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IDG Capital Partners has held the final closing of IDG Capital Fund III with commitments totalling USD1 billion, in partnership with Breyer Capital, a Silicon Valley-based venture capital investor.
The new fund will focus on investing in next-generation opportunities in technology, media and telecommunications (TMT), healthcare, energy, and consumer products, both in China as well as in global companies looking to enter the Chinese market.
Since IDG Capital entered China in 1993 as the country's first technology venture capital and private equity investment firm, it has invested in many companies that went on to become leaders in their respective
- 13/07/2016
CG Commercial Finance (CGCF) has sold all of the outstanding stock of the company to funds managed by Atalaya Capital Management.
CGCF says transaction represents an important milestone in the firm’s long-term growth strategy establishing the capital resources to exponentially grow its originations platform; increase its funding capacity; and expand its third-party buy desk, referral, and syndication program.
“As CGCF and Atalaya have worked closely in the past funding large ticket, complex transactions, we are excited to be able to complete this transaction and join forces with the team at Atalaya. With the capitalisation provided by Atalaya, in addition
- 13/07/2016
Agilitas, a pan-European mid-market private equity firm, has sold its portfolio company Ionisos to Ardian, an independent private investment company, for an undisclosed consideration.
Agilitas invested in Ionisos, alongside management, in December 2014. During Agilitas’s ownership, Ionisos has boosted its sales and marketing efforts gaining strategic global European customers as well as growing sales to existing customers across a wider range of technologies and services.
Ionisos also invested in its sterilisation facilities, adding capacity and increasing efficiency, thereby improving the service rate to its wide customer base.
The management team has been strengthened by the addition of Laurent
- 13/07/2016
- 13/07/2016
Audax Private Equity has completed the sale of Winchester Electronics to Snow Phipps, a private equity firm based in New York, in conjunction with management and other investors.
Terms of the transaction have not been disclosed.
Headquartered in South Norwalk, Connecticut, Winchester is a provider of custom engineered interconnect solutions for high reliability applications in the military/aerospace, medical, semiconductor, oil and gas, and other diversified end markets.
Since Audax’ initial investment in 2006, Winchester has completed 13 acquisitions, diversifying the company’s customer and end-market exposure, shifting business mix toward higher growth and higher margin ruggedized applications, and broadening
- 13/07/2016
Array Technologies, a manufacturer of solar tracking solutions, has secured an investment from funds managed by the Power Opportunities group of Oaktree Capital Management.
Oaktree has partnered with Array to provide the company with capital and strategic support to expand its global footprint as a leading provider of utility-scale solar tracking solutions. Terms of the investment were not disclosed.
Oaktree’s Power Opportunities group is a private equity investment strategy focused on accelerating the performance of businesses in the energy and power industries. The team seeks investments in leading companies that provide infrastructure, equipment, services and software used in the
- 13/07/2016
Middle market private equity firm Wynnchurch Capital has expanded its team with the addition of Alison Miller, who has joined the firm as director.
Miller is focused on sourcing new investment opportunities that fit Wynnchurch's operations-oriented investment approach. She also supports the firm’s strategic relationships with the bankruptcy and restructuring M&A community.
"Alison brings over a decade of restructuring experience across a number of industries," says Wynnchurch's managing partner John Hatherly. "We feel she is a strong addition to our origination effort."
Miller began her career in the restructuring group in the New York office of Kirkland &
- 12/07/2016
Praesidian Capital Europe, a provider of senior and subordinated debt and growth capital in the UK and Northern Europe, has invested first lien debt in SASH-Fitrite Group, a provider of uPVC windows, doors, conservatories and decking across the UK.
The funds support the June 2016 acquisition of the company by management investors John Ross and Nick Liburn and the realisation of their growth plan.
Yorkshire-based Ross and Liburn were formerly CEO and group finance director of Safestyle UK, respectively.
SASH-Fitrite is a manufacturer of u-PVC windows, doors and conservatories as well as decking and fencing. With a 50-year
- 12/07/2016
Patron Capital, the pan-European institutional investor focused on property-backed investments, has closed its fifth fund raising EUR949 million (USD1.05 billion), including approximately EUR143 million (USD158 billion) of co-investment capital.
Greenhill & Co acted as the placement agent.
Patron Capital V exceeded its original target of EUR750 million (USD830 million), attracting investors from nine countries, with the majority of commitments coming from North America, followed by Europe, Asia Pacific and the Middle East. Investors included pension funds, sovereign wealth funds, endowments, foundations and asset managers.
Fund V will continue the same investment strategy as Patron’s previous funds, opportunistically targeting
- 12/07/2016
Monroe Capital has appointed Marc Adelson as managing director, originations.
Adelson joins Ben Marzouk and Lee Stern in the firm’s New York office.
“We are very excited to add Marc to the Monroe Capital team,” says Ted Koenig, president and chief executive of Monroe Capital. “Marc has an accomplished career of over 30 years providing financing solutions to middle-market companies and brings with him many great relationships and a wide range of experience across multiple industries.”
Prior to Monroe, Adelson was the chief credit officer of Medallion Financial and president of its asset based lending business. Prior to
- 12/07/2016
- 12/07/2016
A fund managed by BlackRock Real Assets has completed the acquisition of a 100 per cent interest in two operational wind projects in Ireland from GE Energy Financial Services.
The 17-megawatt Acres wind farm located in Donegal and the 34-megawatt Barranafaddock wind farm located in Waterford have been operational since mid-2015. The projects are supported by a 15-year power purchase agreement.
The projects benefit from GE technology with a long-term Operations & Maintenance (O&M) agreement in place.
“We are very pleased to invest in the Acres and Barranafaddock wind projects on behalf of our clients. This transaction represents
- 12/07/2016
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