Managers
American Securities has partnered with management and acquired FleetPride, a distributor of aftermarket parts for the US heavy-duty truck industry. Financial terms of the transaction have not been disclosed.
Based in Irving, Texas, FleetPride is the largest independent heavy-duty aftermarket parts distributor in the US. The Company acts as a critical link between 2,150 suppliers and 100,000 customers who are served through a national network of over 270 branch locations. FleetPride carries the industry’s broadest selection of aftermarket truck parts, offering over 145,000 SKUs across 490 brands, including its own private label offering.
Al Dragone, President and CEO of FleetPride, says:
Parklands Group, an independent care home provider in the north of Scotland, has received a GBP5m investment from BGF to further accelerate its growth.
Set up in 1993 in Buckie by Ron Taylor, Parklands provides high-quality residential care for older people at eight care homes across Moray and the Highlands, the most recent being its newly opened state-of-the-art Lynemore home in Grantown on Spey. Parklands was one of the first nursing care providers in Scotland to achieve Investors in People status and the group has won a series of awards for the quality of its care and its commitment to
Adams Street Partners, a private markets investment management firm with more than USD35 billion of assets under management, has closed the Adams Street 2018 Global Fund with USD824 million in capital commitments, exceeding its target of USD800 million.
The fund received strong demand from investors worldwide, with commitments from both new and existing investors in the United States, Europe, and Asia. The diverse array of investors included public and corporate pension plans, high net worth individuals, foundations, and endowments.
Adams Street has offered its global program since 1996, providing clients access to a comprehensive private markets portfolio with multiple
Greencoat UK Wind (UKW) is to acquire the Douglas West wind farm from Blue Energy. Completion under the Sale and Purchase Agreement is expected to take place in Q1 2019, subject to the finalisation of construction, operation and maintenance contracts.
Douglas West is located 7 miles south west of Lanark, Scotland and will have a total capacity of 45MW, and will be subsidy free. Construction is expected to start in 2019, with commencement of commercial operations targeted for July 2021. Owner’s engineer and construction management services will be provided by Natural Power and Blue Energy. All construction contracts will be
Price f(x), a specialist in cloud pricing software, has raised EUR25 million in a Series B funding round led by Digital+ Partners, a European B2B technology growth investor, and management consulting firm Bain & Company.
Series A investors, Prague-based Credo Ventures and London-based Talis Capital, also participated in the round.
Established in 2011 in Munich, Price f(x) provides a modular SaaS solution for Price Optimization, Management (PO&M) and Configure-Price-Quote (CPQ) for enterprises of any size, based on the latest in native cloud architecture. The company currently serves over 80 global, blue-chip B2B and B2C customers across a variety of
Funds advised by Equistone Partners Europe (Equistone) have agreed the sale of a majority stake in OTTO Luft- und Klimatechnik GmbH & Co (OTTO) to Engie Deutschland (Engie), a specialist in technical building services, facilities management, industrial refrigeration technology and energy services in Germany.
OTTO, a leading specialist provider of ventilation and air-conditioning solutions, cooling technology and building automation, was acquired in May 2014 by Equistone. The financial terms of the transaction are undisclosed and completion of the sale remains subject to the approval of the relevant competition authorities.
OTTO was founded in 1967 and has established itself as
Pamplona Capital Management (Pamplona) has acquired a controlling interest in Latham Pool Products (Latham) from Wynnchurch Capital (Wynnchurch), which will remain a significant investor in the Company. The deal values Latham at USD375 million.
Headquartered in Latham, New York, Latham is a manufacturer of pool components and accessories. The company’s branded product offering includes glass-fibre pools, automatic safety covers, in-ground vinyl pool liners, polymer and steel pool wall systems, and other related accessories. The Company has over 20 manufacturing facilities and distribution centres across the US and Canada.
Russell Gehrett, Partner at Pamplona said, “We are excited to work
LeapFrog Investments has made a USD12 million investment in Softlogic Life Insurance, purchasing the shares of FMO, the Dutch development Bank.
The company is one of Sri Lanka’s fastest growing life insurers, providing locals with individual life and health, group life, and other policies. The main shareholders of the Company are now Softlogic Capital, DEG and LeapFrog Investments.
“The team, products and high growth of Softlogic Life make for an outstanding company. We are thrilled to see them join the LeapFrog portfolio,” says Dr Andrew Kuper, Founder and CEO of LeapFrog Investments. “This investment reveals our positive view of
Through the first six months of 2017, five private equity megafunds with USD5 billion or more in AUM did a final close, accumulating USD68 billion according to Pitchbook. Looking at the year in full, a report by McKinsey & Co found that of the USD750 billion in private market assets raised, US megafund buyouts accounted for 15 per cent; up from 7 per cent the previous year.
Overall, total assets raised by megafund buyouts rose 93 per cent to USD173.7 billion compared to middle-market buyouts, which attracted USD31.8 billion; up 7 per cent on the previous year.
These megafunds, operated by
Through June 2018, the total amount of dry powder within global private equity stood at USD1.09 trillion; a vast sum, up from USD1.03 trillion at the end of 2017 according to Preqin.
This makes for compelling headlines and has fuelled interest in private equity, to the extent that it has become arguably the most important alternative investment asset class. But in some ways, this volume of dry powder has become a double-edged sword; great news for managers launching new funds, but how to put this capital to work effectively?
Pierre Vinci (pictured) is Head of Origination, Asset Based Finance, ABN
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