Allocations
Platinum Equity has signed a definitive agreement to acquire the Foam Plastic Solutions (FPS) and Flow Control Devices (FCD) businesses of Broadway Industrial Group.
FPS is a 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 proposed acquisition was led by Platinum Equity's Singapore office.
Jacob Kotzubei, the partner in
Kelso & Company has acquired Physicians Endoscopy (PE) in a recapitalisation transaction with management, from Pamlico Capital.
Terms of the transaction have not been disclosed.
Founded in 1998, PE is a developer, owner, and manager of endoscopic surgery centres across the US. The company currently owns and manages 42 facilities in partnership with over 300 gastroenterologists and 18 health systems.
Pamlico acquired PE, in partnership with management, in August 2013 and has supported the company over the past three years. Under this new partnership with Kelso, Pamlico will be exiting its investment in PE.
Barry Tanner, PE’s
Octopus Investments has launched Octopus Labs, a new fintech business which is developing technology-enabled financial solutions for the mainstream.
Octopus labs will be involved in ‘self-building’ some solutions and will support others through its fintech accelerator programme, with applications now open.
Octopus believes that for many, the world of finance – and financial products – remains complex, inaccessible and confusing. While the past few years have witnessed a fintech revolution in the UK, most of the innovations that have sprung up remain unfamiliar and unpalatable to both financial advisers and retail investors.
Octopus Labs aims to tackle these twin
Commercial law firm Noerr has advised consultancy firm Persicon on its takeover by PwC Deutschland.
Persicon was founded in Berlin in 2003 and, as a certified IT security provider for the government and officially accredited data protection inspection authority, is the leading German consulting firm in data and IT security.
PwC will take over the subsidiaries Persicon Consultancy and Persicon Cert in the planned transaction.
The takeover will enable PwC to expand its IT advice and offer its know-how in the fields of governance, risk management and compliance on a joint basis with Persicon.
Persicon advises more
An affiliate of alternative investment platform FAB Partners is to acquire US private debt investment manager CIFC for approximately USD333 million in cash.
Under the terms of the merger agreement, CIFC shareholders will be entitled to receive USD11.46 in cash per share – USD11.36 per share as consideration in the merger, plus a USD0.10 per share distribution detailed below.
This represents a premium of more than 60 per cent over CIFC's closing share price on 19 August and a premium of approximately 160 per cent over the 27 January 2016 closing share price, the day prior to CIFC's announcement
Affiliates of Siris Capital Group have completed the acquisition of Xura, a provider of digital communications services, in a transaction valued at approximately USD643 million.
The deal, which was initially announced on 23 May, was approved by a majority of Xura's shareholders on 16 August.
In connection with the closing of the transaction, the company, which will continue to operate as Xura Inc, will be wholly owned by affiliates of Siris Capital.
Xura aims to revolutionise the way the world communicates, accelerating its development of digital communications solutions for CSPs that will transform future engagement experiences across all
Global University Systems (GUS) is to acquire Arden University, an online distance and blended learning university with 6,500 students, from US-based Capella Education Company.
Aaron Etingen, founder and CEO of GUS, says: “I am pleased to announce Arden University as the newest member of Global University Systems, with its strong position in the UK market for distance and blended learning. We look forward to working with Arden to build its offering of online and blended degree and masters programmes, to meet growing UK and international demand from employers and students for career-enhancing learning in the digital economy.”
Dr Philip Hallam,
Audax Private Equity is selling Laborie Medical technologies to Patricia Industries, a part of Investor AB.
Headquartered in Mississauga, Ontario, Laborie Medical Technologies is a provider of medical devices for urological, pelvic health and gastrointestinal applications.
The company’s products are used in the diagnosis and treatment of urinary incontinence and other urological and GI conditions.
Laborie supplies physician offices, hospitals, and mobile providers on six continents. Since Audax’ initial investment in 2012, Laborie has completed 14 acquisitions to expand product lines and enter international markets.
Geoffrey Rehnert, co-chief executive officer of Audax Group, says: “Brian Ellacott and
The USD1bn Club of infrastructure investors, a group of 69 institutional investors that have allocated USD1 billion or more to the asset class, have become dominant players in the infrastucture fundraising market, according to research by Preqin.
More than two-thirds (69 per cent) of the USD1bn Club have a separate infrastructure allocation, compared to 34 per cent of smaller investors. USD1bn Club investors also have an average allocation to infrastructure of 7.0 per cent of total AUM, compared to 3.3 per cent for their smaller counterparts.
This level of resource and experience allows them greater access to the market
Pricoa Capital Group provided more than USD5.3 billion of private capital in the first half of 2016 to companies and projects globally, increasing its overall portfolio to a record high of approximately USD76 billion in total assets.
Pricoa Capital Group is the private placement arm of PGIM, the global investment management businesses of US-headquartered Prudential Financial.
“For more than 75 years, Pricoa Capital Group’s commitment to investing in long-term relationships has allowed us to consistently offer financial support to high-quality private and public companies around the world – even during periods of sustained volatility,” says Allen A Weaver, senior
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
