HSBC Private Equity has supported the buyout of Transmission & Distribution Group (TDG). TDG specialises in providing condition monitoring systems for electrical utilities and heavy industry. TDG is the parent company of Diagnostic Monitoring Systems (DMS), a Glasgow-based global independent market leader in partial discharge monitoring focusing on gas insulated switchgear and transformers. DMS was founded as a spin-out from the University of Strathclyde in 1994. TDG is a global business, with offices in the UK, Sweden, the UAE, Australia and China, with 70 per cent of DMS's installed base now in key emerging markets in Asia and the Middle East.
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater