Managers
Elysian Capital has held a first close of its third fund, having raised 90 per cent of the fund’s target of GBP 300 million in three months, since officially launching the fund.
The final close is expected to be completed in the next couple of months from investors already well advanced in the process, according to the lower mid-market firm.
Elysian Capital’s third fund has received commitments from existing as well as new investors from Europe and the US. The Elysian team continues to invest in their own funds, having contributed GBP67 million across its three funds to date.
With
Cloud services technology firm Babble has acquired business telecoms provider Lake Technologies. The transaction, which was funded by mid-market private equity investor LDC, marks the fourth deal completed by the rapidly growing business, after it was backed by the private equity firm in 2017.Lake Technologies has provided business telephony and network services to its customers for over 26 years, who will now be able to take advantage of Babble’s ability to offer the most agile and efficient cloud-based solutions to organisations, allowing them to adapt to the changing world of work.
Babble has thrived since it was private equity
British Patient Capital, a subsidiary of the British Business Bank, has made a cornerstone commitment to Kennet’s fifth fund as it announces its EUR223 million (USD250 million) close.
Meyer Bergman, a private equity real estate investment manager, has acquired a majority interest in a large residential portfolio with assets in Frankfurt and Greater Frankfurt.The majority of the newly acquired portfolio, which consists of 800 residential and 125 commercial units spread over 60 properties, is concentrated in the centre of Frankfurt, where Meyer Bergman is looking to unlock the value of the portfolio through active asset management. This is part of the firm’s strategy of extracting and creating value in micro-markets by identifying cities, regions and sectors that have strong market fundamentals.
The transaction marks Meyer Bergman’s first
INVL Baltic Sea Growth Fund, a private equity investment fund in the Baltic region, has completed the acquisition of a controlling stake (52.81 per cent) in Eco Baltia, an environmental management group for plastic recycling and waste collection in the Baltics. The deal sees the European Bank for Reconstruction and Development (EBRD) retain their 30.51 per cent stake in Eco Baltia and Maris Simanovičs, Chairman of the Management board of SIA Eco Baltia grupa, retain a 16.68 per cent stake (via Penvi Investment Ltd). Both parties have subsequently entered into a shareholders’ agreement with the Fund.
Vytautas Plunksnis, Partner at the
Funds advised by KLAR Partners (KLAR) have completed the acquisition of Empower Group’s subsidiary Empower IM Oy, which combines the Group’s software and BPO activities for smart grids, energy market services, smart energy metering and utilities (Energy Intelligence Division or EID). The completion of the transaction took place on 30 June 2020.
The Energy Intelligence business carried out by Empower IM Oy provides mission-critical software and BPO services for smart grids, energy market functions, smart energy metering and utilities. The company combines a fast-growing Customer Information System SaaS solution and other business applications, which are vital components of the smart meter-to-cash
Cross Rental Group, a portfolio company of private equity firm Lonsdale Capital Partners (Lonsdale), has completed the acquisition of Acclimatise Limited (Acclimatise). The acquisition further cements Cross’ position as one of the largest specialist chiller, boiler, heating & air conditioning rental companies in the UK and Irish market and is a signal of Lonsdale’s commitment to continue to invest capital despite the current environment.
Lonsdale has now completed fourteen bolt-on acquisitions for its portfolio companies and eight platform investments, since closing its first institutional fund of £110 million in April 2016.
Cross, which Lonsdale acquired in December 2018, is
The Rise Fund, a global impact investing fund managed by alternative asset firm TPG, has acquired approximately 1 gigawatt (GW) of solar PV projects from Changzhou, China-based Trina Solar. The solar PV projects included in the transaction are currently operational, under construction or in late stage development nearing ready-to-build status across Spain, Chile, Colombia, and Mexico, and will serve as the first solar PV projects within the portfolio of newly created, Madrid-based Matrix Renewables. Terms of the transaction have not been disclosed.
TPG and The Rise Fund are assembling an industry-leading management team for Matrix Renewables and will leverage the
Auster Capital, an independent private equity firm with a global mandate to pursue cross-border acquisitions, has held the first close of Auster Fund I in excess of USD500 million. Support has been received from a variety of investors including sovereign wealth funds, prominent financial institutions, industrial corporations and family offices. The Fund has a target size of USD1 billion.
Auster Capital was founded by Jennifer Yu, who was previously the Chairperson of Rothschild & Co Global Advisory in Greater China for 16 years where she led the creation of successful partnerships between Chinese and international businesses, including landmark Chinese-European investments
Kirkland & Ellis has advised Starwood Capital Group on the acquisition of a 29.42 per cent stake in London-listed RDI Real Estate Investment Trust (REIT) from South African investor Redefine. The shares will be bought from Redefine for an aggregate sale consideration of GBP106.3 million, representing GBP0.95 per share.
The Kirkland team was led by corporate partners Mark Thompson and Matthew Elliott; real estate finance partner Jonathan Birks; tax partner Jonathan Kandel and antitrust and competition partner Mark Gardner.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
