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Avedon has sold German high precision miniature ball bearing company GRW Bearing (GRW) to US-based Kaman Corporation (NYSE:KAMN), with the deal expected to close by the end of November.
GRW specialises in the design and manufacturing of custom engineered high precision miniature ball bearing solutions. GRW has a comprehensive product offering of several thousand different variants that are designed to meet specific customer application requirements in the Healthcare, Aviation & Defence, Drive Systems & Analysis and Industrial & Distribution end-markets. With over 550 employees and two state-of-the-art production facilities in Rimpar, Germany and Prachatice, Czech Republic, GRW has a competitive
White Star Capital, a transatlantic Venture Capital fund with offices in London, New York and Montreal, has closed its first institutional fund with USD70 million in Limited Partner commitments.
White Star Capital will deploy between USD500,000 and USD5 million in initial investments into companies in North America and Western Europe.
This first institutional fund is primarily backed by sovereign and institutional funds supported by entrepreneurs and family offices from over 18 markets.
White Star was co-founded by Eric Martineau-Fortin, an experienced technology M&A banker, and Christian Hernandez Gallardo, a former Facebook executive. Jean-François Marcoux, the co-founder of gaming
NexusCrowd has launched a new real estate redevelopment project on its online investment platform, after partnering with Downing Street Realty Partners, a Toronto-based real estate investment manager and merchant bank.
Downing Street is the lead investor for the CAD12 million project, which includes three industrial properties in the Greater Toronto Area (GTA).
The partnership will allow NexusCrowd to post exclusive investment opportunities that Downing Street is leading onto the NexusCrowd platform. NexusCrowd is the first investment platform in Canada to provide accredited investors with exclusive access to co-invest alongside institutional investors in deals that have reached at least 50
Some 80 per cent of limited partners (LPs) have seen their co-investments outperforming private equity funds, with 46 per cent seeing their co-investments outperform by a margin of over 5 per cent, according to a survey by Preqin.
This level of performance is the biggest draw for investors, with two-thirds of LPs citing better returns as the biggest benefit of co-investing alongside GPs.
Co-investment opportunities from fund managers (GPs) are also becoming more common, with 87 per cent of them either currently offering, or considering offering, co-investment rights to their investors. Furthermore, 30 per cent of managers included co-investment
Cyber security software company Panaseer has successfully raised USD2.25 million through a syndicated seed investment round. The investors include Albion Ventures, Notion Capital, Winton Technology Ventures, C5 Holdings, and Elixirr.
Panaseer was founded in 2014 by Nik Whitfield and a team of cyber security experts from BAE Systems. It is one of a new wave of UK cyber security start-ups working with commercial enterprises and was selected to accompany Prime Minister David Cameron to Washington DC earlier this year as part of a cyber-security delegation. Panaseer has since signed its first New York based Financial Services client.
According to
Palatine Private Equity has promoted three members of the firm’s team.
Beth Houghton has been made Partner having played an instrumental role in achieving positive exits for family leisure business Playnation, as well as the sale of financial education provider Wealth at Work to Equistone in a GBP50 million buyout.
B Houghton eth, who has been with the firm for almost nine years, currently holds a non-executive position on the boards of MoneyPlus Group, icelolly.com, The Alchemist and Gusto. She has also spearheaded Palatine’s award-winning Environmental, Social and Governance (ESG) policies and has played a big part in improving
Private equity form HarbourVest Partners has elevated Nate Bishop, Carolina Espinal and Aris Hatch to Managing Director, and promoted eight other senior professionals worldwide.
“As a firm, we are extremely proud of the team we have in place. At every level, promotions reflect a clear and demonstrated commitment to our clients – to support their investment goals, protect and drive value, and further strengthen businesses across the globe,” says Peter Wilson, Managing Director. “The HarbourVest team today is as strong as ever and we are proud to be in a position to reward the excellence and significant professional contribution of
EQT Infrastructure is to sell Koole Terminals to institutional investors advised by JP Morgan Asset Management – Global Real Assets. The agreement is subject to the positive advice of the Company’s works council.
EQT Infrastructure acquired Koole Tanktransport in February 2011, followed by the acquisition of NOVA Terminals in October 2011. The integration of both companies formed Koole Terminals, an independent liquid bulk storage provider operating a portfolio of eight terminals in North-West Europe.
The Company operates around 2 million cubic metre with ~85 per cent of storage capacity being located in Rotterdam, the key trade flow hub in
Funds affiliated with Apollo Global Management are to acquire RegionalCare Hospital Partners, a portfolio company of Warburg Pincus.
RegionalCare is the owner and operator of eight market-leading, non-urban hospitals located in Alabama, Arizona, Connecticut, Iowa, Montana, Ohio, and Texas.
The transaction, which is conditioned on customary regulatory reviews and approvals, is expected to close by the end of 2015. Terms of the deal have not been disclosed.
“Healthcare is one of the largest and most dynamic sectors of the economy,” says Matthew Nord, a partner at Apollo. “We are excited to partner with Marty Rash and the RegionalCare
US alternative investment managers (IMs) continue to operate with elevated levels of uncalled investment capital, or dry powder, at a time when credit markets remain competitive and valuations are high, according to a special report by Fitch Ratings.
'With more capital chasing fewer deals, significant fund underperformance is possible if competition drives prices up further,' says Meghan Neenan, Senior Director, Financial Institution at Fitch Ratings. 'Outsized vintage concentrations and a lack of distressed investing opportunities, a traditional area of investment for alternative IMs, could potentially exacerbate this issue.'
Dry powder for the firms in Fitch's review totalled USD254.4 billion
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