Chris Witkowsky
NorthEdge Capital has invested £25.5 million in Fine Industries Limited, a Teesside-based manufacturer of fine chemicals. Fine Industries was the subject of a management buyout from a large multinational in 2008. After five years of growth, Craig Morgan, managing director, is leading the latest buyout backed by NorthEdge. The investment will accelerate the capital expenditure program to increase capacity and support the company's growth.
Atomico has raised $476.6 million for its third fund, according to a filing with the U.S. Securities and Exchange Commission.
Limited partners have two main points of concern when it comes to long-lived funds – one is the continual payment of management fees on funds where only a few investments remain. Second, for some of these funds, an inevitable clawback payment is delayed where the GP received carried distributions earlier in the fund life.
Kayne Anderson Capital Advisors has invested $205 million in Panther Energy Company II through its Kayne Anderson Energy Fund VI. Panther II, a private exploration and production company, also has the option to exercise up to $250 million in incremental commitments from co-investors, including total equity commitments to the company to as much as $455 million.
World First UK Limited, which provides foreign exchange, international payment and hedging solutions, has closed a significant minority growth equity investment led by FTV Capital. The investment also includes Industry Ventures and StepStone Group. Founded in 2004, World First will use the investment to accelerate expansion plans.
Shares in Merlin Entertainments jumped more than 12 percent in debut trade on the London stock market on Friday, to value the Madame Tussauds and amusement parks operator at around 3.5 billion pounds ($5.6 billion).
Apollo Global Management reported ENI of $528.6 million for the third quarter, compared to $379 million in the same period in 2012. The firm reported collecting total commitments for its flagship Fund VIII of $12 billion.
Ice Miller has hired Edward Braum to its Columbus, Ohio, office, as a partner in the business group, focusing on mergers and acquisitions, leveraged buyouts and debt and equity investments. Prior to Ice Miller, Braum worked for 14 years in the New York office of Goodwin Procter in the business law department and private equity group.
As its nears its second exit from a portfolio company via IPO, Artiman Ventures said it will raise a fifth formal investment fund next year that could be larger than any fund the firm has raised since its debut fund in 2000, according to VentureWire.
Kinderhook Industries-backed Rizzo Environmental Services has acquired V&M Corporation (Royal Oak Recycling), one of the largest independent recyclers of paper, plastic and metal materials in the Midwest. The deal represents the 15th environmental services transaction completed by Kinderhook.