Managers
UK private equity investor LDC has exited its investment in international hosting group UK2 in a sale to The Hut Group (THG), one of the world’s largest online health and beauty retailers and brand owners.
The transaction value has not been disclosed.
LDC originally backed a management buyout of the UK2 Group in 2011 from Cloud Group, supporting the expansion of its portfolio of hosting products whilst accelerating the development of its added-value 100TB offering.
The sale does not include UK2 Group’s US based e-sports business, Digital Chaos, which remains under LDC’s ownership.
THG says the
UK law firm Shepherd and Wedderburn has acted for Safestay in its GBP18.4 million debt restructuring and refinancing with HSBC.
The Shepherd and Wedderburn team also acted for the group in completing sale and leaseback transactions on Safestay’s hostels in Edinburgh and London’s Elephant & Castle.
Those transactions raised gross cash proceeds of GBP12.6 million.
Safestay is best known as a provider of premium affordable tourist accommodation in city centre hostels across Europe.
Scott Ritchie, partner in Shepherd and Wedderburn’s real estate team, says: “The combined drive and ambition of Safestay is truly impressive, and we are delighted
From a structuring perspective, infrastructure funds are most frequently established as either a limited partnership or a limited company. Partnerships are the familiar vehicle for private funds, whereas companies will be used for listed vehicles.
Obviously there will be nuances, depending on the asset class and the type of investors being targeted. “You can give limited companies characteristics that resemble a limited partnership, particularly in offshore jurisdictions like Guernsey, but generally it will be one of the two options described,” says Craig Cordle (pictured), investment funds Group Partner from Ogier in Guernsey.
There are some inherent difficulties with infrastructure funds,
PNC Bank has closed a USD37 million senior secured credit facility for Derby Fabricating Solutions, a portfolio company of Prophet Equity Management.
PNC Capital Markets led the syndication as sole lead arranger, with PNC Bank serving as administrative agent. Steel City Capital Funding, a division of PNC Bank, provided a portion of the financing.
Based in Louisville, Kentucky, Derby Fabricating Solutions is a converter and fabricator of foam and other non-metallic sealing, noise vibration and harshness abatement components primarily servicing North American automotive suppliers.
Derby will use the funds, in part, for its acquisition by Prophet, and to
Life sciences venture capital fund Pappas Capital’s new fund Pappas Ventures V has invested in OrphoMed, a clinical stage company that is developing therapies for treatment of inadequately-controlled gastrointestinal disorders.
The investment in OrphoMed is the first investment by the new Pappas Ventures fund.
The USD39 million Series A funding round was led by New Enterprise Associates and also included Takeda Ventures, Relativity Healthcare Partners and the Mario Family Fund.
OrphoMed’s lead programme is aimed at treating irritable bowel syndrome with diarrhoea (IBS-D), a disorder that affects the intestinal tract and causes cramping, abdominal pain, bloating, gas
DC Capital Partners Management has held the final close of its first institutionally-backed private equity fund, DC Capital Partners Fund II, at its hard cap of USD450 million.
The fund was established to make control, private equity only investments in middle market, US based, government services and engineering & construction services businesses.
The fund targets equity investments of USD25 million to USD75 million in aggregate per platform and has significant equity co-investment capacity from the general partner and the limited partners to pursue larger investments.
The principals of DC Capital have been investing primarily in the target
Clearwater International has advised the shareholders of Buchbinder on the sale of the company to Europcar Group.
Founded over 60 years ago, Buchbinder is a well-established company in Germany, with an extensive network of 152 stations of which 18 airport stations and an average fleet in excess of 20,000 vehicles. It is the fifth largest car rental company in the market with a solid positioning as a low cost car rental operator, as well as a leading position in the vans and trucks segment.
Buchbinder is also a market leader in Austria and is present in Hungary and
SoftBank Group has selected Jersey for the structuring of its new Vision Fund, working alongside law firm Carey Olsen and fund and corporate services provider the Aztec Group.
The SoftBank Vision Fund has now raised over USD93 billion in committed capital, making it the world’s largest ever investment fund. This record-breaking level of commitment has been raised from some of the world’s largest sovereign wealth funds and biggest and most recognised technology companies.
The fund has drawn widespread public interest since it was announced in October 2016, due to the significant fundraising target, high profile investors and, in
Conquest Asset Management has reached a final agreement with SolairDirect, a subsidiary of Engie, to acquire a portfolio of six solar photovoltaic parks in France.
The real assets portfolio, located in the South of France, represents a total of 35MW power capacity.
The assets are supported by up to 20-year power purchase agreements with French incumbent utility EDF, and they benefit from long-term partnerships in operations and maintenance with the Engie Group.
“This transaction is the result of the relentless work and expertise developed at Conquest in the infrastructure space and renewable power real assets over the
Linklaters has acted as fund counsel to SoftBank Group on the launch of the SoftBank Vision Fund, leading the establishment of the world’s largest technology investment fund targeting USD100 billion and the largest ever private fundraise.
As fund counsel, Linklaters advised Japan’s SoftBank, one of the world’s leading technology companies, on fund structuring, terms and regulation and the establishment from scratch of a global regulated alternative investment business and its relationship with SoftBank and its own investment activities.
Linklaters’ mandate included establishment of the fund structure, drafting funds documents as well as a wide range of ancillary documentation
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
