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Noerr has advised the Danish private equity investment company Axcel on several pan-European acquisitions of high tech suppliers to the meat-processing industry and the formation of a global industry market leader.
Axcel is investing in the companies SFK LEBLANC, Attec, ITEC and Carometec via the Axcel IV fund.
The companies acquired were bought from various seller groups in Germany and Denmark. They operate across Europe and are owner-managed, except for SKF LEBLANC. SKF LEBLANC has been owned to date by the investment companies Maj Invest and Nimbus.
Total turnover at all four companies is around EUR150 million.
- 19/07/2016
Blue Sky Venture Capital has participated in a USD10 million financing round in aCommerce, an e-commerce provider that helps global brands such as L’Oréal, Adidas and Nestlé set up an online retail presence in Southeast Asia.
MDI Ventures, an Indonesian venture capital fund by Telkom, and DKSH, a Switzerland-based company providing market expansion services for brands, were also part of the raise.
aCommerce provides end-to-end services for e-commerce clients, which include brands and retailers, looking to grow their online presence in Southeast Asia. The business provides services along the entire e-commerce journey, including marketing, customer service, channel management, warehousing,
- 19/07/2016
Pan-European mid-market private equity firm Agilitas has supported the management buyout of Exemplar Healthcare, a UK provider of residential nursing care for adults with acute physical and mental disabilities (PMD) and learning disabilities (LD).
Consideration on the transaction is not being disclosed.
The group, which is based in Rotherham, operates 25 high quality, purpose-built specialist nursing homes, providing more than 700 beds across Yorkshire, Humberside, the Midlands and the North West. It employs approximatly 2,100 staff and generated revenues of GBP55 million in the year ended 31 March 2016.
Exemplar has an experienced management team, which is led
- 19/07/2016
- 19/07/2016
Kavitha Ramachandran (pictured), Senior Manager, Business Development and Client Management at Maitland, comments on the adoption the RAIF law in Luxembourg…
The launch of the RAIF is a very welcome development for the alternatives industry, and represents an important milestone in terms of the ‘bedding in’ of the new AIFMD regime. The switch from product to manager-focused regulation is one of the central planks of the AIFMD, so it makes no sense for the old now-redundant layer of product-focused regulation to remain in place – it amounts to regulating the same thing twice over. It doesn’t make investors any safer,
- 19/07/2016
- 19/07/2016
John Haynes (pictured), Head of Research at Investec Wealth & Investment, comments on Softbank’s proposed acquisition of ARM…
The announcement of an agreed bid for ARM Holdings by Softbank of Japan is the clearest illustration possible of the consequences of the current global currency volatility. Assuming the bid price, Softbank is paying over 25 per cent less in yen terms compared to over a year ago to acquire this crown jewel of UK, and indeed global, intellectual property. The devaluation of sterling will continue to provide interesting investment opportunities for overseas investors to buy UK assets, including central London property,
- 18/07/2016
The French private equity and venture capital association AFIC has welcomed the decision by the French financial markets authority AMF to introduce the concept of “premarketing” and adapt its definition of what constitutes an act of marketing.
AFIC, which as part of the framework of the working group FROG (French [Routes & Opportunities] Garden) had defended the importance of recognising the premarketing concept in French law, considers that this change in AMF doctrine will facilitate the launch of new funds in France and improve the distribution of French funds abroad.
Already accepted in other European financial markets, premarketing sends a strong
- 18/07/2016
Campbell Lutyens has appointed Sir Peter Westmacott – former British Ambassador to Washington – to the firm’s advisory board.
The advisory board, which was established at the formation of Campbell Lutyens 28 years ago, comprises a small number of distinguished thinkers who provide perspective and support to the executive team, which comprises over 90 full-time members operating from offices in London, New York and Hong Kong.
Westmacott says: "I have known John Campbell for well over 20 years and have followed with interest over that time the growth of Campbell Lutyens and the fields of private equity, debt and
- 18/07/2016
Noerr is advising SAF-Holland on its takeover bid for the listed Swedish Haldex Group.
The Noerr team is led by the Frankfurt partners Dr Holger Alfes and Dr Stephan Schulz.
Haldex is a provider of brake systems and air suspension modules for commercial vehicles. The cash bid values the company at around EUR442 million.
The proposed acquisition gives the SAF-Holland Group the opportunity to establish an integrated group for commercial vehicle chassis components.
In late 2015, Noerr already advised SAF-Holland on taking out a promissory notes loan for EUR200 million and also assisted the client in other
- 18/07/2016
Azalea Health has closed a USD10.5 million series B round of funding led by Kayne Partners, the growth private equity group of Kayne Anderson Capital Advisors, an alternative investment firm managing over USD22.5 billion in assets.
Existing Azalea investor Intersouth Partners, a venture capital firm in Durham, NC, also participated in the round.
Azalea Health is a provider of fully integrated, technology-enabled healthcare solutions and revenue cycle enhancement services for practices of all sizes and most specialties.
"The additional capital allows us to rapidly advance organic growth and consolidate the market through acquisition," says Justin Pierce, vice president of
- 18/07/2016
MarketInvoice has secured a GBP7.2 million investment led by MCI.TechVentures Fund of MCI Capital, a listed Polish private equity group.
This marks the first major fundraise from a peer-to-peer platform since the Brexit vote, with a European venture backer investing directly into the leading UK fintech company.
MarketInvoice, Europe’s largest peer-to-peer online invoice finance platform, will use the funds to cement its position as the biggest player in the UK, accelerate marketing, and continue developing its products around customer needs.
The platform has already provided GBP850 million worth of funding to UK businesses, and is set to reach
- 18/07/2016
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