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PDC Brands (PDC), which is owned by affiliates of CVC Capital Partners, has appointed John F Owen as Chief Financial Officer. Owen will hold responsibility for the Company’s global financial operations and will report to James Stammer, Chief Executive Officer of PDC.
Stammer says: “I am delighted to add John to PDC’s talented management team. John brings us over 30 years of experience with leading multinational branded consumer products companies and a strong financial and operational track record building enduring multi-billion dollar businesses. I believe that adding an executive of John’s calibre is a strong endorsement of our company’s potential,
Continuing its strategic growth in London, international law firm Proskauer has appointed corporate lawyer and private equity specialist Richard Bull as partner in London.
“Richard shares Proskauer’s vision of serving asset managers, and his extensive experience in private equity and growth capital transactions will be a terrific asset,” says Mary Kuusisto, head of Proskauer’s London office. “We continue to build an acclaimed team and believe in offering true business partners to our clients.”
Bull has a domestic and international corporate practice, including M&A, private investments and joint ventures. Representing asset managers in connection with their investments, he focuses on
Natixis Partners will acquire a minority stake in Clipperton strengthening its service offering to its industrial and private equity clients in order to assist them in their tech developments.
In addition to its own European offices in Paris, Berlin and London, Clipperton will now benefit from a leading platform in the rest of the world, particularly in the United States (with PJ Solomon) and in Asia (with Vermilion Partners).
Thanks to this new alliance, Clipperton continues to scale quickly and reinforces its status as the reference European M&A boutique focused on technology.
With Natixis Partners as a new
King & Spalding has advised BlueLinx Corporation, a subsidiary of BlueLinx Holdings, on the acquisition of all of the issued and outstanding capital stock of Cedar Creek Holdings, a portfolio company of the private equity firm Charlesbank Capital Partners.
The merger agreement provides for an aggregate purchase price of USD413 million on a debt-free, cash-free basis. The merger consideration will consist of approximately USD345 million in cash for payments to the equity holders of Cedar Creek and other closing payments, and approximately USD68 million as the agreed value of capital leases. The transaction was structured as a reverse triangular merger
Head of Debt Advisory Mark Taylor has joined the UK Board at Clearwater International.
Taylor has been with the business since 2012 when he joined as Partner and became International Head of Debt Advisory. Prior to this Mark worked for Ernst & Young (EY), NatWest/RBS and Banco Santander, with over 20 years’ experience within corporate banking. Mark was listed in Mergermarket’s top 15 financial advisors both in 2016 and 2017.
Taylor will be joining Clearwater International’s CEO Michael Reeves, UK Managing Partner Phil Burns and Partner Marcus Archer on the UK Board. In addition to the continued expansion of
Burford Capital Limited, a finance and investment management firm focused on law, is to sell its entire investment USD12.8m investment in Teinver for USD107 million in cash, representing an investment gain of USD94.2 million and a return on invested capital of 736 per cent.
Burford’s stake in Teinver stems from an investment in an arbitration matter arising out of the expropriation of two Argentine airlines by Argentina’s government. In July 2017, the arbitration tribunal rendered an award in favour of the claimants; that award entitled Burford to receive more than USD100 million under its funding agreement.
Burford says the
Swarm, a blockchain for private equity and hedge fund investments, has launched the first major update to the Swarm Asset Management Network Alpha.
With this release, Swarm Fund token (SWM) wallets are now integrated with the Alpha Platform. In addition, SWM token holders can now start voting on foundation-level decisions via the Swarm Liquid Democracy Voting Module (LDVM), powered by SecureVote.
“We’re delighted to go live with this version of the Swarm Asset Management Network nearly a month ahead of schedule,” says Philipp Pieper (pictured), CEO and Co-Founder of Swarm. “Items like an integrated wallet and a dedicated
Perkins Coie has appointed Elizabeth Kemery Sipes as a partner in the firm’s Denver office where she will focus on representing private investment funds.
Sipes advises the sponsors of private investment funds, including private equity, venture capital funds, real estate private equity and hedge funds, on matters involving structuring onshore and offshore funds, upper tier management and general partner entities, reorganisations, side letter negotiations and investment adviser registrations and exemptions.
“Elizabeth’s considerable experience providing investment counsel to clients with sophisticated global financial interests strengthens Perkins Coie’s role as recognised trusted advisors for clients with specialised investment needs,” says Michael
Macquarie Investment Management, the investment management division of Macquarie Group, is to acquire Luxembourg-based ValueInvest Asset Management SA (ValueInvest).
ValueInvest is a specialised asset management business which pursues a unique value-oriented investment strategy across global and Japanese equities. The business is based in the Grand Duchy of Luxembourg and has approximately EUR4 billion in assets under management as at 31 December 2017. The deal is expected to close in mid-2018. Terms have not been disclosed.
Ben Bruck, global head of Macquarie Investment Management, says: “Investors today need skilled active managers across a diverse range of asset classes. Part of
US law firm Akerman has expanded its corporate, finance and private equity practice with the addition of corporate finance partner Robert J Stein in New York.
Previously a partner in the debt finance group at Kirkland & Ellis LLP, Stein joins Akerman as the co-chair of its Corporate Finance and Lending Practice. His arrival strengthens the firm’s core corporate competencies, bolstering Akerman’s ability to represent clients in the structuring and negotiating of leveraged buyouts, recapitalisations, secured and unsecured financings, fund-level and high yield financings, and loan workouts and restructurings.
“Robby is a well-respected and exceptionally talented finance lawyer, whose
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