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Praesidian Capital, a provider of senior and subordinated capital for small and mid-sized businesses, has led a USD12.0 million mezzanine debt investment and a USD0.3 million equity co-investment to support the acquisition of Remedy Health Media (Remedy) by Topspin Partners (Topspin).
Headquartered in New York, NY, Remedy is a leading digital health platform specialising in inspirational, video-based storytelling and award-winning digital brands. The Company’s portfolio of brands includes HealthCentral, TheBody, TheBodyPro, BerkeleyWellness, and Healthcommunities. Its largest property, HealthCentral, has become a primary destination for inspirational multimedia patient stories – under the Live Bold, Live Now initiative – that connects Remedy’s
RPC and The British Private Equity and Venture Capital Association (BVCA) have launched a new guide on private equity fund restructurings to bring clarity to this complex area.
RPC has produced the guide for fund sponsors, investors and investment professionals, going through potential scenarios that could require a private equity or similarly structured investment fund to restructure and what needs to be done.
The guide covers several issues including: Brexit; adverse fund economics; investor defaults; and manager distress.
The guide also details the liabilities and defences for asset managers when faced with litigation, as well as certain recent
Sidley Austin has appointed Alexander Temel and William Schwab as partners in the firm’s Boston office. They are members of Sidley’s global Private Equity practice. Both were formerly with Latham & Watkins.
“We are excited to have attracted top talent like Alex and Bill as we continue to expand our private equity capabilities both here in Boston and globally,” says Robert Buhlman, managing partner of Sidley’s Boston office. “Private equity and related transactional work have been part of the strategy for expanding the Boston office since its inception. We believe having Alex and Bill on the ground working with our
Maples Fund Services, an independent global fund services provider and division of MaplesFS, has appointed Brendan Tyne as Head of Business Development for North America.
Tyne brings over 20 years of experience in the asset management industry. He was most recently the Managing Director of the North American business of a global private equity and real estate fund administrator. Prior to that, he held various sales and relationship management positions, focusing on capital raising and managing institutional and high net worth client relationships for hedge fund and fund-of-funds managers. He received a Bachelors of Arts in International Affairs from Lafayette
Alternative assets under management reached a record USD7.7 trillion in 2017, according to a new survey by BNY Mellon, and look set to increase further with over half of respondents expecting allocations to alternatives to increase in the next 12 months, up from 39 per cent in 2016.
Private equity has the highest share of institutions’ alternative asset allocations and highest levels of outperformance (36 per cent of respondents said results were better than expected). But the rising stars are real estate and private debt, whose share of allocation continues to grow.
After a period of disappointing returns, nearly
Polaris Investment Advisory AG (Polaris), Zurich, has appointed Dr Hanspeter Bader, Baldomero Falcones, Dr Thomas Friese and Matthias Knab as Members of its Senior Advisory Board.
“We are delighted to have gained such renowned and globally-networked experts for our company. With this step, we are substantiating our claim of having in-depth expertise and an extensive network in all areas of alternative investments,” says Rolf Dreiseidler, Managing Partner of Polaris.
Bader is regarded as a proven expert in private equity. He worked for Unigestion for 17 years, most recently in the position of Head of Private Equity/Private Assets. Friese most
KKR is teaming up with Ron Voigt, formerly an executive at Danaher Corporation, to work together to identify and acquire mid-market businesses in the industrials sector.
Together with KKR, Voigt will focus on acquiring manufacturing businesses generating roughly USD25 to USD50 million of EBITDA. Once a company has been acquired, they will aim to support the business in achieving breakthrough performance and growth while also implementing an innovative employee engagement model utilised in KKR’s industrials transactions in recent years.
Voigt previously served as the President of X-Rite Pantone, an operating subsidiary of Danaher Corporation. While at X-Rite, he led
APEXX, a single marketplace for global payments, has closed an initial seed funding round and been awarded a grant by Innovate UK, activity totalling USD4 million (GBP3.2 million).
The round was led by Forward Partners, a top London-based VC which specialises in applied artificial intelligence (AI) and have previously invested in EmpowerRD, Ably and Epic. The round was also supported by MMC Ventures and Alliance Venture, based in Oslo, Norway.
The global APEXX network is made up of payment service providers and banks which helps merchants to reduce the cost of cross border payment acceptance, increase sales with optimised payment transaction routing and manage multiple provider
Yukon Partners (Yukon) has held the final closing of Yukon Capital Partners III, and its associated parallel funds, at its hard cap of USD558.7 million in total capital commitments.
Since its inception in 2008, Yukon has raised over USD1.2 billion in total capital commitments across three funds. Fund III will be invested by Yukon’s partner group; Michael Hall, William Dietz, and Michael Furey who combined, have executed more than 81 investments representing over USD1.3 billion of invested capital since 2000.
Fund III continues Yukon’s mission of providing mezzanine capital to middle market businesses primarily in transactions controlled by private
The State Street Investor Confidence Index (ICI) for November 2017 decreased to 97.1, down 1.0 point from October’s revised reading of 98.1.
The minor decline in global sentiment was driven largely by a 12.0 point drop in the European ICI to 81.0. By contrast, the North American ICI rose by 3.7 points to 102.6 and the Asian ICI increased by 1.0 point to 97.5.
The Investor Confidence Index was developed by Kenneth Froot (pictured), and Paul O’Connell at State Street Associates, State Street Global Exchange’s research and advisory services business. It measures investor confidence or risk appetite quantitatively by
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