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Former Mobileum executives charged over $915m sale

Two former executives at telecom software group Mobileum have been charged with fraud in connection with the company’s $915m sale to HIG Capital in 2022, according to a report by Bloomberg.

Maple Park Capital appoints operating advisor

Services-focused investor Maple Park Capital Partners has appointed Steve Wiborg, co-founder and executive chairman of Ampler Holdings and director at Maple Park portfolio company Rita’s Italian Ice, as an operating advisor. Wiborg’s appointment follows Maple Park’s appointment of Jason Kidd as an operating advisor to the firm last month.

Gemspring Capital appoints co-heads of investments

Gemspring Capital, a middle-market private equity firm with $5.1bn of capital under management, has appointed Aron Grossman and Zubin Malkani as co-heads of investments. In this role, they will continue to source, execute, and oversee investments while also assuming broader leadership responsibilities across the firm’s investing platform.

Denham Capital appoints data centre specialist as operating partner

Global private equity & credit infrastructure investment firm Denham Capital has appointed Rick Drescher as an operating partner. Drescher joins the Sustainable Infrastructure business, supporting their global investment strategy of deploying on-site, reliable power solutions to help data centre developers and hyperscalers energise their facilities ahead of full grid connectivity.

Renovus appoints new EMEA director

Renovus Capital Partners, a Philadelphia-area based investment firm, has appointed Niklas Kuhlmann as director of investor relations and capital formation, EMEA. Kuhlmann will lead Renovus’ investor relations and capital formation efforts across Europe and Asia, supporting the firm’s relationships with institutional investors in international markets.

Private equity lawyer returns to Weil in Hong Kong

Peng Yu is rejoining International law firm Weil, Gotshal & Manges LLP as a partner in its Global Private Equity Group, based in the Hong Kong office. Peng rejoins Weil from Kirkland & Ellis LLP, where he was a partner in Hong Kong.

Praxis makes new appointment to lead Middle East growth

Independent professional services group Praxis has appointed Tarek El Moghrabi as Regional Head of Growth and Business Development for the GCC, strengthening its presence in a region emerging as a key hub for private and institutional capital.

Standard Chartered CFO resigns to join Apollo

Standard Chartered PLC Chief Financial Officer Diego De Giorgi has resigned after around two years in the role, to join Apollo Global Management where he will be partner and head of Europe, the Middle East, and Africa, according to a report by Bloomberg.

EQT Korea infrastructure head to depart in leadership reshuffle

Suh Sang-jun, head of the infrastructure institutional business at EQT’s Seoul office, is set to leave the firm after helping lead its expansion into the South Korean market, according to a report by The Korea Economic Daily. Suh has overseen the firm’s infrastructure investments in South Korea since the office

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