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Macquarie Infrastructure and Real Assets (MIRA), via Macquarie European Infrastructure Fund 4 (MEIF4), is to sell its interest in Renvico to ENGIE.
Renvico is a leading developer and operator of onshore wind farms, currently invested in 142 MW of installed generation capacity across Italy. In addition, Renvico owns a 50 per cent stake in a joint venture with KKR in France, representing a further 187 MW of installed onshore wind generation capacity. As part of this transaction, KKR and its co-investors in the French joint venture have also agreed to sell their combined 50 per cent stake to ENGIE.
Leigh
DOB Equity, a leading Dutch family-backed impact investor in East Africa, has invested in Natural Extracts Industries (NEI), a natural vanilla flavour manufacturer, based in Moshi, Tanzania.
Since its inception in 2011, NEI has partnered with small-holder farmers by encouraging them to grow vanilla next to their existing crops, thereby providing extra income.
NEI provides training in good agricultural practices for over 5,000 farmers across five regions in Tanzania in vanilla husbandry (following organic principles) and traceability. As a result, farmers have earned up to 50 per cent additional income from vanilla farming.
NEI sources green vanilla pods
Varagon Capital Partners (Varagon) is serving as Administrative Agent, Lead Arranger and Bookrunner on a senior secured credit facility to support the acquisition of AIM MRO by AE Industrial Partners (AEI).
Headquartered in Miamiville, OH, AIM MRO is a leading manufacturer and supply chain manager of highly engineered consumable repair products and materials used primarily in the aerospace engine aftermarket.
“We are excited to partner with AE Industrial in its acquisition of AIM MRO,” says Keith Carter, Managing Director for Varagon, “We look forward to supporting management and AEI as they continue to grow the business.”
One World Fitness, an owner and operator of Planet Fitness clubs in the Philadelphia metropolitan and New Jersey markets, has acquired BMC Mgmt Inc and affiliates (San Diego Fitness).
The acquisition expands the One World Fitness footprint to include the densely populated and high-growth San Diego county area. Financial terms have not been disclosed.
San Diego Fitness was founded in 2013 and now serves more than 60,000 members across seven clubs in southern California. The transaction represents One World Fitness’s first add-on acquisition since forming the platform in March 2019 in conjunction with an investment from Centre Partners, and
Aberdeen Standard Investments (ASI) and Rock Rail have closed the financing of new Hitachi intercity trains for the West Coast Partnership rail franchise.
ASI, lead equity provider, and Rock Rail, rail investor-developer and asset manager, together led the transaction of more than GBP350 million. The fleet will be financed through Rock Rail West Coast PLC and leased to West Coast Partnership, a joint venture between First Group and Trenitalia. First-Trenitalia will take over the franchise from 8 December 2019, operating intercity services as Avanti West Coast.
As with ASI and Rock Rail’s previous new UK rolling stock deals, senior debt
Kaiser Permanente Ventures (KPV) thas closed its fifth investment fund at USD141 million, bringing the total assets under management to more than USD500 million.
This latest fund includes financial commitments from Kaiser Permanente and a diverse group of new and returning external strategic investors including Tufts Health Plan, Henry Ford Health System, and Highmark Ventures, a subsidiary of Highmark Health.
KPV Fund V will continue KPV’s focus on supporting the growth of innovative companies that are addressing some of the most important unmet needs in the health care system.
“We are in the midst of a tremendous opportunity as the
The 2020 outlook for the global asset management sector is stable, reflecting high profit margins, manageable debt burdens, and sustained risk appetite among investors, Moody’s Investors Service says in its annual outlook.
The outlook is supported by a number of factors including low expectations for a recession in 2020, continued rationalisation of middle and back office functions which will help preserve profitability, and expectations for bolt-on (as opposed to transformational) M&A activity.
“Although under pressure from fee compression, passive product substitution, and low organic asset growth, profit margins remain high for traditional asset managers, which is a source of credit
Jaguar Land Rover’s venture capital arm InMotion Ventures has invested in Apex.AI. a software start-up with offices in Palo Alto, California, and Munich, Germany, which is preparing to launch its flagship product – Apex.OS – to the automotive sector in early 2020.
InMotion joins Volvo Group Venture Capital and HELLA Ventures as one of Apex.AI’s most recent strategic investors. Existing investors include Lightspeed Venture Partners, Canaan Partners, Toyota AI Ventures and Airbus Ventures.
Apex.AI was founded in June 2017 to build a safe and certified version of ROS (Robot Operating System), which is currently the de-facto standard in robotics and
Sun Capital Partners’ affiliated portfolio company StonePoint Materials (StonePoint) has completed the acquisition of Road Builders, one of Kentucky’s oldest materials and paving construction operations. Terms of the private transaction have not been disclosed.
Founded in 1948, Road Builders is operated by third and fourth generation family owners. Road Builders will complement StonePoint’s Clarksville, Tennessee-based subsidiaries, Winn Materials and McIntosh Construction.
“The acquisition of Road Builders continues to demonstrate our thesis of investing in founder-owned companies with strong market share that want to partner with one of the leading independent aggregate producers in North America,” adds Aaron Wolfe, Managing
Private equity firm Thompson Street Capital Partners’ (TSCP) portfolio company Marmic Fire & Safety Co (Marmic) has acquired Charlotte, North Carolina-based Fire Control Systems of Charlotte (FCS), a provider of commercial fire protection services.
Terms of the transaction have not been disclosed.
This is the fifth add-on acquisition completed by Marmic since partnering with TSCP in August 2018.
FCS specialises in testing, inspections, service, and sales of portable fire extinguishers, alarm systems, restaurant fire suppression systems, and exit and emergency lighting fixtures. FCS services thousands of locations across the eastern half of the United States.
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