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An affiliate of HIG Capital (HIG) has sold Quicken Inc (Quicken) to Aquiline Capital Partners (Aquiline).
Quicken is a leading provider of personal financial management (PF) software and services. Its personal finance software and apps allow users to track and categorise bank and card transactions, pay bills, track and manage investments, budget, and plan for retirement, among other things. The Quicken product line includes solutions that cater to different financial needs and user preferences across systems (Mac and Windows) and devices (desktop, mobile, and web), giving consumers flexible access to their finances. After a successful carve-out transaction from Intuit, Inc,
Graycliff Partners has completed an equity investment and recapitalisation of CHawk Technology International (CHawk), a manufacturer of precision plastic and metal components and assemblies for the semiconductor capital equipment, aerospace, and medical device industries.
Based in Hayward, CA and founded in 2005, CHawk provides plastic and metal machining, fabrication, clean room assembly, and engineering services. The company’s core market is semiconductor capital equipment, with a growing presence in aerospace, medical, and general industrial end markets. The company has facilities in California, Arizona, Singapore, Malaysia, and China. Graycliff’s investment in CHawk follows its July 2021 acquisition of Gold Tech Industries, a
DIF Capital Partners (DIF) through its DIF Infrastructure VI fund, is to acquire Bernhard, a privately-owned Energy-as-a-Service (EaaS) solutions company in the United States, from an affiliate of Bernhard Capital Partners.
Bernhard has provided solutions to its customers’ energy and infrastructure needs for more than 100 years and shifted its focus in 2014 to becoming a leading Energy-as-a-Service provider. As part of this business model, Bernhard enters into long-term turnkey EaaS concession contracts to upgrade, retrofit and service large existing building energy facilities in order to achieve substantial energy savings. Clients are currently predominantly higher education and healthcare institutions. To
Carlyle has appointed Ryan Selwood, former Head of Direct Private Equity at Canada Pension Plan Investment Board (CPP Investments), as Managing Director and Chief Development Officer.
In this newly created position, Selwood will be involved in a range of investment and management activities across Carlyle, working alongside many in leadership to drive major priorities including growth initiatives and corporate M&A. He also will serve on Investment Committees across all segments of the firm, including our Corporate Capital Commitments Committee. Ryan will join Carlyle on 1 January, 2022, reporting to CEO Kewsong Lee.
“We are thrilled to welcome Ryan to the
London-based conversational media platform Octaive has raised GBP500k in an angel investment round. Backed by high profile industry leaders, the funding round is the first external investment by the two year old creative technology startup, which has seen revenues more than double in the past year.
Octaive’s ‘conversational media’ technology generates ‘active attention’ through conversations between consumers and brands within standard display and video inventory. This means users are highly engaged in two-way conversations without having to click through to the brand’s site, whilst providing agencies and brands with vital consumer data and insights.
The privacy-first solution has been in
Axonic Capital, a New York-based structured credit, commercial real estate and systematic fixed income specialist with USD4.6 billion in assets under management, has appointed Vlad Kotov as a Portfolio Manager for the Axonic Systematic Arbitrage Strategy.
Kotov will report to Deniz Cicek, Head Portfolio Manager for the Systematic Strategy.
Kotov has over a decade of experience as a quantitative portfolio manager. Prior to joining Axonic, Kotov was a Macro Portfolio Manager at Balyasny Asset Management, where he managed a portfolio with a focus on quantitative relative value strategies in FX and interest rates volatility.
“We are very pleased to welcome
Riata Capital Group (RCG) (Riata), a Dallas-based private equity investment firm, has closed a GP-led secondary transaction (the Transaction) for its portfolio company AEG Vision (AEG), an owner and operator of over 235 eyecare practices throughout North America.
The Transaction allows RCG to return capital to certain existing investors while providing AEG with substantial growth capital to execute its long-term strategy. Investment funds, managed by Morgan Stanley’s secondaries group, led the Transaction.
Since RCG formed AEG in 2017 through the simultaneous acquisition of three regional eyecare groups, AEG has scaled to become one of the largest buy-and-build optometry platforms
Vista Credit Partners (VCP), a strategic credit investor and financing partner focused on the enterprise software, data and technology markets within Vista Equity Partners (Vista), has completed the final close of Vista Credit Partners Fund III (VCPF III), the latest iteration of its Flagship Credit Fund family.
VCPF III closed at USD2.3 billion, USD800 million in excess of its original USD1.5 billion target, with capital commitments from a diverse group of limited partners including US public pension funds, sovereign wealth funds, multinational corporations, insurance companies, funds of funds, endowments, foundations, family offices and other investors.
VCP seeks to capitalise
Construction Partners, a vertically integrated civil infrastructure company specialising in the construction and maintenance of roadways across five southeastern states, has acquired King Asphalt (King), a full-service hot-mix asphalt and paving company headquartered in Liberty, South Carolina.
With three hot-mix asphalt plants in the Greenville, South Carolina metro area, King provides asphalt contracting services for a variety of public, commercial and residential projects.
Fred J (Jule) Smith, III, the Company’s President and Chief Executive Officer, says: “We are pleased to welcome King Asphalt to the Construction Partners family of companies. Under the continuing leadership of Mike Crenshaw and his talented
BGF has successfully exited Yorkshire-headquartered bakery business, Cooplands.
BGF backed the 135-year-old family business with a GBP8.5 million investment in December 2017, supplemented with GBP7.7 million follow-on funding in November 2020. Working with Paul Coopland, BGF has supported the business’ succession planning, helping to identify and recruit Belinda Youngs as CEO.
Youngs joined in 2019 with more than two decades’ experience in the grocery retail sector in the UK and Canada, including senior roles at Sobeys, Morrisons and Sainsbury’s. Belinda has been supported by David Salkeld who was introduced by BGF’s Talent Network as non-executive chair in 2018. Ciara
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