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ICG backs a consortium investing in Minimax Viking Group

ICG, the specialist asset manager, has supported KIRKBI Invest A/S, the Groos Family and the management team in the acquisition of Minimax Viking Group. The investment shifts ownership of the company from IK Investment Partners to the consortium.   ICG led the arranging of the transaction.   Minimax Viking Group

Pylons

Actis completes USD202m Cameroonian electricity deal

Actis, a pan-emerging market private equity investor, has acquired the majority interest in three power assets in Cameroon from The AES Corporation. Actis will pay USD202 million net of closing price adjustments for a 56 per cent stake in Cameroon’s national integrated utility, Société Nationale d’Electricité (SONEL), and in two

Peak Rock Capital names Ryan Fitch to lead business development group

Peak Rock Capital has appointed Ryan Fitch as a senior vice president of the firm, responsible for leading the business development group.  Fitch will work closely with the firm's leadership team to further develop Peak Rock's growing relationships.   Fitch previously spent nearly a decade as part of the business

RLJ Equity Partners acquires EnviroVac Holdings

RLJ Equity Partners, an affiliate of The RLJ Companies, has acquired EnviroVac Holdings, a provider of industrial cleaning, environmental services, and on-site maintenance support. EnviroVac uses state-of-the-art equipment to provide industrial vacuuming, hydroblasting, watercutting and inspection services for customers who participate in the pulp and paper, chemical, steel, oil and

Document signing

Kingdom Holding Company and Caisse des Dépôts Group form investment partnership

Kingdom Holding Company (KHC) and Caisse des Dépôts International Capital (CDCIC) have signed a memorandum of understanding to establish an investment vehicle seeking to develop Saudi projects and ventures. The KHC-CDCIC platform will help advance bilateral economic co-operation and trade and to facilitate access to long‐term capital in both countries

MiFID II published in the Official Journal of the EU

The EU has published MiFID II in the Official Journal (OJ) following more than two and a half years of consultation and negotiation. Publication in the OJ sets the date on which MiFID II enters into force as 2 July 2014.   The rules enter into effect 30 months later,

Pamlico Capital and Clarity Telecom agree to acquire broadband assets

Pamlico Capital and the management team of Clarity Telecom have entered into a definitive agreement to purchase broadband assets in Rapid City and Sioux Falls, South Dakota from WOW! Internet, Cable & Phone. Post-close, the Clarity team will continue to provide high-speed broadband, video and voice services to more than

Duet partners with Cairo investment bank CI Capital to launch Egypt PE fund

Egyptian investment bank CI Capital Holding (CICH) and alternative asset manager Duet Group have launched the Duet-CIC Egypt Opportunities Fund to invest in the Egyptian economy. The partners believe that Egypt will position itself as the region’s leading investment destination in the medium-to-long term and have agreed to launch a

Handshake 2

WHEB appoints partner in Munich

WHEB Partners, a private equity fund manager specialising in growth opportunities in energy and resource efficiency technology markets, has appointed Florian Strehle as its new Munich-based partner. Strehle has eight years’ private equity experience, six of which were at AUCTUS Capital Partners, a German private equity fund manager where he

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