Managers
Solace Capital Partners (Solace), a private equity firm focused on special situations investments in North America, has acquired tank and dome manufacturer CST Industries (CST).
Headquartered in Kansas City, MO, with a 125-year heritage, CST Industries provides storage systems, complementary or independent cover products, proprietary coating and lining services, field installation, inspection, maintenance and retrofit proficiency, to a wide range of end markets. The company has an installed base of more than 350,000 storage tanks and 18,000 covers across 125 countries. CST has nine sales offices across the United States, Mexico, Brazil, Spain, Argentina, UAE, Vietnam and Australia and operates
Kirkland & Ellis is advising funds managed by Oaktree Capital Management (Oaktree) on the acquisition of a stake in NL – HOLDING.
Oaktree is a leader among global investment managers specialising in alternative investments, with USD100 billion in assets under management as of 30 September 2017. The firm emphasises an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 900 employees and offices in 18 cities worldwide.
Founded in 2015, NL – HOLDING focuses on assisted reproductive
Frontenac, a Chicago-based private equity firm, is to sell AH Harris Construction Supplies, a leading distributor of specialty construction products, to HD Supply Holdings, Inc. (Nasdaq: HDS), one of the largest industrial distributors in North America.
The transaction is expected to close in the first quarter of 2018, upon the satisfaction of customary closing conditions, including obtaining required regulatory approvals.
Founded in 1916 and headquartered in West Hartford, CT, AH Harris supplies high-quality construction products and equipment for contractors, construction companies and government entities in the concrete construction, repair & restoration, road & bridge, rebar & rebar fabrication, waterproofing and
BaltCap and other minority shareholders have sold 100 per cent of the shares in Magnetic MRO, a full-service aircraft maintenance company headquartered in Tallinn, to Guangzhou Hangxin Aviation Technology (Hangxin) for EUR43 million.
The deal is expected to close by the end of March after all regulatory requirements and other closing conditions have been fulfilled.
“Magnetic MRO management has been actively looking for opportunities to expand into Asia, the highest growth market in aviation,” says the CEO of Magnetic MRO Risto Mäeots. “Hangxin’s location and service portfolio is complementary to Magnetic MRO, creating substantial synergies and new business opportunities. For
BNY Mellon Investment Management has completed the sale of investment boutique CenterSquare Investment Management to the private equity firm Lovell Minnick Partners and CenterSquare’s management team.
Originally announced on 20 September, 2017, the terms of the transaction have not been disclosed.
Todd Briddell, CEO and CIO of CenterSquare Investment Management, says: “We are excited about the next phase of CenterSquare’s evolution, as we continue to bring premier real estate and infrastructure strategies to the market while investing in the development and growth of our company. Lovell Minnick shares our vision for the future of CenterSquare and we are delighted to partner
Allegion, a global security products and solutions provider, has acquired Technical Glass Products (TGP) through one of its subsidiaries.
Established in 1980, TGP is a leading North American manufacturer of advanced fire-rated entrance and wall systems for institutions and non-residential buildings. Its product lines include fire-rated glass and frames for doors, entrances and wall systems – a natural extension of Allegion’s core product lines. TGP’s product brands include the FireLite family of fire-rated ceramic glass, Pilkington Pyrostop fire-rated wall panels, Fireframes family of fire-rated frames and others.
“Bringing TGP – with a leading market position, as well as a solid
Aon, a professional services firm providing a broad range of risk, retirement and health solutions, has completed its acquisition of The Townsend Group (Townsend), majority owned by Colony NorthStar, Inc.
Townsend is a provider of global investment management and advisory services primarily focused on real estate and real assets.
“We are excited to welcome the Townsend organisation into Aon and further enhance our investment solutions in areas that are of increasing importance to our clients,” says Cary Grace, chief executive officer of Global Retirement & Investment Solutions at Aon. “Working together, our combined teams will continue to expand our
Progressio SGR, a Milan-based Italian mid-market private equity investment specialist, has held the first close of Progressio Investimenti III with EUR86 million of total commitments and and over 50 per cent re ups from Fund II.
Fund III is targeting a fund size of EUR225 million, and Progressio expects to complete a final close by the end of Q2 2018.
Progressio will continue its strategy of investing EUR25m to EUR30m equity tickets in sectors of Italian “excellence”, especially in the fashion & luxury, chemical & pharmaceuticals, industrials and food & beverage.
Progressio Partners are delighted with the response in first
Brookfield Asset Management has held the final close on the Brookfield Infrastructure Debt Fund (BID) with aggregate equity commitments of approximately USD885 million, exceeding its target of USD700 million.
BID is Brookfield’s first investment vehicle focused on infrastructure debt, targeting mezzanine debt investments in high-quality core infrastructure assets primarily in North America, as well as in South America, Australia, and Europe.
Investors in the Fund are a diverse group of institutional investors, including public pension plans and financial institutions.
“We are grateful for the strong support we have received from our investors, whose contributions demonstrate that demand for infrastructure debt investing
A total of 106 companies floated on the London Stock Exchange’s markets in 2017, raising GBP15 billion, an increase of 63 per cent by number of IPOs and up 164 per cent by value of IPOs compared to 2016.
London Stock Exchange has surpassed all European exchanges this year by number of IPOs and money raised, ranking second globally by money raised.
London’s IPOs have become even more international in 2017, with nine of the top ten IPOs by size coming from outside of the UK. Twenty North American companies chose London for their listing, with the UK markets remaining
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