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EnBW has sold 49.89% of the shares in offshore wind farm EnBW Baltic 2 to Australian private equity investor Macquarie Capital.
The purchase agreement for the transaction has now been signed. The purchase price for the shares is EUR 720 million. They will be transferred to Macquarie Capital following antitrust clearance and full commissioning of the offshore wind farm, which is expected next summer. EnBW will operate the wind farm and perform maintenance tasks, resulting in the expansion of its service business.
A team led by lead partner Dr Jochen Lamb advised EnBW on all aspects of the transaction. EnBW
The Greater Manchester Loan Fund (GMLF), managed by Maven Capital Partners (Maven), is to invest GBP320,000 in recruitment consultants Frazer John Recruitment Ltd (FJR).
The deal will also see existing shareholders injecting a further GBP130,000 into the business.
Manchester-based FJR specialises in placing managerial and executive level staff within the finance, technology, HR, and sales/marketing sectors. The business was established in 2011 by John Dyson, who has significant experience within the industry having been a Director at the international recruitment firm Robert Half. He subsequently led FJR through a period of significant growth over the past three years and it
Fountain Healthcare Partners has held the initial closing of its second fund, Fountain Healthcare Partners Fund II, with EUR85 million of committed capital.
The fund is a dedicated life science venture capital (VC) fund and brings Fountain’s total capital under management to EUR158 million. Within the life science sector, Fund II will primarily focus on specialty pharmaceuticals, biotechnology, medical devices and diagnostics.
Fountain will invest over 75% of its capital in Europe with the balance in the US market. Having exceeded its initial close target, Fountain is now seeking additional investors to close Fund II with a hard cap of
Morgan Stanley Credit Partners has raised USD1 billion for Morgan Stanley Credit Partners II, the firm’s second investment vehicle targeting corporate mezzanine debt and related instruments issued by middle market companies in North America and Western Europe.
“This significant capital raise for Morgan Stanley Credit Partners speaks to the strength of the team’s rigorous, credit-centric investment approach and the strong investment performance they have achieved,” says Ed Moriarty, Head of Merchant Banking & Real Estate Investing. “Our clients appreciate the differentiated approach Credit Partners brings to this opportunity set as well as the benefits the team maintains by being part
Trevi Therapeutics has closed a USD15 million senior secured term loan agreement provided by Solar Capital Ltd (Solar Capital) as collateral agent and lender and Square 1 Bank as lender.
“This financing is an important step for Trevi as we complete the funding for our ongoing clinical trials of Nalbuphine ER in uremic pruritus and prurigo nodularis,” says Jennifer Good, President and CEO.
“Trevi is developing therapeutic alternatives for the relief of severe chronic itch conditions which currently have no approved therapies in the US,” says Anthony Storino, head of healthcare venture lending at Solar Capital. “Solar Capital is pleased
Harbour Point Capital, a private equity firm specialising in healthcare investing, has been launched by co-founders Robert Juneja and Bret Bowerman.
Both previously had been investment professionals with the middle market investment firm of Irving Place Capital – Juneja as a Senior Managing Director and head of its healthcare sector, and Bowerman as a Principal in the healthcare sector.
“This is an opportune moment in healthcare and one where having our own firm with a flexible investing mandate will enable us to provide capital solutions and direction to high potential companies,” says Juneja.
Bowerman adds that Harbour Point Capital, which
Closed-end private real estate debt funds raised a total of USD20bn in capital in 2014, higher than in any other previous year. Andrew Moylan, Head of Real Assets Products at Preqin, comments on the state of private real estate fundraising heading into 2015:
Across the entire real estate fundraising market, it is evident that investors are still putting considerable sums of capital to work across the asset class. Aggregate capital raised across all real estate strategies worldwide reached USD90bn, just below the USD92bn raised in 2013, but is expected to increase by 10% to 20% as more information becomes available.
The Beekman Group has held the first and final closing of Beekman Investment Partners III, LP (Beekman III) at USD230 million in equity commitments.
“We are very pleased by the strong investor interest and a single close at our hard cap of USD230 million after just three months of fund raising, says John G Troiano of The Beekman Group.”
Beekman III will continue the successful strategy employed by its first two funds, investing in lower middle-market services companies with enterprise values ranging from USD15 million to USD75 million in three focus industry sectors – consumer, healthcare and business services. Beekman
Private equity investment firm Thoma Bravo has sold portfolio company Telestream, a provider of live and on-demand digital video tools and workflow solutions, to Genstar Capital.
Financial terms of the deal, which is expected to close in Q1 2015, have not been disclosed.
“Thoma Bravo worked in partnership with management over our three year ownership period to invest in the business, make acquisitions and accelerate the Company’s growth,” says Holden Spaht, a managing partner at Thoma Bravo. “The Company today is a clear leader in the digital video space with the deepest set of products and services in the market.”
Constellations Advisers, a provider of accounting, compliance, operational support, and due diligence services to the investment management industry has opened a new office in San Francisco.
The move reflects Constellations’ ever growing client base in the Western United States and Asia.
Constellation’s San Francisco office, located at 75 Broadway, offers a full range of services, including accounting, compliance, operations support, due diligence, dispute resolution and other consulting services and support. Constellation serves hedge funds, RIAs, private equity/private equity portfolio companies, venture capital and start-up technology firms, other commercial enterprises, as well as their service providers and investors.
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