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Apex Group (Apex) has closed its acquisition of Brazilian independent fund administrator BRL Trust Investimentos (BRL Trust).
BRL Trust’s clients can now benefit from access to the Group’s single-source solution, including an extended range of products and markets, serviced by over 5,000 people across 50 offices worldwide.
This acquisition expands the Group’s growing presence in the Latin American market, adding 160 new colleagues and a new office in São Paulo. This strategic addition to the Group further supplements its local market private equity expertise, while adding liquid asset servicing capabilities for Brazil.
BRL Trust’s client base includes large
Wella Company (Wella), a specialist in the USD100 billion beauty industry with a top professional and retail hair, beauty tech and nail portfolio of iconic brands including Wella Professionals, Clairol, OPI, Nioxin, Sebastian Professional and ghd, has appointed three diverse C-suite executives to its Leadership Team.
Virginie Costa joins as Global Chief Financial Officer; one of only seven women in a pool of 25 CFOs leading global finance functions among the top 25 beauty companies. Gretchen Koback Pursel joins as Global Chief People Officer and Hugh Dineen joins as President of Global Brands and Global Chief Marketing Officer. The appointments,
Funds advised by SK Capital Partners (SK Capital), a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, has acquired the monomers, polymers and European businesses of Deltech Holdings (Deltech).
SK Capital has acquired a majority interest in the Baton Rouge, Louisiana-based business. Bob Elefante, one of Deltech’s original founders and current President and CEO, is retaining a significant ownership stake in the Company and will remain actively involved in the business, including serving on the Board of Directors.
“Deltech is a world leader in the production of high-performance aromatic monomers and specialised crystal polystyrene,” says
The number of UK businesses acquired by US private equity houses has jumped 57 per cent from 37 to 65 in the past year, as PE funds look to the UK for value, new research from global law firm Mayer Brown has revealed.
US PE firms also account for a larger share of takeovers of UK businesses, rising from 18 per cent of total UK PE deals last year to 21 per cent in 2021. Meanwhile, the share of UK PE acquisitions by UK PE funds has fallen from 72 per cent last year to 67 per cent in the
Memery Crystal has advised Vitality CBD on its GBP10.2m acquisition by CSE/AQSE-listed Yooma Wellness via the company’s wholly owned subsidiary, Yooma Europe Limited.
Vitality is a market-leader in CBD products in the UK, and its presence at mainstream retail outlets such as Boots, Lloyds Pharmacy, Tesco and ASDA means that this acquisition adds a significant source of recurring revenue to Yooma and its subsidiaries.
Yooma Wellness are a global vertically integrated wellness platform that develops and markets a portfolio of CBD and wellness brands. The acquisition of Birmingham-based Vitality also expands Yooma’s target customer base and distribution network for its
Finverity, a mid-market supply chain finance platform with a focus on emerging markets, has appointed Brett Downes as its Chief Risk Officer.
At Finverity, Downes will be in charge of overseeing the risk function, enhancing the risk management processes and contributing to the development of the platform’s risk functionality, putting his vast experience of trade and supply chain finance into action. The appointment comes at a time when growing investor interest in the attractive investment features of supply chain finance combined with Finverity’s robust and scalable processing technology platform are propelling Finverity to enter a growth phase in its development
Exus Management Partners (Exus), a specialist in powering sustainable investments through operational excellence, has facilitated the financial close of the EUR500m sale of a 450MW portfolio of 11 Spanish wind farms, owned in partnership by Spanish family office Corporation Masaveu (Masaveu) and Belgian investors Korys, to Chinese clean energy developer China Three Gorges Europe (CTGE).
The deal, which was initially agreed in February 2021, see’s CTGE take ownership of 11 wind farms and one photovoltaic field across two portfolios – Cefiro and Windrose – located in the Castilla y León region of Spain.
Despite the rapid growth of renewable energy
ZEDRA has appointed Damien Fitzgerald as Head of Funds for Guernsey. In the role, he will lead the firm’s fund solutions offering and will be supported by the recently appointed Head of Fund Operations, John Donnelly, an industry veteran with considerable experience in client service management, financial reporting and fund accounting.
Fitzgerald has accumulated a wealth of knowledge with 23 years of fund administration, corporate governance, accounting and audit experience, including 17 years in Guernsey’s financial services industry. Prior to joining ZEDRA, he was Head of Funds at another renowned fund services administrator in Guernsey, leading a team of 70
VIVA Investment Partners AG (VIP), a multi-manager investment platform headquartered in Zurich with offices in Athens and London, and AnD Ventures Fund LP (AnD), an Israeli venture capital fund based in Herzliya, have created a partnership to scale AnD’s new model of venture capital harnessing their networks and expertise, and have signed a Memorandum of Understanding (MoU).
Private equity firm OpenGate Capital’s portfolio company, Kongsberg Precision Cutting Systems (Kongsberg PCS) has acquired MultiCam, a US manufacturer and distributor of Computer Numerical Code (CNC) cutting machines, and a leader in digital finishing processes.
MultiCam was acquired from Rosewood Private Investments. Terms of the acquisition have not been disclosed.
The acquisition of MultiCam highlights OpenGate Capital’s strategy of pursuing add-on investments as means of growing and creating meaningful value in its portfolio companies. MultiCam is the seventh add-on investment completed for platform companies within OpenGate’s Fund II portfolio.
Kongsberg PCS is recognised as the leading provider of high-speed, precision
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