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Clearwater International UK has advised South Wales-based marine and energy engineering group Harris Pye, on its sale to oil and gas asset management services platform Joulon.
Joulon provides asset management for the energy industry through a portfolio of manufacturers and service providers. It is part of investment firm KKR’s USD6 billion (circa USD5.1 billion) Asia II Fund.
Harris Pye has been acquired to provide a project management platform for the Joulon Group.
The buyer is aiming to grow the company to three times its current size through investment, strategic acquisition and increasing market share in the marine, offshore
Quinbrook Infrastructure Partners (Quinbrook), a global investment manager specialising in lower carbon and renewable energy infrastructure assets, has expanded its UK reserve power project portfolio to a potential 140 Megawatts (MW) after acquiring a further three projects comprising 56 MW across three sites located in the West Midlands, Essex and Hampshire, England.
This latest investment builds on the recently announced Eider acquisition and expands Quinbrook’s distributed power platform in the UK to over USD100 million of proposed capital investment between now and the end of 2018.
The three reciprocating gas engine power projects were originally awarded 15-year Capacity Market Contracts in the December 2015 auction. Each
In an effort to streamline fundraising, increase clarity and improve the efficiency of capital formation, the Institutional Limited Partners Association (ILPA) has released a model subscription agreement (MSA) for private equity funds.
Developed by legal counsels representing the private equity industry, the modular, multi-jurisdictional document provides a balanced, off-the-shelf solution which can be easily customised to meet the needs of fund managers and their investors, saving significant time and cost. The ILPA MSA is available to the industry on the ILPA website.
“In speaking to private equity stakeholders about legal procedures in need of streamlining, the fund closing process was at
The Riverside Company has sold Kyjen (Outward Hound), a designer and distributor of interactive pet toys which promote mental and physical wellbeing of pets, in addition to pet accessories such as travel gear, games and life jackets.
Its products are sold under the Outward Hound, Petstages, Dublin Dog, Bionic and Nina Ottosson brands.
Riverside helped Outward Hound expand in a number of ways during its roughly four year hold, including investing in sales, marketing, and branding initiatives. Also key to the growth were the add-on acquisitions of Petstages, Dublin Dog, Bionic Pet Products and Zoo Active, which delivered new
By Mary Beth Hamilton – With 2018 around the corner many firms are locking down their budgets and looking for opportunities to run more efficiently. Technology is one area where savvy alternative investment firms can optimise their budgets to make room for new IT initiatives.
Here’s our list of five technology budget areas to evaluate.
Cloud Technology
Go Cloud. If you’re still running an on-premise IT environment it is time to evaluate a move to the cloud. Aside from shifting IT management responsibilities, you’ll gain access to cost predictability and the latest technology feature sets. Not to mention the real estate
Last July, the Securities Commission of The Bahamas (the Commission) embarked on a process to overhaul the Investment Funds Act. The Investment Funds Act 2003 was largely structured to be in line with the operations of fiduciary administrators and did not necessarily account for the appropriate regulation of the various roles within a fund structure.
Consequently, the SCB’s mission last summer was to address those gaps by asking two major law firms to develop draft legislation and update the Investment Funds Act that would help support institutional, as well as private wealth business.
“In launching the overhaul, it was important
Twin Brook Capital Partners, the middle-market direct lending subsidiary of Angelo, Gordon & Co, has committed over USD1 billion to private equity sponsors in support of healthcare sector transactions in the middle market. Since inception, Twin Brook has closed on 42 healthcare transactions.
Trevor Clark and Chris Williams, Co-Heads of Twin Brook, says: “We are thrilled to support our private equity sponsor clients investing in U.S. middle market healthcare companies. Deploying more than USD1 billion in the healthcare sector is a significant milestone and we look forward to putting more capital to work over the long-term.”
Faraaz Kamran, a
WorldQuant Ventures has made an investment in Sequentum, a web data extraction and web automation software development company.
WorldQuant Ventures’ investment will allow Sequentum to scale its business operations in the United States and expedite the launch of new technologies including a cloud version of “Content Grabber,” the company’s data extraction software.
“We believe that Sequentum’s Content Grabber technology is best in class and separates Sequentum from its competitors,” said Steven Lau, Managing Director of WorldQuant Ventures. “Our investment will drive the company’s growth as it reaches a critical inflection point in its development trajectory.” WorldQuant Ventures is joined
LSP has held the first and final closing at EUR280 million (USD 330 million) of its new medical technology fund, the LSP Health Economics Fund 2 (LSP HEF 2).
The fund was oversubscribed and exceeded both its target size and its original ‘hard cap’, making LSP HEF 2 the largest fund in Europe dedicated to medical technology. The investment strategy of LSP HEF 2 follows on from the first LSP Health Economics Fund, to fund innovation that has the potential to both improve the quality of patient care while also keeping healthcare costs under control, thus helping to make healthcare
Synopsys has completed its acquisition of Black Duck Software, a privately held leader in automated solutions for securing and managing open source software, in a deal worth USD547 million.
Software development is undergoing sweeping and rapid change, including the increasing use of open source software (OSS), which makes up 60 per cent or more of the code in today’s applications. While the use of open source code lowers development costs and speeds time to market, it has been accompanied by significant security and license-compliance challenges, because most organisations lack visibility into the OSS in use.
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