Blackstone buys Boynton Beach apartment complex for $171M
An entity tied to New York-based investment behemoth Blackstone bought the One Boynton apartment complex for $171 million. The buyer, which lists several Blackstone executives, purchased the 494-unit apartment complex at 1331 and 1351 South Federal Highway in Boynton Beach from an affiliate of Atlanta-based RangeWater Real Estate, according to records. The deal breaks down […]
N4 Partners adds former KPMG senior partner to Advisory Board
Glasgow-based investment N4 Partners (N4) has appointed former KPMG Partner, Phil Charles, to its Advisory Board. Charles has spent over two decades working at KPMG where he was latterly a Senior Partner, leading the global accountancy firm’s services to the Private Enterprise market across Scotland. An N4 spokesperson, says: “We’re delighted Phil has joined the […]
Blackstone wraps up $10B deal for QTS Realty
Blackstone has closed a previously announced deal to acquire QTS Realty Trust, a provider of data center space, for approximately $10 billion including debt. Funds for the investment will come via affiliates of Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust and Blackstone Property Partners. QTS Realty’s footprint spans more than 7 million square feet […]
Riverside and Investcorp Announce Sale of Arrowhead Engineered Products
The Riverside Company (Riverside) and Investcorp, a global provider and manager of alternative investment products, have sold Arrowhead Engineered Products (AEP) to Genstar. Specific terms of the transaction were not disclosed. Founded in 1985, AEP is a leading global engineer and omni-channel distributor of non-discretionary, proprietary-branded, aftermarket replacement parts for outdoor power equipment, powersports, specialty […]
Nordic Capital: Inovalon and the future of healthtech
Nordic Capital focuses mainly on three core sectors: healthcare, technology & payments, and financial services – and has done a number of deals in recent decades where these areas overlap. A number of them have been in the healthtech space lately, including Philadelphia-based life science company ERT and Boston-based Cytel, which provides statistical models for […]
Addleshaw Goddard advises Sanne Group on GBP1.5bn takeover by Apex
Addleshaw Goddard has advised FTSE 250 client Sanne Group on its GBP1.5 billion recommended cash takeover offer by Apex Group. The AG team was led by Simon Wood and included corporate associates Jenny Crossan and Vinay Rawal, together with a wider team from the firm’s financial services, antitrust and regulatory teams. Sanne Group is a […]
NexPhase Capital Backs Selerix Systems
NexPhase Capital LP, an operationally-focused private equity firm, has invested in Selerix Systems Inc., a provider of cloud-based benefits administration and employee engagement software. Lyle Griffin, co-founder and president of Selerix, said, “Over the last two decades, we have grown Selerix into an industry-trusted, respected brand, and we’re looking forward to entering our next chapter of […]
Private equity firm Livingbridge takes majority stake of Jungle Creations
Control of Jungle Creations, pioneers in the transition from social media to real-life experiences, has passed to a private equity firm as the owners capitalize on recent success to power growth. Livingbridge bought a 51% stake in the outlet for £30m after Jungle’s founders sought to build on a bumper 2020 by obtaining the investment […]
Cadence Business Finance Agents $73.5 Million Revolving Credit Facility for NuBridge Commercial Lending
NuBridge Commercial Lending, a national commercial real estate bridge lender, entered a $73.5 million 36-month revolving credit facility with a syndicate of banks, with Cadence Business Finance serving as agent. The bank group also includes Sunflower Bank, Congressional Bank and Dominion Bank. Cadence originally committed $30 million to NuBridge and successfully increased the facility through […]
KKR leads $3.7bn deal for Australia’s Spark Infrastructure
A consortium led by US private equity group KKR has struck an US$3.72bn deal to acquire Australian energy investor Spark Infrastructure, as the country’s assets draw strong interest from global funds. Spark said in a filing to the Australian Securities Exchange on Monday that the approach, which also includes Canada’s Ontario Teachers’ Pension Plan and […]
