EQT to buy majority stake in NAC

EQT has agreed to acquire Nordic Aviation Capital, a Denmark-based turboprop aircraft leasing company. KIRKBI Invest A/S is also co-investing. Although the exact sum of the deal was not disclosed, it will put NAC at a 3.3 billion valuation at its completion. As part of the transaction, Martin Møller, founder of NAC, will continue as both chairman and a “significant” shareholder. Rothschild, Clifford Chance, PwC and E&Y advised NAC while Goldman Sachs, Accura, Freshfields, Bain & Co, IBA and PwC advised EQT.


CVC buys majority stake in The Executive Centre

CVC Capital Partners has agreed to buy a majority stake in The Executive Centre from Headland, which will retain a minority ownership in the firm. No financial terms were disclosed for the transaction that is expected to close at the end of May. PwC, Bain & Co., Freshfields Bruckhaus Deringer and Clifford Chance advised CVC while Allen & Gledhill advised Headland. HSBC and Babson Capital are providing the debt financing for the deal. The Executive Centre is an Asia-based serviced office provider.

Kellner Joins Alvarez & Marsal

Alvarez & Marsal said Monday that Russell Kellner has joined the firm’s private equity services group as an MD based in Boston. Most recently, Kellner was a principal at Bain & Company.

Reuters: Asia Rush Sees Buyout Firms Overlook Africa, Russia

BERLIN, March 2 (Reuters) – Private equity firms may be missing vast opportunities in overlooked or misunderstood areas such as Africa and Russia in their rush for Asian and Brazilian assets. Speaking at the SuperReturn annual private equity conference this week, private equity experts said buyout firms may be ignoring risks such as internal politics […]


Jesse Rogers’ Altamont Capital Partners Closes First Fund With $500 Million

Palo Alto-based Altamont Capital Partners has officially closed its first fund with $500 million, roughly 10 percent of which has come from the general partner and its affiliates. The firm is the newest offering by PE vets Jesse Rogers, Randall Eason, and Keoni Schwartz, who’ve previously worked together at both Golden Gate Capital and Bain […]

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