FORWARD FEATURES CALENDAR

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SS&C Technologies has acquired CRM solution provider Salentica. Tequity acted as the exclusive adviser to Salentica, which will now become a platform partner to the firm's Black Diamond wealth platform.   The Salentica team brings expertise in providing integrated CRM solutions for both Microsoft Dynamics CRM and Salesforce CRM platforms. The company will operate as a business unit under SS&C and the acquisition will add 30 employees.   With more than 5,000 users and an average firm size of over USD3 billion in assets, Salentica's clients include registered investment advisers (RIAs), broker-dealers, family offices, institutional wealth managers, and trust companies.
LendingCrowd, a UK alternative finance lender, has partnered with the Scottish Investment Bank (SIB), the investment arm of Scottish Enterprise, in an initiative that will see GBP2.75 million invested in Scottish SMEs across the LendingCrowd platform. It is expected that the move will stimulate loans of up to GBP35 million for SMEs while leveraging significant private sector investment.   The agreement will allow SMEs to access loans of between GBP5,000 and GBP250,000 over terms ranging from six months to five years.   Applicants apply directly to LendingCrowd, which will then undertake the appropriate due diligence on each investment case and
Perceptive Advisors, an investment management firm focused on the healthcare sector, has closed the Perceptive Credit Opportunities Fund, which provides private credit to healthcare companies.  The fund and related entities have USD323 million in investor commitments, exceeding the USD300 million target.   The fund's global investor base includes endowments, family offices and institutional investors.   It is focused on providing customised debt financing solutions to healthcare companies across all stages and subsectors, including biopharma, medical devices, diagnostics, life science research and healthcare information technology.    The fund partners with small and medium-sized companies to provide capital ranging from USD10 million
Investec Aviation Finance, a unit of Investec Bank, has sold out of Goshawk Aviation and Goshawk Management Holdings (Manco) to its co-shareholders Chow Tai Fook Enterprises (CTFE) and NWS. Co-investors CTFE and NWS each have increased their respective stakes in Goshawk and Manco from 40 per cent to 50 per cent through the sale by Investec.   Goshawk is the third aircraft leasing platform Investec has established, the other two being Investec Global Aircraft Fund and Investec Aircraft Syndicate, both of which are still wholly managed by Investec.    Combined, these three leasing platforms have to date invested in over
UK Green Investment (GIB) is to provide Kent County Council with a GBP10.2 million green loan to help finance the local authority’s GBP40 million streetlight conversion programme. The project involves the replacement of 120,000 traditional streetlights with energy-saving LED alternatives and the installation of a central management system (CMS), increasing the efficiency of the local authority’s lighting stock while making it easier to manage.   The council estimates that the programme will reduce annual electricity consumption by 60 per cent and cut maintenance costs, resulting in anticipated savings in excess of GBP5 million per year. The new lights are also
Apogee has completed the acquisition of Direct Business Systems (DBS), an independent provider of multi-functional copiers, printers, scanners and support services based in Glasgow. Established in 1995, DBS is a family-led business with clients such as distillers Whyte&Mackay, charity Sense Scotland and logistics specialist Malcolm Group.   DBS provides technology from four different manufacturer partners and the service operation supports an installed base of nearly 1,500 devices.   DBS will be fully integrated into the Apogee Group and directors Eric Chambers and Anne Chambers will continue to lead the business in Glasgow.   The acquisition comes after Apogee secured a
Quadrivio Private Equity Fund 3 has completed its second investment, acquiring a majority stake in Farmol, a Bergamo-based producer of aerosol and liquid based products for the household and personal care sector. Since 1946, Farmol has served multinational companies in Europe through its four production plants. It has a turnover in excess of EUR80 million, 75 per cent of which is generated abroad. The company has exhibited a growth rate of about 20 per cent in the last year, with an operating profit margin of around 10 per cent.   The founders and the management team of the business will
Francisco Partners Management, a technology-focused private equity investment firm, has closed the Agility Fund, a USD600 million fund targeting smaller tech deals. “Our natural process of meeting companies has consistently produced very interesting opportunities that may be too small for our main funds. With the addition of Agility, we now have the flexibility to opportunistically pursue some of these best opportunities,” says Dipanjan Deb, co-founder and CEO of Francisco Partners.   Francisco Partners is still investing FP IV which includes investments such as Capsilon, Click Software, GoodRx, and the pending acquisition of Dell Software Group.   FP IV will continue
Orrick is advising Tokyo-based Lintec Corporation in its USD375 million purchase of Ohio-based MACtac Americas from global investment firm Platinum Equity. Lintec is a manufacturer of adhesive-related products with operations in 15 countries around the world.   MACtac is a manufacturer and distributor of pressure sensitive labels with operations in the US, Canada and Mexico.   The acquisition will complement Lintec’s international footprint.   The Orrick team advising Lintec is led by M&A and private equity partner Hiroshi Sarumida and includes assistance from Tal Hacohen, David Ruff, Brad Breen, Bob Lawrence, Jim McQuade, John Narducci, Mitch Pahl and Gabriel Salinas.

Mohammed Al Ardhi, Investcorp
Alternative investment specialist Investcorp has agreed to acquire the debt management business of 3i (3iDM) from UK-based 3i Group for GBP222 million (approximately USD271 million). The deal will see Investcorp’s assets under management (AUM) increase by USD12 billion to approximately USD23 billion.     Investcorp says the acquisition will add to the firm’s existing product offerings across private equity, real estate, and alternative investment solutions (formerly hedge funds).    The transaction is subject to various regulatory approvals and is expected to close in the first half of 2017.   3iDM is a global credit investment company managing funds which invest

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