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OMERS Private Equity, the private equity arm of OMERS, a pension plan for municipal employees in Ontario, has acquired a minority stake in NovaSource Power Services (NovaSource) for $100 million.
NovaSource is a specialist in solar operations and maintenance (O&M) services to utility, commercial, industrial, and residential customers, with over 20GW of solar assets under management. NovaSource operates a global footprint with a presence in North America, South America, EMEA, Asia, and Australia. It is the largest independent Solar O&M provider in the United States and globally.
The transaction is in partnership with NovaSource’s leadership team and Clairvest Group Inc,
N4 Partners (N4) has appointed Gordon Merrylees, the former Managing Director of Entrepreneurship for NatWest, Royal Bank of Scotland (RBS) and Ulster Bank, as the firm readies itself for the launch of a new investment fund targeting entrepreneurs and early-stage businesses based in the UK.
During his 36 years at RBS, Merrylees worked with and supported countless entrepreneurs, early-stage startups and high-growth SMEs as he led and, ultimately, accelerated the Bank’s support programme for UK businesses, culminating in the launch of the Bank’s first in-house Entrepreneur Accelerator programme and the subsequent creation of 12 UK-wide accelerator hubs. Under Merrylees’ leadership,
Marlin Capital Partners (Marlin) has extended its existing partnership with Apex Group to include the provision of fund administration and accounting services for its latest fund Marlin RSP.
Marlin Capital Partners is headquartered in Nassau, The Bahamas and is licensed and regulated by the Securities Commission of The Bahamas to offer advisory services and manage assets on a discretionary basis.
Marlin RSP was launched in February 2022, representing a 70% growth in the firm’s assets under management to target discrete market opportunities created by short- and long-term inefficiencies. Marlin RSP has wide freedom to target investment opportunities across varying
Jacmel Growth Partners (Jacmel), a minority-owned, private investment firm focused on working with family-owned businesses, has partnered with Arora Engineers (Arora) as well as its subsidiary companies, EDI and Arora Systems Group, providers of infrastructure focused planning, design, program/construction management, facilities management, asset management and technology services.
Strategic capital from Jacmel will support Arora’s leadership team as they continue executing on their long-term growth initiatives. Arora, one of the largest minority-owned infrastructure services firms in North America, will continue to be managed by current President and CEO Manik Arora, PE, and maintain its minority-owned business status.
Arora is a
Innova Capital has raised over €220 million for the first close of its latest fund – Innova/7 – achieving 60 per cent of the fund’s €350 million target in just 10 months. The vast majority of the capital was committed by existing investors (LPs) of prior funds.
Commitments have been made by a global investor base, including commercial investors and international financial institutions.
As in the past, Innova will focus on making control investments in companies with enterprise values of EUR 50–150 million, investing equity tickets of EUR 25–40 million. The Innova/7 strategy will be based on two key transaction types
HitecVision has held a final close on the HitecVision New Energy Fund (NEF), oversubscribed at the fund’s hard cap of EUR875 million, exceeding its EUR500 million target. In addition, €175 million in co-investment capital has been raised for Vårgrønn, the fund’s first offshore wind investment, meaning that HitecVision will deploy €1.050 million for its new energy transition strategy.
The New Energy Fund is HitecVision’s first non-oil & gas fund, and is defined as an Article 8 (light green) fund under EU’s SFDR. The Fund has already deployed €540 million across three investments in onshore and offshore wind power, district heating with
Broad Sky Partners (Broad Sky), a private equity firm that partners with middle market business services and consumer companies, has appointed Marjorie Lopez as Vice President. Lopez will focus on Broad Sky’s investments in the Consumer sector.
Prior to joining Broad Sky, Lopez supported Consumer sector investments at RX3 Growth Partners. There, she worked on notable investments such as Nom Nom (acquired by Mars) and Orgain (acquired by Nestle). She led RX3’s investments in Taxa Outdoors and Therabody, marking the latter’s first institutional investment. Previously, she was an associate in Barclay’s Consumer Retail Investment Banking group and an analyst in the
US LBM, a portfolio company of Bain Capital Private Equity, and a distributor of specialty building materials in the United States, has acquired Deco Truss, a manufacturer and supplier of structural roof and floor trusses to customers in South Florida and the Caribbean.
Actis, a global investor in sustainable infrastructure, is to acquire a majority stake in Levanta Renewables (Levanta), a Vietnam and Southeast Asia-focused renewables platform.
Founded by Sudhir Nunes, who has significant experience in executing renewable power projects, Levanta has 300MW of onshore wind power projects in advanced development. With Vietnam as the anchor market, Actis will build on Levanta’s pipeline and apply its proven buy-and-build strategy to scale the business into a 1.5GW renewable platform across Southeast Asia, delivering power to a range of offtakers, including C&I customers.
The acquisition, Actis’ first Energy Infrastructure investment in Vietnam, will support
Global investment firm Carlyle has appointed David McCann has interim global head of investor relations, effective 10 August, 2022, succeeding Nathan Urquhart who has decided to leave the firm to pursue new opportunities.
Urqhart will remain at Carlyle until the end of 2022, working with senior leadership to ensure a smooth transition.
McCann, with more than three decades of experience in investment management, joined Carlyle in 2014 and is responsible for building partnerships with our largest LPs across North America.
Prior to joining Carlyle, McCann was Head of Asset Management Distribution for Credit Suisse Securities (Canada) Inc. Previously,
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