Deals
Americas
Coefficient Capital to raise $150 mln venture-capital fund
Coefficient Capital has set out to raise a $150 million maiden venture-capital fund, according to a filing with the SEC.Read More
Merida Capital funds VividGro
VividGro, a spin-out from Lighting Science Group Corporation, which is backed by Pegasus Capital Advisors, has secured an undisclosed amount of funding. The investors are Merida Capital and LSG. Based in West Warwick, Rhode Island, VividGro is a provider of controlled environment agriculture LED lighting solutions and services for the indoor horticultural...
Madrona names Elisa La Cava senior associate
Madrona Venture Group named Elisa La Cava a senior associate.Read More
Rhumbix picks up $8 mln
San Francisco-based Rhumbix, a mobile platform for smarter construction sites, has raised $8 million in funding. Autodesk led the round. Read More
Guzman Energy gathers $130 mln
Coral Gables, Florida and Denver, Colorado-based Guzman Energy, a provider of wholesale power, energy trading and hedging services, has raised $130 million in funding. The investors were Vision Ridge Partners and ZOMA Capital. Read More
Asia Pacific
HNA turns M&A norms around again
Everyone used to want to be on the sell side; now they want to be on the buy side.In recent months, there has been a new game in Hong Kong investment banking called ‘Distance yourself from HNA’. It is easy to play. On the way up, everyone wanted to advise HNA, the acquisitive-though-opaque Chinese conglomerate whose big holdings include stakes in...
The Morning Leverage: Brookfield Raises at Least $3.38B for Restructuring Fund
A roundup of private equity-related news.Read More
The Morning Leverage: EIG Global Energy Caught by Breitburn’s Liquidity Woes
A collection of private equity-related news from across the Web.Read More
The Morning Leverage: Castle Harlan Closes the Book on Baker & Taylor With Follett Sale
A collection of private equity related news from across the Web.Read More
PE-Backed Imaging Advantage to Build X-Ray Reading Machine
Private equity backed Imaging Advantage is developing a machine capable of reading X-rays.Read More
Europe
YFM Equity Partners invests £4.5m to support the continued growth of Collaborative Project Management Services Ltd
YFM Equity Partners (YFM), the specialist private equity fund manager, has invested £4.5m from its managed funds into Collaborative Project Management Services (CPMS) to support the continued growth of the business through ongoing new product and market development. YFM’s investment is the sixth investment from its £46m buyout fund. CPMS...
YFM Equity Partners backs the £10m MBO of DSP Database Managed Services
YFM Equity Partners (“YFM”), the specialist private equity fund manager has backed the MBO of DSP Database Managed Services (“DSP”), a leading provider of database and data platform managed services. Charlie Robinson and Ian Waterfield led the investment for YFM and this announcement marks the sixth investment from YFM’s Buyout...
H.I.G. Capital announces the sale of KidsFoundation
H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with more than €21 billion of equity capital under management, announced today that one of its affiliates has entered a definitive agreement to sell the KidsFoundation Group (“KidsFoundation”), the Dutch market leader in childcare services, to Onex Corporation...
NPIF - Maven Equity Finance invests £750,000 in Extreme Low Energy
Lancashire-based technology platform will double staff numbers in the next 12 months and create a R&D function to accelerate new product development NPIF Maven Equity Finance (“the Fund”), part of the Northern Powerhouse Investment Fund (“NPIF”), and managed by Maven Capital Partners (“Maven”), has invested £750,000 in Lancashire-based...
Univercells raises €16 million in Series B financing round led by Global Health Investment Fund
Investment proceeds will support commercialization of the company’s breakthrough biologics manufacturing technology Univercells SA (‘Univercells’) and Global Health Investment Fund (‘GHIF’) are pleased to announce the closing of a €16 million ($18.8M) Series B equity financing. Investment proceeds will support the continued development...
Mena
MENA drops 57.6% in value of M&A
The value of mergers and acquisitions in the Middle East and North Africa region declined by 57.6 per cent in 2017, despite the deal count maintaining almost the same level as the previous year, according to Mergermarket, a provider of M&A data and intelligence. For full year 2017, 126 deals worth approximately $16 billion (Dh58.76 billion) were recorded...
Private equity consortium invests into supplier of corporate and promotional apparel
A private equity consortium comprising RMB Corvest, RMB Ventures and Ethos Mid Market Fund have, alongside management, acquired 100% of Kevro, Africa’s largest value-add supplier of corporate and promotional apparel, and other brandable products. Kevro was acquired from Ethos Fund VI, which had owned a 72% stake in the group since 2011 and...
European business deals with Iran are safe, says Tillerson
AFP Last updated: October 22, 2017 The United States does not intend to disrupt European business deals with Iran, Secretary of State Rex Tillerson said in comments published Friday.Tillerson, speaking one week after President Donald Trump refused to certify the Iran nuclear deal and left its fate to the US Congress,...
Mourant Ozannes advises Saudi Aramco on US$10 Billion Islamic bond issuance programme
Mourant Ozannes has advised the Saudi Arabian Oil Company, otherwise known as Saudi Aramco, in connection with the corporate structuring of its first Sukuk Issuance Programme, for an issuance of up to SAR 37.5 billion (US$10 billion) Sukuk (Islamic bonds), and its SAR 11.25 billion (US$3 billion) Sukuk issuance under the Programme. The Mourant Ozannes...
Job fair offers hope for Syrian refugees in Jordan
Around 50 companies were represented at the one-day event Wednesday as they scouted for candidates to fill some 1,000 job opportunities, compiling lists of applicants by name, age and qualification.The EU-funded job fair, a first at the desert camp that houses some 80,000 refugees, comes after the launch in August of the only employment office at Zaatari...
International
Booming blockchains
An emerging trend to watch is leading blockchain startups making major acquisitions to better their market positions. June saw two interesting deals with Tron purchasing BitTorrent for $126 million in cash and BNC acquiring news service Cryptocurrency Newsfeed. In July, Binance snatched up Trust Wallet. In May, Coinbase acquired trading platform Paradex. Blockchain...
Linklaters M&A Tracker – Year to July 2018
Taking a look at the M&A market from the start of 2018 through to the end of July Corporate Partner, Nick Rumsby, commented: “There has been significant M&A activity in the last six months in all segments of the market, with lots of confidence in evidence across the world but particularly in the US” “However, we have started to see signs...
Global M&A value up in H1, despite decline in volume
Values increases in all regions except Asia-Pacific, boosted by sizeable deals in Western Europe and North AmericaPE/VC value also climbs in most regions The aggregate value of global mergers and acquisitions (M&A) improved in the first half of 2018, despite volume declining over the six months, according to M&A information collected by Bureau van...
Investcorp sells Veco Precision, a division of SPGPrints
Investcorp, a leading global provider and manager of alternative investments, today announces that it has sold Veco Precision (or “Veco” or “the Company”) to Gilde Buy Out Partners and Management. Veco is being carved out of and sold by its parent company SPGPrints Group B.V, the leading global provider of integrated solutions for rotary...
Offshore deal volume in 2017 outpaces previous year
Busiest year on record for offshore IPOs, Appleby reports The number and value of offshore M&A deals rose in 2017, making it one of the busiest years recorded for the region, according to a report released today by offshore law firm Appleby. The latest edition of Offshore-i, an Appleby report that provides data and insight on merger and acquisition...