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Progressio SGR, a Milan-based Italian mid-market private equity investment specialist, has held the first close of Progressio Investimenti III with EUR86 million of total commitments and and over 50 per cent re ups from Fund II.
Fund III is targeting a fund size of EUR225 million, and Progressio expects to complete a final close by the end of Q2 2018.
Progressio will continue its strategy of investing EUR25m to EUR30m equity tickets in sectors of Italian “excellence”, especially in the fashion & luxury, chemical & pharmaceuticals, industrials and food & beverage.
Progressio Partners are delighted with the response in first
Brookfield Asset Management has held the final close on the Brookfield Infrastructure Debt Fund (BID) with aggregate equity commitments of approximately USD885 million, exceeding its target of USD700 million.
BID is Brookfield’s first investment vehicle focused on infrastructure debt, targeting mezzanine debt investments in high-quality core infrastructure assets primarily in North America, as well as in South America, Australia, and Europe.
Investors in the Fund are a diverse group of institutional investors, including public pension plans and financial institutions.
“We are grateful for the strong support we have received from our investors, whose contributions demonstrate that demand for infrastructure debt investing
LGIM Real Assets (Legal & General) has completed two rolling stock deals, providing more than GBP350 million of investment to further improving UK train services.
Having now completed four rolling stock deals, committing a total of more than GBP550 million of investment to date to the sector, these latest transactions form part of Legal & General’s continued commitment to increasing its exposure to transport infrastructure.
Legal & General is helping to finance a fleet of 665 Bombardier Aventra trains that will be leased to Abellio East Anglia franchise from 2019. The GBP183 million long term debt investment by LGIM Real
A total of 106 companies floated on the London Stock Exchange’s markets in 2017, raising GBP15 billion, an increase of 63 per cent by number of IPOs and up 164 per cent by value of IPOs compared to 2016.
London Stock Exchange has surpassed all European exchanges this year by number of IPOs and money raised, ranking second globally by money raised.
London’s IPOs have become even more international in 2017, with nine of the top ten IPOs by size coming from outside of the UK. Twenty North American companies chose London for their listing, with the UK markets remaining
Octopus Group (Octopus) has increased its total institutional assets under management (AUM) by over GBP500 million in 2017, the business announced today. Octopus’ institutional AUM is GBP1.7 billion and its total overall AUM is over GBP7 billion.
As investors increasingly turn their attention to the long-term benefits of real asset investments, Octopus has successfully raised capital across several of its key investment strategies. This includes raising funds to invest in renewable energy on the back of Octopus’ track-record as one of the largest renewable energy investors in the UK. The business also completed further fundraises in commercial property and healthcare
ThreeD Capital, a Canadian-based venture capital firm focused on investments in early stage companies with disruptive capabilities, has added Frank Dumas, President and CEO of St-Georges Eco-Mining Corp (CSE:SX) to its Advisory Board.
Dumas has over 15 years of experience in the financial industry, including consulting for foreign governments on international administration and strategic governance. He holds a Bachelor’s degree in International Relations and a Master’s degree in Public Administration. He was the Founder and President of 701 Mining, which exited to Argex Titanium in 2008.
Over the past couple of years at St-Georges Eco-Mining, Dumas has secured significant mineral
An affiliate of Sun European Partners has entered into exclusive negotiations to sell Albéa, a specialist in the BPC packaging industry, to Funds advised by PAI Partners (PAI). The proposed transaction is subject to customary regulatory approvals.
Albéa provides a wide range of solutions for the make-up, fragrance, skincare, personal and oral care markets. The company’s product portfolio includes plastic and laminate tubes, mascaras, lipsticks, lip glosses, compacts, plastic closures and shells, spray-caps, jars, lids, cosmetic accessories, bags & promotional items. Albéa boasts 38 manufacturing sites in Europe, Americas and Asia, with global headquarters based in Paris.
Albéa was
Nottingham-based healthy eating company Muscle Food is set for further international expansion after securing a GBP10 million investment from BGF. The funding will be used to establish a second base in Europe and develop the group’s online platform to drive further growth.
Set up in 2013 by CEO Darren Beale, Muscle Foods business sells premium lean meats, high-protein food and sports supplements. After attracting a loyal following of fitness enthusiasts, bodybuilders and athletes, the brand has been winning a broader customer base of health and cost-conscious eaters in the UK and Europe. Known as the ‘Muscle Food tribe’, fans include
Nippon Life Insurance Company, a Japanese private life insurance company, has completed its previously announced acquisition of a 24.75 per cent minority stake in TCW from The Carlyle Group (NASDAQ: CG).
As a result of the transaction, ownership in TCW by TCW management and employees increases to 44.07 per cent, and Carlyle maintains a 31.18 per cent interest in the firm through its long duration private equity fund, Carlyle Global Partners. Financial terms of the transaction were not disclosed.
“As we embark on this new phase of TCW’s evolution, I am very excited to do so with two partners who
SoftBank Group has completed its previously announced acquisition of Fortress Investment Group (Fortress) for USD3.3 billion in cash. Following the close of the transaction, SBG and its wholly-owned subsidiaries own all outstanding Fortress shares.
The completion follows the satisfaction of all conditions to the closing of the transaction, including approval of the transaction by Fortress shareholders on 12 July, 2017 and receipt of all necessary regulatory approvals.
As a result of the acquisition, each outstanding Fortress Class A share was converted into the right to receive USD8.08 per share in cash, with merger proceeds to be distributed in accordance with
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