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Albion Ventures has made a GBP2m investment in Engensa, a domestic solar panel installer, to provide a free solar energy offer to domestic home owners in the Windsor and Maidenhead area.
The programme will see Engensa install Solar PV systems equal to 2.6kWp, 3.3kWp or 9.9kWp on approximately 200 homes in the area.
The investment from Albion Ventures will support Engensa in the installation costs of the solar panels and will benefit from any feed-in-tariffs. Home owners will pay nothing (or a limited amount if their roof is not qualifying) but have the right to use the energy generated
With effect from 1 February 2011, Porsche Deutschland is acquiring two Porsche Centres in Hamburg from the Raffay Group – Porsche-Zentrum Hamburg and Porsche-Zentrum Hamburg Nord-West.
After Stuttgart and Berlin, Hamburg is the third location where car manufacturer Porsche will be managing its dealerships itself.
Porsche was advised on all aspects of the transaction by a CMS Hasche Sigle team led by lead partner Maximilian Grub.
With the sale of these two dealerships, the Raffay Group is bowing out of the Porsche car business after 60 years. The transaction is currently awaiting approval from the competition authorities.
Esposito Private Equity Group, a Dallas-based private equity firm, says it has allocated significant capital to expanding its participation in promising ventures.
The minimum investment amount is USD500,000 and EPEG is interested in minority ownership opportunities.
The investment criteria for consideration are the following:
• A minimum of USD500,000 in annual pre-tax earnings, unless the business fits under one of EPEG’s existing units
• A strong track record of consistent earnings
• Strong returns with a clean balance sheet
• Strong and capable management team in place
• Simple business with a specific applicable product
• An offering price
Mark Esposito says: “We are committed to
Centre Partners Management, a middle market private equity firm with offices in New York and Los Angeles, has completed the sale of Gray Wireline by certain of its affiliates to a subsidiary of Seawell for USD157.5m.
Founded in 1983, Gray is a provider of cased-hole wireline services in the US.
The company’s 18 districts in key producing basins provide Gray with access to approximately 85 per cent of all onshore drilling rigs and generate a revenue stream balanced between oil and natural gas.
"We are delighted to complete the sale of Gray to Seawell and bring to a successful conclusion
Sea Island Acquisition, a limited partnership comprising investment funds managed by Oaktree Capital Management, Avenue Capital Group, The Anschutz Corporation and Starwood Capital Group, has acquired substantially all of the assets of Sea Island Company, a private resort and real estate development company.
"Today is a new beginning for Sea Island and a continuation of our great heritage," says chairman and chief executive Bill Jones III. "Our new ownership group, which is comprised of four highly respected investment firms, is committed to returning the company to consistent profitability, while maintaining its outstanding reputation for service and care for guests, members,
Fortress Investment Group has appointed David Barry as a member of the company’s board, effective 1 January 2011.
Barry will serve as a class I director.
The board has also appointed Barry to its audit committee and nominating, corporate governance and conflicts committee.
Barry will replace Howard Rubin, who will resign from the board, as well as the audit committee and the compensation committee, effective as of 1 January.
The board of directors has also elected not to pay a dividend in the fourth quarter of 2010. The board elected to retain capital for potential future investment opportunities and for
Sun Capital Partners’ affiliate Emerald Performance Materials, a US producer and marketer of chemicals for food and industrial applications, has acquired the business and assets of DSM Special Products.
DSM Special Products is a manufacturer of toluene oxidation products.
The purchase from Royal DSM was approved by the European Commission on 2 December. Terms of the transaction were not disclosed.
DSM Special Products, with a manufacturing site in Rotterdam and a commercial office in Geleen, will become part of the Emerald Kalama Chemical business which produces benzoic acid, sodium benzoate, benzyl alcohol and benzaldehyde out of its Kalama facility.
DSM Special
Hogan Lovells has advised on the sale of Maxinutrition Holdings to Glaxo Group, a subsidiary of GlaxoSmithKline, for GBP162m.
The deal was announced on 13 December and is subject to competition clearance.
Maxinutrition is a European sports nutrition company. Hogan Lovells acted for Zef Eisenberg and Paul Hick, the founder and the former chairman of the business respectively, who both retained stakes in the business when it was sold to Darwin Private Equity in December 2007.
Hogan Lovells also acted on the original Darwin MBO, advising previous owners Piper Private Equity and the selling shareholder group on the sale of
Water Street Healthcare Partners, a private equity firm focused exclusively on healthcare, has made a majority investment in New Century Health.
Founded in 2002, New Century Health is a benefit management company focused primarily on oncology and cardiology.
In a privately negotiated transaction, Water Street and its co-investors committed to expanding the company’s services to a broader base of payers, providers and patients across the US.
New Century Health integrates and streamlines all outpatient components of care in the oncology and cardiology specialties. Through its technology platform, New Century connects health plans, physicians and patients to coordinate care and improve
Emerging markets private equity investor Actis and an affiliate of the Government of Singapore Investment Corporation have made an investment each of USD77m in India power developer GVK Energy.
GVK Energy, a wholly owned subsidiary of GVK Power and Infrastructure, is one of the first private sector developers in India.
The funding round enables GVK Energy to further develop, construct and operate power plants in India.
G V Krishna Reddy, chairman, GVK Power and Infrastructure, says: "GVK has been a pioneer in the infrastructure sector in India, having developed India’s first independent power project. Today, we are poised to significantly
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