Allocations
Infinity Racing Partners has acquired a 35 per cent minority stake in Lotus F1 Team effective immediately.
The acquisition marks another milestone for Lotus F1 Team in its quest to become the leading outfit in Formula 1 racing. The team finished fifth in the 2011 Constructors’ Championship and fourth in 2012.
Infinity Racing is an investment consortium whose special purpose vehicle is comprised of private investors that include an American hedge fund manager, an Abu Dhabi-based multinational business group and royal family interests of a major oil producing nation.
Lotus F1 Team was previously 100 per cent owned
Farallon Capital Management’s investment funds have acquired 101,589,656 shares in Whitehaven Coal from entities associated with Nathan Tinkler (Aston Resources Investments and Boardwalk Resources Investments).
These shares represent approximately 9.91 per cent of the issued shares in Whitehaven.
The Farallon Funds have also agreed to purchase an additional 16,672,031 Whitehaven shares (approximately 1.63 per cent of the issued shares in Whitehaven) from ASM Equities Fund, subject to obtaining FIRB approval. The Farallon Funds also continue to hold a further 52,153,034 Whitehaven shares (approximately 5.09 per cent of the issued shares in Whitehaven).
Farallon believes the current market
Triogen Group, a supplier of waste heat recovery solutions, has closed a EUR6.5m financing round.
Wadinko NV joined as a new investor and led the round. Existing investors Yellow&Blue, Intervest and management also participated in the round.
The new funding builds on strong results to date and will be used to further accelerate growth within the EU and internationally, as well as to strengthen ties with strategic partners. Over the past years Triogen has expanded its reseller network and installed base to ten countries, proving commercial validation and operational robustness in a broad range of markets, regulatory environments
The Russian Direct Investment Fund (RDIF) and General Electric (NYSE:GE) are to create a joint venture (JV) for the construction of mini power plants for manufacturing companies across Russia.
The Memorandum will be signed at a ceremony on June 21st by Ron Pollett, GE President and CEO for Russia and CIS countries, and Sean Glodek, RDIF Director, at the Saint-Petersburg International Economic Forum. Jeff Immelt, GE Chairman and CEO, and Kirill Dmitriev, RDIF CEO, will also attend the signing.
Growing demand for individual electric power generation systems in Russia has been driven by growth of the industrial sector. The
Ashburton (Jersey) Limited is to form the international arm of a new asset manager that will become the fourth financial services franchise of FirstRand Limited alongside existing brands FNB, RMB and WesBank.
The new business takes its name from Ashburton, which has a long established track record of providing traditional products in developed and emerging markets, and which will now form part of Ashburton Investments.
These traditional offerings – currently managed on behalf of both international and Southern African investors – will be supplemented by the integration of the investment management businesses of BJM, RMB Private Bank
German Equity Partners III (GEP III), the private equity fund managed by ECM Equity Capital Management, is selling its majority shareholding in KADI, a Swiss producer of frozen food, to the Munich-based private equity company Paragon Partners.
GEP III acquired a majority interest in KADI in July 2008 in the context of an ownership succession. The management team will maintain a significant equity interest in the company and is reinvesting as part of this transaction.
Together with Paragon Partners KADI intends to continue its growth strategy. The parties have agreed not to disclose the purchase price or other
SiteWit Corporation, which automates search engine marketing and website engagements for small businesses, has raised over USD1.5m in new equity capital from investors including Stage 1 Investors.
SiteWit provides small to medium sized businesses with tools that enable them to efficiently market their websites on Google AdWords, Bing Ads and Yahoo, which results in higher conversion ratios of website visitors to customers and sales growth. SiteWit markets its tools exclusively through a cadre of large hosting and software as a service partners who focus website building software and also partners who create marketplaces for the SMB market.
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European private equity firm, Cinven, is to acquire CeramTec from Rockwood Holdings, Inc. (NYSE. ROC) for a total consideration of EUR1.49 billion.
CeramTec is a leading global manufacturer of high performance ceramics for application in medical, automotive, industrial, and electronic end-markets. The Company’s proprietary product portfolio includes hip joint prostheses components, including the Biolox brand; high speed cutting tools; and ballistic ceramics for armour.
In 2012, the Company generated revenues of €425 million. Its main operations are located in Plochingen, Germany and CeramTec employs more than 3,000 people across 18 facilities worldwide.
Building on more than 100 years of innovation,
Private equity (PE) exit numbers dropped in Europe last year to 61 from 2011’s total of 85, according to Myths and challenges – How do private equity investors create value?, Ernst & Young’s annual study of European PE exits.
The report cites a volatile economic climate and low transactions activity as the primary challenges for PE.
However, despite the criticism sometimes levelled at the industry, in aggregate terms PE-owned businesses grew employment by two per cent in 2012. Forty-four per cent of the businesses studied made add-on acquisitions, while only 10 per cent made disposals. Eighty per cent
Eaton Towers, a pan-African tower company, has signed a deal with Telkom Kenya covering its existing portfolio of over 1,000 towers.
The 15-year management and leasing deal is focused on both the maintenance of existing sites and building new sites and extends Eaton Towers’ partnership with the Orange Group following the 2012 deal with Orange Uganda.
Eaton Towers has also completed its third round of equity financing, provided by majority shareholder Capital International Private Equity Fund (CIPEF) and its co-investment limited partners.
Integrated telecommunications services provider Telkom Kenya operates Orange’s mobile and fixed-line telecommunications services in Kenya.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
