Home Firms and Funds
Firms and Funds
Target: prAna Price: $36.5 million Sponsor: Steelpoint Capital Partners Seller: Liz Clairborne Inc. Financial Adviser: Seller: Centerview Partners LLC Legal Adviser: Sponsor: Cooley Godward Kronish LLP; Seller: Kramer, Levin, Naftalis & Frankel LLP Steelpoint Capital Partners dug deep into its pockets earlier this month to acquire prAna, the Vista, Calif.-based maker of yoga and outdoor […]
Target: Kurt Versen Price: $100 million Seller: Audax Group Sponsor: Hubbell Inc. Return Multiple: 3x After watching other lucrative exits take place in the same sector, Audax Group cashed out of niche lighting company Kurt Versen Co. recently after boosting revenue over its 32-month investment period. The Boston and New York-based shop earned 3x its […]
Nomura Private Equity, the buyout arm of the Asian bank, has acquired Medico-Legal Reporting, a UK business that provide injury claimants with the medical evidence necessary to support their claims, from 3i for an undisclosed amount. 3i acquired the Reading based company in 2001. Nomura plans to merge it with Premier Medical, in which it […]
UK mid-market firm August Equity has made a partial exit of its investment in Planit Holdings through the sale of the company’s retail division Planit Fusion to 20-20 Technologies for £19m. Planit Holdings is a developer of Computer Aided Manufacturing (CAM) software for the woodworking, cabinet-making, engineering and stone industries. It was listed on AIM […]
The Capital Fund, a VC firm focused on Greater London, has sold software company Solcara for £4.5m to ArgentVive, an AIM-listed e-commerce business established in September 2007. Solcara was founded in 2001 and provides information management software for more than 130 blue chip clients including De Beers, VISA and Thomas Cook in the private sector, […]
An unnamed US private equity firm has paid £50m for Gyro International, a UK business-to-business marketing company, which has generated a 2.3x return for the vendors. An MBO led by Octopus Investments in February 2005 alongside Electra Quoted, Beringea and Matrix Private Equity marked the beginning of a period of intense expansion by the company, […]
Dutch private equity firms Gilde Buy Out Partners and AAC Capital Partners, the former ABN AMRO subsidiary, have sold their combined investment in Drie Mollen International, a Netherlands-based coffee company. CapVest Equity Partners has acquired the business for an undisclosed sum.
Sovereign Capital, the London-headquartered private equity firm, has made a 5.5x return on its sale of Alpha Plus Holdings, a group of independent schools, colleges and nurseries, to investment advisor Delancey.
CDC Group, the UK government-backed private equity emerging markets fund of funds investor, has committed almost US$1bn (€675m) to a new emerging markets infrastructure fund to be managed by Actis. CDC is committing capital of US$750m (€507.2m) to the Actis Infrastructure Fund 2 (AI2) and is also ceding infrastructure assets valued at about US$167m (€112.9m) […]