Allocations
Funds managed by Blackstone Real Estate Partners and Blackstone Tactical Opportunities are to acquire International Market Centers (IMC), an owner and operator of premier showroom space for the furnishings, home decor and gift industries, from Bain Capital Private Equity, and funds managed by Oaktree Capital Management.
Fireside Investments is also expected to partner with Blackstone in the acquisition. Financial terms of the transaction have not been disclosed.
International Market Centers operates 12.2 million square feet of exhibition space in High Point, NC and Las Vegas, NV.
“This marks an exciting time for International Market Centers,” says Robert Maricich,
Middle market private equity firm Dubin Clark & Company has held the closing of DCCP Fund II. The Fund was oversubscribed and exceeded its USD100 million target of total capital commitments.
Dubin Clark, with more than USD270 million under management, seeks to make control equity investments in US lower middle-market companies in the business services, niche manufacturing, and specialty rental sectors.
Dubin Clark will continue to leverage its reputation for successful partnerships with family-owned businesses, utilising its Principals’ expertise and network of operational advisors to professionalize and grow lower middle-market businesses. DCCP II successfully raised capital with a cross-section
ItalMatch Chemicals, a Global Specialty Chemical Group, with leadership in the production and marketing of performance additives for lubricants, industrial water & process treatment, oil & gas, and plastics, has acquired the French company Magpie Polymers, a startup that has developed an advanced and patented technology for selective filtration to recover precious metals.
This latest-generation technology captures metals, such as palladium, platinum, silver and gold, that would otherwise be lost.
The investment in such a highly innovative technology allows ItalMatch Chemicals to further consolidate its focus on industrial water & process treatment, thus expanding and refining the current production
KKR has sold Capsugel to Lonza for USD5.5 billion. As part of the sale, approximately USD35 million of proceeds were distributed to non-management level employees of the company, including all colleagues from the company’s thirteen manufacturing facilities around the world.
All Capsugel employees globally participated in the distribution of proceeds from the sale.
“Capsugel was a terrific outcome, not only in terms of the financial results for our fund investors, but also in the way we and the management team and all of the company’s employees partnered together to really drive a transformation of the company,” says Pete Stavros,
LDC-backed Fishawack Group of Companies, a specialist provider of scientific communications services to global pharmaceutical companies, has acquired the US-based Carling Group of Companies. The transaction value has not been disclosed.
The Group includes Carling Communications, a full-service healthcare marketing and communications agency, and MCME Global, the specialist provider of medical education services. Both businesses are headquartered in San Diego.
Founded in 2010 by Didi Discar, and with offices in San Diego and London, Carling has a team of more than 100 people specialising in full-service marketing, advertising and physician communications. It supports clients across the pharmaceutical, biotechnology and
Middle market private equity firm Stellex Capital Management (Stellex) has held the closing of its debut fund, Stellex Capital Partners (the Fund), with aggregate commitments of USD870 million, exceeding the Fund’s USD750 million target.
Stellex has a flexible investment strategy that executes deep value control-oriented middle market investments through structured private equity buyouts or purchases of secondary market debt. Stellex’s target investment size is USD25 million to USD100 million, with additional capacity as needed. Stellex primarily focuses on manufacturing and service businesses within sectors such as automotive, aerospace, building products, defense, industrial equipment, metal fabrication and transportation.
To date,
MidOcean Credit Partners, an affiliate of MidOcean Partners, a premier New York-based alternative asset manager, has closed a USD600 million collateralised loan obligation (CLO), MidOcean Credit CLO VII.
The transaction was led by Goldman Sachs & Co.
The CLO will be backed by a portfolio of primarily senior-secured leveraged loans and will have a four-year reinvestment period and a two-year non-call period. The transaction is MidOcean’s first CLO structured to comply with US risk-retention rules.
Jim Wiant (pictured), Managing Director at MidOcean Credit Partners, says: “The successful closing of CLO VII, MidOcean’s largest CLO to date, demonstrates our
The Luxembourg Stock Exchange (LuxSE) has listed the first ever Reserved Alternative Investment Fund (RAIF). The new RAIF was brought to market by Finexis and has been listed on the Euro MTF market.
RAIFs are a new type of vehicle that combine the characteristics and structures of specialised investment funds (SIFs) and investment companies in risk capital (SICARs) qualifying as Alternative Investment Funds (AIFs). However, unlike traditional AIFs, RAIFs are not subject to approval from Luxembourg’s regulator, the Commission de Surveillance du Secteur Financier, also known as the CSSF.
The Law of 23 July 2016, which came into effect
The London Stock Exchange has seen nine fund IPOs on its markets to date in 2017, raising GBP1.4 billion. London listed funds have also raised GBP3.6 billion in further capital in the first half of the year.
London continues to be an attractive market for international fund managers, particularly from the United States. Since the start of the year, US fund managers have listed funds worth over GBP3.5 billion in London.
Most notable is the increasingly diversified nature of the funds, from microcap, supporting SMEs, and real estate specific funds for social housing, private rented sector and
AxiomSL, a provider of risk data management and regulatory reporting technology for the financial services industry, has secured a strategic investment from growth equity firm TCV.
This investment represents AxiomSL’s first institutional financing, having bootstrapped to scale since its founding in 1991. TCV’s investment will enable the company to accelerate growth and cement its position as the financial industry standard for risk and regulatory compliance data management. As part of the investment, the AxiomSL board of directors will benefit from the expertise of Rick Kimball, Founding General Partner at TCV, and Nari Ansari, Principal at TCV.
“We selected TCV
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
