Allocations
Linklaters has advised Brait, the South African listed private equity group, on its acquisition of an 80 per cent stake in Virgin Active, the leading international health club operator, from CVC and Virgin. The deal values Virgin Active at GBP1.3bn.
Virgin Group will retain a 20% stake, excluding management. The existing management team will be retained and will be reinvesting alongside Brait. The implementation of the deal is subject to approval by the South African and Namibian competition authorities.
The Linklaters team, which also advised on the tax structuring of the deal, was led by private equity partners Alex Woodward and
Global venture capital firm New Enterprise Associates has closed its fifteenth fund with USD2.8 billion in committed capital to its core fund, as well as an additional USD350 million for its NEA 15 Opportunity Fund.
With commitments totalling more than USD3.1 billion, this fundraising brings the firm's cumulative committed capital since inception to nearly USD17 billion.
"Like our industry, much has changed since NEA's founding nearly 40 years ago," says Peter Barris, Managing General Partner. "We have grown from a trio of founders with a USD16 million fund to more than two dozen partners deploying multi-billion-dollar funds across five continents.
Private equity fund of funds Asia Alternatives has held the final close of over USD1.8 billion in new commitments for Asia Alternatives Capital Partners IV (AACP IV) and its related fund vehicles (Fund IV).
"We are extremely grateful that a significant number of our original limited partners continue to support us and we are pleased to have added a number of highly respected and well-recognised new investors in Fund IV," says Melissa Ma, Co-Founder and Managing Director of Asia Alternatives.
The largest of the Funds is Asia Alternatives Capital Partners IV, LP which, along with its sleeve fund focused on
Technology is now developing so fast that it is creating disruption across all sectors of the economy and businesses which fail to keep up with the latest developments face being wiped out by smarter rivals.
That will be the message at next week’s Entrepreneurial Spark event, a day of Tech Talks organised by the free business accelerator. Entrepreneurial Spark is aiming to help its fledgling firms embrace the latest technology and use it as an opportunity to displace larger rivals. It has lined up a range of speakers who will address budding entrepreneurs and “chiclets” at its “hatcheries” across the
Norwest Equity Partners (NEP) has formed Norwest Equity Partners X (NEP X), a USD1.6 billion limited partnership focused on growth investments, and Norwest Mezzanine Partners IV, (NMP IV), an USD800 million limited partnership from NEP's affiliated mezzanine investment firm, Norwest Mezzanine Partners (NMP), which will invest flexible junior capital in support of private equity-sponsored transactions.
The new capital, which is significantly higher than the firm's previous capital raises in 2008 (NEP IX with USD1.2 billion and NMP III with USD750 million), positions the firm to achieve its strategic growth initiatives for the future. Since inception, the firm has raised over
Private equity group MAB Capital Management has launched Liquid Asset Brands Innovation Fund I, a USD50 million fund will make equity investments of USD3 million-USD10 million in early stage beverage businesses and take an active role in helping accelerate the growth of the brands in its portfolio.
The announcement of the Liquid Asset Brands Innovation Fund I comes just days after the announced sale of Louisville-based Angel’s Share Brands LLC (Angel’s Envy Bourbon and Angel’s Envy Rye) to Bacardi Limited for an undisclosed amount. Bushala was a founding partner, President & CEO of Angel’s Share Brands and helped shepherd Angel’s
Red Rocks Capital’s Global Listed Private Equity (GLPE) finished the first quarter of 2015 up 5.32 per cent, compared to 2.47 per cent for the MSCI World Index.
Strong performance from many of the larger index constituents around the world overcame the negative currency impacts of the continued strengthening of the US Dollar.
"Listed Private Equity firms had a strong quarter, outperforming global indices despite a negative impact of almost 4per cent from the stronger dollar," says Mike Trihy, GLPE Index Manager at Red Rocks Capital. "The dollar volume of US buyout deals in Q1 was the highest level
Take Eat Easy, the Belgian start-up that claims to be ‘reinventing food delivery’, has closed its series A round at EUR6 million.
The funds will be used to reinforce the company’s stronghold in Brussels and Paris, as well as expand its activities to other major European cities in Germany, Spain and the UK.
The new capital was raised from Rocket Internet (investments include TravelBird, DaWanda, MarleySpoon), global early and growth stage venture firm DN Capital (investments include Shazam, Happn, Windeln.de and Quandoo) and Piton Capital (Fanduel, Quandoo, DaWanda).
Following the rapid growth in Paris, the new investment will
Onbone, the developer of novel casting technology material, Woodcast, has raised a total of EUR10 million in a financing round led by MVM Life Science Partners, with participation from Finnish Industry Investment, Finnish private investors and existing investor Inveni Capital.
The funding round will be used to finance the international launch of the Woodcast suite of casting and splinting products.
Onbone's innovative technology improves the clinical care of patients whilst reducing cost for hospitals and lowering the environmental impact of current technologies. The product suite is ecological, user-friendly and applicable for all orthopaedic and traumatology uses.
Woodcast is manufactured from
Affiliates of investment funds managed by Oaktree Capital Managementt have completed the acquisition of Pulse Electronics Corporation.
Oaktree invested a total of USD17.0 million in Pulse and subsequently acquired 100 per cent of its outstanding shares, making Pulse a private company.
As a result of the transaction closing, Pulse’s stock will no longer trade in any public market. Pulse shareholders are entitled to receive USD1.50 in cash for each share of common stock they held as of 13 April, 2015. Pulse will continue to be led by Mark Twaalfhoven as Chief Executive Officer.
Dentons US LLP acted as counsel to
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
