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Crown Capital Partners has launched Crown Capital Power, a new fund that will provide investors with attractive, utility-like income through the direct ownership of Integrated Energy Platforms (IEPs) that provide electricity under long-term contracts to mid to large-scale electricity users, such as manufacturers, hotels, and condominiums.
IEPs are on-site generators that provide more reliable and less expensive electricity than comparable service from a public utility.
“Over the past 10 years, commercial electricity users, especially in Ontario, have experienced substantial price increases and prices are expected to continue rising,” says Chris Johnson, President and CEO of Crown. “Because electricity
Private capital adviser Campbell Lutyens has added to its senior team in the US with the appointments of Mike Bolner and Yokasta Segura-Baez as Principals.
Campbell Lutyens’ US-based team has grown to 30 people across three offices in New York, Chicago and Los Angeles.
Bolner has more than 20 years of placement agent experience and has led over 70 fundraisings across a broad range of alternative investment strategies. He joins Campbell Lutyens from Probitas Partners where he led the project management team in New York. He previously held senior roles at JP Morgan Funds Group and Citi Alternative Investments.
Third Seven Group, an investment bank (Third Seven Capital) and registered investment advisory firm (Third Seven Advisors), has acquired a stake in boutique investment management consultancy UDIS Capital Partners (UDIS).
UDIS specialises in introducing foreign and domestic capital, managing cross-border transactions and providing foreign currency solutions.
Third Seven currently offers direct investment opportunities to pre-IPO companies and access to The Growth Center, a proprietary solution that includes business consulting and unique technology to aid in any stage of an advisor’s business life cycle created by entrepreneurs, for entrepreneurs. This partnership with UDIS furthers Third Seven’s goal to arm their clients
Audax Private Equity (Audax) has partnered with the existing management team to acquire Revolution Dancewear (Revolution), a global supplier of dance recital costumes, competition costumes, footwear, and dancewear.
Terms of the transaction have not been disclosed.
Geoffrey S Rehnert, Co-Chief Executive Officer, Audax Group, says: “Revolution is a recognised leader in the dance costume and dancewear market. We look forward to supporting CEO Joe Sclafani and the entire Revolution team to continue growing the business organically and through acquisitions.”
Revolution Dancewear, headquartered in Niles, IL, is a leading, globally recognised, costume and apparel platform that is known for
Stone Coast Fund Services, Basiz Fund Services and North Street Global are the latest firms to join the North American Fund Administration Association (NAFAA), a group for the alternative investment fund administration industry.
“The alternative fund administration industry is transforming and administrators recognize that NAFAA presents an opportunity to collaborate to address how these changes might affect their business strategies,” says founding director, Chris Meader (pictured). “We are thrilled that Stone Coast, North Street Global and Basiz have decided to join to help strengthen the efforts of the association to advance the alternative fund administration industry.”
Stone Coast Fund
Swedish cybersecurity startup Baffin Bay Networks has closed a USD6.4 million Series A round led by the EQT Ventures fund (EQT Ventures). The capital will be used for further international expansion, taking the company closer to creating a world-beating cyber security platform.
Baffin Bay Networks was founded in 2017 by cyber security experts who believe no organisation should be defenceless against advanced cyber security threats. The company offers an easy to use and accurate cloud-first threat protection platform that helps companies and service providers protect their key assets and services. Unlike other offerings, the platform has been developed with sophisticated
BP is to purchase Chargemaster, a UK-based electric vehicle (EV) charging company. Chargemaster operates a network of EV charging points, with over 6,500 across the country. It also designs, builds, sells and maintains EV charging units for a wide range of locations, including for home charging.
Tufan Erginbilgic, chief executive, BP downstream, says: “Bringing together the UK’s leading fuel retailer and its largest charging company, BP Chargemaster will deliver a truly differentiated offer for the country’s growing number of electric vehicle owners.
“At BP we believe that fast and convenient charging is critical to support the successful adoption of
BP is to purchase Chargemaster, a UK-based electric vehicle (EV) charging company. Chargemaster operates a network of EV charging points, with over 6,500 across the country. It also designs, builds, sells and maintains EV charging units for a wide range of locations, including for home charging.
Tufan Erginbilgic, chief executive, BP downstream, says: “Bringing together the UK’s leading fuel retailer and its largest charging company, BP Chargemaster will deliver a truly differentiated offer for the country’s growing number of electric vehicle owners.
“At BP we believe that fast and convenient charging is critical to support the successful adoption of
BitSight, a provider of Security Ratings, has closed USD60 million in Series D funding, bringing the company’s total funding to USD155 million. The financing was led by Warburg Pincus, with participation from existing investors Menlo Ventures, GGV Capital and Singtel Innov8.
BitSight pioneered the security ratings market in 2011, as the first company to develop a security ratings product. Today, organisations and nations worldwide use the BitSight Security Ratings SaaS platform to help manage third party risk, benchmark performance, underwrite cyber insurance policies and conduct M&A due diligence. With over 1,200 customers collaborating and verifying BitSight Security Ratings on a
ARQIS has advised BWK GmbH Unternehmensbeteiligungsgesellschaft (BWK) on the acquisition of a majority stake in H & R Industrierohrbau.
H & R Industrierohrbau, based in Goldbach in Bavaria, is specialised in the maintenance and construction of piping in production facilities. In 2017, the company generated a turnover of almost EUR16 million with 80 employees at its three locations – two of which are “on-site locations” at industrial parks in the Rhine-Main area. Among H&R’s customer base are major companies of the chemical and pharmaceutical sectors (eg AkzoNobel, Boehringer Ingelheim, Sanofi, and Clariant) as well as other medium-sized industrial customers.
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