Allocations
Elevate, a provider of online credit solutions for non-prime consumers, has increased its credit facility with Victory Park Capital (VPC), a privately held registered investment adviser dedicated to alternative investing, by an additional USD100 million to a total of USD545 million.
The company will use the additional capital to support the rapid growth of its credit products in the US and UK and for further investment in its suite of online credit solutions.
“Elevate has become a clear leader in this space and we are excited to support their growth,” says Tom Welch (pictured), principal at Victory Park Capital.
HIG Capital has sold its portfolio company Amerijet Holdings to an affiliate of ZS Fund, a middle market focused private equity firm.
Since its founding in 1974, Amerijet has grown from a small charter service operator to the leading provider of cargo and logistics solutions to the Caribbean and Latin America.
It operates a fleet of 10 aircraft, offering scheduled and charter cargo services and transporting over 200 million pounds of freight annually. The company maintains its main cargo and flight hub in Miami, a network of field offices throughout the US, and has over 200 agents across 137
Nasdaq Nordic is planning to make changes to the Alternative Investment Funds market on Nasdaq Copenhagen.
The changes include renaming the current market segment OMX CPH Other Collective Investments and adding two new instrument subtypes, AIF and Capital Associations.
In addition, Turnover Lists Foreign funds – indicativeNAV and Other Collective Investment Schemes will be renamed. Related List population Other Collective Inv.DKK will also be renamed and an additional List Population created.
The AIF changes are planned for INET and GCF production as of 5 September 2016 and testing will be available in INET Test (NTF) and GCF
Mid Europa Partners, a private equity firm focused on Central and South Eastern Europe, has acquired full control of CEE road freight transport company Waberer’s International Nyrt by acquiring the shares held by the founder and CEO György Wáberer.
As a result Mid Europa has increased its stake from 56.8 per cent to 97.1 per cent in the company.
Waberer’s is the largest road transport company in Hungary and one of the largest road freight transport companies in Europe, operating a fleet of 3,500 trucks with a regional presence in Belgium, Germany, France, Italy, the Netherlands, Poland and the
Israeli private equity investments totalled USD1.6 billion in 29 private equity deals during the first half of 2016, notably below the USD2.1 billion closed in 53 deals in H1 2015, according to the latest IVC-Shibolet Private Equity Survey.
The two largest deals were performed in the second quarter, accounting for 67 per cent of total capital investments. The average PE deal in H1 2016 stood at USD53 million, a jump from the USD39 million average in H1/2015.
In Q2 2016, 13 Israeli private equity deals accounted for USD1.3 billion, a jump from the USD270 million invested in Q1 2016,
G-III Apparel Group, a designer, manufacturer and marketer of branded apparel and accessories, is to acquire Donna Karan International, parent of the Donna Karan and DKNY brands and owned by LVMH, for USD650 million.
The transaction is expected to close in late 2016 or early 2017.
Morris Goldfarb, chairman, chief executive officer and president of G-III, says: “Donna Karan International is an iconic global fashion company. Its lifestyle aesthetic resonates well with consumers throughout the world. We are excited to build upon its strong foundation as we seek to capitalise on a significant market opportunity. Donna Karan brings increased
Elm Creek Partners has acquired Liberty Paper Products, a Phoenix, Arizona-based specialty converter and distributor of thermal paper.
Liberty Paper Products provides customised solutions to its customers across a variety of end markets, including restaurants, point-of-sale, and gaming. Management believes that Liberty's best-in-class customer service and flexible manufacturing capabilities will serve as a strong platform for growth.
Mike Rapier, Liberty's founder and CEO, is staying with the company in his current role. Rapier rolled a portion of his sale proceeds into the new venture.
Elm Creek partnered with Henrikson & Graul Capital Partners (HGCP) to fund the acquisition.
Leading global investment firms have committed to continue investing in the UK’s tech sector saying that London will remain an important destination for investment despite the vote to leave the European Union.
Venture capital houses such as Index Ventures, Octopus Ventures, Balderton Capital and Hoxton Ventures are among a wider group of investment firms to pledge their continued support for the UK’s tech sector, with many citing London as an important hub for future growth.
In the first six months of 2016 British companies attracted USD1.3 billion in venture capital funding, matching the USD1.3 billion raised in the same
Hamilton Lane Advisors has held the final closing of Hamilton Lane Private Equity Fund IX, a global and diversified private equity fund-of-funds.
Originally targeting USD400 million, the fund received strong interest from the institutional investor community, exceeding its target to close on USD516 million.
“We are thankful for the support of a diverse group of both new and existing Hamilton Lane investors from across the globe, including public pension funds, Taft-Hartley pension plans, endowments, foundations and other institutions,” says Jackie Rantanen, managing director and co-head of the product management group at Hamilton Lane. “Leveraging our global platform and resources,
IP Cleaning (IPC), a portfolio company of environmental investment-focused private equity firm Ambienta, is to acquire Vaclensa Ltd, an independent distributor of professional cleaning machines in the UK.
Vaclensa employs around 100 people including a network of engineers spread across the country providing high-value after-sales services to blue chip clients, and other innovative cleaning solutions. Vaclensa is the key distribution partner for IPC in the region, and IPC is the key supplier to the company.
With a business model based largely on recurring revenues and room for expanding its customer base in the UK, Vaclensa can further strengthen the
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