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KKR has launched the Highways Infrastructure Trust (HIT), a roads infrastructure investment trust (InvIT) in India. The new vehicle is KKR’s third InvIT in India, following the launch of the Virescent Renewable Energy Trust, India’s first renewable energy InvIT, and India Grid Trust, a transmissions InvIT.
Together, these platforms operate and manage 33 assets valued at over $3.8 billion across 22 states or union territories across India.
HIT’s initial portfolio comprises of six roads assets with a total length of more than 450 kilometers across six states in India. The assets, which include a diversified mix of toll and annuity
Cole-Frieman & Mallon (CFM), an investment management law firm, has appointed Garret Filler as a partner. Filler comes to CFM after most recently serving as President of Allometrics, a startup at the intersection of gaming and finance.
Ampersand Capital Partners has held the final closing of the firm’s latest fund, Ampersand 2022 (AMP-22) Limited Partnership, with $1.2 billion in limited partner commitments.
This fund, which is Ampersand’s eleventh primary fund since 1992, was significantly oversubscribed and held a single close less than three months after launch. Ampersand secured commitments from a diversified and global set of institutional investors including endowments, foundations, pension plans, insurance companies, funds of funds and family offices.
With this new fund, Ampersand intends to continue the firm’s strategy of partnering with great entrepreneurs within our core sectors through both majority and minority investments
Tonka Bay Equity Partners (Tonka Bay) has appointed Shawn Cappello as a director. In this role, Cappello will assist in the execution of the firm’s overall investment activities.
Prior to joining Tonka Bay, Cappello was a senior director of corporate development at Albertsons Companies Inc, a national grocery retailer. Previously, he was a vice president at Cerberus Capital Management, an operationally-focused private equity firm. While at Cerberus, Cappello was responsible for all aspects of the private equity investment lifecycle, including buy side and sell side deal execution, and portfolio management.
Before Cerberus, Cappello worked at Credit Suisse in the Investment Banking
HCI Equity Partners (HCI), a leading lower middle market private equity firm that partners with founder-owned distribution, manufacturing and B2B service companies, has promoted Lisa Costello to tiger newly-created position of chief administrative officer (CAO), and Amy Stremmel to chief financial officer (CFO).
Costello joined HCI in 2004 and will continue to serve as the firm’s chief compliance officer. As CAO, she will lead HCI’s administrative and compliance operations and play a key leadership role within the firm. Prior to this role, Costello served as HCI’s CFO for more than a decade and has been a member of the Board
Gilde Healthcare, a specialised healthcare investor, is to acquire Sanquin Reagents from Sanquin Health Solutions (SHS) with its private equity fund.
Sanquin Reagents produces and sells blood group and immune reagents, materials needed for diagnostic research and drug development. Sanquin Reagents is an international producer in the field of hematology and immunology reagents, supplying tests to laboratories for medical diagnostics and research.
The investment by the private equity fund of Gilde Healthcare offers Sanquin Reagents the opportunity to scale up the production of diagnostic tests and to strengthen its leading position in the development of immunoreagents. Sanquin Reagents will remain
Avance Investment Management (Avance), a private equity firm that invests in founder-owned, middle market businesses in the services, technology and consumer sectors, has made a strategic investment in RIA Advisory (RIA), a provider of revenue management solutions.
Financial terms of the transaction have not been disclosed.
Founded in late 2016 with the goal of transforming revenue management for large and mid-size enterprises, RIA has established itself as the leading partner of choice for a wide range of Fortune 100 Companies – including numerous blue chip customers. RIA provides a leading portfolio of diversified offerings, implementing highly scalable Oracle platforms
Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, has sold its portfolio company Monte Nido & Affiliates (Monte Nido) to funds managed by Revelstoke Capital Partners. Financial terms of the transaction have not been disclosed.
Founded in 1996, Monte Nido is a leading provider of treatment programmes and services to adults and adolescents with eating disorders. The Company operates five respected brands with over 45 facilities across the US that provide a continuum of care encompassing inpatient, residential, partial hospitalisation, and intensive outpatient treatment. Its superior, industry-leading clinical outcomes, quality of staff and individualised approaches underpin its
Glints, an active end-to-end regional talent ecosystem in Southeast Asia for career development and recruitment, has raised $50 million in an oversubscribed Series D round co-led by DCM Ventures, Lavender Hill Capital, and returning investor PERSOL Holdings.
International freight logistics and express courier specialist, ITD Global, has secured a £15 million investment from the UK-based growth capital investor, BGF.
ITD Global is a tech-enabled logistics consolidator, which brokers parcel and freight solutions for eCommerce clients. In the last 12 months, the Heywood-headquartered business has facilitated the delivery of more than 11 million parcels to addresses in the UK and overseas.
The significant investment from BGF will help the multi-award-winning business to deliver its ambitious growth plans through the expansion of its UK depot network, further development of its cutting-edge technology platform, and growing its newer services
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