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Private equity firm Corsair Capital (Corsair) has held the final close of its fifth fund, Corsair V, with USD1.0 billion of limited partner commitments, and an additional USD264 million of co-investment capital that has been invested to date. Corsair V met its target of USD1.0 billion thanks to strong interest from new and existing limited partners. Corsair’s previous fund, Corsair IV, had USD863 million of committed capital.
Corsair V will seek to build on the firm’s expertise and strategy of identifying growing businesses that combine financial services complexity with transformational technology in areas including payments, software, consumer financial product distribution and
Faegre Drinker has appointed Gregory R Hall as a partner in the firm’s Corporate group based in Denver. Hall comes to the firm from DLA Piper’s Phoenix office.For more than 28 years, Hall has represented clients in securities offerings, mergers and acquisitions, restructuring transactions, and other corporate and business matters. He advises clients on domestic and cross-border deals; capital markets transactions, including public and private offerings of equity and debt securities; tender offers and exchange offers; domestic and international joint ventures; venture capital and private equity transactions; bank financings; and debt restructurings.
“We are pleased to welcome Greg to Faegre
HIG Growth Partners (HIG), a dedicated growth capital investment affiliate of HIG Capital, has completed the sale of its portfolio company, Centerfield Media Holdings (Centerfield), a technology driven end-to-end digital marketing and sales conversion business, to Platinum Equity.Founded in 2011 and headquartered in Playa Vista, California, Centerfield develops intelligent digital advertising technology focused on real time biddable media which enables targeting and acquisition of high performing, high lifetime value customers for its clients across numerous industries. The Company’s sophisticated marketing technology platform leverages Big Data and optimizes each part of the customer acquisition process from initial view through offline sale
EcoOnline, a European software company helping customers optimise safe handling of chemicals and ensure occupational safety, has received funding from Summa Equity and Goldman Sachs Merchant Banking Division.
Summa Equity and Goldman Sachs Merchant Banking Division signed an agreement on 18 February 2020 which secures new capital from Summa Equity Fund II and Goldman Sachs Merchant Banking Division. They will each acquire a 33 per cent ownership in EcoOnline from selling shareholders, which include Summa Equity Fund I and Viking Venture. Both will remain shareholders in the company.
The capital will help the company expand further internationally. EcoOnline is a
London-founded tech company JUMO, focusing on next-generation financial services for emerging market entrepreneurs, has raised USD55 million in debt and equity funding from new and existing investors.
Global investment manager AMP Capital, one of the world’s top 10 infrastructure investors with over USD140 billion in AUM, had been looking closely at the US fibre sector for quite some time before it eventually decided to acquire Everstream last year.
Wynnchurch Capital (Wynnchurch) has acquired Pennsylvania Machine Works, (Penn Machine), a fully integrated manufacturer of high pressure forged fittings and branch connections. Founded in 1931 and headquartered in Aston, Pennsylvania, Penn Machine has built a strong reputation for providing its customers with unmatched lead-times, high quality products in a diverse variety of material grades and excellent service.
“We are committed to providing our customers with a one-stop solution for all their forged fittings and branch connection needs, and are excited to partner with Wynnchurch as we continue that mission,” says Joe Pro, President of Penn Machine. “Wynnchurch understands the importance of
WaterBridge Holdings is to acquire the Southern Delaware Basin produced water infrastructure of Centennial Resource Production, LLC, a subsidiary of Centennial Resource Development (Centennial). Contemporaneous with closing, WaterBridge and Centennial will enter into a 15-year produced water management agreement at market rates for Centennial’s operated acreage within an extensive area of mutual interest. The transaction is valued at USD225 million, consisting of USD150 million in upfront cash and an additional USD75 million payable to Centennial over a three-year period based on Centennial achieving certain incentive thresholds. The transaction is subject to certain regulatory approvals and other customary closing conditions, and is expected to
AND Digital has secured a GBP11 million equity investment from BGF to support its continued growth and global expansion.Established in 2014, AND Digital is one of Europe’s fastest growing tech companies, employing over 600 people and generating an annual turnover of GBP42 million. In this year’s The Sunday Times Best Companies to Work For, AND was ranked at number 10, demonstrating its people first focus for tech talent.
The organisation accelerates the digital capabilities of large enterprise clients, giving them the ability to build products and grow their internal digital capability at the same time. Its rapidly-growing client base
Global investment solutions firm Russell Investments has completed private fund management (PFM) registration in China to develop and sell funds investing in onshore assets to qualified investors. The firm’s Shanghai-based wholly foreign-owned enterprise (WFOE), which was established in 2015, completed the Asset Management Association of China’s registration process in mid-February as a private equity investment fund.
Russell Investments has completed registration in China to develop and sell funds investing in onshore assets to qualified investors.
Ying Tan, president and general manager for Russell Investments Management (Shanghai), says: “This is an important development to build upon our long-standing work in China. It
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