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OFI InfraVia’s European Fund II, the firm’s second European focused infrastructure fund, has raised EUR150m from French and European institutional investors in a first closing of the fund.
InfraVia II is managed by Paris-based manager OFI InfraVia and is the successor fund of InfraVia, which was established in 2008 and is now fully invested.
OFI InfraVia focuses primarily on “core” brownfield infrastructure assets that are located in Europe. It considers opportunities across a broad spectrum of infrastructure opportunities including in the transportation, energy, social infrastructure, utilities and communications sectors. The manager has a particular focus on the mid-market in Continental
Resilience Capital Partners, a Cleveland-based private equity firm, has acquired Advanced Communications through its newly-formed entity, Aero Communications Inc (ACI).
ACI is a provider of telecommunications infrastructure services to businesses, individuals and governments.
ACI is Resilience Capital Partners’ first acquisition in the infrastructure services industry and its fifth platform investment in The Resilience Fund III.
“We are excited to partner with ACI, an established business partner to some of the leading telephone and cable television systems in the country,” says Steve Rosen (pictured), co-chief executive of Resilience Capital Partners. “ACI has a well-established franchise, committed employees and valued expertise, providing
Middle market private equity firm American Industrial Partners (AIP) and private markets investment manager Partners Group have sold Micro-Poise Measurement Systems to AMETEK for USD170m in cash.
Micro-Poise, headquartered in Ohio, is the world’s largest provider of integrated test and measurement solutions for the tyre industry in both developed and emerging markets.
AIP and Partners Group teamed to acquire Micro-Poise from Illinois Tool Works in April 2007.
The company’s test and measurement products are used to measure the balance, uniformity, and geometry of both tyres and tyre and wheel assemblies. Micro-Poise operates four manufacturing facilities in the US, Europe, and
Privately-held businesses in debt crisis-stricken Portugal, Spain and Italy are in many respects in better financial health than their publicly-listed peers, according to analysis from S&P Capital IQ.
While recent investor concerns over the ability of Portugal, Spain and Italy to service their sovereign debt have helped to depress local equity markets, S&P Capital IQ’s analysis shows that – in the aggregate – private companies in those three countries enjoy better short-term liquidity profiles and revenue growth reports while maintaining lower leverage rates than their public counterparts.
“These findings highlight that, while many public companies in Southern Europe are
The Champ III Funds, advised by Champ Private Equity, has completed its acquisition of Gerard Lighting Group.
In July 2012, a scheme implementation agreement was executed between an entity owned by the Champ Funds and the board of Gerard Lighting.
Completion today follows the approval of both Gerard Lighting shareholders and the Federal Court of Australia.
Gerard Lighting is an Australian lighting manufacturer and distributor, with international operations in New Zealand, India, the Middle East, the UK, Indonesia and Malaysia. The company targets all segments of the lighting industry through brands including Pierlite, Sylvania and Crompton.
John Haddock, Champ managing
FLAG Capital Management, a private capital investment manager, is to acquire Squadron Capital, a Hong Kong-based private equity investment firm with USD1.5bn in assets under management.
The transaction increases FLAG’s total AUM to over USD6bn and allows it to more effectively deliver global solutions in private equity, venture capital, natural resources and real estate.
The acquisition from Search Investment Group is expected to close on or before 31 December 2012. Terms of the deal were not disclosed.
The Squadron Capital team has been managing Asian private equity funds since 1989 and will bring complementary experience and networks to FLAG’s global
Innovation in additive manufacturing technologies is to be boosted through GBP7m of new UK government investment in research and development.
Grants for collaborative R&D projects in additive manufacturing, also known as 3D printing, will be awarded through an open competition to be managed by the Technology Strategy Board, the Engineering & Physical Sciences Research Council, the Arts and Humanities Research Council and the Economic and Social Research Council.
Universities and Science Minister David Willetts (pictured) says: “3D printing technologies offer huge potential for UK businesses to compete successfully by embracing radically different manufacturing techniques that could be applied across a wide
An affiliated investment fund of private equity firm Lightyear Capital’s Lightyear Fund III, and institutional co-investors, are to make a controlling investment in Cooper Gay Swett & Crawford (CGSC).
The transaction is expected to close in the fourth quarter of 2012, subject to required regulatory approvals and closing conditions.
CGSC is one of the largest global wholesale insurance and reinsurance brokers placing over USD3.5bn in premiums for clients in the London, US, and international insurance markets. Headquartered in London and employing more than 1,400 staff across 60 offices worldwide, CGSC specialises in hard-to-place insurance policies. In 2011, CGSC reported revenues
XAnge is taking a GBP1.2m equity stake in the FX Capital group, a London-based UK company operating under the name of The Currency Cloud.
Established in 2011, The Currency Cloud is the provider of an automated, cloud-based currency conversion and international payments service.
The Currency Cloud is currently finalising the reorganisation of its equity ownership base after raising GBP4.5m in 2012. XAnge Private Equity, which is investing via its XAnge Capital 2 fund, is joining Atlas Venture, Notion Capital and Anthemis.
Hervé Schricke, chief executive at XAnge Private Equity, will sit on the board of directors, alongside Fred
Bridge Insurance Brokers is strengthening its offering to the private equity sector by becoming a member of the Chicago-based Equity Risk Partners Global network.
Equity Risk Partners Global is the only worldwide alliance of independent insurance brokers focused exclusively on the needs of the private equity industry and its portfolio companies.
Bridge’s strong reputation in this sector has led to the business being selected to become the sole UK partner in the global network.
The firm’s mergers and acquisition team, based in London and Manchester, headed up by directors Peter Warburton and Gavin Ruben, has been working in
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