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Daehan Shipbuilding Co, a small-size oil tanker manufacturer has been acquired by a South Korean private equity consortium led by Seoul-based KH Investment Inc (KHI) for around $150 million, according to a report by The Korea Economic Daily.
The consortium has acquired a 95% stake in the unlisted business from the Korea Development Bank (KDB) having been chosen as a stalking horse bidder after offering the highest price among the initial bidders and paying a deposit of 10% of the proposed acquisition price in May of this year.
The reports ays the consortium plans to manage Daehan, which specialises in
Baker Botts, an international energy, technology, and life sciences law firm, has appointed Omar Iqbal as a partner in the firm’s corporate department in Riyadh.
Iqbal’s core practice is transactional, focusing on private equity, M&A and joint ventures, combining both significant cross-border experience with extensive local Saudi Arabia expertise, having worked in both private practice and inhouse with Samba Financial Group.
He has practiced for over 14 years in the Gulf Cooperation Council region and has developed long-standing relationships with a number of international and local investment banks and leading Saudi Arabian family offices.
The appointment of Iqbal,
HTEC Group (HTEC), a global consulting, software engineering and digital product development company based in San Francisco, has acquired Sarajevo-based Mistral Technologies The deal makes HTEC the largest technology company in Bosnia and Herzegovina employing close to 600 experts in the country.
Stafford Capital Partners has closed its latest fund with €731 million in capital commitments making it the largest in the private markets firm’s history, and taking the firm’s total infrastructure AUM to $1.7 billion, according to a report by AlternativesWatch.
Stafford also raised an additional £100 million ($116 million) for a managed account that will focus on geographically targeted infrastructure secondary transactions.
With 13 closed transactions to date and another three more in the pipeline, the Stafford Infrastructure Secondaries Fund IV targets investments in existing core infrastructure funds, predominantly in Europe, North America and Australasia, through LP as well as
COPE Private Equity is planning to launch its fifth fund next year following the full deployment of the current COPE IV Fund which is expected by Q1 2023, according to a report by Deal Street Asia.
The report cites the firm’s founder and managing director Azam Azman as revealing that the the next investment vehicle, COPE V, will be open to businesses in the wider Southeast Asia region with a Malaysian subsidiary or presence, rather than just Malaysian companies.
The target size of the fund has not been revealed but COPE’s current AUM reportedly stands at around $150 million.
Argyle Capital Partners has partnered with Canadian family office Celina Capital to acquire TRS Components, a maker and installer of roof trusses, wall and floor panels for the new home construction market, according to a report by PEHub.
Financial terms of the deal have not been disclosed.
Argyle Capital Partners, a Toronto-based private equity firm founded in 2016, invests in family-owned lower middle-market businesses with a specific focusing on industrial products businesses within service, manufacturing and distribution.
Established in 2017 to make direct investments in entrepreneurial, growth-orientated companies and to build out a portfolio of diverse real estate assets, Celina
Fund administrator Saltgate SA has appointed Jean-François Flamant to its board in Luxembourg. Flamont joined Saltgate as its head of depositary last year.
He has over two decades’ experience in financial services and oversees Saltgate’s depositary servicing for fund managers to help drive the firm’s client service.
Flamont joined Saltgate from TMF Group, where he was head of depositary services. He also spent 20 years as an alternative funds specialist at ABN Amro and BGL BNP Paribas.
Saltgate launched in 2007 to provide fund administration and accounting services for private equity, debt, and real estate asset classes.
After two years of record benchmark returns, some limited partners in the asset class are confronting the reality of below-average performance, with a survey by Private Equity Wire predicting average returns will continue to fall in H2 2022.
Funds advised by SK Capital Partners (SK Capital) and Edgewater Capital Partners (Edgewater), are to acquire the scintillation and photonic crystals business of Saint-Gobain, (Saint-Gobain Crystals). SK Capital will lead the investment with Edgewater acting as a meaningful minority shareholder with Board involvement.
Saint-Gobain Crystals is a technology specialist and provider of single scintillation crystals for radiation detection applications, as well as sapphire and garnet substrates for photonics and power electronics applications. The Company differentiates itself with deep R&D capabilities and expertise in crystal growth, packaging, and integration, as well as unique intellectual property supported by a portfolio of 174
Swiss Foodtech Startup Planted, known for its clean-label biostructured meat, has closed a series B financing round of CHF70 million led by L Catterton, a global consumer-focused private equity firm.
L Catterton was joined by existing investors such as Vorwerk Ventures, re:food, Movendo, Be8 Ventures, ACE, ETH Foundation, Yann Sommer, as well as new investor Tengelmann Ventures in the round.
Planted will use the funds to launch its new whole-cut line of products including its chicken breast, further its international expansion, and increase production capacity.
Founded in July 2019, Planted, an ETH Zurich spin-off, produces ‘meat’ from alternative proteins
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