Kirkland advises Hg on GBP455m NAV Financing
Kirkland & Ellis advised Hg on an innovative GBP455 million NAV financing of the portfolio of Hg Saturn, a 2018-vintage fund with GBP1.5 billion in commitments. The financing enables Hg to create liquidity for Hg Saturn without the need to release underlying fund investments and without recourse to Hg Saturn itself. The Kirkland team was […]
LDC exits Magicard to US-based Brady Corporation
Leading mid-market private equity firm LDC has exited its investment in ID card printer and software business Magicard to listed international manufacturer Brady Corporation (BRC). LDC invested in Magicard in May 2016 to support the business’ organic and international growth strategy. During LDC’s partnership with Magicard, the business invested heavily in new product development, releasing […]
Martin Marietta to buy HeidelbergCement’s western U.S. assets for $2.3 bln
Construction materials supplier Martin Marietta Materials Inc said on Monday it will buy HeidelbergCement AG’s assets in California and Arizona for $2.3 billion. The all-cash deal seeks to capitalise on state infrastructure investments and private-sector growth in the two U.S. states. The Raleigh, North Carolina-based company said it entered an agreement with HeidelbergCement’s U.S. affiliate, […]
Global tech provider M&A activity will surpass 2018 highs by 2022, says Gartner
By 2022, the level of global mergers and acquisitions (M&A) activity involving technology providers will surpass previous highs recorded in 2018, according to Gartner, Inc. Acquisitions of tech providers were briefly impacted in 2020 by the onset of the pandemic, but M&A activity quickly rebounded into 2021 as the economy began to recover. Acquisition activity […]
OMERS Private Equity invests in International Schools Partnership
OMERS Private Equity is to acquire a 25 per cent stake in International Schools Partnership (ISP) from Partners Group. OMERS Private Equity invests on behalf of OMERS, a defined benefit pension plan for municipal employees in the Province of Ontario, Canada. The transaction values ISP at an enterprise value of EUR1.9 billion. ISP is a […]
Morgan Stanley Capital Partners completes investment in Nivel Parts & Manufacturing
Investment funds managed by Morgan Stanley Capital Partners (MSCP), a middle-market focused private equity team at Morgan Stanley Investment Management, have completed an investment in Nivel Parts & Manufacturing (Nivel), sold by funds managed by Kelso & Company. MSCP is partnering with the current management team led by Brent Moore, who will remain as CEO. […]
Kirkland advises Tele Columbus on EUR475m capital increase
Kirkland & Ellis has advised Tele Columbus AG on a capital increase of EUR475 million. The capital increase was registered with the commercial register of the Company on 12 May, 2021. On 14 May, 2021, the new shares were admitted to trading on the Frankfurt stock exchange. With the completion of the capital increase, Kublai […]
BlackRock makes equity investment in Grupo Axo
Grupo Axo, a leading Latin American multi-brand retail platform and partner to global fashion brands, has secured an equity investment from funds and accounts managed by BlackRock. Grupo Axo’s investments in its digital channels meaningfully accelerated the growth of the business over the past year despite a downturn in the broader retail sector as a […]
Investec acquires significant minority stake in Capitalmind
Investec Bank (Investec) is to a acquire a significant minority stake in Capitalmind, one of Europe’s leading independent mergers & acquisitions and corporate finance advisory firms. This news follows the establishment of a three-way partnership in 2020 between Investec, Capitalmind and Regions Securities LLC, which extended both firms’ advisory connectivity to the USA. The partnership […]
TA Associates sells Mitratech
TA Associates, a global growth private equity firm, has sold its ownership interest in Mitratech, as part of Mitratech’s sale to Ontario Teachers’ Pension Plan Board at an enterprise value of USD1.55 billion. Mitratech serves more than 40 per cent of the Fortune 250 and over 500,000 users across the globe. Additionally, more than 12,000 […]
