Vantage Specialty Chemicals acquired LEUNA-Tenside from BIP Investment Partners and VR Equitypartner.
Leading provider of naturally-derived ingredients acquired LEUNA-Tenside, market leader in niche, specialty surfactant production, from BIP Investment Partners, and VR Equitypartner. Financial terms were not disclosed.
"For us, Vantage's interest in Leuna represents a strong validation of our work to date and a recognition of the tremendous opportunities available for the business which include enhanced access to the international markets, especially to the US market, and numerous cross-selling opportunities. I am excited about working together with Vantage to continue to execute on the growth and expansion plans for this site, which is a very positive signal for our colleagues working here." Dr. Steve Doring, LEUNA-Tenside Managing Director.
Restaurant Group's shareholders question acquisition of Wagamama.
Shareholders are divided on the Restaurant Group’s proposed takeover of rival chain Wagamama. Investors are worried about the level of debt taken on by private equity-owned restaurant chain Wagamama.
Columbia Threadneedle Investments, which owns 7.7% of Restaurant Group, said it cannot support the proposal because of the high valuation and the economic backdrop.
If the transaction did not proceed, Restaurant Group would be liable to pay a break fee of £6m ($8m) to Wagamama’s current owners.
Wagamama is being advised by Goldman Sachs. The Restaurant Group is being advised by JP Morgan, Numis Securities, RBC Capital Markets, and MHP Communications.
EmergeVest consolidated its logistics businesses to create EV Cargo.
Private equity investor consolidated ownership of six of the UK’s leading logistics companies to create EV Cargo, one of the UK’s largest providers of transport, logistics and freight forwarding services and logistics technology, and a global supply chain company operating in more than 120 countries.
With £850m ($1.1bn) of revenue annually, EV Cargo is now the largest privately-owned logistics business in the UK.
“EV Cargo will continue our existing strategy of delivering mission-critical supply chain services powered by people, technology, innovation and sustainability. By working closer together and creating additional capabilities, we will provide new and existing customers with access to a wider range of leading-edge integrated solutions.” Heath Zarin, EmergeVest Founder and CEO.
Sagi’s Brickington Trading has offloaded about 15.2 million shares, equivalent to 4.8 percent of Playtech, gambling software company. The stock that the Israeli entrepreneur sold is worth approximately $87.2m at the current market price of about $4.50 a share.
It also comes after both Playtech and Sagi faced pressure from U.S. activist investor SpringOwl Asset Management. “I don’t have a sense that the future of this company includes Teddy Sagi.” Jason Ader, SpringOwl’s Founder.
