Private Equity
Alexander Mann Solutions, which is backed by OMERS Private Equity, said Nov. 5 that David Leigh was named CEO effective Nov. 11. Leigh succeeds Rosaleen Blair CBE, Alexander Mann’s founder and current CEO, who will become chair of the board. Alexander Mann provides recruiting and staff to companies.
4 min read · 05 November 2019
Private equity is bidding for game developer Leyou Technologies Holdings Ltd, Bloomberg is reporting. Bain, CVC and KKR are vying for Leyou, which has hired Moelis as its financial adviser, the story said.
1 min read · 05 November 2019
OpenGate Capital said Nov. 4 that its second institutional fund closed at about $585 million, above its $450 million target. OpenGate Capital Partners II & II-A LP includes 23 LPs from seven countries, including pensions, asset managers, consultants, fund of funds, wealth managers, and insurance companies from the US, Europe and the Middle East. The firm targets lower middle market businesses throughout North America and Europe across four focus industries: industrials, technology, consumer and business services.
2 min read · 05 November 2019
KKR said Nov. 5 that its fifth European fund closed on 5.8 billion euros ($6.5 billion). KKR is investing $400 million of capital alongside investors through its balance sheet and employee commitments. KKR European Fund V targets companies in Western Europe in five priority sectors of TMT, consumer & retail, business & financial services, industrials and healthcare.
3 min read · 05 November 2019
Amulet Capital Partners LP said Nov. 4 that its portfolio company Open Health has agreed to merge with Pharmerit International LP. Financial terms weren’t announced. Open Health is a health communications and market access group.
4 min read · 04 November 2019
Zedra Group, backed by Corsair Capital, said Nov. 4 that it acquired LJ Fiduciary. Alvarium is the seller. LJ Fiduciary provides private client, fund and corporate administration services.
2 min read · 04 November 2019
Silver Lake said to seek stake in NY Knicks, Rangers; Rapyd rejects PE; Why Goldman is pushing into the middle market
2 min read · 04 November 2019
Align Financial Holdings LLC, a portfolio company of Bregal Sagemount, has acquired Deposit Choice LLC. Financial terms weren’t announced. Deposit Choice provides surety bonds and insurance products to the multifamily industry.
3 min read · 04 November 2019
Align Financial Holdings LLC, a portfolio company of Bregal Sagemount, has acquired Deposit Choice LLC. Financial terms weren’t announced. Deposit Choice provides surety bonds and insurance products to the multifamily industry.
3 min read · 04 November 2019
Resolute Industrial Holdings LLC, a portfolio company of AE Industrial Partners, said Nov. 4 that it acquired American Equipment Group. Financial terms weren’t announced. American Equipment, of Worcester, Massachusetts, consists of: American Spot Cooling, which provides temporary cooling, heating, dehumidification, and power solutions, and sister company American Power Rental, which offers temporary HVAC products including generators, power distribution, and transformers.
3 min read · 04 November 2019
