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Ridgemont Equity Partners, a middle market buyout and growth equity firm, has signed a definitive agreement for a majority investment in Unite Private Networks, a provider of high-bandwidth, fibre-based communications networks.
The financial terms of the transaction were not disclosed.
Unite Private Networks specialises in providing high-capacity data communications networks and related services to schools, government, carriers, data centres and enterprise business customers. It currently provides service in 12 states, primarily in the Midwest US.
“Our partnership with Ridgemont will help ensure that UPN has continued access to capital for growth and provide broader access to strategic and financial resources.
The fund managed by BNP Paribas Clean Energy Partners has acquired 100 per cent of Gortahile Windfarm, which owns and operates a 20 megawatt wind farm in County Laois, Ireland, from ABO Wind Ireland.
The Gortahile Windfarm began commercial operation at the end of August 2010. It is forecast to produce approximately 70 GWh of electricity per year, enough to meet the annual needs of over 11,200 households.
"This acquisition represents the cornerstone of a larger portfolio that we intend to build in Ireland," says Joost Bergsma, chief executive of the fund. "Ireland is a very attractive renewables market
Black Pearl Capital, an asset management and advisory firm, has closed its first private equity fund with a committed capital of USD50m.
The Black Pearl Capital Partners fund will be the first in a series of private equity funds raised by the firm to take advantage of opportunities in various industry sectors.
Proceeds of the fund will be used to invest globally in growth sectors and distressed situations where it can add value.
The fund expects a two to three year investment period with a five to seven year exit.
Fareed Asadi, chairman of Black Pearl Capital, says: "We are
Royalton Capital Investors, a private equity fund focused on Central and Eastern Europe, has sold 100 per cent of mPunkt Polska to Cyfrowy Polsat, the biggest Polish DTH platform offering pay TV services and mobile telephony and broadband internet access.
Final proceeds were received on 4 August 2010
Since 2002, when Royalton acquired 70 per cent of mPunkt, the company expanded from 38 to 200 points of sale nationwide and became the largest distributor for Polkomtel products as well as a major seller of a full line of other mobile phone products and services.
Nigel P. Williams, managing partner of
Kneip, an independent service provider to the asset management industry, has acquired Co-Link, a specialist in fund reporting technology and services for investment funds.
In recent years, Kneip has invested heavily in its fund reporting services and solutions.
Kneip will integrate the entire Co-Link team.
Bob Kneip, founder and chief executive of Kneip, says: “There is an ever-increasing need for efficient, reliable and consistent fund documents. By joining forces with Co-Link, we offer our clients more expertise, stronger processes and additional solutions. Together we broaden our service offering and our geographic reach to serve the industry and investors.”
Damien Coméliau,
Institutional Venture Partners has closed Institutional Venture Partners XIII, a USD750m later-stage venture capital and growth equity fund.
The fund will continue IVP’s strategy of investing in rapidly-growing technology and digital media companies throughout the US.
IVP XIII is the largest fund raised in IVP’s 30 year history. It brings the firm’s cumulative committed capital to USD3bn.
IVP XIII is the successor to IVP XII, an oversubscribed USD600m fund which closed in 2007.
“Our later-stage investment practice is working well,” says Todd Chaffee, general partner of IVP. “We appreciate the on-going support of our limited partners, and the exceptional investor
Alternative asset manager The Carlyle Group has made an investment in Scalina, Brazil’s largest manufacturer and retailer of woman’s hosiery and lingerie.
Financial terms were not disclosed.
Carlyle director Juan Carlos Felix says: “Scalina is a well managed company with excellent growth opportunities. We are pleased to partner with company founders Ronaldo and Bruno Heilberg as we tap into the expanding demand for quality hosiery and lingerie among Brazil’s growing consumer market.”
Scalina produces a variety of products under two flagship brands – TriFil and Scala – including pantyhose, socks, shape ware and lingerie. Scalina has patents under review by
The Brazilian government recently announced an “immediately binding” decision that appears to outlaw all foreign ownership of Brazilian farmland. Stephen Johnston (pictured) of Agcapita Partners outlines the implications.
Food supply questions are even more politically charged than questions of energy sovereignty. The UN has consistently stated that foreign direct investment into farmland has the potential to generate severe political backlash.
In practice, countries as diverse as New Zealand, Russia, India, Argentina, Indonesia, and Kazakhstan have imposed or are considering restrictions on agriculture ranging from export tariffs to proposals for outright nationalisation.
Further to this, the Brazilian government recently announced a
Private equity firm Candover Investments has ended months of uncertainty over its future by announcing that it is to wind itself up.
The decision, which comes after a failed attempt last month to sell the business, means that Candover is now looking to sell its portfolio companies and return cash to shareholders.
The economic downturn has caused problems for many private equity houses with debt-laden portfolio companies struggling to meet loan repayments, but Candover’s complicated structure, which saw a listed parent co-investing alongside an independent but wholly owned fund manager, Candover Partners, is thought by many analysts to be
Private equity firm Origo Partners has acquired a 16.5 per cent stake in Unipower Battery for an aggregate amount of USD4.3m.
Unipower is a new venture established to provide lithium-ion batteries and related materials to China’s burgeoning electric vehicle market.
The company is in the process of being spun out from the Huanyu Group, one of the largest privately held rechargeable battery manufacturers in China.
The Chinese government targets to achieve production capacity of 500,000 electric and hybrid cars in China by 2011. It has recently drafted the 2011-2020 new energy automobile development plan, which recommends over RMB100bn (USD15bn)
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