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Equistone Partners Europe has completed the management buyout of WHP Telecoms, a provider of professional services to the mobile telecoms infrastructure sector, from Palatine Private Equity.
WHP is the leading provider of end-to-end services for the planning, design, acquisition, deployment, upgrade and maintenance of mobile network masts, antennae and base stations for all major UK mobile operators. Employing over 440 people and headquartered in Warrington, the business operates nationally with sites in Leeds, Glasgow, Birmingham and Heathrow.
WHP has grown significantly since Palatine invested in 2015 with turnover increasing from GBP30m to almost GBP75 million forecast in the current
Guernsey’s fund sector is expecting increased interest in its Private Investment Fund following a change in its rules and guidance.
The move from the Guernsey Financial Services Commission was announced last week, removing the need for a licensed investment manager to warrant an investor’s ability to sustain financial loss, replaced by a declaration, which places a lesser burden on the manager.
“The FAQs provide a most welcome clarification to the PIF regime which we expect to end any ambiguity about the nature and extent of managers’ responsibilities,” says Craig Cordle, Group Partner at law firm Ogier.
The PIF
Century Bridge Capital’s Century Bridge China Real Estate Fund has successfully exited and repatriated the proceeds from its investment in Dalian, China.
The fund closed on its GBP24.5 million investment in the GBP87 million development in January 2015 in joint venture with regional developer, Dalian Guanxin Investment Corporation.
Located in Dalian in an established in-fill location in Dalian’s Economic Development and Technological Zone, at the core of the Jinzhou New District, the project benefited from being in one of the highest GDP districts in Liaoning province. The project is within a ten-minute walk of offices and industrial
Investors in the Assetz Capital platform are yet to be convinced by cryptocurrencies, with just 16 per cent seeing them as worthwhile investments.
The peer-to-peer lending platform canvassed the views of its investors in the Q1 Assetz Capital Investor Barometer. Some 43 per cent believe the entire market is on the brink of collapse, while 40 per cent feel cryptocurrencies are still too immature at present with significant risks attached. Only 14 per cent feel it is a worthwhile investment but only in moderation, with just 2 per cent thinking it is the future of investments.
This follows a
Investcorp, a provider and manager of alternative investments, has appointed Jan Erik Back as Group Chief Financial Officer. Back will join Investcorp in the summer.
Back, who has more than 30 years of industry experience, the majority of which was in senior finance roles of financial services firms including SEB (Skandinaviska Enskilda Banken AB), Skandia and Handelsbanken, most recently served as Executive Vice President and Chief Financial Officer of SEB, a leading Nordic financial services group providing retail and merchant banking, wealth management, and life insurance services to its corporate and institutional clients across international markets.
Prior to that,
PreVeil has secured a Series A investment from Spark Capital, a venture capital firm that invests in disruptive startups. This is the first outside investment in PreVeil; two of its founders, successful serial tech entrepreneurs Sanjeev Verma and Randy Battat, were the seed round investors.
PreVeil’s unique email and document services combine end-to-end encryption, with distributed trust that ensures no one administrator is a gateway for hackers, and finally, eliminates the need for passwords, a common security weak point in enterprises. Nobody outside of an enterprise, not even PreVeil, can read a business’ files – especially critical as the threat
Los Angeles private equity firm Century Park Capital Partners has selected PEF Services to provide fund administration services.
Century Park specialises in facilitating owner liquidity, supporting business expansion, and bringing industry and operational resources to build stronger, more successful middle market businesses. Since its establishment in 2000, Century Park has invested in 58 companies with a total aggregate enterprise value of USD1.6 billion.
“PEF’s exceptional reputation for providing superior service to its clients, coupled with solutions that allow us to scale, were key factors in our decision,” says Martin Sarafa, Managing Partner of Century Park Capital Partners. “Partnering with
LLR Partners has closed a USD30 million minority growth equity investment in Midigator, the provider of a fully-automated software platform to prevent, analyse and manage payment card chargebacks, thereby increasing merchant revenue and lowering costs.
Key features of the platform include automated chargeback prevention alerts, intelligent chargeback representments with industry leading win-rates and real-time data analytics and reporting.
“Merchants, small and large, are struggling to keep pace with the rapid growth of fraud and payment card chargebacks. Midigator’s fully-automated software platform is uniquely positioned to help processors, acquiring banks, ISOs and merchants prevent and manage chargebacks,” says Corey Baggett,
Carlyle-Group-backed, third-party IT infrastructure maintenance specialist Evernex has appointed Stanislas Pilot as its new Chief Executive Officer (CEO).
Pilot, 48, an ENST engineer and MBA graduate from MIT, has previously served as COO of Arkadin, Group Leader at Capgemini Consulting, and Principal of Investments at Apax Partners.
Stanislas Pilot’s main mission will be to accelerate the company’s growth, both organic and external. In particular, he will oversee the successful roll-out of Evernex’s ambitious mergers and acquisitions programme. In addition, to guarantee the quality of customer service and optimisation of final results, Stanislas Pilot will actively undertake the implementation of
TJ Graham is joining Cooley’s Palo Alto office as a partner in the firm’s technology transactions group. He arrives from Wilson Sonsini Goodrich & Rosati.
“TJ is a skilled and highly regarded practitioner whose extensive experience in a range of technology transactions spanning many industries will prove an invaluable asset to our clients,” says Keith Berets, who heads Cooley’s technology transactions group. “The demand for complex technology transactions work has been on the rise, and TJ’s talent will be a significant addition to our growing practice.”
Graham works with clients at all stages of their life cycles. His representations
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