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Global professional services provider Suntera Global has been granted a licence to provide fund administration services in Jersey.
Awarded by the Jersey Financial Services Commission (JFSC), the new licence enables Suntera Global to support private equity, real estate, venture capital and other alternative fund managers with a full range of administration services from Jersey, from fund set-up and structuring, through to back-office reporting and accounting, and governance and oversight.
The new licence complements the Group’s existing fund administration capabilities through its highly experienced teams in the Cayman Islands, Bahamas and Isle of Man who support the needs of fund managers
SS&C Technologies Holdings has appointed Suresh Krishnamurthy to lead client solutions for SS&C GlobeOp Private Markets, SS&C’s private equity and real assets fund administration business.
He will report to Bhagesh Malde, global head of SS&C GlobeOp Private Markets.
“We are very excited to have Suresh join our rapidly growing private equity and real assets business. His extensive expertise and track record in building solutions for Alternatives clients will enhance SS&C’s capacity to help our clients improve, transform and manage their business processes at scale,” says Bhagesh Malde.
As the alternative investment landscape continues to expand, demand has grown for
Schulte Roth & Zabel (SRZ) has added Gregory Ruback as a partner in the Finance & Derivatives Group, resident in the firm’s New York office. He joins SRZ from DLA Piper, where he was a partner in the Finance Group.
“Greg is a market-leading lawyer with specialist expertise, and we are thrilled to welcome him to SRZ,” says Craig Stein, co-head of the Finance & Derivatives Group.
“Greg’s substantial expertise across a broad range of industries and asset classes will further enhance our strong capabilities and client offerings,” says Boris Ziser, co-head of the Finance & Derivatives Group and a
Sandvik has signed an agreement with Battery Ventures to acquire US-based Cambrio, a company with an end-to-end portfolio in CAD/CAM software for manufacturing industries like automotive, transportation, energy, medical and aerospace.
“This is in line with our strategic focus to grow organically and through acquisitions in the advanced manufacturing space, with special focus on industrial software close to component manufacturing, industrial metrology- and additive manufacturing solutions. Cambrio will enable a broadened customer offering, covering more of the total manufacturing value chain,” says Stefan Widing, President and CEO of Sandvik.
Sandvik’s strategic ambition is to provide customers with software solutions
The Riverside Company, a global private investor focused on the smaller end of the middle market, has invested in Plumbing Heating Paramedics LLC (PHP).
The deal is an add-on investment to Riverside’s platform, Threshold Brands, a multi-brand franchisor of trade services concepts.
With plans to begin franchising the concept immediately, the acquisition also marks the company’s entry into plumbing and HVAC franchising. PHP represents the sixth company added to the Threshold Brands platform, which has more than 400 locations in North America.
Founded in Indianapolis, PHP is a founder-owned and operated company providing HVAC system repairs, HVAC system replacements, plumbing
Partners Group has agreed to acquire a 24.9 per cent equity stake in Apex International Corporation (Apex), a globally integrated logistics solutions provider, on behalf of its clients.
Upon closing of the transaction, Partners Group will join majority shareholder Kuehne+Nagel Group, one of the world’s leading logistics companies, with a seat on the Apex Board.
Founded in 2001 and headquartered in Hong Kong and Shanghai, Apex is one of Asia’s leading freight forwarders, especially on the transpacific and intra-Asia trade routes. The Company has around 1,600 employees across 41 locations globally. In 2020, Apex generated turnover of USD 2.4 billion,
Gresham House Energy Storage Fund plc, the UK’s largest fund investing in utility-scale battery energy storage systems (BESS), has signed contracts for the acquisition of a further 425MW of projects from Gresham House Devco Limited (the current pipeline) of which 275MW are proceeding into construction with commissioning targeted for Q1 2022 and the remaining 150MW will be built subject to funding and other conditions.
The acquisition fully commits the equity funds raised in November 2020.
In addition to the current pipeline, the company has expanded its exclusive pipeline by a further 427MW (the subsequent pipeline). The Company’s intention is
AURELIUS has successfully closed its acquisition of SSE Contracting Limited (SSEC) from SSE Plc in a complex carve-out of the multi-disciplinary Mechanical and Electrical (M&E) contracting business for an enterprise value of GBP27.5 million.
As a standalone business SSEC is one of the biggest M&E contractors in the UK and Ireland providing mechanical, electrical, rail, street lighting and high voltage engineering services to install and maintain key infrastructure. The transaction has been structured to be the second under the newly implemented co-investment program of AURELIUS.
Operating from its nationwide network, SSEC has around 1,900 employees and high voltage (HV)
Hybrid Apparel has completed its acquisition of Air Waves, a design and technology driven print-on-demand (POD) provider serving e-commerce and wholesale customers.
Air Waves will continue to operate in Columbus, Ohio and provide its print-on-demand and technology services to Hybrid’s retail customers and global license and lifestyle brand partners. Hybrid Apparel is a leading global wholesaler of licensed, branded and private label apparel, and portfolio company of Altamont Capital Partners.
Air Waves was founded in 1981 as a contract screen printer and developed into a modern e-commerce leader complete with print-on-demand, leading design capabilities, advanced technology integrations and drop-ship
Northern Trust has launched a machine learning-powered document capture capability as the foundation of a multi-year investment to digitise alternative asset servicing and enhance the experience for asset owner clients that invest in complex private market and unlisted assets.
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