PE-backed medical cannabis startup Tilray appoints Castaneda as CFO
Canadian medical cannabis startup Tilray Inc has named Mark Castaneda as chief financial officer. Previously, he led IPOs for companies that included Primo Water Corp, Pike Electric Inc and Blue Rhino Corp. Tilray is a portfolio company of Privateer Holdings, a Seattle-based private equity firm focused on the legal cannabis sector.Read More
Healthcare tech platform Parachute Health rallies $5.5 mln seed
Parachute Health, a healthcare tech platform, has raised $5.5 million in seed funding. The investors included Greater New York Hospital Association Ventures and Loeb Holding Corporation.Read More
VPC and IFC launch new emerging markets fintech fund
Victory Park Capital and International Finance Corporation, a member of the World Bank Group, have launched a new fund. No financial terms were disclosed. The fund will invest in financial technology companies in emerging markets.Read More
Parthenon backs Trinity Partners
Parthenon Capital Partners has made an investment in Waltham, Massachusetts-based Trinity Partners, a life sciences strategy consulting firm. No financial terms were disclosed. Baird was financial adviser to Trinity on the transaction. Read More
TheSkimm grabs $12 mln Series C
TheSkimm, a daily newsletter for women, has raised $12 million in Series C funding, according to a source familiar with the transaction. GV led the round with participation from 21st Century Fox, RRE Ventures and Homebrew Ventures.Read More
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
The Morning Leverage: Battery to Buy Check Image Software Company
A roundup of private equity related news from across the Web.Read More
Palamon agrees sale of OberScharrer Group to Nordic Capital
Palamon Capital Partners (“Palamon” or the “Firm”), a pan-European growth investor, has agreed the sale of OberScharrer Group (“OberScharrer” or the “the Group”) to Nordic Capital Fund IX (“Nordic Capital”). The sale, which is subject to regulatory approvals, will generate investment returns of 3.6x invested capital...
Cewe announces the acquisition of Cheerz, the fast-growing European leader in online photo printing
Cewe announces the acquisition of Cheerz, the fast-growing European leader in online photo printing with a focus on mobile consumers, for an enterprise value of 45 million euros Clipperton acted as sole financial advisor to Cewe Clipperton advises a blue-chip German client on a French acquisition, leveraging his pan-European footprintThis acquisition...
Equiteq advises leading design thinking consultancy 8works on its sale to Oliver Wyman
Equiteq, the knowledge economy M&A specialist, is pleased to announce that it has advised 8works Limited (8works), a leading design thinking consultancy, on its sale to Oliver Wyman, a global management consultancy and wholly owned subsidiary of Marsh & McLennan Companies (NYSE:MMC). The transaction closed on 1st March 2018. Founded in 2003 and with...
Western European M&A value reaches 12-month high in February
PE and VC value up, despite decline in volume The value of mergers and acquisitions (M&A) targeting companies based in Western Europe more than doubled month-on-month and year-on-year in February, according to M&A information collected by Bureau van Dijk, a Moody’s Analytics company, and the leading publisher of company information. In all,...
ECM-managed fund acquires stake in Hamburg-based Albrecht & Dill Cosmetics GmbH
Distributor of exclusive fragrances in Germany, Austria and Switzerland aims to continue its success story with a new, financially strong partnerFocus on organic growth and active market consolidation in the DACH-region Leading market position based on exclusive distribution rights for luxury and lifestyle brands as well as comprehensive marketing...
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...
Gulf states say goodbye to tax-free reputation
Some have hailed introducing VAT as the start of "exciting, dramatic" change in the region, but the measure is also expected to push prices up for all residents including citizens and low-income workers.On Sunday, the United Arab Emirates doubles the price of tobacco and increases soft drink prices by 50 percent, ahead of the more general VAT on goods...
Cavendish advises leading travel and tourism PR and marketing communications agency Hills Balfour on its merger with MMGY Global
Cavendish Media and Digital – Creative Corporate Finance for Creative Companies Cavendish Corporate Finance, the specialist sell-side M&A firm, has advised Hills Balfour, Europe and Dubai’s leading travel and tourism marketing communications agency, on its merger with MMGY Global, the world’s largest integrated marketing company specialising...
PCI completes acquisition of Australia-based pharmaceutical packaging professionals
Acquisition establishes an Asia Pacific Headquarters for PCI Leading pharmaceutical outsourcing services provider PCI Pharma Services (PCI) announced the completion of its acquisition of Melbourne, Australia-based Pharmaceutical Packaging Professionals (PPP). PPP is a leading provider of clinical trial manufacturing, packaging, storage and...
Intralinks Deal Flow Predictor forecasts strong first half for M&A in 2018
Worldwide M&A announcements predicted to increase by up to 10% year-over-yearAsia Pacific and Europe predicted to lead growth in M&A activity The Intralinks Deal Flow Predictor, an indicator of future mergers and acquisitions (M&A) announcements with a proven track record for accuracy, forecasts that the number of worldwide announced M&A deals in...
Global M&A activity declines year-on-year in 2017
Western Europe and Asia-Pacific M&A value up on 2016PE/VC value increases in all regions The volume and value of global mergers and acquisitions (M&A) declined in 2017, according to M&A information collected by Bureau van Dijk, a Moody’s Analytics company, and the leading publisher of company information. In all, there were 96,082 deals worth...
Global M&A falls just short of previous years as uncertainty takes its toll on investments
Mergermarket have just released their full year 2017 global M&A trend report with legal advisor league tables. Highlights of the report include: Global M&A fell just short of previous years, as uncertainty appeared to take its toll on investments. M&A dipped 3.2% by value to US$ 3.15tn (18,433 deals) in comparison to 2016 (US$ 3.26tn, 18.592...