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Arden Group and Wafra Launch Venture Targeting a $1.0 Billion Aggregation of Industrial Service Facilities (ISF) in Top U.S. Growth Markets
Wafra Inc. (“Wafra”), a global alternative investment firm, and Arden Group (“Arden”), a leading U.S. middle-market real estate fund manager, have announced a venture to acquire ISF properties located in in-fill sites across major markets in the United States. As part of this venture, the firms have closed on a portfolio of ISF properties, building an immediate presence in key growth markets, including Dallas, Houston, Atlanta, Austin and Miami.
Wafra Acquires Controlling Interest in Mission Clean Energy
Wafra Inc. (“Wafra”), a global alternative asset manager, today announced the acquisition of a controlling interest in Mission Clean Energy LLC (“Mission”), a utility scale renewable asset developer. Alongside Wafra, Aggregate Power Infrastructure LLC (“API”), a clean infrastructure investor, will be investing in Mission.
Wafra Announces Strategic Partnership with Oak Hill Capital Partners
NEW YORK--(BUSINESS WIRE)--Wafra Inc. (“Wafra”), a global alternative investment manager, announced today that funds managed by Wafra have acquired a strategic minority ownership interest in Oak Hill Capital Partners (“Oak Hill” or “OHCP”), a middle-market private equity buyout firm. OHCP utilizes a theme-based investing strategy, focused on services, industrials, consumer and media & communications sectors. Wafra purchased the stake in OHCP from an affiliate of Jefferies Financial Group Inc.
Thompson Street Announces Minority Investment by Wafra
Thompson Street Capital Partners (“Thompson Street” or the “Company”) and Wafra Inc. (“Wafra”) jointly announced today that funds managed by Wafra have acquired a strategic minority ownership interest in Thompson Street. Thompson Street is a leading middle-market private equity firm based in St. Louis focused on investing in founder-led businesses in the healthcare, technology and business and consumer services sectors.
Contract Leasing Corporation Announces Acquisition by Wafra
Contract Leasing Corporation (“CLC”), a leading regional trailer and intermodal chassis lessor, today announced its acquisition by funds advised by Wafra Inc. (“Wafra”), a global alternative investment manager. Founded in 1991 and family-owned and operated, CLC has been a trusted provider of trailing equipment and fleet management and maintenance services for over 30 years.
El Car Wash Announces Acquisition by Warburg Pincus
MIAMI, July 18, 2022 /PRNewswire/ -- El Car Wash ("El"), the largest and fastest growing express car wash operator in South Florida, today announced that Warburg Pincus has acquired the company from affiliates of Wafra Inc. ("Wafra"), Audrose Partners, and Fireside Investments. The investment will support El's continued expansion and its commitment to offering best-in-class services to its customers. Terms of the transaction were not disclosed.
Hartford Investment Management Company Joins Constellation Strategic Committee
July 12, 2022--Capital Constellation (“Constellation”), the joint venture among leading institutional asset owners in Europe, North America and the Gulf, today announced the addition of Hartford Investment Management Company (“HIMCO”) to its consortium of asset owners and to Constellation’s Strategic Committee.
DigitalBridge and Wafra Progress Strategic Partnership
DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge” or the “Company”) today announced it has entered into an agreement with affiliates of Wafra Inc. (“Wafra”) to acquire Wafra’s 31.5% ownership in DigitalBridge’s investment management subsidiary (“DigitalBridge IM”) for $410 million of newly issued Class A common stock in DigitalBridge and cash consideration of $390 million, subject to certain net cash and closing adjustments.
NOVA and Wafra Launch FBO Joint Venture
Wafra Inc. (“Wafra”), a global alternative investment manager, and NOVA Infrastructure (“NOVA”), an infrastructure investment firm, announced today an investment in Hawthorne Global Aviation Services (“Hawthorne”).
Post Road Group Receives Strategic Investment From Capital Constellation
Post Road Group (“Post Road” or the “Firm”), an alternative investment firm focused on real estate and middle-market corporate strategies, today announced that Capital Constellation has acquired a passive, minority ownership interest in Post Road to support the Firm’s long-term growth and development.
SKY Leasing and Wafra Announce Aircraft Leasing Joint Venture
SKY Leasing (“SKY”), a dedicated aviation investment manager, and Wafra Inc. (“Wafra”), a global alternative investment manager, today announced a joint venture partnership between SKY’s managed funds and certain funds managed by Wafra.
Adel A. Alderbas Appointed Chief Investment Officer of Wafra Inc.
Wafra Inc. (“Wafra”) announced today that Adel A. Alderbas has been promoted to Chief Investment Officer (“CIO”). In his role as CIO, Mr. Alderbas will work closely with Chief Executive Officer Fawaz Al-Mubaraki to oversee the firm’s investment activities and execute Wafra’s vision to deliver investment solutions that provide long-term prosperity for asset owners around the world.