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American Industrial Partners (AIP) is to acquires Rand Logistics, a provider of bulk freight shipping services throughout the Great Lakes Region.
AIP is a New York-based private equity firm with over USD4.0 billion of assets under management that focuses on buying, improving and growing industrial businesses in the US and Canada.
Under the terms of the agreement entered into between Lightship Capital, an affiliate of AIP, and the Company, AIP has agreed to convert all of the Company’s second lien debt into 100 per cent of the new common equity of the reorganised Company (subject to dilution by shares
Leeds Equity Partners, a New York-based private equity firm focused exclusively on investing in the Knowledge Industries, has completed its investment in Fusion Education Group (Fusion).
Fusion operates 43 schools in eight states and Washington, DC through a personalised education model and today educates more than 4,000 students in grades six through 12. Terms of the transaction have not been disclosed.
The first Fusion Academy opened in 1989 in Solana Beach, California with a groundbreaking personalised educational model. Classes at Fusion are delivered by one teacher to one student through mastery-based learning, which enables each session to be attuned
Interswitch, an Africa-focused integrated digital payments and commerce company, has appointed Kenneth Olisa OBE, FRSA, FBCS, as its new Chairman, succeeding Adedotun Sulaiman, MFR.
The appointment follows the recent minority investment by TA Associates in Interswitch in March of this year. Helios Investment Partners, which invested in the company in 2011, is majority shareholder of the company.
Olisa is a British businessman with a career in technology that commenced at IBM and spans well over 40 years. He founded and led the technology merchant bank, Interregnum and is also the founder and Chairman of Restoration Partners, an independent boutique
IK Investment Partners’ IK Small Cap I Fund together with Management is to acquire Studienkreis (Studienkreis), a provider of tutoring services for primary and secondary school students in Germany, from Aurelius.
Since its inception in 1974, Studienkreis has developed into one of the leading providers of tutoring services on the German market. The Company operates a dense network of over 1,000 learning centres, offering small group tutoring to circa 60,000 primary and secondary school students across Germany, covering all common subjects as well as special preparatory courses for pre graduation exams. The Company has further developed a true online offering, comprising
Prestige has secured three new mandates from institutional investors outside the UK for its private lending credit funds. The mandates are the latest to be received from non-UK institutions that are allocating to the UK-based private lending specialist.
The investors are: a Swiss-based industrial corporate pension fund; a South Korean-based financial group; and a Spanish-based university endowment.
Despite last year’s Brexit referendum, Prestige continues to see a high level of institutional interest, including in some of the sterling based share classes of its credit funds. In addition, several dedicated share classes have been created for larger investors such as
GCA Altium has hired James Craven to join its Global Technology team as Managing Director, based in London.
Craven has 17 years’ M&A experience in the technology sector, having previously been with Canaccord Genuity, DC Advisory, and PwC. He has expertise across a wide range of technology sub-sectors including software, fintech, data & analytics, broadcasting technology, tech enabled services, IT services, managed services and telecom services.
In recent years, Craven has completed several high-profile transactions including Broadridge, Callcredit, Civica, Epicor, Infor, NTT Data, Park Place Technologies and Tata.
His deals include extensive cross border M&A experience across private
SK Capital, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, has completed its previously announced acquisition of Perrigo Company’s active pharmaceutical ingredients (API) business, which has been renamed from Perrigo API to Wavelength Pharmaceuticals (Wavelength).
Wavelength is a leading developer and manufacturer of generic APIs and finished dose forms (FDF) with primary operations located in Israel and supporting functions in the US and India. The Business supports a global, blue-chip customer base with a broad array of products that leverage its specialised manufacturing capabilities (including cytotoxic, steroid and high potency) and core competency in complex
German bank Donner & Reuschel has launched a new investment fund which is aiming to take advantage of the long-term growth trend in global sports and invest in media rights, private equity and real estate.
Few other business sectors have grown as fast in recent years as professional sports. In football, for example, both the value of the European professional clubs and the prices for broadcasting rights have increased by around 9 per cent pa since the turn of the millennium. Investors can now participate in this billion-euro business for the first time.
The newly launched sports fund invests
Michael Potts, managing partner at Byrne and Partners, comments on the news that the number of cases opened by the FCA doubled between 2014 and 2017…
These statistics represent a clear shift in both the behaviour of the FCA and whistleblowers as a whole. Two things are apparent; the increasing effort by the FCA to open more cases (and earlier) to demonstrate its policy of “credible deterrence”; and the climate for whistleblowers in the UK becoming increasingly hostile, showing no signs of curtailing.
A common misconception is that whistleblowers are either acting out of self-interest, or have ‘defected’ from
MJ Hudson Allenbridge, an investment consultancy specialising in alternatives and venture capital, has released the results of a survey of the UK’s top venture capital managers, investors, and advisers as part of its broader commentary in advance of the Government’s Patient Capital Review, which will be released on the same day as the Budget.
The results of the survey, answered by over 120 top venture managers and investors, highlight the need to close the “scale-up capital gap” identified by the government in its Patient Capital Review, as well as the extent of which current tax allowances are relied on by
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