Managers
Preqin and Baxon Solutions have formed a strategic partnership, which includes Preqin taking a significant minority stake in Baxon.
This will accelerate Baxon’s development and delivery of a comprehensive portfolio management and valuations platform for the private equity industry. The principal aim of the partnership is to combine the alternative assets expertise of both firms to address the rapidly increasing market demand from both GPs and LPs for transparent, accurate and actionable data on their funds and portfolio investments.
Jorge Hansen, Managing Director of Baxon, says: “We are extremely excited about partnering with Preqin and becoming part of the
Corporate, fund and private client services provider JTC Group has marked its 27th consecutive year of growth with the launch of a refreshed global brand.
The launch of JTC’s new look comes after another successful year, which saw the firm continue its strategic expansion plan, growing its Assets Under Administration (AUA) to more than GBP25bn across its three core divisions, expanding its global footprint to have a presence in 17 jurisdictions, growing its volume of clients to over 2,000, and increasing its global staff headcount to over 300.
JTC highlights from 2014 include acquiring a book of private client business
D E Shaw Renewable Investments has acquired Balko Wind, a wind energy project in Beaver County, Oklahoma from Apex Clean Energy (Apex).
Apex developed the 300 MW project and sold it to an affiliate of DESRI in late 2014. Financing for the acquisition and construction of the project was provided by Santander Bank, NA, KeyBank, NA, Citi, and Banco de Sabadell, SA. Commitments for tax equity financing were provided by affiliates of Bank of America Merrill Lynch, General Electric Capital Corp, Google Inc, and Citi. CohnReznick Capital Markets Securities, LLC acted as advisor to DESRI for the tax equity
RLJ Equity Partners has acquired Phase One Consulting Group, a provider of information technology-based consulting services and solutions to various US federal civilian agencies.
Founded in 1997 and headquartered in Alexandria, Virginia, Phase One provides a range of strategic solutions addressing IT strategy, organisational transformation, strategic communications, process and business analysis, solution architecture and engineering, agile development, and cybersecurity.
"Phase One Consulting Group has a long-standing reputation as a trustworthy resource for its work across a broad spectrum of federal agency and industry clients," says RLJ Equity Partner's Managing Partner Rufus H. Rivers. "RLJ is excited to support the company
Kit Check, a specialist in hospital pharmacy kit processing and medication tracking software, has secured a USD12 million Series B funding round led by Kaiser Permanente Ventures.
Rex Health Ventures, the venture investment arm of Raleigh, NC-based Rex Healthcare, also contributed to the round. All previous investors from the 2013 Series A funding round also participated in the Series B; these include New Leaf Venture Partners, Sands Capital Ventures, Easton Capital Investment Group and LionBird. Dave Schulte, vice president and senior managing director of Kaiser Permanente Ventures, will also join Kit Check's Board of Directors.
Kit Check has achieved tremendous
Marquee Brands LLC announced today that it has reached a definitive agreement to acquire the Bruno Magli brand and related intellectual property assets from Bruno Magli Spa.
The transaction is expected to close in early 2015.
Founded in 1936, Bruno Magli is among the original Italian luxury brands. Combining a rich heritage and classic style, the brand has produced fashion footwear for a global consumer base including celebrities and royals throughout its nearly eighty years.
“Marquee Brands was created to acquire and grow high quality brands through product and geographic expansion. Bruno Magli is one of the most revered Italian
Private equity investment firm Harvest Partners has formed Harvest Partners SCF (HP SCF), a private investment advisor that provides structured equity and junior debt solutions to business owners.
HP SCF intends to target investments with private equity-like returns while assuming the risks more characteristic of debt investments. HP SCF will endeavour to achieve protection of principal by:
• Investing in high quality companies that meet HP SCF’s specific investment criteria
• Structuring investments to be senior in liquidation preference to a significant amount of underlying enterprise value
• Obtaining rights, controls and protective covenants that HP SCF believes will further
The total value of exits from private equity-backed portfolio companies throughout 2014 hit USD428bn, higher than any year previously and up from the USD330bn of exits in 2013. Christopher Elvin, Preqin’s Head of Private Equity Products, comments on the current deals and exits environment:
2014 represented the highest ever annual value of private equity-backed buyout exits. This has resulted in a significant increase in the level of capital being returned to buyout fund investors, which had almost surpassed the full-year 2013 amount as of June 2014 (the latest data available). Furthermore, the total value of private equity backed buyout deals
Verne Global has secured USD98m of equity funding, led by Stefnir, an Icelandic asset management and private equity firm that is working with several of the largest Icelandic pension funds.
Existing investors – the Wellcome Trust, Novator Partners and General Catalyst – also participated in the round.
Verne Global will use the funds to further expand its wholesale and colocation service offerings, as well as to design and develop high-density, flexible resiliency data centre space. This investment round ensures that Verne Global can deliver the infrastructure capacity to serve the rapid growth in demand it is seeing from new and
Private equity funds manager TPH Partners has partnered with Clark and David Nicklas to form Laurel Mountain Energy, an independent upstream company headquartered in Pittsburgh, Pennsylvania.
Laurel Mountain is focused on the acquisition and development of oil and gas properties across the Appalachian Basin, with a primary focus on the Marcellus, Upper Devonian and Utica formations in Western Pennsylvania.
Laurel Mountain is led by Clark Nicklas (CEO) and David Nicklas (President), a father-son team that has worked closely together for eleven years at Vista Resources, a well-established, independent oil and gas company that was founded by Clark Nicklas in 1987.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
