Latest News
OpenGate Capital has reached the final closing for its first institutional private equity vehicle, exceeding its target of USD300 million.
OpenGate Capital Partners I and affiliated partnerships, closed on USD305 million in total commitments.
The firm has already completed four investments in the first half of 2016. It has signed an agreement for a fifth, due to close later in the year.
Andrew Nikou, founder, managing partner and CEO at OpenGate Capital, says: “I am incredibly proud of the hard work and commitment from everyone at OpenGate. The team stood their ground while we built this firm, had
- 19/07/2016
Sabinal Energy, an independent oil and natural gas company headquartered in The Woodlands, Texas, has received a USD300 million equity commitment from Kayne Private Energy Income Fund and members of the management team.
Sabinal is a private exploration and production company formed to pursue the acquisition and development of large, long-life producing oil and gas assets primarily in the Rockies, Mid-Continent and Texas where members of management have extensive operational and development experience.
Sabinal is led by president and CEO Bret Jameson. Jameson most recently served as chief operating officer for privately held and South Texas focused Lewis Energy,
- 19/07/2016
Pelican Energy Partners has closed its latest private equity fund, Pelican Energy Partners II, with total committed capital of USD210 million targeting investments in control buyout and growth investments in energy services and equipment companies.
According to founder and managing partner Mike Scott, Fund II continues Pelican’s successful strategy of investing in companies in the energy sector that have significant growth potential as well as resilience to industry cycles.
“Our investment track record resonated with investors,” says Scott. “Since starting Fund I in 2012 near the peak of the last cycle, we have been patient and disciplined in deploying
- 19/07/2016
An affiliate of middle market private equity firm Charlesbank Capital Partner is to acquire Polyconcept from Investcorp.
Equity for the transaction will be provided by Charlesbank and management, Partners Group and certain other investors.
Additional terms of the agreement have not been disclosed.
Polyconcept is a value-added supplier in the USD30 billion promotional products industry. Sourcing products from hundreds of manufacturers, the company then customises them on behalf of its 35,000 reseller customers and ships the products to end-consumers (typically businesses) located in the US, Europe and across the world.
Polyconcept offers one of the industry’s broadest assortments,
- 19/07/2016
Exiger, a regulatory and financial crime, risk and compliance firm, has acquired The Poseidon Group, a Hong Kong and Singapore-based due diligence and business intelligence firm.
With the addition of Poseidon into its growing portfolio of specialised due diligence and business intelligence solutions for global and regional banks, private equity groups, hedge funds, multinational corporations, foundations, and endowments, Exiger gains significant expertise and manpower in Hong Kong and Singapore, bolstering the firm's ability to service the needs of clients operating in the Asia Pacific region.
"Over the past 10 years, Velisarios Kattoulas and his team at Poseidon have developed
- 19/07/2016
- 19/07/2016
Hermed Capital Healthcare Fund, a fund partnership between Shanghai Fosun Pharmaceutical Group and SK Group, has made a strategic investment in DiaMedica.
The investment agreement will see Hermed Capital invest USD4.0 million for a total of 20 million common shares of the company at USD0.20 (approx. CND0.26) per common share in two tranches.
The 10 day volume-weight average price was CND0.26 on 13 July 2016. The first tranche will be USD1.0 million, while the second tranche of USD3.0 million is anticipated to close in August 2016.
The closing of each tranche is subject to customary closing conditions contained
- 19/07/2016
Japan’s SoftBank Group has reached agreement with UK-based ARM Holdings on the terms of a recommended all cash acquisition of the entire issued and to be issued share capital of the Cambridge-based microchip designer.
ARM products are used in most smartphones, including those from industry giants Apple and Samsung.
Under the terms of the acquisition, each ARM shareholder will be entitled to receive for each ARM share 1,700 pence in cash, which represents a premium of approximately 43.0 per cent to the closing price of 1,189 pence per ARM share, and approximately 42.9 per cent to the closing price
- 19/07/2016
Noerr has advised the Danish private equity investment company Axcel on several pan-European acquisitions of high tech suppliers to the meat-processing industry and the formation of a global industry market leader.
Axcel is investing in the companies SFK LEBLANC, Attec, ITEC and Carometec via the Axcel IV fund.
The companies acquired were bought from various seller groups in Germany and Denmark. They operate across Europe and are owner-managed, except for SKF LEBLANC. SKF LEBLANC has been owned to date by the investment companies Maj Invest and Nimbus.
Total turnover at all four companies is around EUR150 million.
- 19/07/2016
Blue Sky Venture Capital has participated in a USD10 million financing round in aCommerce, an e-commerce provider that helps global brands such as L’Oréal, Adidas and Nestlé set up an online retail presence in Southeast Asia.
MDI Ventures, an Indonesian venture capital fund by Telkom, and DKSH, a Switzerland-based company providing market expansion services for brands, were also part of the raise.
aCommerce provides end-to-end services for e-commerce clients, which include brands and retailers, looking to grow their online presence in Southeast Asia. The business provides services along the entire e-commerce journey, including marketing, customer service, channel management, warehousing,
- 19/07/2016
Pan-European mid-market private equity firm Agilitas has supported the management buyout of Exemplar Healthcare, a UK provider of residential nursing care for adults with acute physical and mental disabilities (PMD) and learning disabilities (LD).
Consideration on the transaction is not being disclosed.
The group, which is based in Rotherham, operates 25 high quality, purpose-built specialist nursing homes, providing more than 700 beds across Yorkshire, Humberside, the Midlands and the North West. It employs approximatly 2,100 staff and generated revenues of GBP55 million in the year ended 31 March 2016.
Exemplar has an experienced management team, which is led
- 19/07/2016
- 19/07/2016
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