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Law firm Howard Kennedy has advised the selling shareholders, and separately the incoming and existing management team, on the multi-million-pound investment from Rutland Partners into the Aston Barclay Group.
The transaction paves the way for a significant investment in the business which will consolidate it as the UK’s leading national independent vehicle remarketing provider. The MBO was led by new chief executive officer Neil Hodson, with Glenn and David Scarborough, the former managing director and commercial director respectively, remaining shareholders and non-executive directors.
The Howard Kennedy team advising the selling shareholders was led by Corporate Partner Gillian White and
The Private Equity Wire Global Awards 2017, presented on 9 June in London, recognised the best private equity fund performers and service providers during 2016 in a range of categories covering the entire private equity space.
The winners of the awards, who were determined by readers of Private Equity Wire, are:
Best Debt Provider of The Year (Alternative) – Star Mountain Capital LLC
Best Debt Provider of The Year (Bank) – Investec
Best AIFM-Ready Fund Administrator – Augentius
Best Placement Agent of the Year – Asante Capital
Best Legal Adviser of the Year – Kirkland & Ellis LLP
Best Law Firm
Singapore Diamond Investment Exchange (SDiX), the world’s first commodity exchange for physically settled diamonds, has raised USD10 million in Series B+ financing.
The round, which closed on June, was led by existing investors Vertex Ventures and SDiX Chairman Alain Vandenborre (pictured). New investors in this round include Simon Murray, Chairman and founder of SMC and GEMS and former Group Managing Director of Hutchison Whampoa; and Richard Ji, co-founder and Chief Investment Officer of All-Stars Investment and former Asia-Pacific Head of Internet/media investment research at Morgan Stanley.
The new investment will support the continued execution of SDiX’s strategy to create
Synechron, a financial services consulting and technology service provider, is to join the Misys InFusion Partner Program. Synechron will develop two Centres of Excellence focused on Capital Markets and Corporate Banking to support clients across the United States, Europe, Middle-East and India.
The Capital Markets sites will cover the Misys FusionCapital suite of products for Treasury and Capital Markets. Corporate Banking will include the Misys FusionBanking solutions in Lending and Transaction Banking. This will complement Synechron’s prominent track record in these markets and its long-standing systems integration capability.
Brian Gibson (pictured), Vice President, Partners and Ecosystem at Misys, says:
Clifford Thames, a provider of data services to the global automotive aftermarket industry, has been acquired by OEConnection Holdings the US-based e-commerce technology group, from its private equity owner LDC.
Based in Chelmsford, Essex, Clifford Thames manages information on millions of car parts which is used by manufacturers and leasing companies to manage vehicle repairs and maintenance. Its customers include Ford, General Motors, Jaguar Land Rover, Hyundai, Mercedes-Benz, Renault and VW Group.
Operating from offices in seven countries across Europe, North America and Asia Pacific and employing almost 500 people, the business was originally founded in 1948 as a publisher of local newspapers, including the Stoke Newington and Hackney Observer. It evolved into data services in
BGF has expanded its investment team into the Republic of Ireland with the appointment of Leo Casey who will officially join in September.
Casey joins from IBI Corporate Finance where he was a director and board member. Based in Dublin, he has more than 17 years’ experience and knowledge of the Irish mid-market, helping Irish owner managed and family businesses secure growth capital and unlock value. Last year Leo completed significant deals on behalf of Ireland’s Americk Packaging, Arconics and Retail InMotion.
Before IBI, Casey worked at Dresdner Kleinwort Benson in Paris, and began his career at PwC in
Jason Ganz has joined US Bancorp Fund Services as senior vice president of business development. Ganz, based in Atlanta, will focus on the continued growth of the company’s alternative investment service offering throughout the southern and western states.
“We are excited to continue to expand our dedicated team of professionals serving the hedge fund community,” says Bob Kern, executive vice president of business development at US Bancorp Fund Services. “Jason’s experience and expertise in hedge funds, fund of funds, private equity, and middle office services helps strengthen our team and provides additional support for our clients.”
Ganz has more than
High Street Capital has sold ShoreMaster to an affiliate of Invision Capital. ShoreMaster, based in Fergus Falls, MN, is a designer, manufacturer and marketer of high-quality boating products including boat lifts, boat docks and accessories.
This sale is the culmination of a successful partnership between High Street Capital and ShoreMaster’s management team which began in 2013. Together, we completed the carve-out from the company’s previous public company owner, expanded the dealer network and invested in manufacturing and other efficiencies to grow both the top and bottom lines.
Don Hurley, ShoreMaster’s President & CEO, says: “We are eternally grateful for
Northleaf Venture Catalyst Fund (NVCF) has made a USD15 million lead commitment to Lumira Capital IV, a late-stage venture capital fund investing in high-potential biopharmaceutical and medical device companies.
With the closing of this investment, Northleaf has completed the NVCF investment program, with a total of USD300 million committed to a diversified portfolio of 13 fund investments and 11 direct investments.
“We are very pleased to be an anchor institutional investor in one of Canada’s top life sciences venture capital funds,” says Ian Carew, Director of Northleaf Capital Partners, which manages NVCF. “The commitment to Lumira represents NVCF’s final
Ipreo and Hamilton Lane have launched Private Market Connect, a joint venture developed to help solve the existing data challenges faced by Limited Partners and address the information inefficiencies that exist throughout the private markets globally.
Private Market Connect will focus on scaling, automating and normalising the information flow between General Partners (GPs) and Limited Partners (LPs) – ultimately resulting in straight-through processing.
This venture represents the latest evolution in an existing strategic partnership forged between the firms in 2012. Both Ipreo and Hamilton Lane continue to build upon their original shared goal of advancing industry cooperation and addressing
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