Managers
Global private equity firm HIG Capital has sold Brand Addition to Elysian Capital.
Terms of the transaction have not been disclosed.
Headquartered in the UK, Brand Addition is a global service provider in the design, sourcing and distribution of promotional merchandise to large corporates predominantly in the automotive, engineering, health and beauty, FMCG, technology and financial services industries.
Following the carve-out from 4imprint in March 2011, HIG teamed with Chris Lee and the senior executives of Brand Addition to reposition the business, increasing the range of services and geographic reach, and shifting the emphasis to focus on large
Law firm Howard Kennedy has acted for the founders and shareholders of Solopress on its sale to German print giant Onlineprinters, which completed on 2 May 2017.
Solopress, founded in 1999, is one of the UK’s largest fast-turnaround online print companies, providing a wide range of business printed materials, including business cards, leaflets, brochures, posters and banners.
In 2016 the business fulfilled more than 300,000 orders and in October 2016 hit its one million order mark.
Onlineprinters, based in Germany, is one of a portfolio of companies held by the German family office and private equity investor Bregal
CVC Credit Partners’ US middle market private debt business acted as administrative agent on a first lien senior secured debt facility provided to Wastewater Specialities (WWS).
The proceeds were used to refinance existing debt and support future growth through equipment purchases.
Headquartered in Lake Charles, Louisiana and employing over 300 people, WWS is a provider of industrial and specialty cleaning services to over 500 industrial, marine, oilfield and commercial customers. The company was acquired in December 2014 by Polus Capital and management.
David Rous, managing director in CVC Credit Partners’ private debt business, says: “We are delighted to
The Business Development Bank of Canada (BDC) and MaRS Investment Accelerator Fund (IAF), a seed-stage investor funded by the Province of Ontario and managed by MaRS, have held the first closing of StandUp Ventures Fund I.
BDC Capital, the investment arm of BDC, has contributed CAD5 million to the new fund; other investors are being sought.
"I am delighted to see this new fund take flight and I am optimistic that other corporate investors will follow BDC's lead in this regard," says Jérôme Nycz, executive vice president of BDC Capital.
BDC announced that it would create the fund in November
Private equity deal volume in Q1 2017 rose by 3.6 per cent to 348 from 336, while the combined value of European private equity backed deals fell to EUR27.5 billion from EUR39.3 billion, according to the Q1 2017 Private Equity Barometer, published by unquote” in association with SL Capital Partners.
The average deal value in Q1 2017 (EUR79.1 million) was down 32 per cent on Q4 2016 (EUR117.1 million), while deal volume was the highest since Q3 2016 while deal value was the lowest since Q3 2016.
The value of buyouts fell 40 per cent from EUR36.3 billion in
Tecum Capital has held the first closing of its second SBIC (Small Business Investment Company) fund having secured a license from the US Small Business Administration (SBA) for the fund’s operation.
This second fund, Tecum Capital Partners II, is fully subscribed at USD225 million, and will continue the strategies of its first SBIC fund by making mezzanine loans and minority equity investments across many industries.
"The second SBIC license is a significant achievement for Tecum Capital as it will help drive our long-term growth plans,” says Stephen J Gurgovits, Jr, managing partner of Tecum Capital Partners. “This new fund
EMK Capital has held the final close on its first fund, EMK Capital Partners, at the fund’s GBP575 million hard cap.
The fund was raised from first meeting to final close in just eight months.
EMK is an independent firm, established to continue the investment strategy of the managing partners, Edmund Lazarus and Mark Joseph, at their predecessor firms Bregal Capital and Oakley Capital Private Equity.
The fund will focus on securing control or substantial influence predominantly in UK headquartered mid-market businesses where EMK has identified unrecognised and/or hard to realise value and where EMK can support companies
Independent fund and corporate services provider the Aztec Group has established two Jersey Private Funds (JPFs), the first funds to be formed since the regime’s inception on 18 April 2017.
Introduced last month by the Jersey Financial Services Commission, the new JPF product has been designed to rationalise and consolidate Jersey’s private fund regimes for funds offered to up to 50 professional investors.
The Aztec Group worked closely with law firm Mourant Ozannes to establish the first new fund structures approved under the new regime. The first, a private equity fund, required a closed-ended limited partnership managed by its
Wellfleet Credit Partners, the credit business of private investment firm Littlejohn & Co, has closed a USD457.8 million collateralised loan obligation (CLO), Wellfleet CLO 2017-1, the fourth CLO issuance for the firm.
Benefitting from supportive market conditions and investor receptivity, CLO 2017-1 was upsized approximately USD50.0 million during marketing.
With the completion of this CLO, Wellfleet is managing four CLOs that total over USD1.5 billion in aggregate.
The CLO will be backed by a diversified portfolio of broadly syndicated senior secured loans. Five classes of notes rated Aaa through Ba3 by Moody’s and one class of notes rated
KV Private Equity has acquired Northern Lite Mfg as the first investment of KV Private Equity Fund.
Founded in 1989 and located in Kelowna, British Columbia, Northern Lite manufactures desirable high-end fibreglass truck campers, which are distributed throughout Canada and the US via its well-established dealer network.
“We are excited to have the opportunity to continue building this exceptional business. It is an honour that Mac will continue with us as a Director, and that his son Keith has agreed to join us as a shareholder, while also staying on as the general manager of Northern Lite,” says Jonathan
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