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Antares Capital is serving as administrative agent and joint lead arranger on a new USD58 million senior secured credit facility to support the acquisition of Travelpro Group Holdings Inc by MidOcean Partners.
Headquartered in Boca Raton, Florida, Travelpro is a leading designer and marketer of high quality luggage under the Travelpro and Atlantic brand names and the leading licensed luggage, bag and travel accessory provider to the Canadian market through its sister company Holiday.
“The Antares team understands our strategy and executed this transaction with speed and certainty,” says Daniel Penn, managing director for MidOcean Partners. “We appreciate the supportive
Avista Pharma Solutions, a portfolio company of private equity firm Ampersand Capital Partners, has initiated a significant expansion and enhancement of its contract testing facility in Agawam, Massachusetts.
This facility offers Microbiology and Analytical Chemistry testing services as well as Cleanroom services (supporting environmental monitoring, qualification and certification) and has been dedicated to providing these best-in-class services to the pharmaceutical and medical device industries for over 25 years.
Expansion of the 26,000 sq ft facility includes a new microbiology laboratory equipped with isolator technology for sterility testing and expansion of the analytical footprint along with a laboratory support area with
March Capital Partners, founded by Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery, has held the final close of its first fund, totalling USD240 million in commitments.
The new Southern California fund has a global focus and is the largest first-time venture fund to launch in the region. March Capital invests in both early and late-stage companies across multiple technology sectors, focusing in large part on the infrastructure behind today’s consumer and mobile services. The firm has already invested more than $100 million in over 15 companies globally, and will continue to partner with top entrepreneurs worldwide to build
Mid-market private equity firm LDC has backed the management buyout of Hull-based Giacom World Networks (Giacom), a cloud IT and communications solutions provider, for an undisclosed sum.
The business has experienced very rapid growth over the last three years as micro SMEs have taken advantage of the ongoing trend to move their software and IT solutions from on-premise to the cloud, to realise efficiency and cost savings. The transaction will enable the business to accelerate its growth through increased investment in its proprietary platform, the integration of additional cloud products and to expand its service provider network.
Founded by
The British Business Bank has published its second annual Equity Tracker Report, which shows a 58 per cent increase in equity investments into UK smaller businesses in 2015 to a total value of GBP3.5 billion.
The report, which was produced in partnership with Beauhurst, highlights the continued growth of equity investment for UK smaller businesses, demonstrates significant regional disparities and shows the sectors that are thriving. Although the long-term trend in equity investment is positive, there is evidence of softening in the market and the report suggests there is more work to do to ensure that the UK’s smaller businesses
Investec Growth & Acquisition Finance and Barclays have supported the Carlyle-backed, Nationwide Accident Repair Services in its acquisition of DWS Automotive Repair Solutions Ltd.
Established in 1982, DWS operates a chain of 17 repair centres providing accident repair and accident management services to motor insurers, fleet operators, dealer groups and motor manufacturers, predominantly around the M25.
The acquisition builds on Investec’s existing relationship with Carlyle and Nationwide. In March, Investec and Barclays provided acquisition and revolving credit facilities to support the firm’s strategy to provide an enhanced service offering to its customers.
Nationwide is the leading provider of automotive
HeidelbergCement Caucasus (HC Caucasus), Georgian Co-Investment Fund (GCF) and Hunnewell Partners (Hunnewell) have agreed a USD120 million joint investment project to upgrade HeidelbergCement’s existing cement and concrete facilities in Georgia.
The final closing of the agreement is scheduled for June 2016. Aside from the financial contribution, the partnership will enable HC Caucasus to capitalise on GCF’s portfolio of cement-intensive projects and Hunnewell’s expertise in primary construction materials.
USD100 million will be spent on a new cement production line in Kaspi using the dry process that will push down production costs substantially. The main work will begin in July 2016
Fircroft has strengthened its position in the mining, minerals and natural resources industries with the acquisition of Australian-based One Key Resources.
Established in 2011, One Key Resources is a specialist provider of workforce solutions to the mining industry and has become a market leader in the Asia-Pacific region.
The latest acquisition strengthens Fircroft’s portfolio of operations and provides the Group with greater access to the Asia-Pacific markets. Fircroft was backed by independent investment firm Equistone Partners Europe in 2012 in a deal worth £140m.
One Key joins Fircroft Group at a time of expansion following the the company’s
Investment advisory and placement firm for hedge and private equity funds Aqueduct Capital Group, has appointed Dr Pawan Chaturvedi as head of investments.
Chaturvedi joins Aqueduct from the UCLA Investment Company, where he was a senior investment director focused on all aspects of portfolio management and the private markets portfolio. Prior to UCLA, he was a partner at private markets advisor Altius Associates and a member of their executive management committee. His new role at Aqueduct will be working in collaboration with partners Tom Roupe, Frank Edwards and Steve Lessing.
Roupe, co-founder of Aqueduct, says: “Pawan is an extremely talented
Global energy and commodity price reporting agency Argus has agreed a strategic partnership with global growth equity firm General Atlantic. General Atlantic will acquire a majority stake in the business, enabling Argus to fuel its next phase of global expansion.
Argus executive chairman and publisher Adrian Binks, who has led the company for more than 30 years, will continue in the business and retain the majority of his significant shareholding in the new structure alongside General Atlantic. Employee shareholders will also be given the opportunity to reinvest, while the family of Argus’ founder will sell their shareholding.
Argus was
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