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UBS Asset Management’s (UBS-AM) Real Estate & Private Markets (REPM) business has made three new hires in its infrastructure area, supporting the growth of the USD 4 billion platform to meet increasing investor demand.
REPM’s global infrastructure platform comprises direct equity and debt investments and is led by Tommaso Albanese, who is supported by a team of over 30 professionals located across five offices globally.
Two of the new hires have joined as Directors on REPM’s Infrastructure Equity team and will be based in London and Madrid, reporting to Bronte Somes, Head of Infrastructure Equity Europe. They will be
AMP Capital has opened a new representative office in Dubai and appointed an Institutional Director, Sudhanshu Garg, who will be responsible for introducing AMP Capital’s real assets capabilities to clients across the Gulf Cooperation Council (GCC).
AMP Capital CEO Adam Tindall; Boe Pahari, Director, North West Region at AMP Capital; Andrew Jones, AMP Capital Global Head of Infrastructure Debt; and Garg officially opened the new office at a launch event in Dubai attended by clients and prospective investors.
The office is located within the Dubai International Financial Centre Authority (DIFC), the financial services hub for the Middle East, which
Avedon Capital Partners has held the final close of Avedon III at EUR300 million, substantially above the fund’s target of EUR250 million.
Avedon III investors comprise a combination of institutional investors (banks, insurance companies, pension funds, endowments, fund-of-funds), both from Europe and North America, as well as a group of senior executives, further strengthening Avedon’s network in its home markets.
Avedon III will continue the Firm’s successful strategy of investing in growing, niche market-leading companies, with revenues ranging between EUR25 million and EUR150 million, which are at an inflexion point in their development and are looking for a partner
Apollo Global Management is to acquire a majority shareholding in Catalina. The agreement is subject to customary regulatory conditions, among others, and is expected to close in Q1 2018.
Affiliates of Apollo made an initial investment in Catalina in December 2013 and, as a result of the transaction announced today, the Apollo acquisition vehicle, which is expected to include investment from certain long term institutional and strategic investors, will have a controlling interest in the business. Since Apollo’s involvement in 2013, Catalina has grown substantially, doubling in size over the past three years, whilst maintaining its profitability. Catalina has completed
BlueMountain Capital Management, a private diversified alternative asset management firm with USD22 billion in assets under management, has appointed Brandon Cahill, Sarah Dahan, and Josh Drazen as Partners of the firm, effective 1 January, 2018.
Brandon Cahill joined BlueMountain in 2004. Since 2010 he has been the primary portfolio manager investing in CLO tranches, and also oversees BlueMountain’s synthetic CDO and mortgage strategies. Mr. Cahill is also involved in BlueMountain’s CLO management platform and BlueMountain Fuji, focusing on the capital markets and structuring aspect of the business. Prior to joining BlueMountain, he was an Analyst in Citigroup’s Global Project and Structured Trade Finance group. He attended the University of
Middle-market private equity firm Calera Capital has appointed Edward H Orzetti, former CEO of Keystone Automotive Operations and former CEO of Transtar, as an Operating Partner.
Orzetti will assist Calera in connection with identifying, evaluating, and building attractive platform investments in the automotive aftermarket and other industrial sectors. Calera intends to commit USD40 to USD200 million of equity per investment in a range of transaction types which are primarily focused on family or founder-owned businesses. Transactions may also include recapitalisations of private and public companies, corporate divestitures, and growth equity investments.
Ethan Thurow, Managing Director at Calera, says: “We
Capital Dynamics, an independent global asset manager, has held the final close of Mid-Market Direct IV (MMD IV), the firm’s latest co-investment fund. MMD IV was oversubscribed relative to its initial target of USD350 million and closed with USD383 million in capital commitments.
MMD IV, which began investing in early 2016, has deployed over 25 percent of its capital and has built a strong initial portfolio of seven mid-market investments to date, providing investors with broad diversification across industries and geographies.
“This is our largest co-investment fund to date, which demonstrates the strong interest received from our investors,” says David Smith,
Investcorp, a provider and manager of alternative global investment products, has agreed to acquire Kee Safety Ltd, a global supplier of safety solutions and products designed to protect people from hazards, from Dunedin LLP and LDC for an enterprise value of GBP280 million (USD370 million).
Established in the UK in 1934 and headquartered in Birmingham, Kee Safety is the leading global provider of fall protection solutions and products associated with working at height. The Company’s products have a longstanding reputation for their quality, reliability and safety and include fall prevention equipment, roof edge protection, barrier and guardrail systems and safe
Funds affiliated with private equity firm Siris Capital (Siris) are to buy Synchronoss Technologies’ Intralinks Holding unit in a deal worth about USD1 billion.
As part of the deal, Siris will also make an investment in convertible preferred equity of Synchronoss in an amount of USD185 million. This investment would initially be convertible into approximately 19.8 per cent of Synchronoss’ common stock. The sale of Intralinks is expected to close in mid-November 2017; the sale of the preferred stock is expected to close in the first quarter of 2018. Both transactions are subject to closing conditions.
“As part of
Catapult Ventures has appointed Kevin D’Silva as a Venture Partner with its GM&C Life Sciences Fund.
D’Silva, who becomes the Fund’s third Venture Partner, will assess investment opportunities and work with the Fund’s smaller investments to help companies successfully grow, with a particular focus on medical devices.
Speaking on the new appointment, Catapult CEO Nick Wright, says: “I am delighted to welcome Kevin to Catapult as a Venture Partner specialising in medical devices and related technologies. Kevin has been known to Catapult for many years and was Chairman of two of Catapult’s recent life science exits. His skills and
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