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Infrastructure construction risk does not need public sector guarantees, says NAO

The UK National Audit Office (NAO) has expressed concerns that if the British government, in its desperation to attract pension funds to the infrastructure sector, gave large construction risk guarantees for new projects, substantial liabilities could arise for the British taxpayer. This is an ongoing debate in the UK, but

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MW Cornish & Co appoints Flint as partner

Myles Flint is to join law firm MW Cornish & Co as a partner with effect from 28 January 2013. Flint has vast experience in advising hedge, private equity and other alternative investment managers and funds and EU Ucits and other retail investment managers and funds.  Prior to his appointment

PineBridge Investments to invest EUR26m in Work Service

PineBridge Investments is to make an equity investment of EUR26m in Work Service, a temporary staffing and personnel outsourcing company in Poland. As a result of this investment PineBridge will hold 20.02 per cent of the company’s share capital and will have two supervisory board seats. The agreement is subject

Infrastructure

Pantheon expands infrastructure team with senior hire

Private equity and infrastructure investor Pantheon has appointed Andrea Echberg as partner and head of European infrastructure investments. Echberg, who is based in London, will be focusing on infrastructure secondary and co-investments as well as managing the primary infrastructure fund investments in Europe. Kathryn Leaf Wilmes, global head of infrastructure,

Peter Heaps, managing director, Carne Cayman Islands

Carne welcomes CIMA consultation on governance of Cayman Islands funds

Carne Group, the global fund governance specialist, has welcomed the consultation initiative and the decision by the Cayman Islands Monetary Authority (CIMA) to enhance and clarify corporate governance standards for the Cayman Islands funds community. The proposals include the extension of the current Statement of Guidance on Corporate Governance to

Baird names Steve Booth chief operating officer

Employee-owned financial services firm Baird has promoted Steve Booth to the role of chief operating officer. Booth (pictured) takes on the new role in addition to his current responsibilities as director of investment banking and co-head of Baird’s equity capital markets (ECM) business. The plan calls for Booth to eventually succeed

Jean Bonnavion and Ricardo Caupers elected to partnership at Palamon

European growth private equity firm Palamon Capital Partners has elected Jean Bonnavion and Ricardo Caupers to the partnership.  Bonnavion (pictured), a French national, joined Palamon in 2005 and has been involved in a broad number of investments across Europe since joining. Last year he played a key role in the

Intigua raises USD8.6m in series A funding led by Bessemer Venture Partners

Enterprise cloud management company Intigua has secured USD8.6m in series A financing led by Bessemer Venture Partners (BVP) with participation from seed investors Cedar Fund and individual investors. Intigua aims to solve a major challenge faced by IT when transitioning critical applications to cloud infrastructures: how to extend deeply-embedded and

Avolon forms joint venture aircraft leasing business

Avolon, the international aircraft leasing business, is to partner with Wells Fargo, a diversified financial services company, to form a new joint venture aircraft leasing business called Avolon Capital Partners (ACP). The formation of ACP is subject to a number of regulatory approvals. Since its inception in 2010, Avolon has

KKR appoints Jorge Fergie to head Brazil efforts

Jorge Fergie is joining KKR as managing director to head its São Paulo, Brazil office and business development in Brazil, effective 1 March 2013. Fergie (pictured) will work with KKR’s global investment teams and KKR Capstone, operational improvement experts who work exclusively with KKR’s portfolio companies, to lead KKR’s investment

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