RIVER HEIGHTS, Utah & SAN FRANCISCO & FORT WORTH, Texas & BOSTON--(BUSINESS WIRE)-- TPG, a leading global alternative asset management firm, today announced the signing of a definitive agreement to acquire a majority stake in Conservice (the "Company†), a leading utility management platform for the property management industry. TPG will invest in Conservice through TPG Capital, the firm's U.S. and European private equity platform, and will join leading global private equity investor Advent International, ...

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC ("Monroe†) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the growth of Antelope Pet ("Antelope†) by private equity sponsor Alpine Investors. Founded in 2021 and headquartered in San Francisco, CA, Antelope is a provider of all-natural pet care products including treats, dental products, health supplements and fresh food with a focus on healthy, limited ingredients. Through thei. ...

Core Insights - Heidrick & Struggles has successfully transitioned to a privately held company through an acquisition led by Advent International and Corvex Private Equity, supported by a consortium of strategic investors [1][2][4] - The transaction is valued at approximately $1.3 billion and aims to facilitate a multi-year growth strategy for the company, marking a significant transformation in its 70-year history [2][4] - The company will continue to operate under its current brand and maintain its commitment to helping organizations build effective leadership teams [2][4] Company Leadership and Governance - Carmine Di Sibio, Operating Partner at Advent and former Global Chair and CEO of EY, will be appointed as Chairman of the Board of Managers [3] - The board will include Heidrick & Struggles CEO Tom Monahan, representatives from Advent, Corvex, strategic investors, and independent directors with expertise in leadership and global talent markets [3] Strategic Vision and Investment - The partnership is expected to enhance Heidrick & Struggles' growth strategy and solidify its position as a global leader in talent and advisory solutions [4] - Significant co-investment from Heidrick & Struggles leaders and partners is part of the transaction, supporting a new equity plan that aligns ownership with the company's ambitions [4] Market Impact - Following the completion of the transaction, Heidrick & Struggles' common stock has ceased trading on the Nasdaq Global Select Market [5]

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: Billtrust, which provides accounting and payments software to businesses, said Tuesday in a press release that it has appointed Grant Halloran as CEO. The release didn’t mention his predecessor, Sunil Rajasekar, who was in the role through August, according to his LinkedIn profile. A Billtrust spokesperson declined to comment on Rajasekar’s exit. In ...

Core Insights - Private equity firms are actively investing in energy infrastructure due to the sector's stable cash flows and strategic importance, despite some firms exiting investments in certain areas [1] Group 1: Investment Trends - The appetite for energy infrastructure among private equity firms remains strong, indicating confidence in the sector's long-term viability [1] - The stability of cash flows in energy infrastructure is a significant factor driving continued investment [1] Group 2: Market Dynamics - The strategic importance of energy infrastructure is highlighted as a key reason for ongoing investments, suggesting that firms view this sector as critical for future growth [1]

Core Viewpoint - Clairvest Group Inc. has signed an agreement to sell its minority interest in Acera Insurance Services Ltd. as part of Acera's merger with Navacord Corp, which is expected to close in the first quarter of 2026, pending regulatory and shareholder approvals [1][3]. Company Overview - Acera Insurance Services Ltd. was formed through the merger of Rogers Insurance and CapriCMW in September 2022 and is now one of Canada's largest independent brokerages with over 750 employee shareholders [2]. - The company provides property & casualty and group benefits insurance solutions to both commercial and personal clients [2]. Financial Performance - During Clairvest's three-year partnership, Acera achieved a 70% growth in EBITDA and completed 24 tuck-in acquisitions [2]. - The sale is projected to positively impact Clairvest's book value by approximately CAD$4.00 per share upon closing [3]. Management and Partnership - The leadership team at Acera, including CEO Lee Rogers and Chairman/President Andrew Kemp, will roll a significant amount of their equity into the merged entity with Navacord [1]. - Clairvest has been a crucial partner in Acera's growth, providing support and strategic insight that has strengthened the business [5][6]. Investment Strategy - Clairvest's investment model focuses on entrepreneur-centric minority ownership, allowing management partners to retain control while achieving transformative outcomes [6]. - Clairvest has a history of successful investments in the insurance sector, building on its track record with other companies [4][7].

Core Viewpoint - The CEO of EQT, a leading Swedish private equity firm, announced plans for significant investments in the US market, highlighting the firm's ambition to expand its footprint in this region [1] Company Summary - EQT is recognized as the world's second-largest private equity group based on capital raised, indicating its substantial influence and resources within the industry [1] Industry Summary - The interest in major investments in the US reflects a broader trend among private equity firms seeking growth opportunities in one of the largest and most dynamic markets globally [1]

Core Insights - Alaris Equity Partners has completed three investments totaling US$52.7 million, contributing an incremental US$6.6 million or 4.3% growth to its run rate partner distributions [1][2] - The Board of Trustees has approved a 9% increase in the distribution, raising the quarterly distribution to $0.37 per trust unit and the annual distribution to $1.48 [2] - Alaris has a strong track record, having invested over $2.9 billion in 43 portfolio companies since its founding in 2004, generating a 16% IRR from exited investments [3][4] Investment Details - The investments include a US$27.0 million initial investment in McCoy Roofing Holdings LLC, along with follow-on investments in Cresa LLC and Carey Electric Contracting Inc [1][10][11] - Alaris' investment in McCoy consists of US$19.0 million in preferred equity and US$8 million in common equity, with an initial annualized distribution of $2.7 million, yielding 14% [7] - If McCoy meets its growth targets, Alaris may fund an additional US$32.0 million in preferred equity [8] Partner Updates - Cresa received an additional US$20.5 million investment, increasing its annualized distribution by 69% to US$7.1 million [10] - Carey received an additional US$5.2 million investment, increasing its annualized distribution by 16% to US$2.2 million [11] - Ohana Growth Partners acquired a Planet Fitness franchisee, enhancing its competitive position and cash flow [12] Market Position and Future Outlook - Alaris is well-positioned in the $3 trillion North American private equity market, with a diversified portfolio and a strong pipeline of investment opportunities [3][14] - The company aims to continue its growth track record while returning excess cash to unitholders through potential future distribution increases and buybacks [5]

Core Viewpoint - Triumph Group, Inc. has completed its acquisition by Warburg Pincus and Berkshire Partners, transitioning to an independent privately-held company focused on aerospace systems and components [1][3]. Company Overview - Triumph Group, founded in 1993 and headquartered in Radnor, Pennsylvania, specializes in designing, developing, manufacturing, repairing, and providing spare parts for aerospace and defense systems [4]. - The company serves the global aviation industry, including original equipment manufacturers and military and commercial aircraft operators [4]. Leadership Changes - Jorge L. Valladares III has been appointed as the new CEO, succeeding Daniel J. Crowley, who held the position since 2016 [1][2]. - Valladares brings extensive leadership experience from his previous role as COO of TransDigm, a major player in the aerospace components sector [2]. Investment and Growth Potential - Warburg Pincus and Berkshire Partners are committed to supporting Triumph's growth as a leading aerospace and defense supplier [3]. - Both investment firms have a strong track record in the aerospace and defense sectors, with numerous successful investments [3][5][6]. Strategic Focus - Triumph aims to enhance its capabilities and meet the evolving needs of its customers in the aerospace and defense industries [2][3]. - The company is positioned to accelerate growth as a privately held entity, leveraging the expertise of its new investors [3].

Core Insights - ICG Enterprise Trust has fully realized its co-investment in Datasite, marking it as the fourth largest portfolio company, which accounted for 1.9% of the portfolio value as of January 31, 2025 [1][2] - The sale generated cash proceeds of $30 million (£22 million), reflecting a 3% premium over the valuation at Q1 FY26 [2] - ICGT's co-investment in Datasite was $18 million (£14 million), made in 2024, and has yielded an attractive return within a short holding period [2] Financial Performance - The cash proceeds from the sale of Datasite amounted to $30 million, which is a significant return on the initial co-investment of $18 million [2] - The co-investment represented 1.6% of the total portfolio value, indicating a strategic allocation within ICGT's investment framework [1][2] Future Exposure - Post-transaction, ICGT retains a small stake in Datasite through its commitment to ICG Strategic Equity V, which represented 0.3% of the portfolio value as of January 31, 2025 [3]