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Aquiline Capital Partners-backed ClearCourse Partnership (ClearCourse), a group of technology companies providing membership software and services, has acquired Circdata, a provider of event technology.
The deal is ClearCourse’s fifth acquisition since its foundation in October 2018 and represents an expansion of the fast-growing Partnership’s offering into the events, exhibitions and conference space.
Founded in 1994 and headquartered in Newbury, Circdata was originally a data management company and has since developed into a leading event technology business, providing software solutions to many of the world’s largest exhibition and conference organisers. Its proprietary software platform, Fusion, offers a suite of services
Managing the relationship with a private equity portfolio company’s (portco) CEO and CFO is among the most critical priorities for PE firms, according to a new survey of leaders at PE firms and portcos by global consulting firm AlixPartners, and Vardis, global private equity search firm.
Trouble in any of the three ‘legs’ of this relationship triangle can torpedo the success of an investment by preventing key members of the management team from executing the investment thesis, thereby ultimately sabotaging returns.
The AlixPartners-Vardis Fourth Annual Private Equity Leadership Survey found a stark contrast in responses from PE and portcos
Drinker Biddle & Reath has appointed Jinho Alex Yim as a partner in the Corporate and Securities Group in New York. Yim comes to the firm from Nixon Peabody.
With experience in a variety of industries, including telecommunications, transportation, health care, sports and manufacturing, Yim focuses his practice on large cap and middle market financial transactions. An advisor to leading US and global financial institutions, he works with corporate borrowers, private equity sponsors and mutual fund companies on complex financing and corporate transactions, some of which include public-private partnerships, leveraged acquisitions, asset-based financings and securities lending.
“Adding
Nexxus has fully divested from Harmon Hall Holding, a portfolio company from Nexxus Capital Private Equity Fund III.
Harmon Hall is an English language teaching institution in Mexico with more than 51 years of experience and 105 schools in operation, making it the largest school network nationwide. Of all Harmon Hall schools, 76 are owned and 29 are franchised.
The Company has been acquired by Talisis, a subsidiary from Grupo Topaz, a strategic investor with experience in the educational sector. 414 Capital and Ibis Capital advised the Company and its shareholders on the transaction.
NorthEdge Capital has made a series of promotions in its investment team. Jon Pickering takes on the role of Head of New Business, while both George Potts and James Marshall have been promoted to Investment Directors and Greg Holmes has been promoted to Investment Manager.
Pickering joined NorthEdge in 2013 and has been involved in the majority of the firm’s North West investments and exits to date. Jon will retain his role as Head of the North West, whilst also overseeing the new investment activity regionally from both NorthEdge’s buyout and SME funds.
Having joined the firm in the
O’Melveny has represented Wi-Fi technology specialist Quantenna Communications on its acquisition by ON Semiconductor Corporation (ON) in an all-cash transaction.
Founded in 2006, San Jose-based Quantenna is the global leader of high performance Wi-Fi solutions. The acquisition consideration represents an equity value of approximately USD1.07 billion and enterprise value of approximately USD936 million. The transaction is expected to close in the second half of 2019.
The O’Melveny team, which was led by partners Warren Lazarow and Andor Terner and counsel Noah Kornblith, included associates John Chong, Bhavreet Gill, Jessica Iwasaki, Carolyn White, Elaine Sun and AJ Talt. Also advising
OpZone.com, a new website designed to be the central resource for information about Opportunity Zones, has launched. The Opportunity Zone tax incentive was established by Congress to encourage long-term investments in low-income urban and rural communities nationwide.
According to Tom Mullarkey, CEO and Co-founder of OpZone.com: “We believe that bringing an institutional mindset to Opportunity Zones is essential for the program to succeed. We are confident that our efforts will improve the efficient flow of information, and we hope that OpZone.com will assist the program in its mission of accelerating the flow of capital to communities in need.”
OpZone.com is
Vortex Energy, a European renewable energy platform managed by the private equity arm of EFG Hermes, has completed the sale of a 49 per cent stake in its Pan-European operational wind power portfolio managed and co-owned by EDPR, to institutional investors advised by JP Morgan Asset Management.
The portfolio includes 56 operational wind farms with gross capacity of 998 MW spread across Spain, France, Portugal and Belgium. Vortex Energy was launched four years ago and has grown to become a prominent renewable energy-focused investment manager in Europe and the UK with an 822 MW solar and wind portfolio and combined
Edward Park, Deputy CIO at Brooks Macdonald, comments on Wednesday parliamentary votes…
Wednesday saw many twists as the indicative vote options began to be revealed. Theresa May’s offer to step aside as Prime Minister should backbenchers support her deal initially allowed the government’s bill to regain some life, supporting sterling, however post the announcement that the DUP would be voting against the current bill this rapidly receded. Whilst parliament did not reach a majority on any of the available options the ‘softer’ proposals of a customs union or a second referendum were the closest to passing. Oliver Letwin has suggested
Scope Analysis, a specialist in the analysis and rating of asset management companies and certificate issuers, as well as mutual funds and alternative investment funds, has published an updated Asset Management Rating Methodology for Alternative Investments.
Asset managers and investors can comment on the new methodology until 23 April 2019. The final version of the new rating methodology will be published after the commenting phase.
With the adjustments to the rating methodology, there will be an even stronger focus on the concerns and needs of investors. For example, the skills and competencies in the areas of investor reporting and
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