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The Resolute Fund II, LP, an affiliate of The Jordan Company, is to acquire Pro Mach from from Odyssey Investment Partners, LLC. Financial terms of the transaction have not been disclosed.
Pro Mach is a leading provider of packaging machinery solutions and related aftermarket products and services to multinational clients in the food, beverage, household goods and pharmaceutical industries. Pro Mach’s leading market position is derived from its broad product offering and ability to develop customised packaging machinery solutions that drive efficiency, accommodate changes to packaging formats and promote customer product innovation.
"We are excited to be partnering with The
Tortoise Capital Resources Corp. (NYSE: TTO) has invested USD9.9 million indirectly into Lightfoot Capital Partners, LP (Lightfoot), which owns a refined products storage business, Arc Terminals LP (Arc).
Arc is an independent operator of above ground storage and delivery services for petroleum products and chemicals including refined products, renewable fuels and crude oil. Since its inception in 2007, Arc’s business has grown to more than 3.5 million barrels of storage capacity located at eleven terminals in eight states.
"We have a track record of success with Chief Executive Officer Vince Cubbage and his team at Lightfoot," says Ed Russell,
HIG Capital’s portfolio company Vaupell Holdings, Inc (Vaupell) has acquired Russell Plastics Technology Company, Inc (Russell), a supplier of composite plastics products and assemblies serving primarily the aerospace and military markets.
The purchase of New York-based Russell further expands the scope of products and services Vaupell offers to its customers with the addition of composite manufacturing capabilities, and provides Vaupell expanded access to the rotorcraft and military markets.
“This acquisition is the culmination of a focused initiative to pursue a strategic combination with a technical supplier of composite plastics products,” says Joe Jahn, CEO of Vaupell. “We see growing demand
Ingenious Ventures, a specialist manager of Enterprise Investment Schemes (EIS) and part of Ingenious, has launched its fourth Shelley Media Fund, providing a unique opportunity for investment in the fast-growing entertainment sector.
The fund will invest in companies producing film, television programmes and video games, which continue to exhibit strong indicators for sustained growth despite wider uncertainty in the macro-economic environment.
Ingenious Ventures anticipate that the Fund will generate tax free returns of 13.6% pa (a gross equivalent return of 27.2% pa for a 50% taxpayer).
The fund is an HMRC approved EIS fund, and investors can
DDC has augmented its portfolio management software suite, Sonar, with a service bureau offering called Sonar Plus. The Sonar Plus upgrade allows regular Sonar subscribers to fully outsource the administrative side of portfolio management, while reaping the organisational benefits.
With Sonar Plus, venture capital or private equity clients can email materials from their portfolio companies to their firm-designated email address. DDC will then correctly upload those materials into Sonar and, utilising DDC Frames, ensure that an actionable summary of the data is created. DDC monitors the receipt of information on an investment-by-investment basis and provides clients with a quarterly review
Hotbed, the private equity syndicator, has completed GBP29.6 million worth of investments during the year ending 31 March 2011. The total value of the deals, including borrowing, was GBP43.1 million, an increase of 62% on the total value of investments made by Hotbed last year.
The value of deals made by Hotbed’s investor members was around four times the value of investments made by comparable private investor networks over the same period.
During the year, Hotbed made GBP10.6 million worth of private equity investments across a wide range of sectors, compared to GBP6.3 million the previous year. In addition, Hotbed
JouleX has received USD17 million in investment capital from new investors Sigma Partners, Flybridge Capital Partners and Intel Capital, in addition to existing investors Target Partners and TechOperators. JouleX plans to use the capital to expand its development and sales footprint into growth markets around the world.
"The widespread need for enterprises around the world to better measure and manage energy usage presents an incredible opportunity for JouleX," says Tom Noonan, president and CEO at JouleX. "We are leading the way to provide companies with an innovative energy management system for the entire enterprise that will help them achieve real
Bichot & Associes, the new corporate law firm dedicated to M&A/private equity, advised the Fonds Strategique D’Invetissements (FSI) regarding its investment in the Altrad group, one of the main players in Europe for the sale and the lease of devises in the construction and manufacturing area.
The purpose of the EUR45m contributed is to support the growth strategy of the group. Indeed, Mohed Altrad has successfully implemented an internal and external growth strategy for 25 years, ensuring a strong position in Europe thanks to its original model.
The FSI, having joined BNP Paribas Développement, CM-CIC Capital Finance and Synergie Finance
Alternative Investment Group, a fund of hedge funds that invests primarily in long/short equity strategies, has appointed Michael J Tansley as Chief Financial Officer, effective immediately.
Tansley will be based in Alternative Investment Group’s Southport, CT office and will oversee the firm’s accounting, audit, tax, internal controls, information management, and administrative operations.
"Michael has 25 years of experience working in the financial services industry and will provide exceptional vision and additional oversight to our existing financial controls," says David Storrs, Chief Executive Officer of Alternative Investment Group. "We are very pleased to have Michael join our team."
Tansley joined Alternative
Private equity real estate investment advisory company MGPA’s Asia Fund III has acquired a 50% interest in Galleria Chengdu, a high quality newly completed retail mall with retail GFA of 53,619 sqm in Chengdu, a gateway city of western China. The property was developed by GTC China Real Estate Holdings (GTC), who retains the remaining 50% interest in the mall.
Completed in 2010 and with a total site area of approximately 20,896 sqm, Galleria Chengdu is a four-storey (plus two basement levels) stand-alone retail development with a cinema on Level 4. The first level of basement has retail shops and
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