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FSN Capital Partners (FSN) has held the final closing of FSN Capital VI (Fund VI) at EUR1.8 billion. The fund was oversubscribed and closed above its original hard cap.
With the new fund, FSN has grown significantly since FSN Capital V closed in 2016 at SEK9.62 billion (EUR985 million). Fund VI will continue FSN’s proven investment strategy of targeting control buyout investments of mid-sized companies operating in Northern Europe.
Fund VI builds upon FSN’s strong and supportive existing investor base whilst also attracting a substantial number of new investors from around the globe. Despite the challenging backdrop of an unprecedented
Affordable Water Heaters and Plumbing (AWHAP), a portfolio company of private equity firm Dubin Clark, has completed the acquisition of Temperature Control, Inc. Financial terms of the transaction have not been disclosed.
AWHAP, headquartered in Valencia, California, is a leading in-home provider of water heater and plumbing services, including same-day water heater replacement, repair and installation of gas and electric water heaters, installation of tankless water heaters, and ancillary water heater and plumbing services. AWHAP has established a reputation for expertise, workmanship, and honesty in the water heater installation industry that sets them apart in the market. Dubin Clark initially
BGF has exited its investment in Cennox – a provider of services to the ATM sector. The business has been acquired by US-based investment firm, York Capital.
BGF first invested GBP3 million in Cennox in June 2012 and subsequently put in three follow-on rounds into the business, taking total investment to GBP17 million.
Founded in 2006, Cennox provides integrated services and solutions to the financial services, commercial, retail, and transportation industries. Cennox is a leading independent, multi-vendor service provider to cash automation machines and self-checkout kiosks. The Company’s global operations span 1,500 employees that cover the United States, United
TA Associates, a global growth private equity firm, has made a significant minority investment in global financial services provider Apex Group Ltd (Apex).
Apex is majority-owned by Genstar Capital, a private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials, and software industries. The investment reinforces Apex’s strength as a leading financial services provider to investors, financial institutions and corporates.
Founded in Bermuda in 2003 by CEO Peter Hughes, Apex Group is a global financial services provider to asset managers, financial institutions, family offices and corporates. Apex has continually improved and evolved its capabilities
PEWIN (Private Equity Women Investor Network) has appointed Kirsty McGuire, former General Counsel of the StepStone Group, as its first Executive Director.
McGuire will complement PEWIN’s existing leadership team, which includes Kelly Williams (Chair), Kate Mitchell (Vice Chair), Krista Hatcher and Dana Johns (Co-Chief Executive Officers), Jill Kitazaki and Joanne Yoo (Co-Presidents), Iris Zhao-Fiorello (Secretary), and Sarah Corr (Treasurer).
“Kirsty has a long history of demonstrating her passion for PEWIN’s mission to increase the profile of women in private equity, including active engagement with PEWIN’s recent sponsorship campaign,” says Kelly Williams, Founding Chair, PEWIN. “This is a major milestone for
Panoramic Growth Equity (Panoramic), an equity investor in fast growing, entrepreneurial UK companies, has invested GBP2.5 million of growth capital into alcohol-free brewing company Big Drop Brewing.
Big Drop was launched in 2016 by entrepreneurs Rob Fink and James Kindred, two friends who wanted to create alcohol-free craft beer that didn’t compromise on taste. Big Drop’s beers have won top prizes in beer awards across the globe – including ‘World’s Best’ at the World Beer Awards – beating full-strength rivals in blind-tastings. Big Drop currently brews in Australia, Canada, USA and the UK, and is available in more than 20
LGB & Co has completed a financing package for Rivers Leasing, with funding provided by Conister Bank across a range of facilities to support the growth of the company’s lending activities along with the launch of a new block discounting product.
Rivers Leasing is an SME-focused alternative finance lender business based in London. The business was established in 2010 and provides small-ticket leases and business loans to UK SMEs operating in a variety of sectors. It has grown into an award-winning industry player and in 2020 was recognised by the Financial Times for the fourth year running as one of
Intriva Capital (Intriva) has made a new senior addition to its asset management team with the appointment of Kawai Chung. Chung adds depth to Intriva’s expertise in the capital markets and financial services sectors.
Chung joins as Managing Director within the Asset Management team, and will be responsible for managing Intriva’s regulated financial services investments and providing oversight and advice on debt and capital market funding solutions. Kawai has more than 17 years’ experience in capital markets and joins from ARA Venn, where he was Head of Capital Markets and Structuring. Prior to this, he spent 11 years at RBS
Maven Capital Partners (Maven), one of the UK’s most active investors in growth businesses, has invested GBP2 million in London-based Guru Systems (Guru).
Guru is a trusted supplier of B2B IoT hardware, software, and analytics solutions to energy companies, house builders, developers and housing associations looking to reduce their carbon footprint and operating costs, meet their regulatory obligations, and deliver the most efficient and cost-effective service to their own customers.
This is Maven’s sixth VCT-funded transaction of 2021 and will support Guru’s investment in sales and marketing resource, as well as the development and roll-out of new software and hardware
Clearlake Capital Group is to acquire Confluence Technologies (Confluence), a global software and data solutions provider helping the investment management industry solve complex data challenges, from TA Associates (TA).
Upon closing of the transaction, Clearlake will become the majority shareholder while TA will retain a minority equity stake. Mark Evans, CEO of Confluence, will continue to lead the Company supported by the existing management team.
Confluence works with the world’s leading asset managers and service providers to automate business processes across the front, middle and back office. The Company’s investments in the latest technology and expertise allow it
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