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A survey of general and limited partners conducted by SunGard and Longitude Research has found that the private equity industry has good opportunities to grow and expand its reach, but its leaders predict mounting pressure on fees, costs and the amount of information provided.
The report found that with many LPs increasing their exposure to private equity and real estate in the face of low returns from traditional investments, 96 per cent of GPs are considering offering funds with more diversified investment strategies in the next two to three years and roughly the same are considering raising more money.
Paine & Partners, a global private equity investment firm focused on investing in food and agribusiness, is to sell Icicle Holdings to Convergence Holdings and Dominion Catchers.
Under the transactions, Convergence will acquire Icicle's land-based wild seafood processing and farmed salmon activities, and Dominion will acquire the Company's harvesting and processing vessels as well as the associated fishing rights. Convergence and Dominion have agreed to enter into long-term contracts to continue Icicle's diversified seafood operations following the completion of the transactions. Financial terms of the transactions and of the agreement between Convergence and Dominion have not been disclosed.
"We
Nordic Capital Funds VI and VII are to sell Brink Group BV (Brink), a manufacturer of towbars, to H2 Equity Partners Fund IV (H2). The new owners will continue to support the company’s growth and strategy.
Brink is one of the global market leaders in towing systems. Brink develops, manufactures and sells fixed, detachable and retractable towbar systems in all major Western European aftermarkets and internationally to all major car manufacturers. Brink has approximately 600 employees in seven countries and five manufacturing locations in the Netherlands, France, UK and South Africa.
“During Nordic Capital’s ownership Brink has continuously invested in
LBO France has sold Cityvision Group and La Marina de Bercy to Ekkio Capital. The sale follows the takeover of L’OpenTour Paris by RATP Dev, through the sale of SLT (Société des lignes touristiques) and SELT (Société d’exploitation des lignes touristiques) on 12 June 2015.
Since L’OpenTour Paris was acquired by LBO France in 2008, it has strengthened its position as Paris’ market leader in tourist transportation by constantly increasing its revenues and passenger numbers, with 2 million visitors in 2014.
Before these sales, Cityvision Group operated three main lines of business:
• L’OpenTour: open-top hop-on hop-off bus tours in
Fifth Street Finance Corp (FSC) has sold its portfolio company, HFG Holdings, a specialty lender providing asset-backed lending and term loan products to various segments of the healthcare industry, to MidCap Financial.
FSC acquired HFG in June of 2013 and, together with management, expanded the company's suite of products and capabilities, positioning it for future growth.
"Over the course of our strategic review, we decided that it was important to refocus FSC on our core lending businesses, particularly middle market sponsor-backed lending as well as technology lending and aircraft leasing," says Todd G Owens, Chief Executive Officer, adding, "We see
Gasum is selling its local distribution networks Gasum Paikallisjakelu Oy and Helsingin Kaupunkikaasu Oy to private equity firm SL Capital Partners infrastructure fund SL Capital Infrastructure I (SLCI I).
The transaction is part of Gasum’s strategy to focus on the development of the Nordic gas market and energy infrastructure through environmentally friendly solutions. Gasum has invested in the liquefied natural gas (“LNG”) distribution infrastructure and is focusing strongly on increasing the market for Finnish and renewable biogas. LNG offers an excellent opportunity for reductions in transport emissions on land as well as at sea. Biogas helps achieve even larger carbon
As the costs of doing business have increased, more and more hedge fund managers are adopting the cloud; this has revolutionised the way all businesses operate, not just hedge funds.
But as technology improves and brings greater operational efficiency and data management capabilities to hedge funders, they are having to walk a tight line between bolstering security on the one hand, and justifying the costs on the other.
The arrival of cheaper and faster bandwidth means that everyone is always connected and as Andrew Flatt, CTO at Omni Partners LLP, a London-based hedge fund manager comments, “we are all ‘always-on’.”
Paul Hastings has advised Masonite International Corporation in connection with the proposed sale of Premdor France Group to the investment fund Perceva.
Masonite International Corporation is listed on the NYSE and is one of the global leaders in manufacturing doors for construction, with sales of USD1.8 billion in 2014 and 10,300 employees around the world.
Alvarez & Marsal advised Premdor France Group, a company that manufactures and sells wooden and metal doors principally in France and had sales of approximately EUR100 million in 2014, employing 635 people.
Completion of the transaction is subject to the opinion of the
An affiliate of private equity firm KSL Capital Partners has completed the sale of the Malmaison and Hotel du Vin hospitality chains to an affiliate of Frasers Hospitality UK Holdings Limited.
Malmaison and Hotel du Vin will join Frasers Hospitality’s three award-winning serviced residence offerings – the Gold-Standard Fraser Suites, Fraser Place and Fraser Residence – as well as Modena by Fraser, a modern lifestyle brand targeted at young executives constantly on the go, and Capri by Fraser, a design-led hotel residence aimed at the business traveller.
“We are grateful to have been a part of Malmaison and Hotel du
James Cowper Kreston Corporate Finance has advised Specialist Tours Limited on its disposal to Kings Park Capital LLP – a private equity investor focussed on the leisure sector.
Kings Park Capital has acquired a majority stake in Specialist Tours for an undisclosed consideration.
In 2013, Specialist Tours received funding from Panoramic Growth Equity to acquire Andante Travels – the leading provider of archaeological tours. The investment was made from Panoramic's Enterprise Capital Fund 1 and supported management plans for organic and acquisitive growth. Since 2013, Specialist Tours has acquired three other niche travel companies – Historical Trips Limited, Lindstone,
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
