Managers
General partners (GPs) expect to face increased competition for deals as growing numbers of limited partners (LPs) target transactions through direct investment, according to research by the London Business School on behalf of MVision Private Equity Advisers.
Almost half of GPs surveyed predict having to go head-to-head with LPs in acquisitions, with one in three already having done so in the last year.
GPs are also concerned that the rise in direct investment from LPs will significantly impact their ability to operate effectively. Almost 50 per cent of GPs questioned by the London Business School view Mega LPs –
Since its initial investment in PathXL in 2012, Edinburgh-based venture capital firm Par Equity has generated a 270 per cent tax-free return for investors from the sale of the tissue diagnostics medical technology firm to Philips for an undisclosed sum.
Queens University Belfast spin-out PathXL has developed digital pathology systems that detect, analyse, segment and catalogue tumours faster and more accurately than current methods, which mainly rely on human analysis of pathology slides.
Digitisation of pathology results and records has been shown to improve efficiency and reduce costs within medical and research institutions and organisations. It allows pathology information to
Total assets managed by the top 100 alternative investment managers globally reached USD3.6 trillion in 2015, up 3 per cent on the prior year, according to research produced by Willis Towers Watson.
The Global Alternatives Survey, which covers ten asset classes and seven investor types, shows that of the top 100 alternative investment managers, real estate managers have the largest share of assets (34 per cent and over USD1.2 trillion), followed by hedge funds (21 per cent and USD755 billion), private equity fund managers (18 per cent and USD640 billion), private equity funds of funds (PEFoFs) (12 per cent and
ARX Equity Partners has completed a first close of its latest Central Europe vehicle, ARX CEE IV, at EUR54 million, with total subscribed commitments of EUR66 million.
The fund, which has a target of EUR100 million including commitments from the European Investment Fund (EIF), will continue to execute the ARX value-creation strategy of investing in lower mid-cap businesses and SMEs in select Central European countries.
ARX has completed 22 platform investments and numerous add-on acquisitions over its two-decade operating history in the region. The EIF investment benefits from EU support under the COSME programme funded by the European Commission.
WestBridge Capital has completed a GBP10.5 million secondary buyout of ISG Technology, marking a successful exit for RJD Private Equity which originally backed a management buyout of the business in 2005.
ISG designs, installs and manages mission critical networking infrastructure solutions for blue chip organisations across the UK, including retailers, UK government, quick service restaurants (QSR) and major global ICT and telecommunications companies.
The company has built a strong reputation for delivering rapidly to some of the largest multiple site businesses in the UK. Customers include some of the UK’s largest retail, grocery and QSR operations in the UK, many
Siris Capital Group’s affiliates have submitted a unilaterally binding offer to acquire all outstanding shares of Polycom for a price of USD12.50 per share in cash.
The offer is subject to Polycom terminating its existing merger agreement with Mitel Networks.
Polycom has informed Siris that its board of directors has unanimously determined Siris’ offer to constitute a “Company Superior Proposal” under the terms of its merger agreement with Mitel. Polycom has also announced its intention to terminate promptly its merger agreement with Mitel.
The all-cash transaction is valued at approximately USD2.0 billion, including Polycom’s outstanding debt, which represents
Farallon Capital Management has completed fundraising for Farallon Asia Special Situations III and Farallon Asia Special Situations Master III, an Asia and Latin America focused private investment pool, with aggregate commitments of USD1.12 billion.
"We are very excited to begin investing FASS III and want to thank all of our investors for their continued commitment to Farallon. We take pride in providing flexible and strategic capital solutions to entrepreneurs, key families and business groups, even in a challenging business environment. We look forward to partnering with them to capitalise on the robust opportunity set that we see in Asia," says
HIG Bayside Capital, a credit affiliate of HIG Capital, has held the first close of IDeA CCR (Corporate Credit Recovery) I Fund, an investment platform managed by IDeA Capital Funds SGR (IDeA), at EUR260 million.
The fund, which comprises two sub-funds – a Credit Fund and a New Money Fund – will invest in Italian mid-sized enterprises in distressed situations, aiming to help them restructure and turnaround, and consequently help banks maximise the recovery of their original loans.
The Credit Fund consists of the loans in eight companies contributed by seven leading banks in Italy: UniCredit, BNL/BNP Paribas, Banca
Italian fund 21 Investimenti III is to acquire Philippe Model, a high-end fashionable leisure shoe brand based in the heart of the Riviera del Brenta Italian footwear district and distributed worldwide by top luxury wholesalers.
Founded in 2008 by the Italian designer Paolo Gambato, the company reached sales of over EUR30 million in 2015. Currently about 50 per cent of revenue is realised outside Italy: 40 per cent in Europe (mainly Germany, France and the Netherlands) with the rest in markets such as Japan and South Korea.
The company’s founders were looking for a financial partner to sustain the
Sofiprotéol and Tikehau Investment Management have launched a private debt fund called Sofiprotéol Dette Privée, which will finance the development of agro-food and agro-industrial companies of all sizes through bullet loans or leveraged acquisition financing.
This financing vehicle will be an addition to those already initiated by Sofiprotéol.
As part of the partnership, Tikehau IM will be able to call on Sofiprotéol’s extensive sector expertise. Financed initially by Sofiprotéol and Tikehau Capital alongside a group of first-tier institutional investors, the fund will have more than EUR100m at the first closing, with a target of EUR200m in commitments.
Mathieu
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
