PE Tech Report

Lettings & Sales

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Euro Choice Secondary completes final closing at EUR224 million

Euro Choice Secondary, the first pure secondary fund advised by Akina, has held its final close at EUR224 million, exceeding its target of EUR200 million. The fund attracted a high level of interest with ultimately some 35 high quality limited partners subscribing, including public and private pension funds, endowments, insurance

Money stack

NGP Energy Capital Management closes USD5.325bn PE fund

NGP Energy Capital Management (NGP) has held the final closing of NGP Natural Resources XI at its hard cap of USD5.325 billion.  NGP XI will continue NGP’s 26-year history as a premier provider of private capital and sponsorship to the natural resources industry, focusing on the oil and gas production,

Livingstone sells Chill Factore and advises on the acquisition of Scott Dunn

Livingstone’s Consumer sector team has sold Extreme Cool Ltd which owns and operates Chill Factore, a 167,000 sq ft ski slope and activity centre in Manchester, to a joint venture between Development Securities plc and Pemberstone Investments for GBP15.5m.  This is Livingstone’s fifth travel/leisure sector deal in the last 12

Document signing

American Securities closes USD5bn PE fund at hard cap

Private equity fund American Securities has held the first and final closing of American Securities Partners VII with total capital commitments of USD5 billion.   As a result of strong investor interest, American Securities closed the fund above the USD4 billion target and at the hard cap the firm established

Sold sign

Macquarie Capital invests in offshore wind farm EnBW Baltic 2

EnBW has sold 49.89% of the shares in offshore wind farm EnBW Baltic 2 to Australian private equity investor Macquarie Capital.  The purchase agreement for the transaction has now been signed. The purchase price for the shares is EUR 720 million. They will be transferred to Macquarie Capital following antitrust

Euros

Fountain Healthcare Partners launches second fund

Fountain Healthcare Partners has held the initial closing of its second fund, Fountain Healthcare Partners Fund II, with EUR85 million of committed capital. The fund is a dedicated life science venture capital (VC) fund and brings Fountain’s total capital under management to EUR158 million. Within the life science sector, Fund

Thoma Bravo sells Telestream to Genstar Capital

Private equity investment firm Thoma Bravo has sold portfolio company Telestream, a provider of live and on-demand digital video tools and workflow solutions, to Genstar Capital.  Financial terms of the deal, which is expected to close in Q1 2015, have not been disclosed.  “Thoma Bravo worked in partnership with management

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