Allocations
Portcullis Asset Management Limited is launching as a Malta based Alternative Investment Fund Manager (AIFM) to assist alternative investment funds to comply with the Alternative Investment Fund Management Directive (AIFMD).
Portcullis has appointed David Barry to the board and as its new CEO. Barry joins Portcullis from TMF Custom House Group where he was Head of Sales and Business Development and part of the Executive Committee. Barry has over fifteen years experience across the EU and US funds industry. He is a Fellow of the Association of Chartered and Certified Accountants.
As a regulated AIFM, Portcullis will assume responsibility for
Tintri, a producer of VM-aware storage (VAS) for virtualisation and cloud environments, has closed a USD125 million Series F round led by Silver Lake Kraftwerk.
Tintri’s existing investors – Insight Venture Partners, Lightspeed Ventures, Menlo Ventures and NEA – also participated in the round, bringing Tintri’s total capital raised to USD260 million. The company will use the funding to accelerate global adoption of VM-aware storage.
“We are honoured to be partnering with such an esteemed group of investors,” says Ken Klein (pictured), chairman and CEO for Tintri. “The storage industry is going through a dramatic transformation. Virtualisation and cloud
TICC Capital Corp’s investment adviser, TICC Management is to be acquired by Benefit Street Partners (BSP).
BSP intends to expand TICC's investment strategy to primarily focus on private debt investments. BSP is the credit investment arm of Providence Equity Partners, a leading global private equity firm. BSP and affiliates manage over USD10 billion in assets across a broad range of credit strategies including high yield, levered loans, private / opportunistic debt, liquid credit, structured credit and commercial real estate debt.
"We believe that the BSP relationship will allow the Company to realise value for our shareholders in new ways. With
Mid Europa Partners, a private equity firm focused on Central Europe and Turkey, is to acquire Centrul Medical Unirea S.R.L. (“Regina Maria” or the “Company”). The transaction is subject to anti-trust clearance and is expected to close in Q4 2015.
With approximately 300,000 corporate subscribers, the Company is the leading premium integrated private healthcare services operator in Romania with a national presence through 22 polyclinics, 4 hospitals, 11 labs and 5 imaging facilities.
Matthew Strassberg (pictured), Senior Partner of Mid Europa who founded and leads Mid Europa's healthcare sector practice, says: “The acquisition of Regina Maria underscores the firm’s
EQT’s seventh fund for private equity investments focused primarily on Northern Europe, EQT VII, has been closed at the hard cap of EUR6.75 billion on 31 July, 2015.
Interest from both existing and prospective investors was strong and the fund was significantly oversubscribed. More than 70 per cent of the commitments to EQT VII were made by investors in prior EQT funds, confirming the strength of being an integrated alternative investment firm with a broad offering of investment strategies.
Despite the strong demand, EQT has remained committed to raising an appropriately sized fund to be deployed in line with EQT
Darby Creek Capital has launched a private equity investment group based in Washington, DC focused on driving long-term value for companies and investors in the lower-middle market.
The company will be concentrating on companies that have an EBITDA between USD1 million and USD3 million, with the goal of delivering value to investors by working with portfolio companies to execute on their core strategies.
Founder and Managing Partner, Tim Barbis (pictured) will bring his operational and investing background to the private equity market by working with management teams to uncover the best path for the company's long term success.
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Eaton Partners has served as the exclusive placement agent for CDIB Capital Asia Partners with USD405 million in commitments from long-term institutional investors.
The fund is run by CDIB Capital International Corporation ("CDIB Capital"), the international private equity arm of China Development Financial (CDF).
Based in Hong Kong, CDIB Capital has a strong track record of executing its "China-Plus" strategy, which capitalises on the continued growth momentum of China as well as the broader Asia Pacific and China cross-border growth, while mitigating risks associated with investing solely in Mainland China. The Fund will provide expansion capital and operational expertise to
Oakley Capital Investments Limited (AIM: OCL), the AIM-listed company established to provide investors with access to the investment strategy being pursued by Oakley Capital Private Equity and its successor fund, Oakley Capital Private Equity II, from existing shareholders Matthew Riley and Toscafund Limited for a consideration of approximately GBP39 million.
The investment has been undertaken by Fund II following Daisy’s recent acquisition of listed UK IT services company, Phoenix IT Group (Phoenix) for approximately GBP135 million, a transaction which created the first truly converged IT and unified communications company (“UCC”) in the UK SMB and mid-market.
As a leading
Fairpoint Group is to acquire the trade and assets of Colemans-CTTS LLP, CT Support Services Limited and the entire ordinary share capital of Holiday TravelWatch Limited (together referred to as “Colemans”), a consumer legal services business for an initial consideration of GBP9.0 million payable in cash and shares.
The Acquisition is expected to be immediately earnings enhancing on an adjusted basis.
Chris Moat, Chief Executive Officer, says: “The acquisition of Colemans is an important step in the development of the Group’s fast growing legal services platform. It brings particular class leading expertise in the areas of volume personal injury, conveyancing
The number of European private equity-backed buyout deals declined by 24 per cent in the second quarter of 2015, from the 392 transactions seen in the previous three months to 296 transactions.
That’s according to the Q2 2015 unquote” European Private Equity Barometer, published by unquote” in association with SL Capital Partners, which reveals that combined deal value rose by 115 per cent.
At EUR147 million, the average deal value in the second quarter was 185 per cent higher than that of the previous quarter.
]On an annualised basis, the 12 months to Q2 2015 saw a movement towards larger
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