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Apex Group (Apex), one of the world’s largest fund administrators, has appointed Joseph Holman as Global Head of Allocators for the Group.
Holman will manage relationships with institutional-sized investors and allocators worldwide and brings with him more than 25 years of industry experience in building and integrating businesses in the fund management space.
As Global Head of Allocators, Holman will report to the Group’s recently appointed Chief Revenue Officer, Fred Jacobs, and will be based alongside him in the New York office.
Prior to joining the Apex team, Holman held a variety of senior positions throughout the fund
Janney Montgomery Scott (Janney), a full-service wealth management, capital markets, and asset management firm, appointed 16 Capital Markets professionals in the second quarter of 2018.
Nine of the new hires came to Janney as a result of the firm’s May acquisition of HighBank Advisors, a Baltimore-based middle market investment bank and financial advisory firm. The acquisition also expanded Janney’s Investment Banking division’s industry group coverage to six by introducing Business Services to the already established verticals of Basic Industries, Financial Institutions, Healthcare, Infrastructure, and Real Estate.
“Janney’s Capital Markets Group experienced significant growth in the second quarter by expanding
SME funding partner, Ultimate Finance, has reached a new lending milestone, with almost GBP200 million available to small and medium-sized businesses across the UK.
The figures from the first half of 2018 show a 42.3 per cent increase in cash to customers for the alternative finance specialist, which has recorded growth of 150 per cent since it was acquired by independent investment firm Tavistock Group, in July 2015.
Ultimate Finance has seen particularly strong developments across a number of its specialist products with Bridging Finance increasing by 260 per cent, and now sitting at almost GBP30 million of funds
Clayton, Dubilier & Rice has appointed Bruno Deschamps, a seasoned executive with a distinguished career leading and advising both public and private industrial and services enterprises globally, as an Operating Advisor to CD&R funds.
Deschamps is Chairman of the Board of Diversey (HQ: Charlotte, NC – USA), a specialist in hygiene & sanitation products, services, and solutions to the institutional and industrial markets. He also served as Chairman of the Advisory Board of Kloeckner Pentaplast (HQ: Montabaur, Germany), one of the world’s largest suppliers of films for pharmaceutical, medical devices, food, electronics, and general packaging.
Previously, Deschamps served as President
Clyde Blowers Capital (CBC) is to sell precision motion control expert, Cone Drive, to The Timken Company (TKR), subject to customary government and regulatory approvals.
Since acquiring Cone Drive in 2012, CBC has repositioned Cone Drive from an industrial gearing company operating largely out of North America to a globally integrated business with operations on three continents serving a wide range of precision motion control technology markets.
The acquisition of H-Fang, based in Jiangyin, China, in 2014 represented a key milestone in the geographic expansion of the business and also provided Cone Drive access to the fast growing China
Aurelius Alpha Limited, a subsidiary of Aurelius Equity Opportunities SE & Co (Aurelius), has acquired Ideal Shopping Direct (ISD), one of the UK’s leading multi-channel home shopping retailers, from Blackstone.
Financial terms of the deal have not been disclosed.
With over 600,000 customers and FY17 revenues of GBP145 million, Ideal Shopping Direct sources, designs and sells lifestyle and crafting products to consumers via a variety of dedicated interaction channels including TV shopping channels, social media platforms, websites and live events. The company has two flagship channels, Ideal World and Create & Craft which deliver video content across both the
Town & Country Holdings (T&C), a portfolio company of HIG Capital, has acquired Home Dynamix (HDX), a wholesaler of floor rugs, mats and bedding, headquartered in North Arlington, New Jersey, and Amalgamated Textiles USA (ATI), a supplier of window treatments and hardware, headquartered in Montreal, Quebec.
T&C, a provider of table linens, kitchen textiles, rugs, and innovative solution-based home products, will now offer additional home textiles products spanning across floor and accent rugs, bedding, pet beds, decorative pillows, window treatments, and window hardware.
David Beyda, Chairman of Town and Country Holdings, and CEO of the combined entity, says: “We
ICV Partners (ICV), an investment firm focused on lower middle market companies, has successfully completed the final closing for ICV Partners IV (Fund IV) with USD585 million of committed capital.
ICV currently manages usd1.3 billion of AUM.
ICV’s Fund IV meaningfully exceeded the firm’s target and represents an approximately 50 per cent increase in capital commitments compared to Fund III. Investors include a diverse group of leading endowments, foundations, state pension plans, family offices, gatekeepers, insurance companies and fund of funds.
Willie Woods, President of ICV Partners, says: “We are grateful for the immense support we’ve had from
KPS Capital Partners (KPS), through an affiliate, is to sell Expera Specialty Solutions (Expera) to Ahlstrom-Munksjö Oyj (Ahlstrom-Munksjö), of Finland, a specialist in fibre-based materials, for USD615 million.
Expera is a leading North American manufacturer of specialty paper products for the industrial & technical, food and pressure-sensitive release liner segments. Headquartered in Wisconsin, Expera employs approximately 1,800 people. KPS created Expera in June 2013 by completing two discrete and highly synergistic acquisitions: the technical and specialty paper businesses of Wausau Paper Corp. and Packaging Dynamics Corporation, respectively.
Raquel Palmer, a Partner of KPS, says: “The success of our investment
Law firm Morrison & Foerster has appointed Benoit Lavigne as a partner in the finance practice in the firm’s London office.
Lavigne (pictured), who has a wealth of experience in complex, cross-border finance matters, comes to Morrison & Foerster from Ropes & Gray, and is the third partner to join the firm’s London office in 2018, following the additions of Caroline Jury, also a highly experienced finance partner who joined from Clifford Chance, and Dan Coppel, a corporate partner who joined from Jones Day.
“Benoit is highly regarded in finance circles in London, and his cross-border experience will continue
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