Deals
WaterBridge Holdings (WaterBridge) has raised USD345 million of equity capital through the issuance of USD195 million of common equity to: funds affiliated with Five Point Energy LLC; an affiliate of GIC; and WaterBridge management, as well as USD150 million of preferred equity to Magnetar Capital, an alternative asset manager.
Proceeds will be used to fund acquisitions of produced water infrastructure from Primexx Energy Partners, Tall City Exploration III and Jetta Permian, as well as organic growth projects in the Southern Delaware Basin. In addition, WaterBridge has the ability to issue, and Magnetar Capital has the right to acquire, an additional USD100 million
UK private equity house Maven Capital Partners (Maven), has made a profitable exit from Prime Document Limited (Prime) following the sale of the business to Belgium-based Unifiedpost Group SA, generating a 2.6x return.
Maven’s Investor Partner network originally backed the management buy-in (MBI) of Prime, a financial document management services provider, in May 2016. Prime specialises in the production and distribution of business-critical documents, such as invoices, pay slips, pension and tax statements, which are required to comply with industry regulations or legislative requirements. Customers include a wide range of large and mid-market companies, local government bodies and NGOs, operating
LDC has agreed to sell its significant stake in the high-performance loudspeaker business Martin Audio to Focusrite, the global music and audio products company, in a GBP39.2million sale.
The transaction follows a period of significant growth for Martin Audio and provides a money multiple return of 2.6x for LDC.
Martin Audio was founded in 1971 by legendary Australian sound engineer Dave Martin who started out producing touring systems for international super groups including Pink Floyd, The Who and Supertramp. It designs, manufactures and distributes premium professional sound systems across the globe, providing the audio equipment for one in five festivals worldwide.
Limerston Capital backed Prism Medical Healthcare (Prism Medical) has completed the acquisition of Harvest Healthcare Ltd (Harvest) for an undisclosed sum.
Prism Medical supports customers in a range of care environments, such as homes, care homes and hospitals, and provides a full-service that includes the design, installation and servicing of its equipment across the homecare, long-term and acute care markets. The group operates from eight UK locations, employs circa 450 highly skilled staff delivering a portfolio of 180 products.
South Yorkshire based Harvest offer a comprehensive range of pressure care equipment from profiling beds, static and active mattresses and cushions
Mid-market private equity firm LDC has made a significant investment in Leeds-based Global Autocare (Global) to support its ambitious organic growth strategy.
The transaction will see LDC take a significant minority stake in the business, backing the existing management team.
Global is an independent corporate mobility and fleet management provider with an impressive track record for growth and a loyal customer base. The business has consistently delivered organic growth by over 20 percent year-on-year since 2010.
LDC’s support and investment will help the business to accelerate its national growth plans, building on its strong relationships with some of
genesis, an international capital markets software firm has held the closing of its second capital raise, securing USD1.8 million of investment in a round that was led by Illuminate Financial Management, a UK-based capital markets venture capital firm and Tribeca Early Stage Partners, a New York venture group.
genesis has now raised USD5 million since its first external capital injection in November 2018.
The new funding will be invested in further development of genesis platform’s core technology, sales and marketing to cement genesis’ position as the ‘low-code’ platform for capital markets software development.
Across the entire capital markets industry, firms
SSE Renewables is to expand its onshore wind pipeline through the acquisition of a 29-turbine, shovel-ready consented wind farm development in Ireland with an installed capacity in excess of 100MW, subject to final turbine selection. SSE Renewables has acquired the Yellow River Wind Farm project outside Rhode in County Offaly from Green Wind Energy (Wexford) Ltd. The project was granted full planning consent in 2014.
On-site pre-construction works have already commenced, and SSE Renewables expects to begin full construction of the wind farm in late 2020 with an expected project completion date in 2022. The project is expected to support up
Lovell Minnick Partners, a private equity firm focused on investments in the global financial services industry, has completed a significant growth investment in Fortis Payment Systems (Fortis), a payments technology and merchant services provider. Financial terms of the private transaction have not been disclosed.
Headquartered in Novi, Michigan, Fortis provides payment technology and processing capabilities to developers and businesses throughout North America. The Company’s proprietary payments platform, Zeamster, creates integrated commerce experiences for software and ERP providers as they transform the way businesses interact with their customers.
“Fortis has developed a highly configurable, powerful payments platform with industry-leading technical and security
Sun Life Financial is to acquire a majority stake in InfraRed Capital Partners (InfraRed), a global infrastructure and real estate investment manager. InfraRed advises institutional and pooled fund clients on approximately USD12 billion (CAD16 billion) in assets under management as of September 30, 2019. InfraRed is headquartered in London, UK and has more than 175 partners and staff.
InfraRed will form part of SLC Management, Sun Life’s alternatives asset management business. The acquisition is integral to Sun Life’s strategy of broadening its asset management pillar by extending the capabilities of SLC Management to the benefit of existing and prospective clients.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
