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Intelligence

Bermuda

Bermuda extends assurance of tax neutrality

The Bermuda Government is planning to extend to 2035 the period of time for which the Ministry of Finance may grant an assurance to international businesses that are identified as exempted undertakings that they will be exempt from certain tax liabilities in Bermuda. The announcement was made as part of

Thomas Chan-Soo Kang, president of Fortress Asia

Thomas Chan-Soo Kang named president of Fortress Asia

Fortress Investment Group has appointed Thomas Chan-Soo Kang as president, Fortress Asia. Kang will become a member of Fortress’s management committee and will have responsibility for business development, capital formation, strategy and management/administration in the Asia region. Kang will be based in Fortress’s newly opened Singapore office, and will report

Mistral Equity Partners makes three promotions

Mistral Equity Partners, a private equity firm specialising in the consumer and retail sectors, has promoted three members of its investment team.   Griffin Whitney and Christopher Bradley have both been promoted to principal, and Elizabeth Nations has been promoted to senior associate. “We are delighted to recognise Griffin, Chris

Kaveh Samie, KKR

KKR names Kaveh Samie head of Middle East and North Africa

Kohlberg Kravis Roberts has appointed Kaveh Samie as managing director and head of Middle East and North Africa. Previously, Samie was a managing director and head of equities for HSBC Middle East & North Africa. The appointment takes effect on 6 January 2011. Samie will work closely with Ford M.

Green Courte Partners makes three promotions

Green Courte Partners, a private equity investment firm targeting niche real estate sectors, has promoted Sirina R. Jimenez and Antonia A. Anagnostopoulos to vice president and Jordan T. Kerger to senior associate.  Since joining Green Courte in July 2006, Jimenez has made significant contributions to the firm’s land-lease community portfolio

CDC invests in Bangladesh private equity fund

CDC Group, the UK’s development finance institution, has made a USD10m investment in the first private equity fund dedicated to Bangladesh. CDC’s investment in the Frontier PE fund will be used to provide growth capital to help promising Bangladeshi businesses expand and develop key industry sectors. Frontier has raised USD88m

Dundas & Wilson advises management in family business buyout

Law firm Dundas & Wilson has advised the new management team in the private equity-backed buyout of Chemigraphic, one of the largest independent full service electronic manufacturing services providers in the UK. RJD Partners, a lower middle market investor, backed the deal which will see the sons of founders Frank

Richard Burrell appointed chairman of FirstCare

Private equity-backed absence management company FirstCare has appointed Richard Burrell, one of the health sector’s leading investors, as non-executive chairman. Following a career in investment banking and property fund management, Burrell founded Assura, a listed provider of primary care buildings and services.  Earlier this year, Burrell led the disposal of

Fortress appoints David Barry to its board of directors

Fortress Investment Group has appointed David Barry as a member of the company’s board, effective 1 January 2011. Barry will serve as a class I director. The board has also appointed Barry to its audit committee and nominating, corporate governance and conflicts committee. Barry will replace Howard Rubin, who will

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