Investor group buys LP stakes in Palamon funds, commits new capital

Adams Street Partners, Goldman Sachs, Morgan Stanley, PGGM and the Rothschild Merchant Banking Group bought LP stakes in Palamon European Equity Funds I and II as part of a tender offer process. The investor group also committed new capital into a vehicle that will invest alongside Palamon Auxiliary Partnership 2013. Credit Suisse ran the process. The two newer vehicles have committed to the purchase of Currencies Direct in partnership with Corsair Capital.

Mutafchieva joins Palamon Capital Partners

Palamon Capital Partners said Monday it named Mina Mutafchieva an Associate Principal. Mutafchieva was previously with McKinsey & Company where she was an Engagement Manager in the firm’s Antwerp office.

Rahmatollahi joined Palamon Capital

Palamon Capital Partners said Monday it named Ali (Alexandre) Rahmatollahi as Associate Partner and Christian Beck as a member of the Firm’s Board of Advisors. Rahmatollahi joins Palamon from Morgan Stanley where he was most recently as an Executive Director with responsibility for Financial Sponsor coverage. Beck has been CEO of several growth businesses including Banqsoft ASA, Sakhalin Petroleum and Small Shops Gruppen, a Warburg Pincus portfolio company.

Palamon makes appointments

Palamon Capital Partners has appointed Philippe Arbour as managing director of structured finance and Antony Barker as director of investor relations and marketing. Arbour joins Palamon having spent ten years with Lloyds Banking Group, where he worked in a variety of roles spanning trade finance, specialist credit and leveraged finance. Most recently, he was a director in the leveraged finance and high yield team.

Palamon raises fund as confidence in Europe picks up – Reuters

Private equity firm Palamon Capital Partners said its latest equity fund had attracted 210 million euros ($284 million) worth of investments in a sign of growing confidence in Europe’s economic recovery, writes Reuters. The London-based company’s Palamon Auxiliary Partnership 2013 plans to invest the money within two years, the firm said in a statement.

Palamon and Sirius Acquire Feelunique.com

Palamon Capital Partners has led a transaction to acquire a majority interest in beauty e-commerce specialist feelunique.com. The transaction was agreed at an enterprise value of 26 million pounds ($41.7 million).

Palamon Celebrates Cambridge Education Refinancing

Private equity firm Palamon Capital Partners has completed the refinancing of its English language school group Cambridge Education, writes Reuters. Palamon Capital Partners’s deal with Royal Bank of Scotland for a new 23 million-pound ($37 million) debt package will see it recoup 1.5 times the equity it has invested in the business, and leaves finances […]

Palamon Appoints to Board

European mid-market private equity firm Palamon Capital Partners, has appointed Dr Hans-Joachim Körber to its board of advisors. Körber was formerly president and CEO of global retailer METRO AG and is currently on a number of international boards, including the boards of Air Berlin and Esprit Holdings Limited on which he is chairman. PRESS RELEASE […]

Bids Due Next Week for UK’s The College of Law

A number of firms will reportedly bid next week for one of the UK’s largest law schools, The College of Law, Reuters reported Friday. Buyers linked to the deal include education company Pearson, KKR-owned Laureate International Universities and buyout house Providence Equity Partners, as well as Palamon Capital Partners and a joint bid from Exponent Private Equity and Sovereign Capital, Reuters wrote.

Carreras Comes Back To Palamon

Julian Carreras has returned to European mid-market private equity firm Palamon Capital Partners as principal. The appointment marks the return to Palamon by Carreras, a Spanish national, who was a member of the firm between 2003 and 2006. He initially joined Palamon from Goldman Sachs and prior to that worked for McKinsey & Co. Between 2006 and 2011, he held positions with Cinven in London and Thesan Capital in Madrid.

Värde Partners Enables SAV Exit

Global fund manager Värde Partners has agreed to acquire SAV Credit Limited, a UK-based specialist credit card provider, from majority shareholders Palamon Capital Partners, Electra Private Equity and Morgan Stanley Alternative Investment Partners in a deal worth £472 million. Palamon, Electra, and Morgan Stanley have supported the development of SAV from a start-up in 2002. Värde Partners first partnered with SAV Credit in March 2010 and is acquiring the business as part of its strategic growth plans.

Carlyle To Buy Integrated Dental

The Carlyle Group has agreed to buy Integrated Dental Holdings from Bank of America Merrill Lynch Capital Partners. Carlyle, in partnership with Palamon Capital Partners, plans to merge Integrated Dental with Associated Dental Practices. Carlyle will own a majority while Palamon, a UK buyout shop, will share joint governance, a statement said. Financial information wasn’t disclosed but Bank of America Merrill Lynch Capital Partners is selling all of its stake. BAMLCP is the PE arm of Bank of America.

Miranda Technologies Buys OmniBus Systems From Palamon Capital For C$48.7M ($47M)

(Reuters) – Canada’s Miranda Technologies Inc (MT.TO) said it acquired UK-based OmniBus Systems for C$48.7 million ($47 million) from private equity firm Palamon Capital Partners, to expand into the television and Internet broadcasting software segment. The Montreal, Quebec-based broadcast equipment maker expects the deal to add to earnings in the first full year of operation, […]

Palamon Capital Sells German Theme Park

Palamon Capital Partners has sold theme park Mobie Park Germany to Spanish entertainment operator Parques Reunidos. No financial terms were disclosed. Palamon acquired Mobie Park Germany in 2004, as one of six theme parks bought from Six Flags. It sold the other six in 2006.

Nordax Finans Switches PE Sponsors

Vision Capital has acquired a majority stake in Nordax Finans AB from Palamon Capital Partners. The deal valued Nordax Finans at approximately €105 million. The Stockholm-based company provides unsecured loans to individuals with “good credit standing” across the Nordic region.

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