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HIG Growth Partners has sold a majority of its affiliate’s investment in SpotXchange to RTL Group. SpotXchange is a video advertising platform offering premium publishers holistic yield management in order to maximise revenue for desktop, mobile and connected TV inventory while driving down operational costs.   The company was first to market with its real-time bidding solution for video advertising and has continued to enhance its programmatic publisher solutions to ensure transparency, brand safety and real-time control for its partners.   “HIG has been an exceptional partner to SpotXchange as we have grown and expanded our market offerings,” says Mike
Nautic Partners has partnered with management to acquire All Metro Health Care Services, a provider of home and community based services in New York, New Jersey and Florida. All Metro was founded in 1955 and is headquartered in Lynbrook, New York. It provides primarily non-skilled personal care aide services, including light housekeeping, homemaking, bathing and grooming to seniors and high needs individuals.   “We believe that All Metro is well positioned to serve as a value-added provider in its core states due to its high quality reputation, its broad geographical footprint and its leading presence in the New York specialty
Alceda Fund Management has been granted a licence to act as Alternative Investment Fund Manager (AIFM) by the Luxemburgish Commission de Surveillance du Secteur Financier (CSSF). The licence will enable Alceda to work with initiators of Alternative Investment Funds (AIFs) covering both traditional open-end equity and bond funds as well as closed-end real asset funds.   In March 2014, Alceda Asset Management GmbH had been granted a licence to act as AIFM by the German Federal Financial Supervisory Authority (BaFin).   Alceda manages and handles the administration of the funds issued by the Aquila Group and acts as AIFM and
Nexxus Capital, through Nexxus Capital Private Equity Fund III, has partnered with Grupo Chartwell and Walton Street Capital to form Grupo Hotelero Santa Fe, a platform to operate and acquire hotels in Mexico. As of 30 June 2014, Grupo Hotelero Santa Fe’s operating portfolio includes 13 hotels of which six are its own, four are owned by third parties and three are in development stage for a total of 3,292 current rooms plus 443 rooms under development.   The company’s hotel platform includes the brand Krystal consisting of four hotel sub-brands: Krystal Grand (5 star luxury), Krystal Resorts (5 stars),
GSV Asset Management and Gentry Financial Group have launched GSV Financial Group, which will operate four principal businesses previously managed under the Gentry brand. The four brands are: •             GSV Ventures (formerly Gentry Venture Partners LLC) •             GSV Securities (formerly Gentry Capital Advisors LLC) •             GSV Equity (formerly Gentry Venture Management LLC) •             GSV Investment Advisors (formerly Gentry Private Wealth Management LLC)   As part of the transition, Gentry Financial Group, the parent company for these businesses, will re-brand as GSV Financial Group.   According to Larry Aschebrook, Gentry’s founder and CEO of GSV Financial Group, the alignment with GSV
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The combined value of offshore deals in the second quarter of 2014 jumped 23 per cent over the previous one, making it one of the highest value quarters of the past decade, according to a report by Appleby. Given that the first half of the year is frequently quieter than the second half, this is encouraging news for the remainder of 2014, says Appleby.   The latest edition of Offshore-i, an Appleby report that provides data and insight on merger and acquisition activity in the major offshore financial centres, focuses on transactions announced during the second quarter of 2014, a period
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Idinvest Partners has held the first closing of Idinvest Private Debt III at EUR235 million. The final closing, which is scheduled for the end of 2014, is likely to exceed the fund’s initial target of EUR300 million.   Idinvest Private Debt III is a fund dedicated to mid-sized European companies with a view to supporting them in their growth or LBO.   The fund targets investments of EUR5m to EUR20m in mid-sized European SMEs through mezzanine debt financing and secondary market deals (purchasing mezzanine debt on the secondary market).   Idinvest Private Debt III has already carried out three investments
Neuberger Berman Private Equity has named two industry veterans – Michael DeVirgilio and Cory M Baker – to lead its entry into the brand acquisition, licensing and management industry. The platform, Marquee Brands, will seek to identify, acquire, and manage high quality brands with global opportunities across all consumer segments.    DeVirgilio will serve as president of Marquee Brands and Baker will serve as its chief operating officer. Neuberger Berman's team focused on Marquee Brands will include Samuel Porat, managing director, who is responsible for royalty strategies, Zachary Sigel, vice president, who will lead the development of Marquee Brand's acquisition
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CenterOak Partners, a new Dallas-based private equity firm focused on making control-oriented investments in middle market companies, has been formed by Randall Fojtasek, former co-founder and co-chief executive officer of Brazos Private Equity Partners. Fojtasek will lead the firm alongside former Brazos senior executives Michael Salim, Lucas Cutler, Jason Sutherland and William Henry.   CenterOak’s senior leadership team has approximately 12 years of experience working together and more than 110 years of combined industry expertise.   In addition to CenterOak’s investment and portfolio management team, three operating partners will support the firm’s sector-specific investment activities. These operating partners are senior
Boutique alternative asset investment firm TrueBridge Capital Partners has closed its third venture capital and growth equity fund-of-funds, TrueBridge Fund III. The fund received USD400 million in limited partner commitments, exceeding a USD325 million target and reaching its hard cap.   TrueBridge manages over USD1.2 billion in assets.   With its third fund, TrueBridge will continue to invest primarily in high-performing and difficult-to-access venture funds focused on early stage IT companies in the US, as well as directly in select companies alongside its underlying managers.   "We are grateful for the continued support of our limited partners, who allow us

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