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Ardian, the independent private investment company, is to acquire an additional five per cent equity stake in the CLH Group, the Spanish oil products and storage company, from Compañía Española de Petróleos (CEPSA).
With this investment, Ardian will become the largest shareholder in the company, increasing its shareholding to 15 per cent. Ardian first became a shareholder in CLH in 2011 with the acquisition of a 10 per cent stake. The closing of the transaction is expected before the end of this year.
This is the latest transaction from Ardian’s third generation Infrastructure Fund which is currently seeing a
There is a strong and growing interest in private equity among family offices and foundations, according to a survey undertaken by Private Equity International (PEI) and Montana Capital Partners.
The study found a third (30 per cent) of surveyed institutions currently have at least 20 per cent of their portfolios allocated to private equity. More than half of institutions questioned have allocated more than 15 per cent.
Such commitments are in contrast to those of the majority of private equity investors (LPs) more broadly. PEI’s Private Equity Investor Sentiment Survey, carried out in June this year, found over half
Friedkin Capital Partners, owned and operated by Houston businessman Dan Friedkin, has teamed with the Harmon family, owners of Auberge Resorts, by investing in the boutique luxury resorts owner and operator.
Friedkin will serve as chairman of the board and Mark Harmon, the CEO and founder, will continue to serve as CEO, member of the board, and will continue to run the day-to-day business of the company.
"We are thrilled to announce this investment in the company and are pleased to have found the perfect active partner in Dan Friedkin to help us accelerate our growth plan," says Mark
SHIFT has raised USD6m in Series B funding led by venture capital firm DN Capital.
The new funding will be used for international expansion of SHIFT’s Open Marketing Cloud.
SHIFT’s Open Marketing Cloud provides marketers access to an ecosystem of best-in-class marketing apps, allowing users to access their choice of apps along with all of the data they need on one integrated platform to reach their customers across Facebook, Twitter and LinkedIn. This round brings total financing to USD14m to date.
Through the Open Marketing Cloud, users are enabled to collaborate across organisations in order to execute marketing
Activa Capital has become the reference financial shareholder in Gaz Européen, an independent alternative gas distributor supplying the collective residential B2B market in France.
Gaz Européen's parent company has 60 years' experience in providing energy solutions to the collective residential B2B market – property managers, heating ventilation and air conditioning companies, tertiary and public companies.
Anticipating the liberalisation of the French gas distribution market, Gaz de Paris was founded in 2005. Experiencing a strong growth in the Paris Ile-de-France region, Gaz Européen has developed its national coverage by creating five regional entities in major cities in France: Gaz de
The “patchwork quilt” of regulatory requirements resulting from European Union member states exercising discretion under the Alternative Investment Fund Managers Directive is likely to deter many non-EU firms from operating in the market – but that need not be the case, according to Sturgeon Ventures, the regulatory incubator.
The National Private Placement Regime enables fund managers to market hedge funds in the EU that are ineligible for passporting under the AIFMD, either because they originate outside the European Economic Area or they are managed by non-EEA managers.
It is estimated that around 17 of the EU member states intend
Private equity house WestBridge Capital has exited its investment in Mobile Computing Systems (MCS), securing a 3x return.
MCS, which provides software for construction companies, was the last of the assets WestBridge Capital inherited when it acquired Wales Fund Management in 2008.
Valerie Kendall, a partner at WestBridge Capital, says: “MCS has flourished under our stewardship. From break even five years ago, the company now has strong recurring revenues, healthy profits and a market-leading product.
“Given its exposure to the construction sector, the management team has done extremely well to grow the business, repay historic debt liabilities and
Venture capital firm Highland Capital Partners has appointed consumer media and technology expert Walt Doyle as a venture partner in the firm’s Cambridge, Massachusetts office.
A veteran of both the Bay Area and Boston entrepreneurial ecosystems, Doyle has built companies at the epicentre of mobile, location and payments.
Most recently, Doyle was the general manager of PayPal Media where he managed the product, sales, and operations in building its omni-channel commerce strategy. He joined PayPal through its acquisition of WHERE, a local discovery service and mobile advertising network. Doyle served as CEO of WHERE from 2005 through its acquisition, growing
PNC Riverarch Capital has led an equity recapitalisation of Custom Molded Products (CMP), a manufacturer and distributor of injection moulded plastic components used in spas, pools, and whirlpool baths.
The investment was completed with a co-investment from Florida Capital Partners.
The transaction also included a significant re-investment by the CMP cofounders, William Drury and Charles Li, who will continue to lead the business going forward.
“Our investment in CMP fits well within our strategy of identifying well-positioned companies in attractive and growing end markets,” says Michael Hand, managing director of PNC Riverarch. “We were particularly attracted to the
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has expanded its application hosting service partnership network.
The Abacus partnership programme provides hedge fund and private equity firms with access to fully hosted and managed business applications on the AbacusFLEX private cloud platform.
By increasing its application hosting service, Abacus offers greater overall business and workflow efficiency to fund managers. Hosting applications in the private cloud also ensures better system resiliency, redundancy and data back-up capabilities, while providing support services from round-the-clock IT staff.
The AbacusFLEX private cloud platform enables funds to
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