Allocations
The total value of funds business in Guernsey grew by approximately GBP20 billion over the 12 months to the end of the third quarter of this year.
Figures from the Guernsey Financial Services Commission (GFSC) show that, at the end of September 2017, the net asset value of all funds under management and administration in Guernsey stood at GBP269 billion – an 8 per cent increase on September 2016. The figures also confirm two consecutive years of growth, with the net asset value of funds growing by nearly GBP25 billion between Q3 2015 and Q3 2016.
The annual increase was
Shore Capital Partners (Shore Capital) has sold The Stepping Stones Group (SSG) to Five Arrows Capital Partners (Five Arrows), with Shore Capital retaining a minority stake.
The Stepping Stones Group is a provider of therapy and education solutions to children with special needs and autism in educational settings. Led by CEO Anthony Rintala, SSG has approximately 900 clinicians providing services to over 300 school districts and 42,000 children across more than 20 states in the US.
Five Arrows Capital Partners is the North American corporate private equity business of Rothschild Merchant Banking (“RMB”), the investment arm of Rothschild &
The last couple of years have been a period of recovery for the EU. Since Q2 2016, GDP growth has been on an upward trajectory, having risen by 2.3 per cent year-on-year, according to Eurostat. That is even stronger than the US, which, by comparison, grew by 2.2 per cent.
A rising tide lifts all boats and in that respect, Italy has seen rising valuations and multiples, but it is fair to say that the country is still slightly lagging behind its EU neighbours including Germany and France.
Not that this is a bad thing. Indeed, for private equity
Equity investments made through the ENVESTORS investor network have surpassed GBP100 million in value.
To date, ENVESTORS has facilitated investments in 212 companies, with multiple funding rounds resulting in over 810 deals in those businesses. The average investment secured by these companies was around GBP475,000, with investors making an average investment of GBP40,000.
The company that secured the investment that broke ENVESTORS’ GBP100m threshold is CARELINELIVE, a cloud-based management platform for the domiciliary (home care) industry. CARELINELIVE successfully raised GBP330,000, the maximum funding required to support its platform. CARELINELIVE enables a care agency to run their entire business from
WillScot Corporation (Williams Scotsman) has acquired Onsite Space (Tyson Onsite) expanding its Ready to Work services to customers in the Midwest, most notably in Indiana, Illinois and Missouri.
The acquisition increases Williams Scotsman’s offering by approximately 1,750 units.
Brad Soultz, president and chief executive officer of Williams Scotsman, says: “We are excited to announce the addition of Tyson Onsite to our Company. Tyson Onsite is highly complementary to the Williams Scotsman market strategy and strengthens our position in key Midwestern markets. I am pleased to welcome Tyson Onsite employees to our Company and look forward to the many growth opportunities ahead
High Road Capital Partners’s portfolio company Midwest Wholesale Hardware has completed the acquisition of the assets of Strauss Lock Distributors (SLD).
Based in Des Moines, Iowa, SLD is a wholesale distributor of residential door hardware and security products. In addition to its Des Moines headquarters, the company operates distribution centres in Phoenix, Arizona and Charlotte, North Carolina. SLD provides expert customer service and tailored solutions for the residential builder market.
“SLD’s focus on the residential builder market and strength in the building products channel are tremendous complements to Midwest Wholesale Hardware’s extensive commercial and institutional offering,” sats Scott Rubino,
Cavendish Corporate Finance has advised on the sale of Tempcover Limited, a UK-based provider of direct to consumer, short-term motor insurance products to Connection Capital (Connection).
Founded in 2006 by Alan Inskip, CEO, Tempcover’s multi-carrier insurance offering enables customers to buy temporary motor insurance directly from the company’s website and select partners. Recently, the company has successfully launched additional temporary cover products to meet its growing customer base’s requirements.
Alan Inskip, CEO of Tempcover, says: “This new partnership is a very exciting opportunity for Tempcover to both consolidate its existing position and provide a platform for further growth into
Thompson Street Capital Partners (TSCP), a private equity firm based in St Louis, has partnered with existing management to recapitalise Gurobi Optimization (Gurobi) a Houston-based software provider.
Shea & Company served as the exclusive financial advisor to Gurobi. Terms of the transaction have not been disclosed.
Gurobi has developed a suite of optimisation products that fully exploit the latest mathematical, engineering and computing technologies to deliver industry-leading performance and robustness. The Company’s software libraries enable 1,500 companies in more than 40 industries to employ mathematical programming to build sophisticated decision support systems that can generate and evaluate a vast array of
Solace Capital Partners (Solace), a private equity firm focused on special situations investments in North America, has acquired tank and dome manufacturer CST Industries (CST).
Headquartered in Kansas City, MO, with a 125-year heritage, CST Industries provides storage systems, complementary or independent cover products, proprietary coating and lining services, field installation, inspection, maintenance and retrofit proficiency, to a wide range of end markets. The company has an installed base of more than 350,000 storage tanks and 18,000 covers across 125 countries. CST has nine sales offices across the United States, Mexico, Brazil, Spain, Argentina, UAE, Vietnam and Australia and operates
Kirkland & Ellis is advising funds managed by Oaktree Capital Management (Oaktree) on the acquisition of a stake in NL – HOLDING.
Oaktree is a leader among global investment managers specialising in alternative investments, with USD100 billion in assets under management as of 30 September 2017. The firm emphasises an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 900 employees and offices in 18 cities worldwide.
Founded in 2015, NL – HOLDING focuses on assisted reproductive
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
