Deals
Acacia Research Corporation, a publicly-traded investor in absolute return assets, has entered into an agreement with Link Fund Solutions Limited (LFS) to purchase shares in up to 19 public and private life sciences companies from LF Equity Income Fund (the “Fund”) for a total consideration of up to GBP223.9 million. The acquisition of the private companies is subject to the waiver or completion of customary pre-emption processes of such companies.
Clifford Press, Chief Executive Officer, says: “This transaction is representative of the exceptional capabilities of Acacia’s transactional team with the financial and structuring support of our strategic partnership with Starboard Value
Growth equity firm Edison Partners has sold portfolio company Zagster, a shared micromobility and fleet operations management company, to Superpedestrian, a Boston-based mobility engineering and technology company founded by urban transport experts from MIT.
Edison Partners also announced leading a new USD15 million investment in Superpedestrian, joined by existing investors Spark Capital and General Catalyst. The new growth capital adds to the USD20 million in financing announced by Superpedestrian in November 2019 to support the rollout of its scooter fleet.
“The combination of Superpedestrian with Zagster creates the first fully integrated micromobility company. One that includes product, manufacturing
UK-based private equity manager Maven Capital Partners (Maven) has invested an undisclosed amount in Zing Dev Limited (Zing), a technology services business.Zing is a specialist implementation partner for Twilio, a market-leading cloud communication platform. As one of a small number of accredited implementation partners across Europe, the Middle East and Africa, Zing offers consultancy and managed services for Twilio’s fully programmable cloud-based contact centre software.
Zing builds and implements contact centre solutions, helping clients to improve customer communication and engagement, but also to enable more flexible working and increased efficiency. It is on a mission to put contact centres at
Northstar Capital (Northstar), a provider of junior capital for middle market private equity transactions, has made an investment in PKWARE, a portfolio company of Thompson Street Capital Partners (TSCP).Founded in 1986, PKWARE (www.pkware.com) created the .ZIP file format and provides leading compression, encryption, and data security platform solutions to highly regulated enterprises. The Company’s flagship data security platform, Smartcrypt, enables companies to protect sensitive data, meet compliance and regulatory requirements and manage risk.
PKWARE marks Northstar’s fourth investment out of NMP VII. Northstar provided a flexible capital structure as the sole lender to help TSCP finance the deal. The Northstar
Private equity firm Sverica Capital Management(Sverica) and Salesforce Ventures have made a strategic investment in Coastal Cloud an independent Salesforce consulting partners in the United States.
Based in Palm Coast, Florida, Coastal Cloud was started in 2012 by Co-Founders and Managing Partners Sara and Tim Hale with the goal of creating a modern consulting firm focused on client outcomes and led by expert, onshore consultants who enjoy the flexibility of the company’s “live at the beach, work in the cloud” business model. Coastal Cloud is focused on diversity as one of the largest woman-owned Salesforce consulting partners, with women making
Triple Point has launched an initiative to help new start-ups, in recognition of the role innovation and technology will play in the UK’s economic recovery.
Triple Point’s investment initiative, called Kick Start, is designed to target the very early stage businesses that have yet to raise funding. It will be led by the firm’s VC funds team and invest ticket sizes of between GBP100-GBP150,000 in companies with pre-money valuations of between GBP1 million-GBP1.5 million, usually as the first external money into the startup.
The money is meant to be allocated to the UK’s most innovative start-ups. “High growth companies will
By Michael Halford & Brian O’Neill, Goodwin – Until recently, an investor in a private equity fund could expect an investment to be tied up for at least 10 years. Historically and currently, private equity funds have a 10-year life with the option for the general partner (usually with some form of investor or advisory board consent) to extend the fund by two or three additional one-year periods. In practice however, private equity funds have lasted longer than this with a typical fund potentially lasting for 15 years or more before final wind up and liquidation.
The Carlyle Group and T&D Holdings have completed their acquisition of a 76.6 per cent interest in Fortitude Group Holdings, whose group companies include Fortitude Re, from American International Group, Inc (AIG). The transaction, which was first announced in November 2019, closed following receipt of required regulatory approvals and customary closing conditions. At closing, AIG received approximately USD2.2 billion in sale proceeds, including the purchase price of USD1.8 billion along with additional consideration paid in accordance with the terms of the purchase agreement.
Fortitude Re is the reinsurer of approximately USD30 billion of reserves from AIG’s Legacy Life and Retirement Run-Off
Enhanced Healthcare Partners (EHP), a New York-based private equity firm specialising in middle-market healthcare businesses, has made a joint investment in the business merger of Synergy Surgicalists and EA Health.The combined company will offer integrated, high performance clinical staffing and management services for emergency medicine, orthopaedic and general surgery staffing and specialty on-call services. The merger of the businesses will provide enhanced value to all stakeholders—patients, hospitals and clinicians—with a suite of solutions to drive patient care, physician satisfaction and hospital efficiencies.
Industry veteran Bill Sanger, chairman of EA Health and former chairman and chief executive officer of Envision
Alternative asset management firm GCM Grosvenor has closed on an agreement to provide USD85 million in debt financing to Bakersfield Renewable Fuels (BKRF) to help retool the former Alon oil refinery in Bakersfield, California. GCM Grosvenor joins Orion Energy Partners (Orion Energy) and Voya Investment Management (Voya) in providing a total of USD365 million in capital to BKRF.
The investment is part of GCM Grosvenor’s Labor Impact Strategy, which focuses on investing in infrastructure assets that rely on collaboration with union labor to seek opportunities that generate high-quality risk-adjusted returns for investors.
BKRF’s retooling of the facility is expected to take
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
