Managers
Tortoise Investments in conjunction with existing management has completed the buyout of Tortoise.
As part of the transaction, the existing management and employees have increased their equity ownership of the company, with many investing additional capital alongside Lovell Minnick, who purchased the equity stake held by Mariner Holdings and certain retiring co-founders of Tortoise. Tortoise will maintain its independence and autonomy with its brand, investment processes and day-to-day portfolio management remaining unchanged.
“We are excited to set course with our new partner,” says Tortoise co-founder and Chief Executive Officer, Kevin Birzer. “The asset management expertise and global network
Clayton, Dubilier & Rice (CD&R) is to acquire all of the outstanding shares of Ply Gem common stock in a go-private transaction valued at approximately USD2.4 billion.
Ply Gem Holdings, Inc. (NYSE:PGEM), is a leading North American building products manufacturer.
Ply Gem’s board of directors unanimously approved the agreement, which provides for the payment of USD21.64 per share in cash to all holders of Ply Gem common stock. The cash purchase price represents a premium of approximately 20 per cent over Ply Gem’s closing stock price on January 30, 2018. Promptly following entry into the agreement, stockholders holding greater
HSBC Alternative Investments Limited (HAIL) has launched the HSBC Diversified Loan Fund, combining both loan investing and direct lending within a fully managed, alternative credit solution.
With circa USD550m raised so far, the first close for the fund was held on 31 October 2017 and the second one on 19 January 2018. The final close is planned no later than April 2018.
The fund is a diversified, core loan solution for client portfolios and will primarily invest in floating rate, senior secured credit instruments such as syndicated loans, as well as senior secured and unitranche loans to middle market
A number of significant natural resources transactions in the latter part of last year are representative of an upshift in deal activity across the sector, according to M&A specialist Tony Lane of offshore law firm Carey Olsen.
Lane, a partner in Carey Olsen’s Guernsey corporate team, has advised Bushveld Minerals Limited (Bushveld), Avnel Gold Mining Limited and Sandstorm Gold Ltd on recent deals, while Clinton Hempel, managing partner of Carey Olsen’s BVI office, advised Cora Gold on its recent listing on the London Stock Exchange’s (LSE) AIM Market.
Lane says: “There appears to be a growing appetite amongst those
An affiliate of HIG Capital (HIG) has acquired Town & Country Holdings (T&C), the parent company of Town & Country Living.
Founded in 1954 and headquartered in Lakewood, NJ, T&C is the recognised leader in home textiles specializing in table linens, kitchen textiles, rugs, and innovative solution-based home products. The company is a leading supplier of both licensed brands and private label programs to major retailers across the globe.
“David and Jeffrey Beyda have successfully positioned T&C as a true partner to its customers and licensors. We believe T&C’s existing product and service offerings provide a great foundation for
The Montreux Healthcare Fund has completed the purchase of Active Assistance, a provider of care and support for individuals with complex neurological conditions.
Active Assistance provides specialist care to individuals with acquired brain injury (ABI) and spinal cord injury (SCI) in domiciliary and residential settings. Active Assistance also owns the UK’s largest Case Management Group, serving clients with an acquired brain injury and other neurological conditions, throughout the care pathway.
The acquisition constitutes the second major transaction to complete within the last month for the fund, following the sale of The Regard Group earlier in the month. Active
One Equity Partners, a middle market private equity firm, is to acquire a majority stake in Media Solutions, a provider of media processing, delivery and TV service platforms, from Ericsson (NASDAQ:ERIC).
Ericsson will continue to own a 49 per cent stake in the Company. Additional terms of the private transaction have not been disclosed.
Over the last several years, Ericsson has transformed Media Solutions’ products with a cloud-enabled, standards-based, integrated end-to-end roadmap. The overall mission has been to advance video service delivery with state-of-the-art infrastructure and software. At the same time, all products and operations have been upgraded
BGF completed 48 new investments and provided GBP310 million in funding to UK smaller and mid-sized companies in 2017. BGF was the UK’s most active institutional investor in 2017.
The year ended on another high with GBP79 million was invested in December, an all-time record month for BGF, while two further transactions have already completed in the first two weeks of 2018.
In October, BGF made its 200th new company investment, and exceeded GBP1.3 billion of invested long-term capital. Portfolio companies represent every nation, region and city, and every sector of the UK economy.
New investments in 2017 added
Sendy, an app-based on-demand delivery services platform operating across Kenya, has completed a Series A investment round, led by DOB Equity. DOB Equity will invest alongside CFAO, a member of the Toyota Group, and other private investors.
DOB Equity says that the new funds will enable Sendy to increase their platforms’ service offering. This includes adding more delivery vehicles to their platform, increasing their coverage area, expanding the sales and technology team, and preparing for future expansion into neighbouring countries in East Africa.
DOB Equity explains that the current logistics sector in Kenya – worth USD10 billion – is
Urban simulation software developer ForCity has closed its first round of investment at EUR8 million, through a process led by CM-CIC Innovation and with the participation of the Caisse des Dépôts Group, Omnes Capital and Axeleo Capital.
This first round will allow ForCity to focus on scaling deployment and accelerating time to market for its solutions. These are currently geared towards public and private stakeholders in energy, environment, urban planning and real estate.
What will a city look like in five, 10 or even 20 years’ time? In the long term what is the most effective configuration for a
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