Allocations
UBS Asset Management’s (UBS-AM) Real Estate & Private Markets (REPM) has completed the acquisition of a 100 per cent interest in Gascan, the second largest distributor and supplier of piped liquefied petroleum gas (LPG) in Portugal, from Arta Capital.
The investment was made on behalf of REPM’s global infrastructure equity strategy, with the transaction completed on an exclusive basis after an unsolicited approach to the Spanish private equity fund Arta Capital.
Gascan distributes and supplies piped LPG throughout Portugal to over 65,000 customers nationwide distributing over 11,000 tons of gas per year, with a network of over 760 km
Global law firm White & Case LLP has advised SoftBank Vision Fund on its investment in British unicorn OakNorth, in what will be the largest ever European fintech fundraising.
The investment values OakNorth at around USD2.8 billion. Closing of the investment will take place subject to regulatory approvals.
OakNorth is a challenger bank that specialises in lending to small and medium-sized businesses. It has lent over USD3.7 billion to British businesses, and has licensed its automated lending system to other banks and lenders around the world.
White & Case also advised SoftBank Vision Fund on another significant mandate in
RSK Group Ltd, a UK-based integrated environmental, engineering and technical services business, has acquired Dr Tillmanns & Partner, an environmental and geotechnical engineering firm headquartered in Bergheim, Germany.
It is the tenth acquisition of the 2018/19 financial year by RSK, a private company with 36 international offices, more than 2700 staff and an annual turnover of GBP200 million.
Dr Tillmanns & Partner provides advice on and services in soil and groundwater contamination, rehabilitation planning and monitoring, landfill technology and planning, subsoil investigations, geothermics, hydrogeology and soil mechanics. In addition to undertaking fieldwork, Dr Tillmanns & Partner has an accredited
Panoramic Growth Equity (Panoramic), an equity investor in fast growing, entrepreneurial companies, has supported the management buy-in (MBI) of electrical contracting specialist Process Control Services Limited (PCS). This marks the eighth investment for Panoramic’s second fund.
Founded in 1997, Buxton-based PCS has over 20 years’ experience providing essential electrical engineering services predominantly to aggregate, asphalt, cement and concrete producers as well as the food & drink industry. PCS are specialists in providing electrical testing and compliance, design and installation, planned and reactive maintenance as well as absence and shift cover to a large number of clients where there is a
An affiliate of One Rock Capital Partners (One Rock) is to acquire the plastics distribution business (Nexeo Plastics) of Nexeo Solutions (Nexeo).
The transaction will follow Nexeo’s pending acquisition by Univar and is expected to close during the first half of 2019.
Nexeo Plastics is a specialist in the distribution of plastics products, including polymer products and prime engineering resins. Through its vast distribution network, Nexeo Plastics connects world-class suppliers with customers across a broad cross section of industrial segments in more than 60 countries in North America, Europe and Asia. Nexeo Plastics utilises its proprietary technology platform to
Monument Group has advised Altor on the raising of Altor Fund V, which closed at its hard cap of EUR2.5 billion of commitments after a brief fundraising period.
The investor base for Fund V, which closed on 6 February 2019, is comprised of primarily existing investors with a select group of new investors being invited. Investors include high quality Nordic institutions, US university endowments, charitable foundations and other leading international institutions.
“Demand for Altor Fund V has been extremely strong, with many existing investors increasing the size of their investment as well as significant interest from new investors,” says
INVL Asset Management, one of Lithuania’s leading asset management companies, has completed a first closing of the INVL Baltic Sea Growth Fund, a closed-end private equity fund intended for professional investors, at EUR106 million.
The INVL Baltic Sea Growth Fund became the largest private equity investment fund in the Baltic countries.
“We are pleased with the successful completion of the first closing. It’s important that investors in the fund include both international financial institutions who see the Baltic region’s business potential and local investors who know the market and Invalda INVL well. For our part, we’re actively working
Palatine Private Equity has backed the MBO of SMP Group, the corporate, trust and professional services provider.
The MBO, which is subject to regulatory approval, comes as part of a planned leadership succession process at the Isle of Man headquartered business, which will see the appointment of a new group CEO, David Hudson.
Created in 2007 through a management buyout from Fortis Intertrust and with an unbroken record of financial success, SMP Group has grown into an international provider of corporate and trust services, employing over 200 people across seven global offices.
New CEO David Hudson has been
An affiliate of HIG Capital (HIG) has partnered with the management team of Taconic Biosciences to acquire the company.
Headquartered in Rensselaer, NY, with operations in Germantown, NY, Indiana, Germany, and Denmark, Taconic is a specialist in genetically engineered models and service solutions used in mission-critical life sciences research. With its strong market position and long-standing relationships, Taconic is well-positioned to benefit from the significant growth in the broader healthcare services market and more specifically in genetically engineered models growth. Researchers use Taconic’s models and services in a wide variety of growing research applications, including oncology, immunology, and neuroscience, as
PIR Equities, an employee-owned private equity firm, has raised EUR275 million (USD312 million) for its third flagship fund.
Established in 2008 by Joseph Aaron Horowitz and Oded ‘OD’ Kobo, PIR Equities manages a varied portfolio including interests in property, securities, technology, and ownership in operating businesses with over USD650 million in assets.
“We are proud of the strong and continuous support we have received from our partners. We plan to remain patient in deploying capital, but will be ready to invest when we see the right opportunities emerge,” says Joseph Aaron Horowitz, Managing Partner.
PIR Equities prior funds had net internal rates of return –
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
