Allocations
Ares Management and Kayne Anderson Capital Advisors are to merge to form Ares Kayne Management, a diversified alternative asset manager with a combined USD113 billion of assets under management as of 31 March, 2015.
Under the terms of the agreement, Ares will provide USD2.55 billion in consideration, the majority of which will be in the form of Ares Operating Group Units. The transaction is expected to close on or around January 1, 2016, subject to customary regulatory approvals, Kayne Anderson investor consents and other closing conditions.
Ares Kayne combines Ares Management, a leading global alternative asset manager with USD87 billion
Funds advised by CVC Capital Partners are to acquire PKPE Energetyka (PKPE), the energy unit of the Polish National Railways (PKP) in a transaction that puts an enterprise value on the business of PLN1,965 million (approximately EUR477m).
PKP Energetyka is a cross-country electricity distributor to the Polish railway network and to other customers. It also provides nationwide maintenance and emergency response services to the railway network, operates fuel stations for diesel locomotives and is active in electricity and gas reselling.
CVC has a track record of successfully investing in regulated industries and major strategic assets across Europe such as
The Home Depot is to acquire Jacksonville, Florida-based Interline Brands, a national distributor and direct marketer of broad-line maintenance, repair and operations (MRO) products.
Under the terms of the agreement, The Home Depot will acquire Interline for USD1.625 billion in cash, subject to customary adjustments. The acquisition, which has been approved by the shareholders of Interline, is expected to be completed during The Home Depot's fiscal third quarter, which ends on 1 November, 2015. The deal is subject to applicable regulatory approval and other customary closing conditions.
The transaction is expected to be accretive to The Home Depot's earnings in
PrivateEuity.biz, Israel’s first online secondary trading arena, has signed a series of agreements with senior employees who own shares in high-tech companies, including leading pre-IPO Israeli and North American start-ups.
Following the agreements, which have been signed during the past few weeks, shares held by 14 employees at US, Canadian, and Israeli high-tech companies are currently being presented for sale on the PrivateEuity.biz trading arena.
The North American companies whose employees are presenting shares for sale include Jumio (United States), shares of which are also available on US platform SharesPost; DoubleVerify (United States); and QuickMobile (Canada). The Israeli companies
KKR and Borealis Maritime have acquired Hanseatic Ship Asset Management, a 100 per cent owned subsidiary of Commerzbank AG controlling a modern fleet of 18 container and dry cargo vessels, in a USD254.5 million deal through a joint venture vehicle established by the two firms.
Hanseatic Ship Asset Management (HSAM) was established in Hamburg by Commerzbank AG in 2013 as part of a strategy to efficiently reduce their loan exposure to the shipping industry. Vessels with good market prospects and highly desirable specifications were taken over by Commerzbank in restructuring non-performing lending engagements. As a result, HSAM acquired a modern
Crescent Capital Group’s Crescent European Specialty Lending strategy has co-led the financing for Exponent Private Equity’s acquisition of The BBI Group, a Cardiff, UK-based company specialising in products and technologies in the diagnostics, healthcare, research, defence and food industries, from Waltham, Massachusetts-based Alere, Inc.
EQT Credit and Babson Capital also provided funding for the transaction.
“We are pleased to support Exponent’s acquisition of BBI, one of the UK’s leading and longest-serving companies in the global diagnostics industry,” says Christine Vanden Beukel (pictured), Managing Director and head of Crescent’s European Specialty Lending strategy. “Our European Lending Strategy continues to meet the
Darktrace has completed a USD22.5 million Series B with Summit Partners, a global growth equity investor. The round completes an exceptional growth year for Darktrace, with Talis Capital extending the Series A they led in March 2015, with a further USD1.8m prior to the Series B round.
Darktrace’s Enterprise Immune System represents a new class of cyber defence software that helps enterprises and government bodies protect themselves against advanced attacks and data compromises from within the network. Powered by Bayesian mathematics and advanced machine learning developed at the University of Cambridge, Darktrace analyses network activity and learns the behaviour of
Backstop Solutions Group – a provider of cloud-based solutions designed to help the institutional investment industry save time, increase productivity and make better investment decisions – has partnered with Preqin Ltd.
With this partnership, Backstop users can now seamlessly integrate Preqin investor data into their Backstop CRM platform.
“Many of our clients are already using the Preqin database to source potential clients, so this partnership will further streamline their sales and marketing efforts and help them work more efficiently.” says Robert Goldbaum, Backstop’s Vice President of Product & Market Strategy. “With this integration, Backstop clients will have access to the
Union Group has continued its expansion in the growing Peru hydropower sector with the acquisition of Empresa de Generación Eléctrica Canchayllo SAC (EGECSAC), a subsidiary of Rurelec PLC, for a total consideration of USD14.3 million.
The deal includes a 5.26MW run-of-river hydro power plant in Junin, Peru, which adds to Union Group’s substantial hydropower portfolio in the country. Across Peru, it is developing close to 1,000 MW of combined capacity.
Juan Sartori (pictured), President and Founder of Union Group, says: “Hydropower is a strategically important sector for Union Group in Peru, one involving long-term, cash-generative real assets that help
Investors and fund managers alike frequently benchmark private equity returns against public markets in order to gauge the relative performance of their investments.
For investors, it is an important exercise to undertake to inform portfolio construction decisions and to evaluate the performance of one asset class against another. For fund managers, it forms a key aspect of fund marketing to help secure investor commitments. Private equity returns, however, are not directly comparable with public market indices, due to the asset class’s illiquid nature and irregular timing of cash flows.
To aid the industry in benchmarking performance, Preqin has launched
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
