Managers
Global assets under management* of the private real estate industry have reached USD742bn, an all-time high for the industry, and up from USD697bn as of the end of 2013. Preqin’s Andrew Moylan takes a look at the latest stats on the industry.
Preqin’s latest research shows the private equity real estate industry continued to grow in 2014. The aggregate assets under management (AUM) of closed-end private real estate funds stands at USD742bn as of June 2014, an increase of USD45bn since December 2013. Total AUM has increased by 63% since December 2010, with a large proportion of this growth accounted
French private equity firm Idinvest Partners is now managing assets on behalf of French and international investors of in excess of EUR5 billion.
The firm has backed 3,500 companies since its launch in 1997 and spin-off from the Allianz Group in 2010.
Since Idinvest Partners became independent 4 years ago, the firm’s AUM have doubled from EUR2.5 billion to EUR5 billion. To support this growth, the team has also doubled in size, expanding from 25 to 48 people.
The pace of fundraising accelerated over the course of 2014, as the firm raised over EUR1 billion across various strategies including private
DigitalOcean has secured a USD50 million credit facility from funds managed by global investment firm Fortress Investment Group LLC.
This announcement comes on the heels of Netcraft’s report detailing DigitalOcean’s meteoric rise to the third largest hosting company in the world.
"This financing illustrates Fortress’s continuing interest in the data centre and cloud services industries. In our view, DigitalOcean is well positioned to succeed in the expanding cloud infrastructure sector," says Aaron Blanchette, Managing Director at Fortress Investment Group LLC. "We look forward to playing a part in DigitalOcean's organic expansion as they bring their cloud offerings to more international
Growthgate Capital’s portfolio company Gama Aviation has proposed a GBP82 million (USD127 million) reverse takeover with Hangar 8, an international operator listed on the London Stock Exchange’s Alternative Investment Market (AIM).
Subject to completion in early January 2015, the new business, Gama Aviation Plc (AIM: GMAA) will be listed with an anticipated market capitalization of GBP130million (USD200 million).
Growthgate Capital will receive shares in the public entity, with both the CEO and Chairman of Gama Aviation retaining their positions. This transaction results in Growthgate Capital receiving shares in the combined listed entity and realizing superior returns over invested capital.
The Standard Life European Private Equity Trust’s (SLEPET) net asset value per ordinary share (NAV) rose by 5.8% to 257.4p during the year ended 30 September 2014. The NAV total return to shareholders was 7.7%.
The Company’s portfolio, including net realised gains and income, generated a return of 9.7% during the year. This was after taking account of unrealised foreign exchange losses of 6.3%.
The closing mid-market price of the Company’s ordinary shares on 30 September 2014 was 230.0p, a rise of 16.2% over the year and a discount of 10.6% to NAV.
Recommended final dividend of 5.0p
Buy-and-build credit and information services business, CSH, has acquired P:Cubed, a South African marketing service provider, for just under ZAR350 million (USD30 million).
These businesses have taken this step in order to support an enhanced and more efficient credit and marketing services platform offering for their clients.
CSH, the holding company for Compuscan, ScoreSharp and Compuscan Academy is pleased to welcome P:Cubed into the Group. The acquisition is the first development of its kind by the Group since Actis, a leading emerging markets private equity firm, bought into CSH by becoming a shareholder in June 2014.
The Group
Palatine Private Equity has backed Character World, a UK-based licensed bedding specialist, in a GBP36m secondary management buyout.
The Cheadle-based company, which employs 74 UK staff and eight in China, is led by brothers Mark and Danny Schweiger. The deal sees an exit for RJD Partners who funded a management buyout with the Schweigers in 2008.
Founded in 1998, Character World works with some of the world’s leading character, gaming and music entertainment companies, providing licensed bedding and associated homeware products for a wide range of children’s age groups from preschool up to students. It acquires the UK product
The latest figures for Jersey’s finance industry reflect a particularly strong performance for the funds sector, with the value of funds business in the island reaching the highest level in five years.
The statistics highlight that the net asset value (NAV) of regulated funds increased by GBP5 billion in the third quarter of 2014, and by around 5.5% year-on-year, to reach just over GBP205 billion, the highest figure since March 2009. In addition, the total number of regulated funds rose by 21 during the quarter.
This was led by another strong performance in the alternative asset classes, with private equity
Lion Capital is to acquire PittaRosso from 21 Investimenti SGR (“21 Investimenti”), a leading mid-market European private equity group, and other minority shareholders including members of the founding family.
21 Investimenti will support Lion Capital and the management, retaining a minority stake in the business. The terms of the transaction were not disclosed.
Founded in the 1920’s by the Pittarello family and transformed into a solid family-run retail chain, PittaRosso was acquired by 21 Investimenti in 2011. Under 21 Investimenti’s ownership and the stewardship of the CEO Andrea Cipolloni and his team, the company has more than doubled its store
Nordic Capital Fund V has sold its entire holding of 7,627,620 shares in Bufa Holding (20.0%, to institutional investors. Nordic Capital no longer holds any shares in the company.
Bufab was acquired by Nordic Capital in early 2005 through a public offering for Finnveden which was listed on the Stockholm Stock Exchange at the time. Shortly thereafter, Bufab became a stand-alone company with an independent management and board of directors.
Under Nordic Capital’s ownership, Bufab established a solid platform for sourcing and sales of C-Parts by expanding its presence from 10 to 23 countries. The Company has grown strongly with
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