Managers
Large banks continue to eschew lower middle-market loans because of heightened regulatory scrutiny and unattractive risk-adjusted spreads as they concentrate on larger, more fertile customers, says Old Hill Partners.
The result is large banks and large companies have benefitted most from the post-crisis recovery, while small banks and small companies have not.
This trend is borne out by hard data, the commentary notes. According to the Federal Deposit Insurance Corporation, 42% of all active loans held by US banks originated from the five largest banks. Moreover, these loans are heavily concentrated: the six largest banks held 67% of loan
HIG Capital’s portfolio company Comverge is to merge with Constellation to form a new combined business, CPower, which will be headquartered in Baltimore, Md.
Power will operate as a new, standalone company independent from Comverge and Constellation, and deliver a full spectrum of demand response offerings to C&I customers across the United States. The combination creates one of the largest demand response companies in North America.
HIG holds a majority ownership interest in CPower, and Constellation holds a minority ownership interest and will remain an important business partner to CPower. Former Comverge Chief Financial Officer John Horton will serve as
Mercer, subject to regulatory approvals, has entered into a definitive agreement to acquire SCM Strategic Capital Management AG, a Swiss-based specialist private markets advisor and delegated solutions provider.
The acquisition will further strengthen Mercer’s capabilities in alternative investments, an area of growing importance in the global institutional marketplace.
“Mercer’s Investment business has achieved excellent revenue growth and SCM gives us an opportunity to build upon our outstanding global reputation,” says Julio A Portalatin, President and Chief Executive Officer of Mercer. “We are prepared to invest in areas where we see an opportunity to anticipate client needs and to strengthen our
In an extract from the recent Preqin Special Report: Renewable Energy Infrastructure, Preqin provides an overview of the renewable energy industry.
The global transition from reliance on traditional to alternative energy sources is an important political and economic issue, and one that has a significant impact on the infrastructure asset class. In order to stem the effects of climate change, governments around the world have initiated plans to increase green energy investment. However, with public funding often struggling to cope with the high levels of capital needed, a growing number of private renewable energy-focused infrastructure funds have been launched in
RLJ Equity Partners has acquired MarketCast, LLC, a provider of strategic insights and analysis to marketers and researchers in the global entertainment industry.
RLJ Equity Partners, in alliance with GE Asset Management, acquired MarketCast from Shamrock Capital Advisors, a leading media, communications, and entertainment private equity firm based in Los Angeles.
MarketCast works in collaboration with clients across the entertainment spectrum to test and optimise their content, marketing, and distribution strategies. The company maintains long-standing client relationships with all of the major motion picture studios and production companies, as well as a growing number of broadcast, cable, and OTT programmers
European companies competing in the global M&A market consider that increasingly tight anti-trust regimes in countries around the world are now the single most important hurdle facing international dealmakers.
That’s according to a new report by law firm Paul Hastings, “Global M&A: Momentum for Growth”, which is based on interviews with 40 top European corporations, investment banks, private equity funds and other business leaders. The potential limitations on a company’s freedom to manoeuvre, due to ever-stricter competition laws, meant that other forms of corporate combination may come back into favour as companies try to navigate antitrust regulations.
“We are
Pamplona Capital Management’s private equity fund has acquired a majority stake in Intralign Holdings LLC (Intralign).
Headquartered in Scottsdale, Arizona, Intralign was formed in 2012 with a disruptive thesis to address a critical issue facing many hospitals today – spiraling costs and inconsistent clinical outcomes in the operating room (OR). Intralign combines clinical expertise, consulting services and IT/analytics tools to increase efficiencies, lower costs and improve clinical outcomes in major joint replacement and other surgeries. Intralign's unique, technology-enabled service model provides a fully-integrated offering that enables hospital clients to better manage the costs of surgical episodes of care and
Solar Holdings has acquired CAP Automotive from Montagu Private Equity for a total consideration of GBP288m. Livingstone advised Solera on the acquisition.
Solera, a NYSE-listed company (Ticker SLH), is a leading provider of risk and asset management software and services to the automotive and property marketplace, including the global P&C insurance industry. Solera is active in over 70 countries across six continents.
CAP is a leading provider of real-time, high accuracy valuations and specifications for new and used vehicles in the UK. CAP’s solutions provide pricing transparency for vehicle transactions and enable buyers and sellers of vehicles to make accurate
Bowside Capital has held the final closing of Bowside Capital Fund III, with USD37.25 million in capital commitments.
“The offering was well received by our existing limited partners and other new investors, allowing us to exceed our target of USD35 million in under 12 months,” says Christian Albert, managing partner. “Our consistent and focused investment strategy on the small buyout market and the performance of the predecessor funds contributed to the success of the fundraise.”
Bowside's investment program is designed to build a diversified portfolio of investments in the private small cap market. Bowside invests in US and Canadian private
Venture capital investor Albion Ventures has launched the Albion VCTs Top Up Offers which are seeking to raise up to GBP25.5 million across its six venture capital trusts (VCTs).
The Offers are targeting a monthly tax-free income of around 6% (should investors choose to invest equally across all Offers), equivalent to approximately 8.5% on the net cost of investment after up-front tax relief at 30%. Investors in the Offers also have the option to boost their capital growth by participating in the dividend reinvestment scheme (“DRIS”), under which dividends are reinvested in the form of new shares in the Albion
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
