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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
KKR is to acquire PetVet Care Centers from Ontario Teachers’ Pension Plan, L Catterton, and other existing shareholders. Financial details of the transaction have not been disclosed.
PetVet provides a full spectrum of veterinary services ranging from preventative and primary care to emergency critical care and surgeries. PetVet works in partnership with over 600 board certified specialists and general veterinarians across its network of 125 locally branded hospitals in 22 states.
“PetVet partnered with Ontario Teachers’ because of its deep experience investing in multi-site healthcare platforms, and this transaction marks the next stage of our company’s evolution,” says Gino Volpacchio, Chairman
Affiliates of Dyal Capital Partners (Dyal), a division of Neuberger Berman, have made a strategic minority investment in Cerberus Business Finance (CBF), the middle-market lending platform of Cerberus Capital Management.
Mark Neporent, Chief Operating Officer of Cerberus Capital Management, says: “Dyal recognised the value and growth potential of our market-leading lending platform that we have built over the past 23 years. We look forward to continuing to grow and strengthen our US middle-market lending franchise in partnership with Dyal.”
As a result of this passive non-voting minority investment, there will be no changes in the day-to-day management or operation of
An affiliate of Sun Capital Partners is to sell Aclara Technologies (Aclara), a provider of smart infrastructure solutions for utilities, to Hubbell Power Systems in a deal worth USF1.1 billion.
Headquartered in St Louis, Aclara is a worldwide supplier of smart meters and other field devices, advanced metering infrastructure and software and services to more than 800 water, gas, and electric utilities. Aclara enables utilities to predict and respond to conditions, leverage their distribution networks effectively, and engage with their customers.
“We’re extremely proud that we were able to grow and transform Aclara by applying our deep experience in
GSO Diamond Portfolio Fund, a newly formed USD950 million investment fund sponsored by GSO Capital Partners (GSO), has closed on the previously announced acquisition of approximately USD2.4 billion in corporate loans and other credit investments from NewStar Financial (NewStar).
Immediately following the sale of these assets to the fund, NewStar was acquired by First Eagle Investment Management (First Eagle), a privately owned investment firm with USD116 billion in assets under management.
GSO believes this investment represents an attractive and unique opportunity for the Fund’s investors to gain access to GSO’s large and growing loan platform via a diversified and funded
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