Allocations
Luxcara, an asset manager specialising in renewable energy investments, and MEAG, the asset manager of Munich Re and ERGO, have initiated and structured a project bond to finance the Skinansfjellet und Gravdal wind farms in Norway.
Similar to the financing of the wind farm Eikeland-Steinsland in July 2018, a lower three-digit million euro amount of projects bonds has been privately placed with investors of the Munich Re group, the Austrian insurance company UNIQA and one further European insurance group. Equity is provided by a renewable energy fund for institutional investors, which is advised by Luxcara.
The wind farms Skinansfjellet and
innogy Innovation Hub, which is funded by innogy SE, a Germany energy company, to invest in and mentor technology start-ups, invested in 61 companies in 2018 through new and follow-on financing rounds, growing the value of its portfolio by more than 50 per cent.
Including co-investments and investments into other VC funds, the Innovation Hub has funded almost 90 start-ups.
At the same time, innogy Innovation Hub has continued to focus on supporting its portfolio, with a strategic focus on providing acceleration opportunities. In 2018, the Hub participated in 10 accelerator programmes globally, presenting opportunities for more than one-third
French group Evolucare, which is backed by Essling Expansion has acquired Axapa, a software publisher founded in 2012 by Olivier Rialland focused on the medico-social sector and in particular institutions dedicated to people with disabilities.
Axapa, whose revenue reached EUR4.5 million in 2018, serves 120 customers accounting for more than 2,500 institutions.
For Elie le Guicher, President of Evolucare, says: “The acquisition of Axapa allows the Group to change its scope in order to pursue its vigorous growth in France and abroad.”
“The Evolucare Group will provide significant support for our development, the related synergies are numerous,” says Rialland, President
Align Capital Partners’ (ACP) portfolio company Pleatco, a manufacturer of aftermarket cartridge filters for the pool and spa industry, has expanded into the industrial air filtration market with the acquisitions of APEL International (APEL) and Milton Manufacturing (Milton).
APEL designs and manufactures pleated filter cartridges, pleated bags, and other filtration products for mission-critical industrial air applications.
“APEL’s library of more than 5,000 custom and stock filters provide its distribution and OEM customers with the broadest range of aftermarket filtration products in the industry,” says Paul LaCroix, founder of APEL. “I’m excited to continue our legacy as a high-quality manufacturer
LBO France has acquired a majority stake in the capital of the Passman group. The company’s two co-founding managers have also invested as part of the deal, while Andera Partners is reinvesting via its ActoMezz team.
This acquisition is in keeping with LBO France’s Small Cap strategy dedicated to growing French and Italian SMEs and follows a remarkable period of growth (revenues have increased from EUR13 million to EUR28 million in five years) since the sponsorless LBO of April 2014 led by ActoMezz and the Siparex Group.
The Passman group, set up in 1995 by Frédéric Levy, as well
Bowmark Capital is backing the buy-out of Pirum Systems, a provider of post-trade market infrastructure technology for the global securities finance industry, from Five Arrows Principal Investments.
The transaction, which is subject to regulatory approval, is expected to complete in April 2019.
Founded in 2000, Pirum provides a secure, centralised automation and connectivity hub for global securities finance transactions, enabling complete automation of the post-trade and collateral lifecycle. The company delivers its services over a fully hosted, multi-tenanted SaaS platform to over 120 market participants, processing over USD2 trillion of trades and collateral daily. Pirum’s services provide them with
Envestnet (NYSE:ENV), a provider of intelligent systems for wealth management and financial wellness, is to acquire PIEtech, creator of the MoneyGuide family of financial planning applications, a goals-based product used by financial advisors.
“Financial planning is a key component of our vision for enabling Financial Wellness,” says Jud Bergman, Chairman and CEO of Envestnet. “We have admired the MoneyGuide offerings for some time, and recently announced our collaborative partnership with Apprise Labs and the PIEtech team. With MoneyGuide’s financial planning applications more deeply integrated into Envestnet’s wealth management solutions, enterprises, advisors and their clients can benefit from a frictionless wealth
African PE has remained robust with the total value of fundraising increasing to USD2.7 billion in 2018 from USD2.4 billion in 2017, indicating investors’ ongoing confidence in the sector, according to a report by the African Private Equity and Venture Capital Association (AVCA).
The total value of African PE fundraising between 2013 and 2018 was USD17.8 billion and the median size of final closed funds over the same period was USD123 million.
The data shows that 1022 reported deals worth a total of USD25.7 billion took place from 2013 to 2018. While the value of PE deals dropped marginally
Laurel Solutions, an affiliate of private equity firm FFL Partners (FFL), has completed the acquisition of Servelec Technologies, a market-leading provider of remote monitoring systems, secure SCADA systems, and business optimisation software providing complete end-to-end automation and optimisation solutions to clients around the world.
Terms of the private transaction were not disclosed.
Servelec Technologies is headquartered in Sheffield, UK with offices in Melbourne, Australia, Waterloo, Belgium, Calgary, Canada and Abu Dhabi, United Arab Emirates. For more than 40 years, the Company’s hardware and software products, systems, and consultancy services have been trusted by the world’s leading companies across sectors
A group of investors including the Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, the Russia-China Investment Fund and a leading Middle Eastern sovereign fund (Group), have completed a deal to acquire a 9.53 per cent stake in Intergeo, a metals and mining company and part of ONEXIM Group.
The investment is included in the list of the Intergovernmental Russian-Chinese Commission on Investment Cooperation initiated by RDIF and the Chinese Investment Corporation in 2014 to promote cross-border investment projects. The Investors will nominate Alexander Khloponin and Lev Kuznetsov as their representative on the Board of Directors of the Company.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
