Allocations
Ardian, the independent private investment company, is to acquire an additional five per cent equity stake in the CLH Group, the Spanish oil products and storage company, from Compañía Española de Petróleos (CEPSA).
With this investment, Ardian will become the largest shareholder in the company, increasing its shareholding to 15 per cent. Ardian first became a shareholder in CLH in 2011 with the acquisition of a 10 per cent stake. The closing of the transaction is expected before the end of this year.
This is the latest transaction from Ardian’s third generation Infrastructure Fund which is currently seeing a
Friedkin Capital Partners, owned and operated by Houston businessman Dan Friedkin, has teamed with the Harmon family, owners of Auberge Resorts, by investing in the boutique luxury resorts owner and operator.
Friedkin will serve as chairman of the board and Mark Harmon, the CEO and founder, will continue to serve as CEO, member of the board, and will continue to run the day-to-day business of the company.
"We are thrilled to announce this investment in the company and are pleased to have found the perfect active partner in Dan Friedkin to help us accelerate our growth plan," says Mark
SHIFT has raised USD6m in Series B funding led by venture capital firm DN Capital.
The new funding will be used for international expansion of SHIFT’s Open Marketing Cloud.
SHIFT’s Open Marketing Cloud provides marketers access to an ecosystem of best-in-class marketing apps, allowing users to access their choice of apps along with all of the data they need on one integrated platform to reach their customers across Facebook, Twitter and LinkedIn. This round brings total financing to USD14m to date.
Through the Open Marketing Cloud, users are enabled to collaborate across organisations in order to execute marketing
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
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