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ECI Partners (ECI) and Livingbridge have sold their investment in Reed & Mackay to Inflexion generating a multiple of 3.4x cost to investors.
Reed & Mackay is a premium corporate travel management company delivering a personalised service through cutting edge technology. Its strategic travel management services focus on law firms, insurance companies, finance houses and the Energy Sector. More recently it has opened offices in Scotland, the US and the UAE. Reed & Mackay also provides an industry leading Event Management service. In the year to March 2016 Reed & Mackay handled nearly 600,000 client travel transactions.
Since ECI invested
HIG Capital (HIG) has sold a minority stake to Dyal Capital Partners III (Dyal), a permanent capital vehicle managed by Neuberger Berman. Dyal has acquired a passive non-voting stake, representing less than 15 per cent of the economic interests of the firm.
Proceeds will be primarily used to increase the firm’s investments in its own funds and to seed and fund a number of growth initiatives, in order to further capitalise on the firm's unique position in the small and mid-cap market.
Sami Mnaymneh and Tony Tamer, the Founders and Co-CEOs of HIG, says: "We are delighted to welcome Dyal
Private equity firm Arlington Capital Partners has successfully closed its latest fund, Arlington Capital Partners IV, with total capital commitments of USD700 million, the Fund’s hard cap, and in excess of its target of USD575 million.
The fundraise, which was significantly oversubscribed, successfully reached its final closing three months of its launch.
Fund IV received capital commitments from a globally diverse group of investors, including public pension funds, corporate pension funds, insurance companies, fund of funds, and foundations. The Fund will continue Arlington’s strategy of targeting high-growth government-related sectors including aerospace and defense, government services and technology, healthcare, and business
Norfund, FMO and Rabobank have entered into a partnership to reaffirm their long-term commitment to Africa’s future development, growth potential and the local financial sector.
The partners are committed to strengthen and develop effective, inclusive financial systems in Africa. It is also envisioned that Banco Montepio, a financial group based in Portugal with banking investments in Africa, will join the partnership in the near future.
The partners currently hold stakes in several financial service providers (FSPs) in Sub-Saharan Africa which they have agreed to pool together. The new company, to be named Arise, will start with a presence in over
An affiliate of private equity firm HIG Capital has completed an investment in the owner of the Buonvento shopping centre in Italy. The shopping centre comprises approximately 20,000 square meters and tenants include leading international and national retailers.
The asset, located in Benevento, is the leading shopping centre in its catchment area.
The transaction represents HIG’s 29th real estate investment in Europe since the start of 2013. HIG continues to add to its sizeable portfolio of Real Estate assets in Europe, consisting of both equity as well as debt investments, with a particular focus on its target market of value-added small/midcap
Preston Hollow Capital (PHC), an independent specialty finance company, has hired municipal finance industry professionals Curtis Erickson, Peter Bianchini and Richard Akulich to form PHC’s Capital Markets Group.
“This is an exciting milestone in establishing Preston Hollow Capital as a leading solution provider in municipal finance,” says Jim Thompson (pictured), PHC’s Chairman and CEO. “Curtis is one of the most respected professionals in the municipal capital markets, and he brings an accomplished and well-known team in Peter and Richard. When coupled with PHC’s recent increase in its permanent equity capital to USD625 million, our new Capital Markets Group will enable
YFM Equity Partners (YFM) and Maven Capital Partners (Maven), have backed the MBO of Indigo Telecom Group Limited (Indigo), acquiring the business from parent TTG-Global Limited.
YFM and Maven have invested in partnership to provide a GBP12 million funding package, including additional funds to support a buy and build strategy to scale and diversify the Indigo group. YFM's funding represents the first investment from its new YFMEP 2016 Fund, which held a first close in June.
South Wales based Indigo designs, installs and maintains telecom networks across the UK and Europe, enabling customers such as Vodafone, Sky and BT to
Private equity firm TA Associates has added to its investment team in the firm’s Boston and Menlo Park offices.
Michael Libert and Lee Mooney have rejoined the firm as Vice Presidents in Boston, while Sarah Wang has joined the firm as a Vice President in Menlo Park.
“We are excited to expand our investment team with the addition of Sarah and the return of Michael and Lee to TA Associates,” says Brian J Conway, Chairman and Managing Director at TA Associates. “We believe our firm has a strong, global network of talented professionals, and these individuals bring a depth of
NVM Private Equity (NVM) has exited from Arleigh International, a European supplier of static caravan accessories and spare parts to Nasdaq listed LKQ Corporation, a supplier of alternative and specialist parts to repair and accessorise cars and other vehicles.
The sale represents NVM’s fourth profitable exit from its portfolio in the past six months with a 4x money multiple and an Internal Rate of Return (IRR) of 24 per cent for NVM.
Nuneaton based Arleigh International has supplied spare parts and accessories to the UK caravan holiday home market since the late 1960’s. It expanded into the narrow boat supplies
City Pantry, the fast-growing office catering platform, has raised over GBP1.1 million to grow its London operation and expand to new cities.
City Pantry currently delivers more than 10,000 meals a week to offices in London, where its clients include Facebook, Buzzfeed and Deloitte. The service makes group ordering hassle free with meals to suit any event curated from London’s most exciting independent chefs, restaurants and street-food vendors.
Over the last 12 months, City Pantry has grown by 400 per cent and has recently opened larger offices in Shoreditch. This new round of funding will allow the company to target
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