Allocations
Guernsey Finance, the promotional agency for the island’s finance industry, has welcomed the launch of the new multi-million pound Guernsey Investment Fund.
Guernsey’s government, The States of Guernsey, is the major seed investor in the fund, providing GBP25 million backing, and further investment is being sought from the private sector. The fund aims to make a return for investors while investing in projects and companies with a Guernsey focus.
Guernsey Finance Chief Executive Dominic Wheatley (pictured) says that the move will be a boost for business in the island and was a demonstration of confidence in the island’s economic
Private equity firm Agilitas has backed the management buyout of Hydro International Limited (Hydro), a provider of products, services and technology for the treatment of wastewater and the control of stormwater, for municipal, industrial and construction customers.
Hydro is headquartered in the UK, with significant US operations, and has operated in the water management sector since the 1980s.
Hydro’s wastewater division provides products and services for wastewater treatment plants and is the US technology leader in grit removal equipment, whilst its stormwater division focuses on control, storage and quality management for stormwater run-off.
The company employs 219 staff,
Yield Lab Europe, an AgTech accelerator programme has opened for applications from start-up companies for its 2018 programme.
Yield Lab will support up to eight companies with an investment of EUR100,000 and an intensive mentoring and training programme to help them turn their ideas into successful internationally scalable businesses.
This is the second year of the European programme for the Yield Lab, which mirrors sister programmes in the US and Latin America in offering early stage venture capital to companies in the AgTech sector, with a particular focus on businesses addressing issues of environmental sustainability and food security.
Affiliates of private investment firm Rhône Capital are to acquire Brazilian steakhouse chain Fogo de Chão in an all cash transaction valued at USD560 million.
The Company’s stockholders will receive USD15.75 per share, representing a 25.5 per cent premium to the closing share price of the Company’s shares on 16 February, 2018.
“After a thorough evaluation of the options available, the Board of Directors is confident that this transaction will provide Fogo a significant opportunity to realize the highest value for our stockholders while providing the best path forward for the Fogo de Chão brand, employees, and loyal customers,”
Gen Cap America, a private equity firm focused on lower middle market buyouts, has sold Myco Trailers (Myco) to Propst Development.
Terms of the transaction have not disclosed.
Myco was founded in 1974 and is a leading provider of custom designed boat trailers marketed exclusively to the high performance boating industry (offshore racing, fishing and poker run recreation) and to various governments for military use. The company distributes to both a national and international client base. Gen Cap America acquired Myco in March of 2007 partnering with management to buyout the previous owner.
Chris Godwin, Managing Director at Gen
Offshore law firm Carey Olsen has advised SoftBank Group Corporation and its Vision Fund on the USD865 million investment into Katerra, a construction technology startup.
SoftBank Vision Fund LP, which made headlines when it became the world’s largest ever investment fund after raising USD93 billion in committed capital last year, has made several technology-focused investments since it launched.
Michael Marks, chairman and co-founder of Katerra, said the Vision Fund investment now put Katerra’s valuation at more than USD3 billion, while the company also had about USD1.3 billion in bookings for new construction projects. Katerra, a three-year-old Silicon Valley startup,
The second Basalt Fund (Basalt II) has reached its final close with total commitments of USD1.285 billion. Basalt II is an infrastructure equity investment fund focused primarily on investments in utilities, energy and transport infrastructure, in the United States, Canada and Western Europe.
Basalt II represents a continuation of the investment strategy deployed by the first Basalt Fund which has now been fully deployed.
The capital raising for Basalt II generated significant interest from a broad mix of global institutional investors, including public and private pension plans, sovereign wealth funds and fund of funds, culminating in demand in excess
DA Davidson & Co, a US full-service investment bank, and MCF Corporate Finance, a European independent M&A advisory firm, are teaming up in a bid to strengthen their capacity and relationships for origination and execution of transatlantic mergers and acquisitions.
The companies say the co-operation will be beneficial to all clients of DA Davidson and MCF, particularly Private Equity sell-side investors and their portfolio companies looking for strong transatlantic deals, expertise and coverage.
The collaboration between the two entities is exclusive and will operate under the common brand of DA Davidson MCF International. DA Davidson and MCF Corporate Finance
Global private equity firm HIG Capital (HIG) has closed the sale of Pet Food Holdings, the parent company of Pro-Pet LLC, to Cargill, Inc.
Formed in 1996 and headquartered in Kansas City, KS, Pro-Pet specialises in the manufacturing of premium and super-premium, private label dry dog and cat food for distribution domestically and around the world. The Company maintains relationships with several leading retailers that are interested in a high quality, secure source for private label pet food, most often sold under brand names owned by the retailers.
“During the course of our involvement, Pro-Pet has invested significant capital
East Kilbride-based SHE Software has secured a GBP3 million growth capital investment from NVM Private Equity (NVM) as it prepares to enter international markets with its health and safety software and create over 50 new jobs by the end of 2018.
SHE Software will use the funding to open up 15 highly skilled jobs in a new office in the US and has ambitious plans to double the size of its development and support teams at its Scotland HQ, where it currently employs 60 staff.
Led by CEO Matthew Elson, SHE Software is the creator of Assure, a software
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
