Allocations
Russia-China Investment Fund (RCIF) has completed the acquisition of a 42% stake in RFP Group (Russian forest products group).
RCIF’s investment in the company will support the construction of the “Centre for deep wood processing”, the biggest in the region.
The investment by RCIF supports the company’s strategy to further develop high value-added wood processing. The company recently commenced operations of a new manufacturing facility with production of premium larch veneer for the Japanese and Chinese markets. Furthermore, the company will utilize financing from shareholders, as well as debt financing, to construct a sawnwood plant scheduled to launch in
International Fiber Corporation has acquired Fibred, a provider of premium soy fibre products for numerous food end-markets, its first acquisition since being acquired by private equity firm Arsenal Capital in August.
Founded in 1898 and headquartered in Cumberland, Maryland, Fibred manufactures dietary soy fibre sold globally for use in baked goods, meats, cereal, dairy products, health foods, and many other applications. The acquisition builds on IFC's industry leading position in insoluble fibre products, and adds significant breadth to IFC's product offering and manufacturing capabilities through Fibred's unique "wet" process. Fibred's flagship product is sold under the trade name FI-1 Soy
Private equity firm ClearLight Partners has acquired a significant ownership interest in Planet Fitness franchisee, Taymax Fitness, a leading health club operator in Texas and Tennessee.
Planet Fitness is the fastest-growing full size health club franchise in the US, and provides its members with an unbeatable value and a relaxed Judgment Free atmosphere that allows them the opportunity to pursue an active, healthy lifestyle without being judged by others. Financial terms of the transaction have not been disclosed.
Kyle Nagel, CEO of Taymax, says: “We are excited to have ClearLight Partners joining our team as we enter the next phase
Funds advised or controlled by Kohlberg Kravis Roberts & Co (KKR) are acquiring the SBB/Telemach Group from Mid Europa Partners.
The executive management team led by founder Dragan Šolak will remain in place and retain a substantial stake in SBB/Telemach Group.
Financial terms of the transaction have not been disclosed.
SBB/Telemach Group is the leading Pay-TV (cable, DTH) and broadband operator in South-East Europe , with a population of over 20m in SBB/Telemach Group’s current operating perimeter. SBB/Telemach Group operates in Serbia, Slovenia, Bosnia, Croatia, Montenegro and Macedonia and has around 1.7 million cable and satellite TV, broadband, fixed and
Citco Corporate & Trust has reached an agreement to acquire Société Européenne de Banque’s (SEB) Corporate Management Services business. SEB plans to focus on its core banking activities.
SEB is the Luxembourg establishment of Intesa Sanpaolo Banking Group, Italy’s leading banking group and one of the top banking groups in Europe. Given its solid book of clients and SEB’s reputation of hiring and retaining quality staff, acquiring the Business is a significant and strategic move for Citco.
The Corporate Management Services portfolio consists predominantly of Luxembourg-domiciled entities comprising largely of corporate clients that are active across a whole spectrum of
Private equity firm Aurora Capital Group has completed the previously announced sale of Mitchell International to KKR.
Aurora acquired Mitchell in March 2007 along with co-investors Norwest Equity Partners and GE Pension. Financial terms of the transaction have not been disclosed.
Josh Klinefelter, head of Aurora's Software & Information Services practice, says: "Aurora's strategy of identifying outstanding companies and partnering with strong management teams to accelerate growth and profitability is exemplified by the success of Mitchell International. Mitchell's management team, led by CEO Alex Sun, has done a fantastic job of enhancing the company's strategic position, and we wish them
Private equity firm LongueVue Capital (LVC) has invested both equity and mezzanine capital in Ascent Aviation Services Corporation (Ascent).
Ascent is a Federal Aviation Administration licensed provider of maintenance, repair, and overhaul (MRO) services for multiple platforms of narrow body aircraft.
Based in Tucson, Arizona, Ascent specializes in heavy maintenance, teardown, storage, and line maintenance services for small to mid-sized operators and leasing companies. Ascent has the capabilities to service the B737, B757, B727, MD-80, DC-9, A320 and CRJ families. The ASCENT facilities located at Tucson International Airport consist of 48 acres of concrete ramp, over 34,000 square feet of
Middle market private equity firm The Sterling Group has completed the sale of its portfolio company, Stackpole International, to funds managed by Crestview Partners.
Sterling had acquired Stackpole through a corporate carve-out from Tomkins in August 2011.
Stackpole was an investment in Sterling's third fund, an USD820 million fund raised in 2010. The sale returns a significant portion of all called capital and fees to Fund III. Terms of the transaction were not disclosed.
Headquartered in Ancaster, Ontario, Stackpole is a manufacturer and supplier of highly engineered oil-pumps and powdered metal components to automotive original equipment manufacturers. EBITDA has
Palatine Private Equity has backed the secondary management buyout of social housing contractor Forrest, investing GBP16million for a significant minority stake.
The deal is Palatine’s fourth investment from its second Fund, which achieved a final close of GBP150million in June this year. The transaction sees private equity firm LDC achieve a partial exit, but leaves Palatine and LDC with a combined majority stake in the business.
Bolton-based Forrest is a leading provider of essential refurbishment and responsive maintenance services to the social housing market in the North of England. Over the last three years Forrest has established a renewables
The Russian Direct Investment Fund (RDIF) and Deutsche Bank have made a joint investment in Russia’s largest telecommunications company, Rostelecom.
The two parties will invest a total of USD237.1m on a parity basis, which will be used to further develop and strengthen the company’s market position. The transaction has received the necessary approval from Rostelecom, as well as the governing bodies of RDIF and Deutsche Bank.
As a result of the deal, the two investors will purchase 72,187,366 Rostelecom ordinary shares from its subsidiary company MOBITEL. The structure of the deal also contains agreements relating to call and put options,
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
