Deals
Cathay Capital has held the final closing of the Sino French (Midcap) Fund, which will partner with French, Chinese and European companies of the midcap segment, at EUR500 million.
The fund’s hard-cap was reached less than six months after the official launch of the fund and a first closing carried out in June 2014. In addition to Bpifrance and China Development Bank, long-term partners of Cathay Capital who both contributed EUR100 million, this investment fund was also subscribed by around thirty other investors drawn from Europe, China and the Middle East.
A majority of Cathay’s historic investors chose to
Kuwait Pipe Industries and Oil Services Company (Kuwait Pipes) has signed a settlement term sheet for the commercial debt of around KWD130mn with its participating commercial lenders to bring a comprehensive and permanent solution to the Company’s capital structure.
The settlement term sheet was signed by Abdulkareem Abdullah Al-Mutawa, Board Member and Head of Re-Structuring Committee of Kuwait Pipes, and representatives from five of the Commercial lenders. The signing took place at Global Tower and was attended by Mrs. Maha Al-Ghunaim, Vice Chairman & Group CEO of Global Investment House (Global), the financial advisor to Kuwait Pipes, and representatives from
Circle Squared Alternative Investments (CSQ) has partnered with USD1.5bn money management and investment consulting firm Strategic Capital Alternatives (SCA).
SCA provides customised investment portfolio models and operational platforms to independent registered investment advisors (RIAs).
The partnership is aiming to empower advisors who work with SCA to capitalise on an investment model long employed by institutional investors – the outsourcing of highly specialised CIO-level analysis – but just now becoming available to independent financial advisors.
“Our OCIO model is a direct response to advisors’ recognising their efforts are much better spent on gathering assets than managing them, something institutions figured out
DigitalOcean has secured a USD50 million credit facility from funds managed by global investment firm Fortress Investment Group LLC.
This announcement comes on the heels of Netcraft’s report detailing DigitalOcean’s meteoric rise to the third largest hosting company in the world.
"This financing illustrates Fortress’s continuing interest in the data centre and cloud services industries. In our view, DigitalOcean is well positioned to succeed in the expanding cloud infrastructure sector," says Aaron Blanchette, Managing Director at Fortress Investment Group LLC. "We look forward to playing a part in DigitalOcean's organic expansion as they bring their cloud offerings to more international
Growthgate Capital’s portfolio company Gama Aviation has proposed a GBP82 million (USD127 million) reverse takeover with Hangar 8, an international operator listed on the London Stock Exchange’s Alternative Investment Market (AIM).
Subject to completion in early January 2015, the new business, Gama Aviation Plc (AIM: GMAA) will be listed with an anticipated market capitalization of GBP130million (USD200 million).
Growthgate Capital will receive shares in the public entity, with both the CEO and Chairman of Gama Aviation retaining their positions. This transaction results in Growthgate Capital receiving shares in the combined listed entity and realizing superior returns over invested capital.
Palatine Private Equity has backed Character World, a UK-based licensed bedding specialist, in a GBP36m secondary management buyout.
The Cheadle-based company, which employs 74 UK staff and eight in China, is led by brothers Mark and Danny Schweiger. The deal sees an exit for RJD Partners who funded a management buyout with the Schweigers in 2008.
Founded in 1998, Character World works with some of the world’s leading character, gaming and music entertainment companies, providing licensed bedding and associated homeware products for a wide range of children’s age groups from preschool up to students. It acquires the UK product
THL Credit has formed a joint venture with Perspecta Trident, an affiliate of Perspecta Trust, to create THL Credit Logan JV.
The new joint venture is expected to invest primarily in senior secured first lien loans to middle market companies and other corporate debt investments, consistent with THL Credit's origination and underwriting strategy.
THL Credit and Perspecta have committed to initially provide USD120 million and USD30 million, respectively, of equity capital to Logan JV. In addition, Logan JV has agreed to terms with a third party to provide credit financing. Logan JV expects to begin funding the portfolio with new
Solar simulation technology specialist Eternal Sun has closed a EUR2 Million (USD2.5 Million) Series A financing from Belgian investment firm Vermec.
The investment will be used to expand international sales and service operations.
Leading research institutions, solar module manufacturers and certification authorities rely on Eternal Sun’s solar simulation systems for testing the quality of solar modules and materials.
Chokri Mousaoui, Founder and CEO of Eternal Sun, says: “In an era of continuous improvement of solar modules, our solar simulation systems are in high demand with customers that aim to accurately test the performance and reliability of their solar
Constellation, a small-cap buyout specialist with a distinctive Buy-&-Build investment strategy focused on services companies in the DACH region, has closed Constellation IV at its hard cap of EUR120 million.
Besides commitments from returning investors which included the entrepreneurs that form part of Constellation’s Industry Partner network, Constellation was pleased to have received commitments from several high quality international investors from France, Germany, Switzerland, the US and Asia. They include fund-of-funds, family offices, universities, foundations, endowments and a state pension fund.
In line with Constellation’s predecessor fund, Constellation IV follows the same investment strategy and is focused exclusively on
Arthurian Life Sciences, the fund management company led byProfessor Sir Chris Evans, has formed a partnership with US medtech firm Interrad Medical Inc.
The Minneapolis-based company is the developer and manufacturer of the unique SecurAcath®, the world’s most effective device for securing catheters in hospital patients.
The partnership is the sixth investment of The Wales Life Sciences Investment Fund, managed by Arthurian which was specifically formed to act as General Partner of the fund.
The fund has made a GBP3 million investment in Interrad Medical Inc, acting as cornerstone investor in a financing through which the company will
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12 November, 2026 – 8:00 am
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