Managers
Clearlake Capital Group is to sell Futuris Global Holdings to an affiliate of Adient. The transaction is expected to close by the end of September 2017, subject to customary closing conditions and regulatory approvals.
Futuris is a supplier of seating solutions to the global automotive industry, with an active and rapidly growing presence in North America and Asia.
Under Clearlake’s ownership, Futuris executed a successful restructuring of its operations to transition from an Australian-focused supplier to a global operator with differentiated capabilities and profitable relationships with leading global automotive OEM customers. In addition, the Company successfully consummated the acquisitions
Clarion Capital Partners has completed an investment in AML RightSource, a Gabriel Partners company and specialist in Anti-Money Laundering (AML), Bank Secrecy Act (BSA), and Financial Crimes compliance services.
Current shareholders of AML RightSource, Frank Ewing and Paul Linehan, will maintain an ownership stake in AML RightSource and will lead the business in partnership with Clarion. As part of the transaction, Ewing has been promoted to CEO, and Linehan to President. Terms of the transaction, which closed on 18 August, have not been disclosed.
The new partnership will help AML RightSource to align even more closely with its customers
Exponent Private Equity (Exponent) is to sell Pattonair to Platinum Equity for an undisclosed sum. The sale is expected to complete in the final quarter of 2017.
Pattonair is a leading international Aerospace and Defence supply chain service provider, specialising in the supply of small and medium value components. Customers include Rolls-Royce, United Technologies, Safran Group, Parker, GE, Boeing and Airbus. At the time of Exponent’s initial investment in Pattonair in 2011, the company was carved out from Umeco Plc, with Exponent successfully supporting CEO Wayne Hollinshead to lead the company through this transition.
Under Exponent’s ownership Pattonair has grown
Maersk A/S is to sell Maersk Oil to Total for USD 7.45 billion in a combined share and debt transaction. Maersk Oil will become part of a leading global oil and gas operator with a long-term investment interest in the sector.
Total will take over Maersk Oil’s entire organisation, portfolio, obligations and rights with minimal pre-conditions. Planned development schedules and investments in strategic and sanctioned projects will be upheld.
The sale is in line with Maersk’s strategy to separate out its oil and oil related activities to create an integrated transport & logistics company, and this transaction will contribute
AMP Capital has reached final close on the AMP Capital Infrastructure Debt Fund III (IDF III), raising USD2.5 billion for the mezzanine debt strategy, an additional USD800 million in co-investment rights and securing a further USD800 million from investors who want access to its deal capabilities.
IDF III, the third infrastructure debt fund launched by AMP Capital in six years, had a target of USD2 billion. The fundraise is believed to be one of the largest in the world for an infrastructure debt strategy.
More than 125 investors from 12 countries have invested in IDF III, with strong interest from
Glennmont Partners has completed the refinancing of the Sleaford Renewable Energy Plant on behalf of its dedicated clean energy fund, Glennmont Clean Energy Fund Europe I, as part of a programme of realisations of value from the Fund.
Glennmont Partners is one of Europe’s largest fund managers focusing exclusively on investment in clean energy infrastructure. Glennmont raises long-term capital to invest in alternative power generation projects including wind farms, biomass power stations, solar parks and small-scale hydro power plants. The carefully selected, risk managed investments deliver sustained performance and predictable returns over periods of 10 years or more.
Sleaford REP is a
IGF, a commercial finance provider for SMEs, has delivered a GBP200k invoice finance facility for Lincolnshire-based construction and maintenance firm Rubico.
Rubico sought a new finance partner to provide an injection of working capital into the business, and began working with IGF in July 2017. The facility will allow Rubico to win larger contracts across the wider retail sector, particularly within the food and beverage industry, as well as meet its future ambitions to hire more staff and expand outside of its current premises in Stamford.
Rubico began in 2015 after its founder identified a gap in the market
The waterfalls debate among private equity players has always been presented as a choice between two opposing styles. It doesn’t have to be that way, say Gaurav Marwah and Hugh Stacey of Augentius…
At Niagara Falls, a tradition among intrepid daredevils developed in the early 1900s to go over the waterfalls in a wooden barrel. People became celebrities for doing so (and living to tell the tale), and the act has become shorthand for daring escapades that one would be lucky to survive.
While negotiating LP agreements can bring private equity players into choppy waters, no one needs feel
Global accountancy network HLB International has added Shandong Hexin CPAs LLP (Hexin) to its network in China.
Based in Jinan, the capital city of Shandong province, Shandong Hexin CPAs LLP was established in 1987, as the first, and currently only indigenous firm in the province, holding the license to audit securities. Hexin has 30 partners and over 600 staff including over 200 CPAs based at its Jinan headquarters and branches in Qingdao, Weifang, Yantai and Jining.
Hexin delivers a full range of audit & assurance, IPO, M&A and specialist advisory services to listed companies, state-owned enterprises, private and family-owned
YFM has sold its funds’ investments in Harvey Jones Kitchens in a secondary buyout backed by Allied Irish Bank (GB), achieving a return over two-time on the original investment in the process.
Funds advised and managed by YFM backed the buyout of the premium kitchen manufacturer and retailer from the original founder when the company comprised of 10 showrooms primarily based in the South and Home Counties. During the time YFM funds have been invested, the business has been transformed into a national brand thanks to significant investment in people, marketing, product development and the opening of 21 new showrooms
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