Managers
Union Investment has successfully completed the subscription phase of the private equity fund of funds PE-Invest 3. EUR 312 million has been raised in the last three months from institutional investors to be invested in unlisted companies. PE Invest 3 will invest globally in private equity funds and add secondaries and direct investments for diversification and return purposes.
The fund will focus on private equity funds specialising in small and mid-caps in the US and Europe. It will also invest in Asian companies, venture capital, and turnaround equity stories. PE-Invest 3’s goal is to achieve attractive, risk-weighted and long-term returns
APS Delta, part of the group of APS Holding a.s. companies (APS), has acquired a portfolio of non-performing loans (NPLs) with the total gross balance sheet exposure of EUR 448 million as of 30 April 2017.
The portfolio has been acquired from Zagrebačka Banka following authorisation by the Croatian National Bank.
The acquisition includes secured and unsecured corporate and retail loans. The largest volume consists of corporate distressed debts followed by retail unsecured and secured distressed debts. The acquisitions add to APS’s existing credit funds under advisement, which include 77 NPL portfolios with a total nominal value exceeding EUR5.1
Clearwater International has advised the shareholders of Imtech UK and Ireland (Imtech), including Endless, on the sale of the business to EDF Energy Services. a joint venture between EDF Energy and Dalkia.
Imtech is a leading engineering services company and one of the largest providers of technical services to construction, industrial, commercial and public sector clients in the UK and Ireland.
Imtech employs over 2,100 people, generating revenues of over €450m per year delivering mechanical and electrical engineering services, technical operation and management of facilities, and the integration of digital control solutions.
Backing and expertise from the EDF
Sun Hung Kai Financial (SHKF) announced it has closed on its acquisition of 100 per cent of UK specialist brokerage and research firm North Square Blue Oak Limited (NSBO), following strategic cooperation between the two parties that started in early 2016 and with approval from UK regulators.
Subsequently, NSBO has been renamed Sun Hung Kai Financial (UK) (SHKF (UK)). Through the acquisition, SHKF will now have the ability to conduct institutional brokerage, specialist research and corporate finance businesses in the UK.
Established in 2003 and headquartered in London with an office in Beijing, SHKF (UK) is a member of
By Ian Kelly, CEO, Augentius – When it comes to data, the headlines in recent weeks have understandably been dominated by the global WannaCry ransomware attack, but that’s not the only data issue that should be on the agenda of private equity fund managers and investors. In a year’s time, the General Data Protection Regulation will come into force, extending the scope of the EU data protection law to all foreign companies who process data that could identify living EU residents.
This new framework, the General Data Protection Regulation, is to be backed by strong enforcement and puts individuals in control
Fiduciary and administration provider, Estera, has acquired the Heritage Financial Services Group (HFSG), an independent business providing third party fund administration, depositary, trust and corporate services in Guernsey, the UK and Malta.
The transaction is subject to regulatory approvals, following which the business will be rebranded under the Estera name. HFSG employs approximately 100 people across three jurisdictions and all employees will remain with the business and become part of the Estera team.
Farah Ballands (pictured), CEO of Estera, says: ‘We are delighted to welcome HFSG to the Estera family; a team with an excellent reputation in client service,
Clayton, Dubilier & Rice (CD&R) is to acquire HD Supply Holding’s Waterworks business unit (Waterworks), a distributor of water, sewer, storm and fire protection products, for USD2.5 billion.
Through a carve-out transaction, Waterworks will become an independent company, wholly-owned by CD&R funds.
Waterworks is a leading US distributor of industrial and construction products used to build and maintain underground water, wastewater and drainage infrastructure networks. The company operates a national network of 244 branches in 46 states with a sales team of more than 1,700 sales representatives serving a diverse customer base of more than 37,000 municipalities, private water
Dentons has advised private equity investor Rutland Partners (Rutland) on its recent pound investment in Aston Barclay, the independent car auction group which provides vehicle remarketing services to fleet and dealership vendors.
Aston Barclay, which currently operates from four sites in the UK, has invested heavily in recent years in both its auction sites and IT systems. Rutland’s investment will be used to develop a new auction site at Donington Park in the Midlands, as well as to make further investment in its IT technology and staff.
The management buyout was overseen by Neil Hodson, formerly of HPI and
JMC Capital Partners (JMC), a private equity buyout firm focusing on industrial product and technology businesses, has expanded Business Development Team following the recent closing of its second fund at USD206 million.
With the addition of three more business development professionals, JMC continues its efforts to strengthen relationships with “lower-lower” market founders and business owners of unique industrial companies as well as expand its outreach to investment bankers, advisors and business brokers.
Todd Rainville, who joined JMC as Partner in February following 20 years of private equity and finance experience at several Boston area private equity firms, leads the business development effort. New additions
Aurora Capital Partners, a middle-market private equity firm, has acquired Randall-Reilly, a provider of B2B data and data-driven marketing services, media and events for the trucking, construction, agriculture and additional industrial markets.
Aurora acquired Randall-Reilly from Investcorp, a global manager of alternative investment products. Key Company leadership, including CEO Brent Reilly and COO Shane Elmore, will remain in their respective roles. Terms of the transaction were not disclosed.
Founded in 1934 as a print media business, Randall-Reilly has evolved and emerged as the leader in data-as-a-service and data-driven marketing solutions for industrial end markets including heavy duty trucking, driver
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
