Managers
Avedon Capital Partners and the management of Robidus have acquired all outstanding shares in the firm from current shareholders and founders. Avedon will support Robidus’ ambition to become an innovative partner in the field of social security services and software by providing capital and expertise.
According to Managing Director Sven Kelder, who has been working for Robidus since 2003, Avedon’s expertise and portfolio complement Robidus’ growth ambitions. "Our company initially started by exploiting unused subsidies, but now offers an integrated approach in the field of social security services and software. Avedon believes in our approach and strategy and is willing
Audax Group has partnered with management to acquire Techniks Industries, a leading provider of industrial cutting tools and tool holders in North America, from Tenex Capital Management, a private equity firm based in New York.
Techniks Industries was formed by the merger of NAP Gladu and Techniks in 2012. NAP Gladu manufacturers and services wood and metal cutting tools used in building materials and industrial end markets, and Techniks supplies tool holding and work holding products used in CNC machine applications for general industrial end markets.
“Techniks Industries is a recognised market leader in the fragmented cutting tools and
Law firm and regulated sponsor Howard Kennedy has opened the 2015/16 VCT season advising Octopus Titan VCT on the launch of its GBP50m prospectus – the first VCT prospectus launched this tax year.
Octopus Titan VCT is the largest Venture Capital Trust in the market, and was named ‘Best VCT’ at the 2015 annual What Investment Awards. Octopus is a leader in early-stage investment, with over GBP5bn in assets under management and more than 400 staff.
Partner and Head of Capital Markets Keith Lassman (pictured) and partner Stephen Heinemann led the Howard Kennedy team advising Octopus Titan VCT. Howard Kennedy is
Inflexion Private Equity has completed the IPO of On the Beach Group, the UK short-haul packaged beach holiday provider, generating a total realised and unrealised return of 3.6x with an IRR of 84 per cent, within just 23 months of ownership.
The flotation of On the Beach has priced on the London Stock Exchange, with a market capitalisation of GBP240 million.
On the Beach operates a market leading technology platform, developed in a highly agile environment with constant innovation and personalisation to deliver a rich customer experience. Inflexion’s buyout in October 2013 helped On the Beach exploit the structural
Africa private equity specialist Development Partners International (DPI) continues to grow, having moved to larger offices last December to accommodate the firm’s 24 staff after doubling in size in the past two years alone.
The firm has also entered their heartland Africa, with an office opening in Lagos, Nigeria, last December, their first on the continent, headed by Idris Mohammed, a long-standing Partner with DPI.
DPI has also expanded its team with three senior appointments year to date alone: Marc Stoneham, who joined the firm as Portfolio Manager from McKinsey where he worked as Engagement Manager responsible for Africa;
KKR is to back Roland Wessel, Colin Judd and Melvyn Horgan, founders and former management team of Star Energy, to launch Trans European Oil & Gas Limited.
Trans European Oil & Gas intends to build a portfolio of conventional onshore oil and gas properties in proven hydrocarbon plays in Europe, and apply its extensive experience in enhanced oil recovery (EOR) techniques to optimise production.
Established in 1999, Star Energy made several acquisitions of producing assets and successfully applied EOR techniques. Star Energy grew to encompass 25 producing oil and gas fields and a commissioned 10 bcf gas storage facility.
Guernsey’s financial services regulator approved 18 new investment funds during the second quarter of 2015, resulting in a total of 112 additions for the year ending 30 June 2015.
Figures from the Guernsey Financial Services Commission (GFSC) also show that the net asset value of all funds under management and administration in Guernsey fell by GBP2.3 billion (-1 per cent) during the second quarter to GBP219.9 billion. The value of deposits held by banks in Guernsey increased by GBP0.2 billion (0.2 per cent) during the same period to reach GBP83.6 billion; representing a rise of GBP6.1 billion (8 per cent)
Drawing on data compiled for the recently-released 2015 Preqin Alternative Assets Performance Monitor, Preqin has created league tables of hedge funds that have most consistently delivered strong, stable performance. The league tables do not seek in any way to endorse these funds, but rather to illustrate those that have performed the most consistently over the period June 2010 – June 2015. Seven top-level strategies are represented – Equity, Macro, Event Driven, Credit, Relative Value, Multi-Strategy, and CTA – with all of the top 10 equity strategies funds scoring over 90 out of 100 across all metrics.
To identify the
Palatine Private Equity has exited Playnation, a UK supplier of amusement and entertainment machines, selling its stake to the NOVOMATIC Group, one of the largest integrated conglomerates of the international gaming industry.
The Runcorn-based business, which currently employs over 700 staff, owns and operates 20,000 amusement and entertainment machines across over 1,700 sites in the UK. The firm partners with high profile names in the leisure sector across holiday parks, motorway services, bowling centres and airports, with clients including Bourne Leisure, Park Resorts, Parkdean, Moto, Welcome Break and Roadchef.
The company was established in 2013, following a management
Eaton Partners has served as the exclusive placement agent for Asian private equity firm ADV Partners (ADV) on its inaugural pan-Asia fund, ADV Opportunities Fund I, exceeding its target to reach USD545 million.
The fund is the fifth fundraising Eaton has closed this year in Asia, bringing the total amount raised for the region to more than USD3 billion. ADV was co-founded in 2013 by Brad Landes, Suresh Prabhala and Jianyi Zhu who worked together at Mount Kellett Capital and previously held senior management roles with the Asia principal investment platforms of JP Morgan and Goldman Sachs. The firm is
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
