Allocations
First Eagle Investment Management (First Eagle) is to acquire THL Credit Advisors, an alternative credit manager with approximately USD17 billion in assets under management as of 30 September, 2019.
The acquisition complements First Eagle’s established alternative credit platform, solidifying its place among the leaders in both tradable credit and middle-market direct lending.
First Eagle is an independent, privately owned investment firm with approximately USD99 billion in assets under management as of 30 September, 2019. The acquisition of THL Credit will expand the range of differentiated investment solutions First Eagle offers to institutional and retail investors worldwide while strengthening its partnerships
Global investment manager AMP Capital, on behalf of investors in its global infrastructure equity strategy, has closed its largest equity investment in North America to date, with the acquisition of Expedient (Continental Broadband, LLC) from Landmark Media Enterprises, LLC.
Expedient is a leading US provider of cloud computing and data centre services, offering an integrated suite of colocation, cloud, managed services and network access products to a highly diverse base of over 1,200 customers. The deal is AMP Capital’s first equity investment in the data center / Infrastructure as a Service (IaaS) sector, the result of a global search spanning
Chicago-based private equity firm CORE Industrial Partners’ (CORE) portfolio company Midwest Composite Technologies (MCT) has acquired ICOMold, a digital manufacturer with an expertise in injection moulding.
The ICOMold transaction follows the acquisition in September of FATHOM, an on-demand digital additive manufacturer that combines 3D printing and traditional manufacturing technologies. The combined company’s global footprint now includes over 185,000 square feet of manufacturing capacity across five facilities on two continents. Financial terms of the transaction were not disclosed.
Headquartered in Toledo, Ohio, with a second facility in Shenzhen, China, ICOMold specialises in injection molding, including prototype and production tooling and
Macquarie Infrastructure and Real Assets (MIRA), via Macquarie European Infrastructure Fund 4 (MEIF4), is to sell its interest in Renvico to ENGIE.
Renvico is a leading developer and operator of onshore wind farms, currently invested in 142 MW of installed generation capacity across Italy. In addition, Renvico owns a 50 per cent stake in a joint venture with KKR in France, representing a further 187 MW of installed onshore wind generation capacity. As part of this transaction, KKR and its co-investors in the French joint venture have also agreed to sell their combined 50 per cent stake to ENGIE.
Leigh
DOB Equity, a leading Dutch family-backed impact investor in East Africa, has invested in Natural Extracts Industries (NEI), a natural vanilla flavour manufacturer, based in Moshi, Tanzania.
Since its inception in 2011, NEI has partnered with small-holder farmers by encouraging them to grow vanilla next to their existing crops, thereby providing extra income.
NEI provides training in good agricultural practices for over 5,000 farmers across five regions in Tanzania in vanilla husbandry (following organic principles) and traceability. As a result, farmers have earned up to 50 per cent additional income from vanilla farming.
NEI sources green vanilla pods
Varagon Capital Partners (Varagon) is serving as Administrative Agent, Lead Arranger and Bookrunner on a senior secured credit facility to support the acquisition of AIM MRO by AE Industrial Partners (AEI).
Headquartered in Miamiville, OH, AIM MRO is a leading manufacturer and supply chain manager of highly engineered consumable repair products and materials used primarily in the aerospace engine aftermarket.
“We are excited to partner with AE Industrial in its acquisition of AIM MRO,” says Keith Carter, Managing Director for Varagon, “We look forward to supporting management and AEI as they continue to grow the business.”
One World Fitness, an owner and operator of Planet Fitness clubs in the Philadelphia metropolitan and New Jersey markets, has acquired BMC Mgmt Inc and affiliates (San Diego Fitness).
The acquisition expands the One World Fitness footprint to include the densely populated and high-growth San Diego county area. Financial terms have not been disclosed.
San Diego Fitness was founded in 2013 and now serves more than 60,000 members across seven clubs in southern California. The transaction represents One World Fitness’s first add-on acquisition since forming the platform in March 2019 in conjunction with an investment from Centre Partners, and
Aberdeen Standard Investments (ASI) and Rock Rail have closed the financing of new Hitachi intercity trains for the West Coast Partnership rail franchise.
ASI, lead equity provider, and Rock Rail, rail investor-developer and asset manager, together led the transaction of more than GBP350 million. The fleet will be financed through Rock Rail West Coast PLC and leased to West Coast Partnership, a joint venture between First Group and Trenitalia. First-Trenitalia will take over the franchise from 8 December 2019, operating intercity services as Avanti West Coast.
As with ASI and Rock Rail’s previous new UK rolling stock deals, senior debt
Kaiser Permanente Ventures (KPV) thas closed its fifth investment fund at USD141 million, bringing the total assets under management to more than USD500 million.
This latest fund includes financial commitments from Kaiser Permanente and a diverse group of new and returning external strategic investors including Tufts Health Plan, Henry Ford Health System, and Highmark Ventures, a subsidiary of Highmark Health.
KPV Fund V will continue KPV’s focus on supporting the growth of innovative companies that are addressing some of the most important unmet needs in the health care system.
“We are in the midst of a tremendous opportunity as the
The 2020 outlook for the global asset management sector is stable, reflecting high profit margins, manageable debt burdens, and sustained risk appetite among investors, Moody’s Investors Service says in its annual outlook.
The outlook is supported by a number of factors including low expectations for a recession in 2020, continued rationalisation of middle and back office functions which will help preserve profitability, and expectations for bolt-on (as opposed to transformational) M&A activity.
“Although under pressure from fee compression, passive product substitution, and low organic asset growth, profit margins remain high for traditional asset managers, which is a source of credit
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12 November, 2026 – 8:00 am
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