Allocations
JP Morgan Worldwide Securities Services today announced that it has been appointed by Cerberus Capital Management, LP, one of the world’s leading private investment firms, to provide fund administration and related securities services for its investment funds with aggregate assets of over USD23 billion.
The JP Morgan platform will be supplemented by certain back-office personnel of Cerberus who will become employees of JP Morgan.
"The transition of the services to a world class third-party administrator provides our firm strong infrastructure support and the independence preferred by our investors,” says Jeffrey Lomasky, Senior Managing Director and Chief Financial Officer of
Mid-market private equity firm LDC has funded the acquisition of US based MetricTest for portfolio company Microlease, the international provider of rental and asset management services to the test equipment market.
LDC originally backed the GBP30m management buyout of Microlease in 2006, investing a further GBP8.3m in 2009 to provide further capital to support a programme of acquisitions and continued organic growth.
The business subsequently acquired rental specialist Telogy International NV in 2009, making Microlease the largest provider of its kind in Europe with the most comprehensive portfolio of services, followed by Hamilton Hall Consultants earlier this year to
Saffar Holdings Limited has retained Arma Partners LLP to advise on strategic options in relation to its portfolio company, Zawya Limited in response to several unsolicited expressions of interest in Zawya that have recently been received.
Founded in 2001 and based in Dubai, UAE, Saffar is a leading early-stage private equity investor in the financial services sector in the Middle East and North Africa (“MENA”). Its focus is to nurture and grow financial services companies to serve the region. Saffar acquired a majority stake in Zawya in 2001 and has provided financial and management support with which the Company has
The Blackstone Group and ACM Projektentwicklung GmbH thave agreed a strategic partnership whereby investment funds advised by Blackstone will acquire, indirectly through a holding company, a 44% minority stake in Leica Camera AG (Leica), to support the company’s international growth plans.
Headquartered in Solms, Germany, with 1,150 employees, Leica has a long tradition of manufacturing premium-segment cameras and sport optics products. Over the past sixty years, Leica has grown to become a leading German brand and is seen as the epitome of German engineering excellence and an ambassador of the “Made in Germany” quality seal. Leica has become synonymous with
Global alternative asset manager The Carlyle Group has reached an agreement to acquire an 85% share of Telecable de Asturias SAU (Telecable), a Spanish-based TV, telephony, broadband and advanced business solutions provider for the Asturias region in Spain.
Liberbank will retain a minority stake after the transaction, which is expected to close by year-end. The transaction values the company at EUR400 million; equity for this investment will come from Carlyle Europe Partners III (CEP III), a EUR5.3 billion investment fund advised by The Carlyle Group.
Telecable is a well-established telecommunications provider with 156,000 fixed and mobile voice and Internet
Statoil ASA and Brigham Exploration Company have entered into a merger agreement for Statoil to acquire all of the outstanding shares of Brigham for USD 36.5 per share through an all-cash tender offer.
The Brigham Board of Directors has unanimously recommended to its shareholders that they accept the offer. Ben "Bud" M. Brigham, Chairman, President and CEO and the other executive officers and directors of Brigham, who collectively own approximately 2.5% of the outstanding shares, have agreed to tender all of their shares. The total equity value is approximately USD 4.4 billion, reflecting an enterprise value of approximately USD 4.7
Lyceum Capital has funded the merger of two of the UK’s biggest independent drainage companies – a transformative deal which creates a GBP50 million turnover, market-leader in the provision of specialist services to the household, industrial, commercial, transport and water sectors.
In January 2010 Lyceum Capital acquired a majority stake in the largest drainage claims manager in the home insurance market, UK Drainage Network (UKDN). The mid market investor has implemented a programme of organic growth which has driven a 30 per cent increase in revenues since the acquisition.
The merger of UKDN with Slough-based Waterflow Holdings is
Emerging Capital Partners, a Pan-African private equity specialist, has signed a co-operation agreement with the International Finance Corporation (IFC) to participate in its Private Equity Africa Climate Change Investment Support program. ECP is the first private equity firm to participate in the program.
The program, funded by the Norwegian Government, is designed to enhance sustainability best practices in Africa. Through the program, the IFC works with private equity fund managers and provides advisory services in Sub-Saharan and North Africa by identifying resource efficiency and other sustainability-related cost-savings opportunities, in this instance for Emerging Capital Partners’ Pan-African Fund portfolio companies.
Vision Capital has agreed to sell Terphane to Tredegar Corporation (NYSE: TG), a global manufacturer of plastic films and aluminium extrusions, for USD188 million.
Under Vision Capital’s ownership, Terphane, a leading manufacturer of speciality polyester films with operations in Brazil and North America, has made rapid operational and financial progress, benefiting from a clear strategic and operational business improvement plan.
Andrew Hawkins, a Managing Partner at Vision Capital, says: “The strategic plan and investment we have made in Terphane have yielded excellent results. The business is now on a very strong platform for future growth. Tredegar is a world leading
Cleary Gottlieb is representing JC Flowers & Co in its EUR243.6 million acquisition of Fidea (Belgium) from the KBC group. The transaction was signed on 17 October, 2011 and is expected to be completed in the first quarter of 2012, subject to customary regulatory approvals.
The divestment of Fidea is part of KBC’s wider restructuring plan, approved by the European Commission, following government support received by KBC in 2008.
Fidea is a complementary insurance distribution channel (under a separate brand name) that KBC used in addition to its core bancassurance platform built around tied insurance agents and bank branches. It
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
