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Intelligence

The Carlyle Group adds three Carlyle execs to management committee

Alternative asset manager The Carlyle Group has added three Carlyle executives to the firm’s management committee. Michael Arpey, managing director and head of fund investor relations; David Marchick, managing director and head of global external affairs; and Mitch Petrick, managing director and head of global market strategies, join the firm’s

Woman

Asia-based PE firms have highest proportion of women in senior roles

The proportional representation of women in high-level private equity roles is highest at Asia-based firms, according to a report from Preqin, with an average of 12.8 per cent of senior roles held by women at firms based in this region as of February 2013. This is higher than in North

Deputy Peter Harwood, Chief Minister of Guernsey

Guernsey to agree package of tax measures with the UK

Guernsey’s Chief Minister Peter Harwood has announced the island’s intention to finalise a draft agreement on a proposed tax package with the UK. It will reinforce Guernsey’s commitment to tax transparency and its status as a mainstream international finance centre. The proposed package comprises: agreement in principle to enhanced reporting

Asia Pacific catching up with Europe as a key market for the shipping sector

Asia Pacific has been ranked the geographical market of greatest importance to the global shipping market alongside Europe, each being selected by 39 per cent of global shipping respondents, according to international legal practice Norton Rose’s “The Way Ahead” Transport survey – Where are you now?” However, London leads as

JH Partners to sell CHEFS Catalog to Target

JH Partners, a private equity firm specialising in investing growth capital in consumer-focused companies, has agreed to sell its portfolio company CHEFS Catalog to Target Corp.  Financial terms of the transaction, which is expected to close within 30 days, have not been disclosed. CHEFS Catalog is a direct-to-consumer specialty retailer of cookware, bake ware, cutlery,

Duane Morris adds corporate, securities and VC attorney Leslie J Croland

Leslie J Croland has joined law firm Duane Morris’s corporate practice group as a partner in its Miami office. Croland further strengthens Duane Morris’ corporate, securities and venture capital practices, particularly in the areas of technology and life sciences transactions. Croland joins the firm from Edwards Wildman Palmer. Croland focuses

Geoff Cook, Jersey Finance

Jersey AIFMD plans on track

Jersey remains on track to meet the requirements of the EU Alternative Investment Fund Managers Directive (AIFMD) and will introduce new fund regulations in April. More than 350 practitioners including lawyers, fund managers and other finance professionals were given an update on how Jersey intends to remain a first choice

NVM Private Equity exits Interlube Systems

NVM Private Equity has sold one of its long-standing investments, Interlube Systems, to a subsidiary of US based The Timken Company. The sale represents a money multiple of 3.0x on NVM’s original investment. Interlube is based in Plymouth, UK, and manufactures and markets automated lubrication products for use in commercial

Hong Kong

Locke Lord expands Hong Kong office with team from Cheung & Lee

International law firm Locke Lord has increased its presence in Hong Kong through an association with the law firm Cheung & Lee. Five experienced partners from Hong Kong-based Cheung & Lee – Balbir Bindra, Wing Cheung, Alfred Lee, Tej Mahil and Matthew Wong – will form the initial core team

Chrysalix backs MineSense Technologies

Chrysalix Energy Venture Capital (Chrysalix EVC), a cleantech venture capital firm and a member of the Chrysalix Global Network (CGN), has made an investment in MineSense Technologies, a provider of sensor-based sorting systems to pre-concentrate low-grade ores in the metal mining industry. The series A round was done exclusively by

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