All news

Firm Economics forms CubeLogic

Consulting and investment company Firm Economics has formed CubeLogic, a firm that combines a major offshore development centre in Brazil with a team of risk specialists. »

AIC warns of dangers of neglecting VCTs

The Association of Investment Companies says the Rowlands Growth Capital Review fails to consider venture capital trusts’ role in supporting the UK’s small business sector.  »

mshPRIME offers reporting tools for age of transparency

With the Madoff and other scandals still fresh in the mind and investors demanding that managers provide increased transparency, the hunt is on for software tools that meet clients’ portfolio »

Winch Capital 2 fund reaches EUR250m target

Edmond de Rothschild Investment Partners has completed the final closing of its Winch Capital 2 development capital fund for EUR250m. »

Heritage Capital opens its first Latin American office in São Paulo

Heritage Capital, the merchant banking division of family-owned Banque Heritage of Switzerland, has launched its first Latin American office in São Paulo, Brazil. »

Chestnut Hill Partners hires Ryan Jon Orner as director

Investment banking boutique Chestnut Hill Partners has appointed Ryan Jon Orner as a director to manage and oversee the firm’s increased activity in targeted search engagements across middle market companies. »

Citadel Capital acquires two solid waste management firms

Citadel Capital, a private equity firm in the Mena region, has acquired a controlling stake in two firms in the solid waste management sector. »

Expert tools for investors in alternatives

The past 12 months have demonstrated graphically the vital importance for investors in alternatives of minimising the downside risk associated with extreme market conditions. »

Butterfield Fulcrum and MindTree in technology partnership

Butterfield Fulcrum, an independent alternative fund administration company, has partnered with MindTree, a global IT solutions company, to deliver technology solutions for the alternative fund administration industry. »

HarbourVest NAV rises by 0.6 per cent

HarbourVest Global Private Equity, a closed-end investment company listed on Euronext Amsterdam, had an estimated net asset value of USD656.4m, or USD7.91 per share, as at 31 October 2009.  »

Michael W. Jalbert joins Chestnut Hill Partners

Investment banking boutique Chestnut Hill Partners has appointed Michael W. Jalbert as a managing director. »

Olivier Dumas joins Dechert’s financial services group in Paris

International law firm Dechert has appointed Olivier Dumas as a partner in the financial services practice group in Paris. »

eBay veteran Rajiv Dutta joins Elevation Partners

Elevation Partners, a private equity firm focused on large-scale investments in consumer and technology businesses, has hired Rajiv Dutta as a managing director. »

Global Environment Fund invests in Indian power producer

Private equity firm Global Environment Fund has completed an investment of USD46.3m in Greenko, which is based in Hyderabad, India. »

Abraaj Capital acquires venture capital firm Riyada

Dubai-based private equity firm Abraaj Capital Group has agreed to acquire Amman-based Riyada Ventures as part of a major push by Abraaj into the small and medium enterprise space. »

Gozour makes its first regional acquisition in Sudan

Gozour, Citadel Capital’s multi-category consumer foods platform, has announced that its confectionary brand subsidiary, Rashidi El-Mizan, has just finalised a deal to acquire 75 per cent of Al-Musharraf, one of Sudan’s largest producers of halawa, biscuits and flour, for an enterprise value of USD19m. »

Mark Wössner becomes principal senior adviser for Corestate

Mark Wössner has been appointed principal senior adviser of Corestate, a Swiss private equity investor seated in Zug, Switzerland. »

Oxagen raises GBP16m in financing led by Novartis Venture Funds

Oxagen, a drug discovery and development company specialising in inflammation, has completed a GBP16m (USD26.7m) series C round led by Novartis Venture Funds. »

J.C. Flowers strengthens presence in Europe and Asia Pacific

Global private equity firm J.C. Flowers has strengthened its operations with two senior appointments to its London office. »

Haddington sells rights to Norton Energy Storage Project

CAES Development, a portfolio company of Haddington Venture's managed funds, has sold to the rights to the Norton Energy Storage Project, a compressed air energy storage facility under development in Norton, Ohio, to FirstEnergy Generation. »