Allocations
Alternative investment manager FS Investments is to create a joint venture with EIG Global Energy Partners (EIG), a global alternative investment firm focused on energy and energy-related infrastructure.
The joint venture is expected to create a platform with the scale, flexibility and energy industry expertise to offer energy and infrastructure companies flexible financing solutions across the capital structure. As a result, following the formation of the venture, the FS Investments/EIG team expects to generate enhanced deal flow – particularly directly originated deals – that positions the portfolio to create long term value for FS Energy and Power Fund (FSEP) investors.
Senseye Limited has raised GBP3.5 million at the close of a Series A funding round led by MMC Ventures, a venture capital fund investing in early stage, high growth companies. The round was also supported by existing investors Breed Reply, IQ Capital and Momenta Partners.
Named NMI Emerging Tech Company of the Year 2016, and highly commended for ‘Tech Business of the Year’ in the 2016 startups.co.uk awards, the company will use the capital to meet fast-growing customer demand for its Senseye automated condition monitoring diagnostics and prognostics product – the leading-edge software solution that enables industrial companies to easily predict the failure of machines months in advance.
Senseye’s cloud-based
UK private equity house Maven Capital Partners (Maven) has exited its investment in SPS (EU) Holdings Limited (SPS), delivering a 3x return on funds invested in 2014.
This transaction is the second profitable exit for Maven investors in as many months, following the sale of Crawford Scientific for 4.7x the initial investment in October.
SPS is the UK’s largest provider of promotional merchandise, supplying over 2,000 independent distributors in the UK and Europe. The Company operates out of a 90,000ft 2 site in Blackpool with manufacturing, branding and storage facilities, with two additional sites in Oxfordshire and Derbyshire. SPS
HIG Growth Partners (HIG), a dedicated growth capital investment affiliate of HIG Capital, has completed a strategic investment in Carlton One Engagement (Carlton), a global technology company specialising in the development of SaaS based solutions for global engagement, sales incentive, loyalty and reward management.
The Company’s two business segments include Power2Motivate (P2M), a SaaS enterprise engagement software for motivating, measuring, and rewarding desired behaviour, and Global Reward Solutions (GRS), a global reward platform with over 600 suppliers across more than 180 countries and territories.
“We are very excited to partner with HIG, whose domain expertise, extensive global resource base
SK Capital, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, has signed a definitive agreement to acquire the Fire Safety and Oil Additives Businesses (‘the Company’) of Israel Chemicals (ICL) for approximately USD1 billion.
The transaction is expected to close in the first half of 2018, before which a new trade name will be selected and announced for the Company.
The Businesses, headquartered in St. Louis, Missouri, have global operations and are market leaders in each of their segments. The ICL Fire Safety business is a formulator and manufacturer of fire management chemicals. Its
LDC, the UK’s leading mid-market private equity investor, has backed the management buyout of Lakelovers, a provider of luxury holiday cottages in the Lake District. The deal value is undisclosed.
Founded in 1977, Lakelovers is a property management and lettings agency specialising in premium holiday cottages across the Lake District. Headquartered in Windermere, the business manages more than 500 holiday properties, providing an end-to-end property management service that includes marketing, maintenance and bookings support, alongside bespoke legal, financial and regulatory advice, through its network of high-street branches.
The management buyout was led by CEO Paul Liddell who has overseen
LUX Fund Technology and Solutions (LUX FTS), a business and technology solutions provider for the alternative asset industry, has secured a Series A Financing from Credit Suisse Asset Management’s NEXT Investors, a New York-based firm that identifies minority growth equity investment opportunities in private technology and services companies.
The USD6 million investment will be used to fuel growth of Transcend, the company’s flagship SaaS-based front-to-back office automation technology platform.
“It’s time to raise the bar for hedge fund technology solutions, and we are pleased to partner with NEXT Investors to build out Transcend with new product and growth initiatives,”
Cathay Capital has held the first closing of its CarTech Fund, a new investment vehicle – and Cathay’s first RMB fund – to invest in the automotive and mobility ecosystem in China.
Launched with the support of cornerstone investors Valeo and Yangtze River Industry Fund, Cathay CarTech will rely on Cathay Capital’s global vision and unique platform to foster the development of innovative technologies and business models. The CarTech Fund will focus on China and invest a total of 1.5 billion yuan (~200 million euros) in the innovative companies within the next four years.
China is the world’s largest
Caphaven Partners, a London-based private equity firm, has acquired a significant minority stake in Deutsche Prüfservice (DPS), a German electrical testing provider. Terms of the transaction have not been disclosed.
Founded in 2015 by Christoph Ulrich Püttmann and based in Erkrath near Dusseldorf, DPS has rapidly grown to become one of the three largest providers of electrical operational safety testing. DPS currently employs more than 170 people and has over 340 customers including SMEs and blue-chip corporates listed on the German DAX. The Company is supported by an advisory and investor board, which includes Dieter Heuskel, former head of Germany
Align Capital Partners (ACP) has completed the majority acquisition of Barrow-Agee Laboratories, (Barrow-Agee), a niche market leader in the food safety and testing industry.
This represents ACP’s second acquisition of the quarter, and the fourth platform company acquisition since the firm’s first fund closed in September 2016.
Barrow-Agee is a trusted provider of microbiological and analytical chemistry testing services in support of food safety and the analysis of foods, ingredients, nutraceuticals, feeds, animal fats and vegetable oils. The Company’s Memphis, Tennessee lab provides consistent, reliable and affordable testing services for blue-chip customers who rely on the Company’s expertise to
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
