Allocations
Abacus Group, a provider of managed IT solutions and infrastructure to the financial services industry, has secured a minority growth investment from WestView Capital Partners, a Boston-based private equity firm focused on middle market growth companies.
Abacus will continue to be majority-owned and operated by the Company’s senior management team.
Chris Grandi, co-founder and CEO of Abacus, says the company added 51 new clients in the first half of 2017 and continues to grow at a rapid pace. Founded in 2008, Abacus has established a large presence in the alternative investment management segment of the financial services industry, with
Boyne Capital Partners has partnered with management to acquire AmeriBest Home Care, a homecare company serving the senior and disabled communities throughout Pennsylvania.
Omar Khanataev, CEO, will continue to lead the Company’s daily operations. The AmeriBest transaction represents the most recent platform investment in BCM Fund I. Boyne Capital is dedicated to investing in the lower middle market sector, specifically companies with revenues of less than USD100 million and with EBITDA of USD2 million to USD10 million.
According to the Boyne Managing Partner, Derek McDowell: “We are very pleased to partner with Omar Khanataev and the team at AmeriBest
Cleary Gottlieb is assisting Alpha Private Equity in the disposal of a significant shareholding in Caffitaly, a company active in the manufacturing and marketing of coffee capsules and coffee machines, to Compagnie Nationale à Portefeuille (CNP), at the end of an auction procedure.
The transaction, which was announced on 14 July and is subject to clearance by the competent antitrust authorities, contemplates the reinvestment by Alpha funds and Caffitaly’s founder, Sergio Zappella, alongside CNP.
The Cleary Gottlieb team assisting Alpha comprises Roberto Casati, Gerolamo da Passano, Cristina Dionisio, Mattia Paglierini, Gianluca Atzori and Caterina Marchionni on corporate aspects and
Finstar Financial Group will invest USD150 million into new financial technology startups over the next five years, Oleg Boyko, the Chairman of Finstar, has confirmed. The money will also be used for research and development (R&D) within the Group’s portfolio companies.
Global investment in financial technology startups increased to USD12.7 billion last year, according to the CB Insights Global Fintech Report 2016. Finstar is at the vanguard of this swift growth, with its global presence and wealth of experience in the sector. The pledge to invest USD150 million into fintech startups and in-house R&D is part of the Group’s wider
Hotels & More, a Inbound Tour Operator for group tours and individual travellers to the United Kingdom and Ireland, is pleased to announce a merger with Irish Welcome Tours, one of Ireland’s leading Inbound Tour Operators.
The agreement brings together two highly complementary businesses to create a market leading operator across both the UK and the Republic of Ireland. The deal builds on the sustained rapid growth achieved by Hotels & More since it was backed by Mayfair Equity Partners (‘Mayfair’) in a buyout in October 2015. Irish Welcome Tours, and its affiliated brands, were advised on the merger by
Qumra Capital, Israel’s leading late stage capital provider, has held first closing of Qumra Capital II. With commitments of USD115 million, mainly from existing investors of Qumra I, Qumra intends to cap the fund at USD150 million.
Qumra Capital was founded in 2014 by Erez Shachar, Boaz Dinte and Sivan Shamri Dahan that have worked together at Evergreen Venture Partners, one of Israel’s leading Venture Capital funds. Shachar and Dinte were Managing Partners at Evergreen. The partners were joined by Daniel Slutzky who serves as the fund’s CFO and was previously Benchmark Israel’s Operating Partner and CFO.
With this
Barings has held the final close of its GBP1.3 billion Barings Global Private Loan Fund II, marking the conclusion of a successful capital raise within six months of launching the effort.
The fund, which attracted 26 investors from 11 countries, will invest primarily in global private senior secured corporate loans.
“Barings seeks to build lasting partnerships with our investors by adapting to their changing investment needs, and the success of our capital raise for Global Private Loan Fund II is a strong endorsement of the truly global strategy we have developed over more than two decades of investing in
BGF (Business Growth Fund) has invested GBP6.5 million in private-owned, Scottish catering company Entier.
The Westhill-based company in the North East of Scotland plans to expand its overseas operations, building on its existing work at 38 remote locations in 23 countries. The business already has a presence in Australia, Canada, Singapore, Trinidad and Tobago, and the United States, and last year picked up a Queen’s Award for Enterprise for International Trade.
Revenues grew by 13 per cent in the year to 30 September 2016 to GBP44.9 million despite the industry downturn in the prices of oil and gas, with
Funds managed by Gamut Capital Management, a New York-based middle market private equity firm, are to acquire JPW Industries and its global affiliates (JPW), a manufacturer, designer and distributor of a wide range of machinery and equipment under the JET, Powermatic, Wilton, Edwards and Promac brands, from Tenex Capital Management.
Headquartered in La Vergne, Tennessee and founded in 1958, JPW’s branded specialty shop tools and equipment serves a broad range of applications and end markets. JPW products include metalworking and woodworking machinery, vises and clamps, ironworkers, lifting systems, air and hand tools and related parts and accessories. JPW operates in
Twin Brook Capital Partners (Twin Brook), the middle-market direct lending subsidiary of Angelo, Gordon & Co, has held the final close of AG Direct Lending Fund II with total capital commitments of USD1.6 billion, exceeding the Fund’s target by USD600 million.
Total equity capital raised for this second fund when including separately managed accounts exceeds USD2.3 billion.
AG Direct Lending Fund II will seek to capitalise on the long-term investment opportunities in middle-market direct lending by sourcing, underwriting, and actively managing a diversified portfolio of middle market, floating rate, senior secured loans with a focus on first lien secured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
