SYDNEY: Wilson Asset Management’s WAM Alternative Assets (ASX: WMA) reported an 8.9% annualised return since its appointment as investment manager in October 2020, outperforming public markets with lower volatility, according to its FY2025 results released Tuesday. The listed investment company (LIC), which offers retail investors access to institutional-grade alternative assets, posted a 5.3% portfolio gain…
Tag: Private equity
Caledonia Investments to sell its minority stake in Stonehage Fleming Family & Partners
LONDON: Caledonia Investments plc said Tuesday it has agreed to sell its minority stake in Stonehage Fleming Family & Partners Ltd., a leading multi-family office, to U.S.-based wealth advisory firm Corient Private Wealth LLC. The transaction, which includes other shareholders, is subject to regulatory approvals in the United Kingdom and other jurisdictions. Completion is expected…
Apax Global Alpha reports interim results amid recommended acquisition by Janus Bidco
AGA’s NAV fell to €1.11 billion as of June 30, down from €1.23 billion at year-end 2024 LONDON: Apax Global Alpha Limited (AGA) reported a decline in net asset value (NAV) for the first half of 2025, as the private equity investment company prepares for a recommended cash acquisition by Janus Bidco Limited. AGA’s NAV…
Vector Capital to acquire Showpad, merge with Bigtincan
CHICAGO: Vector Capital Management, L.P., a private equity firm specializing in transformational investments in technology, announced Wednesday it has entered into a definitive agreement to acquire Showpad, a global leader in AI-powered revenue enablement. The acquisition will pave the way for a merger between Showpad and Bigtincan Holdings, which Vector acquired in April. The combined…
Blackstone to acquire Shermco in $1.6 billion deal to expand energy transition portfolio
NEW YORK: Blackstone (NYSE: BX) announced Thursday that private equity funds affiliated with the firm have entered into a definitive agreement to acquire Shermco, a leading provider of full life-cycle electrical equipment services, from Gryphon Investors. The transaction values Shermco at approximately $1.6 billion. Founded in 1974, Shermco is one of the largest electrical testing…
Community Management Holdings expands national footprint with acquisitions of HOAMCO and AMG
PHOENIX: Community Management Holdings (CMH) announced Thursday the acquisitions of HOAMCO, based in Phoenix, and Alamo Management Group (AMG), headquartered in San Antonio, marking a significant expansion of its national platform for community association management. The move follows CMH’s November 2024 acquisition of CCMC and brings the company’s reach to nearly 500,000 households across 1,000…
Pennington Creek Capital acquires majority stake in Rite in the Rain
DALLAS: Pennington Creek Capital, LLC, a Dallas-based private equity firm wholly owned by the Chickasaw Nation, announced Tuesday a majority equity investment in Rite in the Rain, a Tacoma, Washington-based manufacturer of water-resistant writing and field gear. “This investment in Rite in the Rain represents an important step in our business diversification,” said Chickasaw Nation…
Velociti powers 70% IRR for Literacy Capital in premium exit deal
LONDON: Literacy Capital plc has completed a significant transaction involving its portfolio company Velociti Solutions, selling its stake and re-investing alongside CBPE at a 52 percent premium to the most recently stated carrying value. Velociti, a software provider to the UK and international bus and rail sectors, was originally acquired as EPM Solutions in February…
EQT to acquire majority stake in European pharma company Adalvo from Aztiq
LONDON: Aztiq has agreed to sell its majority stake in Adalvo to global investment firm EQT, expanding EQT’s portfolio in the pharmaceutical sector across Europe, Asia Pacific and the Americas. Founded by Aztiq in 2018, Adalvo has grown into a leading business-to-business pharmaceutical company, employing more than 280 staff and maintaining over 170 commercial partnerships…
Senior plc sells aerostructures unit to Sullivan Street Partners for up to £200 million
LONDON: Senior plc, an international manufacturer of high-technology components and systems, announced Friday it has reached a binding agreement to sell its Aerostructures business to UK-based private equity firm Sullivan Street Partners. The transaction carries a total potential enterprise value of up to £200 million ($259 million USD). The deal positions Senior to become a…
Apax Global Alpha to indirectly invest €4.5 million in Foods Connected via Impact Fund
LONDON: Apax Global Alpha Limited (AGA) said on Wednesday it expects to invest approximately €4.5 million indirectly in Northern Ireland-based food tech firm Foods Connected, through its limited partnership in the Apax Global Impact Fund (AGI). AGI has reached an agreement to acquire Foods Connected from Hilton Food Group Plc, with the transaction expected to…
Blackstone to invest $25 billion in Pennsylvania infrastructure, catalyzing $60 billion more
Blackstone Inc (NYSE: BX) said on Monday it will invest more than $25 billion through its infrastructure and real estate funds to expand Pennsylvania’s digital and energy infrastructure, a move expected to spur an additional $60 billion in third-party investment across the state. The private equity giant aims to transform the Commonwealth into a strategic…