Richard Lukaj’s Post

Digital infra focused #privateequity shop SDC Capital Partners wants to extend its hold, and generate liquidity, from its investment in dark fiber networking company SummitIG. SDC, formed in 2017, worked with Lazard on the process. SDC focuses investments in data centers, network/fiber, wireless infrastructure and management IT/cloud services. Inventory on the GP-led side of secondaries is high, though the completion rate for such deals hovers around 50%. Deals that find their way to completion are generally those involving strong-performing assets run by quality franchises, according to sources. Read more here on Buyouts: https://lnkd.in/eKbWsf4X

Cordiant Digital Infrastructure Ltd (LSE:CORD) has been upgraded to a 'buy' at Jefferies, which sees syndication of its stakes in CRA and Emitel as having clear benefits in terms of portfolio diversification and current values. “Optically cheap valuation multiples, coupled with a heavy 46% share price discount to NAV, also provide investors with an attractive margin of safety, and so we upgrade,” says the US bank. Cordiant recently completed the acquisition of Speed Fibre Group (SFG) for an equity consideration of €97.2 million, since when it also announced the acquisition of Norkring België - an owner of communication and broadcast towers in Belgium - for an EV of €5.25 million. “While CORD could make further acquisitions, depending on their size and structure, the next step may be to instead syndicate stakes in existing portfolio companies, specifically CRA and Emitel," according to Jefferies. More at #Proactive #ProactiveInvestors #LSE #CORD http://ow.ly/9f5e1050m78

How many of these M&A's have a #CyberRisk assessment? How many of those assessment will conduct a review of #PrivilegedAccessManagement? Products such as DNA by CyberArk (https://lnkd.in/eX658svn) and Silverfort (https://lnkd.in/gsyQJhBt) have different approaches that can and should be part of the M&S strategy. As #AltNets get bought up, then the purchaser will rise through the tiers in terms of their #TelecomsSecurityAct journey and the risks from existing undisclosed weaknesses become a higher impact. If you think you need guidance with this, then please do reach out as we have both cyber and technical consultants who have first hand experience addressing these risks. Reach out for a 30 min discussion today at https://lnkd.in/egBzn4Wb #BeyondCyber #GovernanceMatters

Having worked in #AltNets which have been part of an M&A I can attest that a #CyberRisk assessment is a crucial step. The amount of mergers within the industry are a real challenge, and often the assessments are just being conducted by #CyberSecurity consultants who don't have the ability or the tooling to provide a true view of the risk. Much better to work with people who know the challenge. #BeyondCyber #GovernanceMatters

Attacq Limited has disposed of its remaining stake in MAS PLC for approximately R773 million.   The REIT has published its interim results for the six months ended December 2023, reporting an increase in its distributable income growth per share to 36.9 cents (December 2022: 35.9 cents) and an interim dividend of 30 cents per share, equating to a payout ratio of 81.1%: https://bit.ly/3TzCo7z #attacq #realestatenews #reit #listedcompanies #commercialrealestate #realestateinvestment #propertydevelopment #propertyowners #assetmanagement #landlords #propertynews #businessnews #shareholders #investorrelations

Celebrating a Decade of SmartCap: 10 Years of Innovation & 15 Years of Excellence in Real Estate! We are thrilled to share a momentous milestone with you all as, SmartCap, our esteemed private equity real estate company, is marking a decade of transformative success! SmartCap focuses on anticipating market trends, strategically acquiring or developing properties that lead the market. Today, as we celebrate our 10-year anniversary, we are also also reflecting on our broader journey of excellence in the commercial real estate sector. It all began with our very first deal on January 1, 2010, a pivotal moment that ignited our passion for reshaping communities, reshaping landscapes, and providing high ROI’s to our investors. For the past decade, SmartCap has been at the forefront of innovation, consistently delivering projects that redefine industry standards and exceed expectations. With over $460 million in total transactions, and nearly $500MM in current assets under management, our track record speaks volumes. Our commitment to excellence is further exemplified by our portfolio's impressive 23% IRR paid to investors, net of fees and expenses over the last decade. At SmartCap, we put investors first by offering industrial-strength values in both office and warehouse investments. We prioritize not just profits, but enduring partnerships built on trust and transparency. As we commemorate this milestone, we extend our deepest gratitude to our investors, partners, and dedicated team members who have been instrumental in our journey. Your trust, support, and shared vision have propelled us forward and enabled us to make a meaningful impact in the world of commercial acquisitions and development. Join us in celebrating 10 years of SmartCap, alongside 15 years of pioneering excellence in the industry. Here's to the achievements of the past and the exciting opportunities that lie ahead! #SmartCap #CommercialDevelopment #IndustrialDevelopment #OfficeInvestments #WarehouseInvestments #10YearAnniversary #15YearsOfExcellence #RealEstate #Innovation #Milestone #BuildingTheFuture

💼 Times Internet Sells ET Money to 360 One WAM in $44 Million Deal. Times Internet has finalized the sale of its financial services platform ET Money to 360 One Wealth Asset Management (WAM) for $44 million, marking a significant transaction in the fintech sector. 💰 Deal Details: - Times Internet has sold ET Money, a popular financial services platform, to 360 One WAM for $44 million. - The transaction underscores Times Internet's strategic decision to divest from the financial services segment and focus on its core digital businesses. 🚀 Strategic Move: - The acquisition by 360 One WAM aims to enhance its portfolio and expand its footprint in the financial technology space. - ET Money's integration into 360 One WAM will provide the platform with additional resources and expertise to accelerate its growth and innovation. 📊 Market Impact: - ET Money, known for its user-friendly financial tools and investment solutions, will benefit from 360 One WAM's robust infrastructure and market presence. - The deal is poised to create synergies that enhance ET Money's offerings and expand its user base. 🔍 Strategic Importance: - The acquisition highlights 360 One WAM's commitment to strengthening its digital capabilities and diversifying its financial services portfolio. - ET Money's well-established brand and user-centric platform align with 360 One WAM's strategic objectives of delivering comprehensive wealth management solutions. 📈 Future Outlook: - With the support of 360 One WAM, ET Money is expected to scale its operations, introduce new features, and enhance customer experience. - The deal positions both companies to capitalize on the growing demand for digital financial services and investment tools. Times Internet's sale of ET Money to 360 One WAM for $44 million marks a strategic realignment for both companies, aiming to leverage each other's strengths and drive growth in the fintech landscape. #ETMoney #TimesInternet #360OneWAM #Fintech #Acquisition #FinancialServices #Investment #StartUpNews #BusinessNews #MicroShots #NewsUpdates

Private equity news for the day!!! Perwyn partially exits from Everflow - Deal Results in c. 2.5x Return for Perwyn Perwyn, a private equity firm, has sold part of its stake in Everflow, a UK-based utility provider, for 2.5 times its original investment. The deal is part of a wider management buyout by Everflow's existing management team. Perwyn first invested in Everflow in 2018, shortly after the UK water market was deregulated. Since then, Everflow has grown rapidly to become a market leader, serving over 60,000 customers. Perwyn will continue to supporty Everflow as it expands into new utility sectors, such as telecoms. The company is also planning to explore new verticals, such as waste management. Ravi Sharma, Partner at Perwyn and Board member of Everflow, commented: “We have been tremendously impressed with Everflow’s performance. Their journey began in 2017 when the UK water market deregulated, and it has been truly satisfying to witness its remarkable growth, now serving over 60,000 customers. The Government’s deregulation initiative fostered increased competition, allowing Everflow to identify and seize opportunities using its technology focussed approached, ultimately benefitting water users. They have emerged as market leaders, capturing 26% of customer switches since deregulation. Josh and his team have done a phenomenal job.” Josh Gill, Founder and CEO of Everflow, added: “We are grateful to Perwyn for their enduring support of Everflow and are very pleased that they will remain shareholders. Ravi and his team have played an invaluable role in our growth journey to date and their support and advice will remain key as we look to substantially scale the business into different utility verticals. We have learnt how to maximise advantages in UK utilities markets following the end of monopoly models for those basic services and our future plans include targeting the telecoms and wider utilities.” Perwyn was advised by WilliamsAli Corporate Finance (Phil Williams and Abu Ali), Muckle LLP (Matthew Walsh), and Hill Dickinson LLP (David Mkhitarian). #PrivateEquity #Investment #Exit #UtilityProvider #Technology #Growth #ManagementBuyout #UnitedKingdom

Better’s proposal to combine with Aurora Acquisition Corp. via a SPAC (special purpose acquisition) has been approved by shareholders, the company confirmed today. According to a U.S. Securities and Exchange Commission (SEC) filing, Better.com will combine with Aurora, or go public, “on or about August 22, 2023.”  “At least 65% of the outstanding ordinary shares of the company entitled to vote at this meeting have voted in favor of (the) proposal,” Arnaud Massenet, CEO of Aurora Acquisition Corp, said in a shareholder’s meeting on Friday, as reported by HousingWire. Upon the closing of the transaction, the combined entity will see an infusion of at least $550 million in new capital from SoftBank, according to Aurora’s filing with the SEC in July. It could also receive another $200 million. If Novator, an investment firm that sponsors Aurora, exercises its $100 million option, then SoftBank is required to match. In late November 2021, we reported that Aurora Acquisition Corp. and SoftBank decided to amend the terms of their financing agreement to immediately provide Better with half of the $1.5 billion they had committed instead of waiting until the deal closed. ‣ Source: https://lnkd.in/eMrg8KW5 ‣ Join 50k other FinTech Fanatics and sign up for my daily FinTech Newsletter here: https://lnkd.in/eVNvGnDW #fintech #fintechnews #fintechindustry #fintechinnovation #financialsolutions #financialservices

Hints of Large UK Broadband Merger Between Netomnia and Brsk 📌 Industry sources have suggested to ISPreview that two leading alternative network operators, #Netomnia (YouFibre) and #Brsk, both of which have extensively deployed #FTTP broadband infrastructure across UK 🇬🇧 homes and businesses, may be on the verge of merging their networks in the near future. 🤩🔥 Read more on: https://lnkd.in/eAU8x7ZQ