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Hearthstone Investment Management Limited, an institutional investment manager specialising in UK residential property, has exchanged on 113 new homes across southern England and the midlands, on behalf of Hearthstone Residential Fund 1 (HRF1), its ten-year closed-ended private equity fund investing in the private rented sector across the UK regions.
The latest acquisitions, with a combined value of GBP28 million, complement the HRF1’s existing portfolio of homes in areas with good local infrastructure, and are aimed at families, professionals and key workers looking for high-quality, long-term rentals.
The new additions include 80 units in Milton Keynes and Stoke Mandeville, both in
Molecular Products Group acquires the OC Lugo Company
Molecular Products Group (Molecular Products), a portfolio company of Arlington Capital Partners (Arlington Capital), has acquired the OC Lugo Company.
The OC Lugo Company manufactures sodium chlorate-based chemical oxygen generators, and is a prime contractor for the US Navy. Chemical oxygen generators are devices used to produce pure breathable oxygen for use in enclosed spaces, including submarines.
Troy Rhudy, CEO of Molecular Products, says: “As the world leader in chemical oxygen generation systems, Molecular Products is excited to welcome the OC Lugo Company into the Group. Our combined capabilities will
Callan, an institutional investment consulting firm, has hired Catherin Beard, CFA, as senior vice president in the expanding Alternatives Consulting group.
Beard is to join the Chicago office and will provide consulting and research across alternatives, with a particular focus on private credit and diversifying strategies. She will report to Pete Keliuotis, executive vice president and head of alternatives consulting at Callan.
“Catherine brings tremendous value to the Callan team, including extensive experience and a strong reputation as an investor, consultant, and allocator,” says Keliuotis. “We expect her to contribute strongly to our research, consulting, education, and business development
Helen Draijer is to join Avedon Capital Partners, a lower mid-market private equity firm, as CFO.
Drijer will join the management team and be responsible as a CFO for all financial and fiscal aspects of Avedon and its investment funds under management.
Prior to joining Avedon, Draijer worked for Lagardére Travel Retail NL, where she was CFO. Previously, she spent five years as Head of Risk, Legal, Tax and Treasury at Hema, a retail chain of convenience goods. She has also worked in similar positions at O’Neill, eBay, Tommy Hilfiger.
Avedon Capital Partners’ Michel Verhoog, says: “We are
The Maples Group, a provider of legal, fiduciary, fund, regulatory and compliance and entity formation and management services, has appointed Kim Bishop as a vice president and independent director within the fiduciary services team in the Cayman Islands.
Bishop has over 15 years of experience in the financial services industry with a focus on legal services, governance and fund administration. Prior to joining the Maples Group, Bishop has worked in investment banking as an analyst in debt capital markets transaction management as well as a member of the finance practice at Maples and Calder, the Maples Group’s law firm.
BGF, a UK and Ireland-based investor in growing businesses, has exited its investment in Thames Technology, one of the UK’s largest manufacturers and designers of payment, loyalty and gift cards.
The business has been acquired by Paragon ID, the Paris-listed provider of identification and traceability solutions.
BGF first invested in Essex-based Thames Technology in 2013, with GBP3.1 million to support the acquisition of new manufacturing equipment. Since then, the business has increased production capacity, improved its service offering, and strengthened its reputation in the UK and internationally with customers across the retail and financial services sectors.
BGF investor
ButcherJoseph Financial Holdings, an affiliate of investment banking firm ButcherJoseph & Co, has acquired Laffer Investments Inc, an SEC Registered Investment Advisor (RIA).
Laffer Investments was founded in 1999 by economist, Arthur B Laffer, PhD, and currently provides investment management advice to individuals and portfolio management services to institutions totalling almost USD600 million. The firm will be renamed Laffer|Tengler Investments.
“Laffer Investments was a perfect fit to join the ButcherJoseph family of companies,” says Jon Curley CEO of ButcherJoseph Financial Holdings. “We are currently excited to have Dr Laffer joining us and agreeing to chair our advisory board.”
Following its private equity partnership with Värde Partners, Equioim Group, a global professional services provider, is making changes to its senior leadership team.
Sheila Dean, the long-term Global CEO and original leader of the management buyout from Anglo Irish Bank that led to the creation of Equiom in 2006, is moving to Executive Chair of the Group.
In her new role, Dean will focus on managing key external relationships for the Group, and continue to maintain her key existing client relationships. Dean will work with the new CEO and the Global Board on key strategic initiatives including expanding the
Kirsten Lapham is to join international law firm Proskauer as a partner in its Global Private Funds Practice in London.
Nigel van Zyl, co-head of the Private Funds Group, says: “Kirsten’s arrival marks another key development for our team.
“The regulatory landscape for our clients is increasingly complex. Kirsten’s extensive asset management experience further deepens our client offering in this area.”
Lapham advises on a variety of financial services regulatory and compliance issues. Her practice has a specific emphasis on the asset management sector, advising on the regulatory issues arising under the AIFMD and MiFID II for a
ZEDRA Group, a specialist in Trust, Corporate and Fund Services has acquired LJ Fiduciary, from investment firm Alvarium. LJ Fiduciary will be rebranded and merged into the existing ZEDRA network. The deal is subject to local regulatory approval.
LJ Fiduciary’s Swiss and Isle of Man service offering encompasses global private client, fund and corporate administration services that will enhance ZEDRA’s strategy in the ‘active-wealth’ space offering. This concept embraces the dynamic way ZEDRA assists wealthy families and individuals in their investment needs, by recognising that modern wealth is multifaceted and that ZEDRA is a partner that can deliver the full
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