Managers
Diligent Corporation, a provider of secure online collaboration and document sharing solutions for boards, committees and leadership teams, is to be acquired by private equity firm Insight Venture Partners.
Under the terms of the agreement, Diligent stockholders will receive USD4.90 (NZD7.391) in cash for each share of Diligent stock, a consideration which values Diligent at approximately USD624 Million (approximately NZD941 Million1), including cash. The Diligent Board of Directors has unanimously approved the transaction and resolved to recommend that stockholders vote in favour of the agreement. The transaction represents a 31 per cent premium over the closing share price of NZD5.64
Offshore law firm Carey Olsen has advised specialist financial services private equity fund AnaCap Financial Partners on the close of its third Guernsey flagship fund, AnaCap Financial Partners III.
The Guernsey Fund will make equity and equity-related investments primarily in European financial services businesses, building on the successful programme achieved by AnaCap Financial Partners II.
Carey Olsen partner Ben Morgan and senior associates Emma Penney and Annette Alexander advised on the Guernsey aspects of the Fund.
Morgan says: "This third fund-raising is a notable achievement and Carey Olsen's extensive experience with these types of vehicles along with Guernsey's
Three Hills Capital Partners has closed a EUR60 million investment in Aquafil SpA. The deal was financed with EUR35m from Three Hills Capital Partners’ funds, while the remaining capital was provided by high-calibre co-investors.
Aquafil is a world leading player in the production of nylon filaments for textile floorings and of synthetic fibres for the apparel and sports industries. The Company services the flooring and textile industries through two main business units: (i) Bulked Continuous Filament (BCF), representing approximately 80 per cent of 2015 sales and consisting of synthetic yarns for textile flooring, and (ii) Nylon Textile Filament (NTF) representing circa 20 per
LetterOne (L1), the international investment business, has made a strategic investment of USUSD200 million in Uber.
Uber has a world-class technology platform that effortlessly connects people with an affordable ride at a press of a button. L1 contributes unparalleled local understanding and consumer knowledge in many emerging markets around the world.
As long-term investors, and successful entrepreneurs, L1 invests in world-class businesses and management teams.
Mikhail Fridman, Chairman of L1, says: "I'm excited by our strategic partnership with Uber. As entrepreneurs, with experience in retail, banking, telecoms and energy sectors, and knowledge of diverse developed and emerging markets,
Energy-focused private equity firm First Reserve has acquired the Mariah North Wind power project from Mariah Acquisition. Upon completion, Mariah North Wind is expected to generate 230 MW of wind power, serving the high-demand ERCOT market in Parmer County, Texas, with a 13-year, fixed price hedge for its power production.
The project will also construct and own a 27 mile, 345 kV transmission line to interconnect with the ERCOT CREZ system and is the first phase of an expected 600 MW development. The terms of the transaction were not disclosed.
The acquisition represents a continued expansion of First Reserve’s
Farol Asset Management (Farol), along with other leading institutional investors, has partnered with Liberty Hall Capital Partners (Liberty Hall) to complete the acquisition of AIM Aerospace, a supplier of parts for the aerospace industry, in a transaction valued at USD220 million
“Liberty Hall is a leading private equity firm in the aerospace and defence market and we are extremely pleased to partner with them on this investment,” says Doug Kelly, Partner at Farol. “We seek to invest alongside private equity firms in companies and industries where they demonstrate deep institutional knowledge and have the ability to create real value. AIM Aerospace is well positioned to
Extracts from the 2016 Preqin Global Private Equity and Venture Capital Report find that pricing for investment opportunities is seen as the biggest challenge facing fund managers in 2016, according to 40 per cent of survey respondents.
North America-based managers are particularly concerned with valuations; 54 per cent cite it as a key challenge in 2016. With strong fundraising activity through 2015 and a record USD435 billion in dry powder available at the end of the year, North America-based managers have a lot of capital with which to compete for private equity assets. Overall, 38 per cent of managers surveyed
Oxford Capital and MMC Ventures are joining the CoInvestor platform in order to provide opportunities for registered users to co-invest alongside them on a deal by deal basis.
It will give private investors the opportunity to take part in EIS investments led by Oxford Capital and MMC Ventures, two award winning fund managers that are regularly rated among the most active venture investors in the UK. The ability to co-invest alongside these fund managers provides investors with the opportunity to choose their own direct EIS investments but benefit from a professionally managed process. The platform provides them with increased flexibility
Food tech specialist Power Supply has closed a USD5 million seed round, led by VC firm Upfront Ventures, to grow its curated marketplace for chef-driven prepared healthy meals. The funds will enable the fast-growing lifestyle brand to expand into new markets and extend the technology capabilities to help more people improve their lives through food.
Already available in hundreds of locations throughout Washington DC, Power Supply launched in Los Angeles in 2015 and now is live in San Francisco, with other major cities coming soon.
“We’re using technology to connect two groups who haven’t traditionally had easy access to
CoInvestor, a new service enabling private investors to co-invest alongside professional Enterprise Investment Scheme (EIS) fund managers, today announced that Oxford Capital and MMC Ventures are joining the CoInvestor platform in order to provide opportunities for registered users to co-invest alongside them on a deal by deal basis.
The announcement says it will give private investors the opportunity to take part in EIS investments led by Oxford Capital and MMC Ventures, two award winning fund managers that are regularly rated among the most active venture investors in the UK.
“The ability to co-invest alongside these fund managers provides investors
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
