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Intelligence

Argonaut Private Equity holds first close of Argonaut Private Equity IV

Argonaut Private Equity, a Tulsa, Oklahoma-based private equity fund, has held the initial closing of Argonaut Private Equity IV, with commitments totalling over USD230 million. Argonaut will continue to leverage its established record of disciplined investing across the energy services, industrials and manufacturing industries in Middle America.   “We are

Ancor Capital Partners sells WellSpring Pharma Services

Ancor Capital Partners, a Dallas private equity firm, has sold WellSpring Pharma Services to ANI Pharmaceuticals. Terms of the sale, which was finalised on 6 August, have not been disclosed.   WellSpring Pharma Services provides pharmaceutical manufacturing services for virtually all non-sterile finished dosage form products, including solids, semisolids, and

Peter Hughes, Apex

Apex adds USD24bn in AUA with Custom House acquisition

Fund administrator Apex Group (Apex) and Genstar Capital have jointly acquired Custom House, a global hedge fund administrator delivering services to alternative investment managers across Europe, Asia and the Americas.   The acquisition adds a further USD24 billion in assets under administration to the Group’s portfolio and is a strong strategic

HIG Growth Partners acquires Sage Hospice

An affiliate of HIG Growth Partners (HIG) has completed a strategic investment in Sage Hospice (Sage), a provider of hospice and palliative care services to patients in the Phoenix, AZ market.   Sage will serve as the platform to build a leading regional provider of hospice and palliative care services.

Natixis makes key appointments to Energy & Natural Resources sector

Natixis today announced two key personnel appointments in support of the continued growth of its Energy & Natural Resources sector for the Americas platform. Tim Polvado has been appointed as Head of Energy & Natural Resources, Americas, expanding on his previous role as Head of US Energy. He will report

TA Associates makes new hires in Menlo Park

TA Associates, a global growth private equity firm, has hired Calen Angert and Nicholas Leppla as Vice Presidents in the firm’s Menlo Park office. “We are thrilled to welcome back Calen and Nick to the firm,” says Brian J Conway, Chairman and Managing Partner at TA Associates. “As Associates, both

Thoma Bravo to acquire Quorum Software

Private equity firm Thoma Bravo is to acquire Quorum Software (Quorum), a specialist in digital transformation for the oil and gas industry, from Silver Lake. The transaction is expected to close in the third quarter of this year, subject to customary closing conditions and regulatory approvals. Terms of the transaction

Rush Street Capital adds two to team

Chicago-based financial firm, Rush Street Capital, has added two new associates its team; Patrick Kelly and James Sheehan. Both associates joined the firm in August 2018, and will work out of the Chicago headquarters location at 125 S Clark Street. Patrick Kelly has over five years’ experience in the financial services

Peak Rock Capital affiliate to acquire TNT Crust From Tyson Foods

An affiliate of middle market private equity firm Peak Rock Capital (Peak Rock) is to acquire the TNT Crust business (TNT), a manufacturer and distributor of pizza crusts, from Tyson Foods, Inc. Founded in 1981, TNT is a manufacturer and distributor of partially baked, self-rising, flat breads and other pizza

MEF II achieves 4.5x return following sale of final investment

Mekong Capital’s Mekong Enterprise Fund II (MEF II) has successfully sold 100 per cent of its final remaining investment, resulting in the fund achieving a net return multiple of 4.5x and net IRR of 22.5 per cent for its investors. This has marked one of the most successful funds in

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