Allocations
The US Securities and Exchange Commission (SEC) has issued a notice of application for an order for exemptive relief that will permit Triloma EIG Global Energy Fund and Triloma EIG Global Energy Term Fund I (collectively, the Funds) to co-invest in portfolio companies with each other and with certain affiliated investment funds.
The Funds expect the SEC to grant an order for exemptive relief in approximately 30 days, allowing the Funds to participate in directly originated investment transactions, including those alongside EIG's private funds, subject to the conditions in the order.
"We feel the current energy market conditions are creating
Maranon Capital was Agent for a mezzanine investment to support the acquisition of HALO Branded Solutions (HALO) by Audax Private Equity (Audax) and company management. Maranon was also a co-investor in the equity for the transaction.
HALO, headquartered in Sterling, Illinois, is a leading promotional products distributor in the USD20 billion per year promotional products industry. Through its nationwide account executive network and corporate service team, HALO offers innovative client solutions, priced competitively, and supported by world-class operations and award-winning marketing.
Lance Hirt and Jaime Buehl-Reichard, former executives of Lindsay Goldberg have launched StoneCourt Capital, a new private equity firm focused in partnership with David Lumpkins and Nathan Ticatch of PetroLogistics Company (PetroLogistics).
Stonecourt will opportunistically capitalise on market dislocations by facilitating the growth of existing businesses and constructing or repositioning hard assets. The firm will be headquartered in New York City with offices in Houston and Cleveland.
Stonecourt’s leadership team has worked together for more than 12 years to transform companies across multiple industries, including logistics and distribution, petrochemicals, industrial services, consumer products and midstream energy. Leveraging deep financial acumen,
New York-based private equity firm Eagle Private Equity is to provide an immediate USD1 million credit line to be provided by Eagle, along with a subsequent debt or equity financing of up to USD10 million.
Proceeds from the loans and other financing will be intended for the acquisition of mineral assets. Loans made to the Company based on the initial USD1 million credit line may be converted into a newly-created class of the Company’s preferred stock.
Dan Anderson, the Company’s Chief Financial Officer, says: “We are extremely pleased to announce this term sheet and believe the financing can be the
Pamplona Capital Management has raised USD1 billion for Pamplona TMT Fund I, a dedicated fund that will make equity investments in technology, media, and telecommunications (TMT) companies.
Pamplona expects the fund to invest in 12 to 15 companies, the first of which, Dyn.
The fund will invest in high-growth companies in segments including cloud computing and SaaS companies, mobile platforms and services, and industrial technologies. The fund will consider both control and minority investments; buyouts and recapitalisations; and rollups and consolidations within its target sectors.
Pamplona Managing Partner John Halsted, says: “The creation of this USD1 billion dedicated
Polynt and Reichhold are to combine their businesses to created global coating and composite resins operation with over EUR2.1 billion (USD2.4 billion) in revenues.
Polynt-Reichhold will be invested into equally by Investindustrial and Black Diamond Capital Management (Black Diamond).
Credt fund manager GSO Capital Partners is providing the debt financing for the transaction which is subject to customary regulatory approvals and expected to close in the second half of 2016.
This combination further reinforces the Group’s leading position as a global vertically integrated specialty chemicals player, with significant presence both in Europe and North America, a strategy initiated by
Everest Re Group has launched the Alternative Solution Group at Everest Specialty Underwriters, offering transactional risk insurance as well as professional and management liability insurance on both a primary and excess basis to private equity firms and hedge funds.
Robert Clark has been appointed to the position of Vice President to head up this new unit. Robert joined Everest in late 2015 from Axis Insurance Company, where he was Vice President of the Private Equity Group. Prior to that, Robert worked for Moody’s Investor Service as an analyst for the P&C Insurance Team, which included responsibility for a portfolio of
Invest Europe’s 2015 European Private Equity Activity report finds that private equity investment into European companies increased by 14 per cent to EUR47.4 billion in 2015, along with high fundraising and exit activity.
The trade association’s report provides verified data gathered directly from more than 1,200 European private equity firms, covering 91 per cent of the EUR564 billion in capital under management in Europe.
Almost 5,000 companies across Europe benefited from private equity and venture capital investment last year. Of these, 86 per cent were small and medium-sized enterprises (SMEs) and nearly half of the total attracted private equity
E8 Storage, an early-stage enterprise storage company based in Israel, today announces a USD12 million Series B financing round led by Accel, with participation from existing investors Magma Venture Partners and Vertex Ventures.
The investment will help the company to launch its next-generation flash storage with a rack-scale architecture for the enterprise and software-defined cloud.
As new generations of high-performance enterprise applications come to market, businesses are trying to find ways to improve the performance and latency of their data centres. This has led to the introduction of NVMe (Non-Volatile Memory Express), a new standard of flash storage which
The UK-based White Car, which is set to disrupt the self-drive car hire sector, will launch a new service in August 2016 allowing customers from around the world to hire a Tesla Model S 90D for a simple all-inclusive fee of GBP149 including VAT, via the White Car app.
The company, whose initial fleet will be based at Heathrow Airport, has launched a GBP250,000 fundraise on Crowdcube with a company valuation of GBP750,000 post funding.
White Car, which is already taking pre-bookings at www.whitecar.eu ahead of its launch in August, will redefine the often cumbersome and inefficient self-drive car
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
