Deals
Fidelity Biosciences is joining with Devonshire Investors’ technology venture capital fund to become F-Prime Capital.
F-Prime Capital will create a new, unified name for the venture capital funds of FMR LLC, the parent company of Fidelity Investments, and continue its 40-year history as an active global investor in life sciences, healthcare and technology.
“Throughout the firm’s history, our scale and scope have grown with the addition of new venture funds, domain expertise and global reach,” says Stephen Knight, managing partner for the firm. “While our venture teams retain a strong cultural bond with Fidelity Investments, we are introducing a
Global Jet Capital, a provider of financing solutions for large-cabin, long-range private jets, has agreed to purchase the aircraft lease and loan portfolio of GE Capital Corporate Aircraft in the Americas representing approximately USD2.5 billion of net assets.
Shawn Vick, Executive Director of Global Jet Capital, says: “We are investing heavily in growing the business both organically and through strategic acquisitions such as this one with GE. This is a prime example of our industry expertise and investment capital coming together to evaluate and identify an opportunity to expand the business in a disciplined, carefully measured way.”
He adds:
Mid-market advisory firm Clearwater International has completed deals worth over EUR1 billion during what are typically considered to be the quieter summer months – activity which has seen the company’s average deal value soar to EUR84 million.
Following the first anniversary in June, of the merger to create Clearwater International, the business has seen exceptional levels of M&A in all of its territories and sectors, and no more so than in the UK where the team have completed 11 deals in the last 10 weeks.
Transactions included the MBO’s of Partner in Pet Food, worth EUR315 million, and Ideal
Sell-side mid-market M&A firm Cavendish Corporate Finance has advised on the sale British digital agency Dare to Oliver Group.
Founded in 2000 by Mark Collier, the former Bartle Bogle Hegarty (BBH) joint managing director, Dare is one of Britain’s great digital success stories. Established as one of the first digital agencies in the UK, Dare quickly grew to become a leader in its field and was sold to Canadian marketing group Cossette in 2007.
Currently owned by EDC Communications, a group of marketing services companies backed by the US private equity firm Mill Road Capital, Dare has established itself as
There were 230 trade sale exits in Q3 2015, nearly matching the record 231 exits in Q4 2012, with a combined value of USD98.7 billion, the highest quarterly value on record according to figures release by Preqin.
This total is expected to increase further as more information comes to light, surpassing the previous record and making the quarter the busiest ever for private equity-backed trade sale activity. Trade sales have been the key driver of the private equity- backed exit market in Q3 2015, as the number of IPOs, sales to GP, and restructurings all fell.
Nonetheless, private equity-backed exit
UK mid-market private equity firm LDC has backed the management buyout of PEI Media Group Ltd (PEI), an alternative assets information groups.
Founded in 2001 following a buyout from Euromoney Institutional Investor plc, PEI has developed a portfolio of globally recognised publications, databases and branded events focused exclusively on alternative asset finance and investment. Its products and services sit at the heart of the fast-growing markets of private equity, real estate, infrastructure and private debt.
The PEI publication portfolio includes Private Equity International, PERE, Infrastructure Investor, Real Estate Capital and pfm. PEI has also expanded into emerging alternative investment fields
Private investment firm Enhanced Capital and FocusPoint Private Capital Group (FocusPoint), a FINRA member focused on private capital raising, have formed Enhanced FocusPoint (EFP), a partnership to source, seed and launch a series of private investment funds.
EFP will identify talented management teams with investment strategies suitable for institutional investors allocating capital to private funds. This partnership will expand the reach and capabilities of each firm, providing experienced limited partners with new investment strategies.
Four sectors of focus have been identified for the platform: Equity, Credit/Income-Generating, Real Assets, and Special Opportunities. Enhanced and FocusPoint have a long history of backing
Graycliff Partners, an independent investment firm focusing on middle market private equity and mezzanine investments, has provided subordinated debt financing to Stone Source, a supplier of natural stone and other decorative surface products including porcelain and glass tile, engineered stone and reclaimed wood.
Graycliff’s investment in Stone Source supported a recapitalisation of the business by Founders Equity.
Headquartered in New York City, Stone Source sells stone and decorative products to consumers and contractors via the architect and design channel for commercial and high-end residential use. The company has a nationwide presence, with operations in New York, New Jersey, Massachusetts,
Inflexion Private Equity has completed the IPO of On the Beach Group, the UK short-haul packaged beach holiday provider, generating a total realised and unrealised return of 3.6x with an IRR of 84 per cent, within just 23 months of ownership.
The flotation of On the Beach has priced on the London Stock Exchange, with a market capitalisation of GBP240 million.
On the Beach operates a market leading technology platform, developed in a highly agile environment with constant innovation and personalisation to deliver a rich customer experience. Inflexion’s buyout in October 2013 helped On the Beach exploit the structural
Glennmont Partners has completed the purchase of the Port Clarence Energy Project from ECO2 and Temporis Capital on behalf of its dedicated clean energy fund, Glennmont Clean Energy Fund Europe II, in a GBP160m deal.
The Port Clarence Energy Project will see a new biomass power generation plant built at Port Clarence, Stockton-on-Tees, providing 40 MW of CHP enabled renewable energy to the UK Energy market. The plant is expected to become operational in the first quarter of 2018.
The purchase and further construction of the Port Clarence Energy Project is being supported by debt arranged by Deutsche Bank
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
