Allocations
Private investment firm Littlejohn & Co is to acquire Strategic Materials, an environmental services company and the largest glass recycler in North America, from Willis Stein & Partners and Vision Capital. Financial terms of the transaction have not been disclosed.
Headquartered in Houston, TX with a heritage that dates back more than 100 years, Strategic Materials is the industry leader in recovering and processing post-consumer and post-industrial glass in North America. Strategic Materials operates a network of 47 facilities across the U.S., Canada and Mexico and serves large and stable end markets, including glass packaging, fiberglass insulation, flat glass and highway
Private equity firm SFW Capital Partners (SFW) has made a strategic investment in DZone, Inc in partnership with DZone’s co-founders, Rick Ross and Matt Schmidt, who currently serve as the CEO and President/CTO, respectively.
SFW’s principals have supported the growth and development of some of the most successful and well-regarded analytical information, data network and knowledge management companies, including the Gerson Lehrman Group (GLG), AGDATA, MD Buyline, Keypoint Intelligence, Telephia and IAG Research. With SFW’s strategic support and resources, DZone plans to make significant investments to expand its product portfolio, enhance sales and marketing capabilities, access new markets, and meaningfully
SilverStreet Capital has held the third closing of Silverlands II, the successor fund to its original Silverlands Fund. SilverStreet Capital is a leading private equity investor in the agricultural sector. It has offices in the UK, South Africa and Zimbabwe.
Silverlands II, which is targeting a fundraising total of USD300 million, invests into the agricultural and food production sectors of Sub-Saharan Africa. In September 2016, it made its first acquisition being a table grape farm located in Aussenkehr, Namibia. It is expected to hold its final close in the first quarter of 2018.
It follows a similar strategy to
Investment group Infinity has seen its funds under management and advice surge to nearly GBP900m as it celebrates its 10th birthday. The group was launched in 2007 by Sarah Butler, Daniel Finestein and Phil Vickers with a maiden private equity fund of GBP15 million.
The firm has since expanded by adding property funds, debt funds and further private equity funds as well as by providing a fund management service for clients via positions on boards, investment committees and as trustees.
Infinity’s activities span the UK, Europe, the Middle East, the United States and the Caribbean.
Since 2014, the
Ruby Tuesday is to be acquired by a fund managed by NRD Capital (NRD), an Atlanta-based private equity firm that specialises in franchised and multi-location business investments.
Under the terms of the agreement, NRD will acquire all of Ruby Tuesday’s common stock for USD2.40 per share in cash and will assume or retire all debt obligations for a total enterprise value of approximately USD335 million, excluding transaction expense. The purchase price represents a premium of approximately 37 per cent over Ruby Tuesday’s closing share price on 13 March, 2017, the day before the Company announced its intention to explore strategic
Private equity firm LeapFrog has sold its 20 per cent minority stake in Mahindra Insurance Brokers Ltd (MIBL), to XL Catlin, a subsidiary of XL Group.
MIBL is a subsidiary of Mahindra & Mahindra Financial Services Ltd.
Since inception in 2004, MIBL has serviced over eight million insurance cases, safeguarding the livelihoods of millions across rural India by protecting their assets and loans taken for buying tractors and vehicles.
Ramesh Iyer, Vice-Chairman & Managing Director, Mahindra Finance, President – Financial Services Sector and Member of the Group Executive Board of the Mahindra Group, says: “Mahindra Finance is one
Global investment bank GCA Altium has acted as exclusive financial adviser to Mobysoft, a provider of predictive analytics software to the UK social housing market, on its minority investment from private equity house Livingbridge.
The deal represents GCA Altium’s 36th global transaction in the technology sector within the last two years (and 15th software transaction since the start of 2017), firmly positioning the business as the world’s largest tech-focused investment bank.
Mobysoft’s core product, RentSense, is a Software as a Service (SaaS) based predictive analytics tool which helps social housing landlords manage arrears collection more efficiently. Using a range
Cathay Innovation has invested in Beijing-based autonomous driving start-up Momenta, as part of a USD57 million Series B financing. GGV Capital also participated in this round.
The financing was was led by Nio Capital with participation from Daimler AG, Shunwei Capital, Sinovation Ventures and Unity Ventures. Momenta is the first-ever investment for Mercedes-Benz parent Daimler AG in a Chinese self-driving company. Cathay Innovation’s LPs also include world renowned tier-one companies that have shown great interest in self-driving technologies.
Founded in early September of 2016, Momenta is building the “brains” for autonomous vehicles. Its deep-learning based software in perception, HD
Castanea Partners has made a minority investment in Tatcha, a luxury skincare brand with a collection of products inspired by timeless Japanese beauty rituals.
Founded by Victoria Tsai in 2009, Tatcha offers a line of serums, moisturizers, mists, exfoliants, and cleansers. The Tatcha name is derived from tachibana, the classical Japanese art of flower arranging that features a single “standing flower”, representing the beauty of simplicity. This philosophy drives the company’s approach in creating pure, naturally-powered formulas. Tatcha’s collection is distributed through the company’s website, Sephora North America, QVC, and other domestic and international wholesale and specialty retail stores.
Illumina Ventures, an independent, early-stage venture capital firm, has raised USD230 million for its first fund. Illumina Ventures was launched in the summer of 2016 with an initial USD100 million investment from Illumina.
The balance of the funds has been raised from a mix of corporate, institutional, sovereign, and individual investors.
Illumina Ventures was founded by Nicholas Naclerio, PhD, who was formerly SVP of corporate and venture development for Illumina, where he was responsible for Illumina’s corporate strategy, business development, acquisitions, spin-offs, and venture investing. The new firm is managed independently from Illumina and is focused exclusively on genomics and precision
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
