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Alternative credit investment firm Crescent Capital Group’s European Specialty Lending strategy has provided a unitranche financing for the acquisition of Armitage Pet Care by Rutland Partners.
Armitage is the largest independent manufacturer and supplier of premium-branded pet treats and accessories in the UK. The business’s strong brand portfolio includes “GoodBoy”, a leading premium dog treats brand. From its manufacturing and distribution base in Colwick, near Nottingham, Armitage supplies over 2,000 products across the dog, cat, small domestic pet, bird and fish categories to a broad customer base including the major supermarkets and pet specialist retailers.
“Armitage is a leading
TrueCommerce, a global provider of trading partner connectivity and integration solutions, has acquired Datalliance, a provider of technology and services to support collaborative replenishment programs such as vendor managed inventory (VMI) and related business needs.
This addition complements the TrueCommerce portfolio of offerings by providing a strategic technology service that extends its commerce network into the collaborative replenishment, inventory management and demand forecasting markets.
Omni-channel enablement changed the traditional ordering process by requiring more visibility and collaboration. VMI aligns business objectives and streamlines supply chain operations for both suppliers and their supply chain partners. Trading partners focused on collaboration
CIFC, a US private debt investment manager specialising in US corporate and structured credit strategies, has entered into a strategic partnership with the Healthcare of Ontario Pension Plan (HOOPP) to form CIFC CLO Strategic Partners II, a new capitalised manager-owned affiliate of CIFC (CMOA II).
CMOA II intends to purchase the majority equity positions of CIFC’s future, new issue Collateralised Loan Obligations (CLOs) to comply with US and EU risk USD75 million. CIFC has issued a total of USD2.9 billion in new CLOs, making the Firm the largest issuer by assets this year. CMOA II is expected to support approximately
Goldman Sachs has joined Sagamore Development Company’s Port Covington redevelopment effort as an equity investor, committing USD233 million to the project, the largest single private equity investment made by the firm’s Urban Investment Group to date.
Port Covington is a 235-acre master-planned, mixed-use redevelopment project, with a prime location on the waterfront in Baltimore, and is expected to create thousands of new jobs, build new residential housing, attract new businesses, and provide new opportunities for Baltimore City residents and its workforce.
“This is tremendous news for Baltimore City and our workforce,” says Baltimore City Mayor Catherine Pugh. “Baltimore is
Monomoy Capital Partners (Monomoy), a New York private equity fund focused on constructive investing and business improvement in the middle market, has successfully completed the acquisition of West Marine, at a price of USD12.97 per share or a total of approximately USD337 million.
The transaction was originally announced on June 29, 2017, and West Marine’s stockholders approved the acquisition on 12 September, 2017.
West Marine is the largest specialty retailer of boating supplies and accessories in the United States, with 249 stores located in 37 states and Puerto Rico. The company carries more than 175,000 aftermarket products, ranging from
Senior offshore banking lawyer Simon Felton has joined Ogier’s top tier Banking and Finance team as a partner.
Felton (pictured), who has held managing partner roles in offices in New York and London, is known for his experience in leading international teams working on complex and ground-breaking structured finance transactions.
With a background in Jersey banking and finance law spanning 20 years Felton’s focus is on advising major investment banks on a wide range of capital markets, structured finance and securitisation transactions.
Felton says: “With its enviable strength across all areas of banking and finance and a blue-chip,
Yukon Partners, a provider of mezzanine capital for middle market private equity transactions, has made an investment in Practice Insight.
Practice Insight, headquartered in Houston, Texas, provides revenue cycle management and electronic data interchange solutions that help healthcare providers manage the reimbursement cycle. The Company’s suite of products enables healthcare practitioners to digitise, automate, and manage every stage of the revenue cycle workflow, reducing bad debt, shortening the collection cycle, and minimising the administrative support required to manage the reimbursement process. Practice Insight serves over 56,000 physicians across 150+ specialties nationwide through a network of reseller relationships.
“The Practice
Investors based in Australia & New Zealand allocate to alternative assets at a lower rate than the global average: 61 per cent of investors based in these countries allocate to at least one alternative asset class, compared to 78 per cent of investors globally.
However, just 40 per cent of investors in Australia & New Zealand allocate to private equity, 16 percentage points below the rate for global investors. Conversely, the proportions of investors based here that allocate to infrastructure and natural resources funds are 16 and 18 percentage points respectively above the global average.
This trend is mirrored
VisionsConnected and Viju have been acquired by Avedon Capital Partners and are being merged to create a global visual collaboration company specializing in designing, installing, servicing and supporting physical and virtual meeting room environments for global customers with strategic need for videoconferencing, collaboration and audiovisual solutions.
The combined company today already serves corporate and public customers in over 120 countries. It will have its official headquarter in Amsterdam, the Netherlands and will continue to serve their customers from multiple locations throughout EMEA, USA &APAC. A new brand, that reflects the evolution of these two reputable businesses into an integrated global
New Heritage Capital’s (Heritage) portfolio company Continental Services (Continental) has acquired Satellite Vending Company (Satellite), a provider of vending, micro-market and office coffee services in the Detroit market.
Satellite represents the first add-on acquisition for Continental, further strengthening its position as Michigan’s largest food services company.
Continental provides a wide range of custom dining, refreshment, and event services for more than 700 small and medium-sized businesses, blue-chip corporations, colleges, universities, business and industrial sites, and hospitals and medical centres. The Company’s custom-tailored services range from on-site corporate cafés, grab-and-go markets and traditional vending, to off-premise catering and event services.
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