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Adapting to change is challenging at the best of times, but when the pace of change accelerates, it can disorient even the savviest investors. Long accustomed to gauging opportunities in the context of cycles, real estate investors now face a series of bewildering structural changes that will fundamentally transform how they operate in the future.
- 09/06/2020
FPE Capital’s portfolio company TNP, a UK Microsoft Dynamics NAV and Business Central service provider, has acquired UK NAV focused assets from the administration of K3 Business Technology Groups’ Microsoft Dynamics business unit.
- 08/06/2020
Acacia Research Corporation, a publicly-traded investor in absolute return assets, has entered into an agreement with Link Fund Solutions Limited (LFS) to purchase shares in up to 19 public and private life sciences companies from LF Equity Income Fund (the “Fund”) for a total consideration of up to GBP223.9 million. The acquisition of the private companies is subject to the waiver or completion of customary pre-emption processes of such companies.
Clifford Press, Chief Executive Officer, says: “This transaction is representative of the exceptional capabilities of Acacia’s transactional team with the financial and structuring support of our strategic partnership with Starboard Value
- 08/06/2020
Last year’s surge in private-equity backed public-to-private (P2P) takeovers looks set to accelerate after lockdown, according to a new report from Addleshaw Goddard. Research by the corporate law firm suggests the effects of coronavirus will exacerbate the reasons behind the recent increase in P2Ps – leading to even more in the second half of 2020
To P2P or not P2P: Private Equity and Public Takeovers in the Aftermath of Covid-19, released today, has been compiled from a survey of leading mid-market UK private equity firms and their corporate finance advisers. It looks at the reasons for the 2019 resurgence in take-private
- 08/06/2020
Private equity General Partners should be as transparent and communicative as possible on the potential impact of Covid-19 on their portfolios, highlighting their ability to protect capital and add value through sustained economic turmoil, according to a new investor survey by Cebile Capital. The report reveals that delays in fundraising are very common (80 per cent of LPs have experienced them), so GPs need to listen to the needs of their investors and not be afraid to delay raising a new fund.
In addition, deployment pace has slowed, due to a more selective approach to new allocations and increased scrutiny in
- 08/06/2020
Petra Capital Partners, based in Nashville, has completed fundraising on Petra Growth Fund IV (PGF IV) with USD208 million of capital available to invest. The fund targets healthcare, business, and technology-enabled services companies and is structured as a small business investment company (SBIC) licensed by the US Small Business Administration.
“We are very pleased with the response from our existing investors and several important new investors for PGF IV and the strong support we received from the SBIC program,” says Mike Blackburn, Managing Partner at Petra.
The fund has already closed on two new investments. In late 2019, the fund
- 08/06/2020
Growth equity firm Edison Partners has sold portfolio company Zagster, a shared micromobility and fleet operations management company, to Superpedestrian, a Boston-based mobility engineering and technology company founded by urban transport experts from MIT.
Edison Partners also announced leading a new USD15 million investment in Superpedestrian, joined by existing investors Spark Capital and General Catalyst. The new growth capital adds to the USD20 million in financing announced by Superpedestrian in November 2019 to support the rollout of its scooter fleet.
“The combination of Superpedestrian with Zagster creates the first fully integrated micromobility company. One that includes product, manufacturing
- 05/06/2020
Foresight Group’s Foresight Global Real Infrastructure Fund (GRIF) has surpassed its target performance of UK CPI +3 per cent over 12 months, with a total return 18.51 per cent.
The Fund has provided a yield of 4.12 per cent over 12 months exhibiting significantly lower volatility levels than higher risk asset classes such as high-yield debt.
The Fund has consistently outperformed the Global Equities and Infrastructure indices as well as other Global Listed Infrastructure Funds, with the FTSE All World Index returning 7.13 per cent over the same period, whilst Year to Date, in the most challenging of market
- 05/06/2020
UK-based private equity manager Maven Capital Partners (Maven) has invested an undisclosed amount in Zing Dev Limited (Zing), a technology services business.Zing is a specialist implementation partner for Twilio, a market-leading cloud communication platform. As one of a small number of accredited implementation partners across Europe, the Middle East and Africa, Zing offers consultancy and managed services for Twilio’s fully programmable cloud-based contact centre software.
Zing builds and implements contact centre solutions, helping clients to improve customer communication and engagement, but also to enable more flexible working and increased efficiency. It is on a mission to put contact centres at
- 05/06/2020
- 05/06/2020
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