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BNY Mellon Investment Management has completed the sale of investment boutique CenterSquare Investment Management to the private equity firm Lovell Minnick Partners and CenterSquare’s management team.
Originally announced on 20 September, 2017, the terms of the transaction have not been disclosed.
Todd Briddell, CEO and CIO of CenterSquare Investment Management, says: “We are excited about the next phase of CenterSquare’s evolution, as we continue to bring premier real estate and infrastructure strategies to the market while investing in the development and growth of our company. Lovell Minnick shares our vision for the future of CenterSquare and we are delighted to partner
Private equity firm ClearLight Partners has made a majority investment in Paul Fredrick, a designer and direct-to-consumer retailer of men’s apparel and related accessories. Terms of the transaction have not been disclosed.
Paul F Sacher, Founder of Paul Fredrick, says: “Over the years, we have remained true to our original mission – to offer high quality men’s dress and casual shirts at a great value. The management team and I are excited to have ClearLight support the Company as it enters its next phase of growth. Paul Fredrick will remain committed to providing great style at everyday prices, along with
Allegion, a global security products and solutions provider, has acquired Technical Glass Products (TGP) through one of its subsidiaries.
Established in 1980, TGP is a leading North American manufacturer of advanced fire-rated entrance and wall systems for institutions and non-residential buildings. Its product lines include fire-rated glass and frames for doors, entrances and wall systems – a natural extension of Allegion’s core product lines. TGP’s product brands include the FireLite family of fire-rated ceramic glass, Pilkington Pyrostop fire-rated wall panels, Fireframes family of fire-rated frames and others.
“Bringing TGP – with a leading market position, as well as a solid
Sadis & Goldberg has expanded its private equity, investment funds and corporate practices with the addition of partner Paul J Marino (pictured) who advises national and multinational hedge funds, private equity funds and corporations, ranging from telecommunications to technology companies, as well as commercial real estate investors and investment advisers.
Marino has considerable experience in the financial services industry, having organised and represented hedge funds, private equity funds and corporate entities in connection with various matters including corporate transactions and mergers and acquisitions.
“Sadis, like Marino Partners, focuses on superlative client service and excellent work product, and that quality, combined
By Mary Beth Hamilton – The new year is upon us so time for predictions, watch lists and resolutions. Here’s our take on some technology trends we see within our client base as well as buzzing across the industry.
Cloud Transformations: Hybrid Grows & Connections Matter
In 2017 hybrid cloud gained traction as companies embraced its ability to combine the benefits of dedicated private environments with on-demand public cloud resources and application sets. In 2018 we expect broader mainstream hybrid adoption for everything from application and infrastructure services to disaster recovery.
With hybrid cloud use increasing, the importance of
Aon, a professional services firm providing a broad range of risk, retirement and health solutions, has completed its acquisition of The Townsend Group (Townsend), majority owned by Colony NorthStar, Inc.
Townsend is a provider of global investment management and advisory services primarily focused on real estate and real assets.
“We are excited to welcome the Townsend organisation into Aon and further enhance our investment solutions in areas that are of increasing importance to our clients,” says Cary Grace, chief executive officer of Global Retirement & Investment Solutions at Aon. “Working together, our combined teams will continue to expand our
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
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