Denham forms partnership with Nexif to focus on SE Asia

Denham Capital formed a partnership with Nexif, a Singapore-based power management company, to develop, finance, construct and acquire power generation assets across Southeast Asia. Denham expects to invest more than $200 million across the region through the platform.


Blackstone takes majority stake in Stearns Lending

The Blackstone Group acquired a majority stake in Stearns Holdings, parent company of Stearns Lending, a national mortgage lender with wholesale, retail, correspondent and strategic alliance business channels. Founder Glenn Stearns will retain a significant ownership stake in the company. The deal is expected to close by year end.


Oak Investment exec Ren Riley to lead alternatives at Robertson Stephens

Former Oak Investment Partners executive Ren Riley will lead alternative assets at Robertson Stephens, a wealth advisor for high net worth individuals. Riley, who joined the firm this year, will lead a Robertson Stephens-branded venture capital fund, a series of co-branded private equity funds and other pooled asset vehicles. He also will develop the firm’s private share secondary platform and merchant banking practice. Riley worked at Oak Investment Partners for 16 years, where he became a GP in 2006. He remains a venture partner at Oak. Prior to Oak, Riley was a senior associate at Robertson Stephens.


LaSalle Capital forms foods platform

LaSalle Capital has created a new foods platform through the recapitalization of Westminster Cracker Company and the acquisition of Gold Pure Food Products Co — representing the firm’s eighth platform investment from its second fund. Rutland, Vermont-based Westminster, founded in 1828, makes oyster and snack crackers. Gold’s, based in Hempstead, NY and founded in 1932, makes horseradish products and specialty mustards and other condiments and sauces. Bob Abramowitz, chief executive officer of Westminster, will lead the platform.


JMI leads $123 mln growth funding in Intelex

JMI Equity has led a $C160 million ($122.9 million) growth funding in Intelex, which provides environmental, health, safety and quality management software. HarbourVest also participated in the funding round. David Greenberg, a general partner at JMI, and Rob Wadsworth of HarbourVest, will join Intelex’s board.


H.I.G. Capital-backed ACG Materials acquires Art Wilson Company

H.I.G. Capital-backed ACG Materials has acquired Art Wilson Company, which mines, processes and markets anhydrite, gypsum and limestone products. Art Wilson Company owns a quarry and production facility in Carson City, Nevada. Art Wilson is the fifth add-on ACG has completed since H.I.G. made the platform investment at the end of 2012.


Apollo to double real estate AUM with AR Global investment

Apollo Global Management will double its real estate assets under management to about $27 billion by taking a majority interest in a new company, AR Global Investments, LLC. The new company will own a majority of the asset management business of AR Capital, an asset manager focused on retail investors. Apollo also will acquire RCS Capital’s wholesale distribution business, which will become part of AR Global. The firm also has entered into a strategic relationship with RCS Capital’s retail advice business Cetera Financial Group.

OPIC partners with Atlas Mara in $300 mln Africa lending project

The Overseas Private Investment Corporation, the U.S. government’s development finance institution, is partnering with Atlas Mara Limited to provide $300 million for acquisition finance and on-lending across Africa. OPIC is kicking in $200 million of long-term debt and Atlas Mara is investing $100 million of committed resources as part of the partnership.


Cerberus agrees to buy loan portfolio from Netherlands-based Van Lanschot

Cerberus Capital Management agreed to buy a portfolio of non-performing commercial real estate loans held by wealth manager Van Lanschot valued at more than 400 million euros. The sale is part of Van Lanschot’s sell-down of its corporate loan portfolio over a four-year period. The deal is expected to close in the third quarter.

NorthEdge hires Phoenix Equity executive Rastrick

NorthEdge Capital hired John Rastrick as a partner in its Leeds, England office. Rastrick will lead the firm’s focus in Yorkshire and the North East. Rastrick most recently worked as a partner at Phoenix Equity Partners, where he worked for eight years. He also worked at 3i.

PE HUB Community

Join the 12523 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget