Managers
WaterBridge Holdings (WaterBridge) has raised USD345 million of equity capital through the issuance of USD195 million of common equity to: funds affiliated with Five Point Energy LLC; an affiliate of GIC; and WaterBridge management, as well as USD150 million of preferred equity to Magnetar Capital, an alternative asset manager.
Proceeds will be used to fund acquisitions of produced water infrastructure from Primexx Energy Partners, Tall City Exploration III and Jetta Permian, as well as organic growth projects in the Southern Delaware Basin. In addition, WaterBridge has the ability to issue, and Magnetar Capital has the right to acquire, an additional USD100 million
UK private equity house Maven Capital Partners (Maven), has made a profitable exit from Prime Document Limited (Prime) following the sale of the business to Belgium-based Unifiedpost Group SA, generating a 2.6x return.
Maven’s Investor Partner network originally backed the management buy-in (MBI) of Prime, a financial document management services provider, in May 2016. Prime specialises in the production and distribution of business-critical documents, such as invoices, pay slips, pension and tax statements, which are required to comply with industry regulations or legislative requirements. Customers include a wide range of large and mid-market companies, local government bodies and NGOs, operating
LDC has agreed to sell its significant stake in the high-performance loudspeaker business Martin Audio to Focusrite, the global music and audio products company, in a GBP39.2million sale.
The transaction follows a period of significant growth for Martin Audio and provides a money multiple return of 2.6x for LDC.
Martin Audio was founded in 1971 by legendary Australian sound engineer Dave Martin who started out producing touring systems for international super groups including Pink Floyd, The Who and Supertramp. It designs, manufactures and distributes premium professional sound systems across the globe, providing the audio equipment for one in five festivals worldwide.
Limerston Capital backed Prism Medical Healthcare (Prism Medical) has completed the acquisition of Harvest Healthcare Ltd (Harvest) for an undisclosed sum.
Prism Medical supports customers in a range of care environments, such as homes, care homes and hospitals, and provides a full-service that includes the design, installation and servicing of its equipment across the homecare, long-term and acute care markets. The group operates from eight UK locations, employs circa 450 highly skilled staff delivering a portfolio of 180 products.
South Yorkshire based Harvest offer a comprehensive range of pressure care equipment from profiling beds, static and active mattresses and cushions
Mid-market private equity firm LDC has made a significant investment in Leeds-based Global Autocare (Global) to support its ambitious organic growth strategy.
The transaction will see LDC take a significant minority stake in the business, backing the existing management team.
Global is an independent corporate mobility and fleet management provider with an impressive track record for growth and a loyal customer base. The business has consistently delivered organic growth by over 20 percent year-on-year since 2010.
LDC’s support and investment will help the business to accelerate its national growth plans, building on its strong relationships with some of
genesis, an international capital markets software firm has held the closing of its second capital raise, securing USD1.8 million of investment in a round that was led by Illuminate Financial Management, a UK-based capital markets venture capital firm and Tribeca Early Stage Partners, a New York venture group.
genesis has now raised USD5 million since its first external capital injection in November 2018.
The new funding will be invested in further development of genesis platform’s core technology, sales and marketing to cement genesis’ position as the ‘low-code’ platform for capital markets software development.
Across the entire capital markets industry, firms
Blackfinch Group has launched the Blackfinch Spring VCT, an investment portfolio of technology and technology-enabled companies, which have already raised funding, gained traction and are seeking to accelerate the scale-up process.
The Spring VCT will also be a natural follow-on funder for the Blackfinch Ventures EIS Portfolios, which invests in technology-focused companies on the cusp of their growth journey.
Blackfinch Group’s existing businesses, including Blackfinch Ventures and Blackfinch Investments, have been focused on investing through these current EIS portfolios, as well as other tax-efficient solutions including the Adapt IHT and AIM portfolios. The Blackfinch Ventures EIS Portfolios have this year
Värde Partners, a global alternative investment firm, has raised its 13th flagship vehicle, Värde Fund XIII, with USD2.47 billion in commitments.
The Fund exceeded its USD2 billion target and will have the flexibility to invest in a range of credit and credit-related assets globally across liquid traded credit, special situations, real estate and financial services.
“Over the past 26 years we have built a global platform with the agility to seek attractive risk-adjusted value in opportunistic credit and asset markets,” says George Hicks, Co-Founder and Chief Executive Officer. “In this fund, we utilise our deep experience through many market
The Standards Board for Alternative Investments (SBAI) has published a memo on co-investments which was developed by the Standards Board’s Governance Working Group.
The Standards Board is the global standard-setting body for the alternative investment industry, providing a collaborative platform for institutional investors and alternative investment managers to standardise and improve industry practices and streamline investor due diligence. It is supported by over 200 alternative investment managers and institutional investors who collectively manage USD4.5 trillion.
Co-investments have become increasingly popular in alternative funds, not just in Private Equity and Real Estate, but also in other liquid and illiquid alternative investment
SSE Renewables is to expand its onshore wind pipeline through the acquisition of a 29-turbine, shovel-ready consented wind farm development in Ireland with an installed capacity in excess of 100MW, subject to final turbine selection. SSE Renewables has acquired the Yellow River Wind Farm project outside Rhode in County Offaly from Green Wind Energy (Wexford) Ltd. The project was granted full planning consent in 2014.
On-site pre-construction works have already commenced, and SSE Renewables expects to begin full construction of the wind farm in late 2020 with an expected project completion date in 2022. The project is expected to support up
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
