Angela Sormani
Nexxus Capital has announced the Initial Public Offering of Grupo Hotelero Santa Fe (HOTEL) on the Mexican Stock Exchange. HOTEL is a platform specifically created to operate and acquire hotels in Mexico.
Super G Funding, a provider of residual and cash flow based loans to small and midsize businesses, has held its first closing as part of a $100 million fund commitment from Inmost Discovery Capital, a global asset management firm based in New York and South Korea. Super G will use the new capital to expand its lending activities to include insurance brokerages, ATM providers and Software as a Service providers.
More than $7 million has been raised to back the conservation of Cheat Canyon in West Virginia. Private funding included $2.6 million from the estate of Charlotte Ryde and a combined gift of $1 million from Warburg Pincus and Antero Resources.
Apax has agreed to sell TriZetto Corporation. The business is being sold to Cognizant Technology Solutions Corp for $2.7 billion in cash.
Tiger Group Investments and Standard Chartered Private Equity are investing $95 million in Greathorse Chemical. Greathorse Chemical is an owner and operator of modern small to mid-sized chemical tanker vessels, which are used to transport fine chemicals and vegetable oils for top tier industrial customers.
Panoramic Growth Equity has invested in family-run premium sausage makers Heck Foods, which was founded by Yorkshire farmers Andrew and Debbie Keeble. Heck brands are sold throughout the UK in Tesco, ASDA, Morrisons, Booths and Waitrose and via its own website.
F.N.B. Capital Partners has made a mezzanine debt and minority equity investment in Auburn Gear. FNBCP's investment supported the acquisition of Auburn Gear which was led by North River Capital. Auburn Gear, located in Auburn, IN, is a manufacturer of custom engineered wheel drives, axle drive components, and specialty drives for diverse mobile equipment applications and automobiles.
Celoxica has secured funds from Beringea Growth Finance. The business is a provider of ultra low-latency market data, order entry and pre-trade risk solutions and is headquartered in the UK with offices in Chicago, New York and Paris.
CAPTRUST Financial Advisors, an independent retirement plan advisory firm, has opened a new office in Columbia, Missouri and appointed two financial advisors. John Weber joins CAPTRUST as vice president, financial advisor focused on providing retirement plan advisory services to corporate fiduciaries. Sean Weber joins as financial advisor, relationship manager focused on providing comprehensive wealth management and retirement advisory services to high‐net‐worth investors, private foundations, and corporate executives.
This Monday's First Read brings you news of CVC Credit Partners' stressed European loans fundraising, Blackstone eyeing a first close on Energy Partners II and how performance disclosure is affected before, during and after a VC fundraising.