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HIG Capital has closed of HIG Capital Partners VI with aggregate capital commitments of USD1.3 billion, well exceeding its target. The Fund will continue the strategy of HIG’s five predecessor lower middle-market funds, by making private equity investments in lower middle market companies, primarily in North America. Sami Mnaymneh and Tony Tamer, HIG Co-Founders and Co-CEOs, say: “We are grateful for the continued support from our longstanding investors, reflecting the strong performance and differentiated investment approach of our lower middle market strategy throughout the course of HIG’s 27-year history.” Doug Berman, Head of HIG US Private Equity, adds: “The current economic
Cavendish Corporate Finance, the UK’s leading mid-market M&A firm and part of the finnCap Group, today announces that it has appointed highly experienced M&A specialist Karri Vuori as a Partner.  Over his career to date, Vuori has developed particular expertise in working alongside ECM colleagues to offer clients a seamless service covering M&A, IPO and debt advisory including dual track processes. Prior to joining Cavendish, Vuori was Head of M&A at investment bank Liberum Capital where he founded Liberum’s integrated M&A and sponsor coverage practice. Before this, Vuori was Head of M&A at Panmure Gordon & Co, developing a fully integrated
Mirabaud Asset Management’s private equity vehicle, Mirabaud Patrimoine Vivant fund, has acquired a stake in the Alain Ducasse Group – which has shone as a beacon of excellence in French culinary prowess and art de vivre for more than 30 years.Michelin-starred chef, Alain Ducasse, founder and CEO of the group, was one of the first in the industry to make naturalness the key ingredient in nourishing French cuisine. His move to bring in new shareholders is aimed at steering his group toward manufacturing and distribution. The continued momentum of the Alain Ducasse La Manufacture de Chocolat and La Manufacture de
DealCloud, provider of a single-source deal, relationship, and firm management solution for capital markets firms, has expanded its Nordic business with the addition of 10 new clients in the region including Argentum Asset Management, GRO Capital, FIH Partners, FSN Capital, Intera Partners, Nordea Asset Management, and Summa Equity.“GRO Capital has selected DealCloud as the best system to support digitalisation of our operations,” says Lars Dybkjær, Managing Partner at GRO Capital. “We are very pleased with both the implementation process as well as the strong functionality of the system and it is clear that DealCloud has deep PE sector expertise.” “DealCloud
New research reveals that optimism in the UK investment environment is holding up well, and is higher than this time last year, despite the uncertainties of Covid and Brexit, according to the annual Investment 360 Index conducted by management consultancy CIL. The research found that business leaders and investors have shifted towards a significantly more negative short-term economic outlook year-on-year, with a net negative of 70 per cent, down from a net negative of 58 per cent in 2019. It’s clear that the economic hit caused by Covid-19 combined with ongoing Brexit uncertainty weighs heavily on the minds of investors and
Sarasin & Partners, a global thematic investment manager which invests responsibly on behalf of charities, private clients and institutions, has seen its assets under management (AuM) rise by 5.4 per cent (from GBP14.7 billion at the end of 2019 to GBP15.5 billion as at 9 September, 2020) over the course of a highly volatile 2020. This follows a period of significant growth for the Sarasin Group in the prior year, when a GBP338 million net investment inflow, coupled with strong market performance, which helped grow Sarasin & Partners’ AuM by 19 per cent over the course of 2019. Managing partner Guy
Seaford Finance, a real estate debt consultant, has appointed Jon Warman as managing director of loan origination and execution. Warman joins the partnership with a focus on accelerating the growth of the business in the UK and Europe.With more than 12 years’ experience in the real estate sector, Warman joins Seaford Finance from Spring11, where he spent five years as co-head of the European real estate advisory business. Prior to this, he was a director in LNR Europe’s investment management and NPL advisory division, where he was responsible for underwriting more than GBP70 billion of NPL transactions. During his career,
Backstop Solutions Group has launched Capital-Raising Dashboards, the newest add-on module within its suite of products for alternative asset managers.
Fibre optic and cabling technology specialist Lumenisity Limited has closed a GBP7.5 million funding round from a consortium of investors, including a GBP5 million investment from BGF, and GBP2.5 million from Parkwalk, an investor in UK university spinouts.The company’s existing industrial strategic investors have also supplied significant additional funding. Lumenisity develops and manufactures advanced cable solutions to address the need for high speed transactions and bandwidth increases in high capacity communications systems. Hollowcore fibres, where light propagates in an air containing core formed by microscopic capillaries, are long recognised as the next stage of advancement in fibre optic cable technology.
Presteigne Broadcast Hire (PBH), supplier to the TV studio and worldwide live broadcast market, has secured a GBP3 million working capital and refinance package from ThinCats, an alternative lender to mid-sized SMEs.PBH was founded in 1991 and bought by management with backing from funds managed by NVM Private Equity in 2016. It operates from bases near Gatwick Airport and in Warrington, providing a range of technical production solutions from dry hire supply to the full turn-key provision of portable production units with engineers for many prestigious events including the Boat Race, European Football Championships, FIFA World Cup and Rugby World

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