Allocations
Activa Capital has become the reference financial shareholder in Gaz Européen, an independent alternative gas distributor supplying the collective residential B2B market in France.
Gaz Européen's parent company has 60 years' experience in providing energy solutions to the collective residential B2B market – property managers, heating ventilation and air conditioning companies, tertiary and public companies.
Anticipating the liberalisation of the French gas distribution market, Gaz de Paris was founded in 2005. Experiencing a strong growth in the Paris Ile-de-France region, Gaz Européen has developed its national coverage by creating five regional entities in major cities in France: Gaz de
Private equity house WestBridge Capital has exited its investment in Mobile Computing Systems (MCS), securing a 3x return.
MCS, which provides software for construction companies, was the last of the assets WestBridge Capital inherited when it acquired Wales Fund Management in 2008.
Valerie Kendall, a partner at WestBridge Capital, says: “MCS has flourished under our stewardship. From break even five years ago, the company now has strong recurring revenues, healthy profits and a market-leading product.
“Given its exposure to the construction sector, the management team has done extremely well to grow the business, repay historic debt liabilities and
PNC Riverarch Capital has led an equity recapitalisation of Custom Molded Products (CMP), a manufacturer and distributor of injection moulded plastic components used in spas, pools, and whirlpool baths.
The investment was completed with a co-investment from Florida Capital Partners.
The transaction also included a significant re-investment by the CMP cofounders, William Drury and Charles Li, who will continue to lead the business going forward.
“Our investment in CMP fits well within our strategy of identifying well-positioned companies in attractive and growing end markets,” says Michael Hand, managing director of PNC Riverarch. “We were particularly attracted to the
US executives are confident about 2014 deal activity, but increased volumes will rely on clear signs of an improving economy and political stability, according to EY Americas transaction advisory services.
US M&A activity declined 9.2 per cent in 2013, with 7,656 deals this year compared to 8,428 last year.
Meanwhile, US deal values grew to USD838.6bn in 2013 from USD685.2bn in 2012, a 22.4 per cent increase, due to a number of headline-grabbing mega-deals.
Although there has been a drop in overall deal activity over the past 12 months, 41 per cent of US executives expect to pursue
Quercus Asset Selection, a company which specialises in infrastructure investments with a focus on renewable energy, has acquired a 27.7MW solar photovoltaic project from Good Energy.
The project is already under construction and will be connected by March 2014.
The project, one of the largest in UK, will be built in Milford Haven in Pembrokeshire (Wales), for a total value of GBP30m. The asset will form part of Quercus Renewable Energy Fund II, one of the funds managed by Quercus Assets Selection.
This follows the recent acquisition of a 14MW project in Cornwall and a pipeline for 254MW.
ObserveIT, a provider of user activity recording and auditing software, has raised USD20m from Bain Capital Ventures.
Growing over 3,500 per cent in the past five years, ObserveIT’s solution is used at more than 800 corporations in 70+ countries.
ObserveIT will use the funding to expand US headquarters and overall product development, sales and marketing. 


ObserveIT is the only provider of the complete visual log via a software-only solution and provides a comprehensive monitoring and insight into user activity that enables its customers to solve compliance, security and IT operational problems. 


“Customers are finding that ObserveIT is
Arsenal Capital Partners, a New York-based private equity firm that invests in middle-market specialty industrial and healthcare companies, has acquired Flowchem, a specialty chemical provider to the pipeline industry.
Founded in 2001, and headquartered in Waller, Texas, Flowchem is a provider of Drag Reducing Additives (DRAs) to improve pipeline flow in onshore and offshore pipeline applications.
The company's DRAs reduce drag and turbulence in petroleum pipelines in order to increase throughput capacity and energy efficiency, providing significant cost savings to pipeline operators.
The company has two operating facilities in Texas.
"We are delighted to have the opportunity
Carey Olsen has acted in a significant acquisition and financing deal by Goldman Sachs and affiliates to buy UK motor insurance company Hastings Insurance Group.
With 1.3 million customers, the group’s brands include Hastings Direct, People's Choice, Insure and Renew. The acquisition will be financed through a mix of equity and a bond issuance putting the group's value at around GBP700m.
The team from Carey Olsen advised Hastings on the Jersey legal aspects of the transaction. Corporate partner James Mulholland led the team which included partners Mike Jeffrey (mergers and acquisitions) and Simon Marks (financing), senior associates Matthew Ecobichon
Glennmont Partners, one of the largest infrastructure vehicles dedicated to clean energy across Europe, has secured a EUR50m investment in its second fund by the European Investment Bank (EIB).
The investment is the single largest clean energy equity investment made by EIB this year.
Clean energy investment is a key focus for the EIB as it works to support the European Union’s stated policy objective to cut greenhouse-gas emissions across Europe by 20 per cent over the next six years. In recent years the EIB’s annual lending in this sector has increased substantially reaching EUR3.3bn in 2012.
As
Following its angel funding round earlier this year Gousto, the recipe box delivery business that appeared on Dragon's Den, has now closed a USD2m investment led by venture capital fund MMC Ventures.
Existing investors, including the Angel CoFund, also participated.
The funding will be used to further strengthen the product and to fast-track the business.
The online food market is worth GBP7bn today and is forecast to grow to GBP18bn by 2018. Founded by Timo Schmidt and James Carter last year, Gousto delivers organic, local produce, in perfect portion sizes, with easy-to-follow step-by-step recipes – eliminating food waste
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
