PE Tech Report

Latest News

Private equity firm Gemspring Capital has appointed Thomas Zanios as a managing director. Prior to joining Gemspring, Zanios was a principal at Odyssey Investment Partners. During his nine years at Odyssey, he was involved in all aspects of the investment process including origination, due diligence, transaction structuring, financing, and working closely with management to execute key value creation initiatives for each investment.   Zanios served on the boards of Safway Group Holdings and One Call Care Management during his tenure at Odyssey.   He began his career in the healthcare investment banking group of Banc of America Securities before joining
OST Energy, an independent engineering consultancy, has teamed with Royal Bank of Scotland (RBS) and solar energy company Lightsource Renewable Energy to bring Europe’s largest floating photovoltaic (PV) solar project to completion. A 6.3 Megawatt peak (MWp) array floating on the Queen Elizabeth II reservoir west of London, is now providing a source of clean energy to water utilities company, Thames Water. It is the first floating solar project to secure European bank financing.   Thames Water will buy all energy generated by the project as part of a power purchase agreement (PPA) with Lightsource.   Throughout the early stages
Copenhagen Infrastructure II, a fund under Copenhagen Infrastructure Partners (CIP), has teamed up with Burmeister & Wain Scandinavian Contractor (BWSC) to acquire the Kent biomass-fired combined heat and power (CHP) plant project. The parties have signed a contract for the GBP160 million project located in Kent in southern England. The Kent power plant will have a capacity of 27.8 MW, corresponding to the power consumption of 50,000 households, and will mainly be using locally sourced wood. The plant will be constructed by BWSC and is expected to be in operation in the summer of 2018.   BWSC will provide the
Light Street Capital Management has appointed Bill Nolan as head of business development, responsible for developing and expanding Light Street's business presence and relationships with investors. Nolan brings to the role nearly 30 years of industry experience. Previously, he was head of marketing and investor relations at Passport Capital from 2008 to 2015, and held a similar role at Crosslink Capital from 1999 to 2007.   "All of us at Light Street are excited to have someone with Bill's experience and business development success on our team," says Glen Kacher, president and portfolio manager. "We are confident Bill will help
Strong exit environments in both Europe and Asia helped private equity and venture capital funds in emerging markets and developed markets outside the US outperform public markets in those regions in 2015, according to global investment adviser Cambridge Associates. Emerging market PE and VC returns beat non-US developed market PE and VC returns, in part because of a weakening euro, which brought down non-US developed market returns when measured in US dollars.   The Cambridge Associates Global ex US Developed Markets Private Equity and Venture Capital Index returned 2.0 per cent in USD terms in Q4, bringing the return for
Jim Smigiel
One of the biggest issues with risk when it comes to investing is that investors will invariably think about it in binary terms; what is the level of risk? Is it too high or too low? Of greater import, however, is understanding the composition of risk.  Given where the funds industry is today, as end investors’ return expectations increase they become increasingly limited in the type of risk that they can take. This has the unintended consequence of decreasing the efficiency of the overall portfolio as it becomes more and more concentrated in one type of risk.  The job of
Peter Hughes, Apex Fund Services
Apex Fund Services has closed a USD40 million credit facility with global credit investment firm Highbridge Principal Strategies. Peter Hughes (pictured), founder and chief executive officer, Apex Fund Services, says: “The completion of this investment further strengthens Apex’s ability to continue its expansion on a global scale. I am delighted that a well established investment firm recognises an opportunity in the business and has confidence investing in our brand and supporting us in our future development. This investment helps further solidify the Apex group’s position as one of the world’s leading independent fund administrator as we continue to increase our
Sunshine Heart has acquired the Aquadex product line from an indirect subsidiary of Baxter International, a specialist in the hospital products and dialysis markets. The Aquadex system is indicated for temporary (up to eight hours) ultrafiltration treatment of patients with fluid overload who have failed diuretic therapy, and extended (longer than eight hours) ultrafiltration treatment of patients with fluid overload who have failed diuretic therapy and require hospitalisation.   "Aquadex is an important strategic investment, which allows Sunshine Heart to strengthen our presence in the heart failure market," says John Erb, Sunshine's chairman and CEO. "We believe Aquadex is a
JZ Capital Partners (JZCP), a London listed fund that invests in US and European micro-cap companies and US real estate, has closed an investment in Pacific Medical, its fourth investment through the Jordan Health Products platform since 2015. JZCP invested USD4.2 million in the transaction.   Founded in 2005 and based in San Juan Capistrano, California, Pacific Medical repairs, services and sells new and refurbished medical equipment, specialising in patient monitoring devices and corresponding accessories.   Jordan Health Products was formed in 2015 by Jordan Industries International and JZCP to develop and execute a strategic build-up in the highly fragmented
Investcorp is selling Crisps Topco Limited (Tyrrells) to Amplify Snack Brands for an enterprise value of GBP300 million. Founded at Tyrrells Court Farm, Herefordshire in 2002, Tyrrells is a manufacturer of hand-cooked potato and vegetable crisps, popcorn and other savoury snacks.    Tyrrells has built on the brand strength of its core product offering to diversify into other premium snack categories, including popcorn, tortilla chips and vegetable crisps.   Investcorp acquired Tyrrells in August 2013 for GBP100 million and has overseen a transformation of the company in which sales and EBITDA more than doubled and employee numbers grew by over

Special Reports

Featured

Events

05 June, 2024 – 8:30 am

Directory Listings