Managers
Private equity firm HIG Capital (HIG) has acquired substantially all the assets of Xtera Communications (Xtera), a provider of innovative and bespoke sub-sea fibre optic solutions.
HIG previously provided debtor-in-possession financing to the Xtera debtors in connection with the chapter 11 case.
Established in 1998 and based in the UK (Harold Wood, Essex) and the US (Allen, Texas), Xtera supplies un-repeatered and repeatered sub-sea systems, using high performance optical amplifiers to carry data. Under HIG’s ownership, Xtera’s management and technical team will remain at the helm of the business, focused on successfully executing key existing customer contracts and expanding the
Darby Private Equity’s Darby Converging Europe Fund III (SCS) SICAR (DCEF III) has completed a mezzanine debt investment in Unilink SA (Unilink), strengthening Unilink’s balance sheet and providing capital for growth through acquisitions.
Financial details of the transaction have not been disclosed.
Unilink is the leading insurance multiagency in Poland offering products of over 40 insurance providers through a distribution network of approximately 8,000 sales representatives. The recent merger with Insurance Service created a clear market leader with over PLN 450 million (approximately USD110 million) gross written premiums issued in 2016, which was a significant milestone towards Unilink’s goal of
Mark Hardwicke of boutique investment bank, Invenio Corporate Finance, writes on the tactics required to make a successful exit.
The word was not even in the dictionary five years ago. Businesses were not making plans for it, the government was refusing to consider it, and almost no-one was predicting it. The ‘it’, of course, is Brexit, a word that now seems to permeate every aspect of national conversation. Added to the equally unpredictable presidency of Donald Trump, the once unthinkable UK referendum result made 2016 a very unpredictable year. The legacy for business is continued uncertainty – something which seems
Dyal Capital Partners (Dyal), a division of Neuberger Berman Group, has closed Dyal Capital Partners III (PE), its third fund, with approximately USD5.3 billion of committed capital.
Dyal increased the target fund size by over USD2.0 billion during the marketing period, as investment opportunities increased and investor interest in the strategy was strong. The fund was heavily oversubscribed at the final close.
Aggregate commitments across all Dyal funds now total more than USD8.7 billion from 160 unique global investors, solidifying Dyal's position as the leading provider of minority equity capital to well-established private equity and hedge fund management companies. Dyal
Vision Capital has realised a 5.2x return its investment in Nordax Group AB (Nordax), a niche bank in the Nordic region.
Vision Capital acquired a majority stake in Nordax in July 2010. During Vision Capital’s ownership, Nordax successfully implemented several important strategic initiatives to improve its business, including expansion into Germany and obtaining a banking licence from the Swedish FSA.
Nordax successfully listed on Nasdaq Stockholm on 17 June 2015 with the IPO several times oversubscribed and priced at the top of the range. Vision Capital sold down its remaining shareholding in Nordax in three tranches; in addition to the
Allianz Global Investors (AllianzGI) has made an investment on behalf of its clients into the Balko Wind project (Balko Wind), a 300MW installed capacity wind farm located in Beaver County, Oklahoma.
Affiliates of D E Shaw Renewable Investments (DESRI) own Balko Wind. AllianzGI provided funding to refinance Balko Wind’s existing bank financing. The transaction was executed as a “back-leverage” loan in order to tailor the solution to the structure that DESRI had in place.
This is the first infrastructure debt renewable energy investment made by AllianzGI in a project sponsored by DESRI. KeyBank, NA acted as Placement Agent and
Global law firm Reed Smith has advised Graphite Capital and Micheldever Group (MTS) on the acquisition of MTS by Sumitomo Rubber Industries (SRI), Japan’s sixth largest tyre manufacturer.
The sale was made for GBP215 million, 3.7 times the original investment made by Graphite in 2006.
MTS is the second largest distributor of car, 4×4 and motorcycle tyres in the UK. Graphite Capital is a leading independent private equity house focused on UK mid-market investments.
The team was led out of London by private equity partner Laura Brunnen and senior counsel Martin Bowen, who recently joined the firm’s London office from
OakNorth has completed a debt finance deal worth GBP8 million to ICP Nurseries Ltd. The OakNorth loan will be used to further support ICP Nurseries in acquiring leading nursery settings.
ICP nurseries is owned by the founder, Tracey Storey, and the private equity firm Innervation Capital Partners. Tracey has worked in senior positions within the children’s nursery sector for over twenty years. ICP Nurseries currently owns: Little Muffins in Chiswick, The Old Barn in Banstead, Childcare4U Marlow and Beaconsfield, and Little Monkeys in central Windsor and Windsor Park. In total ICP Nurseries looks after over 400 children, from 0 to
KKR has agreed to acquire Travelopia from TUI AG (TUI). The transaction is subject to customary closing conditions.
Travelopia, headquartered in the UK, is a specialist travel groups, providing customers with unique experiences, such as sailing adventures, tailor-made holidays, sports tours, school expeditions, private jet travel and polar expedition cruises. Travelopia has a large, international customer base of over 800,000 travellers each year and serves over 70 destinations globally through its 53 brands.
Mattia Caprioli, Member & Head of Services at KKR Europe, says: “The high-end experiential travel market is underpinned by attractive structural growth drivers. These include the growing
Alter Domus, a provider of Fund and Corporate Services to international private equity & infrastructure houses, real estate firms, private debt managers, multinationals, capital markets issuers and private clients is to acquire CARTA Fund Services in the US.
CARTA specialises in providing Private Equity focused, client driven, customisable reporting and administrative solutions for both general partner sponsors and institutional and sophisticated investors.
The firm was founded in 2013 by Michael Trinkaus as a spinoff of a Private Equity company and today counts a team of 28 experienced private equity trained professionals.
Laurent Vanderweyen (pictured), Chief Executive Officer of Alter Domus, says:
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
