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The Preqin Investor Outlook: Alternative Assets, H1 2016 finds that investors are mixed in their attitudes to the alternative assets industry. The majority (65 per cent) of investors holds a positive general perception of private equity, and only 6 per cent have a negative perception.
However, more hedge fund investors hold a negative view of the asset class (38 per cent) than have a positive perception (32 per cent), and almost twice as many natural resources investors currently have a negative perception (33 per cent) compared to those who are positive about the asset class (17 per cent).
This
- 03/03/2016
50 South Capital Advisors, the investment advisory subsidiary of Northern Trust is to acquire the hedge fund solutions provider Aurora Investment Management, a wholly-owned subsidiary of Natixis Global Asset Management.
The addition of Chicago-based Aurora will offer clients of both firms access to an expanded global alternative investment platform with the size and resources to deliver comprehensive hedge fund, private equity and real asset solutions.
“This strategic acquisition supports our objective as a trusted asset manager to provide solutions that are suited to client investment objectives and risk tolerances,” says Northern Trust Chairman and Chief Executive Officer Frederick H
- 03/03/2016
Cyrus Investment Management (CIM), ab engineering turnaround EIS investment adviser, has acquired Ramp Surface Coatings Ltd a specialised surface coatings operation based in Yeovil.
Cyrus’s first EIS Fund, Cyrus Precision Engineering EIS Fund 1, is now fully invested in four portfolio companies across the Aerospace, Defence and Security sectors after closing in April 2015.
One hundred per cent of Ramp’s labour force has been retained and CIM will expand the business’s loyal customer base through the injection of new capital, products, and senior management.
Ian Watkins, Chief Investment Officer of Cyrus Investment Management, says: ”We are absolutely delighted
- 03/03/2016
Ogier in Jersey has assisted Slaughter and May in advising US infrastructure investor Global Infrastructure Partners on its sale of London City Airport to a consortium of buyers for around GBP2 billion.
The group of investors comprises Ontario Teachers’ Pensions Plan Board, Alberta Investment Management Corporation, Borealis Infrastructure and Wren House Infrastructure.
London City Airport serves around four million passengers a year, a figure that has almost doubled since 2005.
The Ogier team was led by partners Matthew Shaxson and Raulin Amy and assisted by Dilmun Leach (senior associate).
Commenting on the deal Matthew Shaxson says: “We are
- 03/03/2016
HIG Capital (HIG) has promoted John Von Bargen and Todd Ofenloch to Managing Director in its US LBO group.
Von Bargen has been a member of the Boston LBO team since joining the firm as an Associate in 2004. He has been a key player in a number of successful current and previous investments, including Insight Global, Accupac, nextSource, and most recently, Constructive Media. Von Bargen has also been a major contributor in other parts of the firm, including leading the annual training program and taking on and achieving successful results for HIG in a number of legacy investments.
Ofenloch
- 02/03/2016
NVM Private Equity (NVM) has exited from Kitwave Wholesale Group, a delivered wholesaler with a wide product range including confectionery, soft drinks, ice-cream, alcohol and tobacco.
The company has transformed itself from being a regional confectionery business to a national wholesaler through 11 acquisitions since 2006. The sale represents a gross money multiple of 3.0 times on NVM’s original investment.
Kitwave, founded by CEO Paul Young in 1988, has a reputation for excellence in service quality, product availability and customer relationships and has laid a strong foundation for the future. As well as now having nationwide delivery capability, the
- 02/03/2016
Augment, an augmented reality platform that allows users to envision any object in their current environment through a simple mobile app, has closed a series A funding round, bringing the total funding since launch to USD4.7 million from Salesforce Ventures and other investors.
The company, headquartered in Paris, France, has experienced tremendous growth over the past year and will use its funds to expand global sales and partnership programs, accelerate product development, and scale its global reach, which includes the onboarding of several key hires.
Over the last year, Augment has increased its revenue by over 200 percent and
- 02/03/2016
Performance video advertising technology company SourceKnowledge has secured a USD1.5 million financing round from BDC Capital, a subsidiary of the Business Development Bank of Canada (BDC).
The funding will be used to scale growth in the company's quickly expanding performance advertising platform Engage.
The Engage platform was developed for mobile gaming and app publishers, eCommerce brands, SaaS companies and performance driven agencies. It empowers them to create data-driven journeys that allow for more efficient user acquisition alongside transparent reporting that focuses on conversion metrics. The platform enables advertisers to take an omnichannel approach to digital advertising by leveraging video
- 02/03/2016
Livingstone has appointed Brennan Libbey (pictured) as a partner in Los Angeles. Libbey joins the firm from Houlihan Lokey where he led the Business Services Group. He will head Livingstone’s US Business Services and West Coast teams.
Libbey brings over 20 years of mid-market advisory experience and an impressive track record of successful transactions for entrepreneurs and private equity investors.
“With customised solutions for mid-market companies and established global infrastructure, Livingstone brings a unique set of offerings to the North American market. I look forward to building the firm’s LA-based team and partnering with Livingstone’s exceptional professionals around the
- 02/03/2016
Uneven portfolio company performance may be driving private equity fund managers’ modest expectations in 2016, according to the seventh annual PErspective Private Equity Study by BDO USA.
Twenty-two per cent of fund managers surveyed report that 16 to 20 per cent of their portfolio companies are performing below forecast, while another 20 per cent of respondents say more than 20 per cent of their portfolio companies are underperforming. However, the majority of respondents say that 15 per cent or less of their portfolio companies are missing the mark, and 17 per cent say that none of their portfolio companies are
- 02/03/2016
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