Managers
TPG Growth has acquired a 28 per cent stake in Asiri Hospital Holdings (Asiri” from Actis, an emerging markets private equity investor. Asiri is the largest multi-speciality private healthcare business in Sri Lanka, which is controlled by the dynamic Softlogic group led by Ashok Pathirage.
“TPG is one of the leading investors in healthcare globally, with an accomplished team of investment professionals, operators and technical experts who identify and execute on great opportunities in the sector,” says Bill McGlashan, Managing Partner of TPG Growth. “This network of experts, combined with the deep local relationships and experience of TPG Growth’s regional
Bregal Freshstream today announces that it has agreed to acquire Belgian self-service restaurant chain Lunch Garden from a consortium of investors led by H2 Equity Partners.
The investment is Bregal Freshstream’s first since launching its maiden EUR600 million fund in September 2015 and will see it take a majority stake in Lunch Garden.
Established in 1966 and with over 70 branches across Belgium, Lunch Garden offers customers traditional Belgian cuisine, complemented by popular international dishes, with an average meal price of EUR11. Located in prime, high-footfall areas, all sites are profitable with Lunch Garden commanding a growing market share
IK Investment Partners’s IK VII Fund is to to acquire Salad Signature, a manufacturer of spreadable salads in the Benelux, from AAC Capital. Financial terms of the transaction have not been disclosed.
With roots dating back to 1962, Salad Signature is a leading branded food franchise in the fresh categories of spreads, dips and salads, selling its products both through private labels and its own brands. The Company’s core markets are the Netherlands and Belgium, with an emerging international presence in France, Scandinavia, UK, Germany, and Poland. In 2015, Salad Signature generated revenue of EUR176 million and employed approximately 490
Law firm Shoosmiths has advised Truworths International on the acquisition of an 88.9 per cent stake in fashion footwear chain Office Retail Group (Office).
The deal value is ZAR5.5 billion (GBP256 million) and marks the South African fashion retailing group's entry in to the UK retail market.
The deal completed on 4 December. The business has been acquired from investment funds advised by European private equity group, Silverfleet Capital, and the management of Office. Management have reinvested a portion of their proceeds from the sale to retain an 11.1 per cent shareholding in the business. Truworths has the option to
Accountants and business advisers James Cowper Kreston has advised the management team of GfK's animal and crop health division on its management buy-out, which was agreed on 13 November 2015.
Based in Weston, Berkshire, the business, led by its Global Director Stephen Hearn, has grown rapidly since inception, delivering sales of around USD40 million in 2014. Building on the foundations of an already successful business in agricultural and animal health market research globally, the new company will continue specialising in all aspects of market research in animal health, crop protection, farm machinery and equipment, seed/biotech & fertilizers. All of the
Golub Capital, as Administrative Agent, Sole Lead Arranger and Sole Bookrunner, provided a GOLD financing and equity co-investment to support the acquisition of Active Day Senior Care by Audax Private Equity.
GOLD financings are Golub Capital One-Loan Debt facilities.
Active Day is a leading operator of adult day health services in the United States with 80 locations across the country. Each of its adult day health centres enables frail, elderly and disabled adults to live at home and remain independent in their communities, while receiving health care and supervision during the day, as well as providing relief and respite
Private equity firm Audax Group has partnered with management to acquire Active Day / Senior Care, a national adult care day provider, from Clearview Capital. Terms of the transaction have not been disclosed.
Headquartered in Trevose, Pennsylvania, Active Day / Senior Care is a leading national provider of adult day health services and in-home personal care. With more than 80 locations across the country, the Company provides therapeutic activities, opportunities for socialisation, and expert health and nursing care to improve its members’ daily functioning and delay the onset of chronic illness. The Company’s in-home senior care provides assistance with daily
Parthenon Capital Partners has completed its previously announced acquisition of Millennium Trust Company, a provider of technology-enabled asset custody solutions for institutions, advisors, and individuals.
Headquartered in Oak Brook, IL, Millennium Trust was established in 2000 to meet the market’s growing need for a more flexible provider of administrative and custodial services for both retirement and taxable investment accounts. Servicing the needs of individuals, institutions and advisors, the Company has continued to experience significant growth over the past few years across its three product areas: Rollover Solutions, Alternative Asset Custody Solutions, and Private Fund Custody.
The targets nascent sectors
Options available to fund managers marketing into Europe under the Alternative Investment Fund Managers Directive (AIFMD) will be the focus of a Guernsey funds masterclass in London next year.
The event, which takes place at the British Museum on Wednesday 3 February, will feature a panel debate among leading figures from the funds industry and a keynote speech from Lord Flight. The panel discussion will examine the benefits and suitability of National Private Placement (NPP) regimes and third country passporting under AIFMD.
In July the European Securities and Markets Authority (ESMA) made its recommendation to grant Guernsey a third country
Luxembourg is prepared and has a key role to play in ensuring the success of the new European Long-Term Investment Funds (ELTIFs), which came into being this week, according to the Association of the Luxembourg Fund Industry (ALFI).
ELTFIs have been established by the European Commission in a bid to give new impetus to the continent’s economic recovery.
“The objective of the EU in setting up ELTIFs was to boost smart, sustainable and inclusive growth,” says Denise Voss (pictured), Chairman of ALFI. “Take-up of the new funds may be a gradual process, but we believe that Luxembourg has the in-depth
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
