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International law firm CMS has appointed two insurance partners to associated Hong Kong firm Shirley Lau & Co. Dual-qualified Andrew Horton and Steven Wise will join the firm from RPC.
Ed Foss, Head of CMS’ Insurance & Reinsurance Group, says: “The Insurance market is becoming increasingly global in nature and Asia is playing an important part in that, so it is vital that we continue to build out the practice to meet the needs of our clients and take on new opportunities. We are delighted that Andrew and Steven will join our associated firm in Hong Kong. They are both
Private equity and real estate funds managed by Blackstone have completed the previously announced acquisition of event experiences specialist PSAV.
As part of the completed transaction, affiliates of Goldman Sachs (NYSE:GS) will be reinvesting alongside Blackstone in the transaction to continue to participate in the ongoing growth of PSAV.
PSAV delivers on its purpose of connecting and inspiring people by creating impactful event experiences. Through its deep expertise in creative, production, advanced technology and staging services, PSAV is an invaluable partner to meeting and event planners. It is the trusted provider of choice at leading venues across the globe.
Disruptive Capital has bought additional shares in Tungsten Corporation on the same day that another institutional buyer, Majedie Asset Management, acquired a 5.2 per cent stake in the company.
The small acquisition by Disruptive takes its holding to 13.07 per cent.
Edi Truell, the Founder of Disruptive, says: “We were disappointed that Odey Asset Management’s attempts to remove the grossly overpaid CEO (and the ineffectual chairman and non-executive directors that have presided over his pay packet) have so far come to nothing. Nevertheless, we were pleased to read in their latest trading update that the Board of Tungsten have
Duet Private Equity has added three investment professionals to its team, and appointed an additional industrial partner.
The continued expansion of the team follows recently completed transactions including the acquisition of a leading West-African beverage manufacturer, AJEAST Nigeria Limited, earlier this month.
The London based team is further supported by a team of 11 Industry, Country and Operating Partners allowing the firm to leverage a vast network of sector and local expertise.
Fred Chima, Managing Director, joins Duet from Temasek where he was the senior executive leading the Africa & Middle East direct investments team in London. Chima
Houston-based private equity firm Junction Energy Capital (Junction) and alternative asset manager Ara Partners Group have made a significant joint investment in Puraglobe, a technology platform with a proprietary process for producing high-quality base oils, using recycled oil as feedstock.
Allied Resource Corporation (Allied), the founding shareholder, will maintain a substantial stake in Puraglobe alongside Ara Partners and Junction.
Puraglobe, which is headquartered in Wayne, Pennsylvania, currently operates a facility in Zeitz, Germany and is developing another facility in Tampa, Florida. Puraglobe is uniquely situated to be able to produce Group III base oils using its proprietary technology.
Rob
O’Melveny has represented Skyworks Solutions, an analog semiconductor manufacturer, in its acquisition of Avnera Corporation, a private fabless semiconductor supplier.
The deal, announced on 6 August, is expected to bolster Skyworks’ leadership in wireless connectivity.
Partner Mark Peterson led the O’Melveny team, which included partners Nikole Kingston, Chris Del Rosso, Andrew Dolak, Courtney Dyer, Robert Fisher and Shelly Heyduk, along with counsel Billy Abbott, Courtney Byrd, Brian Kenyon, Bob Nicksin, Philippe Nogues, Tom Oslovar, and David Ribner, and associates Aaron Cha, Isaiah Deporto-Plick, Briana LaBriola, John Sirjord, Katie Tague, Kathryn Turner, and Alex Wilson.
Ørsted is to acquire Lincoln Clean Energy (LCE) from I Squared Capital and management shareholders in a USD580 million deal.
LCE is a US-based developer, owner and operator of wind farms. Since I Squared Capital acquired a 90 per cent stake in the company in 2015, with the management team owning the remaining 10 per cent, LCE has developed and built over 500 MW of operating capacity, is constructing another 300 MW onshore wind project, and has a pipeline of more than 1.5 GW expected to be completed by 2022.
Ørsted is a specialist in offshore wind and in
Private equity firm The Riverside Company has promoted Rafael Álvarez-Novoa from Principal to Partner. Álvarez-Novoa works from Riverside’s Madrid office.
“Rafa is incredibly talented and knowledgeable, and we are lucky to have him on our team,” says Riverside Managing Partner Tony Cabral. “He has played an integral role in some of our most impactful investments and I have no doubt that his skillset will continue to amplify our competitive edge in Europe.”
Joining in 2008, Álvarez-Novoa has been a key contributor to Riverside’s business in Southern Europe, especially in Spain, Italy and Portugal. He has worked on several successful
SANNE has appointed Peter Nagle as the company’s new Country Head – Mauritius. Nagle (pictured), will be responsible for providing expert guidance and support to the local client service leadership teams based on the island.
SANNE’s office in Mauritius is the second largest staffed office across the firm’s global network and is home to more than 200 client services professionals who specialise in funds, corporate and private client services. In this new role, Nagle will ensure the alignment of all client services and group services initiatives to deliver organic growth and will drive best practise throughout day-to-day activities within client services.
ORIX Corporation (ORIX), through its wholly owned subsidiary ORIX Aviation Systems (ORIX Aviation), is to acquire a 30 per cent stake in Avolon from Bohai Capital (Bohai).
The Transaction is subject to customary closing conditions and Bohai shareholder approval. Bohai’s largest shareholder, HNA Group, has provided its commitment to the Transaction. The Transaction is expected to complete in the fourth quarter of 2018.
Dómhnal Slattery, Avolon CEO, says: “ORIX is a strong, investment grade institution with a proven track record in the leasing sector over multiple industry cycles. We are delighted to welcome ORIX as a shareholder alongside Bohai.
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