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Intelligence

Russian Direct Investment Fund invests in Geropharm

The Russian Direct Investment Fund (RDIF) has made an investment in Geropharm, a Russian pharmaceutical company, specialising in restoring brain function and the treatment of diabetes. This investment utilises the mechanism designed to promote the development of companies with significant export potential.   The proceeds will be used by Geropharm

Beacon Rail acquires Ascendos Rail Leasing from Pamplona

Beacon Rail Leasing, a Pan-European rolling stock lessor, has closed on the acquisition of Ascendos Rail Leasing, a European locomotive and rolling stock leasing company, having received clearance from the German competition authorities.  The combined Beacon and Ascendos portfolio includes 225 locomotives and over 1,000 freight wagons on lease in

Revlon to acquire Elizabeth Arden for USD14.00 per share in all-cash transaction

Revlon is to acquire all of the outstanding shares of Elizabeth Arden for USD14.00 per share in cash, representing an enterprise value for Elizabeth Arden of approximately USD870 million. By bringing together two highly complementary, iconic brand portfolios, Revlon says it will benefit from greater scale, an expanded global footprint,

NES Financial expands private equity team with appointment of new MD

NES Financial’s private equity fund administration business has expanded its New York City operations with the hire of Justin Flanagan as Managing Director. With over 20 years of experience in the financial sector, Flanagan joins NES Financial from Markit, where he was recently head of Midwest sales and account management

LogicMonitor secures USD130m investment from Providence Equity

LogicMonitor, a Software-as-a-Service (SaaS) delivered end-to-end IT infrastructure monitoring platform, has secures a USD130 million investment from Providence Strategic Growth (PSG), the growth equity affiliate of private equity firm Providence Equity Partners. The investment will be used to continue LogicMonitor’s global market expansion as the leading modern IT infrastructure performance

EAV leads investment in Ghana’s PEG

Energy Access Ventures (EAV) has announced a USD2 million investment as part of a USD7.5 million round in PEG  – an off-grid solar pay-as-you-go (PAYG) company operating in Ghana. The partnership with PEG is EAV’s second investment and represents the start of its investment activity in West Africa. After a

Altran’s Cambridge Consultants acquires Synapse

Product development firm Cambridge Consultants, part of the Altran group, is to acquire Synapse. The acquisition will allow for the combined firms to create one of the world’s largest product development companies with significant presence on both coasts of the US. This acquisition, combined with Cambridge Consultants, will grow the

BlackRock closes on purchase of 50 per cent interest in Texas wind project

BlackRock Real Assets has entered into an agreement to purchase GE Energy Financial Services’ 50 per cent interest in the Grandview wind project (Grandview). Grandview is now jointly owned by BlackRock and E.ON Climate and Renewables North America (EC&RNA), a subsidiary of E.ON SE, one of the world’s largest renewable

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