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Aquila Capital has increased its exposure to renewable energy in Scandinavia by agreeing a majority co-investment in Norway’s largest operational wind park, Midtfjellet. The project has an installed capacity of 110 MW and an extension permit of 40 MW.
The shares have been purchased from the Norwegian utility Energiselskapet Buskerud AS. The transaction underlines Aquila Capital’s strategy of acquiring renewable energy assets through cooperations with energy companies.
Midtfjellet has been connected to the grid since 2013 and contains 44 Nordex N 100 and N 90 turbines. The park is located near the coast in the south of the country approximately
Private equity firm Wellspring Capital Management's portfolio company ProAmpac has completed its previously announced acquisition of Coating Excellence International (CEI), a specialist in wide web extrusion coating and laminating of film, foil, paper, board and nonwovens.
Financial terms of the deal have not been disclosed.
ProAmpac, formed by Wellspring through the recent merger of Prolamina Corporation and Ampac Packaging LLC, is a global flexible packaging company operating primarily under the Prolamina, Ampac and Tulsack brands. Together, the brands offer multiple innovative solutions in flexible packaging for the food, pet care and medical markets, along with secure packaging for the transport
Dentsu Ventures Global Fund I, Dentsu Inc’s corporate venture capital fund, has made it first investment in Cue Inc, a US technology company that created Cue, an at-home device for tracking health information at the molecular level.
Dentsu Ventures was established in April of this year with the objectives of investing in ambitious start-up companies that will create an as yet unseen future and furthering open innovation across the Dentsu Group through collaboration with investees. In addition to funding, Dentsu Ventures will support businesses and entrepreneurs by providing problem-solving solutions and resources that are unique to the Group. Cue Inc.
Annual global M&A volume surpassed USD5 trillion for the first time ever in 2015, according to data released by Dealogic.
This record-setting volume breaks the previous record of USD4.6 trillion set in 2007, by 9 per cent. There were 10 USD50 billion+ M&A transactions announced in 2015 worth a combined USD798.9 billion. That's five deals more than the previous record high activity set in 1998, 1999, and 2014. US targeted M&A (USD2.5tr) accounts for half of 2015 volume and seven of the top 10 transactions.
Healthcare (USD723.7 billion) and Technology (USD713.1 billion) were the leading sectors. The biggest deals announced
Graphite Capital has sold its fund investment business Graphite Enterprise Trust (GET), an investment company investing in private equity funds and private companies, to Intermediate Capital Group (ICG).
Graphite established GET in 1981, raising GBP23 million through a listing on the London Stock Exchange.
Over the past decade, GET’s focus has expanded from investing primarily in Graphite Capital’s own funds to include a wide range of other private equity funds, both in the UK and internationally, principally in Europe. ICG’s global scale and wide range of investment strategies will help grow GET to its next stage of development. The
Funds associated with private equity firm Providence are to acquire Biteì Finance International (Bite) from Mid Europa Partners for an undisclosed price. The transaction is expected to complete in the first quarter of 2016.
Bite controls a leading mobile operator in the Baltic countries (No2 in Lithuania and No3 in Latvia) that is focused on meeting growing demand in the region for a high quality network experience and providing excellent customer service. The Group offers a wide range of mobile services, internet access and data services for business and residential customers through its nationwide coverage.
Michelle Capiod, Partner of
Legal & General Capital has invested in clean energy investment and asset management business, NTR Wind Management Ltd, a subsidiary of NTR, and committed to build an onshore wind portfolio through the first close of a fund targeting EUR250 million.
The fund will build up to 270MW in capacity, which could generate sufficient electricity to power up to 170,000 homes and avoid more than 300,000 tonnes of CO2 per annum across the UK and Ireland.
Legal & General’s clean energy investment strategy is focusing on wind and solar power in the short term. Latest innovations in technology mean investing
Wipro Ltd is to acquire Viteos Group, a BPaaS (Business Process as-a-Service) provider for the alternative investment management industry for USD130 million.
Wipro specialises in platform-led transformation and utility-based offerings in reconciliation, KYC, settlements, middle-office, asset servicing, syndicated loans and reference data solutions, with coverage across asset classes. These specialisations of Wipro are primarily on the sell-side of the industry and this acquisition will add similar capabilities on the buy-side.
Viteos was founded in 2003 and is headquartered in Somerset, New Jersey. The Viteos Group provides customised straight-through-processing and integrates post-trade operations across every asset class, currency, border or
TPG Growth has made a USD75 million investment in Precision for Medicine, Inc. Additional details of the transaction have not been disclosed.
Precision for Medicine is a specialty services company that supports pharmaceutical and life sciences companies through development and commercialisation. The Company helps its clients develop products, demonstrate economic value, validate outcomes and build differentiation within the healthcare marketplace. For TPG, Precision for Medicine marks the Firm’s latest addition to a growing list of investments in some of the healthcare industry’s most innovative companies.
“TPG Growth leverages unparalleled healthcare expertise from across the TPG platform to identify companies
Ridgewood Private Equity Partners (RPEP) has made an investment of approximately USD100 million in the Neptune Regional Transmission System (Neptune), a 65-mile submarine power transmission cable connecting New Jersey and Long Island.
Neptune has capacity of 660-Megawatt high-voltage direct-current that is fully contracted with the Long Island Power Authority (LIPA) under a long-term agreement. Since initiating operation in mid-2007, Neptune has provided, on average, approximately 20 per cent of the electricity for Long Island.
"The Neptune transmission line is a terrific energy-focused infrastructure asset that offers both current yield and attractive capital appreciation potential," says Ross Posner, who leads RPEP
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