Allocations
Marquee Brands has acquired the Ben Sherman brand and related intellectual property assets from Oxford Industries, Inc. Established in 1963, The Ben Sherman brand and shirt is synonymous with British youth culture.
Ben Sherman's colours, cuts and patterns have influenced modern men's wear by combining British style with international fashion trends.
"We are particularly excited about this transaction as Ben Sherman is consistent with our mission to acquire high quality brands with substantial global growth potential," says Michael DeVirgilio, president of Marquee Brands. "The current management team under Oxford's leadership has done a great job building on the core essence
Athyrium Capital Management and Neuberger Berman have closed the Athyrium Opportunities Fund II, which seeks to make structured capital investments in global, commercial-stage healthcare companies.
Athyrium Opportunities II was oversubscribed, closing at over USD1.2 billion. The Fund's global investor base is comprised of more than 40 institutions, including public and private pensions, endowments, foundations and sovereign wealth funds, a number of which also invested in the first Athyrium Opportunities Fund, which closed in May 2013. Athyrium Capital now advises funds with over USD1.7 billion of committed capital.
Athyrium Opportunities II seeks to make USD25-USD150 million investments in commercial-stage healthcare
Beechbrook Capital, the specialist direct lender, is launching a new fund to support UK small and medium-sized businesses turning over between GBP5 million and GBP50 million.
The Beechbrook UK SME programme represents a significant addition to the private credit sector which has hitherto been dominated by debt funds competing to finance larger buyouts. Beechbrook is looking to raise between GBP100 million and GBP200 million with a first close planned for October 2015. The fund will target mainly senior secured loans in non-private equity backed UK companies.
The fund builds on the existing funds of Beechbrook, which invest in private
KKR and Reggeborgh have teamed up to facilitate the expansion of Deutsche Glasfaser (DG), which plans, constructs, and operates fibre-optic networks in Germany and provides German households and companies with fast broadband connections.
KKR will acquire a majority stake in DG, which is currently fully owned by Reggeborgh. In a joint effort, the two partners will provide DG with the long-term capital to embark on an ambitious growth program whereby approximately EUR450m is to be invested in the further roll-out of the German fibre optics infrastructure over the next few years.
Deutsche Glasfaser focuses on the rural and suburban parts
Oak Ridge Natural Resources, an independent oil and natural gas company headquartered in Tulsa, Oklahoma, has received a USD300 million equity commitment from the Kayne Private Energy Income Fund, and members of the management team.
Oak Ridge is a private exploration and production company formed to pursue the acquisition and development of large, long-life producing oil and gas assets in North America, with a specific focus on the Ark-La-Tex and Mid-Continent regions. Chris Jacobsen will lead Oak Ridge as President and CEO and is joined by Brian Wheeler as Chief Technical Officer and Robert Grisaffe as Chief Financial Officer. Prior
Funds advised by Advent International (Advent) and the European Bank for Reconstruction and Development (EBRD) have acquired Hypo Group Alpe Adria AG, with its Southeast Europe banking network (SEE) from Heta Asset Resolution, the wind down asset of the former Hypo Alpe Adria owned by the Republic of Austria.
The acquisition was formally closed today following all conditions agreed in the Sales and Purchase Agreement (SPA) signed on 22 December, 2014 being met.
The Group’s Management Board will be led by newly appointed Group Chief Executive Officer (CEO) Ulrich Kissing. Johannes Proksch will act as CFO, Stefan Selden as
In an extract from the Preqin Quarterly Update: Real Estate, Q2 2015, we investigate private real estate funds currently seeking investor commitments, featuring the latest data.
The number and aggregate target capital of closed-end private real estate funds in market has remained relatively consistent during Q2, with 417 vehicles looking to raise USD149bn as of July 2015 (Fig 1). The majority of funds in market are focused primarily on North America (56 per cent), with the region also representing 58 per cent of the total targeted capital (Fig 2). The number of funds focused on regions outside North America,
Private equity fundraising is analyzed in this extract from the Preqin Quarterly Update: Private Equity, Q2 2015, featuring the latest data and breakdowns by fund strategy and geographic focus.
Following the typical drop-off in the number of funds closed from Q4 to Q1, Preqin’s Q2 2015 data shows a levelling off of vehicles reaching final close, with 243 funds closed during the quarter (Fig 1). However, there has been a continued dip in capital raised, with USD113bn secured by funds closed in Q2 2015, down from 241 funds securing USD129bn in Q1 2015.
In line with the trend observed
Main Street Hub has closed a USD25 million Series C equity financing round from Vista Equity Partners.
The investment will support the company’s rapid growth, which includes plans to introduce several new product offerings and hire 300 employees in its Austin and New York offices by the end of the year. Main Street was 73rd on the Inc. 500 list of America’s fastest growing companies in 2014.
“Marketing a local business has become significantly more complicated since the days of the Yellow Pages, and today’s consumers expect a two-way conversation across a variety of online channels,” says Andrew Allison,
Fuel.Ventures, a newly formed fund led by one of Europe’s leading technology entrepreneurs and investors, Mark Pearson (pictured), partnered with Europe’s leading equity crowdfunding platform Seedrs to give everyday investors access to a pipeline of high growth European e-commerce start-ups.
To date, 274 investors have helped the fund push past its half a million pounds target.
When the crowdfunding started, Pearson became the first successfully exited entrepreneur and angel investor to set up an investment fund and open it up to everyone.
After aiming to raise GBP500,000 from investments of as little as GBP100, Fuel.Ventures’ world-first crowdfunded investment
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