Managers
It was a record year for exits by entry EV as stock markets across Europe welcomed IPOs of private equity-backed businesses, and corporate buyers – particularly from North America – found attractive opportunities in private equity (PE) portfolios.
That’s according to EY’s latest PE exit study: ‘Forging ahead? How do PE investors create value’.
Launched at the BVCA Summit, the study reveals that the value of PE portfolio businesses sold was a record high in 2014, well above the historical peak of 2006. PE exits to corporates were also at record levels, with North American buyers the most active, and
Apollo Aviation Group, a multi-strategy aviation investment manager, has raised USD833 million for SASOF III, its third aviation fund, a total well in excess of SASOF III's USD750 million target.
SASOF III, an institutionally-focused commingled private equity fund, follows on from SASOF and SASOF II where Apollo Aviation raised USD213 million and USD593 million, respectively in 2010 and 2013. SASOF III's investors include a broad group of sophisticated governmental plans, insurance companies, fund of funds, endowments and others.
William Hoffman, Apollo Aviation's Chairman says: "As our largest fund yet, it is a testament to the success of our
Private equity firm Trilantic Capital Partners Europe has completed the acquisition of a 90 per cent shareholding in Doppel Farmaceutici (Doppel) after obtaining anti-trust approvals.
Doppel operates exclusively on behalf of third parties as a Contract Development and Manufacturing Organization (CDMO). The investment in Doppel by Trilantic Europe comes as the CDMO pharmaceutical sector is expected to grow significantly in the next five years. Financial details of the investment have not been disclosed.
Trilantic Europe acquired the 90 per cent shareholding in Doppel from a number of Italian entrepreneurs, including Pierluigi Busca who has been a shareholder in Doppel
An affiliate of private equity investment firm HIG Capital has completed the acquisition of T-Bird Restaurant Group, the franchisee of Outback Steakhouse for the state of California, operating 63 stores across the state.
Founder and CEO Thomas Shannon, Jr says: “T-Bird is proud to have successfully represented the Outback brand for more than 20 years in California. The Company is well-positioned to extend its track record of growth and success, especially given the resources and motivation of HIG Capital. For both our customers and employees, I am excited to partner with HIG to continue growing the Outback brand in the
Dyal Capital Partners has acquired a passive minority interest in the controlling company of Chenavari Investment Managers diversified alternative asset manager focused on credit, structured finance, real estate and private debt strategies.
Chenavari had approximately USD5.4 billion of assets under management as of 1 September, 2015.
Dyal is a private equity business within Neuberger Berman, a private, independent, employee-owned investment manager with USD251 billion in client assets.
Chenavari will continue to be led by Loïc Fery (pictured), CEO & Co-CIO, and Frederic Couderc, Co-CIO. They will retain complete control over the firm’s operations and investment process. Dyal’s strategic
Conviviality Retail, the owner of Wine Rack and Bargain Booze retail chains, has completed the GBP200m acquisition of Matthew Clark, the UK drinks distributor, in a deal led by investment banking boutique Zeus Capital.
Zeus acted as financial adviser, nominated adviser and joint bookrunner to Conviviality Retail on the transaction, which included a GBP130m equity fundraise and a debt raise of GBP170m. In addition, the firm managed a highly competitive auction process, and its institutional relationships and capability to deliver complex equity market transactions enabled Conviviality to obtain exclusivity for the acquisition.
Since the deal was announced on the
Monroe Capital has participated in a senior secured credit facility to support Holley Performance Products’ acquisition of MSDP Group (MSD) by private equity sponsor, Lincolnshire Management, Inc.
Holley and MSD are cornerstone brands in the performance automotive aftermarket, with leadership positions in fuel systems, exhaust, ignition and electronic tuning. Both Holley and MSD have extensive portfolios of iconic brands and highly desirable products that provide innovative performance solutions to passionate automotive enthusiasts.
Private equity firm EQT has signed an agreement via its EQT Mid Market Fund to acquire Berlin-based kfzteile24 GmbH. The company is being sold by its two founders, Matthias Kieper and Torsten Hainke.
Both remain substantial shareholders in kfzteile24 and will continue in their roles as co-CEOs in order to drive the company’s growth and development. kfzteile24 is a leading German online retailer for vehicle parts and accessories. Three bricks and mortar stores in Berlin with affiliated repair shops supplement the online operation. kfzteile24 has around 500 employees.
A Berlin-based team from CMS Germany headed by lead partners Dr
Brandon Collins and Heather Parker have launchedCollins-Parker, a new private equity firm to work primarily in seed-stage investments in the technology industry.
Collins-Parker is slated to be fully operational in January 2016. While the firm will be primarily involved in the technology industry, it will also have operations in traditional financial sectors. The firm will be headquartered in New York, with an office in San Francisco, and plans to establish a Beijing office in 2017 as a part of the firm's initiative to have at least 25 per cent of its holdings in the Chinese market.
Although a for-profit
Hastings Equity Partners, a private equity firm focused on investing in lower middle market energy services and equipment companies, has made its fourth Fund III platform investment in Hybrid Tool Solutions (Hybrid).
Hybrid provides its customers with a patent pending, revolutionary process for conducting frac plug drill outs. The Hybrid Tool is the most advanced system on the market because it simplifies the steps involved in stick pipe drill outs and tube ups. In addition to saving time, Hybrid offers its customers a higher safety standard and significant cost savings. Hybrid is active in the Marcellus Shale, Utica Shale and
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
