Solutions
The Beekman Group has held the first and final closing of Beekman Investment Partners III, LP (Beekman III) at USD230 million in equity commitments.
“We are very pleased by the strong investor interest and a single close at our hard cap of USD230 million after just three months of fund raising, says John G Troiano of The Beekman Group.”
Beekman III will continue the successful strategy employed by its first two funds, investing in lower middle-market services companies with enterprise values ranging from USD15 million to USD75 million in three focus industry sectors – consumer, healthcare and business services. Beekman
Private equity investment firm Thoma Bravo has sold portfolio company Telestream, a provider of live and on-demand digital video tools and workflow solutions, to Genstar Capital.
Financial terms of the deal, which is expected to close in Q1 2015, have not been disclosed.
“Thoma Bravo worked in partnership with management over our three year ownership period to invest in the business, make acquisitions and accelerate the Company’s growth,” says Holden Spaht, a managing partner at Thoma Bravo. “The Company today is a clear leader in the digital video space with the deepest set of products and services in the market.”
Investment bank Altium has advised Castik Capital on its GBP122.6m recommended cash acquisition for the entire share capital of Waterlogic, a distributor of drinking water purification and dispensing systems.
The Waterlogic acquisition was made through Poseidon Bidco, a newly formed entity incorporated by Castik-managed EPIC Funds, and was accepted by 99.9% of the shares eligible to vote.
Earlier in December, Castik completed its acquisition of leading UK water cooler company Angel Springs and over time aims to combine the two businesses to create a leading global brand. As part of the latest acquisition, Angel Springs will become a Waterlogic
Tom Carey & David Crosland of Carey Olsen, explore the introduction of the Limited Liability Partnerships (Guernsey) Law 2013…
In response to the increasing demand for limited liability partnership (LLPs) structures in Guernsey the Limited Liability Partnerships (Guernsey) Law, 2013 came into force on 13 May, 2104.
The key features of a Guernsey LLP are similar to those registered in other jurisdictions but certain enhancements have been made to the legislation to broaden the scope of their commercial use and to benefit sponsors looking to use Guernsey as a domicile for private equity funds.
Key features
A Guernsey LLP is a
Spruce Capital Partners and Xeraya Capital have held the first close of MLS Capital Fund II, LP at USD150 million.
MLS Capital Fund II, the successor to the USD162 million Malaysian Life Sciences Capital Fund, is co-managed by Spruce Capital Partners and Xeraya Capital, which will invest the funds in a diversified portfolio of biogreentech companies at all stages of development.
Biogreentech spans plant and animal agriculture; food, feed, and nutrition; bio-renewable chemicals and materials; and adjacent opportunities along the value chain, including "big data analytics," robotics, production, harvesting and use of natural resources, and synthetic biology.
"The use of
Baker Botts, an international business law firm, advised clients on over 35 major M&A transactions (including spin-offs and split-offs) valued at nearly USD200 billion in the second half of 2014.
When combined with M&A deal volume and value from the first half of the year (38 deals for a total value of USD56.6 billion), Baker Botts’ totals exceeded USD250 billion, representing a 233% increase over 2013.
“Large energy transactions continued to lead the way in 2014,” says David Kirkland, Co-Chair of Baker Botts's Corporate Department.
“While deal volume increased, deal size is what really drove M&A totals to much higher
CutisPharma has closed an equity financing with Ampersand Capital Partners. As a part of the transaction, Silicon Valley Bank has provided a senior credit facility to further support the Company's growth requirements.
In conjunction with the financing, two Ampersand partners, Eric Lev and David Parker, have joined the CutisPharma Board of Directors. Financial terms of the transaction were not disclosed.
"We are very excited to partner with Ampersand,” says CutisPharma's Indu Muni, PhD, founder, Chairman & CEO, "Ampersand's expertise in specialty pharmaceuticals, and in particular its experience in the compounding pharmacy sector, will be invaluable as CutisPharma looks to aggressively
Nigeria’s first institutional private equity fund African Capital Alliance (ACA) has automated and streamlined its operations via FrontInvest, eFront’s flagship solution, which includes an investee portal.
ACA currently manages three active funds and has raised cumulative capital commitments of more than USD700 million. Founded in 1997, ACA focuses on regional investments in the Gulf of Guinea.
Due to its rapid growth, ACA required a single integrated solution to automate and streamline its mission-critical processes. eFront was chosen to provide a full end-to-end implementation of FrontInvest including modules for fundraising, fund management, deal evaluation, portfolio management and fund accounting. Through
VentureFounders has helped four growing British businesses raise a total of GBP3.95m across their investor base since its launch last September.
The new equity crowdfunding platform was created to make angel style investing in startups more accessible to all. Each investment opportunity has been subject to a detailed process of due diligence by the VentureFounders team to ensure that they have potential for growth and profit, a sustainable competitive advantage, a clear path to commercialisation, a strong management team and viable monetisation options.
Companies looking to fundraise on the platform are not limited by sector and have ranged from
Private equity firm Thoma Bravo has completed the sale of Tripwire, a specialist in advanced threat, security and compliance solutions, to Belden Inc for USD710 million in cash.
Since being acquired by Thoma Bravo in May 2011, Tripwire has grown revenues 70%, improved profitability by 400%, increased market share, and solidified its global leadership position in cybersecurity.
“From the very beginning of our partnership, Thoma Bravo provided Tripwire with the resources and expertise to achieve market leadership in security and vulnerability management,” says Seth Boro, managing partner at Thoma Bravo. “The sale to Belden is a testament to the success
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