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McGuireWoods has continued the strategic expansion of its nationally recognised M&A practice with the arrival of partner Brian L Hager, who brings nearly 17 years of corporate deal experience to the firm’s Richmond, Virginia office.
Hager’s extensive deal experience includes advising public and private companies on mergers and acquisitions, venture capital investments, securities offerings and corporate governance matters. He represents clients across a broad range of industries including manufacturing, retail, consumer packaged goods, finance and insurance.
Joining Hager is McKenzie Carson, an accomplished deal lawyer with experience in a wide array of industries. Hager and Carson come to McGuireWoods from
Investment advisory firm Time Partners has expanded its team with three new hires – Crispin Payne, Ed Stubbings and James Morrison.
As chief transactions & operating officer, Payne will be responsible for leading internal operations and for providing advice to clients on private markets transactions. His focus will be to lead a collaborative team with strong, efficient processes to support the growth of Time Partners and support the client advisory teams with advice on private equity structures.
After an early advisory career with Hambros Bank and The Kalchas Group, Payne became a private equity investor with Dresdner Kleinwort Capital in
AND Digital, a British tech consultancy aiming to accelerate digital delivery for businesses by providing access to tech talent, has secured GBP8 million in follow-on funding from BGF, one of the UK’s most prominent growth economy investors.
“Since our inception, there’s been a pressing need for digital skills to become foundational to every organisation, regardless of sector or size,” comments CEO Paramjit Uppal comment on the funding round.
“Now, as Covid-19 persists, we believe even more deeply that every business is now a digital business – with software and data at its core, powered by talent at the heart,” he adds.
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
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