|
Almeida Capital is pleased to be a premier sponsor of AltAssets
|
FREE newsletter RSS
INTELLIGENCE
RECRUITMENT
KNOWLEDGE BANK
EVENTS
SECTOR ANALYSIS
HEDGE FUNDS
|
Click here for printer friendly page
Weekly Deals and Funds Roundup: 24 August 200524/08/2005. Source: AltAssets. 
 A selection of the latest deal and fund news from across the globe - essential reading for those who need to keep up-to-date with the industry's key developments.
This weekly roundup provides an update on deals and fund activity that did not feature as separate stories in AltAssets' daily news service.
DEALS
American Capital Strategies has invested $45m in the recapitalisation of electronic content outsourcing firm TechBooks. American Capital's investment takes the form of senior and junior subordinated debt and convertible preferred equity. TechBooks management is maintaining a controlling equity interest. Post close, American Capital will own approximately 20 per cent of TechBooks, on a fully diluted basis. American Capital is a publicly traded buy-out and mezzanine fund with capital resources of approximately $5.4bn.
NBGI Private Equity has backed a £40m MBO of insulation manufacturer Superglass. The business has been acquired from Encon. NBGIPE has a particular focus on investments in 'traditional economy' businesses, largely domiciled in the UK or Ireland.
3i has sold its stake in EAT to Penta Capital in a £39m refinancing, of which Barclays has committed £18m. Founded in 1996 by husband and wife team Niall and Faith MacArthur, the first EAT sandwich shop opened in Villiers Street in London in October that year. 3i first invested seed capital in the company in October 1997. The firm has been a long-term partner in the business, backing the company through four further investment rounds since the original investment. EAT currently operates from 45 stores.
FUNDS
Impax Group, the AIM quoted financial services business dedicated to the environmental markets sector, has launched and held a first closing of Impax New Energy Investors, a private equity fund targeting investments in projects in the renewable energy and related sectors, predominantly in Western Europe. The New Energy Fund's first closing on €60m has been supported by Dexia Crédit Local, the sponsoring investor and a provider of finance to the energy and infrastructure sectors in Western Europe, together with several other major financial institutions including British Airways Pension Fund, Co-operative Insurance Society, Universities Superannuation Scheme, and South Yorkshire Pensions Authority. Impax said it would continue to market the fund to new investors with the aim of reaching the target fund size of at least €125m within twelve months. The New Energy Fund aims to exploit the investment opportunities in Europe arising from the legally binding European targets for renewable energy supply. The new fund takes Impax's funds under management and advisory to over £150m.
Copyright © 2005 AltAssets
|
 
|
|
|
