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Moneypenny, the UK’s leading outsourced communications provider delivering telephone answering, live chat, switchboard and multichannel customer services, is partnering with private equity investor ECI Partners to help drive the next stage of the company’s growth.
ECI’s significant investment will support Moneypenny’s ambitious plans to substantially grow its turnover by expanding across its core markets in the UK and USA. The details of the transaction are undisclosed.
Moneypenny is the market leader and fastest growing company in its sector, with 700 staff and a turnover of GBP33 million. It delivers outsourced telephone answering, live chat, switchboard and a host of
Aquila Capital is to acquire a portfolio of 21 operational small-scale hydropower plants located in Northern and Central Portugal with a total capacity of approximately 100 MW from EDP. The investment marks Aquila Capital’s first step into Portugal’s hydropower market.
Aquila Capital is already active in the Iberian Peninsula’s integrated energy market, operating from its Madrid office. This latest transaction follows Aquila Capital’s first investment in Portugal’s renewable infrastructure, which was the acquisition of a PV portfolio with a capacity of 170 MWp at the end of 2017.
The new hydropower portfolio consists of 14 run-of-river units and seven
IK Investment Partners’ (IK) IK Small Cap II Fund has completed its first transaction in the Benelux by acquiring 2Connect, a leading manufacturer of specialised cables and connectors, from the van der Put family.
Financial terms of the transaction, which sees the firm’s founder reinvest alongside the fund, have not been disclosed.
2Connect designs, develops and produces tailored interconnection solutions for OEM and ODM customers worldwide. The product portfolio includes specialised designed cables, moulded connectors, electronic packaging and interconnection modules. Founded in 2000, the company prides itself on setting new standards for interconnection solutions by designing high quality
New World Capital Advisors (NWCA), a specialist merchant banking and investment firm, has appointed two new Partners – Alexander Tsirigotis joins as Chief Operating Officer and Simon Evans as General Counsel.
NWCA focuses on market dislocations, special situations and bespoke investments across developed and emerging markets. The pair will enhance NWCA’s capabilities as it continues to develop its traditional approach to merchant banking.
Tsirigotis joins from BlackRock, where he held positions in its Financial Markets Advisory and Corporate Strategy divisions. His previous experience includes roles at Merrill Lynch, Mediobanca and Nomura.
Evans qualified as a barrister and then
SANNE, a specialist provider of outsourced corporate, fund and private client administration, has promoted Karlien De Bruin to Director and Head of SANNE’s Management Company (Manco) business in South Africa.
In her new role, Karlien (pictured), will lead a team of business and operational professionals in delivering best-in class expertise whilst promoting and growing the Manco business.
Graeme Rate, Head of Hedge at SANNE, says: “This promotion reflects my confidence and that of SANNE’s that Karlien is the right person to continue driving and strengthening our Manco business. Karlien is an experienced leader with a broad and deep
Following the initial boom of liberalisation, new restrictions are having a severe cooling effect on the nascent international Chinese PERE market – fund managers that are in it for the long-haul will need to up their game during this period of tightening, writes Jimmy Leong, Managing Director in Asia, at Augentius.
The first summer – figuratively speaking – of the newly liberalised Chinese PERE market has come to a definitive close. The historical (if piecemeal and partial) opening up of the domestic market to foreign funds and managers understandably caused a bit of a gold rush effect, with the number
The Carlyle Group (NASDAQ: CG) has made a strategic investment in alternative investments platform iCapital Network.
Abacus Group, a provider of hosted IT solutions and application hosting for alternative investment firms, has completed the acquisition of Hedgepoint Solutions, a boutique IT consulting firm based in New York City.
“Abacus Group has been doing some amazing things in the hosted IT space, growing not just throughout the US but also internationally into the European market. I’m excited for us to integrate with such an innovative company,” says Vick Manocha, Managing Director of Hedgepoint Solutions.
Founded in 2001, Hedgepoint Solutions has provided a wide array of technology services to businesses across various industries and sectors, with a
Law firm Paul Hastings has advised shareholders and re-investors of France-based Aries Alliance, a manufacturer of machine tools, titanium wing structures, and engine parts for the aerospace sector, in connection with the LBO of the group, structured by Astorg Partners, which acquired a majority stake.
BNP Paribas, Banque Populaire, LCL and Société Générale provided senior debt financing for this transaction.
Aries Alliance’s clients include companies involved in parts for aeronautical structures, engines, aircrafts, helicopters, missiles, and launchers for the civil, military, or aerospace industries worldwide.
The Paul Hastings team in Paris was composed of corporate partner Olivier Deren and
Middle market private equity firm One Equity Partners (OEP) is to sell PeroxyChem, a worldwide manufacturer of peroxygen chemistries, to German Evonik Industries AG, a publicly-traded global speciality chemicals company, for USD625 million, or 10.4 times EBITDA, before synergies.
The transaction is expected to be completed by mid-2019, subject to regulatory approvals and customary closing conditions.
PeroxyChem, with roots going back over 100 years, is an innovative producer of hydrogen peroxide and peracaetic acid serving the food safety, electronics, environmental, energy and other industrial end markets. The company is headquartered in Philadelphia, Pennsylvania and employs approximately 600 people worldwide
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