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Denver-based private equity firm Platte River Equity has acquired a majority interest in MFG Chemical with owner and founder, Charles E Gavin, III, maintaining a minority equity interest in the company.
Headquartered in Dalton, Georgia, MFG is a specialty chemical manufacturer of polymers, surfactants and esters used in various applications in the oil field, water treatment, mining, coatings and agricultural markets.
“For almost 40 years, MFG has leveraged its differentiated position in maleic anhydride and glacial acrylic acid to develop and manufacture new products in partnership with our customers to better serve their needs,” says Gavin.
“We remain
TPG Growth, a middle market and growth equity platform of global alternative asset firm TPG, is to acquire Discovery Midstream (Discovery), a Dallas-based provider of oil and natural gas gathering and natural gas processing services in the southern portion of Colorado’s Denver-Julesburg Basin.
Discovery’s current management team will continue to run the company post-transaction and is investing alongside TPG Growth in this transaction. Additional terms of the transaction were not disclosed.
Discovery’s assets are strategically located in Weld and Adams counties. The company is currently constructing more than 120 miles of pipeline and a 60 Mmcf/d natural gas processing
Wynnchurch Capital has completed an investment in Stampede Meat, a provider of portioned, marinated and cooked beef, chicken, and other protein products for restaurants, retail, home delivery and other channels.
Stampede was founded in 1995 and is headquartered in Bridgeview, Illinois.
“We are excited to partner with the management team of Stampede to continue the Company’s track record of superior customer service, safety, quality and innovation, and we look forward to supporting the Company’s growth plans,” says John Hatherly, Co-Managing Partner at Wynnchurch.
“Wynnchurch seeks to invest in customer-focused businesses that recognise their success is driven by meeting
Neuberger Berman has extended its range of alternative solutions with the launch of the Neuberger Berman Uncorrelated Strategies Fund. The UCITS Fund went live with USD71 million in seed capital from clients in the UK, Switzerland and Scandinavia.
The fund’s joint goals are to generate positive absolute returns and to focus on strategies expected to be uncorrelated to equities and fixed income, over a market cycle. The investment team, including portfolio manager, Fred Ingham, identifies differentiated strategies such as Global Macro, Equity Market Neutral, Short Term Trading and Trend Following, which have historically generated returns distinct from traditional asset classes as
White Oak Equity Partners (White Oak), a private equity investor focused on acquiring minority GP interests in hedge funds, has acquired stake in ROW Asset Management (ROW), a systematic quantitative global macro investment firm.
Terms of the transaction have not been disclosed.
The transaction and new partnership provides ROW, which has over USD800 million in assets under management, with additional financial flexibility to be more opportunistic as it seeks to grow its capabilities and assets. ROW will continue to be led by Ryan O’ Grady (pictured), co-founder and Chief Executive Officer, and Jeffrey Weiser, co-founder and President, who will
KL Outdoor-GSC, a New Water Capital portfolio company, has named Charles L “Chuck” Smith as its chief executive officer.
The company, believed to be the world’s largest manufacturer of paddle sports equipment, was created by the April 2017 merger of recreational products makers KL Outdoor and GSC/Future Beach.
New Water partner John Disa said Smith brings a rare combination of business and entrepreneurial experience that includes sales and market development, managing relationships with big-box retailers, and several years in the outdoor sports products industry. “Chuck has an impressive track record of increasing sales and expanding market share at several
View, a specialist in dynamic glass, has completed a financing round of over USD200 million, including a USD70 million investment from funds and accounts managed by BlackRock.
“We are delighted to be supported by BlackRock, who recognizes View’s potential to transform the real estate industry,” says View CEO Rao Mulpuri. “View is now installed across 20 million square feet of buildings and continues to experience tremendous growth across commercial offices, healthcare, education, multi-family residential, and airports. This investment enables us to scale our operations to meet rapidly growing demand.”
View enables building owners to improve people’s comfort and productivity
Prestige Capital Management Limited (PCM), the AIFMD-licensed Malta arm of the Prestige group of companies, has expanded its Malta-based operation with the appointment of Dario Inclimona as junior portfolio manager to its growing team.
Inclimona will be working alongside Jonathan Scott (pictured), who joined PCM as Chief Operations Officer in November 2016, and will be looking after day to day fund investment portfolio operations.
This is part of PCM’s increasing role as the day to day operations and reporting centre for the range of Prestige Funds.
Inclimona has a career in financial services spanning eight years, having worked
Ares Management has appointed Peter Higgins as a Partner and Portfolio Manager in the Ares Credit Group.
Higgins will be based in London and will help lead the expansion of Ares’ European leverage finance product offerings alongside the existing European Credit team. Higgins was most recently with BlueBay Asset Management, where he was Partner and Senior Portfolio Manager for its Global Leveraged Finance group. After graduating with a BA from Columbia University, he developed his global leveraged finance capabilities with positions in London and New York at Deutsche Bank, Goldman Sachs, Credit Suisse First Boston and Prudential Securities.
“Peter
The Institutional Limited Partners Association (ILPA) has released guidance regarding the use of subscription lines of credit facilities by private equity general partners (GPs).
In the document, ILPA outlines the risks and potential impact on limited partners (LPs) resulting from inadequate visibility into exposure to these credit lines. In response, the organisation recommends that LPs seek greater disclosures from their fund managers around the use of subscription lines, as well as greater clarity in the partnership agreements around parameters for their use.
“Many limited partners understand how lines of credit can be beneficial to the cash flows of GPs
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