Allocations
Private equity firm Agilitas’ portfolio company Recover Nordic has acquired Relita Industri och Skadeservice (Relita), one of the largest providers of damage control services in Sweden.
Terms of the transaction have not been disclosed.
Relita was founded by its CEO Torbjorn Borgstrom and Per Johnsson in 1996. As a result of this transaction, the current owners of Relita will become shareholders in the wider Recover Nordic business. Relita will continue to trade under its current brand name and Torbjorn Borgstrom will become Recover’s Head of Sweden.
Recover Nordic is the largest damage control provider in the Nordic region. Prior
Patina Rail, a consortium comprising Caisse de dépôt et placement du Québec (CDPQ) and Hermes Infrastructure, is to acquire a 40% shareholding in Eurostar International Limited from the UK Government.
CDPQ and Hermes Infrastructure intend to own 30% and 10% of Eurostar respectively. Eurostar’s other shareholders will comprise Société Nationale des Chemins de Fer Français (SNCF) (55%) and Société Nationale des Chemins de Fer Belges (SNCB) (5%).
Completion of the transaction remains conditional upon SNCF receiving clearance from the European Commission under the EU Merger Regulation and the transaction receiving clearance from the German Federal Cartel Office. SNCF and
Private equity backed senior executive recruitment firm, Rowan Group has exceeded its GBP1m turnover target to year-ending December 31 2014.
The company is planning to appoint up to 10 new staff in 2015 to support further growth.
In the last year the company, which operates through its Rowan Finance and Rowan Partners divisions, invested GBP250k in a new Spinningfields operation, expanded its North West presence with a new office in Chorley, Lancashire and grew its staff to 14 people from seven.
Within the 12 months the company placed over 85 professionals, of which 30 joined ambitious SMEs and private equity
The German financial regulator (BaFin) has recently adopted a reciprocal private placement policy whereby German funds not within scope of AIFMD are allowed to be privately placed into other EU member states, with corresponding funds from EU member states allowed to be privately placed into Germany on an expedited basis.
Hassans has taken a leading role in the drafting of a new private placement regime for Gibraltar, in part to satisfy BaFin’s requirements to gain reciprocal rights, and has acted for the first Gibraltar fund to gain approval from BaFin to privately place into Germany on a reciprocal rights basis.
RCM Alternatives is to join forces with Attain Capital Management, acquiring its fund offerings, education, research and database assets while bringing its principals and employees under the RCM umbrella.
The transaction is expected to close in the first week of March.
Both Chicago-based companies specialise in pairing high net-worth individuals, investment advisors, and institutional investors with commodity-focused managed futures investments through separately managed accounts and private funds. The combination of these leading companies in the managed futures space underscores the growing demand for access to alternative investments that can work as a hedge against market volatility and provide diversification through
Mitsubishi Corporation (MC) and CIMB Group (CIMB), together with Development Bank of Japan (DBJ), have launched a Southeast Asia-focused middle market private equity fund, AIGF (ASEAN Industrial Growth Fund).
AIGF, which is based in Singapore, had its first closing at USD130m, and is joined by Shinsei Bank, Limited, a leading diversified Japanese financial institution, as strategic investor, and leading Japanese industrial companies and prominent institutional investors including Hitachi, Ltd., Yamato Kogyo Co Ltd, and THE TOHO BANK, LTD. The Fund is aiming to reach approximately USD200m over the next 12 months.
AIGF is a unique private equity platform that seeks
HIG Capital portfolio company, Harrison Gypsum (HG), a producer and processor of high-quality minerals and aggregates has acquired JA Jack & Sons, Inc.
JA Jack is a miner and processor of limestone products, sold into building products, glass, plaster, agriculture, animal nutrition, and coatings applications. The Company owns and operates a quarry on Texada Island in British Columbia and ships rock to a processing facility in Seattle, WA.
“We are excited about the strategic expansion of our operations into the Pacific Northwest,” says Paul Harrington, Chief Executive Officer of Harrison Gypsum. “JA Jack not only allows us to grow outside
Apex Fund Services has acquired Pinnacle Fund Administration. Headquartered in Charlotte, North Carolina, Pinnacle operates additional offices in New York and Vancouver.
Fund managers in the US and Canada are seeking to partner with stable providers that can provide a variety of services and outsourcing solutions. Pinnacle’s existing clients will benefit immediately from the acquisition by being able to access Apex’s full range of fund administration services, as well as expand their market reach available through the Apex Global Network of 34 offices worldwide.
Apex will rapidly introduce to the US and Canadian fund services sectors, particularly to middle market
Colombian private equity fund manager Tribeca Management Company, “Tribeca”, has fully exited its investment in Operador del Terminal de Carga Aeropuerto Internacional El Dorado, “OTCA”.
OTCA was the exclusive operator of Bogota CargoCity, the air cargo terminal at El Dorado International Airport in Bogota.
The investment in OTCA returned US$56.5 million, resulting in an IRR of 22.9% for the project. Tribeca originally invested in OTCA in 2010 via FCP TCED (Infrastructure) – Fund II
The air cargo terminal at El Dorado International Airport in Bogota is the largest facility in Latin America. In 2014, it processed over 400,000 tons of
Sabre Industries a portfolio company of Kohlberg & Company has acquired FWT, a portfolio company of Satori Capital.
The business combination strengthens Sabre's position in the transmission and distribution structures sector.
"This investment in FWT is a perfect combination with Sabre. It increases our industry-leading capabilities, expands our footprint, and brings FWT's history of quality and service," says Peter J Sandore, President and Chief Executive Officer of Sabre. "Together, we will be able to better serve our customers in the electricity transmission industry."
FWT will operate as a subsidiary of Sabre and will continue to serve customers from its plants
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
