Allocations
Technology investment firm Asenqua Ventures has closed its fourth investment fund, raising USD125 million which will be reinvested in capital efficient companies with a minimum revenue of USD10 million in niche technology sectors.
Fund IV will target investments in semiconductors, display technology, software, medical technology, wireless communications, and internet infrastructure, cloud computing, ecommerce and networking.
The managing directors of Asenqua, Steve Ross and Jason Yi, are using the USD125 million in funding to aggressively invest in new opportunities.
“We are at a stage where we believe we can take more companies to the next level of growth,” says
Liberty Media has agreed to acquire Formula One, the global motorsports business, from a consortium of sellers led by private equity firm CVC Capital Partners in a USD8 billion deal.
Liberty Media owns interests in a broad range of media, communications and entertainment businesses.
These interests are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Liberty Braves Group, and the Liberty Media Group.
The consideration comprises cash and newly issued shares in the Liberty Media Group tracking stock (LMCK) and a debt instrument exchangeable into shares of LMCK. The transaction price represents an enterprise value for
Seedrs has published its first ever portfolio update which reveals that for the first time, on a fair value basis, equity crowdfunding through the platform has produced better annualised rates of return (IRRs) than most other asset classes.
The update looks at the characteristics and performance of the 253 deals funded on Seedrs platform between its launch in July 2012 and the end of 2015.
It finds a platform-wide IRR of 14.44 per cent, which increases 41.87 per cent when impacts of SEIS and EIS tax reliefs are taken into account.
Investors with portfolios of 20 or more
Paul Hastings has advised Jacobs Engineering Group on the acquisition of the patent rights for BAYQIK quasi-isothermal sulfuric acid converter technology and other related technology from Bayer.
BAYQIK technology enables more efficient conversion of process gas with high SO2 concentrations.
Bayer developed, piloted and commercialised the technology over the past 10 years.
A full-scale installation based on the technology has operated successfully for seven years.
The Paul Hastings team was led by corporate partner Ronan O’Sullivan and senior associate Matthew Poxon in London, alongside partner Bernd Meyer-Witting and senior associate Florian Lechner in Frankfurt.
HIG Europe, the European arm of global private equity firm HIG Capital, has acquired a controlling interest in Texbond, a producer of specialty polypropylene nonwovens.
Founded in Rovereto in the Trentino region of northern Italy in 1988, Texbond specialises in nonwovens for specialty applications in the hygienic, medical, construction, automotive, household and agricultural industries.
Terms were not disclosed.
Texbond founder and chairman Giuseppe Gaspari and the chief executive Cristina Parisi have invested in the transaction alongside HIG Europe, providing management continuity as well as technical and strategic expertise to support the growth plans.
Raffaele Legnani, managing director
Elm Capital says it has seen a strong first half with primary fund closings and secondary transactions for many of its clients in Europe and North America.
On 26 July, Montefiore Investment completed the first and final closing of its largely oversubscribed fourth fund at the agreed hard cap of EUR420 million of third party capital, exceeding its EUR350 million target.
This result was achieved within just three months due to a particularly efficient process by virtue of strong support from existing and new investors. More than 20 new institutional investors committed to the fund.
With its fourth
Pavilion Financial has closed its acquisition of Altius Holdings, the parent company of Altius Associates, a private markets advisory and separate account management firm with offices in the UK, US and Singapore.
Pavilion has also established Pavilion Alternatives Group, a combination of the operations of Altius Associates and LP Capital Advisors (LPCA), the alternative asset advisory subsidiary of Pavilion headquartered in Sacramento, California.
The rebranding for both organisations is effective immediately.
“Pavilion Alternatives Group will proudly carry forward the shared vision of its two founding firms to provide institutional clients with objective, thoughtful and well-researched advice on alternative
Ufenau IV, a fund advised by Ufenau Capital Partners, has sold its shares in Roth Brandschutz to Equistone Partners Europe, realising a 4x cash return and an IRR of 108 per cent.
Roth Group is headquartered in Gerlafingen, Switzerland, and offers its clients fire protection, insulation and coatings services.
Since partnering with Ufenau, Roth Group has grown the business considerably and increased revenues by 70 per cent to CHF65 million. The number of employees increased from 220 to 350 and Roth Group became Switzerland's largest service provider in its market segments.
In close collaboration with Ufenau, Roth Group completed
Praesidian Capital, a provider of senior and subordinated capital for small and mid-sized businesses, has exited its first-lien debt investment in Aquasana, a Texas-based provider of residential water filtration systems and replacement cartridges.
Praesidian’s debt investment supplemented an equity investment by L Catterton, the largest consumer-focused private equity firm in the world.
Aquasana was acquired in August 2016 by A O Smith Corporation, a manufacturer of residential and commercial water treatment systems, heaters and boilers.
Praesidian’s 2015 investment in Aquasana provided capital to support the company’s vision for strategic growth. With this additional funding, Aquasana was able to
Audax Private Equity has sold Cadence Education to investment funds managed by Morgan Stanley Global Private Equity.
Terms of the transaction have not been disclosed.
Headquartered in Scottsdale, Arizona, Cadence is a provider of early childhood education focusing on children ages six weeks to 12 years old.
The company has the capacity to serve more than 20,000 students across its national platform of more than 150 schools across 20 states.
Since Audax’ initial investment and partnership with Cadence’s founder Doug MacKay in 2007, the company has acquired 74 schools in 28 acquisitions and opened 14 greenfield locations.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
