Allocations
Brightstar Capital Partners, a private equity firm that invests in closely held middle market companies, has closed its inaugural fund program in excess of GBP710 million of institutional capital from investors worldwide.
The sum is one of the largest first-time private equity fundraises in the last year, according to data from PitchBook. Commitments come from a diverse set of institutional investors including several university endowments, high net worth investors, pension funds, private foundations, family offices and insurance companies.
Andrew Weinberg, Brightstar’s Founder and Managing Partner, says: “We are gratified by the enthusiasm and extraordinary level of support the institutional
Aberdeen Standard Investments and 21 Partners has formed a new UK-based 50:50 joint venture (JV) – 21 Aberdeen Standard Investments Limited (21ASI) – to launch a direct EUR1 billion private equity fund later this year.
The investment strategy for the fund will target active non-controlling interests with a focus on providing patient capital for the long term. The fund aims to support and facilitate growth in companies without owners ceding majority stakes in their business.
Beyond funding, 21ASI will provide portfolio companies with the support to help them manage challenges including managing their growth, the potential for disruption within
eFront’s latest quarterly private equity data shows that LBO performance reached a 10-year high in 2017, while overall risk levels reduced and average time to liquidity improved.
According to eFront, LBO funds posted their best performance in a decade in 2017, while multiples on invested capital of active private equity funds reached an all-time high in Q3 at 1.486x, marking the ninth year of improving performance from a low of below 1.1x in 2009.
Overall risk continues to reduce, as measured by TVPI spread, stabilising at 1.313x – close to the all-time low of Q2 2017 (1.275x) and well
Funds managed by Equistone Partners Europe (Equistone) have invested in BOAL Group, a designer and manufacturer of high-performance aluminium greenhouse roof and side-wall systems for glass and poly greenhouses.
Equistone will acquire a majority stake in BOAL Group from its current CEO Ronald Boers and the founder of the business, Marinus Boers, both of whom will retain a minority shareholding. BOAL’s management team will also acquire a minority stake in the business. The financial terms of the deal are undisclosed and the acquisition remains subject to clearance from anti-trust authorities.
Headquartered in Naaldwijk, the Netherlands, BOAL Group has 48
Clearlake Capital Group has completed fundraising for Clearlake Capital Partners V (Fund V) with over USD3.6 billion in commitments.
Fund V exceeded its target and was substantially oversubscribed, reaching its hard cap. At over USD3.6 billion, Fund V is Clearlake’s largest private equity fund to date. This brings Clearlake’s total cumulative capital commitments since inception to more than USD7 billion. Fund V has already begun investing with several signed or closed transactions including Perforce Software, Diligent Corporation, Janus International, ProVation Medical, and Wheel Pros.
“We are thankful and humbled by the opportunity to prudently invest on behalf of our prominent and expanding
Ropes & Gray has advised Ensono, a hybrid IT services provider based in the US and Europe, on its USD405 million acquisition of a hosted data centre services business from Wipro Limited.
As a result of the deal, which was announced on 14 March 2018, Ensono – a portfolio company of Charlesbank Capital – has acquired eight data centres, employing over 900 people, significantly expanding its geographic footprint and global services capabilities.
The Ropes & Gray team was led by private equity partner Phil Sanderson, assisted by private equity lawyers Sonal Patel, Karla Agulgub and Folake Fani-Kayode, all based in London.
iM Square, a European investment and development platform dedicated to asset management, has secured a new financing commitment from Eurazeo, one of its founding shareholders.
Eurazeo is committed to support iM Square’s investments over the next few years and is expected to become its reference shareholder. Other founding shareholder Le Groupe Dassault/La Maison will also participate.
This new commitment will enable iM Square to acquire three to six additional participations in entrepreneurial active asset managers with USD1 to 20 billion of AUM, high growth potential and complementary strategies, such as alternative management. Most of the targeted asset managers are
Metro Bank has provided the highly prestigious Z Hotels with GBP18 million of funding. The capital will be used by the company to acquire a five-story office building just off Trafalgar Square in central London.
Branded as ‘The Urbanite Stay’, Z Hotels offers luxury hotel accommodation in prime city locations across London, Liverpool and Glasgow, and has plans to open a further two hotels in central London and Bath later this year.
Mark Stokes, Managing Director Commercial Banking at Metro Bank, says: “We’re delighted that we could provide Z Hotels with a swift and custom-made funding solution. We look
Compass Group Equity Partners has acquired Logic PD, a designer and developer of embedded and connected devices serving the aerospace, defence, control and automation, Internet of Things (IoT), and medical/life sciences markets.
Established in 1960, Logic has evolved into a leading provider of electronics manufacturing services offering a complete suite of product lifecycle management solutions. With integrated capabilities in research, design, engineering, quality, regulatory, manufacturing, and aftermarket services, Logic helps its clients identify opportunities, reduce risk, and control costs to deliver the next generation of innovative products into the world’s most demanding markets. Logic has manufacturing facilities in Eden Prairie,
Funds advised and managed by YFM Equity Partners (YFM), a specialist private equity fund manager, have backed an investment into Ncam Technologies Limited, a provider of innovative and leading Augmented Reality solutions for the entertainment industries.
YFM’s investment comes from its two advised VCTs, British Smaller Companies VCT plc and British Smaller Companies VCT2 plc alongside the YFM Equity Partners 2015 Co-Investment LP.
Ncam was founded in 2012 by Nic Hatch (CEO), Sam Boivin (CTO) and Brice Michoud (Senior R&D Engineer) to develop a unique augmented reality solution which combines patented camera tracking hardware that fuses data from multiple
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
