FORWARD FEATURES CALENDAR

Allocations

Wind farm
Capital Dynamics, a private asset manager, has invested in a 21-megawatt (MW) onshore wind farm project in Northern Ireland.   Capital Dynamics holds a 100 per cent ownership stake in the project called the Dunmore wind farm.   Capital Dynamics has commenced construction of the project and has secured a 15-year agreement with a major UK power retailer for the purchase of the energy produced by the seven turbine scheme. This means investors will begin receiving steady streams of income immediately upon completion of the project and commencement of power generation, both of which are expected in the first quarter
British pounds
m2fx, the inventors and producers of a range of patented Miniflex fibre cables, has raised GBP2m in a funding round led by existing investor Linnaeus Capital Partner. The new investment will be used to accelerate the company’s worldwide sales and further expand its customer base, particularly in the Fibre to the Premises (FTTP) market. The growing global rollout of FTTP networks to deliver high speed broadband to consumers and businesses is providing opportunities for m2fx. Its Miniflex range of fibre cable, microduct and protection tube products are ideal for the last 200 metres of fibre installations, dramatically reducing installation time and
Blue Wolf Capital Partners and Atlas Holdings are to acquire a controlling interest in Twin Rivers Paper Company from Brookfield Asset Management.   Terms of the agreement have not been disclosed.   The transaction is expected to close in approximately three weeks, allowing time for certain procedural requirements. Blue Wolf and Atlas, both New York-based private investment firms, have long track records of building forest products companies in North America.   Twin Rivers, with facilities in Edmundston and Plaster Rock, New Brunswick, and Madawaska, Maine, has been a vital economic engine for the region for over 80 years, producing specialty
US Debt Ventures, a private equity firm that has acquired over USD750m in non-performing loans to date, has secured a USD100m revolving credit facility from a major financial institution.   The facility gives US Debt Ventures increased capacity to further expand its successful non-performing loan and REO disposition model.   The firm expects to surpass USD1bn in total portfolio purchases in 2013 and following the close on this financing facility, US Debt Ventures plans to deploy committed capital through national non-performing loan and REO portfolio acquisitions.   Todd Billings, chief executive of US Debt Ventures recently, says: "We are pleased
The aggregate value of all disclosed value deals grew 58 per cent year-on-year to USD36.4b, according to Ernst & Young’s Global technology M&A update: January – March 2013.   Deal volume fell 12 per cent YOY and five per cent compared with the previous quarter to 661 deals.   Aggregate disclosed value would have fallen by 48 per cent if not for a single announced technology transaction valued at USD24.4b (Silver Lake Partners and Dell as announced on 5 February 2013).   However, even the large deal values reflected the profound challenges of transforming a strong, well-established company to align
British pounds
Irresistible Materials (IM), a UK materials technology company spun-out from the University of Birmingham, has secured GBP290,000 of further support from its investing shareholder Mercia Fund Management and new business angels from the US and UK.   IM has also appointed Stuart McIntosh as its new chairman. McIntosh has 40 years’ experience of the semiconductor industry. Previously, he was the president of ASML a multi-billion pound company and the one of the world’s leading suppliers of lithography tools to the semiconductor industry.   IM was created in 2010 to further develop and commercialise the University of Birmingham’s photo-resist technology for the next
Electranova Capital, the private equity innovation fund managed by Idinvest Partners in association with EDF, has invested in Forsee Power Solutions with the aim of supporting its growth and business development.   Founded in 2011, Forsee Power Solutions is a leading participant in the market for batteries, specialising in integration which entails designing, developing and assembling battery systems.   Forsee Power Solutions operates in a fast-growth market currently undergoing transformation: solutions for power storage needs driven by the development of renewable energies (residential, commercial and industrial power storage), hybrid and electric vehicles, in addition to mobile devices and equipment (electric
HBJ Gateley has advised the private equity firm Azure Investments on its acquisition of Dundee-based construction business Muirfield Contracts, as the builder seeks to target Scotland’s thriving energy sector.   Despite the continuing difficulty in the building industry, Muirfield has posted consistent year on year growth, with GBP2m profit from GBP42m turnover in FY2012/13.   The deal comes as Muirfield Contracts owner Maurice McKay prepares for retirement, with Azure Investments seeking to continue the company’s growth by targeting Aberdeen’s oil and gas industry.   Lindsay Cowan, former regional managing director of Mansell Homes for Tayside and Fife, has been appointed
Atlanta-based private equity firm Hibernian Pacific Holdings (HPH) has bought a portfolio of 45 single family attached and detached residential properties in DeKalb County, Georgia.   The properties were bought from a private seller, with terms not to be disclosed.   Since its inception in 2009, HPH has focused its efforts on acquiring cash-flowing and value-add commercial real estate properties, not residential properties.   “Our core and focus at HPH has been commercial real estate assets and non-performing commercial real estate loans owned by community banks,” says Hibernian Pacific Holdings president and chief executive Jason Joseph (pictured). “This transaction was
Positive Cashflow Finance has secured a GBP22m funding line from RBS Invoice Finance and NatWest in a deal that gives the directors a majority shareholding in the business they founded five and a half years ago.   The company, which was backed by private equity firm Infinity Asset Management in December 2007, recently announced profits of GBP652,000 for 2012, on a turnover of GBP3.6m.   The firm provides funding facilities from GBP10,000 to GBP1m to improve working capital, fund acquisitions and accelerate growth.   Positive’s managing director David Smith (pictured) says: “We have enjoyed a fantastic relationship with our investors.

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