Brookfield Asset Management has completed the spin-off of Brookfield Business Partners, the primary public vehicle through which Brookfield will own and operate the business services and industrial operations of its private equity group on a global basis. "The spin-off of Brookfield Business Partners completes the fourth pillar of our strategy to consolidate Brookfield's major business units and furthers our asset management strategy, providing investors with direct access to many businesses within our private equity group," says Bruce Flatt, CEO of Brookfield. The spin-off was effected by way of a special dividend of units of BBU to holders of Brookfield's Class

BlackRock Real Assets has entered into an agreement to purchase GE Energy Financial Services’ 50 per cent interest in the Grandview wind project (Grandview). Grandview is now jointly owned by BlackRock and E.ON Climate and Renewables North America (EC&RNA), a subsidiary of E.ON SE, one of the world’s largest renewable power providers.  Grandview has been operating since December, 2014 and is located on 45,000 acres in Carson County, Texas in the ERCOT regional transmission origination system. The 211 MW wind project will supply electricity to the region under a long-term offtake agreement with an investment grade counterparty and utilises proven,

Law firm, Mourant Ozannes, has advised 3i Infrastructure on the successful completion of a capital raise with gross proceeds of GBP385 million. 3i Infrastructure plc is a FTSE 250 infrastructure investment company. Capital raised will be used to fund the completion of the company's investments in Wireless Infrastructure Group and TCR and invest in further new investments during the rest of the financial year. The offering, with an original target size of GBP350 million, was significantly oversubscribed and the final size has been set so as to ensure that the Company continues to maintain an efficient balance sheet while at

Leading international law firm, Mourant Ozannes, has advised long standing client Intertrust N.V. on its GBP435 million acquisition of Elian Group. Netherlands-based global trust and corporate services provider, Intertrust NV, has 37 offices in 26 jurisdictions in Europe, Asia and the Middle East. Fiduciary services company Elian, which has its headquarters in Jersey, comprises 15 offices around the world. Mourant Ozannes Partner, Simon Felton, says: "This is a positive step for Intertrust and Elian which will allow for significant growth and diversification in key jurisdictions, creating a truly global leader in their industry. Our international team of specialists worked together

VFO, the company behind the Freedom Scientific and Optelec brands, has acquired Ai Squared, a developer of screen magnification and screen reading software.  Together, the companies offer the world’s broadest suite of assistive technology products for the visually-impaired. Each of the companies has a long history of providing innovative technology solutions that enable blind and low vision individuals to reach their full potential – to gain an education, obtain employment, succeed in professional careers, and live independently throughout their lives.   “Adding the brand, product portfolio and capabilities of Ai Squared to VFO gives us the broadest portfolio in the

Daphne Dufresne, Managing Director and founding partner of RLJ Equity Partners, is to leave the firm to pursue smaller, higher growth companies which are outside of the investment scope of the firm. Dufresne will continue to serve as a Special Advisor to RLJ. Rufus Rivers, RLJ Equity Partners' Managing Partner, says: "I am deeply saddened that my partner for the last 10 years, and one of the founders of RLJ Equity Partners, has decided to leave the firm to pursue her passion to invest in small, high growth companies. While I'm sad, I'm also excited for Daphne and I look

Private equity house Maven Capital Partners (Maven) has supported the management buy-in (MBI) of Prime Document (Prime), a specialist provider of outsourced document management services.  Maven’s backing will help the team strategically grow the sales and marketing capability of the business, expanding its footprint into the electronic document management (EDM) sector, which is forecast to grow strongly over the next few years.   The senior buy-in team has significant experience in the document management outsourcing market, with Managing Director Martin Hurley and Operations Director Alan Hall having previously held senior positions with several large companies in this arena. Phil Dearden

Zeus Capital is acting as Nominated Adviser and Sole Broker to Accrol Group Holdings (ACRL.L) on its AIM IPO and GBP63.5 million fundraising and advised on a new GBP38 million flexible debt facility provided by HSBC.  Accrol will have a market capitalisation on admission of GBP93.0 million (based on the placing price) with Zeus Capital raising GBP63.5 million with GBP20.2 million for selling shareholders and GBP43.3 million to reduce debt, including shareholder loan notes.    The IPO provides a partial exit for the Hussain family and NorthEdge Capital who each retain 15% of the equity in the listed company going

Oakley Capital Private Equity (OCPE) has announced the successful completion  of the Initial Public Offering (IPO) of Time Out Group, which raised GBP90 million (gross). Since OCPE’s initial investment, Time Out has significantly grown and developed its digital media and ecommerce business, transitioned the magazines to a free print model in key geographies, consolidated the brand ownership by acquiring back the key licensee territories and acquired the Time Out food market in Lisbon, Portugal.   Time Out now has its largest audience in its 48 year history with an audience reach of approximately 111 million per month across all platforms

Twelve Capital Group was the anchor investor in Adriatic Slovenica’s note offering, providing the company with Solvency II compliant capital for a ten year period.  On 24 May 2016, the company placed EUR50 million in notes, maturing in May 2026. Twelve Capital Group acted as anchor investor and was then joined by additional investors. These notes, which comply with the requirements of the Solvency II directive are listed on the Irish Stock Exchange (on the GEM – Global Exchange Market). The proceeds will be used for strengthening the capital adequacy of the issuer and for purchasing KD Funds, which is