Allocations
Private equity firm Tailwind Capital has held the final closing of Tailwind Capital Partners II in excess of its USD750 million target, raising a total of USD1.05 billion of committed capital.
Fund II will pursue the same investment strategy Tailwind has employed since its inception – partnering with leading entrepreneurs and management teams in North America to transform businesses through organic growth initiatives, acquisitions, and operational and strategic improvements. Tailwind’s team of 27 investment professionals and senior operating executives works collaboratively with portfolio company management to build sustainable growth businesses.
Fund II received commitments from existing and new investors, including
The lack of hedge funds’ excess returns since the financial crisis put the industry under rising pressure. In this 12th edition of the White Paper, we review the causes and identify the key hedge fund performance drivers. We put to test these drivers under three long-term macro-economic scenarios. It is reasonable, in our view, to expect hedge funds to deliver an annual excess returns in the 5-6 per cent range above the Libor 3M, with low volatility.
Criticism against the lack of hedge funds outperformance climaxed in 2014. Hedge funds have underperformed traditional asset classes since the financial crisis. Despite
Euronext posted its strongest six-month trading volume performance since the end of 2011 in the first six months of 2015, supported by favourable economic conditions.
The June 2015 average daily transaction value on the Euronext cash order book stood at EUR9,202 million (+54 per cent compared with June 2014). Activity on ETFs remained particularly dynamic last month with an average daily transaction value at EUR587 million, up 106 per cent compared to June 2014.
Cash markets saw a material increase in trading activity across the first half of 2015, with an average daily transaction value for the period up
Amadeus is to acquire Navitaire, a wholly owned subsidiary of Accenture and a provider of technology and business solutions to the airline industry, for USD830 million.
Navitaire, which focuses on the low-cost and hybrid-carrier segments of the airline industry and has a global customer base of more than 50 operators, provides revenue-generation and cost-streamlining solutions in the areas of reservations, ancillary sales, loyalty, revenue management, revenue accounting and business intelligence.
The addition of Navitaire’s portfolio of products and solutions for the low-cost segment will complement Amadeus’ Altéa suite of offerings for its largely full-service carrier customer base, giving the
Wool Overs, the online and mail order knitwear retailer, has been acquired by private equity firm Langholm Capital. Clearwater International advised the founders of Wool Overs, Mark and Clare Shenton, on the sale.
Founded by Mark and Clare in 1989, Wool Overs has developed from a business selling cable-knit sweaters at country shows, to an international online retailer selling over 150 different styles of jumpers, sweaters and cardigans.
Based in West Sussex, the business has been recognised as a ‘Fast Track 100 Ones to Watch’ –with turnover increasing by 25% in each of the last two years. One third of
Private equity firm Permira has successfully completed the acquisition of Medora Snacks (Medora) and Ideal Snacks Holding Corporation (Ideal).
As of the closing, the Permira funds combined Medora and Ideal under a holding company called BFY Holdings I.
With the backing of the Permira funds, BFY Holdings will be well-positioned to create a global, diversified, better-for-you snack company, directly addressing the growing consumer trends toward healthier living and eating. By expanding brand awareness and distribution of existing products, including PopCorners®, and introducing innovative, new products, the company plans to transition from its better-for-you snack manufacturing heritage to a global,
JTC has added significantly to its global fund servicing capabilities with the major acquisition of Kleinwort Benson’s Fund Administration business in the Channel Islands and South Africa.
The transaction, which relates to the whole of Kleinwort Benson’s Fund Administration business in Guernsey, Jersey and South Africa, will give JTC its first permanent presence in South Africa, grow its global headcount by 40 per cent to a total of around 450, and augment its existing strengths across the alternative investment fund spectrum, including the private equity, debt and real estate asset classes.
Upon completion of the deal, the new business will
Franklin Square Capital Partners has provided a USD150 million first lien secured term loan to Latham Pool Products, a manufacturer of in-ground residential swimming pools and components.
Latham is a portfolio company of Littlejohn & Company (Littlejohn), a Greenwich, CT based private equity investment firm focused on the middle market. The financing was provided by FS Investment Corporation (NYSE: FSIC), FS Investment Corporation II (FSIC II) and FS Investment Corporation III (FSIC III), BDCs managed by affiliates of Franklin Square and sub-advised by GSO / Blackstone Debt Funds Management LLC (GDFM), an affiliate of GSO Capital Partners LP (GSO).
Lawyers at Baker Botts advised clients on 35 major merger & acquisition transactions valued at a total of USD65.6 billion during the first half of 2015.
The firm’s activity is up approximately 16 per cent (USD9 billion) compared to the first half of 2014 when the firm worked on transactions totalling USD56.6 billion. The increase marks the second year in a row in which the firm’s numbers for the first half of the year have risen, with 2015 representing a more than 205 per cent increase when compared to 2013.
Baker Botts lawyers represented clients in a number of notable
Euronext subsidiary EnterNext, is to launch TechShare, an educational programme designed especially for fast-growing tech companies, in September 2015.
EnterNext has created this pan-European course to familiarise innovative businesses with capital markets and give them the information they need to take their companies to market.
EnterNext is aware of tech stocks’ market potential, and in November 2014 launched three initiatives to strengthen the clout and visibility of innovative SMEs. TechShare is the third of these, following the rollout of the Tech 40 label and the launch of Morningstar’s commitment to publishing information and analyses of young companies.
TechShare
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
