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Inverness Graham, a private investment firm focused on high growth, innovative manufacturing, technology and services companies, has promoted Aliya Khaydarova to principal.
"Over the past nine years, Aliya has played a key role across all aspects of the deal spectrum – from due diligence through successful exits at AdvancedCath, RacoWireless, and Danville," says Ken Graham, founder and senior managing principal at Inverness Graham. "We're proud to recognise Aliya's drive, knowledge and significant accomplishments with this well-deserved promotion. She has been instrumental to Inverness Graham's success to date and we look forward to even greater contributions in her new role going forward."
Since joining
The most popular M&A deal project name in 2016 was Project Blue, according to Intralinks, a provider of virtual data rooms for M&A transactions.
Intralinks analysed almost 5,000 transactions in 2016 – all of which used an Intralinks Virtual Data Room – revealing that Project Blue, Project Diamond and Project Falcon were the top three most popular choices of code name.
Compared to 2015, the highest climbers in the league table were Project X, climbing from number 38 to number seven, and Project Sapphire, up from number 153 to number nine. Five of the top 10 in 2016 also
iCapital Network, a financial technology platform focused on democratising access to alternative investments for high-net-worth investors and their financial advisers, has appointed Thomas Fortin as managing partner and chief operating officer (COO).
Fortin (pictured) will report to iCapital Network’s chief executive officer, Lawrence Calcano, and be responsible for technology development and the investor services group.
Fortin joins iCapital from BlackRock, where he was head of retail technology in the BlackRock Solutions group and responsible for the strategy, design, and development of retail sales enablement and digital distribution solutions. He also drove the acquisition of FutureAdvisor.
“We are delighted
The venture capital trust (VCT) sector raised GBP542 million in the 2016/17 tax year, the second highest amount raised on record and an 18 per cent increase on last year’s figure of GBP458 million, according to the Association of Investment Companies (AIC).
This is the highest amount raised since 2004/5 (GBP779 million) when income tax relief was increased from 20 per cent to 40 per cent.
VCT assets under management to 5 April 2017 (GBP3.9 billion) are also up on last year’s GBP3.6 billion.
Ian Sayers (pictured), chief executive of the AIC, says: “These figures are a testament
PNC Bank has closed a USD100 million senior secured revolving credit for Apache Industrial Services, a portfolio company of Quantum Capital.
PNC Capital Markets led the syndication as sole lead arranger, and PNC Bank is serving as administrative agent.
Based in Houston, Texas, Apache Industrial Services provides a suite of services including scaffolding, coatings and linings, refractory, fireproofing and insulation to critical infrastructure. Apache serves the petrochemical, agricultural chemical, refinery, power generation, offshore energy and general industrial markets.
Apache will use the funds, in part, for its acquisition by Quantum, to refinance existing credit facilities, and to provide
The Riverside Company has sold a non-voting minority stake to Parkwood to accelerate continuing growth.
Parkwood is a limited partner in multiple Riverside funds.
“Parkwood has a deep understanding of Riverside including our strategy, market leadership and culture,” says Riverside co-CEO Stewart Kohl. “This is a natural extension of our mutually beneficial relationship. I’ve long admired Parkwood chairman and CEO Morton Mandel as a mentor and role model, so we’re especially happy to have them as a partner in growth.”
Parkwood’s acquisition of just under 10 per cent of the firm will be all primary capital, with the
Future Energy Solutions Lighting Group has closed a financial partnership with Orion Energy Partners.
The USD75 million credit facility from Orion Energy will supplement FES’s existing financial backing from UK-based Matterhorn Capital and Stonegate Bank, providing additional capital to support the company’s expansion programme.
FES delivers Lighting as a Service (LaaS) through energy efficient infrastructure installations across the US.
FES is a rapidly growing provider of energy efficient lighting infrastructure. The company’s Gold Initiative Program offers LaaS at zero capital cost to the customer.
Orion Energy provides creative capital solutions to middle market energy infrastructure businesses across
Middle market private equity firm One Equity Partners’ portfolio company Anvil International has acquired AFCON, a provider of patented fire protection pipe hangers and seismic bracing products.
Financial terms of the private transaction have not been disclosed.
Headquartered in El Monte, California, AFCON manufactures a complete range of fire protection products, including clamps, pipe hangers and sway brace fittings for a wide variety of pipes and copper system piping. Established in 1968, AFCON pioneered the fire hanger and pipe bracing business with innovative products designed to minimise damage to fire suppression systems during earthquakes.
“We’re pleased to be
Private equity activity in Africa will inject billions of US dollars of sustainable investment over the next five years, research shows.
Private equity deals in Africa are growing from a low base equivalent to 0.18 per cent of Africa’s GDP in 2016.
Every 0.01 per cent increase will mean USD200 million more investment and could easily reach USD1.1 billion over the next five years.
A growth engine: Trends and outcomes of private equity in Africa, commissioned by global law firm Baker McKenzie with The Economist Corporate Network, also shows private equity investors in Africa are distinct from other
Tenzo, a data-driven hospitality tech platform, has closed a seed investment of GBP600,000 led by Acequia Capital, Force Over Mass and angel investors Charlie Songhurst, Michael Orland and Getti Restaurants.
The financing will be used to fund Tenzo’s continued international expansion, new hires and for further investment in its proprietary technology platform.
“Tenzo has developed a leadership position in the market for hospitality technology through delivering actionable business insights from existing data sources,” says a representative at Acequia Capital. “Christian and Adam have the perfect combination of technical and operational experience to build a scalable and defensible platform that helps
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