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Growth private equity firm Palamon Capital Partners (Palamon) has appointed Oliver Hemsley and Josyane Gold to its Board of Advisors.
Hemsley is the founder and former CEO of Numis Securities, the London-listed small and mid-cap capital markets specialist. Under his 25 year leadership, Numis became one of the UK’s most respected institutional stockbrokers and corporate advisors, employing more than 200 staff.
Gold joins the Board of Advisors having spent nearly 25 years as a Partner at SJ Berwin (latterly King & Wood Mallesons) where she specialised in structuring private and public investment funds, including private equity, infrastructure and venture capital.
Oak Hill Capital Partners (Oak Hill) has successfully closed Oak Hill Capital Partners IV (Fund IV), a USD2.65 billion private equity buyout fund.
The fund was significantly oversubscribed, surpassing its target of USD2.0 billion and its hard cap of USD2.5 billion.
Oak Hill will continue its 30-year history of successful private equity investing with Fund IV, leveraging its experienced team, longstanding theme-based investment philosophy, and systematic approach to value creation. Consistent with Oak Hill’s core philosophy of partnership through alignment of interests, the General Partner will remain the largest investor in Fund IV, with a USD300 million commitment.
Castlelake has completed the first and final closing of its fifth general purpose fund, Castlelake V at its hard cap of USD2.4 billion in capital commitments after four months of marketing.
The fund’s investor base consists of both existing and new Castlelake limited partners based in the US, Canada, Europe, Middle East and Asia.
“The formation of Castlelake V is a testament to the credibility of our investment strategy and the Castlelake team’s track record of identifying an opportunity set that spans sectors and cycles,” says Rory O’Neill, managing partner and CEO of Castlelake. “We are grateful to our
Middle-market private equity firm Pamlico Capital (Pamlico) has closed the previously announced sale of its portfolio company Dexter & Chaney (Dexter + Chaney) to Viewpoint Construction Software (Viewpoint). Terms of the transaction have not been disclosed.
Headquartered in Seattle, Washington and founded in 1981, Dexter + Chaney is a provider of financial and operational management software for construction contractors. The Company’s product, Spectrum Construction Software, is used by more than 1,100 contractors. Pamlico acquired Dexter + Chaney in partnership with management in December 2014. Since that time, Pamlico has helped recruit a new management team, adding senior executives including Brian
ArchOver, a peer-to-peer (P2P) business lending platform, has become a member of UK Finance, the newly created trade body for financial organisations in the UK.
Following its acceptance into the Asset-Based Finance Association (ABFA) last month, ArchOver will represent the interests of peer-to-peer lenders in the new group.
UK Finance will combine six financial trade bodies, including the British Bankers Association, Payments UK and the ABFA, and will act as a united voice lobbying government on standards in the financial sector. ArchOver is committed to a highly secure model of lending, with its Secured & Insured and Secured &
An investment partnership advised by Permira is to acquire a strategic equity stake in Klarna Bank AB which currently serves 60 million consumers and 70,000 merchants.
Permira is a global investment firm which advises funds and accounts with a total committed capital of circa EUR32 billion. Permira focuses on identifying companies for long-term investment, combining local knowledge and global expertise to help them grow sustainably and realise their full potential.
The investment partnership will acquire shares from existing shareholders General Atlantic, DST Global and Niklas Adalberth, upon receipt of approval from the Swedish Financial Supervisory Authority (Finansinspektionen). As a
Luke McDougall, Leveraged Finance Partner at Paul Hastings comments on the news that leveraged finance issued so far this year in Europe, the Middle East and Africa (EMEA) has already surpassed last year’s total, reaching a record USD143 billion in the first half of 2017, which is nearly 8 per cent higher than in the whole of 2016…
The auction pipeline for the second half of the year is looking good. The activity level we have seen on the buy side, including on CLO formation, indicates this strong demand will continue.
However, the incoming European leveraged lending guidelines
Machine intelligence company, Graphcore, has secured USD30 million in a Series B funding round led by Atomico.
The new funding comes as the company prepares to ship its first Intelligence Processing Unit (IPU) hardware to customers later this year, with scale-up production for enterprise datacentres and cloud environments in 2018.
The Series B round is dedicated to accelerating roadmap development and building a community of developers and partners around its PoplarÔ graph framework software, establishing Graphcore as the leader in the market for machine intelligence processors.
Nigel Toon, CEO at Graphcore, says: “Atomico has a genuinely deep understanding
Dah Chong Hong Holdings Limited (DCH) is to acquire 80 per cent of Zhejiang Ciji, 100 per cent of Yuyao Ciji, 100 per cent of Ciji Xinghang and 80 per cent of Cixi Chiao.
These are acquisitions of luxury brand dealerships in the Zhejiang province and include two existing Mercedes-Benz dealerships (in Cixi and Ninghai), three authorisations for new Mercedes-Benz dealerships (in Yuyao, Fenghau and Cixi) and one existing Audi dealership (in Cixi) for a total of RMB920,800,000, and approximately HKD1,060,945,760. The deal will be funded by internally-generated cash and bank loans.
DCH, a majority-owned subsidiary of CITIC Limited,
Consumer-focused private equity firm Fireman Capital Partners (FCP) has promoted Chris Akelman to Principal and Ekta Sharma to Vice President.
“We are pleased to announce the promotion of two highly talented members of the Fireman Capital team,” says Dan Fireman, Managing Partner of FCP. “Both Chris and Ekta have been instrumental in the success of our firm, and these promotions are a testament to their strong work-ethic, investment expertise and valuable insight. We look forward to their continued success.”
Since joining Fireman Capital Partners in 2012, Akelman has been responsible for evaluating and executing new investment opportunities and supporting
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