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Accountancy and business advisory firm BDO has appointed a new international audit partner to join its expanding financial services team.
Justin Chait (pictured), joins BDO following 12 years at KPMG and specialises in asset management, property and fund administration companies.
With significant international experience, Justin moves to London from Cape Town as BDO continues to grow and invest in its financial services offering.
Chait says: “The UK is home to one of the most dynamic financial services industries in the world. The team at BDO understands the issues and regulatory pressures clients face and it has an exceptional
Noerr has provided extensive tax advice to the limited partner of Barkawi Management Consultant GmbH & Co KG (Munich) during the preparation and transaction to sell the company to Genpact. Munich-based tax partner Carsten Heinz was lead partner.
Barkawi Management Consultant GmbH & Co KG is a supply chain and after sales consultancy with subsidiaries abroad, especially in Austria and the USA.
The merger of Barkawi Management Consultants and the supply chain service line of Genpact will form “Barkawi Management Consultants – a Genpact Company” a global provider of Management Consulting, Managed Services and Digital Transformation. Genpact is
Adam Hewitson (pictured), has been appointed as the new Chief Executive Officer (CEO) of UK accountancy and professional services provider Throgmorton, part of Link Asset Services.
The current Chief Operating Officer (COO) and Deputy CEO of the business, Hewitson replaces Andrew Rubio who will move to the newly created position of Chairman, both positions effective on 1 October 2018.
Rubio joined Throgmorton in 2002 to establish the accounting function at the business and was subsequently appointed CEO in 2009. Andrew has been instrumental in Throgmorton’s continuous growth, overseeing the business as it has grown from three to over 145
True has acquired a majority stake in organic kids’ clothing maker, Frugi (trading name of Cut4Cloth) which designs, manufactures and sells sustainably-sourced organic cotton apparel and accessories for babies, children and new mothers.
True will work with the existing management team to support Frugi’s ongoing scalable growth. In addition, Hugo Adams, former Executive Board Director of Superdry and Chief of Staff at Marks and Spencer, joins as CEO. With extensive sales and marketing experience, Hugo has also worked for Dyson, where he led international growth, and the Body Shop.
Primarily sold via its welovefrugi.com website, alongside retail partners including
Mission Mars, the North West England-based operator behind hospitality concepts including Albert’s Schloss and Rudy’s Neapolitan Pizza, has received GBP10 million from BGF to continue with its ambitious growth plans.
With combined annual sales of nearly GBP30 million across its ten sites, Mission Mars is led by Roy Ellis and Neil Macleod who previously founded and built the Revolution bar chain. BGF is backing the business’ impressive team as it aims for further growth by opening additional sites across the UK.
Mission Mars was launched in 2015 with a portfolio of already popular sites built up by Joel Wilkinson
Diversis Capital, a Los Angeles-based private equity firm that acquires controlling interests in small- to middle-market companies, has completed the sale of portfolio company BLUE Software (BLUE), a Chicago-based label and artwork management software company, to Esko, a provider of software and hardware for packaging design.
Terms of the transaction have not been disclosed.
Diversis acquired BLUE, which was a growing enterprise-class software business unit of a public company, in December 2014. Since its original investment, the business has made important investments in research and development, as well as sales, to accelerate the company’s growth. During Diversis’ ownership of
Elaghmore Partners, a UK-based private equity firm, has acquired Alucraft Group (Alucraft).
Founded in 1975, Alucraft is Ireland’s leading designer, manufacturer and installer of architectural glazing systems with offices and manufacturing facilities in Dublin and Tamworth, UK.
During its 40-year history, Alucraft has earned a reputation for delivering first-class quality service to its customers and has provided the facades to many high-profile construction projects. In Dublin, these include the Vertium Building, the new headquarters for Amazon, the headquarters of Lidl Ireland and LinkedIn EMEA as well as No1 Georges Quay and the National Rehabilitation Hospital. In the UK, Alucraft
A team from Noerr, led by partner Till Kosche, has advised South Korean tyre manufacturer Hankook tyre on its takeover of Reifen-Müller, an independent German tyre-supply company.
Hankook says the takeover will strengthen its global distribution system.
The transaction, which is pending subject to clearance by antitrust authorities, includes acquisition of 100 per cent of the shares of not only the distribution company Reifen-Müller KG but also Reifen-Müller GmbH & Co. Runderneuerungswerk KG, Reifen-Müller’s current executive management will remain in office.
Founded in 1966, the company currently has more than 700 employees and operates 44 of its own
O’Melveny has represented client ValueAct Capital Master Fund, which is managed by investment company ValueAct Capital Management, in the sale of its majority interest in seismic data provider Seitel Holdings to affiliates of private investment firm Centerbridge Partners.
The majority interest was acquired by Centerbridge Capital Partners II and Centerbridge Capital Partners SBS II in a deal that closed on 17 July. Terms of the transaction have not been disclosed.
The O’Melveny team was led by San Francisco-based Capital Markets and Mergers & Acquisitions partner Peter Healy, and included Executive Compensation & Employee Benefits senior counsel Warren Fox ,
Fintech company seriesOne has partnered with Securrency, a provider of financial and regulatory technology products for the tokenised issuance and trading of securities.
seriesOne will utilise Securrency’s platform and products to enable its customers to conduct securities token offerings (STOs) in a secure and regulatory-compliant fashion. In addition, the joint venture between seriesOne and Securrency will establish and secure regulatory approval for an alternative trading system (ATS) for the secondary market exchange of tokenised securities.
“We believe that Initial Coin Offerings and security tokens represent the next generation of capital formation for businesses,” says Michael Mildenberger (pictured), Founder
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