Latest News
Private equity firm Inflexion’s portfolio company Succession has secured an investment package of over GBP25 million from HSBC and its existing shareholders, to continue its growth strategy through the acquisition of the best 50 firms from its affiliated membership by the end of 2017.
In the last three years Succession has acquired 25 firms to create a highly profitable, organically growing, national advisory business of scale.
Group Chief Executive of Succession, Simon Chamberlain, says: “We are at the half way point in our plan to create the UK’s largest independent wealth management business, with strong funds under management, and
- 13/06/2016
Investec Specialist Bank continues to expand its Growth & Acquisition Finance team with the appointment of Nicole de Silva and Prasan Desai to the London office.
In their respective roles, Nicole and Prasan will report to James Stirling and focus on providing senior debt, mezzanine finance and minority equity across the entire capital structure.
Nicole joins from Royal Bank of Scotland (RBS) where she was Director of Corporate Transactions. During her time at RBS Nicole managed healthcare and commercial real estate portfolios, most recently focusing on structuring and executing leveraged transactions across the mid-market to support buy-outs, acquisitions, shareholder
- 13/06/2016
- 13/06/2016
Brazos Private Equity Partners, a Dallas-based private investment firm, has sold Ennis-Flint – a specialist in pavement markings and traffic safety solutions – to an affiliate of Olympus Partners. Financial terms of the transaction have not been disclosed.
Headquartered in Thomasville, North Carolina, Ennis-Flint serves more than 4,000 government and private sector customers in more than 60 countries through 20 manufacturing facilities and sales offices located across five continents.
During its time as an investor in the Company, Brazos has substantially grown and enhanced Ennis-Flint’s capabilities and performance, more than tripling corporate earnings during that period through acquisitions and organic
- 13/06/2016
Two thirds of Limited Partners (LPs) believe that the rapid growth of private equity ‘shadow capital’ – direct investments, co-investments and separate accounts – will reduce the returns of commingled private equity funds, according to Coller Capital.
The firm’s latest Global Private Equity Barometer explains the popularity of co-investments, a form of shadow capital embraced by around half of private equity investors: almost two thirds of LPs report that their co-investments have generated higher returns than their overall private equity portfolios in recent years.
Investors believe the investment environment is becoming more difficult to navigate – almost 70 per
- 13/06/2016
Devarshi Saksena (pictured) of Simmons & Simmons considers the pros and cons of new onshore European hedge fund vehicles recently developed in Ireland, Malta and Luxembourg and whether or not they represent a real challenge to the traditional Cayman model…
Times are changing for onshore European hedge funds. The structures that were traditionally trumpeted as being rivals to offshore funds – namely the Luxembourg specialised investment fund (SIF), Malta’s professional investor fund (PIF) and Ireland’s PLC/unit trust qualifying investor alternative investment fund (QIAIF) – but which had regulator-driven and, at times, frustrating fund authorisation processes are slowly giving way to easier
- 13/06/2016
Global Fund Media – the digital publishing group whose flagship title is Hedgeweek – hosted a successful one-day event at the Reform Club in London on 9 June entitled “Setting up an Alternative Investment Fund in Europe”.
The event, sponsored by Simmons & Simmons, Dillon Eustace, Circle Partners and Linear Investments, was attended by 100 fund managers and was 2.5 times oversubscribed.
Throughout the day, a series of panel discussions provided expert insights into the challenges and the sheer breadth of decisions that one needs to consider before bringing an onshore AIF to market.
After an opening address provided by
- 13/06/2016
Daphne Dufresne, Managing Director and founding partner of RLJ Equity Partners, is to leave the firm to pursue smaller, higher growth companies which are outside of the investment scope of the firm. Dufresne will continue to serve as a Special Advisor to RLJ.
Rufus Rivers, RLJ Equity Partners' Managing Partner, says: "I am deeply saddened that my partner for the last 10 years, and one of the founders of RLJ Equity Partners, has decided to leave the firm to pursue her passion to invest in small, high growth companies. While I'm sad, I'm also excited for Daphne and I look
- 13/06/2016
Private equity house Maven Capital Partners (Maven) has supported the management buy-in (MBI) of Prime Document (Prime), a specialist provider of outsourced document management services.
Maven’s backing will help the team strategically grow the sales and marketing capability of the business, expanding its footprint into the electronic document management (EDM) sector, which is forecast to grow strongly over the next few years.
The senior buy-in team has significant experience in the document management outsourcing market, with Managing Director Martin Hurley and Operations Director Alan Hall having previously held senior positions with several large companies in this arena. Phil Dearden
- 13/06/2016
Alberta Investment Management Corporation (AIMCo) has entered into a strategic financing relationship with Calfrac Well Services (Calfrac), an Alberta-based pressure pumping services provider.
AIMCo's investment in Calfrac provides its clients with an attractive opportunity to gain direct exposure to an innovative provider of pressure pumping services focused on North America's premier unconventional natural gas and light oil plays plus strategic international markets. With state-of-the-art equipment, in-house research & development, a diversified customer base, an expert team of employees, and experienced management, Calfrac is strongly positioned for long term success.
"AIMCo is very pleased to provide this strategic funding to Calfrac
- 13/06/2016
Henley Investments, a private equity real estate investor headquartered in the United Kingdom is expanding into the United States with opening of offices in Boston, Massachusetts, and Orange County, California.
Henley USA will be headed by Garrett Solomon, the founder of Corbelis, an award winning, nationally recognized residential land development and management company. Prior to forming Corbelis in 2012, Solomon spent almost two decades with well-known real estate private equity firms Rockpoint Group and Westbrook Partners. Henley USA will launch with five US based team members and expects that they will actively be seeking further talent to grow their presence.
- 13/06/2016
- 13/06/2016
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