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AIM-quoted investment group Adamas Finance Asia (AFA) is to invest USD500,000 into an investment fund managed by Adamas Asset Management , the Hong Kong-based firm that since February 2014 has been acting as AFA’s investment manager.
The new investment is being made into the BRJ China Private Credit Fund.
It follows the distribution last month to AFA of a USD75,300 dividend from an earlier USD1m investment made last year into another investment vehicle managed by Adamas.
That maiden distribution, from the Greater China Credit Fund, was the first dividend received by AFA, which until a reverse takeover earlier this
Maven Capital Partners has invested GBP7.5m in support of the GBP14m MBO of Rmec Ltd, a specialist mechanical and hydraulic engineering company.
This is the private equity firm’s seventh oil and gas transaction over the past nine months, and takes Maven’s recent investments in energy services companies that are active in the north-east of Scotland to GBP30m.
Rmec specialises in the manufacture, maintenance, repair, testing, recertification and rental of well services equipment for the oil and gas industry, and has 20 staff and a turnover of GBP9m for FY14.
The investment will enable Rmec to fast-track its growth
Gatehouse Bank, a wholesale Shariah-compliant investment bank based in the City of London, has completed the sale of its Rolls Royce manufacturing and logistics facility in Scotland.
The total amount of the sale reached GBP55m, which yielded a profit on equity of 29.2 per cent post costs and taxes and an IRR of 10.3 per cent.
The 541,000 sq ft purpose built warehouse is adjacent to Glasgow International Airport and the M8 motorway. The property was purpose built for Rolls Royce Plc to cater for its manufacturing and distribution requirements and is currently leased to Rolls Royce until 30
Private equity firm Warburg Pincus is to acquire a majority stake in mercator, a provider of software and technology-enabled outsourcing solutions to the global aviation industry, from dnata.
dnata will retain a minority stake.
Headquartered in Dubai, mercator helps airlines move passengers and cargo to their destinations safely and on time. mercator's five key products include cargo operations and management, financial solutions, loyalty and CRM, safety and passenger reservation and departure control. The company's solutions are used by more than 125 airline clients in over 80 countries and six continents. Current clients include United Airlines, Thai Airways, Qantas, British Airways, Singapore
Albert Medical Devices (AMD) has secured GBP940,000 in funding supported by the Angel CoFund, the GBP100m government and British business bank-backed fund, alongside existing investors North West Fund for Biomedical (managed by SPARK Impact) and the London Business Angels.
This is the third round of funding for the Liverpool-based med-tech company, who in April 2012 successfully raised a seed round of GBP300,000 from SPARK Impact’s North West Fund for Biomedical (the fund having collectively invested GBP680,000).
This initial funding was used to further develop the company’s flagship product, the melio leg bag. The melio is the world’s first intelligent catheter
Deerfield Management Company has launched Deerfield Private Design Fund III, an investment fund designed to provide flexible private financing to healthcare companies.
The fund has approximately USD1.6bn in committed capital.
“Deerfield is proud to play a leading role in advancing innovation in the development and delivery of healthcare products and services through investment, information and philanthropy. Few other industries can have such a profound impact on the quality and length of life,” says James Flynn, managing partner at Deerfield.
The mission of Deerfield Private Design III is to advance all aspects of medicine and human health. Like Deerfield’s
Energy Capital Partners has held the final closing of Energy Capital Partners III at USD5.043bn in commitments, surpassing the fund's USD3.5bn target.
Energy Capital's total cumulative commitments are now in excess of USD13bn having raised Fund I at USD2.25bn in 2006, Fund II at USD4.335bn in 2010 and a mezzanine credit lending vehicle of USD805m in 2013 as well as co-investment capital participating in seven individual Energy Capital investments.
Fund III was launched in July 2013 and raised in eight months, attracting a diverse base of over 300 limited partner investors from North America, South America, Europe, Asia and
Virtual reality (VR) games developer and publisher nDreams and Mobile app creator No Yetis Allowed have both secured funding from Mercia Fund Management (MFM), a provider of investment, accommodation and business support services across the UK.
These businesses are just two of Mercia Fund Management’s growing portfolio of gaming companies benefiting from both finance and sector expertise from former SEGA CEO Mike Hayes and ex-Codemasters MD Nick Wheelwright.
Hayes, head of Mercia Fund Management's digital and e-commerce division, says: “The expansion of our digital and e-commerce portfolio has allowed us to invest in a number of exciting and innovative ventures in
Lowenstein Sandler has expanded its private equity and mergers and acquisitions practices with the addition of Christopher Henry as a partner.
Henry, 41, joins Lowenstein Sandler’s New York office from Ropes & Gray, where he had been a partner since 2006.
Close on the heels of Michael Brosse, 43, who joined the firm from Kirkland & Ellis in January, Henry is the second lateral partner from a top 25 law firm to join Lowenstein Sandler’s M&A and private equity group in 2014.
“Our strategy is to broaden and deepen the services that our transaction, litigation and bankruptcy practices
Industries & Finances Partenaires has raised EUR135m for a third new fund specialising in SME Buy & Build strategies.
Industrie & Finance Investissements 3 has exceeded both its EUR125m target and Fund 2 (EUR110m).
The fund’s largest LPs include CDC Entreprises, CNP Assurances, Idinvest, Axa France, Akina and EIF.
Sixty per cent of commitments are from LPs outside France.
A statement from Industries & Finances Partners says: “The success of this fund‐raising, despite difficult market conditions, is the result of the team’s unique strategy, which it has followed since inception, with the support of loyal LPs.
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