Managers
Growth capital investor Beringea has launched a new lending company, ProVen Legacy, and closed its first two deals.
Healthcare media and marketing firm Cogora and fintech company Celoxica have received GBP500,000 and GBP250,000 loans respectively to support them in their next stage of growth.
Both companies are existing investments of Beringea’s VCT funds – ProVen VCT and ProVen Growth & Income VCT.
ProVen Legacy is designed to help investors mitigate inheritance tax (IHT) and preserve their capital. Investors should be able to benefit from up to 100 per cent tax relief from IHT on the value of
Generational Equity, a mergers and acquisitions adviser for privately held businesses, has advised on the sale of client EMCO to Motor City Fastener, a platform company of private equity firm Oakland Standard.
EMCO, founded in 1954, provides a wide array of electrical, mechanical, fluid power and automation products to customers that design, manufacture, or upgrade machinery. EMCO also provides inventory management programs, inventory kitting programmes, manufacturing services, and engineering and technical services. It is based in Charlotte, North Carolina.
Oakland Standard, a Michigan-based private equity firm investing in lower middle market industrial businesses, saw EMCO as a good add-on
Monroe Capital has acted as sole lead arranger and administrative agent on the funding of a USD28 million senior credit facility to support the merger of two consumer products research companies.
The merger will form the leading consumer products and testing research company in its industry.
The combined company will offer recruiting panellists for research studies, designing and administering tests, collecting all relevant data and analysing data for large blue-chip customers.
Maples and Calder has assisted aircraft leasing company Avolon Holdings in connection with its USD10 billion acquisition of the aircraft leasing business of CIT Group.
The acquisition has doubled the scale of Avolon’s business to create the third largest aircraft leasing platform in the world, with a combined fleet of 868 aircraft valued at over US43 billion.
Maples and Calder advised Avolon on all Cayman Islands and Irish law aspects of the financing, as well as the acquisition itself. The Cayman Islands team was led by partner Jonathon Meloy with the assistance of associates Anthony Philp and Shari
FIS is to sell its majority ownership stake in Capco to Clayton, Dubilier & Rice (CD&R), establishing Capco as an independent company.
FIS will sell approximately 60 per cent equity interest in its Capco business to CD&R funds and receive net cash proceeds of USD477 million.
Upon closing, FIS will also retain approximately 40 per cent equity interest in the business.
The transaction, which includes other consulting-related assets, is expected to close by early third quarter, subject to required regulatory approvals and customary closing conditions.
Capco, the public brand for FIS’ management consulting offering, is a
TPG Capital, the global private equity platform of alternative asset firm TPG, is backing RCN Telecom Services’ acquisition of Wave Broadband for USD2.365 billion.
Currently owned by Oak Hill Capital Partners, Wave management and GI Partners, Wave is a regional broadband fibre company offering a full suite of high-speed data, video, and voice services to residential and business customers.
RCN and Wave will combine to create the nation’s sixth largest cable operator, with a diversified presence across seven of the top 10 cities in the US.
The transaction is expected to close in the second half of
Noerr has advised Anschutz Entertainment Group in setting up a strategic partnership in the German cycling market.
Together with the Amaury Sport Organisation, it intends to revive the most important German stage race in road cycling, the Deutschland Tour.
The goal of the joint venture is sustainable development of cycling in Germany.
This means the return of the Deutschland Tour in August 2018 and the further development of the classic Eschborn-Frankfurt cycling race.
The Anschutz Entertainment Group has been active in the German market for more than a decade – its portfolio includes the German premier
YFM Equity Partners, a private equity fund manager, has backed the MBO of TEV Limited, a UK designer and manufacturer of cooling, heating and refrigeration equipment.
TEV marks the third investment from the YFMEP 2016 Fund which closed at the end of last month.
TEV operates through two widely recognised brands, Marstair and Quartz, both of which offer bespoke products which are unavailable in the mass market. Marstair supplies air conditioning and refrigeration equipment into a variety of end markets, such as retail, leisure, food manufacture and solutions for harsh climates. Quartz focuses on chilled water cooling solutions for commercial,
Transportation has dominated the performance of Quaero’s infrastructure strategy over the past four weeks, with the largest sectoral exposures diversified infrastructure companies (17.3 per cent), toll roads and tunnels (16 per cent) and rail & bus (12.8 per cent).
The best performing sectors in April were satellite (up 9.2 per cent), airports (up 5.8 per cent), and toll roads/tunnels (up 5.3 per cent).
The only two infrastructure sectors which lost ground in April were agriculture (down 1.3 per cent) and electricity transmission and distribution (down 1 per cent). The positive performance was broadly based with 83 per cent
High Road Capital Partners has completed the acquisition of Storage Battery Systems from Supply Chain Equity Partners, marking the seventh platform acquisition for High Road Capital Partners Fund II.
Founded in 1915 and based in Menomonee Falls, Wisconsin, Storage Battery Systems (SBS) is a leading assembler and value-added distributor of branded, rechargeable industrial battery solutions and test equipment for motive, stationary and standby power applications.
“SBS is a leading provider of motive power solutions for the material handling and logistics industries and a trusted service partner for manufacturing and distribution companies in the upper Midwest, as well as a
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
