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Emerging markets private equity firm Actis has committed USD290m for a 60 per cent stake in Aela Energía, a renewable energy development set to become Chile’s largest wind and solar energy provider.
Actis is investing alongside Mainstream Renewable Power, a wind and solar developer, which will own 40 per cent of the asset. The total value of the project is USD1.4bn including debt.
Aela Energía will increase the country’s renewable energy capacity by 3.6 per cent, providing enough clean energy to power more than 131,000 homes.
With GDP growth running at around six per cent a year,
Citi has expanded its private equity services business into Luxembourg through a dedicated centre of excellence for closed-ended funds.
This launch follows Citi’s recent introduction of such services in Dublin and Singapore and allows the bank to provide end-to-end private equity solutions in the growing EMEA market.
Citi’s local Luxembourg team will serve its private equity clients, leveraging the bank’s existing global private equity expertise and delivering its established experience in Luxembourg depositary banking as well as local regulatory and compliance requirements.
“Luxembourg is strategically poised to address the regulatory changes underway in the European funds space. Our
HIG Europe has completed the sale of its portfolio company Anvis Group to Tokai Rubber Industries (TRI). HIG Europe is the European arm of global private equity company HIG Capital.
Anvis, which is headquartered in Steinau an der Straße, Germany, is a provider of critical, highly engineered anti-vibration products that are primarily used in the automobile industry where they improve the dynamic handling, comfort and road safety of vehicles. In 2010, HIG Europe acquired the company and joined forces with the incumbent chief executive Olaf Hahn to carry out a systematic process of advancement. This team succeeded in increasing the annual
Ghost Group, a Southern California-based venture capital firm primarily focused on the emerging marijuana industry, has launched Emerald Ocean Capital, a fund that invests in market-defining companies and technology in the legal cannabis and medical marijuana sector.
Additionally, Ghost Group has launched the Ghost Domain Capital fund, which invests in “category killer” Internet domains that are mostly oriented toward B2B solutions. Both funds seek to provide an attractive rate of return, with investors benefitting from full collateralisation, pass-through and the upside of cash flow generated by management.
The launch of Emerald Ocean Capital comes at a time when
Bloomberg has launched Bloomberg Beta, a USD75m venture fund to invest in and create early-stage technology companies.
Bloomberg Beta, in keeping with Bloomberg LP’s longstanding pattern of entrepreneurialism, is focused on backing and working alongside exceptional founders.
Bloomberg Beta exists to expand Bloomberg LP’s horizons by investing in and creating companies within Bloomberg’s broad areas of interest.
Set up as a true fund, Bloomberg Beta will invest for financial return, selecting companies independently of their current or future business relationship with Bloomberg LP.
"Bloomberg Beta is a natural extension of the entrepreneurial spirit and culture of
AT Internet has raised EUR6.25m from its long-term financial investor iXO Private Equity (EUR3.5m) and a new associate, Omnes Capital, formerly Crédit Agricole Private Equity (EUR2.75m).
The investment will allow the group to accelerate its development by continuing its efforts in R&D and by consolidating its international presence. The digital analytics solution provider, based in Bordeaux, France, is preparing to strengthen its sales and marketing teams, as well as its technical infrastructure outside of Europe.
This capital increase is the third of its kind in AT Internet’s history and is part of a series of promising financial results
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has completed the Service Organization Controls (SOC1) Type II reports for its hedge fund application hosting and managed cloud services.
Following the successful completion of the SSAE16 Type II examinations in June 2012, Abacus became one of the first private cloud providers for hedge funds to complete both SAS70 Type I and SSAE16 Type II reports, ensuring the highest level of security and internal controls.
Abacus builds upon its commitment for security and control by completing annual audits. The most recent, the SOC1
Clearwater Corporate Finance’s industrials team has advised shareholders at Rimor, a supplier to the sub-sea oil and gas industry, on the multi-million sale to its management backed by LDC, the mid-market private equity firm.
The company, based in Denmead, Hampshire, employs 123 staff and specialises in the supply of complex, high-precision components, technical fabrications and complete assemblies, predominately to the capital equipment sub-sea, deep water oil and gas market.
Partner Jon Hustler and assistant director Mark Day from the Birmingham office of Clearwater advised shareholders of Rimor on the transaction.
Hustler says: “Rimor’s unique capabilities, highly-skilled workforce and
youAPPi has secured USD1m in funding from Glilot Capital Partners, an Israeli-based early stage venture capital firm.
Founded in late 2011, youAPPi resolves the most critical and urgent problem within the mobile eco-system, identifying, matching and connecting the best mobile applications to the most relevant users. youAPPi provides a fully managed mobile application recommendation platform which drives publisher’s revenue and increases mobile users’ engagement.
Glilot is also opening up its professional network and experience to youAPPi, which will augment its investment in the company’s growth. The raised capital will specifically be used to extend youAPPi’s matching and mobile
Mayor of Liverpool Joe Anderson fired the starting gun on Accelerate 2013 when he opened trading in the central London Stock Exchange (LSE) atrium.
The London Stock Exchange is home to AIM, the world’s most successful growth market.
Following the market opening ceremony, guests headed to the flagship headquarters of event sponsor Coutts at 440 Strand. There, a display designed to raise awareness of the vital role Britain’s high-growth businesses play in supporting the national economy, was unveiled, featuring Accelerate 2013 speakers Paul Lindley, founder and chief executive of Ella’s Kitchen, Thea Green, founder of Nails Inc, and
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