PE Tech Report

Funds

HIG Capital significantly expands credit platform

Private equity investment firm HIG Capital has acquired certain assets of WhiteHorse Capital, a Dallas-based CLO manager with experience managing over USD1.7 billion of capital, and formed HIG WhiteHorse to provide flexible financing solutions to profitable and performing small and middle market companies. With more than USD1 billion of capital

GenNx360 Capital Partners sells of SiVance

GenNx360 Capital Partners has sold SiVance, LLC to Milliken & Company. Financial terms of the transaction have not been disclosed. SiVance, LLC is a leader in silicone chemistry, focused on the development and manufacture of specialty silicone technologies and intermediates required to modify basic silicone polymers. GenNx360 Capital Partners, LP

Synova attracts CHF 20m in growth capital from HPE

Holland Private Equity (HPE) has invested substantial primary capital in Synova SA (Synova) in a capital increase of up to CHF20 million to become the firm’s largest outside shareholder. The expansion capital will allow Synova to further execute its internationalization, sales expansion and fuel further product development of its unique

Two fingers

Dunedin-backed Practice Plan makes two strategic acquisitions

Practice Plan, a leading UK provider of membership plans and other support services to dental practices, backed by UK private equity house Dunedin, has made two transformational acquisitions; Isoplan, a UK dental plan provider, and Medenta, the market leader in dental patient finance. Based in Oswestry, Shropshire, Practice Plan is

Providence Equity Partners completes acquisition of Blackboard Inc

Blackboard has completed its acquisition by an investor group led by affiliates of Providence Equity Partners in an all-cash transaction valued at approximately USD1.64 billion in enterprise value, plus the assumption of approximately USD136 million in debt.   As previously announced, the transaction was approved by Blackboard stockholders at a

Monroe Capital provides USD27.5m to Fabco Automotive Corporation

Monroe Capital has funded a USD27.5 million unitranche facility to support the acquisition of Fabco Automotive Corporation Partners by Wynnchurch Capital, Ltd. Based in Livermore, CA, Fabco is a leading North American supplier of highly engineered, specialty gearbox, axle and transfer case products for all-wheel drive, medium and heavy duty

Velocis Fund announces first fund closing

Velocis Fund has met its first fund closing target. The real estate private equity fund accepted USD36.5 million in capital commitments and an additional USD4.7 million of co-investment equity for a total of USD41.2 million of equity under management. Incorporating maximum leverage of 60 per cent, this first closing will

Document signing

Luxembourg Investment Solutions partners with Butterfield Fulcrum

Independent fund services provider Butterfield Fulcrum, and Luxembourg Investment Solutions SA (LIS), a regulated (UCITS-licensed) management company, have signed a strategic cooperation agreement to provide a complete suite of management company and fund administration services in Luxembourg. This relationship offers non-European fund initiators a quick and cost effective solution to

Private equity-backed buyout deals and exits down in Q3 2011

Some 674 private equity-backed buyouts deals worth an aggregate USD60.6bn were announced in Q3 2011, a 23% decrease in value from the previous quarter’s total of USD78.7bn, according to Preqin’s quarterly deals data. A total of 254 exits valued at an aggregate USD56.2bn were announced in Q3 2011, 54% down

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