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The Abraaj Group is to acquire a 100 per cent stake in Fan Milk International (FMI), a West African manufacturer and distributor of frozen dairy products and juices.
Established over 50 years ago, FMI currently operates through subsidiaries in the rapidly growing markets of Ghana, Nigeria, Togo, Ivory Coast, Benin and Burkina Faso. The company has built and controls a unique and fully integrated regional manufacturing and distribution cold chain network, as well as a broad portfolio of convenience food and beverage brands that reaches over 31,000 end-sales points. FMI, through its subsidiaries, currently sells over 1.8 million products
Optimum Energy has completed a USD12.2m financing round, led by new investor Navitas Capital (backed by a venture capital advisory relationship with Johnson Controls) and including existing investor Columbia Pacific Advisors.
The financing round will accelerate Optimum Energy’s strategic focus on augmenting its next-generation energy optimisation solution.
"We’re thrilled with the strong interest from investors in our enterprise-class, data-driven optimisation solution," says Matthew Frey, president and chief executive of Optimum Energy. "This financing round will cement our position as the market leader in next-generation optimisation. And it will enable us to continue our research and development on cutting-edge
Maven Capital Partners has led an investment in HCS Control Systems via a buy-in management buy-out transaction (BIMBO) alongside the Simmons Parallel Energy Fund.
Maven and Simmons have each provided GBP4.25m of equity funding to support business growth, with additional investment from Front Row Energy Partners, a consortium of upstream industry specialists which invests in high quality energy service companies.
Headquartered in Glenrothes, Fife, HCS is a manufacturer of engineered mechanical, hydraulic and electrical systems for the subsea oil and gas sector. HCS’s integrated service offering includes design, engineering, specialist welding and fabrication processes. Established in 1997, the
China’s growth may have declined in recent years. but the country still has much to offer investors, says Jean Médecin, a member of Carmignac Gestion’s investment committee…
Since the credit and infrastructure spending fuelled recovery of 2009/2010, China’s growth has gradually declined.
China suffers from an unbalanced economy with too high investment and too little consumption. But China still has much to offer for investors. While investment contribution to the economic growth has declined over the past three years, consumption contribution has been usefully resilient. This consumption will be helped in the years ahead by increasing urbanization of the
Texas-based private equity firm Teakwood Capital has appointed Kevin Klausmeyer as an executive partner.
Klausmeyer (pictured) has extensive software and technology industry experience at both public and private companies and understands the operational and financial issues faced by rapidly growing, global companies.
Klausmeyer has nurtured multiple software companies from start-ups to Fortune 1000 companies. In his new role, he will leverage his experience to provide actionable strategic and tactical counsel to Teakwood portfolio company management teams, in addition to expanding the firm’s presence into the Houston market.
Klausmeyer currently serves on several boards, including that of Sourcefire,
EQT V and GIC Special Investments, the private equity arm of the Government of Singapore Investment Corporation (GIC), have agreed to sell Springer Science+Business Media to the private equity firm BC Partners.
The company is being sold for a total enterprise value of around EUR3.3bn including a performance-related component, which allows EQT V to participate further in the development of the company.
EQT V and GIC acquired Springer in 2010 and installed a strong industrial board with media and database experts to support the excellent management team around CEO Derk Haank and the company. Since then, the owners
Infinity Racing Partners has acquired a 35 per cent minority stake in Lotus F1 Team effective immediately.
The acquisition marks another milestone for Lotus F1 Team in its quest to become the leading outfit in Formula 1 racing. The team finished fifth in the 2011 Constructors’ Championship and fourth in 2012.
Infinity Racing is an investment consortium whose special purpose vehicle is comprised of private investors that include an American hedge fund manager, an Abu Dhabi-based multinational business group and royal family interests of a major oil producing nation.
Lotus F1 Team was previously 100 per cent owned
Follett Corporation has launched the Follett Knowledge Fund, a capital funding source for new technologies that have the potential to improve and even disrupt the way educational content is delivered and consumed.
Follett has committed USD50m to the fund, which complements and extends the company’s portfolio of digital solutions and tools.
"Follett has a long track record of investing in and introducing new technologies to the education marketplace, whether it be in K-12 classrooms, on college campuses or wherever learning takes place," says Mary Lee Schneider, president and chief executive, Follett Corporation. "The Knowledge Fund will enable us to
Farallon Capital Management’s investment funds have acquired 101,589,656 shares in Whitehaven Coal from entities associated with Nathan Tinkler (Aston Resources Investments and Boardwalk Resources Investments).
These shares represent approximately 9.91 per cent of the issued shares in Whitehaven.
The Farallon Funds have also agreed to purchase an additional 16,672,031 Whitehaven shares (approximately 1.63 per cent of the issued shares in Whitehaven) from ASM Equities Fund, subject to obtaining FIRB approval. The Farallon Funds also continue to hold a further 52,153,034 Whitehaven shares (approximately 5.09 per cent of the issued shares in Whitehaven).
Farallon believes the current market
Evercore Mexico Capital Partners (EMCP), a private equity investor in Mexico and the Mexican private equity business of investment banking firm Evercore Partners, has completed fundraising for Evercore Mexico Capital Partners III (EMCP III), raising USD201m, its largest fund ever.
EMCP III, which was oversubscribed, will continue to employ EMCP’s strategy of making minority investments in high-growth, family-owned and privately-held Mexican companies and working with these companies’ management teams to generate additional value.
“We are very grateful for the strong support we received from our investors in our new fund,” says Pedro Aspe, co-chairman of Evercore Partners and
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