Allocations
Versant Ventures has closed its newest fund, Versant Venture Capital VI, at its hard cap of CAD538 million (USD400 million).
Versant will use its diversified global investment strategy to find, form and fund innovative healthcare companies with an emphasis on novel therapeutics.
Fund VI was highly oversubscribed and was supported by existing and new limited partners including Canadian investors Teralys Capital, Northleaf Venture Catalyst Fund, HarbourVest Partners and Fonds de solidarité FTQ.
The fund will invest in 20-25 biotechnology companies in the US, Canada and Europe. Versant expects to make its initial investment from the new fund in the
SOSV, an accelerator-based venture capital firm, has closed SOSV III, its first fund open to external investors, at USD150 million.
With more than 150 start-ups backed annually through its accelerators, SOSV is the world’s third largest seed investor by volume.
SOSV’s accelerator model takes a small stake in start-ups and provides a framework and community where start-ups get further and faster than they could on their own.
“Since 2010, we’ve provided follow-on funding to those companies who develop significant traction and financing support,” says Sean O’Sullivan, SOSV managing partner. “It’s a proven model…giving us both extraordinary quality and
Hong Kong-headquartered Chateau Segonzac International Group has launched an international Winery mergers and acquisition fund in the United States.
Chateau Segonzac International owns Bordeaux-based Chateau Segonzac, a 40-hectare vineyard, which produces Cabernet Sauvignon, Merlot and Malbec. The company is jointly funded by Austchi Dragon and a number of other Hong Kong and Mainland China enterprises, and is looking to purchase more high-quality wineries worldwide, including the United States and Italy, in 2017.
"Our goal is to create added value for capital venture and investment fund, by building a bridge among investors, wine producers and consumers," says Kelvin Li, executive president of Chateau Segonzac International Group. Li says all wineries his company
Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the middle market, has partnered with Altima Dental Centres, one of the largest dental services organisation in Canada. Terms of the deal have not been disclosed.
Headquartered in Toronto, Altima’s clinic network includes offices across six provinces in Canada. Altima-affiliated practices have an excellent reputation for providing high-quality dental services and always putting patients first. Altima's strategy is to continue growing through affiliation with other dental offices throughout Canada.
“Altima is well known throughout the Canadian market for second-to-none care, top notch providers
Man Group has completed its previously announced acquisition of Aalto Invest Holding (Aalto).
Luke Ellis (pictured), CEO of Man Group, says: “We are delighted to have completed the acquisition of Aalto, which is a key step in the development of Man Global Private Markets, our new investment engine for private asset classes, and in the ongoing diversification of Man Group. The acquisition of Aalto represents an attractive opportunity for clients, who will have access to longer term investment strategies offering a complementary risk reward profile to our current products.”
Aalto will be a central component of the newly formed
Israeli high-tech companies closed 104 deals, totalling USD10 billion in exits, during 2016, according to the latest IVC-Meitar Exits Report. The figure includes 93 M&A deals with a total value of nearly USD8.8 billion including the USD4.4 billion Playtika acquisition.
Eight additional buyouts generated USD1.22 billion while three small IPOs garnered USD15.1 million.
The acquisition of Playtika by Chinese online gaming company Giant Interactive Group, for USD4.4 billion, was the largest deal of the year. According to the report’s editors, since it accounted for about 50 per cent of total M&A, and skews the data, it has been omitted from
French onshore wind specialist ENGIE has strengthened its partnership with Crédit Agricole Assurances by absorbing the onshore wind portfolio of MAÏA EOLIS, acquired in May 2016, into the two groups’ joint venture FEIH.
Under the agreement, the wind farms operated by MAÏA EOLIS – representing total installed capacity of 267 MW – will be transferred to FEIH, the joint venture established by ENGIE and Crédit Agricole Assurances. Since its creation in 2013, the partnership has allowed ENGIE, which had installed wind power capacity of over 1,700 MW at the end of 2016, to reduce its net debt by around EUR400
Enstar Holdings has acquired Dana Companies (Dana Companies) from Dana Incorporated (Dana) for a total purchase price of USD91.5 million.
Dana is a world leader in the supply of highly engineered drivetrain, sealing, and thermal-management technologies for vehicles. Dana Companies holds liabilities associated with personal injury asbestos claims and environmental claims arising from its legacy manufacturing operations. Dana Companies’ assets include, among others, insurance rights related to coverage against these liabilities and marketable securities.
Enstar financed the transaction through a drawing under its revolving credit facility.
Dominic Silvester, Enstar’s Chief Executive Officer, says: “The Dana Companies acquisition complements our
Platinum Equity has completed the acquisition of the Foam Plastic Solutions (FPS) and Flow Control Devices (FCD) businesses of Broadway Industrial Group Limited.
FPS is a leading supplier of protective packaging, insulation and component products to the consumer electronics, automotive, medical and other end-markets. FCD supplies high-performance parts such as valves, fittings, sensors, and related components used in diverse end-applications.
Platinum Equity is a Los Angeles-based global private equity firm focused on acquiring businesses that can benefit from the firm's operational expertise. The acquisition was led by Platinum Equity's Singapore office.
Jacob Kotzubei, the partner in Platinum Equity's Los Angeles
Eolus North America has signed an agreement to acquire a 60 per cent membership interest in Wind Wall Development, from ZCF Wind Wall.
The company has also placed an order with Vestas securing wind turbine components sufficient to secure the ability to capture the full value of the PTC for the first 40 MW of its project pipeline.
Eolus North America, a wholly owned subsidiary of Eolus Vind AB (publ) Sweden, is pleased to announce that it has joined forces with ZCF Wind Wall LLC in a joint venture to develop and construct a wind farm near Tehachapi, CA. The joint
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
