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UK private equity house Maven Capital Partners (Maven) has exited its investment in SPS (EU) Holdings Limited (SPS), delivering a 3x return on funds invested in 2014.
This transaction is the second profitable exit for Maven investors in as many months, following the sale of Crawford Scientific for 4.7x the initial investment in October.
SPS is the UK’s largest provider of promotional merchandise, supplying over 2,000 independent distributors in the UK and Europe. The Company operates out of a 90,000ft 2 site in Blackpool with manufacturing, branding and storage facilities, with two additional sites in Oxfordshire and Derbyshire. SPS
HIG Growth Partners (HIG), a dedicated growth capital investment affiliate of HIG Capital, has completed a strategic investment in Carlton One Engagement (Carlton), a global technology company specialising in the development of SaaS based solutions for global engagement, sales incentive, loyalty and reward management.
The Company’s two business segments include Power2Motivate (P2M), a SaaS enterprise engagement software for motivating, measuring, and rewarding desired behaviour, and Global Reward Solutions (GRS), a global reward platform with over 600 suppliers across more than 180 countries and territories.
“We are very excited to partner with HIG, whose domain expertise, extensive global resource base
Institutional investors are increasingly turning to alternative assets to diversify portfolios as they navigate an environment characterised by low yields, geopolitical concerns and a growing set of investment risks, finds Allianz Global Investors, one of the world’s leading active investment managers, in its annual RiskMonitor survey.
Consisting of 755 institutional investors, representing USD34.2 trillion in AUM across North America, Europe and Asia-Pacific, the RiskMonitor survey found that seven out of 10 respondents said they now invest in alternative asset classes. Diversification is the No1 reason for these allocations, cited by nearly one-third (31 per cent) of investors – the most
Richard “Dickie” Hodges, Manager of the Nomura Global Dynamic Bond Fund, provides his view of the fixed income market environment over the coming months…
As we approach year end, we have increased hedging of our risk assets and interest rate exposures. Exposures remain to Financials, some of the holdings deeply subordinated and (in our view) protected by the necessity for the ECB to step in once more if there is further instability in the European financial system.
We still hold substantial allocations to both Portuguese bonds and Indian “masala” bonds, and we are concerned over the economic situation in Australia
Jean-Philippe Desmartin, Head of Responsible Investment at Edmond de Rothschild Asset Management, on what to expect from Emmanuel Macron at this week’s climate change summit in Paris…
The COP23 has set the tone. At the climate change summit in Paris on 12 December , Emmanuel Macon will want to make his voice heard even if Europe is currently showing no clear leadership. Last month in Bonn, the French President said the situation was so urgent that not dealing with it would mean facing up to serious financial challenges. One particularly alarming sign is that carbon emissions have started to rise
Fulcrum Asset Management (Fulcrum) has appointed Matthew Roberts as a Partner. He will be responsible for the creation of a new Alternatives Group that will invest in real assets and credit.
Matthew joins from Willis Towers Watson where he was a portfolio manager for the Towers Watson Partners Fund and related strategies amounting to USD10 billion. Prior to this he ran its multi-asset and multi-strategy hedge fund research teams.
Commenting on the appointment, Andrew Stevens, Fulcrum’s Chief Executive said: “Given our macro focus, clients are increasingly asking us for help with their real asset and credit allocations. These asset classes
UK lower mid-market investor, Tenzing, has appointed Rowena Murray to its investment team.
Murray joins Tenzing from Investec where she was a Director in the Investment Banking team. She joins the Tenzing team with immediate effect and will take responsibility for leading new investments and supporting the firm’s portfolio alongside Rob Jones and Mike Reynolds.
Following an early career as a corporate lawyer at a leading Australian law firm, Murray joined Investec, initially in Australia, then in 2005 in the UK. In her 13 years at the bank she provided strategic advice and led corporate transactions across a variety of
SK Capital, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, has signed a definitive agreement to acquire the Fire Safety and Oil Additives Businesses (‘the Company’) of Israel Chemicals (ICL) for approximately USD1 billion.
The transaction is expected to close in the first half of 2018, before which a new trade name will be selected and announced for the Company.
The Businesses, headquartered in St. Louis, Missouri, have global operations and are market leaders in each of their segments. The ICL Fire Safety business is a formulator and manufacturer of fire management chemicals. Its
Matt O’Connell, former GeoEye CEO, is joining Seraphim Capital as a Partner.
O’Connell is widely recognised as a leading authority on the commercialisation of geospatial data, having led GeoEye, a global provider of geospatial intelligence solutions as CEO for 12 years. During that time O’Connell increased the enterprise value from USD30 million to USD1.3 billion creating a global leader in high-resolution earth imagery and geospatial analysis which he subsequently sold to Digital Globe. In 2015/16 he also served as CEO of OneWeb, the start-up developing a 650 satellite constellation aiming to provide low-cost internet connectivity to billions of people around
LDC, the UK’s leading mid-market private equity investor, has backed the management buyout of Lakelovers, a provider of luxury holiday cottages in the Lake District. The deal value is undisclosed.
Founded in 1977, Lakelovers is a property management and lettings agency specialising in premium holiday cottages across the Lake District. Headquartered in Windermere, the business manages more than 500 holiday properties, providing an end-to-end property management service that includes marketing, maintenance and bookings support, alongside bespoke legal, financial and regulatory advice, through its network of high-street branches.
The management buyout was led by CEO Paul Liddell who has overseen
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