Managers
Ridgmont Equity Partners’ prtfolio company APE Companies (APE) has acquired Corrosion Specialties, Inc, a full service distributor of corrosion control equipment and consumable products to the transportation, manufacturing, and energy industries.
CSI will continue to operate a distribution centre in its Duluth, Georgia, headquarters and a distribution centre in Jacksonville, Florida. Financial terms of the transaction were not disclosed.
“CSI has been a well-respected name in the abrasives business for fifty years and we’re very excited to welcome the team to our family of companies,” says Kevin Willis, CEO of APE Companies. “This addition to our partnership will further propel
State Street research reveals that nearly two thirds (59 per cent) of institutional investors globally are set to increase their allocation to private equity over the next five years.
However, a further 15 per cent of institutional investors said their exposure to private equity is likely to decline over the same period. The firm writes that private equity assets under management reached a new high of USD2.4 trillion in June 2015.
Alternatives are seen as key to boosting returns, with 46 per cent of asset owners planning to increase their exposure. However, if the private equity industry fails to
Wealth management firms Mercer Advisors and Kanaly Trust are to merge to create a combined company will assets exceeding USD8 billion under management, making it one of the largest independent wealth managers in the United States.
Terms of the private transaction have not been disclosed.
The combined company will be led by David H Barton (pictured), Chief Executive Officer of Mercer Advisors. Mercer Advisors was acquired by Genstar Capital, a private equity firm, last year. Kanaly Trust is owned by Lovell Minnick Partners, a private equity firm that invests in the financial and related business services sectors, which will
Hastings Equity Partners (Hastings), a private equity firm focused on investing in lower middle market energy services and equipment companies, has made its fifth Fund III platform investment in Cactus Fuel.
Based in Midland, Texas, Cactus Fuel is a value-added distributor of fuel and lubricants to upstream and midstream customers throughout the Permian Basin. Founded in 2012, Cactus Fuel is recognised as a market leader in the most active shale play in the US and the firm utilises advanced technology to ensure best-in-class service for all of its customers.
"We are very excited to partner with Hastings and look forward
Digitech Venture Capital Fund (Digitech) has made its first venture capital investment in Texas startup SmartHome Hero.
SmartHome Hero is a home resource management (HRM) platform that delivers streamlined warranty management and repair service for homeowners while providing a digital advertising platform for builders, smart home products and manufacturers. Consumers gain improved home automation, energy savings, and home resale value.
Digitech, with its first close in Q4 2015, has wasted no time identifying quality technology deals. With offices in Houston and Austin, and a solid network of East and West coast funds, Digitech will leverage a team of incubators, accelerators,
Diamond Wipes International, a specialist in the contract manufacturing of private label disposable moist towels and sample packets has secures an equity investment from Nolan Capital, the family office of Peter Nolan, the former Managing Partner and current Senior Advisor to Leonard Green & Partners.
"This investment by Nolan Capital will help Diamond Wipes solidify over 20 years of our leadership in the disposable wet wipe industry. With the investment we plan a significant expansion of our manufacturing capability in the United States, enabling us to service our existing customers better and grow with new clients," says Diamond Wipes CEO
Buy-to-build private equity firm Silverfleet Capital is to acquire a majority stake in Coventya from Equistone Partners Europe Limited for an undisclosed sum. The transaction is subject to competition clearances.
Coventya, a Paris-headquartered company with a strong international presence, develops, manufactures and supplies specialty chemicals used for surface treatment. Founded in 1927, Coventya has become one of the world leaders in this niche market, due to its capacity to innovate and the quality of its customer service. The group offers a large range of products used in numerous sectors such as the automotive, luxury and consumer goods, construction, aviation, data
Axol Bioscience has exceeded all expectations in its crowdfunding investment round. The game-changing stem cell tech company listed on SyndicateRoom seeking GBP600,000, but massive investor interest saw the campaign quickly reach a revised overfunding limit of GBP1 million, with a surplus of demand following the close.
Axol’s huge raise is further evidence of SyndicateRoom’s leading position in crowdfunding for life science: SyndicateRoom alone accounts for more than 40% of Europe’s total number of life science raises.
Using Nobel Prize-winning technology, Axol Bioscience produces stem cells from human blood and skin cells. These stem cells can then be turned into a
Jersey’s funds industry will need to embrace FinTech, assert its long-standing expertise and focus on innovation in order to remain at the forefront of a constantly evolving global funds landscape, according to the chairman of the Jersey Funds Association (JFA).
Speaking at this year’s annual JFA Dinner (18 March), Ben Robins (pictured) told an audience of over 450 funds professionals, senior politicians and regulatory representatives that the recent performance of Jersey’s funds industry painted an extremely positive picture and positioned the jurisdiction well as a centre for alternative funds business.
Highlighting that the total value of funds business grew at
Ropes & Gray advised HongDao Advisors (HongDao) on the successful closing of three of its recent investment transactions. Ropes & Gray acted as HongDao’s legal counsel on all three transactions.
In February 2016, HongDao investment funds invested over USD 10 million in Lagou Information Limited and subscribed for newly issued Series C preferred shares of the company. Lagou Information Limited is a company focused on online human resources solutions in China.
Earlier in January 2016, HongDao investment funds also closed an investment in WeBus Holding Ltd. HongDao invested over USD8 million by purchasing outstanding shares from the existing shareholders and
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
