FORWARD FEATURES CALENDAR

Intel

Rainier Partners adds United Carpet to portfolio

Rainier Partners and its portfolio company, SCI Flooring have added United Carpet to the firm’s flooring platform. United Carpet is a full-service floor covering provider serving customers in the multi-family, commercial, and residential markets.

AXA IM Prime appoints Head of Private Equity Secondaries

AXA Investment Managers (AXA IM) has appointed Matthieu Ducharme as Head of Private Equity Secondaries at AXA IM Prime, the Private Markets Enabler and Hedge Funds platform of AXA IM. Based in London, he starts with immediate effect and reports to Peter Ischebeck, Head of Private Equity at AXA IM

Ardian, Saudi PIF to acquire 25% stake in Heathrow

Ardian has entered into an agreement to acquire a 15% stake in FGP TopCo, the holding company of Heathrow Airport Holdings Ltd, from Ferrovial S.A. Under the terms of the agreement, infrastructure funds managed and advised by Ardian will acquire 15% while Saudi Arabia’s Public Investment Fund will acquire 10%

Luxembourg private debt market expands by 51%

According to the annual KPMG Private Debt fund survey commissioned by the Association of Luxembourg Fund Industry (ALFI), the country’s private debt market expanded by 51% in 2023, with Assets under management rising to €404.4bn, compounding last year’s AuM growth of 45.4%.

Star Mountain closes $1.2bn direct lending fund

Star Mountain Capital, LLC (Star Mountain), a private credit and secondaries specialist investment firm with approximately $3.75bn in assets under management, has closed its Value-Added Direct Lending Fund IV above its $750m LP capital target at approximately $1.2bn.

Blackstone to acquire Rover in $2.3bn deal

Blackstone is set to acquire Rover Group, Inc, the world’s largest online marketplace for pet care, in an all-cash transaction valued at approximately $2.3bn.

Pictet acquires controlling interest in Pareto

Pictet Alternative Advisors, the alternative investment business of Pictet Group, has announced its first investment through its new direct private equity team, acquiring a controlling interest in facilities manager Pareto FM.

ECI Partners invests in SaaS business

ECI Partners, a growth-focused mid-market private equity firm, has invested in ISMS.online, a SaaS Information Security Management System. The deal provides a full realisation for Cow Corner, an investor focussed on UK services and software businesses, following a successful four-year investment partnership.

Norway’s $1.5tn sovereign fund set to invest in private equity

Norway’s sovereign wealth fund, valued as the world’s largest at $1.5tn is likely to invest in private equity as an asset class, according to a report by the Business Times. The fund invests Norway’s surplus oil and gas revenue abroad, and is the world’s biggest single stock market investor, owning

Paul Weiss adds IP and Technology Transactions partner

Paul, Weiss, Rifkind, Wharton & Garrison LLP has announced that John Patten, a specialist in intellectual property and technology transactions, will be joining the firm in the Corporate Department, resident in London.

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