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Boardroom Alpha, a ratings and analytics platform providing quantitative measurements of public company directors, CEOs and CFOs, has launched an intelligence tool for evaluating the performance of Special Purpose Acquisition Companies (SPACs).
Read the full story at Institutional Asset Manager…
Toshiba, currently courted by numerous PE groups, confirmed it has ‘received an initial proposal’ from CVC this week and will ‘ask for further clarification and give it careful consideration’, in what looks like a process which could become Japan’s largest ever buyout deal.
Toshiba issued a statement on 9 April saying that the initial proposal is conditional on clearance of anti-trust regulation, as well as the Foreign Exchange and Foreign Trade Act of Japan, and necessary financing.
The corporation also said that the proposal involved seeking finance assistance from co-investors and financial institutions in pursuing the proposed transaction. “We expect
TMF Group, a provider of global administrative services – including fund accounting and administration – has today completed the acquisition of Venture Back Office (VBO), a US based third-party provider of solutions to private equity, real assets, credit, and emerging manager funds.
As a result, TMF Group will now administer more than EUR150 billion worth of assets on behalf of its global fund manager client base.
The acquisition is a key milestone in TMF Group’s strategy to continue to grow its global fund services business and bolster its capabilities in the North American market, particularly in the US. The
Texture Capital, an institutional marketplace for private capital, is partnering with COSIMO X, a venture capital fund that invests in opportunities in emerging next-generation technologies.
Texture Capital’s ATS will support capital raising and secondary market trading of the COSIMO X digital tokens and enable COSIMO X to reach a broader network of investors and offer secondary market liquidity opportunities not typically available to institutional investors.
Through Texture Capital’s online marketplace, investors will be given streamlined access to the COSIMO X venture capital fund. COSIMO X’s innovative tokenised structure offers investors opportunities for increased liquidity and the ability move funds in
PSG, a growth equity firm that focuses on partnering with middle-market software and technology-enabled service companies, has acquired a majority stake in Nalanda Global (Nalanda), a leading Software-as-a-Service (SaaS) company providing supplier risk management software solutions.
Nalanda leverages intelligent cloud software to connect companies and suppliers using a digital platform that enables the smooth exchange and verification of health and safety, due diligence, suppliers validation, invoices and other business information as well as providing solutions to ensure compliance with worker access, working time and e-invoicing legislation. Nalanda’s solutions reduce time, cost and risk, as well as facilitating a transparent relationship
Doug Brookman has joined Mesirow Investment Banking as Managing Director, with a focus on developing and nurturing key relationships with established private equity firms and family offices.
Brookman joins Mesirow after serving as Head of Business Development at Pacific Avenue Capital Partners where he focused his efforts on deal origination and marketing. Before that, he worked at Platinum Equity as part of the Business Development team. Over the course of his 10-year career in financial services, Brookman has created and led strategies for middle-market and add-on transactions, leading to 10 closed acquisitions.
“We are pleased to add Doug’s talents to
The number of M&A deals for professional services firms rose from 76 in 2019 to 89 in 2020 – including 19 acquisitions backed private equity funds – with the appetite of PE houses for deals in the sector growing, says Mayer Brown, the global law firm.
Mayer Brown says the recent sales of the restructuring arms of Big Four accountancy firms KPMG and Deloitte have highlighted the increased interest in professional services firms from PE funds. KPMG sold its restructuring practice to HIG Europe, while Deloitte sold its restructuring practice to professional services platform group Teneo, owned by CVC Capital
KPS Capital Partners (KPS) is to acquire the Europe, Middle East and Africa food, aerosol and promotional packaging business (EMEA Food and Consumer Packaging Business) from Crown Holdings for EUR2.25 billion (USD2.7 billion). Crown will retain 20 per cent ownership of the Company.
The transaction is expected to close in the third quarter of 2021 and is subject to customary closing conditions and approvals.
The EMEA Food and Consumer Packaging Business is the largest manufacturer of steel and aluminum food packaging in Europe and is a leading manufacturer of aerosol and promotional packaging. The Company is critical to the
Initially sideswiped by Covid-19 in early 2020, private credit markets began to bounce back by year’s end, leaving dealmakers optimistic that private credit might fully rebound in 2021.
According to a new survey of 112 private credit industry professionals conducted in February, 91 per cent of investors and 80 per cent of lenders surveyed expect deal flow to increase this year and are optimistic about several deal categories and sectors.
For the 2021 Private Credit Survey Report, Katten surveyed an almost-equal weighting of lenders and private equity investors. Those surveyed represent a variety of sectors (including financial services, information
AIA Group Limited (AIA) has established AIA VCC, a Variable Capital Company in Singapore as part of its group wide investment programme to facilitate capital deployment globally.
The Investment Manager of AIA VCC is AIA Investment Management Private Limited (AIAIM) that was established in 2016 as the Group level asset management company and with reported assets under management of SGD178 billion as at the end of 2020.
AIA is now exploring how the recently introduced VCC framework can support AIA’s investment programme with particular focus on balance sheet exposure to specialist and alternative investment strategies.
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