Ardian and AENA have completed the acquisition of the London Luton Airport concession from TBI, itself a joint venture 90% owned by Abertis Infraestructuras S.A, and 10% by AENA. The LLA concession, granted by Luton Borough Council, continues until 2031.
4 min read · 28 November 2013
VTB Capital has sold its stake in Luxoft Holding in a secondary public offering on the New York Stock Exchange. The offering was more than 3 times oversubscribed and attracted high quality institutional demand from US and European investors.
3 min read · 28 November 2013
Happy Thanksgiving to those of you reading today... there's still a bit of news out there to be circulated including Shore Capital's fundraising plans, KKR backing Indian drugmaker Gland Pharma and UTIMCO's big buyout climber.
1 min read · 28 November 2013
Wingate Partners’ 2007 vintage scores the biggest leap in IRR for University of Texas Investment Management Co, according to a comparison of performance data for the periods August 2012 to August 2013. The data compares some 178 buyout-related vehicles with vintages ranging from 1996 to 2011.
2 min read · 27 November 2013
A group of Gulf investors led by Fajr Capital are in talks to buy Dubai-based oil services firm NPS Energy for up to $700 million, writes Reuters. NPS Energy put itself up for sale again after a deal to be bought by Norway's Aker Solutions fell apart last year.
2 min read · 27 November 2013
Bioaxial has secured $2.7 million in new funding to finance the commercialization of its first range of super-resolved fluorescence microscopy instruments. Investors include Amorcage Technologique Investissement (a fund managed by CEA Investissement), Inserm Transfert Initiative and Viveris Management plus a range of individual investors.
4 min read · 27 November 2013
Alliance Automotive Group, with the support of its shareholder Weinberg Capital Partners, has issued a private bond. The financing was arranged by Goldman Sachs and was syndicated to a small group of institutional investors. The seven-year bond with bullet repayment, provides the group with the financial flexibility to continue its long-term investment strategy and in particular enables it to apply its free cash flow to fund external growth.
2 min read · 27 November 2013
Sidley Austin has appointed Ram Burshtine to the firm’s New York office as a partner in the global finance practice. Burshtine brings experience in representing financial institutions, private equity sponsors and corporate borrowers in a wide range of domestic and cross-border financing transactions.
2 min read · 27 November 2013
Brand Energy & Infrastructure Services, Clayton, Dubilier & Rice and Harsco Corporation have merged Harsco’s infrastructure business with Brand. CD&R funds will hold a majority position in the new company, which will operate under the Brand Energy & Infrastructure Services name and generate approximately $3 billion in pro forma revenues.
4 min read · 27 November 2013
DevaCurl, a hair care brand dedicated to curly hair along with its affiliated Devachan salons, has partnered with Tengram Capital Partners. TCP is a Connecticut-based private equity firm that focuses exclusively on middle-market consumer and retail companies.
4 min read · 27 November 2013
