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Private equity investor EmergeVest has consolidated ownership of six of the UK’s leading logistics companies to create EV Cargo, one of the UK’s largest providers of transport, logistics and freight-forwarding services and logistics technology, and a global supply chain company operating in more than 120 countries.
With GBP850 million of revenue annually, EV Cargo is now the largest privately-owned logistics business in the UK, providing mission-critical supply chain services to leading brands.
EV Cargo has been created by the consolidation of Adjuno, Allport Cargo Services, CM Downton, Jigsaw, NFT and Palletforce into a single corporate structure. The new firm
Livingstone has advised the management team of Feefo and London-based private equity house Vespa Capital on the management buy-out of the reviews and customer insights technology provider.
The transaction will see the acquisition of the shareholdings of the two co-founders CEO Andrew Mabbutt and CSO Matt Eames, along with that of Chairman Nicholas Wheeler.
The strengthened team now comprises Matt West as Chief Executive Officer, Richard Sawney, Chief Finance Officer and Paul Greatbatch, Technical Director.
“This deal is an important and significant milestone for Feefo, which is fast becoming one of the most disruptive and forward thinking technology
Mayer Brown’s Private Equity team has advised The Halifax Group and Management on the sale of Pirtek Europe, an on-site provider of hydraulic hose replacement and associated services across Europe, to PNC Riverarch Capital, a US-based private equity firm.
Transaction terms have not been disclosed.
Founded in 1988, Pirtek Europe has 185 service centres and 750 mobile units across the UK, Ireland, Germany, Austria, Belgium, the Netherlands and Sweden.
The Halifax Group, a leading Washington-based middle-market private equity firm who partner with managers and entrepreneurs to recapitalise and grow mid-market businesses, acquired a majority stake in Pirtek Europe
Carey Olsen has experienced the largest growth of any Jersey law firm in the number of investment funds it advises, according to Monterey Insight’s 2018 Jersey Fund Report.
The 24th edition of the annual report, which provides a comprehensive analysis of all funds domiciled, serviced or distributed in Jersey reported that Carey Olsen now provided legal advice to 670 such funds at the end of June 2018 – an increase of 162 (31.9 per cent) over the year. Significantly, no other Jersey law firm saw a bigger increase than 15 from the previous year.
In addition, for non-permit funds
Law firm Bedell Cristin has appointed Catherine Cadman as head of knowledge to lead its knowledge strategy.
In this newly created role, Cadman (pictured), will be based in the firm’s Jersey office and will have oversight of its global presence across six jurisdictions.
With more than 20 years’ leadership experience in knowledge management roles, at both onshore and offshore law firms, Catherine is tasked with maximising how knowledge is captured, shared and applied across Bedell Cristin.
The head of knowledge role has been created as a result of Bedell Cristin’s recent growth and an increased strategic emphasis on
Pantheon has become one of the first private equity firms to sign HM Treasury’s Women in Finance Charter, furthering the firm’s public commitment to progressing gender diversity in private markets.
HMT’s Women in Finance Charter asks signatory firms to commit to implement four key industry actions: designate one member of our senior executive team to be responsible and accountable for gender diversity and inclusion; set internal targets for gender diversity in our senior management; publish progress annually against these targets in reports on our website; and have an intention to ensure the pay of senior executive team is linked to
Data from eFront, a provider of alternative investment management software and solutions, shows that since the start of 2013, distributions from private equity secondaries funds globally have risen steadily to a record level. At the same time, capital calls have fallen to a historic low.
eFront cites multiple theoretical factors in support of private equity secondaries investments, but chief among them is often the shorter time to liquidity delivered by the asset class, as a result of the investments being made in mature portfolios. However, since 2013, an unprecedented shift has taken place in the relationship between capital calls and
Commercial Lending at Paragon has led profit growth for the banking group over the past year, according to the Groups latest annual results.
The Commercial Lending division, which includes asset finance, motor finance, structured lending and development finance, reported the largest increase in profits across the Group – a 41 per cent increase to GBP20 million compared to the same period last year.
Overall, underlying profits for Paragon Banking Group grew by 8 per cent to GBP157 million for the 12 months to 30 September 2018, up from GBP145 million the previous year.
Acquisitions of property development finance
The Romanian office of the regional law firm Wolf Theiss has assisted Search Corporation, a Romanian engineering company providing planning, design, consulting and management of road and air transport infrastructure services, in the sale of its part in Plaza Development SRL, the owner of Crystal Tower, the first Romanian office building equipped with a heliport, located in the heart of Bucharest.
The transaction was closed on 20 November 2018 in Bucharest and the buyer is the Czech investment company, PPF Real Estate. Wolf Theiss assisted Search Corporation and the other two minority shareholders of Plaza Development SRL in all stages
Accountancy firm Saffery Champness has appointed Diane Petit-Laurent as a corporate partner in the firm’s Manchester office.
Previously a Director at Deloitte in Manchester, Diane brings a wealth of expertise in providing solutions to owner-managed business clients with both a national and international presence, as well as private equity-backed entities.
In her role at Saffery Champness, Petit-Laurent will focus on entrepreneurial clients in a number of industries including technology, manufacturing and retail, working with the firm’s wider teams to deliver integrated advice throughout the enterprise lifecycle, from start-up to growth to exit.
Petit-Laurent joins fellow partners Mike Hodges
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