Allocations
Noerr has advised Shanghai Electric Group on the acquisition of German aviation equipment manufacturer Broetje Automation.
The Chinese conglomerate is acquiring the group from Deutsche Beteiligungs AG (DBAG), the machinery and plant manufacturing company.
The purchase price is approximately EUR173.5 million.
Broetje group, which is represented worldwide and headquartered in Rastede, is a supplier in the aerospace industry. The product portfolio includes the development and production of fastening machines and systems for aircraft manufacture as well as complete solutions for turn-key production stages in aircraft assembly plants.
Listed Shanghai Electric Group is active in the sectors renewable
Crestline Specialty Lending (CSL), a part of the opportunistic investment group of credit-focused institutional alternative asset manager Crestline Investors, is supporting benefitexpress’ add-on acquisition of benefitsCONNECT.
benefitexpress, headquartered in Schaumburg, Illinois, provides a cloud-based Software-as-a-Service platform for employee benefits and health exchanges. The company provides software and services, including benefit enrolment, management and administration, billing services and a call centre, to employers across the US.
benefitexpress was formed in 2001 and is a current portfolio company of LLR Partners, a Philadelphia-based private equity investment firm.
"Since completing the investment with LLR, benefitexpress has been committed to building on
Zubr Capital, the first Belarusian private equity firm, has launched Zubr Capital Fund I (ZCFI) with capital commitments of USD50 million.
The fund plans to make long-term investments for a period of up to 10 years and will target Belarusian companies.
The European Bank for Reconstruction and Development (EBRD) is the anchor investor of the fund, contributing USD12.5 million, a total which may be increased in the coming year.
ZCFI is aiming for a portfolio of five to seven companies with a focus on rapidly developing operators in the IT sector, producing consumer goods with high export potential,
Clearlake Capital Group is to sell NetMotion Wireless, a provider of mobile security software solutions, to The Carlyle Group.
The transaction is expected to close in the third quarter of 2016, subject to normal closing conditions and regulatory approvals.
Financial terms of the deal have not been disclosed.
Since Clearlake’s acquisition of the company in 2012, NetMotion has built on its leadership position in the mobile security market. NetMotion mobile security solutions manage, optimise, accelerate, and secure all traffic to mobile devices across any network, application or operating system.
Under its ownership, Clearlake supported NetMotion and the
Hanover Investors has completed the acquisition of AIM listed Hydro International, a storm water and waste water engineering business.
The business was bought for a total consideration of circa GBP29 million by the Hanover Active Equity Fund through a Scheme of Arrangement.
This is the first investment by the fund and fits into its strategy of private equity style involvement in listed entities, including take-privates.
The team at Hanover identified Hydro as a business constrained by the public markets, showing tangible value potential. Hydro operates in niche engineering segments of the storm water and waste water sectors which are growing quickly and are influenced positively by regulatory drivers. The US and Middle East markets, which contribute
UK peer-to-peer finance platform Assetz Capital has received a 5-Star rating from Defaqto in the independent financial information business’ first ‘Loan Based Crowdfunding’ analysis.
Assetz Capital’s rating, which relates to investing on the platform, is one of only four 5-Star peer-to-peer awards made by Defaqto.
Assetz Capital has facilitated the investment of more than GBP130 million into credit-worthy UK businesses since its launch in March 2013 with a resultant GBP13 million of gross interest before tax earned by lenders. Every Assetz loan is backed with property, and/or other realisable security in order to minimise the risk for investors.
Stuart Law,
The Greater Manchester Loan Fund (GMLF) is celebrating its third anniversary, having already invested over GBP10 million in 22 local businesses.
The GMLF has the potential to invest up to a further GBP10 million, through loans of between GBP100,000 and GBP750,000 to eligible businesses.
Andy Thomas, investment director at Maven Capital Partners, the fund Manager for the GMLF, says: “The GMLF is very much open for business and we’ve been hugely encouraged by the levels of interest in the fund. We’ve seen a wide cross-section of businesses by sector and funding requirement, with applications from relatively mature businesses through
Mid-market private equity firm Bowmark Capital has sold CSL, a provider of critical connectivity solutions for machine-to-machine communications, to Norland Capital, ICONIQ Capital and RIT Capital Partners for an undisclosed sum.
CSL pioneered dual signalling technology in the alarm security industry where it manages the communications for over 400,000 commercial, retail and residential premises.
Since Bowmark invested in 2011, CSL has doubled both sales and profits and has significantly extended its product portfolio. The company has also expanded into new sectors, such as telehealth, and new geographic regions, including Ireland, Sweden and the Netherlands.
Charles Ind, Bowmark managing
21 Investimenti, an investment firm founded and led by Alessandro Benetton, is to sell a majority stake in Farnese Vini to NB Renaissance Partners, the private equity fund formed in 2015 by Neuberger Berman and Intesa SanPaolo.
Farnese Vini is a group active in the production, bottling and sale of Central/Southern Italian wine.
During 21 Investimenti’s three-and-a-half-year investment, the company has launched production of wine from Puglia, invested more than EUR10 million in production capacity in two modern plants in Abruzzo and Basilicata, doubled the number of employees and increased turnover from EUR32 million in 2012 to EUR56 million expected
Sun Capital Partners’ affiliated portfolio company Aclara Technologies has acquired the smart grid business of Tollgrade Communications.
The transaction includes the LightHouse distribution monitoring platform comprising Sensors and Sensor Management System (SMS) software with Predictive Grid Analytics, as well as a broad intellectual property portfolio. Financial terms have not been disclosed.
The addition of the LightHouse platform expands Aclara’s capabilities in distribution grid monitoring. Deployed at some of the world’s leading utilities, the Smart Grid LightHouse platform provides fault detection and location, power quality monitoring and classification of grid events to monitor the health of the distribution grid, make
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
