Managers
NTR has closed its second project debt facility this year with Ulster Bank, securing a GBP27.3 million (circa EUR30 million) project finance debt facility.
The debt facility will be used to finance the construction of the Altaveedan wind farm, a 18MW wind farm based in Co. Antrim, Northern Ireland, acquired by NTR in May.
With construction underway, Altaveedan is expected to be operational in the spring 2017.
NTR’s chief financial officer Marie Joyce says: “We are very pleased to have partnered once again with Ulster Bank on this transaction. This is the second facility transacted with Ulster Bank
BGF (Business Growth Fund) has exited its investment in Cussins, a family-owned house builder based in the North East, following the acquisition by Northumberland Estates of a minority stake in the business for an undisclosed sum.
The Cussins family remain majority owners of the business.
Minority shareholder BGF invested GBP5 million in Cussins in December 2014 to support new site acquisition and housing developments including sites at Longframlington, Warkworth and Longhorsely. In this time, turnover has more than trebled, with expected sales in excess of GBP15 million for 2016 and further growth forecast for 2017.
During the past
Adam Felesky and Paul Desmarais III have closed the Portag3 Ventures fund, which is focused on the financial technology sector.
Felesky, a co-founder and former CEO of Horizons ETFs, has been named president and will run day-to-day operations at the fund.
Desmarais III, a vice president of Power Corporation of Canada and Power Financial Corporation, will serve as executive chairman of Portag3 and will work closely with Felesky.
Portag3 is committed to finding creative, ambitious entrepreneurs who will help reshape the Canadian FinTech sector. Portag3 makes early stage investments in promising companies that have the potential for innovative
Coty is to acquire ghd, a premium brand in high-end hairstyling appliances, from Lion Capital for approximately GBP420 million (USD510 million) in cash.
The transaction will be funded with a combination of cash on hand and available debt facilities. Upon closing, the acquisition is expected to be immediately accretive to Coty’s earnings.
The addition of ghd’s high-performance lines of hair straighteners, hairdryers, curlers and other hairstyling appliances is expected to further strengthen Coty’s position in the professional hair category.
ghd’s products will enable Coty to offer salon partners and their clients an enhanced and more premium range of hair solutions.
Dortmund-based unified communications provider Swyx is to strengthen its cooperation with Deutsche Telekom after reaching a record number of 750,000 users this summer with 130,000 in the past year.
Both companies have signed a strategic cooperation agreement up to 2021. In addition, Deutsche Telekom has increased its existing stake in Swyx.
"We are very proud of the cooperation agreement we have signed with Deutsche Telekom. As a German technology company with a focus on unified communications solutions for small businesses, this strategic partnership allows us to unite our innovative product range with the intelligent market approach of Deutsche Telekom.
Pritzker Group Private Capital is to acquire ProAmpac, a flexible packaging company, from Wellspring Capital Management.
Pritzker Group Private Capital and other co-investors are investing alongside the ProAmpac management team, which will remain a significant shareholder, continue to lead the company and serve on its board of directors.
The transaction is expected to close later in November.
ProAmpac operates under the Prolamina, Ampac and Tulsack brands. Headquartered in Cincinnati, Ohio, ProAmpac has more than 2,400 employees across 18 manufacturing locations in North America, Europe and Asia. The company offers a broad range of products and capabilities, including wide web
GCI has secured a GBP50 million acquisition growth fund to support its strategic objectives.
The fund was facilitated via the Royal Bank of Scotland and HSBC in a deal led by GCI’s chief financial officer Mark Allen and brokered with the support of KPMG.
Allen says: “GCI has come a long way over the last nine months. At the start of the year we took a long hard look at our operation, and our marketplace, and set about finessing an organisation that has been 16 years in the making. The securing of this GBP50 million fund is another step
Cairngorm Capital Partners’ portfolio company Polyframe Group has acquired The Window Bureau (WB Group).
Established in 1981, WB Group is a manufacturer of a range of GRP composite doors and PVCu doors and windows, which it supplies to the UK trade sector.
The company operates from a 70,000 square foot production facility in Birtley, Durham employing just over 100 people.
The transaction was prompted by the retirement of WB Group’s founder and chairman, Kevin Craggs. It is the first since Cairngorm Capital supported the management led buy-out of Polyframe in July 2016.
WB Group aligns with Polyframe’s
A fund managed by BlackRock Real Assets has completed the refinancing of five operational wind projects in England with ING, which provided a GBP55 million long term debt facility.
The 46MW wind portfolio is located throughout England and the projects have been operational for three years on average.
The projects benefit from a 15-year power purchase agreement and long-term operations and maintenance arrangements.
“We are very pleased to refinance this wind portfolio on behalf of our clients. This transaction represents our continued focus on enhancing the value of our renewable power investments, where BlackRock has over USD2.5 billion
The Russian Direct Investment Fund (RDIF) and National Investment and Infrastructure Fund (NIIF), established by the Government of India with the support of RDIF, have agreed to set up a USD1 billion Russia-India Investment Fund.
The partners will work together to identify attractive investment opportunities that promote economic, trade and investment co-operation between the two countries.
Under the agreement, RDIF and NIIF will each invest up to USD500 million into the new fund.
The signing ceremony took place in the presence of Russian President Vladimir Putin and Indian Prime Minister Narendra Modi.
Kirill Dmitriev, CEO of the
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
