Allocations
EISER Finance Limited (EISER) has reached financial close on a portfolio sale of assets to a fund managed by 3i Group plc (3i) from the EISER Global Infrastructure Fund (EGIF).
As part of the original sales agreement with 3i, EISER’s existing investors in EGIF were offered the opportunity to choose liquidity or to remain invested in the assets through a right to reinvest into the new fund managed by 3i.
The portfolio sale includes all of EGIF’s UK assets, Belfast City Airport and ESP Utilities; its remaining Italian assets HERAmbiente, the Italian waste treatment and disposal company; as well
KKR has held the final closing of KKR Asian Fund III, a USD9.3 billion fund focused on investments in private equity transactions across the Asia Pacific region.
“The Asia market offers many compelling investment opportunities in private equity given its secular growth and attractive valuations,” says Joseph Bae, KKR Member and Managing Partner of KKR Asia. “This flagship fund is a testament to KKR’s ability to drive meaningful growth and value creation in our investee companies as a partner of choice to leading Asian businesses, families and management teams.”
Ming Lu, KKR Member and Head of Asia Private Equity, adds: “We see a diverse
CIC Capital Canada, a member of the French banking group Crédit Mutuel CM11-CIC, has launched a USD500 million North American Growth Fund, with USD150 million dedicated to Canada, mainly for investment in Quebec and Ontario companies.
Established in Montreal since 2010, CIC Capital has managed the Emerillon Capital venture capital fund, a partnership with Desjardins, since 2013. This fund holds equity positions in a dozen promising Quebec and Ontario technology businesses and was an investor in Maluuba, an artificial intelligence company acquired by Microsoft in 2017.
In Canada, the new North American Growth Fund targets mainly CAD5 million
Alternative investment specialist LGT Capital Partners has completed the acquisition of European Capital Fund Management, a London- and Paris-based private debt manager, from Ares Capital.
European Capital’s funds will remain managed by the same team led by Matthew Gordon Clark, Etienne Haubold, Stéphane Legrand and JC Morales Cortes.
The European Capital team now constitutes the new private debt competence centre of LGT Capital Partners.
With all legal and regulatory approvals obtained, LGT Capital Partners’ acquisition of European Capital, announced in March 2017, was completed on 31 May 2017. The European Capital team of more than 28 specialists
Smithfield Foods has completed its acquisition of Pini Group’s packaged meats companies in Poland.
These companies will be operated by Animex Foods, one of the largest food producers in Poland and part of Smithfield Poland, which is owned by Smithfield Foods.
The acquisition includes Pini Polska, a meat processing and packaging plant; Hamburger Pini, a case ready meat plant; and Royal Chicken, an investment project currently in development.
“This acquisition aligns with Smithfield’s strategic growth plans by strengthening our vertically-integrated supply chain in Poland and increasing our production of high-quality packaged meats products. It also capitalises on
Private investment firm SK Capital Partners has completed the acquisition of DB Western, Inc – Texas, a technology-driven producer of formaldehyde and derivatives.
The company’s La Porte, Texas, plant is the largest merchant market plant in North America serving a variety of applications including oilfield, refineries and petrochemicals.
The company will be renamed Foremark Performance Chemicals.
Jack Norris, a managing director of SK Capital, says: “Foremark represents a compelling opportunity to own an industry leader with proprietary, best-in-class production capabilities that provides critical building block chemicals to a growing blue-chip customer base with diversified end market exposure.
CVC Capital Partners has held the closing of CVC Capital Partners VII (Fund VII), its latest flagship fund for private equity investments in Europe and North America, at its hard cap of EUR15.5 billion.
Together with the commitments of CVC and its employees, Fund VII will have over EUR16 billion of equity capital available to invest.
Steve Koltes, co-chairman of CVC, says: “We are honoured to have received such strong support from our investors across the world. We value greatly their continued trust in our ability to invest their capital well.”
In addition to this flagship fund
The Russian Direct Investment Fund (RDIF) is to acquire a minority stake in Russian gold producer PJSC Polyus.
The purchase will be carried out alongside an investment by Chinese investment company Fosun Group, which is acquiring of 10 per cent stake in the company.
The price per share payable by RDIF at completion is equal to price per share for Fosun transaction.
Following completion of the RDIF transaction, RDIF will own 354,095 of the ordinary shares in Polyus. The completion of the RDIF transaction is subject to certain conditions, including the completion of the Fosun transaction.
Mourant Ozannes has advised on three of the most significant private equity transactions in Europe during the first quarter of 2017, according to the league tables published by global deal research agency Pitchbook.
Pitchbook’s latest report, entitled 1Q 2017 European PE Breakdown, includes the largest PE exit and the largest PE fund closing.
Mourant Ozannes lawyers led on the offshore aspects of three of the top deals, including the sale of Delta Topco Limited’s Formula One business to Liberty Media Group ranked first among “Select Largest European PE-Backed Exits,” and two top-ranked fund closings highlighted in “Select Largest
Concurrent, a specialist in storage, protection, transformation and delivery of visual assets, has sold the European operations portion of its real-time business segment to technology-focused investment firm Battery Ventures.
The completion of the sale followed approval of the transaction by the French Ministry of the Economy.
Concurrent received the USD2.8 million that was being held pending approval from the French Ministry of the Economy and was part of the transaction’s total gross proceeds of USD35 million.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
