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Pictet Alternative Advisors (PAA) has held the final close of Monte Rosa V, the fifth fund in a series of diversified, multi-manager private equity funds, at at USD 1.164 billion.
Maurizio Arrigo, head of Private Equity at PAA, said that the capital raise positions Pictet as a “leader in the global private equity sector, capable of attracting both high net worth individuals and traditional institutional investors.”
Monte Rosa V will invest mainly in North American and European buyout funds, as well as in other geographies (for example China, Australia, emerging markets, but to a lesser extent). It will also invest in
Independent fund and corporate services provider, the Aztec Group, has made two new senior appointments to the Group’s Private Equity team –n Paul Watson has been appointed as a Director, while Alexandra Prince has assumed the role of Associate Director.With 20 years’ experience in international finance, Watson brings expertise in the planning and delivery of complex transformational programmes to the Group. Previously a principal consultant with a Channel Islands-based change management consultancy, he has held senior positions with Sanne and HSBC in the UK, the Channel Islands and Bermuda. In his new role, Watson will be responsible for the provision
EQT portfolio company SUSE, an open source infrastructure software provider, has acquired Silicon Valley-based Rancher Labs, a Kubernetes container management platform. Together, the companies will be ideally positioned to support global enterprises in accelerating their transition from traditional on-prem IT infrastructures to hybrid and multi-cloud environments.
Headquartered in Nuremberg, Germany, SUSE is a pioneer and recognised leader for enterprise grade open source software with more than 25 years of engineering excellence. Today, more than 13,000 blue-chip enterprise customers around the world use SUSE’s software to run mission critical applications anywhere – on premise, hybrid and multi-cloud across all industry verticals. The
Machine Labs has raised a Seed Extension round of GBP1 million (USD1.25 million) lead by Techstart Ventures alongside the founders, the angel investors Bill Dobbie and Richard Freedman, and the British Business Bank.
Mercia Asset Management has announced the sale of The Native Antigen Company Limited (NAC) to LGC, a specialist in the life sciences tools sector, for a total cash consideration of up to GBP18.0million.Mercia held a 29.4 per cent fully diluted direct holding in NAC at the date of sale and will receive initial cash proceeds of GBP4.8million, with up to a further GBP0.4million receivable upon finalisation of customary closing working capital calculations.
Based upon the total anticipated amount receivable of GBP5.2million, the total realised return above the GBP2.7million holding value as at 30 September 2019, will be a further
Avista Capital Partners (Avista), a private equity firm focused exclusively on healthcare, has appointed Steve Schiess and William E Klitgaard to the firm’s operating executive team. As Operating Executives, Schiess and Klitgaard, who bring decades of experience in the healthcare industry, will play active roles in sourcing investment opportunities and building, growing and transforming Avista’s healthcare investments. Building off his successful career in the dental industry, Schiess will focus on investment opportunities and businesses in the Medical Devices & Technologies sub-sector. On the heels of Avista’s recent investment in the Healthcare Information Technology (“HCIT”) space, XIFIN, Klitgaard will focus on HCIT and Outsourced
YourMedPack Ltd, a provider of smart medication packs to support patients at home and in care, has secured GBP600,000 in funding from the Greater Manchester & Cheshire Life Sciences Fund, managed by Catapult Ventures, and existing investors.YourMedPack has developed a smart medication pack to support patients at home or in care to take their medications, improve medication management and aid adherence. The company’s smart medication packs are based on widely used blister packs already familiar to patients and their families, as well as carers and pharmacies. Despite being a novel solution, the technology is cost effective and does not require
Mobilux, the holding company of BUT, a Clayton, Dubilier & Rice (CD&R) portfolio company, is to acquire Conforama France, a subsidiary of Steinhoff International, to create the largest omnichannel furniture retail group in France. After the transaction close, BUT and Conforama France will continue to operate as independent entities under common ownership.
Conforama France is a leading home equipment retailer of furniture, decoration, and a range of homeware appliances and electronic goods. The combination with BUT will be No1 by revenue in the French home furnishings market, underpinned by strong brands, a broad network, competitive product positioning and a compelling customer
Keensight Capital, a private equity manager dedicated to pan-European growth buyout investments, has appointed Stéphane Jamin as a Director.Jamin benefits from 10 years of experience both in the industry and in strategic consulting. Alongside the investment team, he will support portfolio company managers in the fields of operational excellence, commercial strategy, organisation, internationalisation, and more broadly will help them create value through profitable growth.
Prior to joining Keensight Capital, Jamin was a Manager at Kearney where he advised executive committees and led strategy and transformation projects for leading international players and medium-sized companies with a focus on healthcare, manufacturing, and
Michael Newton, Head of Institutional Client Operations at Crestbirdge, will move to Luxembourg to support the growth of the company’s Fund Services team.As Head of Institutional Client Operations, Newton is part of Crestbridge’s senior leadership team. His role has been extended so he is also responsible for growing the fund services offering from Luxembourg, where he will spend four days a week with the remaining time in Jersey, to support the firm’s growing, global fund client base. Newton will continue to oversee client facing activities within the Group’s fund, real estate and corporate services teams with a view to ensuring
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