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Clairvest Group has held a first and final closing for Clairvest Equity Partners VI (CEP VI) at its hard cap of USD850 million.
Marketing of CEP VI commenced in January 2019 with a fund target size of USD800 million. Clairvest’s commitment to the fund is USD230 million alongside USD620 million from third party investors. As with Clairvest’s previous funds, Clairvest will be the single largest investor in CEP VI.
“We are delighted to have a renewed commitment by many of our existing fund investors as well as to welcome several new investors to CEP VI. We are pleased that the
Stonyrock Partners (Stonyrock) and Leucadia Asset Management (LAM), a division of Jefferies Financial Group, have formed a strategic partnership to raise a permanent capital vehicle to invest in middle market alternative managers.
Stonyrock will target minority equity stakes in high-quality, middle-market alternative managers across a range of asset classes, strategies and geographies, including private equity, credit, hedge funds, real estate, venture, and infrastructure, creating a highly diversified portfolio of partnerships. Stonyrock’s strategy seeks to address the growing demand from alternative managers to bring in outside capital to execute on a range of strategic priorities including franchise growth initiatives, operational investments
Growth Capital Partners (GCP), a mid-market investor in UK SMEs, has promoted Jay Salter to Investment Manager. Salter joined GCP in 2017 and most recently worked on the investments in The DMW Group and Indigo Telecom Group.
Salter previously worked in the corporate finance team at Ernst & Young where he spent four years in the London office working in corporate restructuring and transactions support before three years in Sydney as part of the private equity transactions team, specialising in mid-market investments.
Salter says: “It’s a very exciting time to be at GCP, with our recent investments from Fund
Edison Partners, the growth equity investment firm, has led a USD4 million growth round in Northpass, a New Jersey-based enterprise learning solution for driving business performance.
The capital will be used to accelerate Northpass’ go-to-market execution and product innovation to transform the USD5 billion learning management system (LMS) category.
Northpass experienced significant momentum in 2018 as it grew its customer base to more than 200 logos including notable disruptor brands such as Airbnb, Lyft, Uber, Shopify and Square. Northpass achieved 100 percent revenue growth for the year and anticipates the same 2x growth trajectory for 2019.
The company’s platform
Alpha Private Equity Fund 7 (APEF 7) is to acquire Laminam from Stefani family and Alberto Selmi. The transaction includes the following companies: Laminam SpA, Laminam Rus, Laminam USA Inc, Laminam China, Laminam Service.
The completion of the transaction, which is subject to the normal antitrust approvals, is expected before the end of June. Alberto Selmi will continue to lead Laminam, together with the management team, and will reinvest his proceeds and further increase his stake in the company.
Laminam, founded in 2001 by Franco Stefani and based in Fiorano Modenese (MO), is a specialist in large-sized ceramic slabs used
Aurelius UK and Hermes GPE share insights on how they think about megatrends as part of their respective investment strategies…
The world we live in has undergone incredible transformation since the turn of the century, driven by technology advances and the creation of global networks, with digitalisation connecting businesses in new ways. This has allowed widespread disruption in the marketplace, and forced companies to re-think their traditional business models.
A series of megatrends, including globalization, climate change, demographic change (we are all living longer), digitalisation (i.e. online retail) and urbanisation (think smart cities) present huge opportunities for private equity investors,
Wynnchurch Capital (Wynnchurch) has acquired Alliance Designer Products, a manufacturer of polymeric sand and related installation products used in residential and commercial hardscaping projects.
Founded in 2003, Alliance leads the industry with its all-encompassing suite of products, product innovation, and dedication to unmatched customer service and product support. Alliance currently serves the Canadian, US and European markets from its headquarters in Mirabel, Québec.
“We are committed to delivering best-in-class products and services for all of our customers and are excited to partner with Wynnchurch as we continue that mission,” says George Tutino, President of Alliance.
Jack Tutino, Senior Vice President,
Värde Partners has completed a strategic GBP60 million equity investment in UK-based specialist bank Masthaven, having previously announced the deal in September 2018.
The completion of the investment will enable the bank to deliver against its strategic ambition to become one of the leading specialist banks in UK residential and SME markets.
The GBP60 million equity investment from Värde Partners, along with the bank’s existing capital base, will enable Masthaven to significantly increase lending to consumers and SMEs over the next three to five years as well as provide innovative deposit solutions to Masthaven’s customers.
By serving borrowers without
TA Associates, a global growth private equity firm, has appointed Andrew Tay as a Senior Vice President in its Hong Kong office.
“We are pleased to welcome Andrew to TA Associates,” says Edward F Sippel, a Managing Director at TA Associates and Co-head of Asia operations of TA Associates Asia Pacific Ltd. “As we continue to actively seek investments in profitable growth companies throughout the Asia-Pacific region, it is critical that we have talented and driven professionals on our team who have a keen understanding of the market. We believe that Andrew’s deep private equity investing experience will transition well
Saleswhale, an AI-powered sales assistant for mid-market and large enterprises, has closed a USD5.3 million Series A funding round, led by Monk’s Hill Ventures.
The company, based in Singapore, plans to use the investment to expand its teams in engineering, customer success, and sales & marketing. The investment will also extend the Saleswhale offering to meet growing demands from enterprise customers globally, including features such as Salesforce integration and enterprise work flows.
Saleswhale CEO and Co-Founder Gabriel Lim says: “We believe that AI assistants will become ubiquitous in the near future for global enterprises, as C-suites recognise that automation is
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