Deals
Investment Management Group (IMG), a Moscow-based private equity real estate fund manager, has concluded bank financing for its two investee retail projects for the total amount of USD246.7m.
A long-term financing agreement for USD218m has been signed with the Russian Sberbank to finance the construction of Zelenopark project, a retail centre of approximately 100,000 square meters GLA, developed in partnership with PGP Development in Zelenograd, Moscow region.
The project’s size, favourable location next to the existing and new Moscow-St. Petersburg highways, and tenant composition will make it a destination for shoppers.
IMG invested in the project through
Private equity firm North Castle Partners has completed the sale of Caleel + Hayden Holdings, dba gloProfessional.
The terms of the transaction have not been disclosed.
gloProfessional is a developer and marketer of mineral-based cosmetics under the glominerals brand and premium skin care under the glotherapeutics brand. glo serves over 5,000 dermatologists, cosmetic surgeons, aestheticians, spas and salons both domestically and internationally, as well as select specialty retailers. In addition, the company recently launched to the same customer base a line of hair care products under the gloessentials brand name.
gloProfessional reaches its customers through a proprietary
Brazos Private Equity Partners, a Dallas-based private investment firm, has invested in European Wax Center (EWC), a provider of facial and body wax treatment services through its network of franchise stores.
Financial terms of the transaction have not been disclosed.
Existing management, led by co-founders David and Josh Coba, who serve as chief executive and chief operating officer, respectively, will continue to run the company and will retain a significant equity stake in the business. Princeton Ventures, a private investment firm based in Princeton, New Jersey, invested alongside Brazos in this transaction.
Based in Hallandale, Florida, EWC
ACAS CLO 2013-1, an affiliate of American Capital, has closed on the sale of USD414m of collateralised loan obligation bonds. The transaction was arranged by Deutsche Bank Securities.
The CLO is externally managed by American Capital Leveraged Finance Management, a subsidiary of American Capital Asset Management, a wholly-owned portfolio company of American Capital, for an annual management fee of 50 basis points of total assets.
The CLO has primarily invested the proceeds of the bonds in broadly syndicated senior secured loans purchased in the primary and secondary markets.
"We are pleased that we materially improved pricing on the financing
GenNx360 Capital Partners, a private equity firm focused on investing on middle market industrial business-to-business companies, has acquired Horsburgh & Scott (H&S) for an undisclosed amount.
Horsburgh & Scott is a custom gearing manufacturer for the global marketplace. H&S manufactures, repairs, and services highly-engineered, customer specific industrial gears and gear drives for more than 400 customers throughout the world. It is one of a few companies that is both capable of, and specialising in, the manufacturing of medium and large diameter gears (up to 25 ft. in diameter) for a variety of end markets including steel, mining, wind, rail, and sugar.
Aquiline Capital Partners, a New York-based private equity firm investing in the financial services sector, and Genstar Capital, a middle market private equity firm based in San Francisco, are to acquire Genworth Wealth Management from Genworth Financial for USD412.5m.
The sale by Genworth includes both of Genworth Wealth Management’s businesses: Genworth Financial Wealth Management (GFWM), an investment management and consulting platform, and Altegris, a provider of premier alternative investments.
GFWM primarily provides a growing universe of independent financial advisors with comprehensive support across every phase of their practice, helping them to meet clients’ wealth management and investment needs.
Private equity firm GMT Communications Partners’ portfolio company MeetingZone has completed its third bolt-on acquisition in 18 months.
MeetingZone, the independent global audio/web conferencing and collaboration services provider, has acquired Atia Communications, the UK based provider of Unified Communications (UC) services and a Microsoft Lync 2010 accredited specialist.
The acquisition enables MeetingZone to build on its portfolio of products and services to address the rapidly growing UC market with Atia’s Microsoft Lync solutions, in addition to its current range of Cisco WebEx services.
UC combines voice, video, instant messaging, mobile voice and data and other multimedia services in
Electra Private Equity has reported an uplift in its diluted net asset value per share of 33p as a result of the successful IPO of UK motor insurer esure, its third largest investment at 30 September 2012.
In 2010, Electra invested GBP30m (via the Tosca Penta Investments LP fund) in the management buyout of esure from Lloyds Banking Group, led by Peter Wood, founder and executive chairman of esure. GBP15.3m of Electra’s original investment had been repaid prior to the IPO.
As a result of esure’s IPO, Electra is due to receive further cash proceeds of GBP51.5m. In
Argon Medical Devices, a portfolio company of private equity firm RoundTable Healthcare Partners, is to acquire the Interventional Products Business of Angiotech Pharmaceuticals.
The Interventional Products Business manufactures and markets disposable and re-usable biopsy products for the diagnosis of cancer, drainage catheter products, and vascular interventional products. The transaction is expected to be completed prior to the end of April 2013 subject to customary closing conditions.
The acquisition of the Interventional Products Business bolsters Argon’s existing portfolio of interventional vascular products, adds additional biopsy product lines, and further leverages the company’s sales force within core call
FPI Innovation Fund has attracted and arranged a co-investment of EUR10m into ANF Technology, the producer of NAFEN, the first ever superior-grade aluminium oxide nano fibre to be produced at commercially viable industrial volumes.
FPI typically invests directly at the earliest stage in a company’s development, when risks are higher but competition and required capital commitment are much lower.
In the case of ANF Technology, FPI has subsequently attracted sophisticated co-investors at a later stage when risks have been reduced, business strategy developed and the core team has been built.
This current third round of funding represents
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
