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Waterland Private Equity Investments has closed Waterland Private Equity VI following a successful fund-raising after just three months in the market.
Carey Olsen advised the sixth fund for the Dutch private equity firm which has raised EUR1.55 billion in the short time frame. EUR1.25 billion sits within the fund (a Guernsey vehicle that invests into the Dutch fund) with the remaining EUR300 million in an overflow fund – also a Guernsey vehicle that invests into the Dutch overflow fund – that will be used when the principal vehicle reaches its concentration limits.
The Carey Olsen team of partner Ben Morgan,
BGF (Business Growth Fund) has passed GBP500 million in committed investments to entrepreneurial businesses across the length and breadth of the UK.
Of the GBP500 million, GBP250 million was committed in the last year alone – a clear signal of the growing demand for this type of support among Britain’s entrepreneurial businesses.
Set up to fill a funding gap for Britain’s growing smaller and medium sized businesses, since 2011 BGF has invested in a diverse portfolio of nearly 100 companies including manufacturers, retailers, technology providers, restaurants and more. The milestone coincides with BGF’s strongest ever quarter; BGF invested GBP71 million
North American institutions are planning long-term investments in foreign infrastructure and are pumping billions of pounds into Europe, according to a report from Armstrong International.
Based on a survey of 305 North American institutional investors in the first quarter 2015, it indicates that managing liabilities in a low interest rate environment is proving particularly tough. Now, in a search for yield, they are looking for fresh opportunities in foreign markets, increasing their allocations to private equity, real estate, infrastructure and, to a lesser extent, hedge funds.
With interest rates at historically low levels, US equities hitting record highs and a
ZIMT Partners portfolio company BFP Wholesale Limited [BFP], a UK national wholesaler of bakery ingredients, has appointed Bill Thurston as Chief Executive.
Thurston has over three decades of experience in the manufacturing and distribution sectors with a strong track record in achieving strategic business growth, margin and customer service improvement in mature and developing markets.
He joins BFP from the Alshaya Group, where he was Vice President of the Food Division. Previously he was Chief Executive of Langmead Farms, a salad and vegetable producing company, and Managing Director of Vion Food Group’s International Division for Fresh Meat with responsibility
Sterigenics International has closed a recapitalisation with an affiliate of Warburg Pincus and GTCR, which was announced in March 2015. Terms of the transaction have not been disclosed.
GTCR purchased Sterigenics in March 2011.
“We are incredibly energized to be partnering with Warburg Pincus and GTCR,” says Michael Mulhern, CEO, Sterigenics International LLC. “Their commitment enables Sterigenics to accelerate our growth, invest further capital to serve customers and build out our global scale.”
Sterigenics’ growth over the past several years has reinforced its global market-leading position in the contract sterilization services industry. In 2014, Sterigenics acquired Nordion, the world’s
KKR has formed a new joint venture with Monterra Energy to pursue investments in the midstream energy sector in Mexico.
Under the agreement, KKR is making an equity commitment to Monterra for the development of new projects and acquisition of midstream assets and businesses. Financial terms and details of the partnership have not been disclosed.
Monterra was founded in 2014 by Arturo Vivar and Michael A. Williams to pursue select investment opportunities in the midstream sector in Mexico. With offices in Houston, Texas and Mexico City, Monterra has a proven management team and highly experienced, local advisory board members with
Audax Group has partnered with management to acquire TPC Wire & Cable Corp (TPC) from Chicago based private equity group, Pfingsten Partners.
Headquartered in Macedonia, Ohio, TPC is a producer of high performance, ruggedised wire, cable, and connectors used in harsh industrial applications. Founded in 1978, TPC’s products serve a broad spectrum of industries including steel, utility, mining, automotive, food & beverage, government, oil & gas, nuclear, transportation and wood, pulp & paper markets. TPC’s products outperform and outlast ordinary cable and help reduce down time from lost production, replacement costs, maintenance, repair and administrative or regulatory challenges caused by
Abcodia has raised GBP5.25 million funding from existing and new investors to bring the world’s most sensitive and specific ovarian cancer screening test, ROCA to market.
The financing was co-led by Cambridge Innovation Capital (CIC) and Scottish Equity Partners (SEP), who join existing investors Albion Ventures and UCL Business. Dr Robert Tansley, from CIC and Jan Rutherford, from SEP have been appointed to Abcodia’s Board.
Dr Julie Barnes, Abcodia’s CEO, says: “The funding will allow Abcodia to launch the ROCA test in the UK this summer and US markets later in 2015. This is the first cancer screening test that
TorQuest Partners and its co-investors have completed the sale of their majority interest in Kissner Milling Company Limited to an investor group which includes Metalmark Capital, Demetree Salt, LLC. and Kissner's management team.
Terms of the transaction have not been disclosed.
Daniel Sonshine, a Partner at TorQuest Partners, says: "Kissner has proven itself as a leader in the de-icing market, and demonstrated an ability to generate strong cash flows through all market cycles. On behalf of TorQuest and our investors, we would like to thank Kissner's management team for their dedication to the Company and excellent work over our hold
Independent fund, corporate and private client service provider JTC has been granted an extension to its licence to offer an enhanced level of fund servicing capabilities in the UK.
The amendment to JTC’s permissions by the FinancialJTC Will Cameron Conduct Authority (a ‘Variation of Part 4A Permission’) means that JTC is now authorised to act as an operator of unregulated collective investment schemes (UCIS) in the UK.
As well as enabling JTC to establish, operate and wind up such schemes, the authorisation means it can also take on various oversight responsibilities including ensuring schemes comply with all regulatory requirements and
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