Allocations
Private equity fund administrator Gen II Fund Services has increased its assets under administration to in excess of USD150 billion.
Since its founding in 2009, Gen II has grown to become the industry's largest independent firm focused on private equity fund administration.
Norman Leben, managing principal of Gen II, says: "Our dedication to the highest standards of performance in our industry, an unrivalled track record of exceptional client service and our long term focus and dedication to the private equity fund administration have enabled us to reach this milestone. We thank our clients for their trust in us and our
Clayton, Dubilier & Rice has completed the sale of Mauser Group to Stone Canyon Industries in an all-cash transaction valued at USD2.3 billion.
Mauser, acquired by CD&R funds in 2014, is a supplier of industrial rigid packaging products and reconditioning services. Stone Canyon Industries, through its subsidiary BWAY Corp, is one of the largest manufacturers of rigid metal, plastic containers and hybrid containers in North America.
Under CD&R’s ownership, Mauser achieved a number of important operational milestones, resulting in 9 per cent per annum revenue growth and 15 per cent per annum EBITDA growth. With more than 5,000 employees,
Private equity fund manager Calculus Capital has closed its Enterprise Investment Scheme (EIS) fundraising after reaching its GBP20 million target three months earlier than anticipated.
John Glencross, Calculus Capital chief executive, says: “Appetite for investing in unlisted UK smaller companies through the EIS has been growing year-on-year. And it’s not surprising, given the breadth, depth and potential of the investment opportunities available, coupled with the extremely attractive tax reliefs that come with EIS funds, including 30 per cent income tax relief, no CGT or IHT, and high returns that can be generated.”
Calculus says the range and quality of investment
Independent trust, fund and corporate services provider Crestbridge has established a presence in the GCC following its acquisition of Ohad Trust, a Bahrain-based trust, fund and corporate services provider in Manama.
With regulatory consent having now been received from the Central Bank of Bahrain, Ohad has become part of the Crestbridge Group, which also has complementary offices in Jersey, London, Luxembourg and the Cayman Islands.
A full rebranding of Ohad is planned for later in 2017 to bring the business fully under the Crestbridge brand.
Ohad was the first licensed provider of trust services in Bahrain when in
Shore Capital Partners, a private equity firm focused exclusively on the healthcare industry, has held the first and final close of its second institutional private equity fund, Shore Capital Partners Fund II, at the hard cap of USD190 million.
Fund II, raised in less than three months, surpassed its original target of USD150 million and was substantially oversubscribed with investor demand approaching USD750 million.
Fund II will continue the investment strategy employed by the Firm’s predecessor fund and invest primarily in control buyouts, focusing on microcap healthcare businesses.
With Fund II, Shore now manages a total committed capital
Golding Capital Partners (GCP) has received commitments of EUR331 million for its private debt investment programme, Golding Private Debt 2016.
After five months of fundraising this means 55 per cent of the EUR600 million target volume has already been secured at first closing.
"With interest rates at their current low levels, alternative investments are indispensable for institutional investors. High-yield investments in the private debt segment are increasingly an alternative to institutional investors' traditional fixed income allocation,” says Jeremy Golding, founder and managing partner of GCP.
The investment strategy of Golding Private Debt 2016 is focused on corporate acquisitions
Nexeo Solutions has acquired DSM product inventory and has started serving customers who were previously provided with DSM products by KD Feddersen Norden in the Nordic region.
With DSM's support, Nexeo Solutions continues to optimise service and enhance its strategic position in the Nordic region.
The expansion of the local team, and the acquisition of new DSM product customers and DSM inventory, strengthens a distribution model committed to delivering high-quality products in the region.
"We are excited about the increased opportunities we see in the Nordics with the growing line-card from DSM," says Nexeo Solutions' senior vice president
An affiliate of private equity firm New Water Capital Partners has acquired Denver-based Custom Made Meals, a manufacturer of fresh, oven-ready, value-added meals sold in more than 6,000 retail grocery locations nationwide.
As part of the transaction, New Water acquired Custom Corned Beef, a manufacturer of raw and cooked corned beef, roasts and deli meats.
The transaction allows majority owners, the Jewsbury family, who founded Custom Corned Beef in 1977, to exit the business. The Jewsbury family and John Birdsall, currently president of Custom Made Meals, acquired Custom Made Meals in 2009 from Maverick Ranch. Birdsall, who operated Custom Made
Public Pension Capital (PPC) and FiveW Capital, together with existing management, have acquired Viteos Fund Services, a provider of middle‐ and back‐office technology and services for the investment management industry.
The transaction brings together a group of financial and strategic investors experienced in building and growing technology and service providers.
The Viteos management team will continue to lead the company.
Viteos, founded in 2003, provides customised straight‐through‐processing and integrates post‐trade operations for the investment management industry in the US, Europe and Asia. It provides shadow‐accounting services and offers a full range of middle‐ and back‐office outsourcing through its
Affiliates of CCMP Capital are to acquire a controlling interest in Truck Hero, a provider of aftermarket accessories for pickup trucks and Jeeps.
TA Associates, the current holders of a majority interest in Truck Hero, as well as Truck Hero’s founding chief executive officer Bill Reminder and chief operating officer Kelly Kneifl, will remain significant investors in the company as part of the transaction.
Reminder and Kneifl will retain their current leadership positions.
Terms of the transaction were not disclosed.
Founded in 2007, Truck Hero provides a wide range of functional accessories that enhance customers’ use of
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
