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Livingstone, the international mid-market M&A and debt advisory firm, has promoted Neil Smith to director and Harsha Wickremasinghe and Lewis Gray to associate.
Smith focuses on the debt advisory and special situations sector. He advises clients on a range of debt-related assignments, including new capital raises, refinancing, dividend recapitalisations and restricting. He joined Livingstone in 2013.
Wickremasinghe has dedicated his time to Livingstone’s consumer sector efforts since joining in 2007, for which he also leads the deal origination programme. Wickremasinghe has recently been involved in a number of transactions including Fleetway Travel, Destinology and Iglu.com.
Gray joined Livingstone
- 22/07/2016
- 22/07/2016
Affiliates of private equity firm Hellman & Friedman are to make a USD900 million investment to acquire a substantial equity stake in Genesys, a specialist in omnichannel customer experience and contact centre solutions, from existing equity holders.
The investment represents an enterprise value of approximately USD3.8 billion. Following the investment, the Permira funds, along with Technology Crossover Ventures and the other original investors, will continue to own a majority stake in Genesys.
The Genesys Customer Experience Platform improves the efficiency and effectiveness of marketing, sales, and service. It is used by more than 4,700 customers across 120 countries, including
- 22/07/2016
Jersey’s proactive approach to developing new funds legislation together with its commitment to enhancing links with overseas markets will ensure its funds industry can look forward to a positive future, according to Mike Byrne (pictured), the new Chairman of the Jersey Funds Association (JFA).
Elected into the position of Chairman at the recent AGM (1 July) of the trade association that represents Jersey’s funds industry, Byrne, a partner at PwC Channel Islands, is joined by Tim Morgan, partner at Mourant Ozannes, who will serve a second term as Vice Chair.
Also on the updated committee are Nick Taylor (Ashburton Investments) who remains as
- 21/07/2016
The European Securities and Markets Authority (ESMA) has further recommended Guernsey for a ‘third country’ passport under the Alternative Investment Fund Managers Directive (AIFMD).
In its final assessment to the European Commission, Parliament and Council, ESMA stated that there are ‘no significant obstacles regarding investor protection, competition, market disruption and the monitoring of systemic risk impeding the application of the AIFMD passport to Guernsey’. Guernsey is among a group of only five jurisdictions that ESMA has offered unqualified and positive assessments to which includes Canada, Japan, Jersey and Switzerland. Four other jurisdictions, Australia, Hong Kong, Singapore and the US have received
- 21/07/2016
Development Partners International (DPI), an African private equity specialist with USD1.1 billion under management, is to invest EGP300 million through its ADP II fund in Egyptian household appliances and electronics retailer B.TECH.
B.TECH operates a fast-growing portfolio of 67 retail stores across Egypt with a network of 362 wholesale dealers supported by three main warehouses and 57 after-sales service centres. B.TECH distributes leading household appliances and consumer electronics products including leading global brands such as Indesit, Ariston, Miele, Apple and Braun. B.TECH has consistently grown its business at an impressive 18% annualised sales growth over the last five years driven
- 21/07/2016
Compliance and regulatory firm Lawson Conner has added XIO Group to its stable of private equity clients.
XIO (UK) LLP will operate as an onshore investment adviser, helping to support XIO Groups global private equity funds.
The UK entity is responsible for identifying opportunities in Western Europe and North America.
The London office is led by Carsten Geyer, XIO Group’s head of Europe, and supported by the group’s financial service co-heads Marcel Normann and Volker Dammann.
“Over the past 12 months we have seen an ever increasing demand for our regulatory hosting solution from global private equity managers. With offices
- 21/07/2016
Woodbridge International, a global mergers and acquisitions firm, has appointed M&A professional Georges Hazan to its team of investment bankers.
Hazan will be heading up Woodbridge’s office in Paris, France to serve clients throughout France as well as in other French-speaking countries.
Prior to joining Woodbridge, Hazan was, respectively, founder, CEO and managing director of various strategic consulting firms that provided a range of corporate financial advisory services to international clients including family businesses, multinational corporations, start-ups, private equity and various non-profits.
Hazan has special expertise in advanced technologies and innovation services (IT, health, NBIC). He serves in
- 21/07/2016
Clearwater International has advised Union Square, a provider of information management software to the architecture, engineering and construction (AEC) industries, on its sale to Deltek.
Union Square, founded in 2000, has become the leading supplier of business and project information management software across the entire AEC supply chain. Headquartered in Nottingham, the business has experienced strong international growth in Australia and recently expanded operations into Europe and Canada. The business has recently been named as one of Britain’s most inspirational companies in The London Stock Exchange’s annual Inspire Britain report.
The acquisition by Deltek, the leading provider of software and
- 21/07/2016
Sanne Group, a provider of outsourced corporate, fund and private client administration, reporting and fiduciary services, has appointed Andrew Shrimpton as compliance director with immediate effect.
In this role, Shrimpton will be based in Sanne’s London office and will be responsible for ensuring the activities undertaken by Sanne’s UK authorised entities are in accordance with the regulatory and statutory requirements and in accordance with relevant procedures.
Shrimpton brings a deep breadth of expertise and experience to Sanne, having acted as a respected compliance adviser to the asset management industry over the course of a 30 year career.
His
- 21/07/2016
- 21/07/2016
The National Association of Investment Companies (NAIC), the industry association for diverse-owned and emerging private equity firms and hedge funds, has launched a new initiative to increase the number of women entering and advancing in the private equity industry.
A partnership between the NAIC and the American Investment Council (AIC) recognised that women are grossly underrepresented in the industry, making up just 10 per cent of senior employee ranks in private equity.
The difficulties women face in surmounting barriers into the industry is compounded by the challenge of effectively navigating their way towards senior level positions.
To achieve
- 21/07/2016
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