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Juggernaut Capital Partners (JCP), a consumer and business services-focused private equity investor in the lower middle market, has held the final closing of Juggernaut Capital Partners III (JCP III), a USD380 million investment fund.
Similar to its two predecessor funds, JCP III will focus on investing in lower middle market companies primarily in the consumer and business services sectors. JCP III’s target amount was USD350 million.
“We appreciate our investors’ support and the trust they have placed in us to manage their beneficiaries’ capital,” says John Shulman, Juggernaut Capital Partners Founder and Managing Partner. “Our third fund marks a new
- 08/06/2016
Funds that are managed by JD Capital have completed the acquisition of a controlling interest in Modern Metal Precision Die Casting (Modern Metal) from the Fung family and EQT Greater China II. The terms of the transaction have not been disclosed.
Modern Metal is the market leader in high-pressure aluminium die-casting serving the global automotive, climate control, industrial automation and telecommunication industries. The Company offers comprehensive die-casting solutions including product and tool design, tooling fabrication, die-casting, precision CNC machining, surface finishing, and sub-assembly. The Company has long-term relationships with over 100 global customers spanning across the US, Europe and Asia.
- 07/06/2016
SMS Assist, a mobile and cloud-based multisite property management company, has raised USD150 million in Series D funding from Goldman Sachs Investment Partners. Prior investors in SMS Assist include Insight Venture Partners and Pritzker Group Venture Capital.
SMS Assist offers property owners a cloud-based technology platform and a network of more than 20,000 subcontracted affiliates and an estimated 500,000 technicians to address the maintenance and management needs in their 120,000-location portfolio. The company’s advanced technology platform integrates customer, subcontractor and SMS Assist operations, eliminating unnecessary steps in the maintenance workflow and allowing clients to reduce costs and improve service, quality
- 07/06/2016
Berenberg has further expanded its US presence by hiring James J Ramp as Head of Equity Capital Markets (ECM), to be based out of New York.
Ramp has over 20 years’ experience in ECM and Investment Banking, with prior experience as a Managing Director at BNY Convergex, Managing Director at Susquehanna International Group (SIG) where he led the Global Investment Banking Division, and senior roles at Cowen and Rothschild Inc.
Berenberg launched its US presence in Boston in 2011 to offer high quality research-based Pan-European equity products to US Institutional investors. Since commencing operations in the US, Berenberg has
- 07/06/2016
Aurelius has acquired Calumet International Ltd, a holding company comprising both pan-European multi-channel photography retailer Calumet Photographic (Calumet) and professional lighting producer Bowens Lighting (Bowens).
The company was bought from Calumet Holdings for an undisclosed sum.
Calumet Photographic is a multi-channel retailer of branded and own-label photography equipment and services with 17 locations across the UK, Germany, Belgium, and the Netherlands. Calumet’s expanding online business and pan-European network of specialist stores offer a premium purchasing experience across all channels to a diverse customer base of photography enthusiasts, professionals, and companies. Aurelius’ investment will allow Calumet to upgrade current locations,
- 07/06/2016
An affiliate of private equity firm Warburg Pincus is to acquire a majority stake in and provide funding for the future growth and development of inexio, a provider of fibre-based internet access services in Germany.
The total enterprise value of the transaction is approximately EUR250 million. Deutsche Beteiligungs AG (DBAG), an investor in inexio since 2013, is also participating in this capital increase.
inexio is a fast-growing service provider in the German telecommunication services market, providing fibre-based assess services to business and residential customers. The Company benefits from the growing demand for high speed access driven by increasing video consumption
- 07/06/2016
Twelve Capital Group was the anchor investor in Adriatic Slovenica’s note offering, providing the company with Solvency II compliant capital for a ten year period.
On 24 May 2016, the company placed EUR50 million in notes, maturing in May 2026. Twelve Capital Group acted as anchor investor and was then joined by additional investors. These notes, which comply with the requirements of the Solvency II directive are listed on the Irish Stock Exchange (on the GEM – Global Exchange Market). The proceeds will be used for strengthening the capital adequacy of the issuer and for purchasing KD Funds, which is
- 07/06/2016
Instana Inc has raised a USD6 million investment led by venture capital firm Target Partners with participation of Codecentric, a German IT consulting firm.
Instana is tackling the problem of monitoring and managing the increasingly complex big data and microservices architectures; humans can no longer monitor these systems by simply collecting data and building “dashboards”. Through auto-discovering the application’s technologies and topology, Instana is able to deliver unprecedented clarity into the health and performance of these modern architectures. The startup pairs its own ever increasing knowledge base with a machine learning approach to predict future performance degradation or downtime, identify
- 07/06/2016
- 07/06/2016
Jenner & Block has appointed corporate lawyer Kyle Gann as a partner in the firm’s Chicago office. Gann will be a member of the Private Equity and Mergers and Acquisitions Practices.
With a decade of corporate transactional experience representing both premier private equity groups and public companies in a broad range of matters, he will provide additional bench strength to the firm's growing Corporate Department.
Gann's practice includes counselling his clients on a variety of corporate matters, including mergers and acquisitions, leveraged buyouts, joint ventures, divestitures and general corporate matters. His experience crosses a wide array of asset classes,
- 07/06/2016
An affiliate of Moorgate Capital Partners has partnered with management to acquire substantially all of the assets of ITC Service Group (ITC) from its founding shareholders.
ITC is a leading provider of planning, design, installation and maintenance services to the telecommunications and IT industries. Most recently, the company has been focused on designing, installing, maintaining and providing operational management services for fiber–to-the-home networks, an area that is expected to grow dramatically over the next several years as major industry participants deploy significant capital to build and upgrade networks. ITC currently employs approximately 700 people across the United States.
Tim Sauer,
- 07/06/2016
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