Managers
SunTrust Banks is to sell the company's asset management subsidiary, RidgeWorth Capital Management, to RidgeWorth employees and an investor group led by a private equity fund managed by Lightyear Capital.
"Lightyear Capital is an experienced partner that will help RidgeWorth build on its success in growing third-party assets, and we look forward to continuing our relationship with RidgeWorth as an independent asset management business," says Mark A Chancy, wholesale banking executive at SunTrust.
SunTrust will continue to offer a wide variety of asset management solutions to help its institutional and individual clients with their investment needs.
The sale
Ardian has acquired Bank of America Merrill Lynch's interest as financial sponsor of F2i, a specialist in strategic infrastructure investments in Italy.
The deal, which bolsters Ardian’s collaboration with F2i, was closed yesterday in Milan.
Ardian (formerly AXA Private Equity), through its secondary fund expertise, has acquired units in the F2i Fund (First Fund) with a total commitment of EUR150m. As part of the transaction, Ardian will also acquire 9.9 per cent of the F2i SGR’s share capital, becoming a sponsor for F2i. Ardian will also hold a seat on F2i’s board.
The deal furthers F2i’s investment in
Actis, the pan-emerging markets investor, is to sell its majority shareholding investment in Sterling Hospital, a healthcare provider in Gujarat.
Actis invested in the Indian healthcare chain in 2006. Its goal was to build a high quality regional business providing sophisticated medical services including oncology, neurosurgery and transplant surgery to patients across Gujarat.
Actis is now selling its 82 per cent shareholding to Addlife Investments, a company promoted by Girish Patel, the current chairman of Sterling. Patel will remain as the chairman and continue to build the business and growing its operations in Gujarat and beyond.
Over the period
CVC Capital Partners, through certain of its funds as shareholders of Post Invest Europe, has sold 39,328,287 shares in the Belgian postal group bpost.
The sale represents approximately 19.7 per cent of bpost’s outstanding share capital and substantially all of the holding of the Post Invest Europe in bpost.
The sale was conducted by way of an accelerated bookbuilding. The placing price for investors was EUR14.75 per share. Nomura International and UBS acted as joint bookrunners on the sale. KBC Securities acted as lead manager.
The temporary suspension of the shares of bpost will be lifted.
Morgenthaler Private Equity (MPE) has sold Avtron Aerospace to CapitalWorks, a Midwestern and family-focused private equity firm based in Cleveland, Ohio.
Avtron Aerospace is a designer and manufacturer of electrical, electronic, and hydraulic aircraft component test solutions for the global commercial and military aerospace markets.
The company's products and solutions serve blue chip customers across the entire aerospace supply chain including aircraft manufacturers, aircraft component OEMs, commercial airlines, independent MRO providers, and foreign and US military forces.
Terms of the transaction have not been disclosed.
John Pesec, president and CEO of Avtron Aerospace, says: "I personally want
The wealth advisory business of asset management firm Salient Partners has acquired Houston-based Teton Strategic Investments, to offer selective private equity opportunities to high-net-worth clients.
The acquisition enhances the process around Salient's systematic evaluation and due diligence of PE offerings, and enables the firm to use its existing pipeline to secure new options that fit the needs of its clients.
In addition to vetting the deals for quality, Teton will bring new scale to Salient, granting access to deals that were previously inaccessible to many clients who lacked the millions of dollars required to participate. Now, Salient can pool
Investec Growth & Acquisition Finance has provided a financing facility to support the management buyout of City & County Healthcare Group (C&C), the UK’s fourth largest home care provider.
The facility has been provided to Graphite Capital, a UK mid-market private equity specialist, to underwrite its backing of the MBO from Sovereign Capital Partners.
Investec fully underwrote the finance package pre deal, providing security of funding for Graphite. The Investec team then successfully syndicated two thirds of the financing to HSBC and Lloyds (a third each) highlighting the strength of the credit.
The facility is made up of
Appleby acted as Isle of Man counsel, alongside Dickson Minto in London, to private equity firm Vitruvian Partners in its funding of the management-led buyout of Royal London 360° (RL360°) and its subsidiaries for an undisclosed sum from parent Royal London Group (RLG).
RLG says the transfer of ownership will enable RL360° to achieve its vision through a further acceleration of the growth that RL360° has experienced in recent years.
The RL360° executive management team, led by chief executive David Kneeshaw, will remain unchanged. Following completion, the company will be re-branded RL360°.
The Isle of Man aspects of
SFW Capital Partners has completed its recapitalisation of MD Buyline, a provider of supply chain management solutions for hospitals and healthcare systems.
The proceeds of the recapitalisation were used to fund a significant cash distribution to stockholders.
Following the recapitalisation, MD Buyline remains conservatively capitalised and has the continued support of SFW, its majority shareholder, to actively pursue further strategic growth initiatives.
SFW acquired MD Buyline from its original founders through a newly formed affiliate in early 2011.
“MD Buyline has experienced excellent growth by providing an expanding line of critical strategic information and analytics to health
Mansa Capital Management has raised an additional USD15m for what will be its debut healthcare private equity fund, bringing total commitments to roughly USD50m.
With strong relationships in healthcare, private equity and banking, the firm is investing in healthcare information technology (HCIT) and services companies that help to contain healthcare costs and improve clinical outcomes.
Mansa is particularly interested in companies that can meet the increased demand from Hispanic and urban populations in the post-reform landscape.
“Raised from state pensions through emerging manager initiatives as well as high net worth individuals and family offices, participants in this latest
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
