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Accountancy and business advisory firm BDO has strengthened its business restructuring offering in the Midlands with the appointment of a new partner.
Ryan Grant joins the firm’s Birmingham office today, bringing more than 18 years’ experience in business restructuring having been a partner at AlixPartners (formerly Zolfo Cooper) for the last eight years.
He has worked across a variety of sectors, including retail, real estate, automotive, manufacturing, and leisure and hospitality. Ryan also works closely with banks, private equity houses and hedge funds, particularly within the mid-market.
His role at BDO will see him enhance the firm’s existing
Just 14 per cent of partners at hedge funds, private equity firms and other financial services partnerships are women (1,381 out of 9,957 total partners), according to an analysis of data provided by the FCA to Fox & Partners, the partnership law specialists.
The low percentage of women partners highlights slow progress in increasing diversity at senior levels in financial services partnerships: five years ago, the percentage was 13 per cent (1,224 out of 9,601 total partners).
The relatively small size of many PE and hedge funds means they may be less likely to have a HR function that
NorthEdge Capital has invested for a significant majority stake in facilities management company Orbis Protect, backing an MBO with the existing management team led by CEO Guy Other and COO Ben Howard.
Employing over 400 staff across its network of 19 depots, Orbis Protect provides a range of vacant property management and lone worker protection services to public and private sector clients throughout the UK.
The company is headquartered in Uxbridge, with an extensive national depot network including a significant presence in the Midlands with the senior management team based there. The business works with local authorities and housing
PIR Equities, an employee owned private equity firm focused on opportunistic value-based investing, has committed to invest USD50 million in blockchain technology companies over the next 12 months.
Established in 2008 by Joseph Aaron Horowitz and Oded ‘OD’ Kobo, the firm manages a varied portfolio including interests in property, securities, technology and ownership in operating businesses with over USD650 million in assets.
The company plans to support blockchain entrepreneurs and the community, which was founded on ideals of openness and decentralisation.
In a recent report to employees, Managing Partner Joseph Aaron Horowitz wrote: “We have entered the digital economy and blockchain is as significant today
RootPath, a biotechnology company developing a powerful personalised T cell therapy platform that bridges precision medicine and cancer immunotherapy, has closed a USD7 million seed funding round led by Sequoia China with participation from Volcanics Venture, BV (Baidu Ventures) and Nest.Bio Ventures.
The company, which was launched in 2017 by life sciences venture capital and incubation firm Nest.Bio, will use its proceeds to advance its immuno-oncology programs and obtain key data on accuracy, efficacy and safety in animal models.
Founded by scientists and bioengineers instrumental in the development of synthetic biology, gene editing and single-cell sequencing technologies, RootPath continues
Law firm Paul Hastings is advising Golfzon Newdin and its affiliates (Golfzon) on the acquisition of 100 per cent of the equity interest in Leadbetter Golf Academies, a US-based golf instruction institute founded by legendary golf coach David Leadbetter.
Launched in 1983, Leadbetter Golf Academies consists of a network of approximately 37 academies across the globe, each with a team of elite instructors trained by David Leadbetter.
Golfzon develops and sells indoor golf simulators in South Korea and internationally. Following this acquisition, Golfzon plans to integrate the institute’s coaching techniques with Golfzon’s state-of-the-art golf simulator technology and further expand
Swarm Fund, the blockchain for private equity, is to list security tokens on the OpenFinance Network (OFN), the trading platform for tokenised securities.
OFN continues to establish key partnerships throughout the digital asset and blockchain industries while serving a global network of investors across various securities offerings types, including Regulation D, Regulation S, Regulation A+ and Regulation CF.
“OpenFinance is an industry leader and we are thrilled to bring liquidity to all SRC20 tokens through their trading platform,” says Philipp Pieper, CEO of Swarm Fund. “Their focus on traditional alternative assets and token-based securities is a perfect fit for
Pagaya, a financial technology company focused on the asset management and institutional investment markets, has closed a USD14 million Series B funding round co-led by venture capital fund Oak HC/FT and Harvey Golub, former Chairman and CEO of American Express.
A diverse group of world-class investors participated in the round, including GF Investments (a New York-based family office), Siam Commercial Bank (one of the largest banks in Thailand, through Digital Ventures), Clal Insurance Ltd. (one of the largest insurance companies in Israel), and Pagaya’s seed investor, Viola Ventures (a leading Israeli fintech investor). As part of the investment, Golub will
CEPRES, an investment decision network for private markets, has released new research on the benefits of Asian Investments for portfolio diversification and risk mitigation.
By analysing over 5,500 Asian PE deals dilligenced between LPs and GPs on their network, CEPRES discovered most Asian PE deals are driven by revenue and margin growth versus the more common pricing and leverage factors found in US and European buyouts. In developed markets, PE-backed company valuations are highly dependent on market pricing and returns are heavily driven by leverage. Conversely in Asia, CEPRES found revenue and margin growth are driving returns and so there
ORIX Corporation USA (ORIX USA) has completed its acquisition of NXT Capital, which is now a new subsidiary of ORIX USA.
“NXT Capital is now a strategic part of ORIX USA’s asset management and middle-market growth engine,” says Hideto Nishitani, ORIX USA chairman, president and CEO. “We are fortunate to add NXT Capital to our team, which will bolster our reputation as a hybrid middle-market lender and asset manager.”
Based in Chicago, NXT Capital will continue to operate out of its current headquarters, while Robert E Radway remains in his role as chairman and CEO. More than 115 NXT
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