Allocations
Ares Management and GE Capital’s European Senior Secured Loan Programme (ESSLP) has provided a GBP75m financing package for CVC Growth Partners’ acquisition of Wireless Logic.
The acquisition was funded by a GBP65m ESSLP Unitranche facility, which provides flexible and deliverable financing solutions of scale. In addition, a GBP10M working capital and acquisition facility was provided by GE Capital.
This deal marks the 12th transaction for the ESSLP since its inception in 2012 and brings total commitments funded to EUR1.3 billion. The EUR1.75 billion programme, the first of its kind in the European debt market, is structured to provide flexible unitranche
Funds managed by the private equity business of Neuberger Berman have acquired a minority interest in CSC ServiceWorks (CSC). Terms of the transaction have not been disclosed.
CSC is the largest North American route-based service provider of multi-family housing and commercial laundry services, as well as the global leader in air vending services to convenience stores and gas stations, with more than 1.4 million machines in service and greater than 3,000 associates across North America and Europe.
CSC was created In May 2013 when Pamplona simultaneously acquired Coinmach Service Corp. and AIR-serv Group LLC. Under Pamplona's ownership, CSC has
Acuity Trading, the UK news analytics company, has secured SEIS financing to accelerate the company’s growth in to the retail financial market and fund development of its sentiment-based products.
The funding initiative, led by The Jenson Seed EIS Fund, will be also be used to expand its reach in key retail markets, invest in sales and marketing resources, further develop its analytics capabilities and expand into new data types, including equities.
“News and opinion has notoriously influenced the financial markets and in today’s information age investors have access to a paralysing volume of news from fragmented sources. Investors no longer
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
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