Velocis Fund has met its first fund closing target. The real estate private equity fund accepted USD36.5 million in capital commitments and an additional USD4.7 million of co-investment equity for a total of USD41.2 million of equity under management. Incorporating maximum leverage of 60 per cent, this first closing will
Independent fund services provider Butterfield Fulcrum, and Luxembourg Investment Solutions SA (LIS), a regulated (UCITS-licensed) management company, have signed a strategic cooperation agreement to provide a complete suite of management company and fund administration services in Luxembourg. This relationship offers non-European fund initiators a quick and cost effective solution to
Some 674 private equity-backed buyouts deals worth an aggregate USD60.6bn were announced in Q3 2011, a 23% decrease in value from the previous quarter’s total of USD78.7bn, according to Preqin’s quarterly deals data. A total of 254 exits valued at an aggregate USD56.2bn were announced in Q3 2011, 54% down
Latham & Watkins represented DIC, the private equity arm of Dubai Holding, in connection with the sale of Ishraq Dubai LLC (Ishraq Dubai) to Almulla Group. Ishraq Dubai was 51% owned by DIC and 49% owned by Ishraq Gulf Real Estate Holding BSC, which in turn is majority owned by
CI Capital Partners, a North American private investment firm, has acquired Galls, LLC, a USD163 million revenue, full service marketer and distributor of public safety, first responder and private security products, from ARAMARK Corporation. The terms of the transaction were not disclosed. Founded in 1967, the Lexington, Kentucky based Galls
Guernsey’s commitment to meeting international standards of transparency and exchange of information in tax matters was further underlined last week, with the signing of a Tax Information Exchange Agreement (TIEA) with the Republic of Slovenia. Iztok Jarc, Ambassador of the Republic of Slovenia, and Lyndon Trott (pictured), Guernsey’s Chief Minister,
AXA Private Equity portfolio company Kallista has acquired Poweo’s operational French wind farms from VERBUND, Austria’s leading electricity company. This latest investment strengthens Kallista’s position in the French renewable energy market and underlines the continued support of AXA Private Equity for its industrial partner. This acquisition increases the number of
Actis, the pan-emerging markets private equity fund, has led a consortium in the USD434m, 100% management buy-out of Tracker, South Africa’s largest vehicle tracking company. The transaction, which was announced today, sees Remgro dispose of its interest in Tracker to Actis while FirstRand restructures its investment to include RMB. The
The volume and value of deals completed during the first nine months of 2011 in the lower mid-market investment space has increased year on year for the past three years, according to research from Lyceum Capital and Cass Business School. Data from The UK Growth Buyout Dashboard – a quarterly
Carey Olsen has been involved in an acquisition deal to buy AIM-listed company Indian Energy Limited (IEL) by Infrastructure India plc. Indian Energy is currently one of the leading independent power producers in India and operates a wind farm in Karnataka and one in the state of Tamil Nadu. Infrastructure
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