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Closed Loop Partners’ private equity fund announces final close, managing assets in excess of $200m. (FS)
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Private equity firms Hg Capital and TA Associates agreed to invest in The Access Group, a provider of business management software to mid-market organisations in the UK, Ireland and Asia Pacific, at a ￡9.2bn ($11.5bn) valuation.
"I'm incredibly proud of our continued success and delighted that our leading investors, Hg and TA, continue to support us as the company expands in the UK, Ireland and Asia Pacific. With GIC's additional investment, Access continues to receive strong support from the investment community, helping to drive our performance and growth plans," Chris Bayne, The Access Group CEO.
The Access Group is advised by Deloitte, Rothschild & Co, Kirkland & Ellis and Tank PR. Hg Capital and TA Associates are advised by Arma Partners, Latham & Watkins, Linklaters, Travers Smith and Brunswick Group.
Rob Walton, an American billionaire heir to the fortune of Walmart, agreed to acquire Denver Broncos, a professional American football franchise based in Denver, for $4.65bn.
"While this purchase and sale agreement is pending approval from the NFL's finance committee and league ownership, today marks a significant step on the path to an exciting new chapter in Broncos history," Joe Ellis, Broncos President and CEO.
CarVal Investors, an alternative investment fund manager,?led a $350m round in Agilitas Energy, a developer, builder, owner and operator of distributed energy storage.?
“To effectively transition our energy systems away from fossil fuels, we need to rapidly increase the number of renewable energy and storage projects that are successfully interconnected to the grid. With our experienced management team, existing project pipeline and organizational expertise combined with the support of CarVal, we’re well positioned to expand nationally and help make a dent in our country’s decarbonization goals. CarVal adds significant value beyond their capital. They are smart business athletes with real-world energy and business acumen who will be true partners as we execute our growth plan," Barrett Bilotta, Agilitas Energy President.
Agilitas was advised by V2 Communications.
SAF-HOLLAND, a German automotive supplier, agreed to acquire Haldex, a Swedish public company operating in the commercial vehicle industry, for $326m.
"The transaction will form the first system supplier globally to provide customers with integrated solutions for Air Disc Brakes, Electrical Vehicles and complete wheel ends from a single source, helping customers to reduce the scope of supply chains and the dependence on external suppliers," SAF-HOLLAND.
Haldex is advised by Lazard, Lenner & Partners and Mannheimer Swartling. SAF-HOLLAND is advised by JP Morgan.
Closed Loop Partners’ private equity fund announces final close, managing assets in excess of $200m. (FS)
Closed Loop Partners announced Monday the successful final close of its Closed Loop Leadership Fund, managing in excess of $200m of total assets.
KIRKBI, funds and accounts managed by BlackRock, and Realdania’s mission-driven investment arm join existing investors including Nuveen, Nestlé, Microsoft, PepsiCo, Unilever, SK Geo Centric, and a series of global family offices in Closed Loop Partners’ buyout investment strategy focused on building circular economy platforms across sectors.
Led by a team with decades of operating experience and investment expertise, the Fund’s strategy centers on scaling business models that advance circular supply chains to keep packaging, organics, electronics and apparel out of landfills and within a circular system.
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