Managers
Susa Ventures has held the closing of Susa Ventures II, a USD50 million seed stage venture fund.
The firm plans to make a dozen investments each year in companies that have found strong product/market fit and are building long-term defensibility through proprietary data, network effects and economies of scale.
Susa's first fund, which had a similar focus, is a portfolio of 41 companies that includes Flexport, which achieves economies of scale by handling high shipment volumes; Casetext, which is building the leading resource for legal analysis using a growing network of legal experts; and LendUp, which leverages proprietary data
Prudential Capital Group provided more than USD5.3 billion of private capital in the first half of 2016 to companies and projects globally, increasing its overall portfolio to a record high of approximately USD76 billion in total assets as of 30 June 2016.
Prudential Capital Group is the private placement arm of PGIM, the global investment management businesses of Prudential Financial.
“For more than 75 years, Prudential Capital Group’s commitment to investing in long-term relationships has allowed us to consistently offer financial support to high-quality private and public companies around the world – even during periods of sustained volatility,” says
Integrated Micro-Electronics (IMI) is to acquire a 76 per cent stake in VIA Optronics, an optical bonding and display solutions provider, from Alpina Partners for EUR47.4 million.
Alpina Partners is selling all of its 55 per cent shareholding as part of the transaction. Alpina Partners has been a shareholder in the company since June 2010.
VIA was established in 2005 and has approximately 290 employees across four countries. With its headquarters in Schwarzenbruck, Germany, VIA has research facilities and manufacturing sites in Mörsdorf, Germany and Suzhou, China, and sales offices in Florida and Taipei.
Company founder Jürgen Eichner
Siccar Point Energy, a joint venture owned by Blue Water Energy and funds managed by Blackstone Energy Partners, has acquired an 8.9 per cent interest in the Greater Mariner Area from JX Nippon Exploration and Production (UK) Limited.
This acquisition is the first since Siccar Point Energy was launched in August 2014 following its initial funding by Blue Water Energy and Blackstone.
The Mariner Field, the centrepiece of the Greater Mariner Area, is located in the UK sector of the North Sea, on the East Shetland platform, and is one of the largest remaining oil fields in the UK
Noerr has advised Shanghai Electric Group on the acquisition of German aviation equipment manufacturer Broetje Automation.
The Chinese conglomerate is acquiring the group from Deutsche Beteiligungs AG (DBAG), the machinery and plant manufacturing company.
The purchase price is approximately EUR173.5 million.
Broetje group, which is represented worldwide and headquartered in Rastede, is a supplier in the aerospace industry. The product portfolio includes the development and production of fastening machines and systems for aircraft manufacture as well as complete solutions for turn-key production stages in aircraft assembly plants.
Listed Shanghai Electric Group is active in the sectors renewable
Crestline Specialty Lending (CSL), a part of the opportunistic investment group of credit-focused institutional alternative asset manager Crestline Investors, is supporting benefitexpress’ add-on acquisition of benefitsCONNECT.
benefitexpress, headquartered in Schaumburg, Illinois, provides a cloud-based Software-as-a-Service platform for employee benefits and health exchanges. The company provides software and services, including benefit enrolment, management and administration, billing services and a call centre, to employers across the US.
benefitexpress was formed in 2001 and is a current portfolio company of LLR Partners, a Philadelphia-based private equity investment firm.
"Since completing the investment with LLR, benefitexpress has been committed to building on
Zubr Capital, the first Belarusian private equity firm, has launched Zubr Capital Fund I (ZCFI) with capital commitments of USD50 million.
The fund plans to make long-term investments for a period of up to 10 years and will target Belarusian companies.
The European Bank for Reconstruction and Development (EBRD) is the anchor investor of the fund, contributing USD12.5 million, a total which may be increased in the coming year.
ZCFI is aiming for a portfolio of five to seven companies with a focus on rapidly developing operators in the IT sector, producing consumer goods with high export potential,
Clearlake Capital Group is to sell NetMotion Wireless, a provider of mobile security software solutions, to The Carlyle Group.
The transaction is expected to close in the third quarter of 2016, subject to normal closing conditions and regulatory approvals.
Financial terms of the deal have not been disclosed.
Since Clearlake’s acquisition of the company in 2012, NetMotion has built on its leadership position in the mobile security market. NetMotion mobile security solutions manage, optimise, accelerate, and secure all traffic to mobile devices across any network, application or operating system.
Under its ownership, Clearlake supported NetMotion and the
Hanover Investors has completed the acquisition of AIM listed Hydro International, a storm water and waste water engineering business.
The business was bought for a total consideration of circa GBP29 million by the Hanover Active Equity Fund through a Scheme of Arrangement.
This is the first investment by the fund and fits into its strategy of private equity style involvement in listed entities, including take-privates.
The team at Hanover identified Hydro as a business constrained by the public markets, showing tangible value potential. Hydro operates in niche engineering segments of the storm water and waste water sectors which are growing quickly and are influenced positively by regulatory drivers. The US and Middle East markets, which contribute
UK peer-to-peer finance platform Assetz Capital has received a 5-Star rating from Defaqto in the independent financial information business’ first ‘Loan Based Crowdfunding’ analysis.
Assetz Capital’s rating, which relates to investing on the platform, is one of only four 5-Star peer-to-peer awards made by Defaqto.
Assetz Capital has facilitated the investment of more than GBP130 million into credit-worthy UK businesses since its launch in March 2013 with a resultant GBP13 million of gross interest before tax earned by lenders. Every Assetz loan is backed with property, and/or other realisable security in order to minimise the risk for investors.
Stuart Law,
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
