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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
TA Associates has completed a majority investment in Professional Datasolutions, Inc (PDI), a provider of ERP software and services to the convenience retail and petroleum wholesale marketer industries. Financial terms of the transaction have not been disclosed
PDI’s enterprise resource planning (ERP) software solution and related services are designed to help convenience store retailers and wholesale petroleum marketers more effectively operate their businesses. The company’s core system, PDI/Enterprise, features multiple suites addressing a number of functional areas, including retail automation, supply chain management, business intelligence, financial reporting and workforce management. Serving large convenience store retail chains and wholesalers, PDI has
The Mosiewicz Family and Ambienta SGR are to sell SPIG to Babcock & Wilcox Enterprises. The transaction, which is subject to regulatory approvals, is expected to complete within the third quarter of 2016.
Babcock & Wilcox, a US company founded in 1867 by Stephen Wilcox and George Babcock, is a global leader in energy and environmental technologies and services for the power and industrial markets. The company, based in Charlotte in North Carolina, employs approximately 5,700 people around the world. During its 150 year-long history the company has been a leading innovator introducing, among others, the world’s first installed utility
OrbiMed, an investment firm focused on the healthcare sector, has closed its second Israel-focused venture capital fund, OrbiMed Israel Partners II, LP, with approximately USD307 million in capital commitments.
Investors in the Fund include several of the world’s largest healthcare companies, in addition to dozens of institutional investors and family offices.
Consistent with its predecessor fund, OrbiMed Israel Partners II will target all stages and sectors of the healthcare industry, with a focus on biopharmaceuticals, digital health, medical devices, and diagnostics companies in Israel. The fund is targeting to invest in approximately 20 portfolio companies. Where appropriate, Israel Partners II
Mid-market private equity firm LDC has backed the management buyout of CIPHR, a vendor of human capital management (HCM) software, to further develop its SaaS offering and expand its product range.
CIPHR, which is headquartered in Marlow, provides HR management software targeted at small and medium sized organisations (SMEs) with between 100 and 5,000 employees. Its cloud-based technology is designed to make human resource functions more efficient, spanning the employee lifecycle from talent attraction, recruitment and on-boarding, absence and core to learning and development, employee rewards and benefits.
The investment will enable the business to further drive sales effectiveness
Ares Capital Corporation and American Capital have signed a merger agreement whereby Ares Capital will acquire American Capital, excluding American Capital Mortgage Management.
The combined company would have on a pro forma basis more than USD13 billion of investments at fair value as of March 31, 2016. The Boards of Directors of both companies have unanimously approved the transaction.
Under the terms of the Ares transaction, American Capital shareholders will receive approximately USD3.43 billion in total cash and stock consideration or USD14.95 per fully diluted share. In a separate transaction, American Capital also announced today that it is selling American
BGF (Business Growth Fund), a provider of growth capital to small and mid-sized businesses, is celebrating celebrates five years of growth during which it has invested nearly GBP850 million in a diverse portfolio of more than 125 companies including manufacturers, retailers, technology providers, restaurants and more.
The milestone follows BGF’s strongest ever quarter; BGF invested over GBP100 million in the first three months of 2016 and is on course to pass GBP1 billion in committed investments later this year – a clear signal of the growing demand for this type of support among Britain’s entrepreneurial businesses.
The last five
Rail rolling stock leasing company Beacon Rail Leasing, a portfolio company of Pamplona Capital, is to purchase 13 sets of five-car intercity carriages which will be leased to TransPennine Express Limited (TPE), a FirstGroup plc company.
The carriages will be manufactured by Spanish manufacturer, Construcciones y Auxiliar de Ferrocarriles (“CAF”) and are currently scheduled to be placed into service in 2018. Beacon’s Class 68 diesel locomotives, which are leased to Direct Rail Services (DRS), will initially haul the carriages between Liverpool and Newcastle and will be sub-leased from DRS to TPE.
Beacon owns a diverse portfolio of freight and passenger
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