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The global law firm Jones Day continues to expand in Europe’s key financial centre with the appointment of partners Lee Federman and Ewen Scott, who will both join the Firm’s Banking, Finance & Securities Practice in the firm’s London Office.
The arrivals of Federman and Scott follow that of Ben Fox, who recently joined Jones Day’s Banking, Finance & Securities Practice in Amsterdam, and Michael Fischer who recently joined the Practice in Frankfurt.
“Adding Lee and Ewen, along with Ben and Michael, to our global team sends a very strong message that Jones Day remains committed to providing our
Private equity fund distributions have outweighed capital calls by a significant and striking degree over the past five years.
Data from eFront, the world’s leading alternative investment management software and solutions provider, shows that since the start of 2013, distributions from private equity funds have remained at historically high levels, while capital calls have fallen steadily to their lowest level on record, when measured as a proportion of committed capital.
Cash flows are of particular importance in private equity, as they provide an unbiased perspective on the dynamics of the sector. While the balance has shifted between capital calls
Bridges Fund Management (Bridges), the specialist sustainable and impact investor, has acquired a majority stake in Medwood Holdings (Medwood), via the Bridges US Sustainable Growth Fund.
The existing management team is also re-investing in the business as part of the recapitalisation.
Medwood, through its operating subsidiaries, provides administrative and management support services to a network of primary care and family medicine physician practices located in New York City, which collectively support more than 40,000 visits annually. The primary care and family medicine practices that Medwood services are providing low-cost, high-quality care within medically underserved communities.
Practice management
Argonaut Private Equity, a Tulsa, Oklahoma-based private equity fund, has held the initial closing of Argonaut Private Equity IV, with commitments totalling over USD230 million.
Argonaut will continue to leverage its established record of disciplined investing across the energy services, industrials and manufacturing industries in Middle America.
“We are extremely pleased with the results of our first close, which includes both returning and new limited partners,” says Steve Mitchell, CEO and Managing Director of Argonaut. “Our growing team continues to pursue unique, off-market opportunities that we believe can create significant value for both our partners and our investors.”
Ancor Capital Partners, a Dallas private equity firm, has sold WellSpring Pharma Services to ANI Pharmaceuticals.
Terms of the sale, which was finalised on 6 August, have not been disclosed.
WellSpring Pharma Services provides pharmaceutical manufacturing services for virtually all non-sterile finished dosage form products, including solids, semisolids, and oral liquids and suspensions, as well as primary and secondary packaging in a variety of presentations.
When Ancor, along with co-investor Sentinel Capital Partners, acquired the WellSpring business in 2011, it consisted of three separate business operations – prescription drugs, consumer health care and over-the-counter products, and contract manufacturing
Fund administrator Apex Group (Apex) and Genstar Capital have jointly acquired Custom House, a global hedge fund administrator delivering services to alternative investment managers across Europe, Asia and the Americas.
The acquisition adds a further USD24 billion in assets under administration to the Group’s portfolio and is a strong strategic and cultural fit given its independent business model and focus on delivering a personal approach customer service. The addition of the Custom House business bolsters Apex’s existing hedge fund service arm. With offices in Beijing, Chicago, Dublin, Geneva, Hong Kong, Malta, Rotterdam, Shanghai, Shenzhen, Singapore, Sofia, and Sydney, Custom House
An affiliate of HIG Growth Partners (HIG) has completed a strategic investment in Sage Hospice (Sage), a provider of hospice and palliative care services to patients in the Phoenix, AZ market.
Sage will serve as the platform to build a leading regional provider of hospice and palliative care services. To execute on this strategy, HIG is partnering with two experienced hospice industry executives, Glen Cavallo and Jeff Lang. Cavallo, who will join Sage’s board of directors at closing, has over 25 years of experience in the hospice and home care sectors. Lang, who became Sage’s CEO at closing, has
Natixis today announced two key personnel appointments in support of the continued growth of its Energy & Natural Resources sector for the Americas platform.
Tim Polvado has been appointed as Head of Energy & Natural Resources, Americas, expanding on his previous role as Head of US Energy. He will report locally to Benjamin Sirgue, Head of Strategic Sectors & Distribution, Americas and globally to Dominique Fraisse, Global Head of Energy & Natural Resources. Second, Natixis has appointed Nathaniel “Nat” Raggette as Managing Director, Senior Oil & Gas Banker. Nat will report to Tim Polvado.
“Tim’s appointment is a testament
TA Associates, a global growth private equity firm, has hired Calen Angert and Nicholas Leppla as Vice Presidents in the firm’s Menlo Park office.
“We are thrilled to welcome back Calen and Nick to the firm,” says Brian J Conway, Chairman and Managing Partner at TA Associates. “As Associates, both proved to be valuable contributors to TA on several fronts, particularly in our deal sourcing and due diligence efforts. We look forward to Calen and Nick’s contributions as we continue to seek investments in profitable growth companies and partner with the management teams of our portfolio companies to create further
Private equity firm Thoma Bravo is to acquire Quorum Software (Quorum), a specialist in digital transformation for the oil and gas industry, from Silver Lake.
The transaction is expected to close in the third quarter of this year, subject to customary closing conditions and regulatory approvals. Terms of the transaction have not been disclosed.
Since its inception in 1998, Quorum has delivered purpose-built software, fuelling the digital transformation of the oil and gas industry and operates in markets across the United States and Canada. Quorum serves its customer base by providing integrated solutions for their core processing needs across
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