Allocations
DPI has successfully closed its second fund, the oversubscribed ADP II fund, at USD725 million significantly surpassing its USD500 million target.
The ADP II investor-base includes corporate and public pension funds, endowments and foundations, funds of funds, family offices and development finance institutions from across the US, Europe, Middle East and Africa with significant interest from US investors, which currently make up just over 40% of its limited partner base.
ADP II is pursuing a broadly diversified strategy across industries that benefit from Africa’s growing middle class including the financial services, healthcare, education, construction, logistics, telecoms and consumer goods
STAR Capital Partners has continued its consolidation of the SME asset finance market after completing the acquisition of Ignition Credit, an independent asset and vehicle finance provider to UK SMEs.
STAR Asset Finance’s broader strategy is to provide a significant alternative source of finance for SMEs, the engine room of the UK economy
Having been established just nine months ago, STAR Asset Finance is set to arrange over GBP90 million of financing for 1000s of SMEs, over the course of 2015
STAR Capital Partners (STAR), a leading European fund manager, announces today that it has acquired Ignition Credit
Middle market private equity firm Irving Place Capital (IPC) has completed its acquisition of Bendon, Inc, a provider of non-licensed and licensed children’s colouring and activity products, from The Wicks Group.
Terms of the transaction have not been disclosed.
Bendon’s Chief Executive Officer, Ben Ferguson, says: "We have experienced strong growth with the Wicks team, and they have been a valuable partner to us throughout their ownership. We’ve built a better, more profitable business together, and we are excited to be teaming with IPC to continue our expansion, both organically and through acquisitions."
Bendon’s existing product portfolio includes colouring and
Private equity firm NorthEdge Capital has backed the management buyout of Total Fitness, a Wilmslow-based health and fitness business.
NorthEdge has backed the management team, led by Chief Executive Richard Millman together with Warwick Ley and Brian Davidson of RooGreen Ventures, who alongside a partial realisation of their equity have reinvested in the business as part of the buyout. The transaction will see the existing management team receive significant new investment to support their next stage growth plans, which begin with the re-opening of the Total Fitness club in Wrexham in early April after a GBP1m+ refurbishment.
The transaction
Acquisition of Branden solar park and Carscreugh and Wear Point wind farms
John Laing Environmental Assets Group (JLEN) has acquired three projects from John Laing Group for a cash consideration of GBP42.54 million – Branden solar park and Carscreugh and Wear Point wind farms.
The assets were acquired under JLEN’s First Offer Agreement with John Laing and were funded by a draw-down under the Company’s GBP50 million revolving credit facility.
Branden Solar comprises two separate solar parks located near Bodmin in Cornwall, with a total generating capacity of 14.7MW and is accredited for 2 ROCs. The sites have
Bain Capital portfolio company Apex Tool Group has closed the acquisition of China-based Shanghai Yecen Auto Technology.
The deal, a highly strategic automotive sector acquisition in the Asia Pacific region for Apex’s SATA Tool (Shanghai) Limited subsidiary closed on 30 March and was financed with cash on hand in China.
Yecen’s wheel aligner and automotive lift product lines now will be part of Apex’s broad SATA brand portfolio; SATA is China’s number one brand in the professional hand tool industry and one of the major suppliers to the hand tool market in China. Yecen is a leading solutions provider
Weinberg Capital Partners has acquired French office supplies nd office furniture distributor Brunei from Argosyn.
Halisol Groupe and SGPA, two privately- held companies, have co-invested alongside with Weinberg Capital Partners. They will also support the management team in their growth strategy.
With a EUR300m turnover of which 60% through online sales, Bruneau is the French leader of e-commerce in the sector of B2B office supplies and office furniture. The Group employs around 800 people and has been able to seize strong market shares in France and Belgium.
With a range of 28,000 references in office furniture, consumable items,
Black Mountain Systems, a developer of data and process management solutions for asset managers and financial institutions, has completed a majority recapitalisation, led by existing management and funds managed by Stone Point Capital.
By combining Black Mountain's highly customisable Everest platform with Stone Point's relationships and expertise in financial services, Black Mountain is well positioned to advance its mission of bringing growth and innovation to investment professionals. Additionally, this transaction will enable Black Mountain to hasten its pace of expansion and allow its management team to deploy additional resources for a broader roll-out of its product- and service-based solution offerings.
Private equity firm San Francisco Equity Partners (SFEP) has acquired a majority stake in beauty company Japonesque.
SFEP is partnering with current Japonesque owner Karen McKay, an industry leader in the beauty tools category, to capitalise on the extraordinary momentum in the business.
Japonesque is a company with a deep heritage of creating cutting edge beauty products inspired by the professional makeup tools used in Kabuki theatre in Japan. Japonesque’s product line includes makeup brushes, eyelash curlers, tweezers, makeup cases and other beauty accessories. The company has recently launched into color cosmetics with great receptivity from retail partners, consumers
Kinetics Energy Services has closed a private equity financing with Natural Gas Partners, through its affiliate, NGP Natural Resources XI (NGP).
Kinetics is focused on acquiring, integrating and growing North American energy services & equipment companies providing well completions and production enhancement.
Chaden Lassoued, Chief Executive Officer of Kinetics, previously spent two decades in key leadership roles with Schlumberger Limited, undertaking assignments in the Middle East, North America, Latin America, Europe, Africa and Asia. Most recently, Lassoued served as President of Well Intervention where he led more than 9,000 employees and had responsibility for approximately USD3 billion in global revenue.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
