Fengate raises C$1.1 bln in close of third core infrastructure fund

By Kirk Falconer — 6 days ago

Fengate Asset Management has raised $1.1 billion in committed capital in the final close of its third core infrastructure fund. Fengate Core Infrastructure Fund III exceeded both its C$750 million target and initial C$1 billion hard cap. It was backed by new and existing limited partners, including public and corporate pension plans, insurance companies and funds of funds, based in North America, Europe and Japan. Threadmark Partners was the placement agent. Fund III, already about 50 percent deployed or committed to seven North American assets, will maintain Fengate’s strategy of investing in mid-sized infrastructure assets emphasizing greenfield projects. Based in Toronto, Fengate invests in infrastructure, private equity and real estate.

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Firmament invests in Fortbrand

By Iris Dorbian — 6 days ago

The Firmament Group has made an investment in Fortbrand Services, which sells, leases and rents aircraft ground support equipment and airfield maintenance equipment to commercial airlines, ground handling companies and airports in North America. No financial terms were disclosed.

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Investor group completes acquisition of Momentive

By Iris Dorbian — 6 days ago

An investor group comprised of SJL Partners LLC, KCC and Wonik has closed its previously announced acquisition of Momentive, a global silicones and advanced materials company. No financial terms were disclosed. According to the terms of the deal, Momentive stockholders received $32.50 in cash for each issued and outstanding share of common stock they owned.

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WestView backs Health Monitor Network

By Iris Dorbian — 6 days ago

WestView Capital Partners has led a funding round for Health Monitor Network, a patient engagement company. No financial terms were disclosed. BBVA Compass, Stellus Capital Management and Evolution Credit Partners provided the debt financing for the transaction.

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Northleaf recruits Sophia Damianou as managing director, EMEA

By Kirk Falconer — 6 days ago

Northleaf Capital Partners has hired Sophia Damianou as managing director, business development, Europe, the Middle East and Africa. Operating from Northleaf’s London office, Damianou will lead initiatives to develop relationships with institutional investors, consultants and advisors across the EMEA region. Damianou was previously director of marketing and investor relations at CapeView Capital, a U.K. hedge fund manager. Before then, she managed EMEA business development for Mesirow Financial. Toronto-based Northleaf, a global private equity, private credit and infrastructure manager, oversees more than $12 billion in capital commitments.

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PEC Safety and Veriforce merge

By Iris Dorbian — 7 days ago

PEC Safety, a portfolio company of Thoma Bravo and Veriforce, which is backed by Greenridge Investment Partners, have merged. The newly combined company will focus on reducing risk in hazardous work environments. No financial terms were disclosed. Colby Lane will serve as CEO while Louie Werderich will become vice chairman.

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PE-backed Y-COM acquires General Utility Construction

By Iris Dorbian — 7 days ago

Y-COM Holdings LLC, which is backed by Cotton Creek Capital, has acquired Orlando, Florida-based General Utility Construction, a provider of telecommunications maintenance and construction services. No financial terms were disclosed. Generational Equity advised GUCI on the deal.

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MDP acquires InMoment

By Iris Dorbian — 7 days ago

Madison Dearborn Partners has acquired InMoment, a provider of customer experience management solutions. No financial terms were disclosed. Union Square Advisors was financial adviser to InMoment on the transaction while Stifel Nicolaus did likewise for MDP.

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H.I.G. Capital adds to real estate team

By Iris Dorbian — 7 days ago

H.I.G. Capital has named Tareck Safi to its real estate team as managing director and head of real estate debt. Previously, he worked at PIMCO where he was head of commercial real estate debt investments for EMEA.

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