Managers
Private equity trade association Invest Europe has published its 2016 European Private Equity Activity report revealing that fundraising for investment into companies across Europe hit its highest level since 2008 last year at EUR74.5 billion, a 37 per cent year-on-year increase.
The report reveals private equity investments totalled EUR53.7 billion last year, the second highest amount since 2008. Almost 6,000 companies across Europe benefited from investment, 83 per cent of which were small and medium-sized enterprises (SMEs). Exit activity remained robust at EUR38.9 billion, divested at cost.
“This data demonstrates high investor confidence in European private equity, in an otherwise
Tecum Capital has launched a new control equity buyout platform, Tecum Equity Partners III.
The entity is a committed pool of capital backed by Western Allegheny Capital, a family office focused on control equity acquisitions.
The nature of the platform allows for a longer term time horizon and a business friendly approach to ownership transitions and successions.
“Partnering with Western Allegheny adds a new dimension to our investment focus and an additional stable source of capital for our team,” says Stephen J Gurgovits, Jr, managing partner of Tecum Capital Partners. “As a family office platform, we have
Highland Capital Management Korea, an affiliate of Dallas-based alternative investment management firm Highland Capital Management, has closed a healthcare-focused private equity fund, with approximately USD147 million of total capital commitments.
South Korea’s National Pension Service (NPS) served as the anchor investor.
Highland’s private equity fund is its first healthcare sector-specific undertaking in Asia. While Asian investors have shown increased interest in the sector during the past two years, most investments made to date were on a direct basis or via multi-purpose funds.
Investors participating in the Highland fund with NPS Korea have specific objectives within the healthcare
Vistra, a corporate service provider of international incorporations, trust, fiduciary, private office and fund administration services, has acquired the compliance division of Foster Raffan, a boutique chartered accounting firm based in Sydney, Australia.
Commencing business under the current owners in 1995, Foster Raffan provides accounting and tax, audit, and wealth management services.
The firm commenced business under the founding partners in the 1970s. The compliance division has grown in the past 20 years as one of the leading business units within the firm, providing accounting, business planning and monitoring, payroll and company secretarial services, superannuation administration and tax
Ogier has acted as Luxembourg counsel to Paladin Capital Group on the structuring and launch of a fund investing in and developing global cyber security assets.
The Luxembourg-based European Cyber Fund, whose cornerstone investors include side-by-side commitments from the European Investment Fund (EIF) and Luxembourg Future Fund, is managed by Paladin and invests in cyber security companies throughout Europe and worldwide.
Paladin has offices in both Europe and the US and works closely with governments, universities, research and development companies and entrepreneurs in the cyber security domain. Since its inception, it has committed more than USD1 billion across multiple
Neptune Energy Group, backed by funds advised by The Carlyle Group, CVC Capital Partners Fund VI and a group of co-investors, are to acquire a majority shareholding in ENGIE E&P International (EPI) from France’s ENGIE Group for USD3.9 billion (EUR3.6 billion).
The proposed transaction is subject to relevant consultation processes and customary regulatory approvals with completion expected by early Q1 2018.
EPI is a large global E&P business focused on North West Europe and with operations in North Africa and South East Asia. EPI produces more than 150 kboepd and has proven and probable reserves of 672 mmboe. The
Sixpoint Partners, a global investment bank serving the middle market, has closed Delta-v Capital 2015 with USD232 million raised through limited partner capital commitments and its co-invested fund, Delta-v Capital 2015 Access Fund.
Delta-v Capital closed the fund in excess of its USD150 million target, receiving commitments from a number of top-tier investors, including public pensions, asset managers, family offices and corporate pensions.
Fund III’s strategy is to use Delta-v’s capital and experience to offer liquidity solutions and growth equity to enable private technology companies to realise a higher trajectory of growth and success.
The firm typically invests
The Wood Street Microcap Investment Fund has been renamed as the CF Livingbridge UK Micro Cap Fund.
The changes will align the fund name with that of the investment manager.
Livingbridge is a UK mid-market private equity houses, with a bottom-up investment approach.
The fund continues to invest in growth sectors within the UK economy and in companies that have the potential to increase profits without a tailwind from the wider economy.
Ken Wotton is the lead fund manager of the CF Livingbridge UK Micro Cap Fund and has been since launch in 2009. He leverages the
Private equity fund manager YFM Equity Partners has closed its first buy-out fund, YFMEP 2016, at GBP45 million, 50 per cent above its initial target.
Launched last year, the fund is targeted at the gap left by venture capital trusts; focussing on buy-out and growth investments in the UK requiring equity of up to GBP10 million.
All YFMEP 2016’s investors are UK based, drawn from institutions, families and individuals with the average investment around GBP2.5 million.
With only a few funds targeted at this market, YFM is looking to invest the monies within two years; with a strong
Shore Capital Partners’ product platform IZI Medical Products has acquired the vertebroplasty family of products from Cook Medical.
The acquired products are commercially marketed under the Duro-Ject Osteo-Site, Osteo-Force and Vertefix brands, consisting of needles, injectors and cements.
These products are used in the growing market for treating vertebral compression fractures through a minimally invasive procedure.
“Cook has done an excellent job establishing these products as reliable, high-quality solutions for treating vertebral compression fractures and we have enjoyed working with them on this transaction,” says Greg Groenke, chief executive officer, IZI Medical. “We are excited to increase the
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