Managers
One World Fitness, an owner and operator of Planet Fitness clubs in the Philadelphia metropolitan and New Jersey markets, has acquired BMC Mgmt Inc and affiliates (San Diego Fitness).
The acquisition expands the One World Fitness footprint to include the densely populated and high-growth San Diego county area. Financial terms have not been disclosed.
San Diego Fitness was founded in 2013 and now serves more than 60,000 members across seven clubs in southern California. The transaction represents One World Fitness’s first add-on acquisition since forming the platform in March 2019 in conjunction with an investment from Centre Partners, and
Aberdeen Standard Investments (ASI) and Rock Rail have closed the financing of new Hitachi intercity trains for the West Coast Partnership rail franchise.
ASI, lead equity provider, and Rock Rail, rail investor-developer and asset manager, together led the transaction of more than GBP350 million. The fleet will be financed through Rock Rail West Coast PLC and leased to West Coast Partnership, a joint venture between First Group and Trenitalia. First-Trenitalia will take over the franchise from 8 December 2019, operating intercity services as Avanti West Coast.
As with ASI and Rock Rail’s previous new UK rolling stock deals, senior debt
Kaiser Permanente Ventures (KPV) thas closed its fifth investment fund at USD141 million, bringing the total assets under management to more than USD500 million.
This latest fund includes financial commitments from Kaiser Permanente and a diverse group of new and returning external strategic investors including Tufts Health Plan, Henry Ford Health System, and Highmark Ventures, a subsidiary of Highmark Health.
KPV Fund V will continue KPV’s focus on supporting the growth of innovative companies that are addressing some of the most important unmet needs in the health care system.
“We are in the midst of a tremendous opportunity as the
The 2020 outlook for the global asset management sector is stable, reflecting high profit margins, manageable debt burdens, and sustained risk appetite among investors, Moody’s Investors Service says in its annual outlook.
The outlook is supported by a number of factors including low expectations for a recession in 2020, continued rationalisation of middle and back office functions which will help preserve profitability, and expectations for bolt-on (as opposed to transformational) M&A activity.
“Although under pressure from fee compression, passive product substitution, and low organic asset growth, profit margins remain high for traditional asset managers, which is a source of credit
Jaguar Land Rover’s venture capital arm InMotion Ventures has invested in Apex.AI. a software start-up with offices in Palo Alto, California, and Munich, Germany, which is preparing to launch its flagship product – Apex.OS – to the automotive sector in early 2020.
InMotion joins Volvo Group Venture Capital and HELLA Ventures as one of Apex.AI’s most recent strategic investors. Existing investors include Lightspeed Venture Partners, Canaan Partners, Toyota AI Ventures and Airbus Ventures.
Apex.AI was founded in June 2017 to build a safe and certified version of ROS (Robot Operating System), which is currently the de-facto standard in robotics and
Sun Capital Partners’ affiliated portfolio company StonePoint Materials (StonePoint) has completed the acquisition of Road Builders, one of Kentucky’s oldest materials and paving construction operations. Terms of the private transaction have not been disclosed.
Founded in 1948, Road Builders is operated by third and fourth generation family owners. Road Builders will complement StonePoint’s Clarksville, Tennessee-based subsidiaries, Winn Materials and McIntosh Construction.
“The acquisition of Road Builders continues to demonstrate our thesis of investing in founder-owned companies with strong market share that want to partner with one of the leading independent aggregate producers in North America,” adds Aaron Wolfe, Managing
Private equity firm Thompson Street Capital Partners’ (TSCP) portfolio company Marmic Fire & Safety Co (Marmic) has acquired Charlotte, North Carolina-based Fire Control Systems of Charlotte (FCS), a provider of commercial fire protection services.
Terms of the transaction have not been disclosed.
This is the fifth add-on acquisition completed by Marmic since partnering with TSCP in August 2018.
FCS specialises in testing, inspections, service, and sales of portable fire extinguishers, alarm systems, restaurant fire suppression systems, and exit and emergency lighting fixtures. FCS services thousands of locations across the eastern half of the United States.
According to Michael
Visible Capital, a new Scottish fintech company founded by three Scottish tech veterans has secured GBP500,000 seed funding from TechStart Ventures and a group of eight private investors.
Preston Rabl, co-founder of the advertising and public relations giant WPP plc will join the board, whilst Ian Steel, former senior partner of Deloitte in Scotland and Northern Ireland; and Iain Mackay, an experienced director and NXD are joining the Advisory Board.
Launching in early 2020, Edinburgh-based Visible Capital, led by Richard Braidwood, Ross Laurie and Christian Burgin, has developed technology that will help clients of intermediaries, such as wealth managers,
BlackRock Real Assets has achieved a USD1 billion first close for its Global Renewable Power III fund (GRP III,) with commitments from over 35 institutional investors in North America, Europe and Asia.
The record first close reflects strong investor demand for renewable power assets that can generate attractive risk adjusted returns with low correlation to the economic cycle, and that align with their long-term sustainability goals.
GRP III is the third vintage of BlackRock’s global renewable power fund series. The Fund seeks to invest across the spectrum of climate infrastructure assets, with a focus on renewable power generation, and
Amundi Private Equity Funds (Amundi PEF) has launched the second-generation of its investment program targeting European SMEs benefiting from disruptive global trends.
This follows the success of the first-generation launched at the end of 2016 and closed in early 2019 after raising a total of EUR320 million, above the original target size of EUR250 million. The first-generation program has realszed 18 transactions so far with circa 75 per cent of the capital called (as of 31 October 2019), including deals such as DL Software, Crosscall, WiFirst.
The investment strategy allows investors’ exposure to small and medium-sized private companies (SMEs)
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
