Deals

Americas

Walden Riverwood fund seeks to raise $300 mln

Walden Riverwood Ventures is seeking to raise $325 million for its third fund, according to a regulatory filing, called WRV III. The firm is led by Executive Managing Directors Lip-Bu Tan, Michael Marks and Nicholas Brathwaite and makes early-stage investments in what it calls core technologies, such as robotics company Bossa Nova, AI open source provider...

PE-backed NavaDerm appoints executive team

NavaDerm Partners, a Northeast-based regional dermatology platform and portfolio company of BelHealth Investments Partners LLC, has named Alejandro Fernandez as CEO. Also, NavaDerm has appointed Edward Conway as chief financial officer and Kimberly Campbell as executive vice president of business development and recruiting.Read More

PE-backed ATS buys Ranger Air

Aviation Technical Services, which is backed by JLL Partners, has acquired Ranger Air, a supplier of aircraft air frame and engine accessories and components. No financial terms were disclosed. XLS Partners was M&A adviser to Ranger Air on the deal.Read More

State Street to buy Charles River Development

State Street Corp agreed July 20 to buy Charles River Development. Financial terms weren’t announced but press reports pegged the deal at $2.6 billion. Charles River, of Burlington, Massachusetts, provides investment management software for the institutional investment, wealth management and hedge fund industries. Buyouts reported news of the sales...

Onex to acquire childcare provider KidsFoundation from H.I.G.

Canadian private equity firm Onex Corp has agreed to acquire KidsFoundation Holdings BV, a Dutch childcare services provider, in partnership with existing management. No financial terms were released for the deal, which is expected to close later this year. The seller is U.S. private equity firm H.I.G. Capital. H.I.G. established KidsFoundation in 2014...

Europe

'Profit with purpose' fund seeks £5m to back high impact enterprises

Impact First will aim to generate both financial and social returns SIS Ventures is launching its first £5 million fund to back Scotland’s high impact enterprises. Benefiting from both Enterprise Investment Scheme (EIS) relief and Social Investment Tax Relief (SITR), Impact First will offer investors a portfolio of between six and twelve high-growth...

Maven Equity Finance leads £1m investment in Airtime Rewards

Funding will be to used to drive sales function and strengthen customer services and will create 12 new jobs in the next year NPIF - Maven Equity Finance (“the Fund”), part of the Northern Powerhouse Investment Fund, managed by Maven Capital Partners (“Maven”), one of the UK’s most active SME investors has invested £750,000, as part of...

YFM Equity Partners supports £3m investment into Arcus, an innovative cloud-based software business that serves local and national public sector organisations

Funds advised and managed by YFM Equity Partners (“YFM”), the specialist private equity fund manager have backed a £3m investment into Arcus Global Limited (“Arcus”), a provider of cloud-based software solutions to local and national public sector organisations. YFM’s investment comes from its two advised VCTs, British Smaller Companies...

Foresight Williams Technology EIS Fund makes £2.1m investment into Oxford Space Systems Limited

Oxford Space Systems is a space technology business developing a new generation of light-weight unfurlable boom arms and foldable antennae Synergies with Williams Advanced Engineering’s light-weight materials and structures expertise The Fund supports the commercialisation of disruptive technologies with high-performance engineering capability...

PayAsUGym completes £6.5m Series A investment round led by Albion Capital

Albion Capital, the leading independent investment manager, has led a £6.5 million Series A investment round in PayAsUGym (‘PAUG’), the online fitness marketplace, alongside existing co-investor Concentric and individual angels. The investment will be used to build the team, further enhance the product, grow the gym network and overall user...

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

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...

Cavendish advises leading travel and tourism PR and marketing communications agency Hills Balfour on its merger with MMGY Global

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 in travel and hospitality. The merger, which includes Hills Balfour’s offices...

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...