peHUB First Read

Today First Read brings you news of Partners Group’s renewable energy fundraising; what low rates are doing for buyout deals and why the UK is a strong growth market.

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peHUB First Read

This Thursday morning First Read reveals news on a slowdown on Indian dealflow; how foreign VC has helped Chinese companies and a universal panick that the metal coating that makes iPhones touch sensitive is running out.

Partners Group Acquires Majority Stake in CSS Corp

Partners Group has acquired a majority stake in CSS Corp in a $270 million transaction. CSS Corp is a global technology support services business and provides a range of services, including mobility solutions, cloud enablement, technical support and remote infrastructure management.

AnaCap Sells Cabot Credit Management to J.C. Flowers

AnaCap Financial Partners has sold Cabot Credit Management to funds managed and advised by J.C. Flowers & Co. CCM was formed after the merger in April 2011 of two businesses, Apex Credit Management and Cabot Financial, purchased by funds advised by AnaCap and its co-investors, Morgan Stanley Alternative Investment Partners and Partners Group.

Partners Group to Open Milan Office

Partners Group and Perennius Capital Partners are to integrate all their investment and client service activities in Italy. Perennius Capital Partners has been Partners Group’s exclusive Italian partner since its foundation in 2007. Its Milan office will bring Partners Group’s total number of offices to 16 worldwide.

Partners Group Board Changes

Partners Group has announced two planned additions to the board of directors of Partners Group Holding AG combined with changes in its chief executive office and executive board. The suggested changes remain subject to clearance by the regulatory authorities.

Partners Group Closes Third Global Value Program

Partners Group has closed its 2011 vintage global value program with 680 million euros ($887.4 million) in commitments. The program is the third and largest in Partners Group’s Global Value series, following 2006 and 2008 vintage programs, which closed on over 400 million euros and over 530 million euros respectively.

Partners Group Backs Softonic

Partners Group has invested in Softonic. The business is a multiplatform software guide which allows users to explore, download and manage software applications on multiple devices in more than ten different languages.

IIF MD Charles Dallara to Join Partners Group

Partners Group has appointed Charles Dallara, currently managing director of the Institute of International Finance, as a partner, based in the United States. He will also assume the role of chairman of the Americas. In addition, the board of directors will propose Dallara as a new board member and vice chairman of the board of directors of Partners Group. Dallara has been the managing director of the IIF since 1993.

Partners Group Backs SBF

Partners Group is to invest in SBF Group, a Brazilian sporting goods retailer. The transaction is subject to customary regulatory approvals and is expected to close by year end.

Partners Group to Expand Free Float of Company

Global private markets investment manager Partners Group is in discussions with its founding partners and largest shareholders, Dr. Marcel Erni, Alfred Gantner and Urs Wietlisbach, regarding a proposal by which they will seek to collectively invest CHF300 million ($318.2 million) in programs with direct investment content alongside the firm’s clients. The founding partners’ investments would be funded through a potential placement of a minority portion of their total shareholdings in the company, amounting to approximately 1.6 million shares.

Partners Group To Help Finance LBOs

Partners Group AG plans to use its new €375 million ($483.7 million) credit vehicle to fill a gap in leveraged lending, and in its investors’ portfolios. But it doesn’t plan to take advantage of financial distress in European markets.

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