Effective 17 October, 2011 GSC Group Limited has joined the Black Diamond family of companies and will now operate under the name Black Diamond Capital Management Limited. Black Diamond’s European office will be headed by Nick Petrusic, who, along with the other London based team members, will oversee its European Mezzanine and European CLO businesses.   "We are excited to have an experienced team with a long track record based in London, and look forward to continuing to grow those businesses as new opportunities present themselves in the European markets", says Steve Deckoff, Managing Principal at Black Diamond.   "We

Mid-market private equity firm LDC has exited its investment in Volvox Group, a leading supplier of auto electrical products and industrial consumables – through a sale to Elysian Capital. Volvox, which is headquartered in Leeds, designs, sources and distributes a wide range of innovative products for the private and commercial vehicle markets, including lighting, camera systems, car accessories, air compressor, portable power products and industrial consumables. Its customers include vehicle manufacturers as well as the UK and European after-market, where it suppliers major retailers and distributors.   LDC originally backed the GBP12million management buyout of Volvox in 2005 with a

Gogobot has completed a USD15 million round of funding led by Redpoint Ventures, with participation from Battery Ventures and Michael Arrington’s CrunchFund. Gogobot will use this new financing to expand its global footprint through marketing, partnerships, and outreach.  Gogobot allows users to harness the power of their social networks to exchange trusted travel advice and share trip plans and rich visual travel memories.  Since launching last November users have shared more than 2 million places with their friends on Gogobot. The user base has grown 10 fold over the last year, making it the largest social travel site on the internet. This funding comes on the

The signing of Jersey’s Tax Information Exchange Agreement (TIEA) with India is a welcome development in the island’s progress in establishing closer commercial ties with the country, according to Jersey Finance chief executive, Geoff Cook. “For the last five years or so Jersey Finance has been building its links with India by hosting visits in which we showcase our services and highlight the quality of our regulatory regime, says Cook. “Senior politicians and regulators have joined us on some of our trips to meet formally with Government officials and regulators in India. Earlier this year, Jersey Finance cemented its presence

MGPA, the independent private equity real estate investment advisory company, is pleased to announce the first close of MGPA Europe Fund IV (EF IV) with commitments of up to USD100m. The first close is comprised of commitments from investors in MGPA’s previous fund, MGPA Europe Fund III. EF IV will build on the success of MGPA’s previous funds and focus on the UK, France, Germany and Poland to take advantage of current market dislocations and recapitalisations.  EF IV aims to access real estate at attractive prices and manufacture core products in high demand from tenants and institutions due to the

Terra Global Investment Management has secured approval for up to USD40 million of financing for the world’s first globally diverse community-based REDD and land-use carbon fund. The Terra Bella Fund’s investment strategy is to provide project finance capital to community-based forest and land-use carbon projects in developing countries. This approval for financing is provided by OPIC, as an anchor investment to an expected final fund size of USD100 million. The fund seeks to make investments in projects and jurisdictional programs that generate emission reductions that are today verified under voluntary carbon offset standards but that will in the future be

Atlantic-Pacific Capital has announced the final closing of Energy Investors Funds (EIF) US Power Fund IV (the Fund) with over USD1.7 billion of capital commitments. The Fund received tremendous support from a broad group of leading institutional investors across the US, Canada, Europe, and Asia. Atlantic-Pacific Capital acted as placement agent and advisor. "EIF’s leading position as a source of private equity capital in the US power sector, its 24 year proven track record, and focused investment strategy on electricity generation and transmission were important differentiating factors. Investors in the Fund appreciated the profile of cash flows that power assets

Monomoy Capital Partners, a New York private equity fund focused on value investment and business improvement in middle market businesses, has acquired Oneida Ltd (Oneida), a supplier of flatware and dinnerware to the foodservice market. The acquisition marks the first transaction for the Monomoy Capital Partners II, LP, Monomoy’s second fund vehicle. Terms of the transaction have not been disclosed. Founded in 1880, Oneida designs, sources, markets and distributes flatware and dinnerware in the consumer and foodservice industries throughout the world. The Company’s markets include North America, Latin America, Europe, Middle East, Africa and Asia. Oneida’s full product line includes

Private equity firms The Riverside Company and Halder have acquired KEYMILE-Group. The transaction is the 21st acquisition for Riverside in 2011, and its third investment in Germany this year. Former investor HANNOVER Finanz Group, as well as former CEO Dr-Ing Ziaedin Chahabadi, sold their stakes to the private equity firms. Riverside is the new majority shareholder, Halder holds a substantial share and KEYMILE management have increased its previous shareholdings.   With main offices in Germany and Switzerland and sales offices in five other countries, KEYMILE offers telecommunication solutions in more than 60 countries. In 2007 HANNOVER Finanz Group facilitated the

Traffix Systems, a leading provider of signalling technology that helps 4G networks run better and more efficiently, has secured USD7 million in financing in a round led by Bessemer Venture Partners. The funds will be used to expand Traffix’s market penetration with telecom carriers around the world as more of them roll out 4G networks that require next-generation, network signalling solutions to handle increased data traffic. The Traffix signalling Delivery Controller (SDC) enables carriers to maximise network performance with innovative routing, load balancing and gateways solutions based on the new, IP-based industry standard protocol for signalling known as Diameter. The