Allocations
Swarm Fund, the blockchain for private equity, has announced its second Real Estate fund, the Viejo San Juan Comunidad RE Holdings Fund.
The fund, available to Swarm Fund’s accredited investors, will target redevelopment of property and other projects in the ‘Old San Juan’ section of San Juan, Puerto Rico, serving both the traditional community housed there and the new ‘crypto community’ beginning to emerge, with a focus on market-rate office space, short-term residence and other properties.
The real estate asset-backed fund, which was opened last year, is led by the management team of Stephen Inglis and Mercy Zayas, veterans
Abacus Group, a provider of hosted IT solutions and application hosting for alternative investment firms, has reported a 21 per cent increase in revenue in Q1 2018 compared with the same period in 2017.
The growth is attributed to winning a large number of new clients for its signature AbacusFLEXä IT-as-a-Service solution as well as new application hosting clients. Abacus Group also recently announced it has tripled its UK client base and was selected by TraderTools to host its FX trading network in the Abacus Private Cloud in both the US and the UK. Over the last 10 years since
Palmer Square Capital Management, an asset management firm that provides portfolios of corporate credit, structured credit and alternative credit strategies to a wide range of institutional and high net worth investors, has surpassed the USD5.0 billion assets under management mark ending the first quarter of 2018 at approximately USD5.5 billion.
Christopher D Long, President of Palmer Square, says: “We are incredibly proud of this accomplishment as we believe we have achieved this growth not only due to our continued strong risk-adjusted investment performance, but also the increased investor recognition of the depth of the Palmer Square team, investment process and
Elaghmore Partners, a UK-focused private equity firm, has acquired Priden Engineering Limited (Priden) for an undisclosed multi-million-pound sum.
Based in Wisbech, Cambridgeshire, Priden delivers bespoke engineering solutions to leading companies in a host of sectors including Pneumatic Vehicles, Commercial Bodies, Truck and Bus, Food Industrial Engineering as well as providing financial services for customers of its truck and trailer division.
Founded in 1988, Priden Engineering provides among other things a complete range of aluminium and stainless-steel products for commercial vehicles, stainless steel systems for the food industry such as individual machines and full production lines and is the chief
Bain Capital Private Equity has acquired World Wide Packaging, a provider of cosmetic packaging components, plastic tubes, and formulation/filling technologies.
The firm has agreed to purchase a Chinese cosmetics packaging manufacturer and plans to merge the two companies to form a fully integrated solutions provider. Bringing together World Wide Packaging’s strong design capabilities, rich library and fast turnaround times, with reliable manufacturing capabilities in China, the combined entity will be well-placed to provide innovative solutions to beauty brands in the US and beyond.
Established in 1980, World Wide Packaging provides the cosmetics and personal care industries with a complete range
Innova Capital, a private equity fund in Central and Eastern Europe, has confirmed the first close of its Innova/6 fund at EUR194 million, thereby significantly exceeding the minimum target of EUR150 million.
At the same time, within twelve months up to the first close, Innova has achieved as much as 60 per cent of the hard cap set out at EUR 325 million.
Over 60 per cent of the committed capital came from LPs in the company’s prior funds, with remaining commitments provided by new investors. Half of the capital raised came from commercial investors, while the other half from
Equistone Partners Europe Limited (Equistone), one of Europe’s leading mid-market private equity investors, sees a strong pipeline of robust mid-market companies in France, Germany, Switzerland and the UK in need of capital to support their growth.
In a market environment with over USD1 trillion in dry powder, seeking out attractively valued companies whose book prices have not been overinflated by market sentiment, is a tall order. But Europe’s middle market remains vibrant, with PE managers like Equistone scanning the universe to pick out potential star investments.
And it appears as though investors have full confidence in the asset class. Just
ITC Secure (ITC), an assured IT, cyber advisory and managed security service provider (MSSP), has acquired SBD Advisors (SBD), a Washington DC-based strategic advisory firm.
ITC is a portfolio company of C5 Capital, an investment group focused on cyber security, cloud computing and artificial intelligence.
The purchase of SBD represents the next step in the ongoing expansion of ITC’s advisory practice and follows ITC’s acquisition of the G3 Cyber Consulting team in January 2018. SBD, which focuses on identifying and connecting private sector innovation to meet national security challenges, brings top Washington D.C.-based business, political risk and strategic communications
Following an approval by regulatory authorities, ARX Equity Partners (ARX) has exited its investment in Czech producer of specialised electrical motors VUES Brno (VUES) via a EUR53 million sale to Moog Inc.
ARX’s investment in VUES generated an overall 11.8-times cash-on-cash return multiple and an IRR of over 30 per cent.
ARX acquired a majority shareholding in VUES from retiring managers in 2006, with the intention to leverage the company’s inherent technical strengths and capabilities in order to grow and further internationalise the business. Over the past eight years VUES expanded its profit margins considerably, while simultaneously doubling sales
Anvil International (Anvil), a North American manufacturer and supplier of products that connect, hang and support piping systems, has acquired the assets of FlexHead Industries and SprinkFLEX from Atkore International Group Inc.
Anvil is a portfolio company of middle market private equity firm One Equity Partners (OEP).
Financial terms of the transaction have not been disclosed.
Headquartered in Holliston, Massachusetts, FlexHead Industries and SprinkFLEX manufacture adjustable steel hoses, brackets and fittings for fire safety systems used in commercial buildings, hospitals, schools, government buildings and other facilities. Both companies will retain their existing brand names under Anvil’s ownership.
“FlexHead
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
