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The second Basalt Fund (Basalt II) has reached its final close with total commitments of USD1.285 billion. Basalt II is an infrastructure equity investment fund focused primarily on investments in utilities, energy and transport infrastructure, in the United States, Canada and Western Europe.
Basalt II represents a continuation of the investment strategy deployed by the first Basalt Fund which has now been fully deployed.
The capital raising for Basalt II generated significant interest from a broad mix of global institutional investors, including public and private pension plans, sovereign wealth funds and fund of funds, culminating in demand in excess
DA Davidson & Co, a US full-service investment bank, and MCF Corporate Finance, a European independent M&A advisory firm, are teaming up in a bid to strengthen their capacity and relationships for origination and execution of transatlantic mergers and acquisitions.
The companies say the co-operation will be beneficial to all clients of DA Davidson and MCF, particularly Private Equity sell-side investors and their portfolio companies looking for strong transatlantic deals, expertise and coverage.
The collaboration between the two entities is exclusive and will operate under the common brand of DA Davidson MCF International. DA Davidson and MCF Corporate Finance
Global private equity firm HIG Capital (HIG) has closed the sale of Pet Food Holdings, the parent company of Pro-Pet LLC, to Cargill, Inc.
Formed in 1996 and headquartered in Kansas City, KS, Pro-Pet specialises in the manufacturing of premium and super-premium, private label dry dog and cat food for distribution domestically and around the world. The Company maintains relationships with several leading retailers that are interested in a high quality, secure source for private label pet food, most often sold under brand names owned by the retailers.
“During the course of our involvement, Pro-Pet has invested significant capital
East Kilbride-based SHE Software has secured a GBP3 million growth capital investment from NVM Private Equity (NVM) as it prepares to enter international markets with its health and safety software and create over 50 new jobs by the end of 2018.
SHE Software will use the funding to open up 15 highly skilled jobs in a new office in the US and has ambitious plans to double the size of its development and support teams at its Scotland HQ, where it currently employs 60 staff.
Led by CEO Matthew Elson, SHE Software is the creator of Assure, a software
Private equity firm Apposite Capital’s domiciliary care and complex provider, MC Care Holdings (owners of MiHomecare and Complete Care), has acquired certain strategic assets from Ark Home Healthcare Limited.
The acquisition will accelerate the growth of MC Care Holdings, expanding its complex home care services to adjacent geographies and further adding to its existing domiciliary care services. Financial details are not disclosed.
MC Care Holdings was created in March 2017 following the acquisition of the healthcare divisions from Mitie Group by Apposite Capital.
Narinder Singh, CEO of MC Care Holdings, said: “We are delighted to have acquired some
Offshore law firm Carey Olsen has advised SoftBank Group Corporation and its Vision Fund on the USD865 million investment into Katerra, the construction technology startup.
With market valuations continuing to rise, in the mid-market as well as large-cap space, it is essential that private equity groups have the required model in place to drive operational excellence in their investments.
This was a topic discussed in detail at last month’s International Private Equity Markets event (https://www.ipem-market.com) in Cannes.
Some PE managers choose to have operating partners, some do not, while others have highly developed networks of external consultants or advisors to help generate value creation. Ultimately, how a PE manager decides to transform a business it acquires depends on many different variables. Etienne Colas,
Copenhagen based Nordic media intelligence company, Infomedia, has acquired Norwegian Opoint Technology from M-brain.
The transfer includes Opoint’s leading global web-crawling technology for online media, the business of web-crawling services for +70 international media monitors and key personnel in Oslo and Chennai.
Over the last couple of years, Infomedia had begun a journey towards becoming a Nordic player. The company invested heavily in new technology, data science, insight products and services and new partnerships.
“We transformed Infomedia from a ‘traditional’ media monitor to becoming a full-scale media intelligence company with strong insights capabilities and leading solutions
Nine lawyers from Carey Olsen’s Caribbean region have been recognised in the 2018 Chambers Global Rankings, including lawyers from Carey Olsen Bermuda (in association with Carey Olsen), which was established earlier this month.
Carey Olsen’s Cayman Islands team was promoted in the corporate and finance category of the rankings, while office managing partner Jarrod Farley is featured as a notable practitioner for his work on investment funds. Described by various sources as ‘super-bright and super-efficient’, his ability to handle the most complex of matters and his particular expertise acting on Israel-related matters was also highlighted, with onshore counsel regarding him
Capnamic Ventures, an early-stage tech venture capitalist firm based in Berlin and Cologne, has expanded its investment team with the appointment of Christian Knott as a Partner.
Also joining the team are Sebastian Schüller, as an Investment Manager, and Frederik von Bossel, as an Analyst.
Knott joined Capnamic Ventures in 2014 as an Analyst. Previously, he was responsible for over 80 portfolio companies at HTGF (High-Tech Gründerfonds) in Bonn as an Investment Controller. Christian studied International Business Administration at the Cologne Business School. Later he successfully completed his Master’s degree with a focus on entrepreneurship at HHL Leipzig.
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