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Prudential Capital Energy Partners has completed fundraising for its first energy mezzanine fund, Prudential Capital Energy Partners Fund I, closing at USD343 million.
Prudential Capital Energy Partners (PCEP) is the middle-market energy mezzanine fund business sponsored by Prudential Capital Group, the USD81.4 billion private capital arm of PGIM, the USD1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).
Fund I will follow an investment strategy consistent with its predecessor legacy investment programs, making investments ranging from USD10 to USD50 million to fund primarily mezzanine debt investments in the middle-market North American upstream oil and gas, conventional
Rebecca (Becky) Wood has rejoined Sidley Austin as a partner. Wood will co-lead both the firm’s Food, Drug, and Medical Device Regulatory practice and its FDA group in Washington with partner Coleen Klasmeier.
Wood previously served as Chief Counsel to the Food and Drug Administration (FDA) and Associate General Counsel in the Office of the General Counsel, Department of Health & Human Services. She will focus her practice on providing counsel on a wide range of contentious and non-contentious FDA regulatory and litigation issues to clients in the life sciences industry and private equity firms investing in the area.
Westhook Capital (Westhook), a Los Angeles-based private equity firm focused exclusively on the lower middle market, has held the final closing of its inaugural fund, Westhook Capital Partners, with USD140 million in commitments.
Westhook is led and founded by industry veteran Michael Hooks, who was previously the co-founder of Black Canyon Capital, a Los Angeles-based private capital firm which completed more than USD1.0 billion of investments across various industries.
Westhook focuses on buy-outs of US based lower middle market companies within the consumer, industrial, business services and healthcare services sectors that can benefit from the firms’ hands-on, operationally-focused and
Ibis Capital, profiled in AlphaQ, a specialist education technology alternative investment manager, is to launch the world’s first education technology special purpose acquisition company, or SPAC.
The new company will be called EdTechX Holdings and will list on Nasdaq, according to a regulatory filing.
ExTechX Holdings intends to build a next generation education platform through the targeted acquisition, consolidation and development of established education, training and education technology businesses that are early adopters of technology and led by proven management teams.
IBIS Capital and Azimut Enterprises, a European independent asset management company with over USD61 billion of assets
Cleveland-based Predictive Service (Predictive) has merged with Align Capital-backed Lewellyn Technology (Lewellyn). ACP acquired a majority stake in Lewellyn last November.
This new combination creates a predictive maintenance, safety, and repair services platform designed to reduce operating costs, improve equipment utilisation, and ensure safety for customers worldwide.
At the centre of Predictive’s enterprise asset management solution is the company’s proprietary ViewPoint software that provides data collection, analysis, and decision-making functionality for customers’ maintenance and repair needs. It allows plant managers to not only prevent equipment failure, but also manage energy and cost savings initiatives in real time. Predictive CEO
Private equity firm Aretex Capital Partners (Aretex) has invested in Building Energy 1 Holdings (Building Energy) through its inaugural fund. Building Energy is a global independent power producer of renewable energy.
Building Energy is the third investment for Aretex since its inception in 2018. Aretex has acquired the stake from ZZ Capital, whose investment in Building Energy was sourced and led by Sergio D’Angelo and Andrew Feller while they were partners at ZZ Capital International, leading the European and North American operations respectively.
Building Energy has enjoyed significant growth in the past year, having increased its power production capacity
Gide has advised Launchmetrics, the company resulting from the merger between Augure and Fashion GPS in 2016, on a USD50-million funding round led by Bpifrance’s Large Venture fund, with participation from Seventure, the Courtin-Clarins family, and German fund Cipio Partners.
Gide’s team was headed by partner David-James Sebag, working with associates Pauline Schaeffer and Hélène Thomelin on all aspects of the operation both in France and the United States.
Gide also worked with the New York office of firm Latham & Watkins on US aspects, with a team comprising partner David Concannon and associate Eric Broad.
The new
Macfarlanes has advised founder, Mark Locke, and the management team on the sale of Genius Sports Group to Apax. Genius Sports Group, which was founded in 2000, is a global leader in sports data technology.
The company’s software is used by over 300 sporting bodies around the world to collect and distribute in-game statistics. It also offers a full suite of services to enable the likes of Major League Baseball, the English Premier League and the PGA TOUR to identify, combat and prevent betting-related corruption. Through Betgenius, its sports betting division, the technology is also used by over 150 licensed sportsbook
Sovereign Capital Partners, a UK private equity buy & build specialist, has backed the management buy-out of Asset Control, a provider of financial data management software to banks and other financial institutions.
The business is headquartered in London and has offices in the US, Singapore and the Netherlands.
The investment comes as several trends have combined: regulatory and business demands for superior information provision, a greater reliance and need for specialist technology provision and an environment where clients are increasing their need for data to unlock more business value. Asset Control, with a blue-chip client base, is well-positioned to
Verdane has invested SEK150 million in Inovia, one of Sweden’s leading providers of big data and AI solutions.
Inovia has developed a strong set of AI tools and frameworks, including an AI based virtual assistants (AIVA) and the Voice to Text application for Swedish. With Verdane’s investment, Inovia plans to accelerate the development and commercialisation of AI products and solutions and position the company for expansion to other Nordic countries.
“We have experienced an increasing interest in our services, solutions and products as more and more companies realise the opportunities with AI. Whether it’s automating customer service, improving health
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