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The alternative fund management industry is witnessing a huge rise in the volume and diversity of data being ingested, as technology innovation facilitates firms in their research and portfolio construction activities; not to mention using advanced analytical tools to improve the quality of fund reporting.
Three Hills Capital Partners has completed a EUR67 million investment round to partially finance the acquisition of Agfa-Gevaert’s healthcare software business by Dedalus Holding.
Because of THCP’s financial support, the founder and chairman of Dedalus, Giorgio Moretti, will retain 25 per cent in Dedalus Holding.
“This closing represents a key milestone in Dedalus’ growth trajectory to become one of the global leaders in the healthcare sector which is, more than ever today, a key pillar of our society,” said THCP founder and managing partner Mauro Moretti. “Having been selected again by Giorgio as his partners of choice, just as we were
INDOS Financial’s ‘assets under depositary’ in closed-ended private equity, real estate, infrastructure and debt funds now exceed USD10 billion. The new total, spread across 30 clients, splits to USD5.4 billion (private equity), USD3.2 billion (real estate), USD1.4 billion (infrastructure/debt).
Overall INDOS Financials assets exceed USD35 billion from 75 clients represented by some 145 funds.
“INDOS Financial is the only independent depositary in the alternatives space with the experience to service both hedge funds and other alternatives (including private equity, real estate, infrastructure and debt funds),” says Bill Prew, INDOS founder and CEO. “Having initially concentrated on the open-ended hedge fund sector
Intertrust, a provider of tech-enabled corporate and fund solutions, has appointed Derek Ramage as Head of Fund Operations. He will be based in Luxembourg.In his new role at Intertrust, Ramage will have responsibility for shaping and delivering client service excellence and continuing to expand the company’s Luxembourg-based private capital fund business. He will also have responsibility for the day to day running of fund operations, including fund accounting, onboarding, AML/KYC and transfer agency.
Ramge joins Intertrust from International Financial Data Services, where he served as Head of Change Management and IT Governance. He has held various senior positions in the fund industry during his career including as Global
Ambienta, Europe’s largest sustainability-focused private equity investor, has acquired Create Flavours, a UK producer of natural top-notes flavours for the food and beverage sector.The acquisition of Create Flavours further solidifies the position of Ambienta platform Nactarome Group (Nactarome) as a leading independent player in the European natural flavours and ingredients sector, with revenues in excess of €110m, and a diversified customer base of over 4,200 clients served through ten specialised plants across Europe. Nactarome represents a unique, strategic asset with a complete product offering across natural flavours, colours and ingredients addressing an array of end-markets and applications.
The food industry
Arma Partners has acted as exclusive financial advisor to Corilus, a portfolio company of AAC Capital, on its sale to Gilde Buy Out Partners. Corilus enables a smart and efficient healthcare system by connecting care providers, patients and stakeholders. Its cloud-based connected care solutions are used by over 40,000 care providers including general practitioners, dentists, physiotherapists, pharmacies, nurses, elderly care homes and hospitals. Corilus delivers mission-critical software solutions that are deeply embedded in the daily jobs of care workers, covering both administrative and clinical processes. The network effect fostered in its ecosystem of connected care workers and patients makes Corilus truly
Funds managed by Clayton, Dubilier & Rice (CD&R) are to acquire Radio Systems Corporation, a specialist in the companion pet health and safety market. Terms of the transaction have not been disclosed.Founded in 1991 by entrepreneur Randy Boyd, Radio Systems Corporation designs and distributes more than 2,000 pet products under brand names such as Invisible Fence, PetSafe, ScoopFree, SportDOG, and Kurgo, among others. Headquartered in Knoxville, Tennessee, the company has more than 800 employees worldwide that help the company reach consumers across the Americas, Europe, and Asia.
Radio Systems holds the No1 market position by sales in many of the
Kirkland & Ellis has represented Cartesian Capital Group in an investment in its portfolio company Tim Hortons China by Tencent Holdings Ltd.Founded by Cartesian and Restaurant Brands International, Tim Hortons China opened its first restaurant in February 2019 and now operates close to 50 locations across China. The restaurant chain expects to use the funding from Tencent’s investment to further uplift digital transformation, expand its digital infrastructure, and accelerate new store opening to meet consumer needs.
The Kirkland team was led by corporate partners Daniel Dusek and Michael Rackham.
CenterOak Partners (CenterOak), a Dallas-based private equity firm, has formed SurfacePrep through a combination of its legacy investment in GNAP and 10 strategic acquisitions over the last 18 months, including the recent acquisition of Temple Associates, a distributor of loose abrasives and blast equipment based in Sacramento, California. The combination creates the largest provider of surface enhancement solutions in North America. The SurfacePrep network includes 36 distribution branches, process development labs and production finishing centres strategically located in major manufacturing hubs across the United States and Canada, giving the Company the ability to serve its customers coast to coast.
SurfacePrep’s
Capital calls are expected to fall in the short term but should pick up rapidly throughout the year as cash-rich PE funds begin bargain hunting, according to new research by eFront.
eFront, a financial software and solutions provider focused on alternative investments, has published a retrospective analysis of PE performance, capital calls and distributions over the past 20 years, in order to assess the pandemic’s impact on the asset class.
“Each crisis is unique in its own right. However, what is clear is that the NAVs of funds will to some extent mirror the gyration of stock prices, but not
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