Solutions
A shareholder group, including Statoil Technology Invest and Verdane Capital V have agreed to sell RESMAN to Nordic Capital Fund VIII.
Since its inception in 2005, RESMAN has rapidly evolved its innovative tracer and data analysis technology to provide a long term, reliable, risk-free and cost efficient alternative for reservoir monitoring. The company was formed in 2005 by SINTEF Venture and Statoil Technology Invest based on technology developed by SINTEF and IFE. Since its inception, the company has installed thousands of its proprietary Intelligent Tracer systems in hundreds of wells for more than 40 Oil & Gas operators worldwide.
RESMAN
Two weeks after announcing Alain Ducasse Entreprise as the first borrower to use its SME lending marketplace, Lendix has brought in major new shareholders.
Decaux Frères Investissements, Banque Wormser Frères, Sycomore and 2twointernational family offices have joined the founding shareholders, providing EUR3.2 million of equity capital and committing EUR25 million to lend to SMEs on the Lendix marketplace.
Olivier Goy, president and founder of Lendix, says: “We are very excited to have such a diverse and solid shareholder base. It demonstrates the interest SME loans have for every type of investor.”
Gérard Degonse (Chairman of JCDecaux’s Supervisory Board and Administrator
UBS Fund Services has implemented SunGard’s Investran Insight to provide investment managers and investors with interactive reporting, advanced analytics, and data visualisation across its private equity value chain.
SunGard’s Investran Insight delivers a customisable and user-friendly portal experience that integrates seamlessly with the UBS client web portal, UBS Fund Services Online. Through Investran Insight, UBS clients and their limited partners (LPs) will have access to a secure, interactive reporting experience with detailed information available on investors, funds and underlying portfolio companies.
UBS Fund Services also uses SunGard’s Investran, which provides relationship management, reporting and partnership accounting functionality, and also integrates
HarbourVest Global Private Equity (HVPE) is planning to move its listing on the Specialist Fund Market to the Main Market of the London Stock Exchange in early September 2015.
In order to clear the way for a Main Market listing, HVPE needs to ensure that US share ownership is below 50%. The Company believes that the US shareholder percentage is now below this level.
HVPE seeks to provide shareholders with superior, long-term capital growth while avoiding undue risk thanks to its diversification. HVPE currently gives investors exposure to 723 private equity funds and partnerships, including many of the industry’s
iLEVEL has been selected by European private equity firm HgCapital to support the optimisation of their portfolio data management and reporting processes.
HgCapital has assets under management of over GBP5 billion, serving over 100 highly regarded institutional investors, including private and public pension funds, endowments, insurance companies and fund of funds. A staff of more than 100 people in investment offices in London and Munch manage three investment funds.
Amanda Good, Head of the Portfolio Projects team at HgCapital, says: “iLEVEL will streamline our reporting process, enabling us to create reports faster and automate many of the tasks that previously
Private equity firm OpenGate Capital has completed the sale of Kotkamills Oy, to MB Funds, an independent Finnish private equity firm focused on acquisitions in the Nordic market.
Kotkamills, located in Kotka, Finland, is a manufacturer of specialty papers and wood-based products. Financial terms were not disclosed.
Acquired from Stora Enso in July of 2010, Kotkamills represents one of the most complex carve-out and transitions for OpenGate Capital to date. At acquisition, OpenGate launched its operations plan to consolidate Kotkamills’ five legal entities into a single business and establish entirely new IT, HR, treasury, finance, procurement, sales and logistics processes,
Atlas Holdings has completed the sale of Olympic Panel Products to Swanson Group Manufacturing LLC, a Pacific Northwest forest products company.
Located in Shelton, Washington, Olympic Panel is a subsidiary of New Wood Resources, and is the largest overlay plywood manufacturer in North America.
"With our lease expiring next year, we needed to make a strategic, long-term decision and concluded that this transaction is the right step at this time," says Kurt Liebich, CEO of New Wood Resources, which owns Olympic Panel. "While Swanson’s new facility in Springfield will eventually be the place where Olympic’s products are made, nothing with
Intralinks Holdings has launched Intralinks Dealmanager which is aiming to improve corporate development teams’ capacity and ability to evaluate deals properly by giving them a centralised place to manage deal processes, assign tasks, and report on deal progress.
For decades, corporate development professionals have had to rely on manual procedures and traditional, disparate tools such as spreadsheets, Microsoft Word documents, email, and multiple shared drives to manage portfolios of complex transactions. Not only has the process been cumbersome, it has also introduced a high degree of data security risk.
“Corporate development practices have been long overdue for an overhaul,”
Arma Partners has acted as exclusive financial advisor to SSP Limited (SSP) on its sale to UK private equity firm LDC for GBP207 million.
SSP, a Hellman & Friedman portfolio company, is a specialist provider of insurer policy administration systems, insurance policy distribution platforms and broker management systems to the insurance industry. As part of its offering, SSP provides highly innovative data services, such as fraud detection and telematics, to help insurers better assess risks.
This transaction demonstrates Arma Partners’ continued strength in Financial Technology.
Carey Olsen has advised Ardel Holdings Limited on the sale of Ardel Trust Company (Guernsey) Limited to Equiom Group.
Ardel, previously known as Bachmann, was established in 1974 to provide specialist trust and corporate services to private and corporate clients and has, over the years, firmly established itself as one of the largest independent fiduciary services companies in the Channel Islands.
Equiom is an independent trust and corporate services provider with offices in the Isle of Man, Jersey, Malta and Hong Kong. The company first established a Channel Islands office in 2009 and this acquisition supports its objective to increase
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