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The last two years have been a boon for global private equity managers. In 2017, total net new assets reached USD552 billion according to Preqin, and although slightly down in 2018, the asset class still attracted USD426 billion.
With close to USD1 trillion in net inflows, it seems investors can’t allocate to private equity fast enough, snapping up co-investment and secondary opportunities to supplement their primary allocations as they seek to maintain healthy long-term returns in what remains a low-rate, low-return environment.
Large managers have dominated the fund raising environment, with Carlyle Group closing the largest fund, Carlyle Partners VII,
Winston & Strawn has added corporate lawyer Anthony Riley as a partner in the firm’s London office.
Riley, who joins Winston from Orrick, brings a wide range of experience across Europe, the Middle East, and Africa (EMEA) to the firm with a practice focusing on corporate finance, mergers and acquisitions, and private equity transactions. His practice covers many sectors, with significant experience in energy and infrastructure, and a particular focus on renewable energy projects.
“In recent years, the firm has hired transactional and litigation lawyers within the energy and infrastructure sector in Dubai, London, New York, and Washington DC,” says
UK SME finance provider Maven has completed a GBP450,000 debt funding package to Reed Thermoformed Packaging Ltd (trading as “iPac”) via the North East Development Capital Fund, supported by the European Regional Development Fund.
The funding will enable the company to continue to invest in its state-of-the-art facility to deliver on its ambitious expansion plans.
iPac is a manufacturer of thermoformed packaging supplying bespoke and standard packaging for the food and non-food packaging sectors. The business offers innovative solutions to packaging challenges, combining ingenuity with extensive process, tooling and design expertise to deliver aesthetically and functionally superior packaging to
An affiliate of private equity firm HIG Capital (HIG) has completed the acquisition of Craig Holdings, Inc (Jenny Craig), a specialist in the weight loss industry in North America, Australia and New Zealand.
Founded in 1983 and headquartered in Carlsbad, California, Jenny Craig offers personalised science-based meal plans, chef-crafted premium foods, and a dedicated consultant for each client to provide ongoing support and accountability. The Company’s Innovative Rapid Results Program uses Nobel Prize winning science involving the human body’s circadian rhythm to deliver weight loss and significant health benefits.
“HIG will enable Jenny Craig to continue successfully delivering our time-tested
2018 marked another record year for global venture capital financing, with a total disclosed value of USD185 billion (EUR165 billion) raised across more than 12,500 transactions, according to new analysis carried out by Hampleton Partners.
The company’s latest report reveals that total transaction volume grew five per cent per year from 2014 to 2018 across the globe, while total value raised grew by 13 per cent, suggesting that funding rounds are becoming larger.
The Asia-Pacific region registered the largest number of deals in 2018 at 6,676, followed by North America with 5,640 and Europe with 2,601.
Asia-Pacific also charted
Astarte Capital Partners, a specialist alternatives co-investment platform with a focus on value-add real asset strategies, announces two appointments to its London-based investment team – Nick Clayton as Investment Director and Shaun Allan as Investment Associate.
The two new hires strengthen Astarte’s investment team and coincide with the firm’s expansion and strategic development. Astarte’s global team is based across London, Zurich, Sydney and New York.
Dr Stavros Siokos, Co-Founder and Managing Partner of Astarte Capital Partners, says: “We are expanding our investment management team through the addition of two highly experienced professionals, both with strong track records in the real assets space. Over the
Intechnica – a Manchester-based technology business – has closed a GBP2.85million funding round led by investment group Mercia.
The lead investment of GBP2.0million came from NPIF – Mercia Equity Finance, which is managed by Mercia Fund Managers and part of the Northern Powerhouse Investment Fund. An additional GBP750,000 was invested by Mercia Technologies PLC and GBP100,000 by existing private investors as part of the funding round.
The funding will help the company to grow its cyber security division, Netacea, in the UK, North America and other international markets, and expand Intechnica’s consultancy services.
Founded in 2006 by Jeremy
Luxembourg for Finance (LFF), the Agency for the Development of the Grand Duchy’s Financial Centre, has appointed Philipp von Restorff to the role of Deputy CEO, effective as of 15 June.
Von Restorff has extensive experience in financial communication, currently serving as Head of Communication of The Luxembourg Banker’s Association (ABBL). He also held the position of Secretary of the ABBL Board of Directors as well as of Chairman of the Communication and CSR Steering Committee of the European Banking Federation.
He will contribute his expertise across the spectrum of activities of the agency, helping to represent it both
Colmore, a provider of private market Limited Partner services, and the Institutional Limited Partners Association (ILPA), have launched a membership offer for Colmore’s fee validation service.
Colmore’s Fee Allocation Incentive Reporting program, or “FAIR”, is designed to help private markets investors validate fees, expenses and carried interest allocations charged by underlying fund managers.
Ben Cook, CEO of Colmore, says: “ILPA has been fundamental in helping LPs get better access to fee and expense reporting data. What comes next is where we come in: providing confidence that the fees are as the Investor expected.” Cook continued, “We spent a lot of
SANNE, a provider of alternative asset and corporate administration services, has appointed James Bermingham, a funds’ lawyer with more than 20 years’ appoints, as a new Group General Counsel in Luxembourg.
In his new role, Bermingham will be responsible for setting SANNE’s legal strategy to ensure an effective, efficient and adaptable operating platform that is best in class and provides unrivalled support to clients. He will also play an important role in helping guide the commercial strategy of the business, supporting its clients and representing their interests in industry, regulatory and governmental forums.
Prior to joining SANNE, Bermingham was
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