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Larger deals are winning favour amongst private equity backed businesses according to an analysis of buy & build activity across Europe during the first quarter of 2011.
The study, to be published on, 13 June 2011, by Silverfleet Capital the European private equity house in conjunction with mergermarket, shows that the average deal value of add-ons has almost trebled on the same period in 2010, with a percentage increase of 292 per cent.
Neil MacDougall, managing partner of Silverfleet Capital says: "The nascent recovery in deal value shows that buoyance is returning to the buy & build market. After
Baring Asset Management (Barings), the international investment management firm, believes that as Asian economies continue to strengthen, Asian debt and currencies can provide some of the best absolute and risk-adjusted returns versus US and other global fixed income sectors.
Thomas Kwan, Head of Asian Debt at Baring Asset Management comments: “Asian debt, both local government and US dollar corporate, has been less volatile than emerging market debt and this stability has enabled the sector to deliver superior risk-adjusted returns in comparison to some other asset classes. We believe that the Asian bond market continues to offer attractive risk-adjusted returns for
Finmeccanica has finalised its agreement with private equity investor First Reserve Corporation (First Reserve for the sale of a 45% stake in Ansaldo Energia (AEN). The terms of the agreement are those previously announced in March 2011.
Finmeccanica sold AEN at a price of EUR 1,073 million to an Italian registered company, Ansaldo Energia Holding (AEH) – previously referred to as Ansaldo Electric Drives (AED) – which is 45% held by First Reserve and 55% by Finmeccanica. In addition, Finmeccanica has received from AEN EUR95 million in relation to a 25 year agreement licensing the use of the “Ansaldo” trademark
borro, the short term asset lender has announced an important new partnership with Octopus Investments (Octopus), which will provide borro with significant new lending capacity.
Octopus is a leading investment specialist whose funding solutions cover the entire capital structure, from equity through mezzanine to senior debt. Octopus has won a number of awards for its products and customer service.
According to Paul Aitken (pictured), CEO of borro, the new funding line is an expression of the confidence that the market has in borro’s business. He says: “First and foremost, this new relationship reinforces our ability and desire to fund
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
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