SS&C to administer $7.5bn wealth manager’s private equity fund of funds
Mandate win follows a string of fund services agreements SS&C has won in recent months as it hit the $2trn in assets under administration mark. SS&C Technologies has been appointed as the fund administrator by $7.5 billion wealth management firm Diversified Trust for its private equity fund of funds platform. The fund services giant will […]
Maguar Capital Partners closes debut fund at EUR104m hard cap
Maguar Capital Partners (Maguar) has held the final closing of its debut fund, Maguar I, at its EUR104 million hard cap. Despite challenging market conditions, the Maguar 1 fund attracted significantly more demand than it could accept, and was oversubscribed with commitments from leading European and US-based institutional investors, such as Aberdeen Standard Investments, Adams […]
Quartet of firms closes Cubic’s $3 bln takeover by private equity duo
Sidley Austin and Faegre Drinker Biddle & Reath have wrapped up defense and transportation technology company Cubic Corp’s $3 billion take-private purchase by two private equity firms, with Skadden, Arps, Slate, Meagher & Flom and Gibson, Dunn & Crutcher guiding the buyers. Cubic announced on Tuesday that it had been delisted from the New York […]
Vanguard Group’s private equity retail push gets real as it launches buyer-beware products this summer
The $7.1 trillion Malvern, Pa.-based manager will first sell HarbourVest private shares with stern warnings before making alts part of Vangaurd Personal Advisor Services portfolios Vanguard Group is set to private-label the private-equity funds of a $79-billion Boston alternative assets manager and peddle them to thousands of high-middlebrow private investors — by way of its […]
PAI to invests in Apave Group
GAPAVE, the association which owns Apave Group (Apave), a specialist in the field of technical, environmental, human and digital risk management, is in exclusive negotiations with PAI Partners, a European private equity firm, whereby PAI would become a shareholder of Apave alongside GAPAVE. Following the transaction, GAPAVE would remain the Group’s largest shareholder. For 150 […]
Browne Jacobson advises Omega Crop on GBP1.2m seed round investment
Browne Jacobson’s Corporate Technology team has advised Omega Crop, an agricultural modelling and remote sensing business, on its GBP1.2 million seed round by science business builder, Oxford Sciences Innovation (OSI). Omega Crop (formerly operating as Dark Horse Technologies) was set up by two MBA students from the University of Oxford and specialises in the supply […]
Audley Group and BlackRock Real Assets create new half a billion-pound JV
Audley Group, a UK provider of retirement villages, and BlackRock Real Assets, have formed a joint venture (JV) in a landmark deal that marks the investment group’s entry into the retirement living sector in the UK. The joint venture will fund the development of retirement communities including at least three mid-market villages within the Audley […]
BlackRock and heylo agree GBP362.5m funding facility for shared ownership homes
BlackRock has acted as the majority debt provider on heylo housing’s GBP362.5 million acquisition of a portfolio of 3,000 shared-ownership homes through its Home Reach scheme, marking a significant milestone for BlackRock and heylo. heylo is the UK’s specialist provider of shared ownership housing, working with government, Homes England and over 90 house builders to […]
Advent International to sell Circet stake
Global private equity firm Advent International (Advent) is in exclusive negotiations with ICG for the sale of its stake in Circet, a European telecoms infrastructure services company. As part of the potential deal, Circet’s founding team and managers will further increase their stakes in their company. Circet provides its customers with turnkey solutions and tailored […]
FSC completes investment in Spanish consumer finance specialist Ufasa
Financial Services Capital (FSC), a private equity investor dedicated to the European financial services sector, has completed its acquisition of a stake in JZ Lending Ltd, which controls Spanish consumer finance specialist Unión Financiera Asturiana (Ufasa). The Bank of Spain has approved FSC’s investment into this regulated financial services company. Ufasa is an independent consumer […]
