Managers
Tikehau IM has led a EUR60 million unitranche to support the recapitalisation of Terratest, an international provider of geotechnical engineering and foundations solutions.
Founded in 1959 in Spain, Terratest provides foundation work, ground improvement and micro-tunnelling services for large-scale international infrastructure projects, industrial, commercial and residential construction.
Los Angeles-based Platinum Equity acquired a majority interest in Terratest in 2014.
After pursuing a repositioning of the business, Terratest has become a growing international operator in its sector, with activities in more than 25 countries worldwide.
Tikehau IM acted as sole arranger of the EUR60 million unitranche transaction.
HIG Growth Partners, the growth equity group affiliate of private equity investment firm HIG Capital, has sold its position in Community Veterinary Clinics (CVC) to CVC’s management team and majority owners.
CVC provides preventative and wellness veterinary services throughout the US via its network of clinics. The company’s more than 2,500 community clinics, located in locally-based pet stores and feed stores, offer a wide variety of preventative pet care services, including diagnostic tests, vaccinations, prescription medications, microchipping and wellness checks. In addition, CVC sells a wide variety of prescription diets, medication, and other pet supplies through its online ecommerce
Carey Olsen’s Jersey funds team has advised TempoCap, a technology investment firm, on the establishment of a new investment vehicle, TempoCap 2S, one of the first Jersey Private Funds (PIF) to be formed since the new regime’s introduction.
The fund is a closed-ended limited partnership managed by its general partner company situated in Jersey which invests in European growth and venture assets.
Carey Olsen partner Robert Milner led the team, assisted by counsel Chris Griffin and associate Joseph Barker-Willis, advising on the Jersey aspects of the fund’s establishment.
The new Jersey Private Fund regime provides for fast
Valorem Energy, an independent oil and natural gas company headquartered in Oklahoma, has received an initial USD300 million equity commitment from the Kayne Private Energy Income Fund and members of the management team.
Valorem is a private exploration and production company formed to deploy over USD1 billion of capital to acquire and operate large, producing onshore US oil and gas assets, with an emphasis on the Rockies and Mid-Continent.
Valorem is led by CEO Justin Cope and COO Heath Mireles, former executives with Continental Resources.
Cope most recently led Continental’s Mid-Continent operations as Vice president of southern
Eaton Partners has served as the placement agent for MCH Private Equity’s fourth middle market private equity fund – MCH Iberian Capital Fund IV – which has held a final close at its hard cap of EUR350 million.
MCH Private Equity, founded in 1998 by José María Muñoz and Jaime Hernández Soto, invests in diverse economic sectors including specialised machinery and industries, services, consumer products and distribution among others.
The oversubscribed fund experienced significant demand with support from a diverse range of institutional investors. Eaton Partners, a Stifel Company, served as adviser and exclusive fund placement agent.
Blackstone and the Public Investment Fund (PIF) of Saudi Arabia are planning to launch an investment vehicle dedicated to infrastructure with an anchor USD20 billion contribution by PIF.
Blackstone anticipates that the programme will have USD40 billion in total equity commitments in a permanent capital vehicle, including USD20 billion to be raised from other investors.
Overall, through the equity in this vehicle and additional debt financing, Blackstone expects to invest in more than USD100 billion of infrastructure projects, principally in the US.
Across its investment strategies, infrastructure investing has been one of Blackstone’s most active areas. The firm has
UK peer-to-peer lending platform Assetz Capital has now lent over a quarter of a billion pounds since its launch in 2013.
The alternative finance platform helps small and medium-sized British businesses and house builders acquire funding.
It is now providing secured loans totalling GBP25 million per month and has lent more than GBP55 million in 2017 to date.
Stuart Law, CEO and co-founder of Assetz Capital says: “Assetz Capital’s growth remains strong and shows no signs of slowing down. It’s testament to the fantastic team and our cautious yet flexible approach that means we’re celebrating our quarter
Deal sizes are returning to their pre-2008 levels owing to the “dry powder” accumulated by private equity firms, according to Joseph Cohen, a panellist at the 2017 Guernsey Funds Forum in London.
Cohen says this is resulting in a greater number of club deals in the buyout arena as private equity firms team up to complete their deals.
“It’s estimated that there’s about GBP500 billion of capital waiting for deals currently,” says Cohen, founding partner of Trilantic Capital Partners.
With annual fundraising levels also returning to their pre-2008 levels, coupled with a slower deployment rate, Cohen says
Fundamental Advisors, an alternative asset manager focused on special situations in municipal market and public purpose assets, has held the final close of its third private equity fund, Fundamental Partners III, with USD993 million in capital commitments.
Fundamental exceeded its target for Fund III.
A majority of Fundamental’s existing investors committed to the fund, alongside a diverse group of new investors including state and corporate pensions, foundations, financial institutions, and ultra-high net worth platforms.
Consistent with prior funds, Fundamental will invest Fund III in municipal and public purpose assets that are critical to the community, including affordable
Nautic Partners is to acquire, in partnership with the existing management team, Endries International and certain Endries related affiliates, from Ferguson Enterprises and its affiliates.
The transaction is expected to close within the next 45 days.
Endries is a distributor of fasteners and Class-C parts serving industrial Original Equipment Manufacturers (OEMs) worldwide. From its headquarters in Brillion, WI and eight US and international distribution centres, Endries provides over 500,000 SKUs to its customer base. Endries operates primarily through a vendor managed inventory model, managing C-part categories for its customers across diverse industrial end markets. Endries partners with OEM customers
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
