Managers
Aurelius Equity Opportunities generated consolidated revenues of EUR2,892.3 million based on initial provisional annual figures in fiscal 2016, an increase of 44 per cent compared to the prior year’s revenue of EUR2,013.3 million.
The annualised consolidated revenues increased to EUR3,066.3 million.
Overall, Aurelius Equity Opportunities achieved EBITDA for the combined group of EUR148.4 million (2015: EUR266.1 million). The decrease can be largely attributed to the lower income from the reversal of negative goodwill from capital consolidation ("bargain purchase") compared to the prior year.
Operating EBITDA reached EUR114.0 million (2015: EUR123.2 million) despite the acquisition of yet unprofitable and
Monroe Capital has acted as sole lead arranger and administrative agent on the funding of a USD100 million senior credit facility to support the acquisition of Echelon Group (a d/b/a of MedLien Manager) and future growth of its successor Echelon Medical Capital, a portfolio company of DRB Financial Solutions.
In addition, the credit facility also supports the continued growth of its affiliated company, US Claims.
Based in South Florida, DRB is a diversified, multi-asset specialty finance company providing liquidity solutions to individuals and businesses across several niche areas including structured settlements, litigation finance, bankruptcy trade claims, and commission advances.
Independent Growth Finance (IGF), a commercial finance provider for SMEs, has delivered a GBP1.95 million combined invoice finance and asset based lending line for Pearl Automotive, a supplier to the automotive aftermarket.
The funding delivered by IGF will help to consolidate and grow Pearl Automotive’s existing business, and allow the firm to invest in new machinery to make the processes more efficient within its Essex headquarters.
Pearl Automotive has over 40 years’ expertise in supplying the automotive aftermarket with more than 7,500 lines, including fitted and workshop consumables, servicing and display stands. The firm supplies customers throughout the global
TVS Rico Supply Chain Services has acquired a majority stake in SPC International from Beringea, adding repair and parts supply to the company’s end to end supply chain services.
Beringea will retain a 5 per cent stake in SPC International, an Uxbridge UK based company which has grown significantly since its establishment in 1989 and has annual turnover of GBP20 million.
SPC International has operations in UK, France, Slovakia, USA and India. It offers hardware support with specialisation in IT spares and repairs, supporting multi-vendor maintenance contracts. SPC’s services and solutions include repair and refurbishment, remarketing, reselling, warranty management and
Kings Bromley Nursing Home in Burton-On-Trent, Staffordshire, has been acquired by RD Capital Partners (RDCP Care Limited) in a leveraged buyout deal supported by a seven figure funding package structured by Allied Irish Bank (GB).
The 55-bedroom facility has been purchased from its previous owners Embrace Care Group and will become RDCP Care’s flagship nursing home.
Kings Bromley Nursing Home provides specialist residential, nursing, palliative, dementia and physical disability care for older people. Offering expert care and support to people with a wide range of conditions such as Parkinson’s disease, stroke, heart and chest related problems, reduced mobility and
Quad-C Management, a middle market private equity firm, has held the final close and activation of its latest fund, Quad-C Partners IX.
Fund IX was oversubscribed and had a single closing at its hard cap of USD1.1 billion of limited partner commitments, exceeding its target of USD800 million.
Fundraising commenced in mid-July and was wrapped up by early January.
Similar to Quad-C’s prior funds, Fund IX will invest in middle market companies in partnership with owners and managers ranging in size from USD75 million to USD400 million.
Of the 13 deals in Fund VIII, eight were companies
Investcorp, a provider and manager of alternative investment products, has completed its acquisition and integration of the debt management business of 3i (3iDM) from 3i Group plc.
The business, now renamed Investcorp Credit Management (ICM), adds USD11 billion of assets under management, bringing the total to approximately USD21.4 billion.
Investcorp Credit Management is a credit investment platform managing funds which invest primarily in senior secured corporate debt issued by mid and large-cap corporates in Western Europe and the US. The business has a strong track record of consistent performance and growth, employing approximately 50 people in London, New York
Alternative investment specialist LGT Capital Partners is to acquire European Capital Fund Management, a London- and Paris-based private debt manager, from companies controlled by Ares Management.
Subject to regulatory approvals, the transaction is expected to close in the second quarter of 2017. The purchase price has not been disclosed.
In partnering up with European Capital, LGT Capital Partners will strengthen its investment competency in private markets. The transaction encompasses all private debt funds managed by European Capital and a team of more than 20 specialists.
“We are pleased to attain such an experienced team that has built a strong
ClearLight Partners has sold Consumer Safety Technology (CST or Intoxalock) to Welsh, Carson, Anderson & Stowe for an undisclosed figure.
Headquartered in Des Moines, Iowa, Intoxalock provides ignition interlock devices and accompanying driver monitoring services.
Ignition interlock devices are used primarily in DUI drivers’ vehicles to prevent the vehicle from starting when the driver has consumed alcohol.
Intoxalock serves a mission of making the roads in the US safer, preventing drivers from driving drunk, and helping people with substance abuse problems get their lives back on track.
ClearLight invested in Intoxalock in 2012 and supported strong growth
Austin-based venture capital fund Next Coast Ventures has closed its debut debt investment fund at USD85 million, oversubscribed by USD35 million.
One of the largest funds in Austin within the last three years, Next Coast’s limited partners include institutional investors, funds of funds and family offices.
“Austin has already arrived in the VC realm but now it needs to evolve,” says Mike Smerklo, co-founder and managing director of Next Coast Ventures. “We are finding outsized opportunities between the coasts with talented, tech-savvy entrepreneurs with vision. Our connections to Silicon Valley mean we can ink deals that accelerate our start-ups’
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