Allocations
The Rise Fund, the global impact investing platform of alternative investment firm TPG, is to invest USD200 million in Airtel Mobile Commerce BV (AMC BV), a wholly owned subsidiary of Airtel Africa.
AMC BV is currently the holding company for several of Airtel Africa’s mobile money operations; and is now intended to own and operate the mobile money businesses across all of Airtel Africa’s fourteen operating countries.
The Transaction values Airtel Africa’s mobile money business at USD2.65 billion on a cash and debt free basis. The Rise Fund will hold a minority stake in AMC BV upon completion of the
The Riverside Company, a private equity firm focused on the smaller end of the middle market, has signed a definitive agreement with Vista Equity Partners (Vista) to sell ARCOS, a specialist in resource management software for utilities, airlines and other critical infrastructure industries.
The proposed transaction is expected to close in the second quarter of this year, subject to the satisfaction of customary closing conditions.
Since 2005, ARCOS’ technology has helped hundreds of the largest utilities and airlines manage their crews and resources, especially in unplanned scenarios where resources are needed on short notice.
“We are proud of the work
Oncology data and informatics platform M2GEN has secured a significant new investment by Clayton, Dubilier & Rice (CD&R) funds, the Merck Global Health Innovation Fund (Merck GHI), and McKesson Ventures. The financial terms of the transaction have not been disclosed.
Merck GHI and McKesson Ventures invested alongside CD&R funds, collectively now the company’s largest shareholder. Existing shareholders Moffitt Cancer Center, Hearst Healthcare, and The Ohio State University Foundation continue to hold a significant minority interest M2GEN. Proceeds from the transaction are expected to accelerate growth of M2GEN’s consented, linked clinical and genomic data asset and advance the technology and informatics
New State Capital Partners (New State) and its portfolio company, Mako Steel, have made a majority investment in Rabco Enterprises LLC, a full-service provider of self-storage building systems based in Winter Garden, Florida.
Together, Mako and Rabco will form a nationwide self-storage solutions company. Terms of the transaction have not been disclosed.
The Rabco executive team will retain a stake in the combined operation. Mako Steel CEO Caesar Wright will become CEO of the combined entity, and Emmett Buster Owens III, president of Rabco, will continue with the combined company. Ron Raboud and Larry Cox, owners of Rabco, will
Resurgens Technology Partners, a software-focused private equity firm, has made a strategic investment in Pennsylvania-based EnergyCAP, Inc.
EnergyCAP’s solution, which includes its industry-leading software and complementary services, is used by more than 2,100 organisations across government, education and commercial sectors to streamline utility bill accounting and energy management.
For decades, EnergyCAP has empowered organisations to derive value from their energy information. The company’s award-winning EnergyCAP software is at the core of each implementation and delivers the functionality that energy, sustainability and facility managers need to meet energy conservation goals, improve their organisation’s bottom line and protect the environment. A market
Regulation has been at the forefront of investors’ minds ever since the global financial crisis in 2008. In the current environment, the need for oversight and monitoring is even more necessary as the industry navigates uncharted waters. However, this requirement for more robust supervision needs to be tempered with flexibility.
Ireland’s amended Investment Limited Partnership (ILP) Act, which came into effect on 1 February, strikes a balance between regulation and broad investment capabilities. Barry O’Connor (pictured), partner in the Asset Management and Investment Funds Group at Matheson, explains: “Within the ILP and in contrast to similar vehicles in other jurisdictions
Lovell Minnick Partners, a private equity firm focused on investments in financial services, financial technology and related business services, has acquired a majority stake in UniversalCIS, a technology-enabled provider of credit data and related origination solutions in the mortgage industry.
Moving forward, Lovell Minnick and UniversalCIS’ management team will work closely to leverage this investment to fuel continued growth of the Company and provide additional capital for future acquisitions. Financial terms of the transaction were not disclosed.
Headquartered outside of Philadelphia with four additional operations centres across the country, UniversalCIS provides a leading technology platform that offers credit data
Private assets have experienced significant growth in the last few years and Ireland is now set up to further benefit from this expansion through the Investment Limited Partnerships (Amendment) Act 2020 (ILP Act) which was enacted into law in December 2020.
“Private equity funds have performed well and are increasingly popular with investors and asset managers alike,” observes Vanora Madigan, executive director, DMS Governance, “These funds are established in Ireland as Qualifying Investor Alternative Investment Funds (QIAIFs) which have few investment restrictions and allow PE managers to raise capital within the EU marketplace with relative ease by availing of the
Managers looking to take advantage of the new structure launched in Ireland, the Investment Limited Partnership (ILP), will be able to maximise cost efficiency and time-to-market. The Irish legislation allows the adoption of an umbrella structure, meaning managers can launch sub-funds swiftly and save on legal and audit fees.
“A General Partner (“GP”) can have sub funds in the LP, which have segregated liability between them. This offers speed to market for those sub-funds since the manager will have the legal structure and the necessary service providers all lined up for the umbrella fund. Therefore, adding a sub-fund will not
In a hunt for yield, investors have been enticed to consider allocating to illiquid asset classes in long-term, closed-ended products. Limited partnerships have been and continue to be the structure of choice for such investments, particularly for private equity (PE) and venture capital (VC).
Against this backdrop, the Irish Government has worked to modernise and enhance the existing Irish investment limited partnership (ILP) legislation with the view to making Ireland a global location for private equity funds*. As discussed by Peter Stapleton, head of the Irish Funds & Investment Management team at Maples and Calder, the Maples Group’s law firm
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
