Allocations
In response to increased demand for outsourced alternative asset administration, Northern Trust has enhanced its private equity support with the launch of its capital call execution service.
The service allows clients to gain operational efficiencies by outsourcing the processing of capital calls. Capital calls are periodically issued by general partners to their clients and require investors, upon demand, to transfer a previously agreed upon amount to fund strategic investments.
Intended for portfolios with more than 20 private equity investments, clients notify Northern Trust of the initial capital call via the automated Trade Order Entry system. Northern Trust then handles
Law firm Howard Kennedy and its regulated London Stock Exchange sponsor, Howard Kennedy Corporate Services, have advised Hazel Capital on the launch of two VCT funds with an exclusive focus on renewable energy.
The Hazel Renewable Energy VCT 1 and Hazel Renewable Energy VCT 2 prospectuses were launched on 18 February.
Sine 2010, Hazel Renewable Energy VCT funds have invested in large renewable energy projects, including solar and wind, that typically are not reliant on government subsidies. The VCT funds are now looking to invest in companies at the forefront of battery storage technology.
The Howard Kennedy team was led
Electranova Capital US, the energy cleantech venture capital fund, managed by Idinvest Partners and sponsored by EDF, has invested in Off Grid Electric (OGE), a leading solar leasing company in Africa.
The funds will be used to enter new African markets and to continue to scale up OGE’s effort, in partnership with the Tanzanian government, to power 1 million homes by 2017.
In most regions where Off Grid Electric operates, it is not cost-effective for utilities companies to serve customers and many customers who have been disconnected cannot often afford the high fees for reconnection. Off Grid Electric’s systems
The latest study by the Australian Private Equity & Venture Capital Association Limited (AVCAL) shows that private equity (PE) backed Initial Public Offerings (IPOs) have outperformed non-PE backed IPOs over the three year period between 1 January 2013 and 31 December 2015.
The study is the third annual report prepared by leading global financial advisory firm Rothschild, in association with AVCAL, and analyses the share price returns of 67 IPOs with an offer size of AUD100 million or more which listed on the ASX between 2013 and 2015. Of these IPOs, 30 were PE backed and 37 were non-PE backed.
The Middle Market Growth Program (MMGP), jointly managed by Antares and LStar Capital, has closed a senior secured unitranche credit facility to support the acquisition of Preferred Compounding by Audax Private Equity.
Headquartered in Barberton, OH, Preferred Compounding is a leading custom rubber compounder in North America and employs more than 400 people at its four mixing operations in Georgia, Tennessee, Mexico and Ohio.
“We appreciate the flexibility and speed that Antares and LStar provide through MMGP,” says Mark D Cordes, managing director of Audax Group.
“Our sponsors and borrowers benefit from the ease and certainty of having
Artivest, a technology-driven investment platform that provides investors access to best-in-class alternative investment funds, has implemented new initiatives to enhance its offering to financial advisors and their qualified clients.
Artivest has joined the Depository Trust and Clearing Corporation's Alternative Investment Product Services (DTCC-AIP) platform, thereby integrating reporting for its vetted selection of premier funds with major custodians such as Schwab, TD Ameritrade, Pershing, and Fidelity. DTCC-AIP automates and standardises transactions between funds and participants in the alternative investment space.
Additionally, Artivest has coordinated directly with custodians and advisors to spare clients the administrative fees typically associated with such investments.
Stirling Square Capital Partners, a pan-European mid-market private equity firm, has acquired Mettis Aerospace (Mettis), an international manufacturer of precision forged and machined components for the aerospace sector.
The business was acquired from Saints Chamonix for an undisclosed value.
Mettis offers a fully integrated platform from initial design and development through to forging (with presses ranging from 500 tonnes to 12,000 tonnes), machining, finishing and testing. Mettis has significant technical expertise and know-how in forged alloy components, of increasing importance in the aerospace sector given the emphasis on high strength and lightweight.
Founded over 75 years ago, Mettis now
DS Healthcare Group is to acquire Radiancy, a developer of consumer medical devices and the Neova dermatological products business from PhotoMedex, in a transaction structured in two reverse triangular mergers, with a non-dilutive provision.
The board of directors of both companies have voted unanimously in favour of the transaction. The transaction is subject to customary closing conditions, including shareholder approval and regulatory approvals. Holders of approximately 24 per cent of the common stock of DS Healthcare and approximately 17% of the common stock of PhotoMedex have agreed to vote their shares in favor of the merger, which is currently expected
Canadian private capital continued its climb in 2015: venture capital (VC) activity saw amounts invested and fundraising increase substantially, with exit values reaching historical highs. Private equity (PE) saw solid fundraising numbers and large increases in volume.
These are some of the main findings from the Canadian Venture Capital & Private Equity Association's (CVCA) private capital market activity reports for 2015.
VC investment continued its strong growth in 2015, with 536 deals capturing CAD2.3 billion, an increase of 24 per cent and 12 per cent respectively over 2014. Primarily driven by three large IPOs (Shopify, ProNAi, and Davids Tea),
Budget gym chain Xercise4Less is planning to roll-out further gyms across the UK after posting an 83 per cent increase in sales and securing a new round of funding from its equity partner, BGF (Business Growth Fund).
The Leeds-headquartered business grew total sales to GBP21.9 million in the 12 months to July 2015, up from GBP12 million in its previous financial year. As a result of its organic roll-out, Xercise4Less now operates 35 gyms and has an increasing national coverage with sites across the north of England, the Midlands, the South West, Scotland and Wales, and opened its first gym
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
