Latest News
The EQT VII Fund is to acquire AutoStore from Jakob Hatteland Holding AS and other minority owners.
AutoStore is an automated storage and retrieval system (ASRS) which uses robotics for collecting stored goods in a warehouse.
From the origin of the idea by Ingvar Hognaland in the Hatteland Group in the 1990s and delivery of the first commercialised system in 2005, AutoStore has experienced strong growth and is today a leading automated material handling solution.
AutoStore provides improvements in capacity, performance and cost and represents an optimal solution for meeting the growing demands for automated and efficient warehousing.
FS Investments’ business development company (BDC) direct lending platform committed approximately USD988 million in senior secured loans and other debt and equity financing to middle market companies in the third quarter of 2016, bringing its year-to-date total originations to more than USD2.2 billion.
New directly originated investments during the quarter were made in support of nine portfolio companies headquartered in seven US states.
“Our ability to customise financing solutions to a company’s specific needs delivers a unique value to those businesses and, ultimately, our investors,” says Michael C Forman, chairman and chief executive officer of FS Investments. “In several
Audax Private Equity has partnered with management to acquire Accent Food Services from Silver Oak Services Partners.
Terms of the transaction have not been disclosed.
Accent, headquartered in Austin, Texas, is a provider of customised fresh food, snacks, and refreshment services to businesses, educational institutions, and property management companies. Accent supplies customised offerings for on-site micro markets, vending machines, and coffee and refreshment services.
Geoffrey Rehnert, co-CEO of Audax, says: “Accent is a leader in the micro market, vending, and refreshment services industry. We look forward to working with Josh Rosenberg and the Accent team to continue building
Alpine Investors V SBIC, together with several co-investors, has invested in Light Wave Dental Management, a dental support organisation providing management services for top-tier dental practices in the eastern US.
The deal officially closed with the affiliation of six premier dental practices in Virginia.
Light Wave is creating a better alternative to traditional corporate dentistry for dentists approaching retirement and younger dentists in search of a better way to buy into a successful practice.
“We are honoured to be partnering with the fantastic dentists who founded and operate the industry-leading practices comprising Light Wave Dental,” says Graham Weaver,
NewStar Financial has closed the NewStar Berkeley Fund CLO, a USD505 million middle market collateralised loan obligation managed for qualified institutional investors.
The Berkeley Fund is the fourth credit fund sponsored by NewStar to co-invest in middle market commercial loans originated through its direct lending platform.
The Berkeley Fund is NewStar’s 21st securitisation since inception and third transaction completed in 2016. The notes offered through this CLO transaction are backed by a diversified portfolio of commercial loans originated and underwritten by NewStar for the benefit of investors.
Various classes of notes rated Aaa through Ba3 were placed, which represented
Milbank, Tweed, Hadley & McCloy has appointed Michael Bernhardt, a German private equity lawyer, as a partner in the firm’s corporate department in Frankfurt.
Bernhardt has over 15 years of experience. His practice is focused on corporate M&A and private equity, representing national and international corporations and sponsors on investments and cross-border transactions and he advises regularly on private equity transactions including public takeovers as well as public-to-privates, LBOs and MBOs.
"We are delighted that Michael Bernhardt will join the firm," says Scott A Edelman, chairman of Milbank. "His addition to the team is another strategic step in expanding
Arma Partners has acted as financial adviser to EQT on the sale of its portfolio company, Automic, to CA Technologies at an enterprise valuation of EUR600 million.
Automic is a provider of business automation software that helps enterprises improve productivity and drive agility by automating business processes and IT infrastructure regardless of architecture, complexity and location.
Headquartered in Vienna, Austria, with approximately 600 employees across Europe, North America and Asia, Automic serves a wide range of customers in the energy, financial services, healthcare, manufacturing, retail and telecommunications sectors.
With Automic, CA will add new cloud-enabled automation and orchestration
Allianz Global Investors (AllianzGI) is to add Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, to its private debt platform.
AllianzGI will acquire Sound Harbor’s assets for an undisclosed sum and the Sound Harbor team will join AllianzGI.
The Sound Harbor team will become part of the AllianzGI global investment platform, maintaining the integrity of its investment strategy, process and team while accessing insights and knowledge-sharing among colleagues across the platform.
Andreas Utermann (pictured), chief executive and global chief investment officer of AllianzGI, says: “Over the last five years, AllianzGI has
Central and Eastern Europe private equity fund Innova Capital has sold its 27 per cent stake in Wirtualna Polska Holding for PLN50 per share.
In 2014 the Innova Capital fund financed the acquisition of Wirtualna Polska from Orange Polska and its merger with the o2 Group.
The purpose of the PLN375 million transaction was to consolidate the e-market in Poland and introduce the group into the e-commerce market segment.
In just a dozen or so months the company underwent a dynamic integration process, strategy overhaul and rebranding. These initiatives gave an immediate boost to the financial performance: a
Watson Wheatley Financial Systems (WWFS) has implemented the iRecs reconciliation solution at online peer-to-peer SME business loan specialists ThinCats.
The new deal for WWFS marks the first time the iRecs platform has been used in a peer-to-peer lending environment.
Guy Whitaker, client money operations manager at ThinCats, says: “iRecs has become integral to our day-to-day operations and reporting of Client Money. As ThinCats continues to grow, the automation that iRecs provides ensures we have the capability to deal with significant increases in volumes, protect our clients’ money appropriately and meet our FCA CASS regulatory obligations.
“The WWFS support
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
