Managers
Quadrivio Private Equity Fund 3 has completed its second investment, acquiring a majority stake in Farmol, a Bergamo-based producer of aerosol and liquid based products for the household and personal care sector.
Since 1946, Farmol has served multinational companies in Europe through its four production plants. It has a turnover in excess of EUR80 million, 75 per cent of which is generated abroad. The company has exhibited a growth rate of about 20 per cent in the last year, with an operating profit margin of around 10 per cent.
The founders and the management team of the business will
Francisco Partners Management, a technology-focused private equity investment firm, has closed the Agility Fund, a USD600 million fund targeting smaller tech deals.
“Our natural process of meeting companies has consistently produced very interesting opportunities that may be too small for our main funds. With the addition of Agility, we now have the flexibility to opportunistically pursue some of these best opportunities,” says Dipanjan Deb, co-founder and CEO of Francisco Partners.
Francisco Partners is still investing FP IV which includes investments such as Capsilon, Click Software, GoodRx, and the pending acquisition of Dell Software Group.
FP IV will continue
Orrick is advising Tokyo-based Lintec Corporation in its USD375 million purchase of Ohio-based MACtac Americas from global investment firm Platinum Equity.
Lintec is a manufacturer of adhesive-related products with operations in 15 countries around the world.
MACtac is a manufacturer and distributor of pressure sensitive labels with operations in the US, Canada and Mexico.
The acquisition will complement Lintec’s international footprint.
The Orrick team advising Lintec is led by M&A and private equity partner Hiroshi Sarumida and includes assistance from Tal Hacohen, David Ruff, Brad Breen, Bob Lawrence, Jim McQuade, John Narducci, Mitch Pahl and Gabriel Salinas.

Alternative investment specialist Investcorp has agreed to acquire the debt management business of 3i (3iDM) from UK-based 3i Group for GBP222 million (approximately USD271 million).
The deal will see Investcorp’s assets under management (AUM) increase by USD12 billion to approximately USD23 billion.
Investcorp says the acquisition will add to the firm’s existing product offerings across private equity, real estate, and alternative investment solutions (formerly hedge funds).
The transaction is subject to various regulatory approvals and is expected to close in the first half of 2017.
3iDM is a global credit investment company managing funds which invest
Legal & General Investment Management Real Assets (LGIM Real Assets) has completed a new loan to the Arora Group, for GBP175 million over 15 years, refinancing existing debt for Arora in the current low interest rate environment.
LGIM Real Assets arranged the transaction for a third party client alongside its annuity fund and the deal is the second financing between Arora Group and LGIM Real Assets.
Steve Boyle (pictured), lending manager at LGIM Real Assets, says: “The fundamentals of this loan are very strong. It is secured against a high quality asset within the Arora Group portfolio. We continue
Warren Equity Partners, a middle market private equity firm, has acquired a majority interest in IPC Lydon, an industrial services business specialising in maintenance, repair and upgrade services to the material handling, power generation, wastewater treatment and general industrial markets.
IPCL, based in Avon, Massachusetts, was previously a wholly owned subsidiary of Jay Cashman. Jay Cashman, chairman and owner of Cashman, will retain a significant equity interest in the company. Terms of the transaction have not been disclosed.
John Burke, president of IPCL, says: “IPCL has one of the most experienced management teams in the specialty services and mission
Palamon Capital Partners has agreed the sale of SARquavitae, an elderly care provider in Spain, to HomeVi SAS, a portfolio company of PAI Partners.
The transaction is subject to receipt of antitrust clearance from the European Commission and is expected to close in the first quarter of 2017.
The sale will result in an investment return of 3x for Palamon.
Julian Carreras, partner at Palamon, says: “We are delighted with the result of our investment in SARquavitae which when complete will generate nearly EUR140 million of proceeds and a 3.0x return for our investors. Our investment thesis for
Barclays has signed a GBP1.5 million money market loan agreement with Kimble, a business performance software provider.
The funding agreement was signed by Lorraine Ruckstuhl from Barclays and Sean Hoban from Kimble, to provide the business with working capital for future growth.
The funding comes from Barclays’ GBP200 million venture debt fund, which was established to help the UK’s high-growth firms compete with Silicon Valley. To date, Barclays has helped a range of high growth companies with business financing from this fund.
The fund was extended to GBP200 million earlier this year, in addition to the launch of
Research and analytics firm MPI has published an assessment of Ivy League endowments’ 2016 FY Performance. The firm writes that asset allocation remains the largest determining factor in endowment performance.
“Commodities and Emerging Markets, each of which suffered respective losses due to continued declining oil prices or political turmoil, were a significant drag on Ivy League funds’ returns. Despite FY 2015’s stellar performance by Venture Capital and marginally positive returns by Hedge Funds, both asset classes posted negative returns in FY 2016. Real Estate, US Equities and Bonds were the highest performers in FY 2016.
“Yale continued its strong performance.
The outcome of the US presidential election represents a significant threat to merger and acquisition (M&A) activity over the next six months, according to a survey of over 1,600 global dealmakers by Intralinks.
Respondents from North America predict the US presidential election will have the greatest impact on M&A activity in their region over the next six months, despite the other significant economic factors in play such as the threat of further interest rate rises.
A weak global economy, China, the prospect of further US interest rate rises in 2016 and the UK’s Brexit vote all registered as significant
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
