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Gerard Lopez, a founding partner of The Genii Group and Mangrove Capital Partners, which was an early investor in Skype, delivered a talk at the St Petersburg International Economic Forum 2012 this week where he presented possible technological advancements that will change the world in the next decade and offered his expertise on how to successfully invest in ‘The Next Big Thing’.   In a presentation to a distinguished audience, Lopez, who is an owner of the Lotus F1TM Team, offered potential solutions on a wide range of subjects; from the issues caused as a result of rapid urbanisation, to
Klöckner Pentaplast has completed a successful recapitalisation and strengthening of its capital structure with the support of its lenders. Following a cash equity injection of EUR190 million by a group of new investors led by Strategic Value Partners LLC and new debt facilities underwritten and funded by Jefferies & Company, Inc. and its affiliates (“Jefferies”), Klöckner Pentaplast has repaid, in full, the principal amount of EUR800 million of first lien senior secured credit facilities at par plus accrued interest. Following the equity injection, the SVP Investor Group has assumed ownership of the Company.   As part of the transaction, Klöckner
Private Equity (PE) firms in India invested USD1.8 billion in 91 deals in the first quarter of 2012, according to the first-ever MoneyTree India Report from PricewaterhouseCoopers Pvt Ltd (PwC), based on data provided by Venture Intelligence. The report is a quarterly study of private equity and venture capital investment activity in India, including further analysis by industry, region and stage of development. While quarterly PE investments decreased 24 per cent in the number of deals, the dollar value jumped 57 per cent compared to the fourth quarter of 2011 when USD1.1 billion was invested in 120 deals. The large
Symington’s Ltd, the convenience food manufacturer, it has completed the acquisition of family owned baking business Victoria Foods.  The deal brings together two major suppliers in the UK home baking sector and is a major boost for driving value and investment into a category estimated to be worth GBP576 million.   Victoria Foods has built up an enviable reputation for high quality, innovative, cake and baking mixes, including mixes for desserts and beverages over the last three decades. The portfolio ranges from own label brands, creations featuring favourite childrens’ characters, and mixes in association with leading brands including Jane Asher,
Power Plus Communications AG (PPC), a leading provider of broadband powerline communication systems for smart metering and smart grids, has raised EUR12 million growth capital in a round of funding by Siemens Financial Services’ (SFS) Venture Capital unit and British Gas with participation from existing investor Climate Change Capital Private Equity (CPE).  The strategic investment aims to accelerate PPC’s market growth in Europe and in the Middle East and establish its role in the transformation of the German energy system. Meanwhile, SFS and British Gas are strengthening their portfolio of advanced information and communications technology solutions for smart grid and
Money stack
Valence Health has secured a USD30 million minority investment from North Bridge Growth Equity, a venture capital growth equity firm focused on investing in mid-stage, emerging and high-growth technology companies. North Bridge Growth Equity is affiliated with North Bridge Venture Partners. The funds will be used to accelerate the company’s exceptional growth trajectory by adding seasoned healthcare talent; investing in strategic sales and marketing initiatives; and expanding its integrated suite of solutions aimed at improving healthcare and lowering costs through clinical integration, quality management and risk assumption. In addition to the financial investment, North Bridge has helped Valence Health bring
Business Growth Fund (BGF), which was established to help the UK’s fast growing smaller and medium sized businesses, today announced two investments totalling GBP4.4m into Springfield Healthcare Group, the largest independent provider of domiciliary care in Yorkshire and Humberside.  The investments of GBP2.5m and GBP1.9m respectively were made into Springfield Homecare and Seacroft Care Village.   This follows BGF’s investments of GBP4 million into Primrose, a rapidly growing online retailer of garden products; and GBP3 million into the Cennox Plc group of companies (including ATM Parts and Mainet), which provides services to the ATM (cash machines) sector.  These four investments
Plane taking off
Law firm August & Debouzy has advised Air France in connection with the creation of the new airline Air Côte d’Ivoire, dedicated to the transportation of passengers and merchandise in Western and Central Africa, but also in Côte d’Ivoire. The launch of this company will expand cooperation with airlines Air Burkina and Air Mali, the main shareholder of which is the Aga Khan fund for Economic Development. The purpose of the new company Air Côte d’Ivoire is to develop a platform in the Abidjan airport serving domestic and regional flights in Western and Central Africa.   The creation of Air
Henry R. Kravis, co-founder, KKR
KKR & Co is to acquire Prisma Capital Partners, a provider of customised hedge fund solutions. Financial terms for the transaction, which is expected to close in the fourth quarter 2012, have not been disclosed. Prisma was founded in 2004 by former Goldman Sachs partners Girish Reddy, Thomas Healey and Gavyn Davies, and is focused on maximising returns by investing in the industry’s most talented professionals. Prisma is known for identifying specialist hedge fund managers with exceptional track records and creating custom portfolios for clients. As of 1 April, 2012 Prisma had USD7.8 billion in assets under management, with more
Frontier Capital has held the final closing of its third private equity fund, Frontier Fund III, with USD250 million in capital commitments. The fund exceeded its initial target of USD200 million thanks to strong support from existing investors along with new commitments from other leading institutional investors including public and private pensions, fund of funds and family offices. “We are thrilled by the continued support we’ve received from our existing partners and very pleased to welcome several strong additions to our investor base,” says Richard Maclean, Managing Partner. “Our success in raising Fund III is a testament to our focused

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12 November, 2026 – 8:00 am

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