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Ropes & Gray has advised Ensono, a hybrid IT services provider based in the US and Europe, on its USD405 million acquisition of a hosted data centre services business from Wipro Limited.
As a result of the deal, which was announced on 14 March 2018, Ensono – a portfolio company of Charlesbank Capital – has acquired eight data centres, employing over 900 people, significantly expanding its geographic footprint and global services capabilities.
The Ropes & Gray team was led by private equity partner Phil Sanderson, assisted by private equity lawyers Sonal Patel, Karla Agulgub and Folake Fani-Kayode, all based in London.
iM Square, a European investment and development platform dedicated to asset management, has secured a new financing commitment from Eurazeo, one of its founding shareholders.
Eurazeo is committed to support iM Square’s investments over the next few years and is expected to become its reference shareholder. Other founding shareholder Le Groupe Dassault/La Maison will also participate.
This new commitment will enable iM Square to acquire three to six additional participations in entrepreneurial active asset managers with USD1 to 20 billion of AUM, high growth potential and complementary strategies, such as alternative management. Most of the targeted asset managers are
PNC Business Credit, the senior secured lending division of PNC Bank, has made three appointments in its senior secured financing team in the Upper Midwest and Western regions.
Luke Tripodi has been appointed senior vice president and business development officer for PNC Business Credit. Based in Chicago, he has responsibilities for private equity and direct origination in the Minnesota and Chicago markets. Tripodi joins the organisation from BMO Harris Bank where he spent the last 10 years, most recently serving as vice president for BMO’s asset based lending group. He holds a bachelor’s degree in business and psychology from Illinois
Metro Bank has provided the highly prestigious Z Hotels with GBP18 million of funding. The capital will be used by the company to acquire a five-story office building just off Trafalgar Square in central London.
Branded as ‘The Urbanite Stay’, Z Hotels offers luxury hotel accommodation in prime city locations across London, Liverpool and Glasgow, and has plans to open a further two hotels in central London and Bath later this year.
Mark Stokes, Managing Director Commercial Banking at Metro Bank, says: “We’re delighted that we could provide Z Hotels with a swift and custom-made funding solution. We look
Technology, media and communications global investment bank Drake Star Partners has appointed seasoned media and Internet investment banker Michael Metzger as a Partner in the firm’s Los Angeles office.
Metzger will be focusing on media, Internet and the tech sectors.
This announcement follows Drake Star Partners’ recent office launch in San Francisco back in September 2017, with Mark Bradt joining as the firm’s first Partner based in the Bay Area. Metzger’s appointment as a Los Angeles-based Partner further extends Drake Star Partners’ coverage in the West Coast.
Gregory Bedrosian, Managing Partner and Co-CEO at Drake Star Partners, says:
Compass Group Equity Partners has acquired Logic PD, a designer and developer of embedded and connected devices serving the aerospace, defence, control and automation, Internet of Things (IoT), and medical/life sciences markets.
Established in 1960, Logic has evolved into a leading provider of electronics manufacturing services offering a complete suite of product lifecycle management solutions. With integrated capabilities in research, design, engineering, quality, regulatory, manufacturing, and aftermarket services, Logic helps its clients identify opportunities, reduce risk, and control costs to deliver the next generation of innovative products into the world’s most demanding markets. Logic has manufacturing facilities in Eden Prairie,
Funds advised and managed by YFM Equity Partners (YFM), a specialist private equity fund manager, have backed an investment into Ncam Technologies Limited, a provider of innovative and leading Augmented Reality solutions for the entertainment industries.
YFM’s investment comes from its two advised VCTs, British Smaller Companies VCT plc and British Smaller Companies VCT2 plc alongside the YFM Equity Partners 2015 Co-Investment LP.
Ncam was founded in 2012 by Nic Hatch (CEO), Sam Boivin (CTO) and Brice Michoud (Senior R&D Engineer) to develop a unique augmented reality solution which combines patented camera tracking hardware that fuses data from multiple
Italian corporate and financial law firm Gattai, Minoli, Agostinelli & Partners has appointed Andrea Calvi as partner and head of the firm’s new financial regulatory practice.
The new team includes associates Nicolò Vignali and Alberto Prade.
Calvi has extensive experience in banking and capital markets, coupled with a thorough knowledge of Italian and international laws and regulations. In particular, he specialises in investment services and financial products, as well as in governance of investment and asset management firms.
Calvi joins from Studio Legale Galbiati, Sacchi e Associati. Previously, he practiced for twenty years at Studio Loiacono e Calvi.
Ogier has promoted Richard Bennett from the firm’s London based investment funds team to managing associate.
Bennett (pictured), who has been with Ogier since 2011, is a Registered Foreign Lawyer regulated by the Law Society of Hong Kong, and worked at Hogan Lovells and the UK Financial Services Authority before joining the firm.
He specialises in licensing, fund structuring and restructuring and financing arrangements under the laws of the British Virgin Islands and Cayman Islands for private equity and hedge fund clients.
Nicholas Plowman, the practice partner of Ogier’s Hong Kong office, says: “Ogier’s Caribbean funds team continues
The Standards Board for Alternative Investments (SBAI) has established a North American Committee of leading alternative investment managers and institutional investors to direct the SBAI’s efforts in the region.
The SBAI is supported by approximately 200 alternative investment managers and investors overseeing USD3 trillion.
Members of the SBAI North American Committee will include: Jane Buchan, CEO, PAAMCO; Clint Carlson, President & Chief Investment Officer, Carlson Capital; John Claisse, CEO, Albourne Partners; Tom DeVita, COO & CFO, MKP Capital Management; Samantha Foster, Managing Director, University of Southern California; Ed O’Reilly, Senior Managing Director, Citadel; Russell Read, CIO, Alaska Permanent Fund;
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