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Priority Power Management (Priority Power), a specialist in energy optimisation and infrastructure and a portfolio company of Ara Partners and OakTree Capital Management, has acquired the regulatory advisory experts and Texas-based renewable energy offtake and consulting business of AB Power Advisors.
Terms of the transaction have not been disclosed.
This transaction is Priority Power’s third major acquisition in the past 18 months, and its second in the past 60 days.
AB Power Advisors is known for its proprietary regulatory coverage of the ERCOT market, as well as their successful track record commercialising renewable generation projects to support the nations’ growing
Mubadala Capital, the global asset management firm and a wholly owned subsidiary of sovereign investor Mubadala Investment Company, has acquired AOG, d/b/a TruFood Manufacturing (TruFood), in partnership with management.
TruFood, a leading snack food contract manufacturer in several categories, is being acquired from funds affiliated with AUA Private Equity Partners, LLC.
Financial details of the transaction have not been disclosed.
The acquisition is expected to deliver significant value to TruFood’s stakeholders, including its existing customers and employees, while bolstering the company’s competitive advantage, increasing its market reach, advancing product development, and accelerating long-term growth.
Mubadala Capital manages a diverse portfolio
The Illinois State Board of Investment believes that private markets will outperform public equivalents over the long term and is increasing its private equity target allocation as a result, according to a report by BuyOutsInsider.
Global VC investment is likely to continue to fall throughout the final quarter of 2022 as Q3 sees the third consecutive drop in deals and funding value, according to the Q3 2022 edition of Venture Pulse – a quarterly report, published by KPMG Private Enterprise.
The report, which analyses key VC deals and trends globally, reveals that global VC funding fell to a nine-quarter low of $87 billion in Q3 2022, with levels not seen since 2020 in the Americas, Europe, and Asia. The decline in the number of deals was even more marked during the quarter, with just 7,817
The Riverside Company has invested in Newbridge Software (Newbridge), a cloud-native electronic point of sale (ePOS) software company for bars, restaurants and the wider hospitality industry. The investment is an add-on to Riverside’s Guestline platform, a European hotel software platform.
Newbridge will continue to operate as a separate division within the Guestline Group.
Newbridge helps stand-alone and group operators, including hotels, manage all aspects of their bars and restaurants across the United Kingdom. Established in 2016, its stock and staff management modules deliver real-time revenue and profit reporting, which, when combined with their table ordering, loyalty and promotions functionality, enables hospitality
Shield Capital has appointed Michael A Brown and John “JJ” Jack as Venture Partners. Both will bring proprietary deal-flow to the firm and seasoned management, industry expertise, and go-to-market leadership to Shield’s portfolio companies.
Brown and Jack have built and scaled market-leading technology companies over thirty years. Their experience and networks will bolster Shield’s efforts to support company founders solving important problems in artificial intelligence, autonomy, cybersecurity, and space vital to commercial and government customers.
Brown most recently led the Defense Innovation Unit (DIU) since 2018 as its 3rd Director responsible for sourcing strategic technology advantage from America’s innovation ecosystem.
Brighton Park Capital (Brighton Park), a growth equity investment firm that specialises in partnering with software, healthcare and tech-enabled services businesses, has made two key senior hires – Calen Angert, who joins the firm as a Partner and Head of the Healthcare Group, and John Cordo, who joins as a Principal specialising in cybersecurity.
Angert joins the firm from TA Associates, where he served as a Senior Vice President focused on executing and managing investments across the healthcare landscape, including Netsmart Technologies, Behavioral Health Works, RLDatix, MedRisk, Benecon, MPI Research, Navia Benefit Solutions and SoftWriters. Angert began his career in
Nick Burley, the former Chief Financial Officer at European healthcare services business Alliance Medical, has joined the new Capital Solutions team at sustainable investment manager Downing LLP.
Burley will join Downing’s Capital Solutions team and partner with former M&G Fund Manager Paul Taylor, who recently joined Downing. Downing’s newly established team will launch a series of new investment activities and funds, managing capital on behalf of institutional investors.
With over 30 years of operational and transactional experience, Burley will lead strategic transactions and work closely with investors to deliver the ambitious growth plans of the Capital Solutions team.
Burley’s
Cerberus Capital Management and a consortium of real estate investors are in line for a big payday if Koger’s proposed $24.6 billion acquisition of rival US grocery retailer Albertsons is cleared by regulators, according to a report by the Financial Times.
Kroger has agreed to acquire Albertsons in a deal that would create one of the largest US supermarket chains but only if it passes significant antitrust hurdles. It has agreed to pay $34.10 per Albertsons share, an almost 33 per cent premium to the group’s share price as of 12 October. The price includes $4.7 billionn in debt.
The
Jorge ‘Jordie’ Olivella, BlackRock’s Miami-based head of US offshore distribution has quit the company to join private equity firm KKR as head of Latin America wealth, according to a report by Citywire.
Olivella ended his six-year stay at the US asset manager last month, having most recently headed its offshore fund distribution efforts and helped develop BlackRock’s commercial offshore strategy.
At KKR, Olivella will have respsonibility for building and managing relationships with US financial advisors and RIAs that serve Latin American clients, as well as wealth platforms in the region.
He reports to Dan Parant, co-head of KKR’s private wealth
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