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Akin Gump Strauss Hauer & Feld is advising emerging market mobile telecoms operator VimpelCom on its combination with Weather Investments, a transaction that will create the world’s fifth largest mobile telecommunications carrier by subscribers.
The deal was signed on 4 October 2010 and is expected to close subject to certain conditions being met in Q1 2011.
On completion, the enlarged VimpelCom will have operations in 20 countries in Europe, Asia, Africa and North America, with approximately 850 million people living within the coverage area and pro forma net operating revenues of USD21.5bn. The shareholders of Weather Investments will receive 20
A new film fund launched by a local investment manager is believed to be the first investment fund established in Guernsey to specifically invest in film production, marketing and distribution.
Confiance Fund Services has worked closely with UK-based investment adviser High Fliers Film and local law firm AO Hall as legal adviser to launch Confiance Film Products PCC which will invest in both big budget and small budget movies.
“Financing films is always a delicate balance between the various parties involved in making the film and bringing it successfully to its target audience. You need to work with people who
Black Pearl Capital Partners has participated in the latest round of financing for Infinia, which has developed a scalable solar power solution that will enable broad access to inexpensive, mass-manufactured solar power.
The financing, which was led by GLG Partners with participation from Black Pearl and includes previous investors such as Vulcan Capital, will enable Infinia to fund the commercial launch of its PowerDish product.
"We’re excited about being a part of a technology that could change the way we view and use solar energy. Infinia has the makings of a company that could set a new standard for clean,
Antin Infrastructure Partners has reached its final closing at EUR1.1bn, exceeding its EUR1bn target.
Alain Rauscher, chief executive officer and managing partner, says: “The fundraising was initiated at the beginning of 2009, in an extremely difficult market. We were, however, able to attract some high quality investors early on, which paved the road for the success of our placement. Our success is based on the diversity of the team, the quality of the current investments, a focus on the Eurozone and an independent governance.”
The fund is a ten year closed end fund, focussed on brownfield, non-listed assets located in
Privalia Venta Directa, a private online sales club providing value for fashion brands and consumers, has received a EUR70m (USD95m) financing.
Privalia was founded in Barcelona, Spain in 2006 by Lucas Carné and José-Manuel Villanueva.
New investors General Atlantic and Index Ventures, together with current shareholder Highland Capital Partners, participated in Privalia’s funding round.
The capital raise – one of the largest in the private online sales sector – will enable the company to expand into new markets organically and through acquisitions.
This capital raise is the largest funding round the company has undertaken to date. Prior to this capital
Lyceum Capital-backed M&C Energy, one of the largest energy procurement and compliance specialists in Europe, has completed two acquisitions for an undisclosed value.
The Fife-headquartered company provides a broad range of bill auditing, energy price risk management and carbon optimisation services which help its 3,500-strong client base of businesses operate more efficiently while making significant savings on energy costs.
M&C Energy has acquired the Australian firm Creative Energy Solutions and German consultancy ETT.
These transactions boost M&C Energy’s turnover to around GBP38m and increases its international footprint which spans 19 offices in 14 countries, servicing clients in over
Albion Ventures has invested GBP8.7m in Radnor House School, a new co-educational independent school for students aged seven to 18 in Twickenham, South West London.
Radnor House is located on the historic site of Alexander Pope’s villa on the banks of the River Thames.
Albion Ventures identified a market opportunity to purchase the freehold premises and develop a new co-educational independent school with a strong ethos and focus on educational excellence.
Radnor House will open in September 2011.
Albion Ventures was attracted to the opportunity due to the strong demand for independent secondary education in the area, the strong
The value of smaller private equity buyouts grew 25 per cent in the three months to September to almost GBP600m, indicating a returning confidence amongst Britain’s small and mid-sized companies in the aftermath of recession.
Data from The UK Growth Buyout Dashboard – a quarterly trend analysis of private equity transaction in the GBP10m to GBP100m segment produced by Cass Business School and Lyceum Capital – shows 12 companies raised an estimated GBP590m of buyout funding during the period.
This compares with 15 transactions and GBP474m of funding in the previous quarter (April to June), when activity spiked in the
Private equity group MerchantBridge and partner Lafarge have assumed control of the Karbala Cement Plant.
The USD220m transaction marks the region’s largest private equity deal this year
The partners now take on full operations and management of the plant from the Government of Iraq under a 15 year lease agreement.
The Karbala Cement Plant currently produces less than 300,000 tons of cement per annum. MerchantBridge and its partner Lafarge are set to increase annual production to two million tons within 30 months.
Basil al Rahim, chief executive, says: "This is an important milestone for MerchantBridge in Iraq. It demonstrates that commitment,
BNP Paribas Securities Services has launched an enhanced service for onshore and offshore private equity and real estate funds.
In response to the growth in more sophisticated multi-jurisdictional, direct and indirect private equity and real estate funds, BNP Paribas has launched a dedicated platform for funds domiciled both on and offshore, including those with entities in multiple jurisdictions.
Dedicated operational teams provide transfer agency, fund administration and custody monitoring, together with a suite of accounting, investor and regulatory reports.
Maria Cantillon, head of alternative investment managers, BNP Paribas Securities Services, says: “We are delighted to be able to respond to
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