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BaltCap, together with majority shareholder Dasha Group AS, has sold the majority of the shares in Runway BPO to global BPO and customer experience company Webhelp.
Runway BPO is multilingual nearshore BPO firm servicing Scandinavian and international customers.
“During BaltCap’s ownership Runway has grown from being a nearshoring BPO service provider in the Baltics to being a pan-European player, having a number of call centres in the Baltics, Ukraine and Spain,” says Sandijs Abolins-Abols, member of the Supervisory Board of Runway and Partner of BaltCap. “During the 7-year period the company has tripled in size and continues to grow
JP Morgan Asset Management has partnered with iCapital Network (iCapital) to provide a white label offering exclusively for Registered Investment Advisors and their clients providing access to a select group of JP Morgan Global Alternative strategies.
“As we get later in the economic cycle, identifying alternative sources of return is an essential consideration for investors looking to build stronger portfolios. Institutional clients have long embraced alternatives as a strategic part of their asset allocation, and many high-net-worth investors continue to be under-allocated to alternatives relative to their institutional counterparts,” says Anton Pil, Managing Partner of JP Morgan Global Alternatives. “Given
Abacus Group, a provider of hosted IT solutions and application hosting for alternative investment firms, has launched AbacusGlobalSync.
The new service enables AbacusFLEX IT-as-a-Service clients with geographically diverse offices to securely synchronise files and data within the Abacus Cloud, enabling them to increase efficiency and collaboration while maintaining security and audit controls of their data.
Today’s firms are spread across the globe and often face significant latency and editing conflicts when they need to access and synchronise their data, which can decrease productivity and impact the bottom line. Recognising that firms need fast, secure access to their information, regardless
Mecadaq Group, a provider of high precision manufacturing for the aerospace industry, has acquired Hirschler Manufacturing, a US based company specialised in hard metal machining.
Based near Seattle, Washington, USA, with EUR9m in turnover, Hirschler Manufacturing produces high-precision mechanical parts made from hard metals such as titanium, stainless steel, and inconel. The company has been a strategic supplier for more than 50 years to large clients in aerospace such as Spirit AeroSystems, Mitsubishi Heavy Industries, or Boeing, which has given the company the ‘supplier silver award’.
By joining the Mecadaq Group, Hirschler Manufacturing brings its customer portfolio, a recognised
NorthEdge Capital (NorthEdge) has appointed two new Portfolio Directors following an active start to 2018 in which the firm has completed five transactions at a combined value of GBP160 million.
Keven Parker and Andy Tupholme both join NorthEdge as Portfolio Directors.
Parker joins NorthEdge with over 12 years’ experience in leveraged buyout transactions gained at 3i Group plc as Head of the firm’s Manchester office and one of six Partners across its UK buyout team. He joins from construction firm Shepherd Group, where he was a main board Director and Group CFO.
Tupholme joins NorthEdge with 20 years’ investment experience,
Laven Tech has appointed Alex Law as its new Technical Director for the Digital Compliance Assistant, Due Diligence Manager and Know Your Customer Assistant software products.
As Technical Director, Law will be responsible for the technical architecture for each software and providing oversight and leadership over Laven Tech’s in-house software and engineering team. Law will draw on his extensive skills as a software engineer with over 20 years of experience providing customer facings solutions from concept through release in both the United States and Europe.
Law’s experience in software automation, capacity planning and third-party data integration enables Laven to expand
Maroon Group has acquired J Tech Sales, a national distributor of specialty chemicals and ingredients.
J Tech’s management team, led by Jeff Tannenbaum and Barry Tannenbaum, will remain in place and continue to actively manage the business as an operating vertical within Maroon Group. Tannenbaum and Tannenbaum will become significant shareholders in Maroon Group, which is majority-owned by CI Capital Partners. This is Maroon Group’s eighth add-on acquisition under CI Capital’s ownership. Terms of the transaction were not disclosed.
Established in 1997, J Tech Sales is a value-add distributor to the household, industrial & institutional (HI&I); Food & Beverage;
Great Rock Capital, an asset-focused commercial finance company specialising in middle market lending, has appointed Gerard Hanabergh and Jennifer Cronin as Chief Risk Officer and Managing Director – Marketing and Business Development, respectively.
Additionally, Great Rock’s Jim Hogan will be taking on a new senior role as Chief Commercial Officer.
“Jim and I are really excited to have Gerard and Jennifer join Great Rock as we continually look to build out our platform and position ourselves for long term growth,” says Stuart Armstrong, CEO, Great Rock Capital. “We have known and worked with Gerard for many years and his breadth of risk experience is
Seasoned M&A practitioner Jinsong (Jeff) Zhang has joined Orrick as a partner in the firm’s M&A and private equity practice.
Zhang joins from King & Wood Mallesons, where he was a partner resident in New York. He previously served as General Counsel and Chief Compliance Officer of CITIC Securities USA, a broker-dealer firm registered with the SEC/FINRA, and the US arm of China’s largest full-service investment bank. Jeff will split his time between our Beijing and New York offices.
“Having deep experience in the PRC and in the US, Jeff brings a strong set of skills executing cross-border M&A
Law firm Paul Hastings has appointed Anu Balasubramanian to lead its private equity offering in London.
“Anu is an acclaimed leader in the market with strong relationships with institutional and corporate clients across multiple sectors and geographies,” says Seth Zachary, chair of Paul Hastings. “Our Private Equity practice has developed a strong presence globally and her arrival will position us to increase market share in Europe, which is a key strategic imperative for the firm.”
“Paul Hastings, with its stellar reputation and global reach, represents a tremendous opportunity and I am looking forward to working with my fellow partners
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