IMCO to acquire UK-based Green Frog Power
The Investment Management Corporation of Ontario (IMCO) is to acquire 100 per cent of Green Frog Power Ltd (Green Frog) and will invest up to $500 million (£288 million) over the next several years, to transform the business into an owner and operator of utility scale batteries and execute on its pipeline of battery projects […]
Fintech unit of Malaysia’s AirAsia secures up to $100 mln from SK Group
South Korea’s SK Group will invest up to $100 million in the financial technology unit of AirAsia Group Berhad , the Malaysian budget carrier said in a statement on Friday. BigPay, a unit of AirAsia’s digital arm, offers a prepaid debit card, local and international money transfers, micro-insurance, bill payments and a budgeting tool. “Our […]
Beech Tree Private Equity invests in expansion of Ancoris
Beech Tree Private Equity has invested in pure-play Google Cloud expert Ancoris. Alantra advised Ancoris on the deal. Ancoris is a cloud-based Google services provider, offering a full suite of services, and tailored solutions based on clients’ project size and complexity. Ancoris has recently expanded its service offering in data and AI, cloud migration and […]
Real Madrid And Barcelona Unite To Condemn Private Equity Deal With CVC
Real Madrid and Barcelona united on Thursday to criticise La Liga’s agreement to sell 10 percent of its business to private equity firm CVC Capital Partners for 2.7 billion euros ($3.2 billion). The deal, the first of its type by a major European league, values La Liga at 24.2 billion euros. La Liga will, however, […]
NewSpring raises $364m for fourth mezzanine fund
NewSpring, a family of private equity strategies, has held the final close of its fourth mezzanine fund, NewSpring Mezzanine Capital IV (NSM IV). In total, the Fund raised $364.3 million, making it the largest mezzanine fund the Firm has raised to date. “For investors, this Fund gives them the exciting opportunity to actively participate […]
€150M PEST CONTROL MANUFACTURER TO BE ACQUIRED FROM LDC
A €150m-turnover Yorkshire-based pest control products manufacturer is set to be acquired from private equity firm LDC. Pelsis Group has announced it will be acquired by specialist investment manager Pamplona Capital Management this September. LDC backed the secondary buyout of Pelsis in August 2017 to help drive global growth. With LDC’s support, Pelsis delivered a […]
UK private equity investment at highest level for five years
New research from KPMG has revealed that private equity investment, both in terms of value and number of deals, has reached levels not seen since 2017 in the first half of 2021. A total of 785 deals were completed for an overall value of GBP73.7 billion pounds after factors such as the vaccine rollout and […]
Real Madrid opposes private equity’s €2.7bn Spanish football deal
Spain’s top football league has agreed a €2.7bn deal with CVC Capital Partners that could bring private equity into a major European league for the first time, sparking strong opposition from Real Madrid, one of its biggest teams. The deal with La Liga, which has not been agreed by clubs, values it at just over […]
Morgan Stanley Investment Management raises $1.6bn for North Haven Credit Partners III
Morgan Stanley Investment Management has raised $1.6 billion for North Haven Credit Partners III (NHCP III), exceeding its original fundraising target by 29 per cent. Investors in NHCP III, the successor fund to North Haven Credit Partners II, include public and private pension funds, sovereign wealth funds, insurance companies and individual investors. The Fund, managed […]
Investcorp posts record AUM at $37.6bn in fiscal 2021
Investcorp, a leader in alternative investment, continues to show resilience to Covid-19 impact with 17% growth in assets under management (AUM) to a record high of $37.6 billion in the fiscal year ended June 30, 2021. Investcorp’s FY21 results were driven by good levels of activity across the core businesses of private equity, real estate, […]
