Managers
HarbourVest Bidco has received an irrevocable undertaking from a SVG Capital shareholder in respect of 31,221,994 SVG Capital shares and letters of intent from SVG Capital shareholders to accept its offer in respect of a total of 35,419,782 SVG Capital shares.
These represent, in aggregate, approximately 20.0 per cent and 22.7 per cent, respectively, and together 42.7 per cent, of the issued share capital of SVG Capital as at 9 September 2016 (the last business day prior to the commencement of the offer period).
The irrevocable undertaking remains binding in the event of a higher, or any other, bid or
Zencap Asset Management has launched Zencap Infra Debt 2, attracting a total commitment of EUR236 million for its first closing from four institutional investors in the insurance sector.
The new vehicle, a French FCT, will invest through Natixis’ infrastructure platform, which provides access to infrastructure debt and bespoke servicing on each investment up until maturity.
The vehicle complies with the requirements of French Fonds de Prêts à l’Économie.
The strategy offered by the fund provides institutional investors with portfolio diversification and commitment to sustainable development through investment in various sectors such as social infrastructure, utilities, renewable energy, transportation,
Hermes Investment Management has launched the Hermes Direct Lending Strategy with an initial commitment from a cornerstone institutional investor.
Hermes intends to follow this with the launch of a fund later in the year, subject to regulatory approval.
The strategy aims to provide access to the stable, low-correlated returns offered by predominantly senior-secured loans to small and medium enterprises. It will initially have a UK focus, where there is the largest and most creditor-friendly lending market in Europe, while maintaining flexibility to invest across the continent.
UK senior-secured transactions will be originated through partnership with Royal Bank of
Private equity is enhancing value in operating companies, according to analysis by CEPRES looking at thousands of PE-backed operating companies post the global financial crisis.
CEPRES has found that during the period there has been a steady and significant increase in average compound annual growth rate (CAGR) of EBITDA for PE-backed companies.
Further, CEPRES found that increase in valuation of companies post the financial crisis is driven more by EBITDA growth than prior years.
This evidence supports the view that activist PE fund managers are effective and able to deliver on the promise of delivering returns through value
Clearwater International has advised the owners of Deku-Pack on its cross-border sale to UK-based DS Smith, a provider of paper, corrugated packaging and recycled materials across Europe and plastic packaging worldwide.
DS Smith operates across 36 countries and has more than 26,000 employees.
Denmark-based Deku-Pack specialises in point of sale (POS) and display solutions for in-store marketing. The business is focused on fast moving consumer goods (FMCG), retail and media markets and consists of five subsidiaries: Pro-Display, Deku-Stans, Vejle-Print, DM Plast and Emballage Form.
The transaction allows DS Smith to focus on FMCG and expand its offerings to
Tikehau IM has arranged a unitranche financing for the acquisition of Financière Rive Gauche (FRG), a subsidiary of Spanish group Martinsa-Fadesa, by the Atland Group, an investment of the Edmond de Rothschild Investment Partners’ Winch Capital 3 fund.
This unitranche, fully arranged by Tikehau IM, will enable the Atland Group to double the size of its housing and property development activities.
The Atland Group is a global real estate player active in three markets: housing, hotels and corporate real estate through Fonciere Atland.
Golden Gate Capital has completed its acquisition of Pacific Sunwear of California and all of its subsidiaries (PacSun).
PacSun has restructured and reduced its long-term debt and annual occupancy costs, as well as improved its capital structure.
Golden Gate Capital has converted more than 65 per cent of its term loan debt into the equity of the reorganised company and has provided a minimum of USD20 million in additional capital to the reorganised company to support PacSun’s long-term growth objectives.
Wells Fargo has also provided a five-year USD100 million revolving line of credit, subject to certain conditions.
BayWa re has sold the Saint-Congard wind farm in Brittany, north-west of Nantes, to the FPCI Capenergie 3 fund managed by Omnes Capital.
This is the first time that BayWa re has sold a French wind farm to a French investor.
The wind farm consists of four turbines manufactured by Senvion with an output of 8.2 MW. It has been operated by BayWa re since coming online in 2014.
As the Munich-based full service provider is already familiar with the plant, it will continue to provide technical and commercial operations management.
In total, BayWa re has brought four wind farms to completion in
LDC has supported international trust and corporate services provider Equiom in its acquisition of Links Group, a provider of commercial facilitation and advisory services in the United Arab Emirates and Qatar.
Links Group was the first company of its kind to introduce the corporate partner structure for local partner services, endorsed by the Government of Dubai through a strategic alliance with the Foreign Investment Office of the Dubai Economic Department.
The partnership will expand the geographic reach of both companies and broaden their respective service offerings.
The acquisition will create a business with combined revenues of more than
Swander Pace Capital, a private equity firm specialising in investments in consumer products companies in North America and the UK, has closed SPC Partners VI at USD510 million.
The fund exceeded its initial target of USD400 million with commitments almost exclusively from existing investors.
Swander Pace’s prior fund, SPC Partners V, closed in 2013 with commitments of USD350 million.
Swander Pace will invest Fund VI using its consistent strategy developed over 20 years of consumer products investing. Fund VI will continue the firm’s focus on middle-market consumer products companies where the firm can implement its playbook of strategic
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
