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Real estate investment trust The GEO Group is to acquire Community Education Centers (CEC), a private provider of rehabilitative services for offenders in re-entry and in-prison treatment facilities as well as management services for county, state and federal correctional and detention facilities.
GEO will acquire CEC for USD360 million in an all cash transaction, excluding transaction related expenses.
GEO will not assume any debt as a result of the transaction. GEO plans to integrate CEC into GEO’s existing business units of GEO Corrections & Detention and GEO Care.
Founded in 1996, CEC is a national provider of rehabilitative
Monroe Capital has acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support private equity sponsor HIG Growth Partners’ investment in AdTheorent, in partnership with its founding management team and existing investors.
Based in New York City, AdTheorent is a rapidly growing digital advertising solutions and service provider that leverages its proprietary machine learning technology and cross-environment identity mapping to connect advertisers with their target audiences at scale.
The company’s predictive technology platform uses Big Data, adaptive models, and device and environment mapping to identify the audiences that are most likely
New Heritage Capital, a Boston-based private equity investment firm specialising in founder-owned businesses, has invested in Continental Services, a diversified food-service provider serving corporate clients in Michigan.
The transaction will be structured using Heritage’s Private IPO solution.
Continental’s current management team and founder, Jim Bardy, will continue to control day-to-day operations and direct the company’s vision.
Continental provides its customers with a wide range of services, including corporate café, grab-and-go market, vending, office coffee, and special event offerings. It currently serves over 700 companies.
“We have found true partners in New Heritage who believe in Continental’s mission and
Legal firm Gilson Gray has doubled the capacity of its centrally located Edinburgh office after rapid growth in its first three years.
Gilson Gray, based at 29 Rutland Square in the heart of Edinburgh’s financial district, has expanded into the neighbouring four storey building at 25 Rutland Square, increasing its capital operations by more than 5,000 square foot.
Following on the back of the 3,500 square foot expansion of its Glasgow office in 2016, the move will enable the full service firm to cater for further additions to its team.
High profile acquisitions, which include the recruitment of
Ecrebo, a retail point of sale marketing specialist, has secured a GBP12 million investment from Air Miles and Nectar founder Sir Keith Mills and former Warburg Pincus head of Europe, Joseph Schull.
The new funding will support increased investment in product and technology development for Ecrebo’s digital marketing platform, and will help to accelerate the retail technology specialist’s global expansion, with a particular focus on North America.
This will build on Ecrebo’s success to date in Europe, and entry into the American market in 2016. The funds will also be used to recruit new talent into Ecrebo’s growing team.
Post Oak Energy Capital, through investment partnerships it manages, has led a USD200 million equity commitment to Moriah Henry Partners.
Henry Energy and Moriah Energy Investments will co-invest alongside Post Oak.
Moriah Henry Partners is a Midland-based exploration and production company focused on the acquisition and development of oil and gas properties in the Midland Basin of West Texas.
The company is jointly managed by Henry and Moriah, which have a long history of collaboration and value creation in the upstream space, particularly in the Permian Basin.
The company will use proceeds from the investment to fund acquisitions
State Street Corporation’s GX Private Equity Index (PEI) saw an overall return of 3.8 per cent in the third quarter of 2016, with buyout, private debt and venture capital each posting positive returns.
“Following record years of exit activity in 2014 and 2015, private equity firms are cautiously putting money to work,” says Will Kinlaw, senior managing director and global head of State Street Associates, a division of State Street Global Exchange.
“Despite the second half of 2016 representing some of the lowest levels of private equity deal activity, we continue to be encouraged by positive and meaningful gains
Iceoplex Operating, an affiliate of Blackstreet Capital Holdings (BCH), has acquired substantially all of the assets of the Iceoplex at Southpointe sports complex.
The facility has one sheet of ice, one multi-purpose indoor sport court utilised for indoor soccer and other turf sports, a health club, outdoor volleyball courts and the BLVD Pub and Kitchen restaurant.
Iceoplex, located in Canonsburg, PA, is a year-round indoor one-sheet ice arena that is home to numerous youth hockey and figure skating clubs and was previously the training facility for the NHL’s Pittsburgh Penguins.
Iceoplex is the fourth ice arena purchased by
Latvian peer-to-peer lending platform TWINO has begun listing short term loans via its Spanish originator, allowing its investors to further diversify their investment portfolios.
Spain is the sixth country listed on TWINIO’s pan-European platform.
The Spanish short term loans will have a maximum duration of one month and will offer investors a return rate of 8 per cent per annum. The loans will be covered by TWINO’s BuyBack Guarantee, which protects investors from borrower default risk.
TWINO, which introduced its peer-to-peer lending platform in 2015, provides short-term unsecured consumer loans for private individuals across a number of European countries
Northern Trust, in collaboration with IBM and other key stakeholders, has launched the first commercial deployment of blockchain technology for the private equity market.
While private equity returns can be attractive, the infrastructure supporting private equity has seen little innovation in recent years at a time when investors are seeking greater transparency, security and efficiency.
To address this need, Northern Trust and IBM built a security-rich blockchain, or distributed ledger solution, based on the Hyperledger Fabric. It is available for use for managing the administration of a private equity fund managed by Unigestion, a Geneva, Switzerland-based asset manager with
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