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Crown Agents Bank has appointed Susanne Chishti to its board as a non-executive director. Chishti brings more than 20 years of financial expertise, board-level experience focused on organisational governance, and a strong understanding of the small and medium size enterprise market.
Her experience draws on 14 years in banking, with senior positions held at Morgan Stanley, Lloyds Banking Group and Deutsche Bank. In 2014, Chishti founded FINTECH Circle – a global fintech community which enables emerging financial technology firms to expand their businesses and provides educational courses via the FINTECH Circle Institute and the bestselling FINTECH Book Series. Chishti is
ForeVest Capital Partners (ForeVest), a private equity fund manager operating primarily in Central and Eastern Europe, has closed a general partner-led secondary transaction of a fund it advises, PineBridge New Europe Partners II (NEP II).
In the transaction, a new investment fund advised by ForeVest acquired portfolio companies from NEP II. The new fund also obtained commitments from new and existing LPs for new capital to support and develop the acquired portfolio. Park Hill advised NEP II on the transaction.
Intermediate Capital Group (ICG) Strategic Equity team led the transaction from the buyer’s side and became the largest investor
EnTrustPermal, an affiliate of Legg Mason, is to launch a USD250m direct lending investment trust to capitalise on the shipping industry’s USD80 billion debt requirements.
The Blue Ocean Maritime Income investment trust will target a yield of 7 per cent a year by providing debt finance to high quality shipping companies. The trust will seek to exploit the dislocation between the shipping industry’s significant capital requirements, and the shortfall caused by a significant reduction in the financing provided by banks since 2008.
Svein Engh, Portfolio Manager, Blue Ocean Maritime Income, says: “Shipping is a large and diverse industry, which
Perpetual Corporate Trust, an independent provider of corporate trustee services to the managed funds industry and debt markets in Australia, has formed a strategic partnership with FundRock Management Company (FundRock).
The collaboration will enable clients of both firms to leverage the expertise and services offered in their respective core markets.
FundRock is an independent European fund management company employing over 100 industry professionals with presence in Ireland, UK, Luxembourg and Singapore. Established in 2004 as part of RBS, FundRock is a full-service host Authorised Corporate Director (ACD), Alternative Investment Fund Manager (AIFM) and ManCo, and now services over 300
Investcorp, a global provider and manager of alternative investment products, has made the company’s first private equity investment in China since its inception in 1982.
Investcorp has partnered with China Everbright Limited (Everbright), a sovereign-backed cross-border asset manager that is publicly listed on the Hong Kong Stock Exchange. Investcorp, has agreed an investment of up to USD150 million in the second round of the China Everbright Limited New Economy Fund, as well as an additional co-investment right of up to USD100 million. In the first round, the Fund received an aggregate commitment of USD313 million from other investors that has
Natixis has appointed Nasir Khan as Head of Infrastructure, Americas.
Khan will be responsible for the growth and development of the bank’s infrastructure sector for the region and as the company advances its sectorial based approach to best serve its clients, he will assume responsibility for Infrastructure Finance as well as Infrastructure related industry groups including Power and Renewables, Transportation and Social Infrastructure, and Telecommunications.
Khan will report globally to Oliver Delay, Global Head of Real Assets, and locally to Benjamin Sirgue, Head of Strategic Sectors & Distribution, Americas.
“We are pleased to welcome Nasir to Natixis
O’Melveny has represented Silicon Valley-based electric vehicle company Lucid Motors in connection with securing over USD1 billion in investments from the Public Investment Fund of Saudi Arabia, subject to regulatory approvals and customary closing conditions.
The transaction represents a major milestone for Lucid Motors as it moves towards the commercial launch of its first electric vehicle, the Lucid Air.
The O’Melveny team was led by partners Nima Amini, Sung Pak and Andrew Dolak, with support from counsel Andrew Sorkin and associates Nolan Shaw and Amanda Bradley.
Ares Management has appointed Jason Duko and Kapil Singh as Partners and Portfolio Managers in the Ares Credit Group, focussing on liquid credit strategies.
These new appointments reflect Ares’ continued commitment to enhance its market leadership in below investment grade credit.
“We are pleased to welcome Jason and Kapil to our liquid credit team. They are experienced portfolio managers with proven track records and our firm has known them personally and professionally for many years. They share Ares’ fundamental bottoms-up approach to credit and risk management, but also bring fresh, top-down perspectives on portfolio construction, which they have developed
Bertelsmann is to acquire the US online education provider OnCourse Learning from the private equity company CIP Capital, for an amount in the mid-nine-digit euro range.
The transaction further strengthens Bertelsmann’s presence in the US. Alongside the acquisitions of the Random House book group in 1998, the online education provider Relias in 2014, and the takeover of a 75 per cent majority stake in Penguin Random House in 2017, this purchase is one of Bertelsmann’s largest transactions in the American market. The acquisition of OnCourse Learning has not been completed yet, pending approval by the US antitrust authorities, and is
Brazos Private Equity Partners, a Dallas-based private equity firm, has sold BlackHawk Industrial Distribution, an independent value-added industrial distributor of cutting tools, abrasives, and MRO products, to Snow Phipps Group.
Financial terms of the transaction have not been disclosed.
Based in Broken Arrow, Oklahoma, BlackHawk was founded by Brazos Partners in 2010 in conjunction with Bill Scheller, former CEO and President of ORS Nasco, and has grown through 14 strategic acquisitions to one of the top 30 North American industrial distributors. The Company has a national footprint that includes locations across North America and offers a portfolio of over
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