Allocations
Aurelius Equity Opportunities SE & Co has acquired Norwegian automotive aftermarket wholesaler Hellanor from Nordic Forum Holding, a 100 per cent subsidiary of HELLA.
Headquartered in Skytta near Oslo, Hellanor generates circa EUR70 million in revenues with approximately 250 employees.
The transaction is scheduled for completion in the fourth quarter of 2018.
Hellanor supplies its customers, typically automotive workshops, car dealerships and local wholesalers, with spare parts from its central warehouse in Skytta as well as from 19 branches across the country. In addition, Hellanor offers workshop franchise concepts to its clients under its own AutoMester brand as
Design-led SME housebuilder Backhouse has secured a GBP50 million investment from alternative asset manager Cheyne Capital to support major growth plans for the company in 2019 and beyond.
This new investment by Cheyne Real Estate Credit (CRECH) Fund V – Opportunistic takes the form of a joint venture, giving Backhouse access to the capital required for the next phase of its expansion as it pursues its ambition of delivering 500 houses a year by 2022.
It follows previously-formed joint ventures with the Housing Growth Partnership on two of Backhouse’s current sites in Castle Cary and Westbury. Rob Turner of
An affiliate of LibreMax Capital (LibreMax), an asset management firm specialising in structured credit, is to acquire Trimaran Advisors, a US-based investment manager with expertise in managing collateralised loan obligations (CLOs), from KCAP Financial (KCAP).
Trimaran currently manages six CLOs with approximately USD3 billion of assets under management. Following the close of the transaction, Trimaran’s Chief Investment Officer and head of its CLO platform, Dominick Mazzitelli, will continue to lead the business, supported by the existing management team.
“Trimaran is a well-respected CLO manager with a seasoned team of investment professionals, whose strategy complements our deep structured credit expertise,”
Willdan Group has completed its previously announced acquisition of Lime Energy Co, a national provider of energy solutions for utilities and their commercial customers.
Under the terms of the agreement, Willdan acquired all of the outstanding shares of capital stock of Lime Energy for USD120 million in cash, exclusive of customary holdbacks and adjustments.
Willdan expects the acquisition of Lime Energy to further expand and diversify Willdan’s customer base and to better position Willdan to take advantage of anticipated upcoming contract and budget expansions in California and the Northeastern United States.
The Riverside Company, a global private equity firm, has added Atlas Knowledge (Atlas) to its Mintra Group platform. This is the second add-on for Mintra since Riverside’s 2014 investment in the company.
Headquartered in Aberdeen, Scotland, Atlas provides digital learning solutions for safety critical industries, primarily for the oil and gas sector. The company offers e-learning courses as well as a learning management system and a competence assurance management system that is sold globally.
“The acquisition of Atlas creates a powerful leader in the global oil and gas e-learning market,” says Riverside Managing Partner Antonio Cabral. “Atlas brings a
O’Melveny has represented Finisar Corporation (NASDAQ: FNSR), a global technology specialist in optical communications, in a definitive agreement under which II-VI Incorporated (NASDAQ:IIVI), will acquire the company in a cash and stock transaction valued at approximately USD3.2 billion.
The O’Melveny team was led by David Makarechian, Silicon Valley Partner and Chair of the Firm’s Emerging Technologies Practice, and San Francisco counsel Noah Kornblith.
The transaction is expected to close in the middle of calendar year 2019, subject to approval by each company’s shareholders, antitrust regulatory approvals, and other customary closing conditions.
The combination of II-VI and Finisar would
Moneypenny, the UK’s leading outsourced communications provider delivering telephone answering, live chat, switchboard and multichannel customer services, is partnering with private equity investor ECI Partners to help drive the next stage of the company’s growth.
ECI’s significant investment will support Moneypenny’s ambitious plans to substantially grow its turnover by expanding across its core markets in the UK and USA. The details of the transaction are undisclosed.
Moneypenny is the market leader and fastest growing company in its sector, with 700 staff and a turnover of GBP33 million. It delivers outsourced telephone answering, live chat, switchboard and a host of
Aquila Capital is to acquire a portfolio of 21 operational small-scale hydropower plants located in Northern and Central Portugal with a total capacity of approximately 100 MW from EDP. The investment marks Aquila Capital’s first step into Portugal’s hydropower market.
Aquila Capital is already active in the Iberian Peninsula’s integrated energy market, operating from its Madrid office. This latest transaction follows Aquila Capital’s first investment in Portugal’s renewable infrastructure, which was the acquisition of a PV portfolio with a capacity of 170 MWp at the end of 2017.
The new hydropower portfolio consists of 14 run-of-river units and seven
IK Investment Partners’ (IK) IK Small Cap II Fund has completed its first transaction in the Benelux by acquiring 2Connect, a leading manufacturer of specialised cables and connectors, from the van der Put family.
Financial terms of the transaction, which sees the firm’s founder reinvest alongside the fund, have not been disclosed.
2Connect designs, develops and produces tailored interconnection solutions for OEM and ODM customers worldwide. The product portfolio includes specialised designed cables, moulded connectors, electronic packaging and interconnection modules. Founded in 2000, the company prides itself on setting new standards for interconnection solutions by designing high quality
Following the initial boom of liberalisation, new restrictions are having a severe cooling effect on the nascent international Chinese PERE market – fund managers that are in it for the long-haul will need to up their game during this period of tightening, writes Jimmy Leong, Managing Director in Asia, at Augentius.
The first summer – figuratively speaking – of the newly liberalised Chinese PERE market has come to a definitive close. The historical (if piecemeal and partial) opening up of the domestic market to foreign funds and managers understandably caused a bit of a gold rush effect, with the number
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