Car rental company Avis Budget Group has agreed to purchase France Cars, a privately-held vehicle rental company based in France, to significantly expand its presence in the French market. Terms of the transaction have not been disclosed. The purchase will give Avis Budget Group the second-largest light commercial vehicle fleet in
Tikehau IM has held the close of its Tikehau Direct Lending III (TDL III) fund at EUR610 million. Tikehau IM’s total asset under management in private debt amount to EUR3.3 billion. Over 40 per cent of the fund is already invested through 15 portfolio companies based in France, Spain
Transportation platform oTMS has raised USD25 million in a Series B funding round led by Chen Weixing, the founder of Kuaidi Dache. Previous investors Baidu, Chengwei capital and Matrix Partners China also participated in the round. China Renaissance was the exclusive financial advisor of the deal. The funding
London-based commercial lender Ortus Secured Finance has closed a second funding round for its new fund, increasing its firepower by GBP20 million from investors and bringing total lending capacity for the fund to GBP60 million. The fund, which was originally launched in February 2016, lends to businesses across the UK,
Modern Energy Management (MEM), a specialist in delivering project lifecycle certainty to renewable energy developers, financiers and investors, has been engaged to work on behalf of CapAsia’s Islamic Infrastructure Fund (IIF) at two early wind farms in Pakistan. Under the terms of the contract, MEM, led by founding partner Lars
Smart Communications, a specialist in enterprise customer and business communications, has completed its spinoff from Thunderhead and launched as an independent company led by its existing management team and backed by tech-focused private equity firm Accel-KKR. As an independent company, Smart Communications will continue to define and lead the next
Growth private equity firm TA Associates is to back a management buyout (MBO) of Goldman Sachs Asset Management’s (GSAM) Australian-focused investment capabilities and fund platform. Financial terms of the transaction, which is expected to close by year-end, have not been disclosed. The company will rebrand accordingly. Since the appointment
Over three quarters (79 per cent) of venture capital trusts (VCTs) have a fund manager who has been in position for 10 years or more, according to research by the Association of Investment Companies (AIC). The AIC says this is an impressive figure given that VCTs were only introduced 21
Arma Partners has acted as exclusive financial adviser on the sale of Attenda, a portfolio company of Darwin Private Equity, to Ensono, a portfolio company of Charlesbank Capital Partners and M/C Partners. Attenda is a UK provider of hybrid IT managed services, specialising in running business critical applications. The
Alternative fund platform Kuber Ventures has warned financial advisors that the EIS market will face significant capacity constraints in 2017. The firm writes that this will result in missed investment opportunities if investors do not bring forward their due diligence process. Kuber Ventures has identified that recent changes in legislation,
12 November, 2026 – 5:00 pm
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