Allocations
Middle market private equity firm American Industrial Partners has acquired the US operating subsidiaries (AIP Aerospace) of Hampson Industries.
The transaction marks the fund’s fifth investment in 2012 and will be made out of American Industrial Partners Capital Fund V, AIP’s USD717.5m fund that closed in December 2011.
AIP Aerospace, with approximately 1,140 employees and 10 manufacturing facilities located in California, Michigan and Texas, has developed unique product offerings and capabilities to serve the global aerospace market.
The investment is comprised of five operating divisions with a total of approximately USD210m in sales: three developers of complex metallic and composite
Hogan Lovells has advised the management of Xafinity Consulting on the firm’s acquisition by CBPE Capital from the Equiniti Group, announced on 16 November 2012.
CBPE is a private equity firm which invests in companies seeking growth or development capital.
Xafinity has over 350 employees operating from six regional UK offices and provides a range of actuarial, pensions, healthcare and other employee benefits consulting and administration services predominantly to the trustees and sponsors of corporate pension schemes.
The Hogan Lovells team advising the management was led by co-head of private equity Alan Greenough (pictured), supported by of counsel Keith Woodhouse
Sleep Innovations, a specialist in designing and manufacturing sleep solutions and comfort products, has been acquired by an affiliate of Sun Capital Partners.
The private investment firm specialises in leveraged buyouts and investments in market-leading companies. Terms of the private transaction, which was announced on 18 October 2012, have not been disclosed.
“Sleep Innovations is pleased to join the Sun Capital portfolio,” says Michael C Thompson, president and chief executive of Sleep Innovations. “This partnership will fuel our continued investment in research and development, expand our operations, drive new product and category innovation and accelerate our strategic growth plan.”
“Sun
More than half (58 per cent) of UK private equity and venture capitalists expect the level of PE investment in the technology sector to increase over the next two years, with cloud and managed services viewed as the top two most attractive sub sectors, according to a report from business and financial adviser Grant Thornton UK.
Whilst deal volumes are around 60 to 70 per cent of the 2008 peak, the technology sector has fared much better than most and 2012 has seen the return of PE hunger for the best UK technology deals.
Over the next 12 months, two
HIG Capital’s European affiliate, HIG Europe, has acquired shares representing 49.99 per cent of the capital of Vértice 360 Servicios Audiovisuales (VSA) – until now fully owned by Vértice 360º – for a total of EUR16m.
The investment has taken place through a capital increase, following which the remaining 50.01 per cent of the company’s capital will continue to be held by Vértice 360º.
VSA provides technical services and equipment for audiovisual production, post-production and advertising, broadcasting television channels and live events. VSA is part of Vértice 360º, one of the main audiovisual groups in the Spanish-speaking market, which has
Blackstone has closed the previously announced acquisition of Vivint.
Blackstone Capital Partners VI, a fund managed by Blackstone on behalf of its private equity investors, acquired Vivint for in excess of USD2bn.
The acquisition includes three primary assets: Vivint, one of the largest home automation services companies and the second largest residential security services provider in North America; Vivint Solar, the fastest growing solar company in the US using power purchase agreements to provide affordable solar solutions to residential consumers across North America; and 2GIG Technologies, which creates security and automation equipment for the residential and small commercial markets.
IFG Trust and Corporate Group has acquired Jersey-based Moore Group.
This is the first acquisition since the group’s MBO in July this year when it separated from IFG Group Plc.
Growth is one of the group’s main objectives and the purchase of the Moore Group, which has administers assets in excess of USD17bn, will significantly expand its existing fund administration business both in terms of product set and geographical reach especially in the Far East.
Moore was established by Ian Moore (pictured) in 1996. Ian Moore will continue to work with the group and will assume the role of
The Resolute Fund II SIE, an affiliate of The Jordan Company, has partnered with the management team of Sequa Automotive Group to purchase the business from its parent company, Sequa Corporation, a diversified industrial company with operations in aerospace and metal coatings.
Financial terms of the transaction were not disclosed.
Sequa Auto is a supplier of highly engineered automotive components. The company operates under two business segments: Casco Products Corp and ARC Automotive. Casco is a leading supplier of automotive power outlets, connectivity devices and sensors. ARC is a leading independent provider of airbag inflators, the critical component in a
Breathing Buildings, the natural ventilation specialist, has secured second round funding to expand its business both in the UK and internationally.
The energy-saving potential of the company’s unique e-stack ventilation system is well recognised and this latest investment will enable Breathing Buildings to embark on its plan to substantially grow the business.
In the UK new sales team members are being appointed across the country and the recently announced partnership with Price Industries will see the company expand further into the US market.
The funding comes to Breathing Buildings from three very different organisations.
First, the Berti Green Accelerator programme,
Base79, a European online video company, has received an equity investment from The Chernin Group (TCG), alongside continued participation from existing investor MMC Ventures.
Proceeds from the round will be used to accelerate Base79’s expansion across Europe and into other global territories, to build owned-and-operated brands and channels, and to invest in the company’s products and technology.
Founded in 2007, the company has offices in London, New York and Sydney, and has plans to increase its presence in continental Europe within the next 12 months.
Base79 partners with video rights holders and producers to build online audiences and brands, claim
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