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Portfolio Advisors closes its sixth diversified private equity fund-of-funds at USD1.1bn

Portfolio Advisors closes its sixth diversified private equity fund-of-funds at USD1.1bn

Portfolio Advisors has announced the final closing of its global diversified private equity fund-of-funds, Portfolio Advisors Private Equity Fund VI (PAPEF VI), with total commitments of USD1.103 billion. Limited partners include private and public pension plans, university endowments, private foundations, insurance companies, family offices and high net worth individuals. More than 80% of the total limited partner commitments to the Fund came from investors who had previously invested in one or more PA-sponsored funds.

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SNR Denton advises Standard Chartered Private Equity in USD75m mezzanine investment in Hassan Mohammed Jawad & Sons BSC

SNR Denton advises Standard Chartered Private Equity in USD75m mezzanine investment in Hassan Mohammed Jawad & Sons BSC

SNR Denton advised Standard Chartered Private Equity Limited, the private equity arm of Standard Chartered Bank, in its closing of a USD75 million mezzanine investment in Hassan Mohammed Jawad & Sons BSC, a family-owned private company based in Bahrain.

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Apax Partners to acquire Epicor Software Corporation and Activant Solutions

Apax Partners to acquire Epicor Software Corporation and Activant Solutions

Funds advised by Apax Partners (Apax) have entered into definitive agreements to acquire Epicor Software Corporation (NASDAQ: EPIC), a leading provider of enterprise business software solutions for the midmarket and divisions of Global 1000 companies, and Activant Solutions, Inc, a leading technology provider of business management software solutions for mid-market retail and wholesale distribution businesses. The combined transaction is valued at approximately USD2 billion.

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City & County Healthcare acquires Newcastle’s largest domiciliary care provider, Careline

City & County Healthcare acquires Newcastle’s largest domiciliary care provider, Careline

Sovereign Capital, the UK private equity Buy & Build specialist, has acquired Careline Homecare Limited (Careline) – the market-leading domiciliary care provider in Newcastle – by portfolio company City & County Healthcare Group (“City & County”). This is City & County’s fifth bolt-on acquisition since Sovereign’s investment in 2009.