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Samsonite International’s high valuation has put off several private equity firms including, Carlyle Group and KKR & Co, considering a buyout of the luggage manufacturer, opening up the possibility for a dual listing of the company, according to a report by Bloomberg. 
Hazeltree, an active treasury and intelligent operations technology provider for the alternative asset industry, has appointed Paul Gallant as Chief Product Officer. He will be based in New York, reporting to Hazeltree’s CEO Stephanie Miller.   
Money lending
The Riverside Company, a US private equity firm focused on making control and non-control investments in growing businesses valued at up to $400m, is considering strategy options for direct lending arm Riverside Credit Solutions, including a sale of the business, according to a report by Bloomberg.
Wynnchurch Capital has acquired Handgards, a distributor of foodservice products, including disposable gloves, reclosable bags, tabletop items, expendables, and other carryout products from Wind Point Partners in partnership with management.
The rapid expansion of private credit is creating a supply/demand imbalance that is again pressuring spreads and underwriting terms, according to Fitch Ratings analysts and external panelists at the rating agency’s recent private credit forum held in Chicago.
Magnesium Capital, a private investment firm focused on energy transition buyouts, has held the final close of its inaugural Fund, Magnesium Capital I, at its hard cap of €135m, exceeding the vehicle’s original €100m target.
Global equity manager ClearBridge Investments wants healthcare IT firm Model N to reconsider the planned acquisition of the business by Vista Equity Partners, according to a report by Reuters.
Prosek Partners, an independent marketing and communications agency for financial and professional services, has opened a new office in Abu Dhabi, which will be headed up by newly appointed Managing Director and Head of MENA Diana Estupinan.
Park Place Technologies has secured a roughly $2bn financing package from a group of private lenders led by Blackstone, which will be used to refinance its existing debt and provide a payout to the company’s private equity owners GTCR and Charlesbank Capital Partners, according to a report by Bloomberg.
Gen II Fund Services, an independent private capital fund administrator, has increased its AUA to more than $1tn with the acquisition of Crestbridge, a European provider of private capital fund administration services.

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