Allocations
Aon, a professional services firm providing a broad range of risk, retirement and health solutions, has completed its acquisition of The Townsend Group (Townsend), majority owned by Colony NorthStar, Inc.
Townsend is a provider of global investment management and advisory services primarily focused on real estate and real assets.
“We are excited to welcome the Townsend organisation into Aon and further enhance our investment solutions in areas that are of increasing importance to our clients,” says Cary Grace, chief executive officer of Global Retirement & Investment Solutions at Aon. “Working together, our combined teams will continue to expand our
Progressio SGR, a Milan-based Italian mid-market private equity investment specialist, has held the first close of Progressio Investimenti III with EUR86 million of total commitments and and over 50 per cent re ups from Fund II.
Fund III is targeting a fund size of EUR225 million, and Progressio expects to complete a final close by the end of Q2 2018.
Progressio will continue its strategy of investing EUR25m to EUR30m equity tickets in sectors of Italian “excellence”, especially in the fashion & luxury, chemical & pharmaceuticals, industrials and food & beverage.
Progressio Partners are delighted with the response in first
Brookfield Asset Management has held the final close on the Brookfield Infrastructure Debt Fund (BID) with aggregate equity commitments of approximately USD885 million, exceeding its target of USD700 million.
BID is Brookfield’s first investment vehicle focused on infrastructure debt, targeting mezzanine debt investments in high-quality core infrastructure assets primarily in North America, as well as in South America, Australia, and Europe.
Investors in the Fund are a diverse group of institutional investors, including public pension plans and financial institutions.
“We are grateful for the strong support we have received from our investors, whose contributions demonstrate that demand for infrastructure debt investing
A total of 106 companies floated on the London Stock Exchange’s markets in 2017, raising GBP15 billion, an increase of 63 per cent by number of IPOs and up 164 per cent by value of IPOs compared to 2016.
London Stock Exchange has surpassed all European exchanges this year by number of IPOs and money raised, ranking second globally by money raised.
London’s IPOs have become even more international in 2017, with nine of the top ten IPOs by size coming from outside of the UK. Twenty North American companies chose London for their listing, with the UK markets remaining
Octopus Group (Octopus) has increased its total institutional assets under management (AUM) by over GBP500 million in 2017, the business announced today. Octopus’ institutional AUM is GBP1.7 billion and its total overall AUM is over GBP7 billion.
As investors increasingly turn their attention to the long-term benefits of real asset investments, Octopus has successfully raised capital across several of its key investment strategies. This includes raising funds to invest in renewable energy on the back of Octopus’ track-record as one of the largest renewable energy investors in the UK. The business also completed further fundraises in commercial property and healthcare
An affiliate of Sun European Partners has entered into exclusive negotiations to sell Albéa, a specialist in the BPC packaging industry, to Funds advised by PAI Partners (PAI). The proposed transaction is subject to customary regulatory approvals.
Albéa provides a wide range of solutions for the make-up, fragrance, skincare, personal and oral care markets. The company’s product portfolio includes plastic and laminate tubes, mascaras, lipsticks, lip glosses, compacts, plastic closures and shells, spray-caps, jars, lids, cosmetic accessories, bags & promotional items. Albéa boasts 38 manufacturing sites in Europe, Americas and Asia, with global headquarters based in Paris.
Albéa was
SoftBank Group has completed its previously announced acquisition of Fortress Investment Group (Fortress) for USD3.3 billion in cash. Following the close of the transaction, SBG and its wholly-owned subsidiaries own all outstanding Fortress shares.
The completion follows the satisfaction of all conditions to the closing of the transaction, including approval of the transaction by Fortress shareholders on 12 July, 2017 and receipt of all necessary regulatory approvals.
As a result of the acquisition, each outstanding Fortress Class A share was converted into the right to receive USD8.08 per share in cash, with merger proceeds to be distributed in accordance with
KKR is to acquire PetVet Care Centers from Ontario Teachers’ Pension Plan, L Catterton, and other existing shareholders. Financial details of the transaction have not been disclosed.
PetVet provides a full spectrum of veterinary services ranging from preventative and primary care to emergency critical care and surgeries. PetVet works in partnership with over 600 board certified specialists and general veterinarians across its network of 125 locally branded hospitals in 22 states.
“PetVet partnered with Ontario Teachers’ because of its deep experience investing in multi-site healthcare platforms, and this transaction marks the next stage of our company’s evolution,” says Gino Volpacchio, Chairman
An affiliate of Sun Capital Partners is to sell Aclara Technologies (Aclara), a provider of smart infrastructure solutions for utilities, to Hubbell Power Systems in a deal worth USF1.1 billion.
Headquartered in St Louis, Aclara is a worldwide supplier of smart meters and other field devices, advanced metering infrastructure and software and services to more than 800 water, gas, and electric utilities. Aclara enables utilities to predict and respond to conditions, leverage their distribution networks effectively, and engage with their customers.
“We’re extremely proud that we were able to grow and transform Aclara by applying our deep experience in
GSO Diamond Portfolio Fund, a newly formed USD950 million investment fund sponsored by GSO Capital Partners (GSO), has closed on the previously announced acquisition of approximately USD2.4 billion in corporate loans and other credit investments from NewStar Financial (NewStar).
Immediately following the sale of these assets to the fund, NewStar was acquired by First Eagle Investment Management (First Eagle), a privately owned investment firm with USD116 billion in assets under management.
GSO believes this investment represents an attractive and unique opportunity for the Fund’s investors to gain access to GSO’s large and growing loan platform via a diversified and funded
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
