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Ford Financial Fund has held the the closing of Ford Financial Fund III with over USD1 billion in commitments. Ford Financial Fund is a private equity fund focused on investments in community banks.
The fund is co-managed by Gerald J Ford and Carl B Webb, who are among the nation’s most experienced and successful investors in and operators of a broad range of financial services companies. The General Partner committed USD155 million of its own capital across Fund II and Fund III, which are both fully invested in Mechanics Bank. Fund II closed in May 2013.
Fund III closes in
Middle market private equity firm Freeman Spogli & Co has held the closing of FS Equity Partners VIII (Fund VIII) at its hard cap of USD1.85 billion in capital commitments.
Fund VIII is the successor fund to FS Equity Partners VII, which closed on total commitments of USD1.3 billion. Commitments to Fund VIII came from a diverse group of public and private pension funds, insurance companies, endowments, foundations, financial institutions and family offices.
“We are grateful and humbled to have received such a high level of interest for Fund VIII,” says Freeman Spogli Co-Founder and Co-Chairman, Ron Spogli. “Our team is deeply appreciative of the
Investcorp, a global provider and manager of alternative investment products, has finalised its acquisition of a majority interest in CM Investment Partners (CMIP), which acts as the investment adviser to Investcorp Credit Management BDC, (formerly known as CM Finance Inc).
The transaction was first announced in June 2019. Investcorp Credit Management BDC, a specialty finance company that has elected to be regulated as a business development company (BDC), invests primarily in the debt of US middle-market companies. Additional terms of the transaction have not been disclosed.
Under the deal, CMIP will form part of Investcorp’s Credit Management (ICM) business,
Mesirow Financial has acted as the exclusive financial advisor to Vanguard Packaging, Advanced Logistics & Fulfillment (ALF) and Great Plains Packaging (collectively Vanguard) on its investment from Dunes Point Capital.
Headquartered in Kansas City, Missouri, Vanguard is an independently owned and operated manufacturer of high-graphic corrugated displays, retail-ready packaging, industrial packaging products as well as related fulfilllment and logistics services. Vanguard is a customer-centric company that provides a comprehensive one-stop solution. The company emphasises responsiveness, innovation, and the delivery of high-quality products and services through the use of sustainable business practices, establishing the Company as one of the most sustainable
MiddleGround Capital (MiddleGround), a private equity firm that makes control investments in business-to-business (B2B) industrial and specialty distribution companies in the North American lower middle market, has held the final close of Fund I, MiddleGround Capital I, above the fund’s hard cap at USD459.5 million.
MiddleGround Capital was formed in May of 2018 by John Stewart, Lauren Mulholland and Scot Duncan and partnered with Archean Capital Partners (Archean) as its anchor investor for fund I.
“We knew right away there was something special about the MiddleGround team,” says Rob Lazaroff, a Partner at Archean. “We spoke to over forty references
European companies raised a record-breaking EUR10.6 billion of venture capital during the first six months of 2019 according to analysis by Refinitiv.
The total raised, during the first six months of 2019 (H1 2019), marked an increase of 61 per cent year on year. Despite the record-breaking deal values in the period, deal volumes continued to decline as only 683 rounds were completed in the first half. This is down 7 per cent from H1 2018 and marked the slowest start to a year since 2009.
Greg Bauman, Manager, Private Equity Contributions at Refinitiv, says: “We’re seeing firms raising
Private equity firm The Riverside Company has sold Health & Safety Institute (HSI), an environmental, health and safety (EHS) compliance and training platform, to Waud Capital Partners.
Based in Eugene, Oregon, HSI is a premier EHS compliance and training platform that enables organisations of all sizes to make their workplaces and communities safer, while reducing both financial and reputational risk and ensuring compliance in an increasingly complex regulatory environment.
“It has been a pleasure partnering with the HSI team these past four years,” says Riverside Managing Partner Suzy Kriscunas. “We are proud of the work we’ve accomplished with HSI management
Xiang He Capital, the China TMT focused venture capital firm founded by former Baidu executives Hesong Tang and Maggie Yang, has recently closed its second USD-denominated venture fund at the increased hard cap of USD425 million.
The Fund was well oversubscribed, exceeding the USD350 million target and with demand beyond the hard cap. LP support came from existing and new investors from across the United States, Europe, the Middle East and Asia-Pacific, representing global consultants, leading university endowments, foundations, family offices, pensions, and fund-of-funds.
Continuing its strategy from Fund I, Xiang He invests in high-growth internet and tech-enabled businesses in
TigerRisk Partners, a risk, capital and strategic advisor to the global insurance and reinsurance industries, thas appointed James Few to become CEO of its London office. He will report to Rob Bredahl, President and COO.
“James Few is a proven leader within the reinsurance industry,” says Bredahl. “He played a key role in the development of Aspen Re, created a range of innovative ILS structures, was chairman of the RAA… the list goes on. In short, he is at the cutting edge of modern risk transfer and is ideally qualified to help grow TigerRisk into the industry’s leading broker/advisor.”
An affiliate of HIG Capital (HIG) has completed the acquisition of Nadir Figueiredo Indústria e Comércio (Nadir), the largest glass tableware producer in Brazil and the sixth largest in the world. The transaction value was approximately BRL1 billion.
Founded in 1912 in the state of São Paulo, Nadir has a complete product portfolio of more than 2,000 SKUs, reaching approximately 1,200 customers in the retail as well as commercial food and beverage industries, both in Brazil as well as in 67 other countries. The Company built a 107-year success story in Brazil as a result of its high-quality products and
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