Deals
Blackstone Group’s Equity Healthcare has selected ConSova Corporation as the preferred dependent eligibility partner for its 40+ affiliated companies.
Through this agreement, ConSova joins forces with Equity Healthcare to offer a full range of health care cost containment solutions to the companies within the Blackstone Group’s global asset management portfolio as well as other affiliated private equity firms. Equity Healthcare’s companies will gain access to best-of-breed solutions for Dependent Eligibility Verification, Working Spouse Provision Audits and Ongoing Verification Services.
Equity Healthcare, a wholly owned subsidiary of The Blackstone Group, leverages the scale of the combined purchasing power of its portfolio
Hamburg-based shipping company Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft is to buy the container line operations of Chilean shipping line Compañía Chilena de Navegación Interoceánica (CCNI), Valparaiso.
The relevant contracts were signed last weekend. As part of the transaction, Hamburg Süd is also acquiring the agency business of Chilean firm Agunsa Agencias Universales S.A. (Agunsa), which is integral to the container line service.
The CCNI / Agunsa operations are scheduled to be transferred at the end of March 2015, subject to approval from the competition authorities.
A team from CMS in Germany led by Dr Christian von Lenthe (lead partner) and Dr Arne
Cathay Capital Private Equity has made a put option to the aufeminin group for the acquisition of Smart AdServer, which would subsequently become independent.
With the support of Cathay Capital, Smart AdServer intends to strongly accelerate its development to become a leading advertising platform. This investment would be made by the Cathay Capital II and the Sino-French Fund for SMEs, two investment vehicles dedicated to accelerating the international growth of midcap companies.
Since 2001, Smart AdServer has developed and marketed an integrated advertising management platform, with strong positioning in Europe and significant market share in North and South America.
NXP Semiconductors and China state-owned investment company JianGuang Asset Management Co are to establish a joint venture (JV) in China that will focus on the semiconductor market.
The JV is intended to combine NXP's advanced technology from its Bipolar Power business line with JAC Capital's strong connections in the Chinese manufacturing network and distribution channels to lower manufacturing costs and boost profit margins of high end electronic products in China. The transaction is subject to the successful conclusion of the definitive agreements as well as the approval by relevant authorities, and is scheduled to close later this year.
The new
iCapital Network, an online marketplace providing qualified investors and their advisors with access to private equity fund managers, has added Mercury Capital Advisors and Stanwich Advisors to its roster of fund placement agents.
These additions provide iCapital’s rapidly expanding base of registered members with access to Mercury’s and Stanwich’s networks of general partners and their funds.
iCapital Network serves as a conduit for registered investment advisors, wealth managers, family offices and high net worth qualified purchasers to get access to top private equity managers and their funds. The marketplace is aimed at satisfying the pent-up and growing demand for private
Private equity group ACE & Company has held the final closing of ACE Angel Partners with total equity commitments close to USD15 million.
The fund seeks to generate active returns by investing at an early stage in promising technology companies, targeting high growth markets. ACE Angel Partners invests in companies headed by visionary entrepreneurs with proven managerial skills, like Eric Migicovsky, CEO of Pebble, a company that has sold over one million smartwatches to date. These are predominantly technology companies that solve a problem, address large markets, have the potential to disrupt traditional industries and respond to immediate market needs.
Crescent Capital Group’s European Specialty Lending strategy has completed a unitranche financing to support the refinancing and recapitalisation of Interfloor Group Ltd.
Interfloor, majority-owned by Milestone Capital Partners LLP, also refinanced the mezzanine facility provided by Hutton Collins Partners LLP, which remains a minority shareholder.
This financing is consistent with Crescent’s longstanding commitment to providing access to capital for middle market companies in Europe as well as the US.
“We are pleased to have completed this unitranche refinancing with Milestone Capital in support of the continued growth of Interfloor,” says Christine Vanden Beukel, Managing Director and head of Crescent’s European
Peer-to-peer secured business spending platform ThinCats has partnered with ESO Capital Group to underwrite a regular series of large deals on the ThinCats platform.
The deal will initially involve GBP20m-GBP50m being deployed on the ThinCats platform but both partners expect this figure to rise significantly over the next few years.
Kevin Caley, CEO of ThinCats, says “We are delighted to be partnering with ESO. As a specialist in large, secured loans we are confident that ESO’s underwriting commitment will help us further strengthen our position as one of the leading players in the sector. This partnership will also allow
Halesowen-based Vacuum Furnace Engineering (VFE) has secured a substantial funding package from banking group Santander and private investment firm SEA Equity.
Prominent West Midlands businessman, Roy Kishor, has taken the role of Chairman and will lead the management team in growing the GBP10 million turnover firm in the longer term, seeing a big opportunity to expand its contract servicing and repair business, develop the next generation of vacuum furnaces and set up a new apprenticeship scheme in addition to its current business.
The Santander Corporate & Commercial Banking, Cornwall Street, Birmingham, team provided a growth capital loan, senior debt
Trina Solar Limited has signed a framework investment agreement with PingAn Trust Co and Jiangsu Jiuzhou Investment Group to jointly develop selected photovoltaic power plants in China, with a total capacity of 500MW-1,000MW over the next three years.
Under the terms of the agreement, the Investors will enter convertible loan arrangements with Trina Solar to support the development of downstream projects in China. The Investors are entitled to convert the loans into minority stake in the project companies at pre-determined time. The investors are also entitled to participate in the potential capital operation of the holding vehicle in the future.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
