Allocations
Aero Capital Solutions (ACS), a mid-life aircraft leasing platform, has held the successful final closing on its first aviation investment vehicle with total aggregate equity commitments of USD200 million.
Investors include a broad group of sophisticated investors, registered investment advisers, and single and multi-family offices. In addition to the USD200 million of equity, ACS closed on a USD400 million debt facility with a multinational investment bank providing a total of approximately USD600 million of capital for deployment.
Adam Davidson, ACS’ EVP of Business Development, says: “We were pleased to see the strong demand for our first offering from such
Arthur J Gallagher & Co is to acquire the global aerospace operations of Jardine Lloyd Thompson Group plc (JLT). The acquisition, subject to European Commission approval, is scheduled to close this spring in connection with the closing of the JLT purchase by Marsh & McLennan Companies, Inc.
The agreement provides for the acquisition of all assets within JLT’s global aerospace retail and wholesale insurance broking division, which includes operations in the UK, US, Canada, Australia, New Zealand and 10 other countries spanning Europe, Latin America and Asia. The agreement also includes the assets of Hayward Aviation, a UK insurance broker that
Global private equity firm The Riverside Company has acquired ADA Solutions, a designer and developer of detectable warning surface and way-finding solutions for the visually impaired.
ADA is an add-on to Riverside’s SureWerx portfolio company, a leading supplier of professional safety products, tools and equipment. ADA’s products are used in many applications, including curb ramps, public transit platforms, pedestrian refuge islands and pedestrian rail crossings.
ADA is SureWerx’s second acquisition since Riverside acquired the platform in November 2018. Riverside is actively supporting SureWerx’s efforts to add complementary new products and deliver best-in-class service to its growing, global network of
New research from Revolution.Aero amongst private equity and venture capital professionals reveals that 69 per cent expect the amount of money their industries invest in the aviation sector to increase between now and the end of 2020, and just 4 per cent expect it to fall.
The corresponding figures for the next five years are 73 per cent and 12 per cent respectively.
The aviation sector is currently a hotbed of innovation with on-going projects looking at electric aviation, air taxis to supersonic jets, all topics that will be discussed at Revolution. Aero’s first European meeting which takes place in
Swipii, the loyalty card app, has secured an investment of GBP1.9m through a funding round led by award-winning Scottish venture capital firm Par Equity.
The latest version of the app removes the need for physical loyalty cards by linking to a debit or credit card and rewarding users with points as they shop at businesses signed-up to Swipii. The app’s original iteration had 1.1m users and its 1,700 affiliated businesses saw up to a 1.5x revenue boost, but it relied on using iPads to track visits only.
Chitresh Sharma, co-founder and CEO of Swipii, says: “We estimate that there are
New Heritage Capital (Heritage) has made an investment in Columbia, SC-based Rhythmlink International (Rhythmlink), a designer and manufacturer of disposable neurodiagnostic devices and consumables.
Rhythmlink’s products provide the connection between “people and machines” in order to identify, record, and monitor important neurophysiological information. Heritage completed its investment via its unique Private IPO® solution, which leaves operating control in the hands of the reinvesting founders while providing them the desired liquidity and financial flexibility to accelerate growth into the future. The investment was completed on 19 February, 2019.
“We chose to partner with Heritage because of their experience in backing founder-owned
KnowBe4, provider of a security awareness training and simulated phishing platform, has secured a sizeable minority investment from global investment firm KKR, with participation from Ten Eleven Ventures.
The investment, which values the company at over USD800 million, comes off the back of an exceptional 2018 for KnowBe4, which reached USD120 million of bookings and revenue growth of 110 percent.
“KKR is an important strategic partner for KnowBe4 as we continue to grow worldwide and bring new-school security awareness training to new markets,” says Stu Sjouwerman, CEO of KnowBe4. “We have had 23 straight quarters of explosive growth and there is no slowing down. All organisations
Pandea Global M&A – an international network of advisory firms co-founded by Dow Schofield Watts – completed 110 transactions with a combined value of over EUR1.6 billion in 2018.
The network, which has members in 15 countries, was most active in the business support services sector, which accounted for 25 per cent of the completed deals, followed by consumer and retail (15 per cent), construction and engineering (13 per cent) and technology (12 per cent).
Notable cross-border deals included the sale of UK-based specialist flooring supplier Kemtile to US-listed engineering giant RPM International, and the sale of Irish alarm
European private equity firm Astorg is to acquire a minority shareholding in Acturis Group, a leading supplier of insurance software. Under the terms of the transaction, existing investor Summit Partners will exit its position. Acturis employees will continue to own the majority of the company.
The Acturis Group was founded in 2001 and today comprises some 700 colleagues across five countries and four divisions. The four divisions include: Acturis SaaS, a leading multi-tenant SaaS platform for the general insurance industry; Acturis Deutschland, the market-leading broker software platform and comparison engine in the German broker market; ICE InsureTech, a cutting-edge platform
Private equity investors are likely to favour cycle-tested managers this year, says Tom Franco, Partner, Clayton Dubilier & Rice…
If global markets become jittery over the coming months, investors are likely to retrench and maintain their private equity allocations with a smaller number of trusted managers who have proven their worth through different economic cycles.
During any period of economic uncertainty, confidence among corporate CEOs diminishes and affects capital expenditure, investment plans etc. That impacts the stock markets and has a ripple effect on investor sentiment.
Speaking exclusively to Private Equity Wire, Tom Franco (pictured), Partner at Clayton
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