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Private Equity Group is purchasing a portfolio of undeveloped parcels totalling 5,187 acres in Lee County from Alico-Agri, a subsidiary of Alico Inc.
The properties are generally bounded on the west by Florida Gulf Coast University and Miromar Outlets; to the north by Alico Road and the Southwest Florida International Airport; and to the east by scattered single-family residences.
The closing is set for later this year.
Since the company’s inception in 1985, Private Equity Group has been involved in the acquisition of some of the largest real estate portfolios developing more than 14,000 acres in Florida. The company has
Mid Europa Partners, a private equity firm focused on Central Europe and Turkey, is to partner with the founders of Walmark by acquiring a 50 per cent stake in the company.
The transaction is subject to customary closing conditions and is expected to be completed in Q4 2012.
With revenues approaching EUR100m and employing approximately 800 people, Walmark is an independent vitamins, minerals and dietary supplements manufacturer in Central and Eastern Europe.
Matthew Strassberg, partner of Mid Europa responsible for the healthcare sector, says: “With its strong brands, undisputed category leadership and attractive growth outlook, Walmark is ideally
Private equity firm BC Partners and alternative asset manager The Carlyle Group have signed a definitive agreement to acquire Hamilton Sundstrand Industrial, a manufacturer of pumps and compressors for the industrial, infrastructure and energy markets, from United Technologies Corporation for USD3.46bn.
The transaction is expected to close in the fourth quarter of 2012.
The investment will be funded in an equal partnership with equity from BC European Capital IX and Carlyle Partners V as well as third-party debt provided by a banking consortium.
Together, Carlyle and BC Partners plan to increase investment in the company’s product development activities and
Private equity firm Resilience Capital Partners completed the final close of The Resilience Fund III on 31 May with USD222.5m of committed capital.
Fund III exceeded its target of USD200m through the participation of a global institutional investor base that includes pension funds, insurance companies, foundations and endowments, fund of funds, wealth managers and investment consultants.
Resilience specialises in helping businesses emerge from fatigued ownership or lending relationships, over-leveraged balance sheets and a variety of special situations such as turnarounds, restructurings or corporate divestitures. The firm invests in niche-oriented manufacturing companies and business services companies located in the Midwestern and
KPS Capital Partners’ portfolio company International Equipment Solutions has acquired, through an indirect wholly owned subsidiary, CWS Industries.
This is the fourth acquisition by IES since its formation. Financial terms of the transaction were not disclosed.
KPS formed IES in September 2011 as a platform for investments serving the construction, agriculture, landscaping, infrastructure, recycling, demolition, mining, and energy industries. At that time, KPS announced IES’s first two acquisitions, Paladin Brands Holding and Crenlo from Dover Corporation.
In November 2011, Stephen Andrews was retained as chief executive officer of IES to lead the integration of the first two acquisitions and
Private equity manager Abraaj Capital has exited its investment in IHH Healthcare Berhad (IHH) through an initial public offering.
Approximately RM6.26bn (USD2bn) was raised in the offering, making it the third largest IPO to date this year after Facebook and Felda Global (the Malaysian palm oil producer).
The offering received strong global institutional and retail demand. Over 400 global institutional accounts participated with the institutional books more than 130x covered whilst the Singapore and Malaysia retail offers were each more than 11x and 5x covered respectively.
Cornerstone investors, such as Blackrock, Capital Group, Newton Investment Management Limited, Och-Ziff Capital Management
SensiQ Technologies has been acquired by private equity firm TechVen Partners.
The firm plans to expand the market reach of its Label-Free Surface Plasmon Resonance (SPR) devices for biomolecular interaction analysis.
"We’re ready to shake things up. With new resources, we are set to expand promotion of SensiQ’s innovative Label-Free SPR technology. Our technology has already received acclaim from many opinion leaders – we’re ready to get the word out," says Tom Jobe, chief operating officer for SensiQ Technologies.
SensiQ Technologies was acquired by TechVen Partners, a private equity firm led by Colin Cumming, formerly chief executive officer of ICx
Forbes Private Capital Group has held the final closing of Kerogen Energy Fund, an energy private equity fund managed by Hong Kong-based Kerogen Capital with capital commitments in excess of USD1bn.
Forbes managed and advised on the global distribution of the fund. Forbes is the wholly-owned distribution business of G2 Investment Group.
The fund provides growth and development capital to junior upstream oil and gas companies focused on international emerging oil and gas basins and unconventional assets.
Ivor Orchard, executive chairman, and Jason Cheng, managing partner, founded Kerogen and have worked together for over a decade in the energy and
IK Investment Partners’ IK2007 Fund has entered into an agreement to acquire Actic from funds managed by FSN Capital.
Actic is a Nordic health and fitness company.
Financial terms of the transaction were not disclosed. Closing of the transaction is subject to legal and regulatory approvals.
Actic has 143 health and fitness clubs and around 200,000 members in six countries. Its core markets are Sweden, Norway and Germany. In addition to this, Actic operates in Finland, Iceland and Austria. It was founded in 1981 in Sweden and acquired by FSN Capital in 2007.
Anders Carlson, Actic’s chief executive, says: “We
Monroe Capital has provided a USD16.5m unitranche facility to support the acquisition of FTJ FundChoice by Seaport Capital Partners.
Based in Kentucky, FTJ FundChoice provides technology enabled mutual fund trading platforms to investment advisers nationwide.
The company’s Turnkey Asset Management Program and recordkeeping services provide investment advisers with back office solutions.
Theodore L. Koenig (pictured), president and chief executive officer of Monroe Capital, says: “We were pleased that Seaport Capital Partners had the confidence in Monroe to provide a financing solution to support the acquisition of this unique service business. We look forward to working with the team as they
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