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Intelligence

Highlander’s Lund International acquires Prestige Fender Flares

Lund International, a portfolio company of Highlander Partners, has acquired the Prestige Fender Flare assets of Empower Group. Prestige Fender Flares is a designer and producer of premium quality fender flares sold throughout the US. Co-founders Anthony Liu and Robert Chen, who have built Prestige into a leading provider of

MacuLogix raises USD3.6m in series A round

MacuLogix, a specialist in the early detection and tracking of age-related macular degeneration (AMD), has raised USD3.6m in series A funding. Investors include Berwind Private Equity, Roche Venture Fund, Life Sciences Greenhouse of Central Pennsylvania, and Ben Franklin Technology Partners of Central and Northern Pennsylvania. The funds will be used

Dominion to sell three merchant power stations to Energy Capital Partners

Dominion has signed a purchase and sale agreement for three merchant generation power stations with a subsidiary of funds controlled by Energy Capital Partners, a private equity firm with offices in New Jersey and California. The sale is expected to close in the second quarter of 2013. The power stations

Taylor Wessing advises Inflexion Private Equity on sale of Pims Group to Xylem

Taylor Wessing, the international law firm, has advised Inflexion Private Equity Partners on the sale of Pims Group, the wastewater services company, to US buyer Xylem, a water technology company, for a headline price of USD57m. The transaction is the first instruction for the firm from new client Inflexion and

Gavel and scales

SEC charges private equity fund advisers with misleading investors

The Securities and Exchange Commission has charged two investment advisers at Oppenheimer & Co with misleading investors about the valuation policies and performance of a private equity fund they manage. An SEC investigation found that Oppenheimer Asset Management and Oppenheimer Alternative Investment Management disseminated misleading quarterly reports and marketing materials

Arma Partners advises Arieso on its sale to JDS Uniphase Corporation

Arma Partners acted as the exclusive financial adviser to the shareholders of Arieso on its sale to JDS Uniphase Corporation (JDSU) for USD89m in cash. Headquartered in Newbury UK, Arieso brings mobile software expertise to JDSU to address the rapidly growing deployment of small cells and challenges associated with limited

Plane taking off

PAI Partners acquires ADB from Montagu Private Equity

PAI Partners has acquired airfield lighting specialist ADB Solutions from Montagu Private Equity. The terms of the transaction, which is subject to regulatory clearances, have not been disclosed. ADB serves over 2,000 airports across more than 175 countries internationally. The company develops, manufactures, and sells a portfolio of AGL products

Intervale Capital backs Certus Energy Solutions

Intervale Capital, an energy-focused private equity firm, has partnered with a management team to form Certus Energy Solutions. Certus is focused on providing premium oil country tubular goods (OCTG) and other downhole products, and is headquartered in Houston, Texas. Certus currently services customers in the Rocky Mountain and Mid-Continent regions

James Cameron joins Infrastructure UK advisory council

James Cameron, the chairman of Climate Change Capital, the environmental investment manager and advisory group, has been appointed to the Infrastructure UK advisory council, a unit within the Treasury aimed at prioritising and improving the delivery of UK infrastructure investments. The council, which meets every quarter, is chaired by Paul

Luxembourg

Kinetic Partners establishes management company in Luxembourg

Kinetic Partners’ application to become a fund management company (MANCO) in Luxembourg has been approved by the Luxembourg Financial Authority (CSSF). The issuance of the licence will enable Kinetic Partners (Luxembourg) to host third party Undertakings for Collective Investment in Transferable Securities (Ucits) funds – and in the future Alternative

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