Allocations
Bridgepoint Development Capital (BDC) has acquired Phlexglobal, a provider of Trial Master File and electronic Trial Master File solutions and services to the life sciences sector.
Phlexglobal was previously backed by Inflexion.
BDC will support Phlexglobal’s plans to develop technologies, expand its client base across pharma, biotech and contract research organisations and extend its global footprint.
Alan Payne, partner at BDC, says: “With the increasing emergence of technology in the TMF market, the company is now well placed to replicate its eminence in the services market to become the eTMF provider of choice and the leading TMF services
Kirill Dmitriev, chief executive of the Russian Direct Investment Fund (RDIF), is launching an initiative to form a joint fund to invest in the equity capital of BRICS infrastructure projects.
Dimitrev made the announcement at the BRICS summit in Fortaleza. Representatives of leading financial institutions, BRICS sovereign wealth funds and RDIF’s international partners have given their support to the initiative.
Should the negotiations be successful, the joint fund will become operational by the next BRICS summit which is scheduled to take place in Ufa (Russia) in 2015.
Since its inception in 2011, the RDIF has raised in excess
Equistone Partners Europe has exited PD&MS Energy, a provider of engineering, procurement and construction (EPC) services for the global oil and gas industry, in a secondary buyout to Inflexion.
The mid-market private equity firm has achieved a 2.9x return on total investment after it backed the management buyout in 2010.
Founded in 2002 by its current management team, PD&MS Energy serves the drilling, production and marine sectors. Its core capability is ‘brownfield’ design engineering services, using project planning and design software tools to service drilling and production operators throughout the oil and gas market.
PD&MS Energy employs more
NorthEdge Capital, the private equity firm focused on investing in businesses based in the North of England, has backed Blackburn-based tissue converter Accrol Papers in a GBP66million deal.
Accrol, established in 1993, employs 300 staff with a current turnover exceeding GBP100million. One of Europe’s largest independent converter of soft tissue products, the business has a manufacturing capacity in excess of 80,000 tonnes per annum.
The business, founded by the Hussain family, has grown significantly in the last five years. The investment by NorthEdge will facilitate the acceleration of the company’s expansion programme to increase capacity and support further growth,
Private equity fund Change Capital Partners has acquired a majority stake in Frette, an Italian luxury linen and home furnishings business.
Change Capital Partners will make a significant investment into the company.
Frette’s existing owner, JH Partners, a San Francisco-based consumer focused private equity firm, will retain a minority stake in the business.
Founded in 1860, the company has supplied high quality linens to aristocratic families throughout Europe as well as the Vatican. Frette has 15 directly owned boutiques around the world.
Frette had consolidated sales of circa EUR90m in 2013 and it sells through a combination
The Intralinks Deal Flow Indicator (DFI) for the quarter ended 30 June shows 16 per cent quarter-on-quarter (QoQ) and 12 per cent year-on-year (YoY) increases in early-stage global M&A activity.
The latest data reveals particularly strong performances in Europe, Middle East and Africa (EMEA) and North America. Overall, this quarter’s results point to sustained momentum in M&A activity to the end of 2014, building on the strong levels of M&A activity seen in the last year.
Based on the results of the Intralinks DFI so far this year and its strong correlation to the volume of future announced deals,
The Abraaj Group has acquired a majority stake, through its funds, in Polyclinique Taoufik, a private hospital in Tunisia.
Based in Tunis, Clinique Taoufik was one of the first private healthcare institutions established as part of efforts to modernise Tunisia’s healthcare system. The hospital currently treats 75,000 in- and out-patients per year, offering services such as general surgery, heart surgery, neurosurgery and obstetrics. The company also has an emergency service, a radiology centre and laboratory dedicated to patients of the hospital.
With 164 beds, the hospital is the second largest in terms of bed capacity. With Abraaj’s financial and
With around a week to go before the deadline for authorisation, some 47 per cent of alternative investment fund managers have still not filed under the Alternative Investment Fund Management Directive (AIFMD).
That’s according to a snapshot survey, commissioned by Alceda and Kepler Partners, which was completed at the end of June.
Some 56 alternative fund managers, with in excess of USD300 billion under management, participated in the survey, representing firms in Europe, Asia-Pacific and the US.
Authorisation under the AIFMD means hedge fund and private equity fund managers will be subject to a host of new requirements,
APG Asset Management and Aquila Capital have formed a partnership to invest a targeted EUR500 million in the acquisition and development of European hydropower plants.
APG has commissioned Hamburg-based Aquila Capital to establish an investment vehicle dedicated to hydropower infrastructure, which aims to make investments in operational plants and develop new projects across Europe.
APG will commit EUR250 million to the venture. Considering the capability to make use of debt financing, the total enterprise value of the investments is projected to amount to up to EUR500 million.
Aquila Capital will provide the operational management of the hydropower assets as well as portfolio management services to the partnership.
Hydropower has a much higher efficiency ratio (i.e. ratio
Generali has launched a Luxembourg-based asset management company to focus on UCITS and alternative investment vehicles domiciled in Luxembourg.
Generali Investments Luxembourg will support the global business activities of Generali Investments Europe, the main asset manager of Generali Group with approximately EUR350 billion of assets under management.
The new company has been established through the partial demerger of a joint venture with Banca Generali.
Santo Borsellino, CEO of Generali Investments Europe, says: “The launch of Generali Investments Luxembourg is an important pillar of our strategy to expand our third-party business, allowing Generali Investments Europe to best serve and
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
