Allocations
Azora, a Madrid-based European private equity real estate manager, has raised EUR680 million for the launch of a new fund, Azora European Hotel & Lodging, EUR80 million above the Fund’s initial EUR600 million target. With a hard cap of EUR750 million, the Fund has an implied total capacity of more than EUR1.5 billion to invest in leisure hotel opportunities across Europe, with a significant proportion of the portfolio expected to be located in Spain, Europe’s most popular “sun & beach” destination.
Commitments were signed throughout the lockdown period and demonstrate investors’ continued confidence in both the long-term performance of the
Cheney Bros, a family-owned, operated regional food distributor serving the Southeastern United States, has closed an investment by funds managed by Clayton, Dubilier & Rice (CD&R).The investment will help fund the company’s continued expansion across its core markets, including, but not limited to, Florida and North Carolina. The Cheney family remain majority owners of the company, while Byron Russell, grandson of company founder Joe Cheney and CEO since 1981, remains Chairman and CEO. Terms of the transaction were not disclosed.
Founded in 1925, Cheney Brothers provides food and other broad line products to independent restaurants, restaurant chains, hotels, country clubs,
GPF Capital has closed its twenty-fifth transaction since its launch in 2015 with the acquisition via capital increase of a 50 per cent stake in Peris Costumes, a Spainish company specialising in the rental of wardrobe equipment for films and TV series. The Company complements the rental of garments, accessories, and jewellery with the manufacture, repair, dye and cleaning of clothing and footwear.
The current management team, which has a unique knowledge of the sector and is led by Javier and Alejandro Toledo, will remain in the business, and will continue to hold the other 50 per cent stake in
Supermarket Income REIT has acquired the Tesco Extra in Newmarket, Suffolk, from Standard Life Pooled Pension Property Fund for GBP61.0 million (excluding acquisition costs), reflecting a net initial yield of 4.6 per cent.Tesco has a long history of trading from this prominent nine-acre site which was originally developed in the 1980s and completely rebuilt in 2016.
The site comprises a 68,000 sq ft net sales area Tesco Extra with a 12-pump petrol filling station, 654 parking spaces and purpose-built online fulfilment distribution docks, supporting Tesco’s online grocery business across the region. It is being acquired with an unexpired lease term
Cowboy, at the manufacturer of a connected electric bike, has completed its Series B funding round, raising EUR23 million in total.
Leading the round is Exor Seeds, the early stage investment arm of Exor, controlling shareholder of Ferrari and FCA, HCVC, and Isomer Capital, joined by Future Positive Capital and Index Ventures, each of whom are known to support entrepreneurship and impact innovation in Europe.
Adrien Roose, Co-Founder & CEO, says: “We’re thrilled about this raise. It was important that we attract such a diverse group of world-class investors with a track record in supporting excellence in design and technology as we
LGT Capital Partners ESG Report 2020 reveals that 81 per cent of private equity managers already integrate ESG into their investment process, and a large part of the focus is shifting toward climate awareness.
According to Keimpe Keuning, executive director at LGT Capital Partners and one of the authors of LGT’s report, climate issues continue to grow as a priority on the agenda for firms in the financial industry.
In his view, there are two pressing issues in particular to deal with for the private equity industry: working toward standardising data in order to monitor adherence to the Paris Agreement, and
MyHelp, a Manchester based start-up building a digital solution for mental health service providers and patients has secured an investment from Catapult Ventures’ GM&C Life Sciences Fund.The company is founded by Kirren Kaur and Indi Singh, who have many years’ experience with the challenges faced in mental health care provision, and are well connected to health innovation in the North West: Kirren is a licensed cognitive behavioural therapist and Indi is an experienced commercial advisor driving the spread and adoption of innovative technology within the NHS.
MyHelp will use the investment to build and then trial a novel clinical interface
Olde Thompson, a California-based provider of private label and branded spices and seasonings, has acquired Gel Spice, a family-owned New Jersey-based importer and manufacturer of spices, seasoning, and bakery ingredients to both the retail and foodservice channels. The transaction further establishes Olde Thompson as a leader in the spice category with a differentiated bi-coastal manufacturing footprint, unlocking additional channels and expanding the company’s product offering into pouches, extracts and single serve seasonings for meal kits and other applications.
Olde Thompson is a portfolio company of Kainos Capital, a private equity firm focused exclusively on the food and consumer industry. The
NatWest Trustee and Depositary Services Limited is providing depositary services both in the UK and in Luxembourg for Ardian’s eighth-generation secondaries platform ASF VIII, which recently closed on USD19 billion as the world’s largest secondaries market vehicle.Headquartered in Paris, Ardian is a world-leading private investment house with assets of USD96 billion managed or advised in Europe, the Americas and Asia. The firm’s Fund of Funds platform, which covers both primary and secondary fund of funds, now has USD53 billion in assets under management (AUM), with an exposure to more than 10,000 portfolio companies through 1,600 underlying funds.
As partners to
KPS Capital Partners (KPS), through a newly formed affiliate, is to acquire AM General from an affiliate of MacAndrews & Forbes Incorporated. Financial terms of the transaction have not been disclosed.
AM General designs, engineers, manufactures, supplies and supports specialised vehicles for military and commercial customers worldwide, including the iconic High Mobility Multipurpose Wheeled Vehicle colloquially known as the HUMVEE®. The Company is a global leader in ground vehicle systems and its military business is widely recognised for excellence in design, engineering, manufacturing and logistics support of tactical vehicles. AM General has built and maintained over one million vehicles in
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
