Allocations
Between July and December 2016, Platina Energy Partners successfully restructured with Unicredit (London Branch) circa EUR100 million of non-recourse long-term financing, originally used to finance a 20 MW photovoltaic portfolio, consisting of three operational projects located in mainland Spain.
The financial restructuring of the portfolio will allow the optimisation of the financing structure and improve cash flows.
"Platina is delighted to have closed this debt restructuring with Unicredit – London Branch,” says statement from the company. “Due to a number of changes in the laws affecting the PV sector in Spain, the financial health of these plants was seriously challenged and
Mount Street is to acquire EAA Portfolio Advisors (EPA) from Erste Abwicklungsanstalt (EAA).
At the end of 2009, EAA was created as the asset management company to manage the assets of the former WestLB.
EAA was founded as a public law agency under the German Financial Market Stabilisation Fund Act. Its shareholders include the German State of North-Rhine Westphalia (NRW) and NRW’s Savings Banks Associations. EAA took over the responsibility for the wind-down of WestLB’s portfolio of more than EUR200 billion comprising a diverse range of complex non-performing loans, ABS, leveraged credit, asset finance and structured finance assets.
Francisco Partners has sold Source Photonics to a private equity consortium led by Redview Capital and Asia-IO, with participation from investors including TR Capital, Axiom Asia and Aberdeen Asset Management.
Source Photonics is a provider of communications and data connectivity components and modules in next-generation data centres, mobile and fixed-line networks.
Source Photonics was originally acquired by Francisco Partners in October 2010 as a carve-out from MRV Communications. Following the acquisition, Francisco Partners recruited CEO Doug Wright to join the company in May 2013.
“It has been a pleasure to work with Doug and the talented management team
Goodwin has advised Spice Private Equity (Bermuda), a subsidiary of the Swiss investment company Spice Private Equity Ltd, on a USD31.1 million sale of assets.
Seven assets were sold including all primary fund investments, simplifying cash management for Spice and creating further capacity for new direct investments.
The portfolio comprised five primary fund investments (Navis Asia VII, Northstar IV, Baring Asia VI, Carlyle Sub Saharan Africa Fund and Helios III) and two co-investments (Altico Capital and Rede D’Or).
During the holding of the portfolio, a gain of 6 per cent was generated.
The Goodwin team in London was
Noerr has advised Landesbank Baden-Württemberg (LBBW) and Siemens Bank on financing the purchase of automotive supplier Dieter Braun by Deutsche Beteiligungs AG (DBAG).
The DBAG Fund VI, advised by DBAG, has acquired the majority of the shares in Dieter Braun by way of a buyout.
The seller is the private equity firm Seafort Advisors. Besides DBAG, the management will also hold shares in Dieter Braun in future.
The Dieter Braun Group specialises in cable assembly and lighting technology particularly for the automotive industry, with a workforce of some 1,500 and sites in Germany, the Czech Republic, Mexico, China
Veritable and Moelis Asset Management have teamed up to launch Archean Capital Partners, which will provide new private equity portfolio managers with the initial capital, advice and infrastructure necessary to launch their own funds.
Veritable is a wealth management firm with over USD13 billion of assets under management.
Moelis AM is the parent company for alternative asset management firms with an aggregate of over USD3billion in assets under management.
Through Archean Capital Partners, Veritable and Moelis AM will seek capital commitments for a series of single manager, special purpose vehicles (SPVs) that will invest in selected newly launched
ACA Compliance Group, a provider of compliance, cybersecurity, performance and technology solutions to financial services firms, has acquired Telavance.
Founded in 2010 by Salvatore Cangialosi (pictured), Gokul Kallambunathil, Rama Pappu and Mahesh Viswanathan, Telavance provides anti-money laundering (AML) risk reviews and related regulatory compliance services and software solutions.
It offers leadership and expertise in the areas of risk assessment and mitigation, remediation of regulatory actions, model risk management, fraud rules assessments, NYS DFS 504 compliance, AML software system enhancements and optimisations, and transaction reviews and “look-backs.” Telavance’s client base is primarily centred in the banking industry.
As a
PNC Riverarch Capital has sold its portfolio company Goldco to Seven Hospitality, a consortium of high-net-worth investors.
Terms of the transaction have not been disclosed.
Goldco is an operator of 46 Burger King restaurants in Southeast Florida, primarily in the Fort Lauderdale and Treasure Coast regions. Since its founding in 1980 with a single restaurant, Goldco has grown its footprint through new store development and acquisitions.
Investment professionals at PNC Riverarch Capital led the investment in Goldco in late 2012. Under the ownership of PNC Riverarch Capital, Goldco significantly expanded its footprint in Southeast Florida, implemented a sophisticated
Peer-to-peer platform Assetz Capital has lent GBP200 million since launching in 2013.
The alternative finance platform helps small and medium-sized British businesses and property developers acquire funding and is now providing secured loans totalling as much as GBP26 million per month and lent over GBP45 million in the last quarter of 2016.
The milestone caps a record year for Assetz Capital, in which over GBP108 million was lent in 2016, earning investors a total of GBP17 million of interest since the business launched. More than GBP500 million is now available and ready to lend through the platform to credit-worthy businesses.
Funds managed by Inflexion Private Equity have completed the GBP40 million buyout of MyPolicy, a UK’s telematics insurance broker.
Founded in 1995, MyPolicy provides broking, product design, pricing and monitoring of telematics motor insurance policies for first time drivers and other niches in the UK.
MyPolicy has developed proprietary risk algorithms to analyse and interpret telematics driver data, applying this through its underwriting capacity and broad channels to market.
Inflexion is backing Patrick Quinn, CEO. As part of the buyout, Inflexion has supported MyPolicy’s succession plans, enabling co-founder Mike Quinn, to transition out of the business.
Inflexion
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12 November, 2026 – 8:00 am
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