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Insight

HarbourVest secures 98% of Absolute shares

A total of 43,005,846 shares of Absolute have been tendered to HarbourVest Acquisition GmbH under the public tender offer published on 7 June, 2011 for all publicly held bearer shares of Absolute, with a nominal value of CHF 10 each (each, an “Absolute Share”).   The tenders amount to 98.68% of

Liz Claiborne announces Mexx JV with Gores Group

Liz Claiborne, Inc has agreed to sell its global Mexx business to a joint venture majority-owned by private equity firm the Gores Group, in exchange for 18.75% of the common equity of the joint venture and a total cash consideration of USD85 million. The transaction is subject to working capital

Don Seymour, founder of DMS

Comment: Amateur hour cancelled

Don Seymour (pictured), founder and managing director of DMS Management and former head of investment services at the Cayman Islands Monetary Authority, says last week’s judgement against directors of the Weavering Macro Fixed Income Fund, for failure to perform their duties adequately, was a long time coming – and that

Plane taking off

Buyers continue to show interest in aerospace market

Private equity firm Graham Partners has sold Schneller LLC, a leading provider of highly-engineered, laminates for surfaces within commercial aircraft, to strategic buyer TransDigm Group Incorporated (Transdigm; NYSE:TDG).   Harris Williams & Co acted as the exclusive advisor to Schneller in the transaction. which closed on 31 August. 2011. The transaction

Avaloq acquires a majority stake in B-Source from BSI

The Avaloq group has acquired a majority stake in B-Source AG, a banking business process outsourcer (BPO) in Switzerland. BSI, part of the Generali Group and original founders of B-Source, will remain a minority shareholder and an important customer of B-Source.   According to Avaloq, the acquisition of B-Source means

Remedi SeniorCare closes USD300m commitment from Centerbridge Partners

Baltimore-based Remedi SeniorCare has closed a USD300 million equity commitment from affiliates of New York-based Centerbridge Partners, LP, of which USD60 million was funded today. The investment will support the continued growth of Remedi’s customer-driven innovations, Paxit and My Remedi, as well as acquisitions and greenfield start-up pharmacies in new

William Sels, UK Head of Investment Strategy at HSBC Private Bank

Comment: M&A – a bright spot in the gloom

Equity markets have had a torrid time of late, buffeted by the headwinds of slowing economic growth, and the ongoing worries about the Eurozone sovereign debt crisis. However, amongst all the gloom there are still some bright spots, says Willem Sels, UK Head of Investment Strategy at HSBC Private Bank…

IoM announces new finance sector public-private partnership

The Isle of Man’s Department of Economic Development (DED) has announced a radical shake-up of Financial Services that will mean a more collaborative approach with industry and the creation of a new Public Private Sector promotional model allowing the sharing of resource and funding between all parties. Working closely together

John Meunier,  Principal, Cogent Research

Advisors turning their attentions to alternatives, says Cogent

Seventy-eight per cent of all retail advisors are presently using alternative investments within client portfolios. According to a new report released this week by Cogent Research, the primary reasons that advisors are using alternatives are to further diversify portfolios (83%), manage risk (80%), or to achieve absolute returns (54%).  

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