement, representatives from both Accel Partners and The Carlyle Group will serve on the OzForex board of directors.
The transaction closed on 19 November. Financial details were not disclosed.
The company’s founders and Macquarie Private Wealth, which is part of Macquarie Group,
Riverside Partners, a Boston-based private equity firm, has invested USD34m into Welocalize, which specialises in content translation, localisation and internationalisation of web based content.
Welocalize was founded in 1997 and is based in Frederick, Maryland.
With over 400 employees in nine offices located in the US, Ireland, Germany, China and Japan, Welocalize provides translation supply chain management that delivers market-ready, translated content.
Welocalize’s translation supply chain management solutions are driven by GlobalSight, a collaborative, open-source translation management system.
Riverside Partners’ investment will be used to support the company’s growth initiatives including investment in the company’s technology systems and potential add-on
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