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Intelligence

Principal supports Iron Path Capital’s investment with Versant Diagnostics

Principal Global Investors, through its direct lending business, Principal Alternative Credit, has served as sole lead arranger and administrative agent on senior secured credit facilities for Versant Diagnostics, an Iron Path Capital portfolio company, in partnership with Alliance Pathology Consultants. The financing supports Versant Diagnostics emergence as one of the

Partners for Growth appoints President

Partners for Growth (PFG), a global specialty lending firm focused on emerging growth companies, has made a number of promotions and new hires. Jason Georgatos, who joined Andrew Kahn and Don Campbell as a founding member of the PFG investment team in 2004, has been elevated to President. In this

IK Partners to acquire Renta Group

IK Partners’ (IK) IK IX Fund is to acquire Renta Group Oy (Renta Group) from Intera Partners (Intera), alongside management and employees who will be reinvesting. Financial terms of the transaction have not been disclosed. Renta Group is a full-service machine and equipment rental services company with more than 100

Apex Group wins new mandate from life insurer

Apex Group Ltd (Apex), a global financial services provider, has been appointed to provide Fund Administration and Middle Office Services to the life insurance company of Azimut Group (Azimut), an Italy-based, independent asset management operator with over EUR80 billion in assets (as of end of October 2021). Following a competitive process,

Glennmont acquires 98.7MW Spanish wind portfolio

Glennmont Partners from Nuveen (Glennmont) has acquired 100 per cent of the share capital of Sirocco Winco 2, a portfolio of onshore wind projects in Albacete and Andalucia, from Sirocco Power, a special purpose vehicle incorporated by Alfanar Group, Saudi Arabia (Alfanar). The investment represents Glennmont’s first acquisition in the

Pamplona Capital Management to acquire EET from FSN Capital

Pamplona Capital Management (Pamplona) is to acquire EET management have agreed to acquire the company from funds managed by FSN Capital. The sale is expected to close in the first quarter of 2022. EET is a leading value-added distributor of specialist technology components and solutions with a growing presence across

One Equity Partners to acquire Norit Activated Carbon

One Equity Partners (OEP), a middle market private equity firm, is to acquire Norit Activated Carbon (Norit), a global manufacturer of activated carbon for purification solutions, from corporate parent Cabot Corporation (NYSE: CBT). Norit manufactures a broad portfolio of activated carbon products used for purification needs in growing sectors including

Hunter Point Capital appoints MD

Hunter Point Capital (HPC), an independent investment firm focused on taking minority stakes in middle-market alternative asset managers, has appointed Melvin Hibberd as a Managing Director to lead the firm’s investment team. Based in New York, Hibberd will be responsible for HPC’s investment processes and transaction execution. Hibberd joins from

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