Amanda Janis
The UK firm has purchased Hampson Aerospace Machining for £24m, roughly half of which was comprised of senior and mezzanine debt from Lloyds.
The listed fund of funds surpassed its target, selling shares at or above its current stock price.
The 41-year-old private equity firm beat the $3.5bn target for its latest fund. Its reduction of carry to 20% from 25% is not the only reason it resonated with LPs, managing director Brian Conway told PEO.
Less than two weeks after buying a Maltese bank, the FIG-focused firm has inked a deal for the invoice financing division of debt-laden subprime lender Cattles.
The Swiss alternatives firm has gathered more than a third of the $750m target for its latest global secondaries fund.
Private equity-backed IPO filings and floats are on the rise, but that doesn’t mean public markets will necessarily take over as a preferred exit route.
The FIG-focused firm is deploying a recently closed €575m fund, having in May become the first private equity firm to buy a UK bank.
The firm, fresh from the success of a portfolio company’s $100m NASDAQ IPO, will go to market for a third CEE fund following secondary sales negotiations over its 3i-backed predecessor fund.
Should a deal with CVC materialise, it would mark the second set of assets one of the world’s biggest brewing companies has recently sold to private equity firms.
Barclay's investment banking division continues to ramp up activities with the hire of Matt Grinnell, previously Nomura's co-head of European financial sponsors coverage.