Allocations
Exit Strategies, a specialist in the buy side, mergers and acquisitions space, closed three new buy side transactions in September 2016.
“Our proprietary process and tools continue to be validated by these high quality transactions,” says Jordan Wagner, co-founder at Exit Strategies.
The September closed deals originated and facilitated by Exit Strategies on the buy side included Align Capital Partners, a private equity firm with USD325 million in their current fund, which acquired Alliance Source Testing, an Alabama-based company focused on providing accurate and consistent source testing solutions.
Alpine Investors, a San Francisco-based private equity firm with USD900
Healthcare-focused private equity firms DW Healthcare Partners (DWHP) and Linden Capital Partners are to acquire Edge Systems.
Headquartered in Signal Hill, California, Edge is a manufacturer and marketer of non-invasive equipment and consumables used in aesthetic skin health treatments.
Edge's leading product is the HydraFacial line of facial skin rejuvenation devices, which provide a non-invasive, multistep treatment in one sitting that delivers results without downtime or irritation. Edge has a current installed base of over 7,000 systems placed with dermatologists, plastic surgeons, and medical spas across 75 countries.
As part of an aesthetics sector effort, Linden and DWHP
A cross-border team from law firm Goodwin represented the neuroscience company Cerevance in its financing by Lightstone Ventures and Takeda Pharmaceutical.
Cerevance will focus on discovering and developing novel therapeutics for neurological and psychiatric disorders.
The USD36 million funding round includes a USD21.5 million Series A financing investment from Takeda and Lightstone Ventures, with each joining Cerevance’s board of directors.
Cerevance will have sites in both Massachusetts and the UK. Takeda has provided a 25-person neuroscience research team from its Cambridge, UK site, including industry veterans, fully equipped laboratory space, and licenses to a portfolio of preclinical and clinical
Two thirds of limited partners (LPs) say there would be a negative impact on the EU from a ‘hard’ Brexit – a separation of the UK from the EU involving significant restrictions on the UK’s access to the EU single market and strong immigration curbs.
That’s according to Coller Capital’s latest Global Private Equity Barometer which reveals that fully three quarters of LPs think a hard Brexit would damage the UK, while well over a third (37 per cent) of LPs think a hard Brexit would also lower their overall returns from European private equity.
In addition, one third
Detroit-based private equity firm Rockbridge Growth Equity has sold Purchasing Power, an e-retailer offering a voluntary benefit to companies and membership organisations across the US, to private equity firm Flexpoint Ford.
Founded in 2001, Purchasing Power is one of the fastest-growing voluntary benefit companies and the leader within the purchase programme industry offered through employers.
Along with a financial wellness platform available at no cost to its customers, Purchasing Power offers an employee purchasing programme for name brand consumer products and services using convenient payroll deduction.
Available to millions of people as a voluntary benefit at organisations with
UK private equity house Maven Capital Partners has realised its investment in plastic extrusion manufacturer Nenplas, generating a return of more than 5x for investors.
The exit from Ashbourne-based Nenplas follows a sale of a controlling interest to German company Döllken-Weimar, part of the German quoted group Surteco, in a transaction that also included the sale of the entire share capital of Nenplas Property.
The Maven VCTs first invested in 2006 to support the management buyout of Homelux Nenplas. That business experienced rapid growth during the period of Maven's involvement, including the completion of a complementary acquisition and an increase
The EQT VII Fund is to acquire AutoStore from Jakob Hatteland Holding AS and other minority owners.
AutoStore is an automated storage and retrieval system (ASRS) which uses robotics for collecting stored goods in a warehouse.
From the origin of the idea by Ingvar Hognaland in the Hatteland Group in the 1990s and delivery of the first commercialised system in 2005, AutoStore has experienced strong growth and is today a leading automated material handling solution.
AutoStore provides improvements in capacity, performance and cost and represents an optimal solution for meeting the growing demands for automated and efficient warehousing.
FS Investments’ business development company (BDC) direct lending platform committed approximately USD988 million in senior secured loans and other debt and equity financing to middle market companies in the third quarter of 2016, bringing its year-to-date total originations to more than USD2.2 billion.
New directly originated investments during the quarter were made in support of nine portfolio companies headquartered in seven US states.
“Our ability to customise financing solutions to a company’s specific needs delivers a unique value to those businesses and, ultimately, our investors,” says Michael C Forman, chairman and chief executive officer of FS Investments. “In several
Audax Private Equity has partnered with management to acquire Accent Food Services from Silver Oak Services Partners.
Terms of the transaction have not been disclosed.
Accent, headquartered in Austin, Texas, is a provider of customised fresh food, snacks, and refreshment services to businesses, educational institutions, and property management companies. Accent supplies customised offerings for on-site micro markets, vending machines, and coffee and refreshment services.
Geoffrey Rehnert, co-CEO of Audax, says: “Accent is a leader in the micro market, vending, and refreshment services industry. We look forward to working with Josh Rosenberg and the Accent team to continue building
NewStar Financial has closed the NewStar Berkeley Fund CLO, a USD505 million middle market collateralised loan obligation managed for qualified institutional investors.
The Berkeley Fund is the fourth credit fund sponsored by NewStar to co-invest in middle market commercial loans originated through its direct lending platform.
The Berkeley Fund is NewStar’s 21st securitisation since inception and third transaction completed in 2016. The notes offered through this CLO transaction are backed by a diversified portfolio of commercial loans originated and underwritten by NewStar for the benefit of investors.
Various classes of notes rated Aaa through Ba3 were placed, which represented
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
