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Chicago-based RedRidge Diligence Services – a provider of due diligence services to investors and lenders – is opening its first international office in London.
Matthew Reid, Associate Director, has relocated from the US in order to lead the London operation.
“In the US, RedRidge has an excellent reputation for a bespoke approach that offers efficiency, flexibility, high-quality service and timely execution in both the lending and equity investment markets,” says Matthew. “Our role now is to transfer that excellence into new markets, starting in Europe from our London base.”
In addition, RedRidge has appointed Andrew Robbins (pictured), as
CAMRADATA, a provider of data and analysis for institutional investors, has launched a Private Markets Database giving investors who are looking for more diversification in their investments access to a new private markets screen within CAMRADATA Live.
CAMRADATA Live enables asset managers to showcase their strategies and allows institutional investors and investment consultants to analyse them all in one easy place. Over 2,500 investors and consultants use the portal to search and analyse nearly 6,000 investment products offered by more than 700 asset managers.
Now clients can search in eight private market categories – allowing them to make more informed investment decisions. These
Private equity investors are shifting their focus away from South Africa and finding opportunities to capture growth in the rest of the continent.
According to the Bright Africa 2018 report, produced annually by RisCura, South Africa has always made up a large proportion of private equity transaction activity. However, the latest numbers show this concentration has reduced significantly from 50 per cent in 2009 to 31 per cent in 2017.
“Sluggish GDP growth, political uncertainty and increasing unemployment, all of which have been prevalent in the local economy for some time, have caused investors to look for PE prospects
Amazon Filters, a filtration equipment manufacturer, has secured a significant investment from BGF. The business will use BGF’s funding to continue its organic growth and further expand its distribution network.
Founded in 1985 by Mike Pizzey, the family-owned business is an independent manufacturer of bespoke filter housings and cartridges. It provides a complete range of standard and customised filter housings and consumables for use in a wide range of industrial sectors. The company has over 1,000 clients across the water, pharmaceutical, automotive and food and drink sectors, and generates revenue of GBP24 million.
Headquartered in Camberley, Surrey, Amazon Filters
Lawyers from Carey Olsen’s corporate team in Jersey have advised the ad-hoc group of secured creditors of Concordia International Corp, a publicly listed international generics pharmaceuticals business with sales in more than 90 countries, on its USD3.7 billion recapitalisation.
The recapitalisation, which was implemented by way of a court-approved plan of arrangement in Canada, reduces Concordia’s total debt from around USD3.7 billion to about USD1.4 billion and allows it to benefit from USD586.5 million of new money raised through a private placement share sale, which will also enable it to execute its future long-term value creation strategy.
Working alongside
Investx has appointed Richard Chambers to its board as Chief Operating Officer. Chambers brings a wealth of experience from HSBC Leveraged Finance and Royal Bank of Scotland Corporate Transactions, and over 14 years has secured over GBP500 million in bank funding for private equity-backed small and medium-sized enterprises (SMEs).
SMEs are considered the powerhouse of economies, however the growth of these established businesses is often constrained due to difficulties in obtaining new capital, and an understandable reluctance for SMEs to take on significant amounts of unsecured debt.
For potential investors, outside of venture capital and private equity funds, it’s
Mid-market private equity investor LDC has bolstered its senior team with the appointment of portfolio director Martyn Vitty.
With more than 12 years’ experience in senior leadership roles, Vitty joins LDC from high-growth manufacturer ELEY Group, where he held the positions of interim CEO and finance director.
Vitty joined LDC-backed ELEY Group in 2015 and played a key role in securing new contracts and establishing ELEY Americas in the USA. He also helped to implement the firm’s buy-and-build strategy overseas, which included the acquisition of Texas-based company KSS and the sale of Accles & Shelvoke to Frontmatec in Denmark.
Palatine Private Equity has made the third investment from its Impact Fund by acquiring a sizeable stake in Estio Training, a provider of IT, digital and technology apprenticeships.
The Leeds-based business offers 10 different apprenticeship programmes, including Data Analyst, Infrastructure Technician and Software Developer roles. Across its Leeds, Manchester and London sites, it currently has over 750 apprentices on programme.
Estio has developed a strong client base consisting of some of the UK’s biggest companies, including the likes of Santander, Asda and The Cooperative Group. It has also secured contracts with numerous NHS Trusts and Local Authority bodies throughout
The Russian Direct Investment Fund (RDIF), the sovereign wealth fund of Russia, and a consortium of sovereign wealth funds (among them the Russia-Japan Investment Fund, launched by RDIF and the Japan Bank for International Cooperation (JBIC)) lead by RDIF, have invested in WayRay, a specialist in holographic AR displays for cars.
Hyundai Motor, Alibaba Group, China Merchants Capital and JVCKENWOOD have also invested in the project, with Porsche acting as the lead investor. The funds raised, which total USD80 million, will bolster the company’s focus on R&D, industrialisation and team expansion to become a supplier of holographic AR solutions for car manufacturers.
Since its
The value of offshore M&A deals in the first half of 2018 nearly matched the total recorded for the entire year 2017, according to a report released today by offshore law firm Appleby.
The latest edition of Offshore-i, an Appleby report that provides data and insight on merger and acquisition activity in the major offshore financial centres, focuses on transactions announced over the first half of 2018. Following a similar pattern to most of the world’s regions, the volume of offshore deals has fallen back from levels seen in the latter half of 2017, while value is on the rise.
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