Managers
Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the middle market, has sold Power Products, a provider of branded electrical products and systems.
Details of the transaction have not been disclosed.
Headquartered in Menomonee Falls, Wisconsin, Power Products designs, manufactures, and distributes branded electrical tools, components, and power conversion products and solutions. Power
Products primarily serves the electrical construction, repair and remodel, marine and recreation, industrial, power, and transportation end markets. Power Products owns a broad portfolio of brands including BEP, Blue Sea Systems, Del City, Gardner Bender, Lenco
The Russian Direct Investment Fund (RDIF) and Türkiye Wealth Fund (TWF) have signed a memorandum establishing the Russia-Turkey Investment Fund.
The parties will work together to identify attractive investment projects that could strengthen bilateral economic ties and increase investment flows between the two countries.
According to the agreement, RDIF and TWF will invest up to USD500 million each in the Russia-Turkey Investment Fund.
Kirill Dmitriev, CEO of the RDIF, says: “We are pleased that business activity gives impetus to the development of Russian-Turkish relations. RDIF is in close contact with its Turkish partners since TWF’s foundation. A common
Corporate and financial law firm Gattai, Minoli, Agostinelli & Partners has advised Bain Capital in the secondary buyout of Italian tyre distributor Fintyre from BlueGem, advised by Gianni, Origoni, Grippo, Cappelli & Partners.
Gattai, Minoli, Agostinelli & Partners assisted Bain Capital with a team composed by partner Cataldo Piccarreta, senior associates Lorenzo Fabbrini and Maria Pia Palma and associate Domenico Garofalo for the corporate profiles and by partner Cristiano Garbarini and associate Alban Zaimaj for the fiscal aspects of the transaction.
Studio Pirola Pennuto Zei & Associati advised Bain on the fiscal due diligence and business profiles, with a
Cairngorm Capital Partners had made a further investment in Stevenswood Trade Centres to enable Stevenswood’s acquisition of Truemans Holdings.
This transaction advances Stevenswood’s ambition to develop a national network of trade counters and completes strategic gaps in its presence in England.
The new combined group will continue to be headquartered in Livingston and will have over 30 branches across the UK, generating revenues of over GBP40 million and employing over 165 people.
A wholly owned family business established in 1997, Truemans is a rapidly growing trade counter group, operating four trade counters in Burnley, Doncaster, Sheffield and Crewe,
Last year the number of hedge fund launches globally fell by an estimated 40 per cent, but despite this there have been a number of positive developments for the funds industry in the BVI.
One is the creation of an AIFMD opt-in regime for the BVI, called the Securities and Investment Business (AIFMD) Regulations, as the BVI looks to seek approval from the European regulator, ESMA, for third country equivalence and introduces into the BVI an AIFMD equivalent regime.
"Secondly, there is fairly advanced work on updating the BVI's Partnership Act. This statute is due a refresh and expected to
PIXID SAS, a French cloud-based temporary workforce management and recruitment solutions provider, has acquired the Internet Corporation, the owner of applicant tracking system and recruitment software Amris.
The transaction has been completed for an undisclosed amount.
PIXID’s proprietary technology is currently responsible for filling one out of four temporary positions in France. Having powered the temporary staff market in France, it intends to establish itself as a well-known digital platform for the management of temporary workforce in the UK and the rest of Europe.
The company’s platform enables clients of all sizes to efficiently manage its temporary workers
Omnes Capital and Bpifrance have sold their stake in Grain d’Or Gel, a company specialising in the manufacture of frozen bakery products such as pizza dough and snacks.
This disposal falls within the framework of the merger between Grain d’Or Gel and Lubrano.
The new entity, named Groupe Novepan, represents sales of around EUR50 million.
The deal involves the Azulis Capital fund as majority shareholder, alongside the management team, which has increased its stake during this new round of fundraising. Omnes Capital and Bpifrance acquired a stake in the company in 2008 within the context of a management
Henkel signed an agreement to acquire Nattura Laboratorios, headquartered in Guadalajara, Mexico, and associated companies in the US, Colombia and Spain.
Through the acquisition Henkel will further strengthen its hair professional business and expand its footprint in both the emerging and mature markets.
The transaction includes a portfolio of leading brands in Henkel’s core hair professional category. Major brands are Pravana and Tec Italy. In the fiscal year 2016, the business generated sales of more than EUR100 million.
“This acquisition is part of our strategy to strengthen our position in attractive markets and categories. We will expand our
Fried Frank has advised longstanding client Permira on the raising of its latest flagship buyout fund, Permira VI.
The fund reached its final close in December 2016 at EUR7.5 billion.
Permira VI will invest in mid to large cap buyouts with exposure to faster-growing international markets and sub-sectors. The fund focuses on market-leading businesses with strong growth potential across diversified industries and geographies.
The Fried Frank team included asset management partners Richard Ansbacher and Kenneth Rosh, and associates Alex Kaufman, Nicole Lares and Jessica Pevzner; and tax partner David Shapiro and associate Steven Gilbert.
Fried Frank has advised Dyal Capital Partners, a division of Neuberger Berman, on the formation of Dyal Capital Partners III, a fund formed primarily to acquire interests in third-party private equity managers.
The fund exceeded its original fundraising target by more than USD2 billion, closing at USD5.3 billion in December 2016.
The new fund has already committed more than half its capital in six transactions, buying stakes in Vista Equity Partners, EnCap Investments, Silver Lake Technology Management, HIG Capital, Starwood Capital Group and KPS Capital Partners.
The Fried Frank team included asset management partner Richard Ansbacher and associates
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