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Prudential Capital Group provided more than USD11.3 billion to companies and projects worldwide, and increased its total assets under management to a record high of USD71.6 billion in 2014.
Additionally, the company announced that it has the capacity to provide more than USD12 billion in financing in 2015. Prudential Capital Group is an investment business of Prudential Financial Inc.
“Our ability to offer a financial capability that meets the needs of middle market companies around the world was a driving factor in helping us achieve a strong 2014,” says Allen A Weaver, senior managing director and head of Prudential Capital
ClusterHQ has secured a USD12 million Series A funding round led by Accel Partners London, with participation from Canaan Partners as well as existing investors.
DN Capital seeded the fund in 2013 and participated in this follow-on round where ClusterHQ will use the funds to expand technical and go-to-market resources to help organisations use containers in production. The funding represents the largest Series A investment in the container ecosystem to date.
With five years' experience solving data problems for container-based applications, ClusterHQ is the company behind Flocker, the popular open-source project for containerising stateful services – for example, the databases,
LGT Capital Partners has held the final close of Crown Co-investment Opportunities plc (CCO), its first dedicated co-investment fund, with total subscriptions of USD432 million.
The program’s investor base consists of 20 institutions, including pension funds, endowments and family offices in Europe, the United States and the Middle East.
Tycho Sneyers, Managing Partner at LGT Capital Partners, says: “Institutional investors have shown an increasing interest in co-investments over the last few years, and with CCO, they achieve exposure to a differentiated strategy. The fund focuses on small and middle market buyouts, investing alongside high quality fund managers in the
Illuminate Financial Management LLP (“IFM”) is pleased to announce that
The founding partners of Capsicum Private Office, the UK based Family Office representing the Chilton family, have taken a stake in Illuminate Financial Management.
Capsicum will also invest in IFM’s FinTech Opportunities Fund (“FinTech Fund”) which is now in its initial fundraising.
"IFM is delighted to welcome Rupert Swallow and Grahame Chilton of Capsicum as both business partners and investors,” says Mark Beeston, CEO and Founder of IFM. "Their decision to invest in both our company and our Capital Markets FinTech Opportunities Fund represents the strongest validation of the unique
Energy-focused private equity firm EIV Capital (EIV) has held the final closing of its second fund, EIV Capital Fund II, with total committed capital of USD267 million, surpassing the fund’s USD200 million target.
Fund II will focus on making growth investments primarily in midstream and related oilfield service energy companies.
After receiving 100% participation from limited partners in its first fund, EIV launched its institutional fund raise for Fund II in June 2014 and completed the raise in six months; attracting a diverse base of limited partners providing strong support for EIV’s midstream focus.
“Our inaugural fund’s strong performance and
Duane Morris has appointed Susan A Laws (pictured) to the firm’s five-member Executive Committee.
Laws, the co-managing partner of the firm’s London office, focuses her corporate practice on business law and finance, mergers and acquisitions, venture capital financings, and computer law. She is the first Duane Morris Executive Committee member from an office outside of the United States.
Laws replaces Sheila Hollis, partner and chair of the firm’s Washington, DC office. Hollis, a leading energy lawyer, served on the Executive Committee for more than 10 years.
“Susan is a superb lawyer and a natural leader, and her appointment
DW Healthcare Partners (DWHP), a healthcare-focused private equity firm, has sold its portfolio company, Career Step Holdings, (Career Step) to private equity firm Revelstoke Capital Partners.
The terms of the transaction were not disclosed.
Career Step, based in Provo, Utah, is a leading provider of online, career-focused training programs in the high-growth healthcare sector. Career Step offers high quality, cost effective, job-specific training solutions that help learners and corporate employees quickly gain career skills and prepare to sit for nationally recognised certifications. The Company has proprietary course content developed by industry experts and distributed through a robust online learning management
Ogier has advised the lenders on the GBP122.6 million acquisition of LSE-listed Waterlogic plc by Castik Capital.
The lenders include GE Capital, HSBC, ING, Santander and Societe Generale and together they provided GBP113 million of senior debt facilities supporting the take-private by private equity fund Castik Capital of the UK based provider of mains-fed drinking water purification and dispensing systems.
Edward Scott, Managing Associate, led on the transaction with Sara Johns, Managing Associate advising on the listed acquisition elements.
Scott says: “The transaction was unusual because the practicalities of taking Jersey law security over the shares in Waterlogic
Peak Reinsurance Company has appointed Jackie Wong (pictured) as Senior Vice President Mergers and Acquisitions (M&A).
Wong will be working closely with Peak Re’s senior management team to explore strategic opportunities and new business areas for the group.
Wong, with a track record in investment banking, brings to Peak Re a wealth of experience and knowledge of the insurance and reinsurance industry, having led on several notable insurance M&A transactions in the region. She also regularly advised multinational and regional insurance companies on M&A and capital markets transactions.
Franz Hahn, CEO of Peak Re, says: “With her experience and expertise
Nordic Capital has expanded its healthcare team with the addition of Dr Raj Shah who joins as Partner in the London office.
Prior to joining, Dr Shah was Co-Head of EMEA Healthcare Investment Banking at Goldman Sachs International and he joins as Nordic Capital continues to expand its world-leading healthcare investment practice.
Dr Shah, a former cardiac surgeon, joined Goldman Sachs over a decade ago and has in recent years co-led the team that has been involved in several pivotal transactions that have helped shape the healthcare landscape, including Nordic Capital’s successful exit of specialty pharmaceutical firm Nycomed through a
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