Deals
Americas
Rockbridge raises $355 mln after selling stakes in four portfolio companies
Rockbridge Growth Equity has raised $355 million after selling stakes in four portfolio companies to a consortium of investors that included StepStone Group, Aberdeen Standard Investments, HSBC, Lexington Partners and LGT Capital Partners. Rockbridge Growth Equity will continue to manage the portfolio companies via a new continuation fund, RB Equity...
Apollo to buy Cox TV stations in broadcast push: Reuters
Buyout firm Apollo Global Management LLC has agreed to acquire a majority stake in 14 television stations from privately held Cox Media Group, the company said on Friday, a move that sets up Apollo to become a player in broadcasting, an industry it has sought deals in for some time.Read More
BPOC invests in Health-E Commerce
Beecken Petty O'Keefe & Company has made a majority investment in Health-E Commerce, a parent company of pre-tax health and wellness shopping sites. No financial terms were disclosed. Financo provided financial advice to Health-E Commerce while O’Melveney & Myers LLP acted as legal adviser. And, Paul Hastings LLP served as legal adviser to...
Steve Jurvetson’s Future Ventures raises $200 mln inaugural venture fund
Steve Jurvetson's Future Ventures said Friday it has raised a $200 million inaugural venture-capital fund, according to a press release.Read More
EIP backs Palmetto Clean Technology
Energy Impact Partners has provided up to $20 million in financing to Palmetto Clean Technology. Based in Charleston, South Carolina, Palmetto is a clean technology software and fulfillment platform company.Read More
Asia Pacific
Japanese groups invest £4.2bn in the UK and Ireland between 2013 and 2017, reveals new M&A report by Livingstone
Transaction values in UK and Ireland reached £978m from Japanese group acquisitions in 2017230 middle market companies acquired across the globe by Japanese groups – up 13% from 2016 Global increase in total transaction values globally to £15.9bn in 2017 –up 15% Europe continued to experience high buyer interest from Japan in 2017, with average...
Japan heading for biggest M&A spree in the U.S.
Japan is on track this year for its biggest acquisition spree in the US as advisers tell chief executives to pounce on deals while Chinese companies are hampered by trade war tensions. The advice of bankers and lawyers to accelerate US-targeted deals has intensified over recent months in line with both the surge in trade war rhetoric and the perception...
Asia-Pacific predicted to continue to dominate M&A activity In H2 2018
Intralinks has issued its Deal Flow Predictor for the fourth quarter of 2018. In the second half of the year, growth in the global number of announced deals will resume (after a first-half pause) at roughly 7% year over year. The strongest growth in announcements will come from technology (Intralinks calls this the TMT sector because tech includes...
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...
A Fond Farewell and Look Back at Eight Years
A recap of our favorite Private Equity Beat blog posts from over the years. Read More
Europe
Investcorp Technology Partners announces the acquisition of Ubisense
Investcorp Technology Partners, a leading European lower middle market technology investor, today announces that it has completed its acquisition of Ubisense’s SmartSpace business unit, including the Ubisense brand, for up to £35m. The investment is the fifth deal from Investcorp’s Technology Fund IV. Ubisense’s SmartSpace is an enterprise...
BGF exits Petrotechnics
BGF has announced the exit of its minority investment in Petrotechnics, a global leader of software solutions for hazardous industries, following its acquisition by US-based Sphera Solutions Inc. BGF invested £6m in the Aberdeen-based company in 2013 to support the development of Proscient – the first software enterprise platform for operational...
Weinhold Legal assisted JOJ Group with the acquisition of six stations
Weinhold Legal provided legal assistance to JOJ Group, a media company present in the Czech and Slovak media markets, in connection with its acquisition of a 100% stake in Československá filmová společnost, s.r.o. (whose portfolio includes tv stations such as CS film, CS mini, Horor film, War TV, Kinosvět and online videoportal Film popular). The...
Investcorp closes $185 million continuation vehicle with HarbourVest
Investcorp Technology Partners (“ITP”), a leading European lower middle market technology investor, today announced that it has successfully closed the transfer of its remaining two portfolio companies in ITP Fund III, with a combined enterprise value of $185 million, to a continuation vehicle, Investcorp Secondary Fund 2018 L.P. which...
Cavendish advises fast growing healthy recipe box bran Mindful Chef on securing £6m of further investment from Piper
Transaction showcases the strength of Cavendish’s healthy food and direct to consumer expertise Cavendish Corporate Finance, the UK’s leading sell-side mid-market M&A firm, has advised fast-growing healthy recipe box brand Mindful Chef on securing £6m of further investment from Piper, the specialist consumer brand investor. Founded by ...
Mena
Roquette invests in Israeli seed breeding company Equinom
The companies signed an agreement to develop high-protein pea varieties for food markets Roquette, a global leader in plant-based ingredients for Food, Nutrition and Health markets and a pioneer in new vegetal proteins, and Equinom Ltd., an innovative Israel based breeding technology company, have signed a partnership agreement for the development...
Maitland acquires Talaria, launches Maitland Family Office
Cross-border specialist wealth service likely to appeal to those needing offshore estate planning Maitland, the global advisory and administration firm, has announced the formation of Maitland Family Office, a multi-family office to service high net worth families, individuals and entrepreneurs in South Africa. The new entity will be one of the...
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,...
International
How company bosses need to protect themselves from increasingly ‘creative’ legal action
Company bosses and directors are being targeted increasingly with ‘creative’ legal action over investment deals that have gone wrong. It is clear that management teams and non-executive directors are now operating in a rapidly developing and fraught environment. Claims from investors and lenders are being pursued more aggressively outside...
Zephyr Global M&A Review, 2018
Global M&A value up year-on-yearValue increases in all regions except Asia-Pacific and MENA, boosted by sizeable deals in Western Europe and North AmericaPE/VC value also up, driven by investment in Western Europe The aggregate value of global mergers and acquisitions (M&A) increased in 2018, according to M&A information collected by Bureau van Dijk,...
ZEDRA Group announces long-term strategic partnership with Corsair Capital
ZEDRA Group (“ZEDRA”), the global specialist in trust, corporate and fund services, today announced that Corsair Capital LLC (“Corsair”), one of the longest-standing private equity firms focused on the financial services industry, has made a majority investment in ZEDRA. Corsair has a long and successful track record of growing financial...
HRtech M&A achieves record transaction volumes
Innovative recruitment, talent management and payroll and benefits technologies are driving HRtech M&ACompanies having to integrate HRtech to win the race for talent and adapt to the fast-evolving nature of work The latest HRtech M&A Market Report from international technology mergers and acquisitions advisors, Hampleton Partners, shows that 2018...
GDPR Burdens Hinder M&A Transactions in the EMEA Region, According to Merrill Corporation Survey
Merrill Corporation survey highlights future challenges for EMEA dealmakers when complying with regulations, accelerating deals and harnessing the power of data. An increasing number of M&A transactions may be stalling because of concerns over GDPR compliance, according to a survey of EMEA M&A professionals conducted by Merrill Corporation, the...