Solutions
Private equity firm Swander Pace Capital has sold its minority investment in natural and organic meat company Applegate to Hormel Foods Corp.
Swander Pace, along with Applegate founder Stephen McDonnell, have transferred ownership to Hormel in a transaction valued at USD775 million.
“We have enjoyed working with Stephen and the rest of his team to grow Applegate into the leader in the natural and organic meat industry,” says Andrew Richards, a Managing Director at Swander Pace. “Over nearly three decades, Applegate has been changing the food industry and providing quality products to meet the changing preferences of consumers who highly
Once a fund manager has got the middle office infrastructure in place – the hardware as it were – the logical next step is to work out how best to utilise it. How can the flow of data – and flow of data is not simply the software – be used in a smart, intelligent fashion to bring incremental gains to the way that the manager runs its business?
This is a question that many managers now face as the volume of data they must handle for a variety of regulatory and investor demands continues to rise exponentially. With the
Cim Fund Services, one of the largest fund administrators in Mauritius, is going live with the eFront’s flagship FrontInvest solution.
Cim Fund Services will use the automation capabilities of FrontInvest to provide premium administration services for sophisticated alternative investment funds around the world through gains in efficiency and accuracy.
Cim Fund Services is part of the Cim Group, a large financial services firm headquartered in Mauritius. Now among the largest fund administrators in the island nation, Cim Fund Services sought to reduce its dependency on manual processes, reduce human error, save time and produce reports more efficiently. With very
Noerr has advised on the sale of Kunze Folien GmbH to a strategic investor. The company which is based in Oberhaching near Munich is taken over by the US Aavid Group.
A Noerr team led by the Frankfurt corporate partner Dr Thorsten Reinhard acted on the side of the sole shareholder and company founder Burkhard Kunze.
Kunze Folien specialises in heat-conducting interface materials and films used in the dissipation of heat of electronic components. The takeover by Aavid, one of the world’s leading providers of heat management solutions and heat sinks in the electronics industry, is intended to develop new
By James Williams – Global law firms need to work closely with hedge funds to improve their cybersecurity risk management by identifying at-risk assets and coming up with a legal risk mitigation response.
Cybersecurity threats and data protection have become a top-line issue among managers. Whilst the latter is more of an internal threat, due to staff negligence or devious intent (i.e. taking sensitive fund investor information before leaving the firm), protecting a fund’s assets is vital.
One industry specialist I was speaking to last week informed me that one of their larger hedge fund clients had suffered 30,000 intrusion attempts
A team led by Altium CEO Phil Adams together with Sam Fuller and Madeleine Jahr has advised the Singh Family Trusts on the GBP1.9 billion agreed sale of New Look to Brait.
Brait has acquired a 90 per cent stake in the business primarily from funds advised by Apax and Permira while the Singh Family Trusts and management will own the remaining 10 per cent of the business. Brait is a leading South African investment group which recently acquired Virgin Active.
Tom Singh founded the business in 1969 before floating it in 1998 and taking it private in 2004
Private equity firm GTCR is to sell Protection 1, one of the largest providers of security alarm monitoring the the United States, to Apollo Global Management.
Protection 1 provides installation, maintenance and monitoring of security systems for residential, commercial and national accounts customers nationwide, and serves nearly two million customers, employing over 3,500 people in more than 70 office locations and five UL Certified monitoring centres across the country.
In executing the Leaders Strategy, GTCR partnered for a third time with security industry leader Tim Whall to acquire Protection 1 in 2010. Whall previously partnered with GTCR on successful investments
The London Pensions Fund Authority (LPFA) has selected an affiliate of Apollo Global Management as its alternative credit manager.
Subject to final documentation, Apollo will oversee the LPFA’s GBP150 million allocation to alternative credit including distressed debt, real estate debt, leveraged senior loans and private lending.
The mandate will be unconstrained and target absolute returns by investing across a number of higher yielding debt markets. It is expected that the majority of investments will be made within developed markets; however, there is also scope for allocations to emerging markets.
Apollo’s appointment was made after a thorough two-part tender process, which
Edmond de Rothschild Investment Partners has sold its investment in Prozone, which it has held since June 2013, to STATS a specialist in sports technology.
Since 1981 STATS has specialised in the capture, processing and multi-platform distribution of complex sports data. Its sports coverage includes nearly 300 events around the world ranging from boxing to motorsports to soccer and basketball.
Founded in 2004, Prozone (formerly Amisco) invented tracking technologies and is the global leader in the production of data and analysis of athletic performance, including its undisputed top position in soccer. In acquiring Prozone, STATS is carrying out a major
Ogier has advised Integrated Diagnostics Holdings plc (IDH) on its recent listing on the main market of the London Stock Exchange (LSE). The USD668 million market capitalisation included an initial public offering which raised USD290 million.
IDH is the largest fully integrated private sector diagnostics services provider in Egypt, offering a catalogue of more than 1,000 diagnostic services ranging from basic tests, such as glucose testing for diabetes, to molecular tests for hepatitis and highly specialised DNA tests. It operates 288 labs across the MENA region and in 2014, performed 22.3 million tests for 5.6 million patients.
Ogier provided Jersey
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