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A total of 298 European private equity transactions in Q3 represented a meaningful reduction in volume over the prior quarter, impacted by a decrease in both buyouts and early stage transactions, according to SL Capital Partners.
Value held up relatively well given the reduced volumes and, although the EUR19.0bn transacted was a 19.7 per cent reduction on the prior quarter, the overall performance was much higher than Q3 2013 and 2012 and average deal size remained stable.
The European private equity market continues to move in a general upward trend, although continuing to experience a high level of volatility
Independent corporate and fund services provider Crestbridge has seen the value of funds it administers grow from GBP1.84 billion in June 2013 to GBP15.06 billion in June 2014, representing an increase of more than 700 per cent.
Contributing to this growth were a number of key business wins for the firm. These included establishing and providing administration services to the Jersey-domiciled Kennedy Wilson European Real Estate fund, which raised GBP1 billion and became the second largest real estate IPO in LSE history, and being appointed to provide a range of administration and oversight services to a number of Jersey-domiciled asset
Personal Capital, a digital wealth management firm, has raised USD50 million in a Series D funding round led by Corsair Capital, as well as BBVA Ventures and USAA.
Existing investors IVP, Venrock and Crosslink also participated. Jeremy Schein of Corsair will join Personal Capital’s board.
“We’re leading the transformation of financial services from physical to virtual delivery,” says CEO Bill Harris. “This infusion will help accelerate our already-rapid growth – we’ve seen revenue increases of 10 per cent or more each month for the past seven quarters.”
Over 600,000 American families use Personal Capital’s personal finance apps to
Mooreland Partnerrs has expanded its European-based senior banking digital media and internet team through the appointment of Seth Kundrot, who has joined the London office as an executive director.
"Digital media and Internet currently account for the largest share of US investment value in Europe across the technology sector, and adding an experienced senior banker based in our London office focused exclusively on this area allows us much closer coverage of this sector," says Holt Thrasher, managing director and founder of Mooreland Partners. "Since establishing our London office in 2005, Europe has accounted for roughly half of our M&A transaction
London listed private equity fund JZ Capital Partners, an investor in US and European micro cap companies, has now seen NAV growth in 20 of the past 22 quarters.
The firm’s NAV totalled USD657.4 million at 31 August 2014 (FYE 28/02/14: USD666.5 million), with pre-dividend NAV per share of USD10.27 (FYE 28/02/14: USD10.25). A distribution of 16 cents per share was paid in June 2014, while an interim dividend of 15 cents per share was paid for the period (H1 2013: 14.5 cents per share).
The firm saw USD96.4 million of proceeds during the period, primarily from the following realisations:
Platinum Equity has acquired a majority interest in ground engineering firm Grupo Terratest.
Financial terms of the transaction have not been disclosed.
Headquartered in Madrid and providing services around the world, Terratest is a specialised international contractor providing foundation work, ground improvement and micro-tunnelling services for large-scale infrastructure projects and industrial, commercial and residential construction.
Platinum Equity is a global private equity firm currently investing from a USD3.75 billion buyout fund focused on acquiring businesses that can benefit from the firm's operational expertise.
"Terratest is a leader in its industry with a well-recognised brand, strong management, talented
Confluence is to provide Mitsubishi UFJ Fund Services with a range of reporting solutions for its new Annex IV reporting services for alternative investment fund managers (AIFMs).
The new services allow AIFMs that are managing or marketing alternative investment funds (AIFs) in the EU to submit Annex IV reports to their relevant National Competent Authority (NCA), as required by the Alternative Investment Fund Managers Directive (AIFMD).
Annex IV reporting is one of the principle concerns of managers and funds in complying with the requirements of AIFMD. Involving 300 plus data points from fund, portfolio, manager and risk systems, the preparation
Middle-market investment bank Baird has released a report anticipating a new wave of M&A within the European for-profit education sector.
The report identifies a backlog of more than 50 for-profit education M&A opportunities across Europe and details how the sector is transforming, presenting opportunities for businesses to grow rapidly.
Noting Graphite Capital’s 5.8x return on its sale of Education Personnel and Palamon Capital Partners’ 14.6x return on its sale of Cambridge Education Group, Baird concludes that investors who understand the sector and the business models are well-positioned to generate attractive returns.
Since the start of 2013, there have
Excelsior Capital Partners has provided a USD20 million mezzanine facility to California TrusFrame (CTF) in conjunction with a USD30 million senior credit facility furnished by senior lenders.
Based in Riverside, California with plants that serve clients in California, Nevada and Arizona, CTF is a manufacturer of roof trusses, floor trusses and wall components for commercial, residential and multi-family construction.
Excelsior’s investment in the company supplies the necessary capital for the company to purchase equipment, fund working capital growth, pursue new business ventures and expand into new markets.
“CEO John Hanna and his team have done an excellent job
Asia Climate Partners (ACP), a joint venture by the Asian Development Bank, ORIX Corporation and Robeco Institutional Asset Management, has launched its headquarters in Hong Kong.
“We are pleased to announce the opening of our new headquarters office, which represents another milestone in our continuing efforts to establish the leading private equity platform in developing Asia targeting growth capital investments across a variety of climate-related industries including renewable energy, energy efficiency, environmental services, and agribusiness. We see significant opportunities in these sectors that are structured to generate attractive risk-adjusted returns while concurrently delivering positive environmental and social impacts,” says Todd Freeland, director
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