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Certain Fortress Investment Group managed funds and accounts have acquired a limited partner interest in Red Rocks Energy Partners to own and develop oil and gas assets in over 7,200 acres in the SCOOP play in Grady, McClain and Garvin Counties, Oklahoma.
Over the last five years, funds within Fortress’ credit business have invested over USD1.5 billion in both debt and equity across the power, renewables, midstream and upstream energy sectors, focused on opportunistic asset level investments.
The transaction is the second significant equity investment in exploration and production since the commodity price downturn, following Fortress Credit’s USD350 million
Grant Thornton ABAX Investment Services, based in Luxembourg, has selected PFS‐PAXUS for the administration of its funds services.
Carlo Reding (pictured), partner of Grant Thornton ABAX Investment Services, says: “After a thorough evaluation process we identified that PFS‐PAXUS was going to be a great fit for our business. The breadth of functionality available within the system is very extensive and will put us in an ideal position to administer almost any fund structure that we might be presented with.”
Incorporated in 2009, Grant Thornton ABAX Investment Services is regulated by the CSSF and provides services such as transfer agent,
ReferWell, creator of an online platform for medical generalist-to-specialist patient referrals, has complete a private equity financing round led by Manhattan-based Health Catalyst Capital Management (HCCM).
The growth capital will be used to ramp up sales activity and to expand the feature set of the ReferWell platform.
The company’s Software-as-a-Service (SaaS) platform is already servicing thousands of medical offices in New York City to send and receive referrals. The ReferWell platform enables administrative staff in primary care physicians' offices to immediately schedule patients with specialist-care providers that participate in the patient's insurance, perform the needed procedure, and are available
Antares Capital is serving as administrative agent, joint lead arranger and joint bookrunner of senior secured credit facilities to support the acquisition of Advanced Instruments by Windjammer Capital Investors.
Founded in 1955 and headquartered in Norwood, MA, Advanced Instruments specialises in laboratory instrumentation.
“We are pleased to have Antares lead the financing for our investment in Advanced Instruments,” says Daniel Lee, vice president for Windjammer Capital. “They worked quickly and diligently through approvals and made a sizeable commitment to support the transaction.”
“Advanced Instruments is a long standing market leader and an innovator of high quality laboratory equipment,”
LeapFrog Investments, a private equity investor in emerging markets, has made a partial exit from IFMR Capital, a provider of capital market access to financial institutions that serve low-income consumers.
The exit is part of a wider deal in which Eight Roads Ventures, the proprietary investment arm of Fidelity International, will be investing up to USD25 million in the company.
LeapFrog will continue as the largest independent shareholder, actively adding value to IFMR Capital’s business. LeapFrog’s profit-with-purpose partnership with IFMR Capital so far has seen the business increase its reach across India to over 29 million underserved people, a
Foresight Group has invested GBP3 million into Manchester-based Utilities Design & Planning (UDP) from the Foresight Regional Investment Fund.
UDP, a provider of civil engineering and traffic management services, offers inspections, planning works and project management of utilities, sewer connections and highways and rail projects.
The investment will allow the continued expansion of the business throughout adjacent geographies and the ability to capitalise on the significant infrastructure investment in the North West.
UDP was established in 1996 in Salford, Greater Manchester by the current directors David Hilton and Noel Gallagher who will remain with the business as part
Corporate debt specialist Muzinich is launching two funds to be managed by the loans team who recently joined from ECM Asset Management (ECM), a Wells Fargo Asset Management company.
Muzinich announced in the summer that it had hired Torben Ronberg, Stuart Fuller, Sam McGairl and Alex Woolrich, who managed the sub-investment-grade business at ECM.
Ronberg and his team, who took up their posts this week, will now prioritise the launch of a new European senior secured loans vehicle, the Muzinich European Loans Fund.
They are also putting the foundations in place for the launch of a multi-asset vehicle,
Corporate advisory firm Clearwater International has appointed Michael Loudon as a director in its Manchester office.
Loudon has over 10 years' experience in M&A, having acted for a broad range of companies and financial investors.
Loudon has joined the firm from Gleacher Shacklock in London.
Clearwater International’s UK team has completed over 10 per cent more deals in 2016 than in the same period in 2015.
Michael Reeves, managing partner, Clearwater International, says: “We are very pleased to be strengthening our North West presence with the arrival of Michael and are excited about the opportunities that this
Private equity fund manager YFM Equity Partners, alongside private co-investors, has backed the management buyout (MBO) of Ferrabyrne.
YFM's funding includes the second investment from its new YFMEP 2016 Fund, which held a first close in June.
Ferrabyrne designs, develops, manufactures and services systems and components, including rubber and metal for global customers in the rail, commercial vehicle and energy generation industries. Its key products include suspension components for passenger and freight rail vehicles and heavy-duty trucks, as well as components for wind turbines.
Ferrabyrne has 73 employees working at its headquarters in Littlehampton and across the globe.
Jay Bhatt has joined private equity firm Thomas H Lee Partners (THL) as a managing director in THL’s media, information services and technology group.
Bhatt has over 20 years of operating experience in senior leadership positions across the technology sector.
Most recently he was president and CEO of Blackboard, where he was responsible for driving significant sales and EBITDA growth through a strong focus on strategic and operational investments and efficiencies. He spearheaded an upgrade of Blackboard’s technology platform, expanded Blackboard’s international business by 50 per cent, and drove an acquisition approach of domestic and internationally based businesses.
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