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Category: High Net Worth

KKR Sees “The New Normal”

KKR has released a new report titled “The New Normal” which explores the long-term implications of COVID-19 on cities and consumer trends. “Following a decade of relative prosperity, overlapping calamities in 2020 have brought economic

Triton’s AVS Verkehrssicherung bolts on SRV Verkehrstechnik

Triton portfolio company AVS Verkehrssicherung has acquired Germany-based road marking, traffic and construction site safety business SRV Verkehrstechnik.

Icebreaker leads €1.6m round for Fixably

Finnish business Fixably, which develops software for computer repair technicians, has raised €1.6m in a round led by venture capital firm Icebreaker.

Artemis Sees Future, Forms Optical Tech Platform

Artemis Capital Partners has acquired Omega Optical, a maker of optical filters and coatings. Omega Optical’s products are used to control the passage of light to enable a range of optical applications including flow cytometry

GI Teams with Charlesbank on HVAC Platform

GI Partners has acquired a majority equity interest in American Residential Services. Existing investor Charlesbank Capital Partners and management are also making significant new investments in the business. American Residential Services (ARS), is among the

Dominus Finds Combination for Lockmasters

Dominus Capital has acquired Lockmasters in partnership with the founding Miller family. Lockmasters is a manufacturer and distributor of combination locks, tools, hardware, and educational services to government and security professionals, including automotive locksmiths, general

Benford Closes First Fund

Benford Capital Partners has held a final closing of its inaugural private equity investment fund, Benford Capital Partners Fund I LP. The new fund closed with total limited partner commitments of $130 million, markedly above

Black Lives Matter prompts companies to look into ethnic pay gap

Almost a quarter of companies calculate whether they pay Black employees less than white workers

Avedon’s SLF acquires STI Bearings

Avedon Capital portfolio company Spindel- und Lagerungstechnik Fraureuth (SLF) has acquired Germany-based market peer STI Bearings via an asset deal.

Argonaut Forms American Cementing, Buys BJ Assets

Argonaut Private Equity has acquired the cementing services business of BJ Services which filed for bankruptcy in July 2020 after failing to reach an agreement with its lenders. Tomball, Texas-based BJ Services is a provider

KICTeam Buys Teknipure with Twin Brook Backing

KICTeam, a portfolio company of Inverness Graham since May 2020, has acquired Teknipure, a maker of c. Teknipure is a manufacturer and distributor of products used to prevent, control, and remove contaminants from cleanrooms and

AEI’s Builds Applied Composites

Applied Composites, a portfolio company of AE Industrial Partners (AEI), has acquired Alliance Spacesystems, a manufacturer and designer of composite structures used in satellite and aerospace applications. Alliance’s activities include the fabrication, assembly, and testing

Monroe Backs CORE’s Build of “Industry 4.0”

Monroe Capital provided financing for last month’s buy of GPI Prototype & Manufacturing by Midwest Composite Technologies (MCT), a portfolio company of CORE Industrial Partners. Monroe is an active provider of senior and junior debt

Longshore Closes Debut Fund, Stocks BPO Portfolio

Longshore Capital Partners has closed its debut private equity fund, Longshore Capital Fund I LP, with total and oversubscribed capital commitments of $203 million. The new firm was formed earlier in 2020 by LaSalle Capital

Imperial Advises GPI on Sale to CORE

Imperial Capital was the financial advisor to GPI Prototype & Manufacturing Services on its just closed sale to FATHOM, a portfolio company of CORE Industrial Partners. GPI uses direct metal laser sintering (DMLS) – a

CORE Consolidates Industry 4.0 Platform

Midwest Composite Technologies, a portfolio company of CORE Industrial Partners, has acquired GPI Prototype & Manufacturing Services. CORE has been actively assembling a 3D prototyping and low-volume production services platform since its buy of Midwest

Arlington Sells Centauri at Big Multiple

Arlington Capital Partners has agreed to sell Centauri to publicly traded KBR for $827 million in cash. Centauri is a provider of engineering, intelligence, cybersecurity and advanced technology to intelligence and national defense agencies for

Blackford Sells Ellison Bakery to Tilia

Blackford Capital has sold Ellison Bakery, a manufacturer of bakery products sold to the foodservice industry, and retail and private label sectors, to Tilia Holdings, a Chicago-based firm that invests in the food sector. Ellison

Technical issue forces ECB to use €STR contingency

A technical issue around the data submission meant that the euro area short term rate (€STR) did not have enough data to be calculated in the usual way this morning, forcing the ECB to use

Opalesque Roundtable: The Bahamas emerges as a pandemic safe jurisdiction for family offices

As ultra high net worth investors rethink travel-heavy business models in the wake of covid, the Bahamas has become a popular base of operations, according to participants in the recent Opalesque Bahamas Roundtable. More investment

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