Allocations
Alternative asset manager The Carlyle Group is to acquire a majority stake in assets services firm Conifer Financial Services. Senior management of Conifer will continue to lead the business and own a significant minority interest in the company.
The transaction, terms of which have not been disclosed, is expected to close in the second quarter of 2015 subject to customary closing requirements and regulatory approvals.
Conifer has broad experience in offering front-to-back capabilities across all asset classes for hedge funds, pensions, endowments, foundations, funds of funds and family offices, as well as private equity and venture capital. With more than
Wheelhouse has expanded into private equity investing through the newly formed Wheelhouse Capital Partners, which is backed by Global Endowment Management (GEM).
Wheelhouse Capital Partners is looking to acquire lower middle market businesses in the USD10 million to USD30 million range in its two core sectors: healthcare and industrial services.
“After a great deal of preparation, we are proud to incorporate private equity investing into our already unique business model,” says Steve Simpson, Wheelhouse co-founder and managing partner. “This expansion is a natural evolution for our firm and we are pleased to add GEM as a partner.”
After working closely
Social media management platform Falcon Social has closed a fund raising round of USD16 million.
The Series B financing round was led by Prime Ventures and joined by existing Falcon Social investors Northcap and Target Partners, bringing the company’s total financing to date to USD25.33 million. The new financing will help support the company’s product development, innovation and continued global expansion.
Founded in 2010, Falcon Social set out to tackle the social media marketing needs for businesses, a market estimated to grow to USD9.8 billion by 2018 according to MarketsandMarkets. Today, Falcon Social helps over 400 world-renowned companies listen, engage,
BlueMountain Capital Management has entered into a consulting agreement with Harvard economics professor Jeremy C Stein, who was a member of the Board of Governors of the Federal Reserve System from May 2012 to May 2014.
Professor Stein will advise BlueMountain on a range of issues, including implications of monetary and macroprudential policies, financial regulation and market evolution, and risk and capital management.
"We're very lucky to have the opportunity to work with Jeremy," says Andrew Feldstein, CEO of BlueMountain. "He has been widely recognised by leaders in government, academia and the private sector for his talent and impact.
iAngels has raised a USD2.25 million Seed Round led by Roman Abramovich's fund, Millhouse Capital.
iAngels is the 15th company to successfully raise funds through the iAngels online platform, raising USD1.25 million from some of Israel's most successful angels, and an additional USD1 million from its global community of investors within two days.
"We are very confident in the elite angels we've identified and their ability to spot the winners," says Shelly Hod Moyal, Founding Partner at iAngels. "In fact, we've structured our business model to take the same risk that investors take when they invest in Israeli startups through
Atlas Holdings has acquired Merchants Metals, the second largest fencing manufacturer/distributor in North America, from Oldcastle, the North American arm of CRH plc.
The company manufactures and distributes fencing products for commercial, residential and industrial uses.
"We are pleased to add Merchants Metals to the Atlas family of companies," says Ed Fletcher, Partner at Atlas Holdings. "For over six decades, Merchants Metals has been the provider of choice for thousands of professional fence contractors, architects and quality building retailers. We are extremely impressed with the company's workforce, its strong commitment to safety and passion for success."
Victory Park Capital Advisors (Victory Park Capital) has been retained by newly formed, UK investment company VPC Speciality Lending (VPC) to serve as investment manager.
VPC completed its initial public offering of ordinary shares on the Main Market of the London Stock Exchange on 13 March.
As investment manager, Victory Park Capital will be charged with investing approximately USD300 million in opportunities within the specialty lending market primarily through online lending platforms.
“The significant growth in the specialty lending market through consumer and small business and direct lending electronic platforms and the success of the listing is a
Baird Capital’s UK private equity group has acquired a majority interest in Clearwater Group, a provider of water treatment, hygiene, engineering and pump services to customers across the UK.
As part of the transaction, Baird Capital Managing Director, James Benfield will join the Clearwater board of directors.
Headquartered in Camberley, Surrey, Clearwater provides water solutions and services to estate owners and facilities managers across variety of sectors, including food and beverage, pharmaceutical, industrial and the public sector. The business was founded in 1990 by the CEO Guy Rowley and has grown its operations across the UK and Ireland as
The private debt industry has more than tripled in size since 2006, with assets under management (AUM) increasing from USD152bn to USD465bn as of June 2014. Ryan Flanders, Executive Editor of the newly released 2015 Preqin Global Private Debt Report, examines the growth of the asset class.
The global private debt market, also referred to as the alternative or non-bank lending industry, is fast approaching USD500bn in AUM. The industry has seen steady growth over recent years, spurred on by the growing opportunity of providing private companies with debt financing in the face of bank regulation. One of the
P Schoenfeld Asset Management (PSAM) has submitted two resolutions on behalf of select clients who own 7,500,000 shares of Vivendi , to the company’s Management Board for inclusion on the agenda of the Company's Combined General Meeting to be held on 17 April, 2015.
PSAM's clients also own 3,189,281 additional shares of Vivendi. In aggregate, the shares have a market valuation of approximately EUR236,821,000 as of market-close on Friday, 20 March, 2015. PSAM has been a Vivendi shareholder since July 2012.
PSAM believes that Vivendi is significantly undervalued due to its excessive cash holdings, inadequate capital return policy and
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