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Chimera Capital, an affiliate of Chimera Investment, an Abu Dhabi-based private investment firm managing a diversified international portfolio of listed and private investments, and Alpha Wave Global, an investment company with multiple funds across asset classes, have launched Alpha Wave Private Credit, an open-ended credit fund, with initial commitments of USD2 billion.
The perpetual fund, which will be jointly managed by Chimera Capital and Alpha Wave Global aims to develop a diversified portfolio of credit investments reflecting attractive risk-reward characteristics irrespective of the path of interest rates and in the context of growth in the private market for credit solutions.
Vinson & Elkins has appointed Francisco J Morales Barrón as a partner based in the firm’s Mergers & Acquisitions and Private Equity practice group based in New York.
Blackstone is looking to further its withdrawal from fossil fuel investments with a unit of the global alternative investment firm said to be exploring the sale of oil and gas producer PRI Operating for around $2 billion including debt.
Werfen, a global developer, manufacturer and distributor of specialised diagnostic instruments, is to acquire Immucor, Inc, a US-based specialist in transfusion and transplant in vitro diagnostics, from private equity firm TPG for approximately $2 billion.
The acquisition, which is subject to customary regulatory approvals, is being funded with a mix of cash on hand and new senior credit facilities. Werfen does not expect the transaction to impact its investment grade rating from Standard & Poor’s.
TPG acquired Immucor in July 2011 in a $1.97 billion deal, and has subsequently made multiple add-on acquisitions including Sentilus Inc and Organ-i Inc.
Upon
KKR & Co has made an offer to buy Albioma SA, an independent renewable energy producer in France, for €485 million. CDPQ, the main lender in the transaction, alongside other commercial lenders and banks, has provided the acquisition financing to support the tender offer.
Albioma SA operates over 1 GW of installed capacity around the world, through thermal, solar and geothermal power assets, mainly in French metropolitan and overseas territories. As part of its strategy to support the energy transition, the company aims to end coal use by 2025 by pursuing the conversion of its coal fired power plants into
The Government of Canada, through the Venture Capital Catalyst Initiative of the Business Development Bank of Canada (BDC), has committed $72.5 million to Kensington Venture Fund III.
SPE Capital, a private equity firm focused on Africa and the Middle East has expanded its leadership team with the promotion of existing principal Tarek Lababidi to partner.
Lababidi began his private equity career in 2014 as an associate in Swicorp’s Dubai office in 2014. After obtaining his MBA at INSEAD in 2016, he joined the founding team at SPE Capital’s newly-opened Casablanca office, where he played a role in several transactions, including the investment in (2020) and successful exit from (2021) Dislog Group, and the acquisition of Amanys Pharma (2020 – previously Saham Pharma).
Other investments where he contributed
Moonfare, a global digital private equity platform, increased its assets under management by almost 90% in the year to end September 2022 to €2.18 billion, as individual investors flocked to the asset class amid turbulent public markets.
The number of Moonfare investors grew 63% to 3,272, while the community of registered users more than doubled (141%) to over 46,000. The number of individual investments increased by 70% to 8,462.
To meet this exceptional growth in demand, Moonfare increased the funds offered on its platform from 40 to 69 (up 73%).
Founder and CEO Steffen Pauls said the increase marks a
The Riverside Company, a global private investor focused on the smaller end of the middle market, has acquired Oberon Company, a designer and manufacturer of Arc Flash personal protective equipment used to protect workers from electrical and gas hazards, as an add-on to its portfolio company, SureWerx, a global provider of safety products, tools and equipment.
Aliph Capital, the Middle East’s first female-led private equity firm, has appointed Apex Group to provide fund services for its debut fund Aliph Fund I, which will focus on mid-market private equity deals across the GCC region.
The fund will look to acquire sizeable, active positions in privately owned mid-market companies that possess robust business fundamentals.
Apex Group will deliver a range of independent fund Administration services to Aliph Capital, including financial information, multi-currency transaction processing and flexible valuation periods. Apex Group’s integrated global fund administration solution is underpinned by a connected approach to technology, supporting the secure transfer
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