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Areva Capital Increase ‘Imminent,’ French Minister Besson Says

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Businessweek reports, “France is close to selling a stake in nuclear-reactor maker Areva SA to Kuwait’s sovereign wealth fund, with the first stage of a capital increase “imminent,” Industry Minister Eric Besson told radio broadcaster Europe 1.  Besson wasn’t able to say whether that means “in a few hours or a few days,” he said in an interview with the broadcaster today. The minister said France will take part in the capital increase, declining to say for how much.

“The first phase of the recapitalization of Areva, you’re right, it’s imminent,” Besson said. “The negotiations are ongoing” and talks with the Kuwait fund “are advancing well.”

French Finance Minister Christine Lagarde said Dec. 1 that the country was in “active” talks with the Kuwait Investment Authority about selling a stake in Areva.

Source: Businessweek

Antares Bain Capital Complete Financing Solution Backs symplr Deal

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On December 10, 2018, Antares Bain Capital Complete Financing Solution provided a senior secured unitranche credit facility for Clearlake Capital Group, L.P. to acquire symplr, a healthcare governance, risk, and compliance software-as-a-service platform from Pamlico Capital and The CapStreet Group. Golub Capital provided financing for the transaction as well.

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PSP Investments Exits Antelliq

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On December 14th, Private equity firm BC Partners, Public Sector Pension Investment Board (PSP Investments), and other minority co-investors have signed a definitive agreement with Merck, known as MSD outside the United States and Canada, to sell Antelliq Corporation, a Vitré, France-based provider of digital animal identification, traceability, and monitoring solutions. Upon close, Antelliq will be a wholly owned and separately operated subsidiary within the Merck Animal Health Division. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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JPMorgan Edges Out Hamilton Lane on Florida SBA In-State Mandate

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The Florida State Board of Administration (SBA) manages a plethora of Florida state funds, including the state’s defined benefit plans. Florida’s SBA awarded a private equity portfolio mandate which targets high-technology businesses in Florida to J.P. Morgan Asset Management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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