Managers
Apex Fund Services has agreed a recapitalisation deal with middle-market private equity firm Genstar Capital and is also to acquire Equinoxe Alternative Investment Services.
Headquartered in Bermuda, Apex was founded in 2003 by Peter Hughes (pictured) and today provides back office, middle office, regulatory reporting and other administrative services to a global customer base of asset managers across all asset classes.
With the addition of Equinoxe, Apex will increase its suite of middle office solutions and will administer close to USD80 billion in assets.
With enhanced capabilities, global reach and capital support from Genstar, Apex has a goal
Finance platform Lendable has secured a USD550,000 debt financing for Raj Ushanga House (RUH), the Kenya distributor for Azuri Technologies, a provider of pay-as-you-go (PayGo) solar energy solutions.
Using a data driven “receivables financing” solution, capital is secured by future customer revenues from a portfolio of over 7,000 RUH PayGo solar customer contracts, and is the first such financing by Lendable for a PayGo energy company.
Raju Haria, CEO of Raj Ushanga House, says: “The debt financing from Lendable marks an exciting chapter for RUH. It enables us to reach more customers and finance their ownership of these assets.
Star Tech NG, the UK’s first portfolio company focussed on pre-IPO US tech giants, will shortly commence a second round of funding to raise in excess of USD50 million through a listed Guernsey fund.
Accredited investors are still able to participate in its first funding round up to a total of USD5 million.
The new funds will be invested in an expanded portfolio of pre-IPO disruptive technology companies and next generation scale-up stage businesses.
Star Tech NG is the UK’s first investment vehicle to focus directly on privately held US technology companies and has already invested USD1 million
White Oak Global Advisors has rebranded Capital Business Credit, the finance lender and provider of asset-based loans, factoring and trade finance products which it acquired in December 2016, as White Oak Commercial Finance.
“The White Oak Commercial Finance platform will provide asset-based loans, equipment financing, factoring, working capital solutions and credit services, ranging from USD1 to USD100 million, to small- and middle-market companies. This provides a greater number of companies with access to more capital and services than previously offered by either White Oak or CBC individually,” says Andre Hakkak, CEO of White Oak.
White Oak, together with White
Pictet Alternative Advisors (PAA), the alternative investment specialist of the Pictet Group, has held the final close at USD815 million of Monte Rosa IV, the fourth fund in a series of diversified, multi-manager private equity funds.
Maurizio Arrigo, head of private equity at PAA, says: “This is 2.5x bigger than the predecessor fund that closed in 2015. This successful fundraising comes as a confirmation that private equity has now become a major asset class, playing a meaningful role in most investors’ strategic allocation.”
Monte Rosa IV will invest mostly in North American and European buyout funds and to a
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
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
