Allocations
Guernsey’s financial services regulator approved 42 new investment funds during the second quarter of this year, bringing the total number of additions in the 12 months to the end of June to 131.
Figures from the Guernsey Financial Services Commission (GFSC) show that 33 new funds were approved during the third quarter of 2013 and 30 during the fourth, along with 26 during the first quarter of 2014 and 42 during the second quarter.
The GFSC approved two open-ended funds, 17 closed-ended funds and 23 non-Guernsey open-ended schemes between the start of April and the end of June. Taking
Ridgemont Equity Partners has closed a majority equity investment in The Cook & Boardman Group, a distributor of commercial metal and wood doors, door frames, door hardware and related products.
Financial terms of the transaction have not been disclosed.
Cook & Boardman is headquartered in Winston-Salem, North Carolina, and operates 20 locations across eight states. The company serves the non-residential construction market, including the education, municipal, healthcare, commercial, office, multi-family, and hospitality sectors.
“Our partnership has spent a number of years carefully evaluating investment opportunities in the building products industry, and we believe that Cook & Boardman represents
Private equity firm HIG Capital’s Brazilian affiliate has completed investments in Grupo NZN and Click Jogos, two players in the digital media space in Brazil.
As part of the transaction, NZN and Click Jogos will merge.
Founded in 2000, NZN is among the top 10 most accessed web properties in Brazil, with nearly 30 million monthly unique visitors. The company is a digital content leader in technology, software guides, game reviews, general curiosities and TV show news. Its portfolio of websites includes Baixaki, Superdownloads, TecMundo, Mega Curioso, Baixaki Jogos, Minha Série and Em Resumo.
Founded in 2004, Click
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
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
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
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