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Funds advised by Triton have successfully completed the acquisition of Chevron Traffic Management (Chevron TM), a UK-based Work Zone Safety Services provider. The company has been acquired from Portchester Equity Limited, a UK private equity firm for an undisclosed sum.
Following the acquisitions of Ramudden in Sweden and AVS in Germany, in December 2017 and January 2018, Chevron TM is Triton’s third acquisition within the broader European market for Work Zone Safety Services.
“We want to support the management and employees of this business by investing in and supporting the growth and development of the company. We will contribute
Palm Beach Capital Fund IV, through one of its investment entities, has invested in Mears Transportation (Mears).
Financial terms of the deal, which saw Palm Beach Capital partner with TriArtisan Capital Advisors, have not been disclosed.
Mears Transportation is a ‘full service’ transportation company with primary operations serving Central Florida residents and tourist destinations, owning and operating nearly 1200 vehicles including 251 motor coaches, 620 taxicabs, 260 luxury vehicles and 52 shuttle vans. In addition to serving Orlando International Airport as the primary shuttle concessionaire and largest taxi provider, Mears also operates numerous bus and shuttle services for central
Michael Doppelt has rejoined middle-market private equity firm Irving Place Capital (IPC) as a Partner and Head of Fundraising and LP Relations.
Doppelt’s new role at IPC will focus on maintaining strong connections with current Limited Partners while expanding the firm’s relationships to include new institutional investors.
Doppelt previously worked for IPC from 2005 to 2010 as a Senior Managing Director, responsible for LP Relations and Business Development. Prior to recently rejoining IPC, he spent eight years as a Managing Director and Partner at Lightyear Capital, leading fundraising and Investor Relations, during which time the firm completed two target-exceeding
Renowned AI commentator, Nick Bostrom, is confirmed to speak at both Jersey Finance flagship fund and private client conferences in London this April.
Bostrom’s book, ‘Superintelligence’ has been praised by some of the most respected voices in technology and science and has been cited by the likes of Stephen Hawking, Elon Musk and Bill Gates in the debate over AI.
In just under one month’s time, Jersey Finance will welcome Bostrom alongside a host of experts from the private wealth and funds industries to address delegates at their flagship conferences in London on 24 and 25 April 2018.
Strategic Partners Fund Solutions (Strategic Partners), Blackstone’s (NYSE:BX) dedicated secondary and fund solutions business, has held the final closing at the hard cap of USD1.75 billion for Strategic Partners Real Assets II (S PRA II), its second global infrastructure-focused secondary fund.
SP RA II’s global investor base is comprised of sovereign wealth funds, pension funds, financial institutions, endowments, foundations and family offices. SP RA II began investing in May 2017 and has already closed or partially closed 14 transactions.
Stephen Can, Senior Manager Director and Co-Head of Strategic Partners, says: “We are deeply thankful for our investors’ continued support
Oak North-backed Inception Group is to embark on its biggest expansion to date, doubling the size of its ‘Around The World in 80 Days’-inspired Mr Fogg’s Collection of bars, with the opening of three more premises.
Mr Fogg’s House of Botanicals will open in Fitzrovia this June, followed by Mrs Fogg’s, which is inspired by Aouda, wife of intrepid explorer Phileas Fogg in the Jules Verne’s classic adventure novel. Opening in Broadgate Circle in September, Mrs Fogg’s will be the company’s first foray into the City. The trio of new bars will be completed by the opening of Mr Fogg’s Society
Lincolnshire Management has sold Amports, a leading North American port terminal operator, to a group of investors led by InstarAGF Asset Management.
Amports controls portside acreage at many of the top roll-on, roll-off ports across the United States and Mexico, including in the San Francisco Bay Area, Baltimore, Jacksonville and Altamira, Mexico. Terms of the private sale were not disclosed.
Based in Jacksonville, Florida, Amports provides customers with seamless logistical and portside services in vehicle processing, including rail loading and unloading, inspection, storage, accessory installations, and customisations, repairs and regulatory homologation services. Throughout its 60-year history, the company has
Private equity firm HIG Capital (HIG) has closed the sale of HelpSystems Holdings (HelpSystems) to HGGC.
Founded in 1982 and headquartered in Eden Prairie, MN, HelpSystems is a leading provider of systems and network management, business intelligence, and security and compliance solutions. The Company delivers IT infrastructure software for IBM i, Unix, Linux, and Windows environments to over 13,000 customers worldwide. Customers come from virtually every industry and range in size from small and midsize businesses to Fortune 500 organisations.
In October 2015, HIG acquired HelpSystems through a private transaction. “HelpSystems is a terrific organisation with exceptional leadership. Chris
Mercury Capital Advisors, a global placement agent specializing in alternative investments, has appointed industry veteran, Reymundo Calcano, as Chief Financial Officer, effective immediately.
In his new role, Calcano (pictured), will report to Chief Executive Officer, Michael Ricciardi, and will lead the Mercury Capital Advisors’ finance team.
Calcano brings over 15 years of financial leadership and management experience to the Company. Prior to joining, Calcano served as Head of Finance and a member of the Executive Committee for Brevan Howard US. During his tenure at the firm, he worked as Finance and Operations Principal for Brevan Howard’s FINRA member broker-dealer
For any private equity fund manager, choosing to outsource the accounting and administration role is a significant decision. But there are benefits to doing so and it can lead to achieving operational best practices, as was discussed in a webinar session on 13 March 2018, hosted by Private Equity Wire in conjunction with Gemini.
The webinar, entitled “Achieving Operational Alpha in PE Fund Administration,” featured: Dominique Severino, Partner, Orthogon Partners, a New York-based alternative asset manager specialising in esoteric assets; Dennis Schall, Partner, Alternative Investment Group, Marcum LLP, a full service accounting firm, and David Young, President of Gemini Alternative Funds,
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