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Mobile home holiday operator, European Campaign Group, has started exclusive negotiations to acquire Palmiers Ocean, a French tour operator specialising in mobile home holidays, based in La-Roche-Sur-Yon (Vendee).
With over 20 years’ experience, Palmiers Ocean offers over 20,000 trips across 56 destinations, including 48 in France, six in Spain and two in Italy. The company has recorded total sales of EUR12.5 million in 2018, this has been mainly driven by the adoption of a 1,800 strong fleet of new mobile homes placed within idyllic locations.
The European Campaign Group, which experienced growth through multiple acquisitions by The Carlyle Group
Cairngorm Capital Partners has acquired timber merchant Arnold Laver & Co Limited, which, with Cairngorm Capital’s other timber brands; Thornbridge, North Yorkshire Timber and Rembrand will create the largest independent timber business in the UK.
Revenues are close to GBP250 million for the combined business, which will now be known collectively as The National Timber Group.
Headquartered in Sheffield, Arnold Laver is a family run company established in 1920. It imports, distributes and manufactures a wide range of timber, panels, decorative surfaces and joinery products, serving public and private sector construction, house-building and commercial companies. Its customers include blue
What technology capability will separate the winners from the losers in today’s cost-cutting environment? Find out by replaying this Global Fund Media webinar, moderated by James Williams, with an expert panel including: Jason Baldesare, Director, Strategy and Solutions Management, Buy-Side Solutions, FIS; Adrian Holt, Product Manager and Strategy Owner, FIS; Jason Stevens, CTO, Ultimus Fund Solutions, LLC; and Simon Bodjanski, Senior Relationship Management Director, TMF Group…
As risk continues to grow, so too is the sophistication of risk management systems. Innovative technology and services can put fund administrators in a stronger position to manage cyber, reputational, regulatory and operational risks
Replay this Global Fund Media webinar – “racking the Next Gen of Liquid Alts: Private Equity – which was held in partnership with Gemini, to hear expert panelists explain how their investment vehicles provide investors with private equity exposure…
Fund types/topics/panelists include:
PANELISTS:
Eric Bundonis, Portfolio Manager, Artivest (Registered Interval Fund)
David Armstrong, Portfolio Manager, Good Harbor Financial, LLC (Registered Open-End Fund)
Dominique Severino, Partner, Orthogon Partners (Private Closed-End Fund)
David Young, President of Gemini’s Private Fund Services, will discuss how to leverage a Dedicated Managed Account (DMA) structure to have Private Equity exposure
MODERATOR: James Williams, Managing Editor, Private Equity Wire
Press the play
Schulte Roth & Zabel International (SRZ) has appointed Emily Brown as a partner in the Investment Management Group, resident in the firm’s London office. Brown joins the firm from Macfarlanes.
Brown advises private equity and venture capital sponsors on fundraising, managed accounts and the capital-raising process, as well as on executive and employee co-investment arrangements, and the wider elements of operating a private funds business. With broad expertise across fund jurisdictions, including the United Kingdom, Luxembourg and the Channel Islands, she advises both sponsors and major institutional investors on a wide range of matters in the investment fund sphere, including
The Private Equity Women Investment Network (PEWIN), a membership organisation for senior women leaders in private equity, dedicated to advancing diversity and forming business relationships among women investors in the industry, held the inaugural event for its new Boston Chapter on 1 November.
The more than 40 guests included senior women investors from across New England, representing a good mix of both General Partners across private equity strategies and Limited Partners from endowments, pensions, fund of funds, consultant gatekeepers, wealth managers and other organisations. PEWIN hosts numerous member events each year globally, which focus on networking and education for its
French venture capital firm Serena has chosen IHS Markit’s iLEVEL platform to collect, monitor, and report on portfolio data for the company’s EUR300 million portfolio.
Serena, which was founded in 2008 and focuses on early growth start-ups that bring disruption through digital innovations, will also use iLEVEL to automate reporting and add efficiencies to the workflow. The combined advantages of a streamlined workflow and enhanced data management will support the firm in continuing to scale operations while meeting the increased demands for timely and detailed reporting.
“As the first European firm with a fund dedicated to big data and
DWS Group has appointed Kumber Husain as Head of Private Equity, Americas. Based in New York, Husain will report to Mark McDonald, Global Head of Private Equity, who joined DWS in November 2017.
In this newly created role, Husain will focus on the sourcing and execution of direct co-investment and secondary private equity transactions, delivering innovative opportunities and bespoke solutions to complement clients’ investment strategies. Husain will collaborate closely with McDonald and the rest of the global private equity team, including Daniel Green, who joined in January as head of EMEA, to continue growing the private equity business and capitalising
BlaBlaCar, a long-distance carpooling platform, has made an offer to acquire Ouibus, a subsidiary of SNCF and French bus operator. This will allow BlaBlaCar to broaden, for the first time, its mobility offer beyond carpooling.
BlaBlaCar has also announced a EUR101 million investment involving SNCF and existing BlaBlaCar investors.
BlaBlaCar has built a long-distance carpooling community of over 65 million members in 22 countries. Since August 2017, it has helped to transport 50 million passengers worldwide, growing 40 per cent year-on-year. The platform now wishes to complement its vast carpooling offer with buses, and become the go-to global marketplace
Avaloq, a global provider of Software as a Service (SaaS) and Business Process as a Service (BPaaS) solutions to banks and wealth managers, has launched Avaloq Ventures AG, which will provide access to venture capital funding and growth support for start-ups and fast-growing fintech businesses.
Avaloq Ventures will enable funding for fintechs partnering with Avaloq, e.g. by offering their solutions on Avaloq’s Software Exchange. It will be led by Minho Roth, an alternative investments and fintech entrepreneur with unparalleled experience in funding start-ups. Avaloq Founder and Group Chairman Francisco Fernandez will be Chairman.
Zurich-headquartered Avaloq Ventures will look to
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