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A group of investors led by Lakewood Capital and including existing management has acquired Vacuum Systems International, Inc. through a newly formed entity, VSI International (VSI).
Founded in 1994, VSI is a unique value added provider of cost saving and sustainable equipment remanufacturing and fleet rotational programs utilised by large multi-location concerns. The Company manages commercial vacuum cleaners and steamers used in 72,000 facilities, and has the capability of servicing nearly every major brand of commercial vacuum cleaner in the world.
Diana Richards, founder of Vacuum Systems, says: "Partnering with Lakewood will provide our management and employees with the
Asset management firm Victory Park Capital (VPC) is strengthening its capabilities in the asset liquidation industry through an investment in Yellen Partners, an asset liquidation company.
VPC plans to combine Yellen Partners with existing portfolio company Reich Brothers Holdings, which focuses on capital and surplus asset solutions. The expanded platform will be renamed YR Holdings, LLC (YR Holdings), and will grow VPC’s presence in the sector by diversifying the company’s service offerings into retail and inventory, in-house appraisal and auction capabilities, and expanding its capabilities in industrial, manufacturing and healthcare asset liquidations.
YR Holdings, through its wholly-owned subsidiaries, Reich Bros
Private equity firm Solis Capital Partners (Solis) has partnered with venture capital firm Innovate Partners to acquire an equity interest in Lindora, a provider of medically supervised weight loss and weight management programs.
Founded by Dr Marshall Stamper in 1971, Lindora has more than 40 years of success providing comprehensive and personalized medical weight loss and weight maintenance programs to clients across North America. Its success is accomplished through its online programs and clinic locations across California using a combination of medically guided diet, moderate exercise and coaching.
"Lindora has a longstanding track record of using its proven, medically supervised,
In an extract from the recently released 2015 Preqin Global Private Equity & Venture Capital Report, we analyze the results of Preqin’s latest survey of private equity and venture capital fund managers in order to gauge their concerns, views and plans for the year ahead.
Key Issues
Fundraising, valuations, performance, exits, and ongoing volatility and uncertainty in global markets were all highlighted by significant proportions of respondents as some of the biggest challenges facing the private equity and venture capital industry in the year ahead. However, significant variation exists between firms with differing strategies. Surveyed buyout firms felt that
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has been named as an Elite Services Provider (ESP) on 2015 CRN Managed Service Provider (MSP) 500 list.
This annual list distinguishes the top technology providers and consultants in North America whose leading approach to managed services enables their customers to improve operational efficiencies, elicit greater value from their IT investments and successfully leverage technology to achieve greater competitive advantage.
In today’s world of outsourced IT, the expertise of MSPs has become increasingly important to organisations. The plethora of choices in terms of consumption
SS&C Technologies Holdings has completed completion of Annex IV filing for over 50 Alternative Investment Fund Managers (AIFMs) and 300 Alternative Investment Funds (AIFs).
SS&C GlobeOp filed with multiple Nationally Competent Authorities (NCAs) across Europe, including the key jurisdictions of Luxembourg, Ireland and the United Kingdom.
“We use extensive regulatory reporting expertise and infrastructure to help customers overcome the immense challenges of data aggregation, jurisdictional differences, complex calculations and short time periods,” says Michael Megaw, Managing Director, Regulatory Solutions Group. “This approach has given our clients the ability to meet their Annex IV deadlines without significant drain on internal
MetLife invested, through MetLife Private Capital Investors (MPCI), USD8.4 billion in corporate private placements, infrastructure debt and other private transactions during 2014.
MetLife is a leader in the private placement marketplace, managing a portfolio of USD56 billion in private securities investments, including USD42 billion in corporate debt and USD9 billion in infrastructure debt transactions. Corporate private placements and infrastructure debt are an important part of MetLife’s asset-liability matching program.
MetLife’s third party investment management business had a strong year. MPCI invested USD1.9 billion, or 23 percent, of the USD8.4 billion on behalf of MPCI’s investment management clients. The balance, USD6.5
Clearlake Capital Group has completed the sale of PrimeSport Holdings Inc to The Carlyle Group (Carlyle), Moorad Sports Partners and RSE Ventures.
As part of the transaction, Clearlake and management rolled over a significant equity stake in the company. Sam Soni, PrimeSport’s founder, remains CEO and continues to lead the company.
Headquartered in Atlanta, GA, PrimeSport is an event lifecycle management company and vertically-integrated eCommerce leader focused on monetizing the biggest sporting events in the world through premium ticket sales, travel packages and exclusive hospitality events for corporations, professional sports teams, universities and fans. For over 20 years, the PrimeSport
Private equity group ACE & Company has held the final closing of ACE Angel Partners with total equity commitments close to USD15 million.
The fund seeks to generate active returns by investing at an early stage in promising technology companies, targeting high growth markets. ACE Angel Partners invests in companies headed by visionary entrepreneurs with proven managerial skills, like Eric Migicovsky, CEO of Pebble, a company that has sold over one million smartwatches to date. These are predominantly technology companies that solve a problem, address large markets, have the potential to disrupt traditional industries and respond to immediate market needs.
Actis has launched a pan-African renewable energy generation platform, Lekela Power in partnership with wind and solar developer Mainstream Renewable Power which will own 40% of the platform.
Lekela Power is the eighth such energy platform Actis has created, following a proven replicable strategy of aggregating energy assets into scalable regional platforms. This focused approach was most recently demonstrated in the development of Ostro Energy, a renewable energy platform which Actis launched in India last week. Actis’s other energy platforms include Globeleq Mesoamerica in Central America, Aela Energía in Chile, Atlantic Energias Renováveis in Brazil and Mexico’s Zuma Energía. This
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