Managers
Private equity firm Aretex Capital Partners is to acquire Alerian, a provider of energy infrastructure indices and market intelligence based in Dallas, Texas. The terms of the transaction have not been disclosed.
Alerian develops and maintains a series of indices for the energy sector and equips investors to make informed decisions about investments in energy infrastructure. Alerian licenses its indices to third parties for the creation of investment vehicles, such as Exchange Traded Products (ETPs). These investment vehicles are structured products that are separately managed by product issuers, including well-known global asset managers and investment banks. ETPs are co-branded with
A cross-jurisdictional Carey Olsen team has advised Strategic Value Partners (SVP) in its acquisition of Vita Group from TPG.
The UK-based Vita Group, which had been owned by TPG since 2005, develops, manufactures and markets flexible polyurethane, Talalay latex and flooring products to customers across Europe, the US and China. It operates 37 sites in 15 countries and employs around 2,700 people. Last year it recorded preliminary sales of EUR704 million and Ebitda of EUR40 million. The transaction, which completed on 10 May, was for an undisclosed sum.
The Carey Olsen team assisting SVP on the various corporate and
Capzanine, a European private investment management company, has completed its first transaction in Germany – an investment via a unitranche instrument in Magix, a provider of video and music editing software and digital content.
Founded in 1993, Magix provides software for designing, editing, archiving and presenting videos, music, photos, graphics and websites. Its solutions go beyond the PC platform and include seamlessly integrated online and mobile applications as well as cloud services. The company is one of the pioneers in Virtual Reality editing and markets its products to 15 million users in 179 countries across the globe. Via its academy,
Avedon Capital Partners and Management have sold VanRiet Material Handling Systems (VanRiet), a provider of integration systems, equipment and after-market services solutions, to Material Handling Systems (MHS), a leading provider of advanced parcel sortation systems, engineering and equipment, backed by Thomas H Lee Partners.
Closing is subject to regulatory approvals.
Founded in 1948 and based in the Netherlands, VanRiet offers a complete range of automated sortation systems, integration and engineering services, sortation equipment, and after-market services solutions to its global, blue-chip customer base. With an experienced and highly qualified management team and employee base, VanRiet serves high-growth end markets,
Seedcamp has held the final close of its fourth fund at GBP60 million, in a heavily oversubscribed round that includes GBP2 million of investment from Seedcamp founders and mentors through a new partnership with equity crowdfunding platform, Seedrs.
The announcement comes six months after the first close of Fund IV at GBP41M in November 2017.
New investors in Seedcamp Fund IV include over 100 founders, mentors and angels from the Seedcamp nation including the likes of Daniel Dines (UiPath), Taavet Hinrikus (TransferWise), Sten Tamkivi (MoveGuides), Ryan Notz (MyBuilder) and Bostjan Spetic, Andraz Tori and Todd Sawicki (Zemanta). Seedcamp Fund
Carey Olsen has advised Techemy Capital Limited on the launch of HODL 1 – a closed-ended fund vehicle targeting investments into private-sale stage initial coin offerings (ICOs).
The fund, which has been authorised under the Jersey Private Fund regime, has appointed Techemy Capital Limited as investment adviser and will invest in cryptographic token deal flow.
The Techemy Group, based in New Zealand, owns and operates a range of businesses which assist in institutionalising this new asset class.
Partner James Mulholland led the Carey Olsen team advising Techemy Capital and was assisted by senior associate Lauren Fletcher.
Mulholland
Facebook and Luxcara, an asset manager for renewable energy investments, have entered into long-term power purchase agreements (PPAs) for 100 per cent of the output and environmental (green) attributes of three contiguous wind projects – Gravdal, Skinansfjellet and Eikeland-Steinsland – in southwest Norway.
The projects, known collectively as the Bjerkreim cluster, will consist of seventy wind turbines of 4.2 MW each and should reach commercial operation in Q4 2019.
Facebook’s PPAs will provide the long- term financial certainty needed for the projects, which comprise an aggregate investment exceeding EUR400 million, to be financed, constructed, and operated by Luxcara. The
Hg Saturn Fund and Intermediate Capital Group (ICG) have partnered to make an investment in IRIS, a provider of software and services to the UK accountancy, education and business market, representing the largest UK and third largest European private equity software buyout ever.
The terms of the transaction, which is subject to regulatory approvals, have not been disclosed.
Over 21,000 accountancy practices and more than 80,000 small and mid-sized businesses, corporates, and payroll bureaus rely on IRIS to run their business every day.
IRIS exhibits a number of Hg’s ‘sweet spot’ business model criteria, including a strong product
Global investment manager AMP Capital has entered into a 50/50 partnership with Invenergy Clean Power LLC (“ICP”) to invest in Invenergy’s operating and development portfolio of natural gas-fired power generation facilities across the United States, Canada and Mexico.
The investment provides AMP Capital access to one of the largest privately-held gas-fired generation portfolios in the US and a rare opportunity to invest in a low-emissions generation fleet with scale. The operating and development projects are diversified across multiple North American power markets, contract counterparties, and technologies.
AMP Capital and ICP will share joint ownership and governance of the new
Antin Infrastructure Partners (Antin), an independent private equity firm focused on infrastructure investments, is to acquire Idex, an independent energy infrastructure and energy services company in France, from Cube Infrastructure Managers (Cube).
Founded in 1963 and headquartered near Paris, Idex is an integrated operator of energy infrastructure assets, operating 41 district heating and cooling networks (including the Paris La Défense network), 13 energy-from-waste facilities and a large portfolio of energy services contracts for a wide variety of counterparties. With a nationwide footprint, the Company employs almost 4,000 people and posted revenues of approximately EUR 860 million in 2017.
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