Allocations
A new survey by Intertrust, a global leader in providing tech-enabled fund and corporate solutions, reveals how Covid has impacted the decision making behind carve-outs.During a recent webinar, addressing how best to create value through carve-outs, a third (33 per cent) of industry professionals said they intended to start looking for acquisition opportunities while 11 per cent planned on initiating a strategic review of potential carve-out opportunities.
A record level of dry powder in the market is a driving factor in the expected rise in carve-outs. M&A is also likely to play a big role in the restructuring of companies
Private equity investors are still seeking new deal opportunities despite expected declines in revenue as experienced by their portfolio companies and no wider ‘return to normal’ until 2021.That’s according to a new global study on how Covid-19 has impacted private equity firms’ and investors’ forecasts and strategies from international audit and advisory firm Mazars.
Covering more than 150 investors in Europe, the Americas and Asia, the ‘Covid-19 and the world of private equity’ study sheds light on private equity and investor concerns and gauges their sense of optimism for the future.
Paul Joyce, Head of London M&A at Mazars, says:
Chiltern Capital (Chiltern) has completed an investment in Doby Verrolec Limited (Doby), a UK-based manufacturer of HVAC ductwork jointing systems and ductwork components. Doby was previously a subsidiary of Heitkamp & Thumann, a family owned industrial manufacturing group headquartered in Dusseldorf.
Based in Stanley in County Durham, Doby can trace its origins back to the 1950s and employs over 50 people at its headquarters.
Chiltern has taken a majority stake in the company and will play an active role in supporting Malcolm Moss (Managing Director) and Terry Dingley (Works and Technical Director) to accelerate growth. As part of the transaction, experienced
Investment company Kinnevik has agreed to sell 23.2 per cent of the shares in Nordic digital commerce group Qliro Group to Swedish VC fund Rite Ventures.
The deal is expected to close in the third quarter of 2020. As a partial payment for the sold Qliro Group shares, Kinnevik will receive up to 47,439 shares in MatHem, corresponding to 0.5 per cent of the total number of shares in the company.
The balance will be paid through a promissory note from Rite Ventures, which under some circumstances provides for a purchase price adjustment.
The total consideration that Kinnevik expects to
The Luxembourg-domiciled euro denominated structure closed with EUR 260 million of commitments on 27 March, surpassing its EUR200 million target.
Neuberger Berman launched the Crossroads funds of funds platform in the early 1980s, with the aim of constructing diversified private equity portfolios across asset classes, strategies and geographies.
The new fund, NB Euro Crossroads 2018, invests concurrently with the international fund; together they have commitments of over USD1 billion.
Investors include pension funds, insurance companies and family offices from continental Europe and the Nordics. “We identified demand in Europe for a Luxembourg domiciled euro denominated structure,” said Dik van Lomwel,
Kian Capital Partners (Kian), a middle-market focused private investment firm, has exited its investment in TrueLearn (TrueLearn) through a sale to LLR Partners (LLR). Terms of the transaction have not been disclosed.Headquartered in Mooresville, NC, TrueLearn is a leading provider of virtual learning and exam preparation software for physicians and healthcare professionals seeking Board licensure and accreditation. The Company relentlessly advocates for learners seeking to maximise outcomes across a multitude of healthcare fields, including medical specialties such as General Surgery, Anesthesiology, and OB/GYN, and partners with medical schools and healthcare training programs to promote the highest levels of success. TrueLearn’s
WIT Fitness, a London-based sportswear retailer, has secured an additional GBP1.5 million in follow-on funding from growth capital investor VGC Partners after growing revenues by 56 per cent in the last year.Activated by ecommerce, WIT Fitness sells high-quality branded training footwear and activewear apparel in the UK, US and Europe. It also operates a store in London St Paul’s, which houses a state-of-the-art gym. The company was founded in 2014 by former athlete Dan Williams and sports retail expert Sam Kitching.
In the last year, WIT Fitness has launched two exclusive sneaker collaborations with Adidas and Reebok; the Adipower II x WIT and WIT x Nano 9, respectively. It has also launched
Water Street Healthcare Partners and JLL Partners have agreed to acquire and grow Solvias, a contract research, development and manufacturing company based in Switzerland.
Zürich-based private equity firm Evoco has held a first close of its third fund, Evoco TSE III SCSp at EUR93 million, representing more than 50 per cent of the target size of its third institutional fund.
Domiciled in Luxembourg, Evoco TSE III SCSp has a target size of EUR150 million. Investments into the fund came in from several European investors, including existing LPs as well as new investors. The Evoco team also committed more than EUR6 million alongside the other parties.
Evoco acquires controlling stakes in European mid-sized companies and supports them to drive profitability through innovation, governance, and scaling
IQ-EQ has acquired Blue River Partners (Blue River), a US-based provider of outsourced solutions to alternative asset managers. The acquisition of Blue River marks the Group’s latest strategic acquisition, the first in the US private equity and hedge fund services space.
The newly combined IQ-EQ US operation brings together a highly experienced team of 200 funds professionals servicing more than 500 clients across the US from its seven office locations: Dallas, Fort Worth, Houston, Austin, New York City, Chicago and San Francisco.
The transaction significantly strengthens IQ-EQ’s existing presence in the US, the largest and fastest growing fund administration and regulatory
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
