Deals

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The energy-focused private equity firm in Texas has collaborated with Canada’s Ontario Teachers’ Pension Plan and long-time partner RedBird Capital Partners to acquire oil & gas assets in Texas and Louisiana.

The UK-focused firm’s latest offering is almost twice the size of its predecessor.

The CEE specialist will initially invest in the region on a deal by deal basis.

The pan-European firm held a first close for the vehicle on €1.3m within the last week.

The Spanish real estate specialist, which is currently in market targeting €125m for its debut private equity fund, has acquired a majority stake in gastronomy business Sosa Ingredients.

The oversubscribed fund, raised by alumni from Brazos Private Equity Partners, reflects the importance of a track record and team experience when raising a debut private equity fund.

H1 deal volumes are on a par with 2015 despite uncertainty caused by the EU referendum, but in H2 the number of deals are ‘likely to be lower’.

The firm has received a new commitment from the New Mexico State Investment Council.

The sale of Fidor comes after the firm offloaded six European assets earlier in the year in a direct secondaries transaction worth €96m.