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Deals and Transactions

deals and transactions
Jersey flag

Ogier advises on EUR2.5 billion ICG Europe Fund VI

Fri, 17/04/2015 - 18:00

Ogier Jersey has acted as Jersey legal adviser for Intermediate Capital Group on the establishment of its tenth Jersey fund, ICG Europe Fund VI, which has held its first close having raised EUR2.5 billion to date.  »

hand shake

Intralinks partners with Kira Diligence Engine

Fri, 17/04/2015 - 14:30

Intralinks Holdings, a provider of secure enterprise content collaboration solutions, has partnered with Kira Inc, provider of the Kira Diligence Engine.  »

Melissa Ma

Asia Alternatives closes AACP IV at USD1.8 billion

Wed, 15/04/2015 - 21:00

Private equity fund of funds Asia Alternatives has held the final close of over USD1.8 billion in new commitments for Asia Alternatives Capital Partners IV (AACP IV) and its related fund vehicles (Fund IV).  »

Jim duffy

Entrepreneurial Spark warns start-ups against danger of ignoring disruptive technologies

Wed, 15/04/2015 - 16:30

Technology is now developing so fast that it is creating disruption across all sectors of the economy and businesses which fail to keep up with the latest developments face being wiped out by smarter rivals. »

hand shake

Norwest Equity Partners and Norwest Mezzanine Partners raise USD2.4bn in capital

Wed, 15/04/2015 - 14:30

Norwest Equity Partners (NEP) has formed Norwest Equity Partners X (NEP X), a USD1.6 billion limited partnership focused on growth investments, and Norwest Mezzanine Partners IV, (NMP IV), an USD800 million limited partnership from NEP's affiliated mezzanine investment firm, Norwest Mezzanine Partners (NMP), which will invest flexible junior capital in support of private equity-sponsored transactions. »

document and pen

Prosper Marketplace secures USD165 million Series D financing led by Credit Suisse NEXT Investors

Thu, 09/04/2015 - 21:30

Prosper Marketplace has secured a USD165 million Series D financing, led by Credit Suisse NEXT Investors, part of Credit Suisse Asset Management.  »

Euros

Natixis completes France’s first AIFMD leverage constraint-compliant equity bridge financing  

Thu, 09/04/2015 - 19:30

Natixis has arranged a EUR350 million equity bridge financing transaction for funds managed by Antin Infrastructure Partners – the first transaction that is AIFMD compliant, in terms of leverage constraints. »

investment

BerchWood Partners and JTC Capital form JV

Thu, 09/04/2015 - 12:00

Private equity placement agent BerchWood Partners has formed a joint venture with JTP Capital, an investment advisory firm which provides capital advisory solutions for a small number of well selected real estate investment platforms.  »

closed sign

Spire Capital raises USD333m for third PE fund

Wed, 08/04/2015 - 13:00

Spire Capital Partners has held the final closing of Spire Capital Partners III, a private equity fund with approximately USD333 million in capital commitments.  »

money stack

Nabriva secures USD120m in Series B financing

Tue, 07/04/2015 - 19:30

Nabriva Therapeutics has completed a USD120 million Series B financing led by new US based investors Vivo Capital and OrbiMed, and including participation from EcoR1 Capital, Boxer Capital of Tavistock Life Sciences and new investment from existing investor HBM.  »

French flag

Edmond de Rothschild Investment Partners teams up with ACE Group

Tue, 07/04/2015 - 18:30

Edmond de Rothschild Investment Partners has teamed up with ACE Group the third-largest mortgage broker in France. The Small Caps fund managed by Edmond de Rothschild Investment Partners is investing in ACE alongside the founder/CEO and his senior executives. »

Exit sign

Actis partially exits Edita Food Industries

Tue, 07/04/2015 - 06:00

Private equity investor Actis, has partially exited from its investment in Edita Food Industries (Edita), an independent snack food business in North Africa.  »

money bag

Victory Park Capital secures USD51m credit facility from GE Capital

Mon, 06/04/2015 - 17:00

Victory Park Capital (VPC) has secured a USD51 million credit facility from GE Capital, Franchise Finance and Citizen’s Bank to refinance existing VPC debt and fund long-term growth initiatives of Giordano’s pizza restaurant chain based in Chicago.  »

gym

NorthEdge Capital backs Total Fitness

Wed, 01/04/2015 - 19:00

Private equity firm NorthEdge Capital has backed the management buyout of Total Fitness, a Wilmslow-based health and fitness business. »

completed stamp

Black Mountain Systems acquired by Stone Point Capital

Wed, 01/04/2015 - 13:30

Black Mountain Systems, a developer of data and process management solutions for asset managers and financial institutions, has completed a majority recapitalisation, led by existing management and funds managed by Stone Point Capital. »

closed sign

Kinetics Energy Services secures equity financing from Natural Gas Partners

Wed, 01/04/2015 - 10:30

Kinetics Energy Services has closed a private equity financing with Natural Gas Partners, through its affiliate, NGP Natural Resources XI (NGP). »

data

Permira selects iLEVEL for portfolio monitoring

Tue, 31/03/2015 - 17:15

Private equity firm Permira has selected iLEVEL to manage its portfolio data. »

closed sign

GlassesUSA.com raises USD12.5m growth round led by Viola Private Equity

Tue, 31/03/2015 - 12:00

GlassesUSA, the online retailer specialising in prescription eyewear, announced the closing of USD12.5 million in new financing led by Viola Private Equity, a member of the Viola Group.  »

Italy flag

Intesa Sanpaolo and GSO Capital Partners launch joint Italian direct lending initiative

Tue, 31/03/2015 - 11:30

Intesa Sanpaolo and GSO Capital Partners, the credit investment arm of Blackstone, are partnering  to provide an alternative source of funding to Italian middle market businesses.  »

North Carolina

Novan secures USD50m private financing

Mon, 30/03/2015 - 19:00

Novan Therapeutics has secured USD50 million in an oversubscribed private financing led by new investor Malin Corporation with strong participation from Novan’s existing private investors throughout the Research Triangle area of North Carolina.  »

document signing

Claranet refinancing strengthens financier line-up for future growth

Mon, 30/03/2015 - 18:30

Claranet, the European managed services provider, has signed a refinancing agreement, securing a long-term facility for the company.  »

shares

Aberdeen to buy remaining shares in Aberdeen-SVG JV

Mon, 30/03/2015 - 07:00

Aberdeen Asset Management is to purchase SVG Capital plc’s stake in their joint venture vehicle, Aberdeen SVG Private Equity Managers Limited (Aberdeen SVG Private Equity) for GBP29 million. »

airplane

JacTravel acquires TotalStay Group

Fri, 27/03/2015 - 21:00

The Consumer sector team at Livingstone has advised JacTravel, a leading B2B hotel accommodation wholesaler and provider of inbound travel services, on the acquisition of TotalStay Group.  »

four fingers

Capitala Group closes USD125m CapitalSouth Growth Fund

Fri, 27/03/2015 - 11:00

Capitala Group, a leading provider of financial solutions for lower and traditional middle-market companies, is pleased to announce the final closing of its fourth private equity fund, CapitalSouth SBIC Fund IV. »

closed sign

Amplience closes USD10.5m in series B funding

Fri, 27/03/2015 - 10:00

Amplience has closed of a USD10.5 million Series B funding round led by Octopus Investments, with participation from existing stakeholders and investors including Northstar Ventures and Silicon Valley Bank. »

hand shake

Wheelhouse expands into PE investing

Wed, 25/03/2015 - 15:00

Wheelhouse has expanded into private equity investing through the newly formed Wheelhouse Capital Partners, which is backed by Global Endowment Management (GEM). »

closed signs

Falcon Social raises USD16m in B-Round financing from Prime Ventures, Northcap and Target Partners

Wed, 25/03/2015 - 14:30

Social media management platform Falcon Social has closed a fund raising round of USD16 million.  »

document signing

BlueMountain Capital Management enters consulting agreement with former Fed governor Stein

Wed, 25/03/2015 - 13:30

BlueMountain Capital Management has entered into a consulting agreement with Harvard economics professor Jeremy C Stein, who was a member of the Board of Governors of the Federal Reserve System from May 2012 to May 2014.   »

completed stamp

Victory Park Capital serves as investment manager for a USD300m IPO of VPC Specialty Lending Investments

Wed, 25/03/2015 - 11:45

Victory Park Capital Advisors (Victory Park Capital) has been retained by newly formed, UK investment company VPC Speciality Lending (VPC) to serve as investment manager.  »

two fingers

PSAM submits two resolutions to Vivendi Management Board

Tue, 24/03/2015 - 14:45

P Schoenfeld Asset Management (PSAM) has submitted two resolutions on behalf of select clients who own 7,500,000 shares of Vivendi , to the company’s Management Board for inclusion on the agenda of the Company's Combined General Meeting to be held on 17 April, 2015.   »

features
Special report
Hedgeweek Special Report: The Bahamas – How it continues to evolve its funds industry

The Bahamas is taking steps to raise its profile as an attractive funds centre, continuing to build out the popular SMART Fund model template to provide a range of solutions for investment managers, plus its new ICON structure designed to appeal specifically to Brazilian investment managers and advisers.... »

Special report
How to Access Europe using third party AIFMs

Read how managers seeking to distribute in Europe can appoint a third party AIFM (or ManCo), and the fund distribution benefits this can bring, both for new fund launches and redomiciled funds... »

Article

Fund managers and investors are in a tug-of-war over the issue of transparency. Once content with a performance update, basic valuation and general market commentary, Limited Partners (LPs) are now digging deeper, asking more questions and requiring more information from General Partners (GPs) than ever before. ... »

Comment
Richard Hoey, BNY Mellon

Global gross domestic product (GDP) growth should accelerate somewhat in 2015 and 2016 from the pace of the last three years because of much lower oil prices, the avoidance of special drags on the world economy, and continuing easy monetary policies from global central banks, according to  BNY Mellon Chief Economist Richard Hoey. Hoey (pictured) made the comments in his February outlook.  ... »

Article
Christiopher Elvin, Preqin

55% of private equity firms surveyed by Preqin at the end of 2014 stated they would deploy greater levels of capital in 2015, although 39% suggested it is more difficult to find attractive investments. Preqin’s Christopher Elvin comments: ... »

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