Private Equity

Quinbrook Signs Tesco And Shell Offtake Agreements From UK’s Largest Consented Solar + Battery Storage Project

By Amit Chowdhry ● Oct 21, 2024

Quinbrook Infrastructure Partners (a specialist global investment manager focused exclusively on the infrastructure needed for the energy transition) announced two long-term offtake agreements with Tesco and Shell covering 100% of the solar power generation from its Cleve Hill Solar Park (“Cleve Hill”). Cleve Hill, a 373MW solar + 150MW battery storage project, is the largest ever constructed in the UK and is due to commence operations in early 2025.

Emerald Lake Capital Management Adds New Investment Team Members

By Amit Chowdhry ● Oct 19, 2024

Emerald Lake Capital Management announced three recent additions to the firm's investment team: Stephen Burhenn has joined from Ares Management, Derrick Lee has joined from Cinven, and Katie Slodzinski has joined from Goldman Sachs.

Renovus Capital Partners: Fourth Private Equity Fund Closed At $875 Million

By Amit Chowdhry ● Oct 17, 2024

Renovus Capital Partners - a Philadelphia-area private equity firm - announced the closing of its fourth private equity fund Renovus Capital Partners IV Core Buyout, L.P., which was significantly oversubscribed with total capital commitments of $875 million.

Mill Point Capital: Fund III Closed At $1.7 Billion

By Amit Chowdhry ● Oct 16, 2024

Mill Point Capital, a New York City-based private equity firm, announced the final closing of Mill Point Capital Partners III, L.P. And with about $1.7 billion of total capital commitments closed in less than five months from launch, Fund III, consistent with its predecessor funds, was oversubscribed and closed at the hard cap.

Angeion Group Raises Majority Investment From Renovus Capital Partners

By Amit Chowdhry ● Oct 15, 2024

Renovus Capital Partners, a private equity firm based in Philadelphia, announced that it has acquired a majority stake in class action case management solutions provider Angeion Group. Angeion founder and CEO Steven Weisbrot and senior members of the management team have maintained a significant ownership stake in the company and will continue to drive the platform's growth in partnership with Renovus.

POLARIS Laboratories Raises Strategic Investment From Riverspan Partners

By Amit Chowdhry ● Oct 13, 2024

POLARIS Laboratories - an industry leader in fluid analysis testing and reliability services - announced it has received a strategic investment from Riverspan Partners, a Chicago-based private equity firm specializing in growth-oriented investments in the industrial sector. And Riverspan’s support will bring expertise for POLARIS to advance its position as the independent global leader in maintenance and reliability condition monitoring services.

BlackRock Now Managing Record $11.5 Trillion Of Assets

By Amit Chowdhry ● Oct 11, 2024

BlackRock announced it reported a record $11.5 trillion of assets under management (AUM) for the third quarter. This is up from $9.1 trillion one year ago and $10.6 trillion in the last quarter.

Thompson Street Capital Acquiring Green Mango Pest Control

By Amit Chowdhry ● Oct 10, 2024

Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced the acquisition of Green Mango Pest Control by PestCo Holdings, a growth-oriented, national provider of pest control services to residential and commercial customers and a TSCP portfolio company. Launched in 2011, Green Mango has provided residential pest control services in the Phoenix, Arizona area for over ten years.

Shore Capital Partners: Nearly $2 Billion Closed For Three Funds, With AUM Hitting $9.1 Billion

By Amit Chowdhry ● Oct 10, 2024

Shore Capital Partners - a private equity firm focused on lower-middle market investments - announced the closing of its inaugural Healthcare Advantage Fund, second Business Services Partners Fund, and first Shore Search Partners Fund. These three funds each exceeded their targets and together represent over $1.9 billion in commitments, bringing the firm’s assets under management to $9.1 billion.

Automated Industrial Robotics Buying Ireland-Based Robotics & Drives

By Amit Chowdhry ● Oct 10, 2024

Automated Industrial Robotics announced the acquisition of Robotics & Drives (RDS), an Ireland-based industrial automation company focused on delivering innovative solutions through robotics technology. The deal further reinforces AIR’s presence in Europe, strengthens the company’s ability to integrate robotics solutions into its automated systems, and adds to the product portfolio. The deal was funded primarily by an additional Ares Management Private Equity fund investment. The terms of the transaction were not disclosed.

Butterfly Equity Buying Luxury Wine Company The Duckhorn Portfolio For $1.95 Billion

By Amit Chowdhry ● Oct 10, 2024

The Duckhorn Portfolio, which is North America’s premier luxury wine company, and Butterfly Equity (a Los Angeles-based private equity firm specializing in the food and beverage sector) announced that they have entered into a definitive agreement, pursuant to which Duckhorn will be acquired by private equity funds managed by Butterfly in an all-cash transaction that values the company at approximately $1.95 billion.

Summit Partners: $9.5 Billion Raised For Twelfth U.S. Growth Equity Fund

By Amit Chowdhry ● Oct 7, 2024

Global growth equity investment firm Summit Partners announced the closing of its latest flagship U.S. growth equity fund. Summit Partners Growth Equity Fund XII launched fundraising in late April 2024 and held its closing after approximately five months with $9.5 billion in capital. Consistent with the firm’s prior funds, the general partner will be Summit XII's largest investor.

Turnspire Capital Partners To Buy GHP Group

By Amit Chowdhry ● Oct 6, 2024

Turnspire Capital Partners announced that an affiliate has acquired GHP Group, a leading designer and supplier of consumer outdoor living and indoor heating products. Based in Niles, Illinois, GHP is a prominent leader in designing, sourcing, and supplying patio heaters, fireplaces, portable heating products, barbecue grills, and water dispensers under a portfolio of well-recognized brands, including Dyna-Glo, Bond, Pleasant Hearth, and Vitapur.

ICE USA Acquires Robert G. Campbell & Associates

By Amit Chowdhry ● Oct 6, 2024

Godspeed Capital Management - a lower middle market Architecture, Engineering, & Consulting (AEC) and government services-focused private equity firm - announced the acquisition of Robert G. Campbell & Associates (RGC&A) by ICE USA, its transportation-focused engineering and consulting services and solutions platform holding company. The deal marks the second addition to Godspeed’s expanding ICE USA platform and deepens its surveying, civil engineering, and construction management capabilities for public works and transportation agency customers within the highly attractive Tennessee market.

LGT Capital: Crown Global Secondaries VI Fund Closed At Over $7 Billion

By Amit Chowdhry ● Oct 6, 2024

LGT Capital Partners announced it has completed the final closing of its flagship secondaries fund, Crown Global Secondaries VI (CGS VI), surpassing the original target size of $6 billion.

H.I.G. Capital: Acquisition Of SkinCure Oncology Completed

By Amit Chowdhry ● Oct 6, 2024

H.I.G. Capital - a leading global alternative investment firm with $65 billion of capital under management - announced that one of its affiliates has completed the acquisition of SkinCure Oncology Intermediate, a leading provider of image-guided superficial radiation therapy (IG-SRT) solutions.

Ansley Park Capital: $200 Million In Funding Surpassed In Q1

By Amit Chowdhry ● Oct 4, 2024

Ansley Park Capital, a premier lending and specialty finance platform, announced a major milestone in its first full quarter. The company has funded $200 million across various industries, bringing the total originations to over $250 million since its inception.