Saturday, 25 October 2014
Last updated 21 hours ago
Aug 7 2007 | 10:45am ET
U.K.-based buyout shop NBGI Private Equity has held a first close of its second fund with £62.5 million (US$127.3 million). The firm, which said it has already secured underwriting of £100 million (US$203.7 million), is looking to further diversify its investor base with third-party commitments.
The new fund will invest in buyout deals in the £5 million (US$10.2 million) to £50 million (US$101.9 million) transaction size range in established businesses in buy & build, consolidation, and turnaround plays. “'We are delighted to have secured underwriting of our new £100 million fund,” said CEO Pavlos Stellakis.
“The commitments received to date and the continuing interest from investors is testament to the market leading track record we have built with our first fund. Although the new fund is larger than the first, we intend to stay firmly focused on our target investment size and sector, namely established small to mid-sized businesses in the U.K. and Ireland.”
NBGI Private Equity was formed to invest in established small to medium-sized "traditional economy" businesses across the U.K.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.