Allocations
Cushman & Wakefield, a global real estate services firm, HAS finalised a strategic investment of USD500 million in Greystone, a national commercial real estate finance company, acquiring a 40 per cent stake in Greystone’s Agency, FHA and Servicing businesses.
Greystone, a multi-family lender, intends to use the capital to create new product offerings which will position the company for future expansion.
ClearCourse Partnership, a group of innovative technology companies providing market-leading software, services and integrated payments solutions, is to acquire Eworks Manager , a provider of job management software.
Financial terms of the acquisition, which sees the Company strengthen the Group’s Business Services division, have not been disclosed.
Cigna Ventures, the corporate venture capital partner and wholly owned indirect subsidiary of Cigna Corporation (Cigna), has participated in a USD750 million financing to support Bright Health Group, a technology-enabled fully aligned system of care, built for healthcare’s consumer retail market.
The Company’s largest existing shareholder, New Enterprise Associates (NEA), will also participate as a co-investor.
Under the terms of the investment, Cigna and NEA will purchase, in aggregate, USD750 million of convertible perpetual preferred stock (the Series A Preferred), with a purchase price of USD1,000 per share. The Series A Preferred carries a 5.0 per cent dividend, which will
Audax Private Equity (Audax) has made a strategic growth investment in Veterinary Practice Partners (VPP), a veterinary practice management group and portfolio company of Pamlico Capital.
Terms of the transaction have not been disclosed but VPP will use the investment funds to further its co-ownership model whereby it provides operational support to veterinarians across learning and development, HR and recruiting, marketing, technology, and finance.
Alcidion Group Limited (Alcidion) has signed a binding share purchase agreement (SPA) to acquire 100 per cent of the issued capital of Silverlink PCS Software Ltd (Silverlink).
The acquisition price for Silverlink is GBP30.0 million (AUD55.5 million) upfront in cash, with a further GBP3.0 million (AUD5.5 million) subject to earn-out based on successful renewal of select customers prior to 31 March 2024.
Concurrently, the Company is raising AUD55 million via a placement, and underwritten accelerated non-renounceable entitlement offer to institutional and retail shareholders.
Liontrust has agreed to acquire Majedie for an initial consideration of GBP80 million (including regulatory capital) plus up to GBP40 million for excess NAV and deferred consideration.
Majedie’s institutional fund management team will be joining Liontrust when the acquisition is completed in April 2022. On completion, the team will be renamed the Liontrust Global Fundamental team and continue to be headed by James de Uphaugh.
American Family Ventures along with new and existing investors including Bain Capital, ICONIQ Capital, LLC, G20 Ventures, Pillar, and General Catalyst, has led a USD60 million funding round in Hometap, a loan alternative for tapping into home equity without taking on debt.
The latest funding round brings total operating capital raised to date by Hometap to USD95 million.
Private markets have been growing almost exponentially over the last 10 years. As banks have pulled back from lending with regulations starting to bite, more private asset managers have put together lending strategies to replace what the banks traditionally provided in the market.
Covid correction
There was a sense that Covid-19 might provide a correction to this growth, especially as it has been 13 years since the last correction. Greg Myers, Group Sector Head – Debt & Capital Markets at Alter Domus, a leading provider of integrated solutions for the alternative investment industry, says: “Everyone thought that Covid would be
By A Paris – Having entered the year with a record fundraising pipeline, according to a report by McKinsey, private debt was set for success in 2021. And the asset class did not disappoint; with strong returns and growing inflows, investors continue to allocate to this sector in search of opportunity, risk mitigation and diversification.
Data from Pitchbook shows that private debt generated a 9.2 per cent in Q1 2021, with preliminary Q2 2021 returns of 9.1 per cent being suggested. Distressed debt, venture debt and infrastructure debt helped push the private debt returns overall to 15.2 per cent, according to
Browne Jacobson’s corporate health lawyers have advised specialist healthcare services private equity investor, Weight Partners Capital (WPC) on its investment in Grosvenor Health and Social Care (Grosvenor) for an undisclosed sum.
WPC’s investment will support Grosvenor in its ambitions for further geographical growth across the UK and will also give the organisation the opportunity to broaden out its service offering.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
