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Rush, the hair and beauty brand that was backed by private equity firm LDC earlier this year, has appointed former Costa Coffee managing director Christopher Rogers as its non-executive chairman, with immediate effect.
Rogers has over 11 years of experience as a main board director of Whitbread, the UK’s largest hospitality company, where he held roles as group finance director and managing director of Costa Coffee, one of the world’s leading coffee chains. He led Costa Coffee’s global expansion, during which time profits increased from GBP69 million to GBP153 million, and global store numbers increased from 2,200 to over 3,200.
Ipes, a provider of outsourced services to private equity in Europe, has appointed Sumindra Bains-Cleary and David Bateman.
Bains-Cleary joins Ipes as head of commercial finance based in London while Bateman joins Ipes as a manager in Guernsey.
Bains-Cleary is an experienced finance manager whose most recent role was for Xchanging, where she spent five years, latterly as corporate development and corporate strategy manager. Prior to that, she spent five years in KPMG’s corporate finance department, specialising in cross-border acquisitions and disposals.
Reporting to the CFO, Bains-Cleary will be responsible for providing management information and business intelligence across the
London-based Feedstock is operating a research platform that offers buy-side fund managers a one-stop-shop to managing their research activities under MiFID II.
Feedstock acts as a productivity tool by integrating with a buy-side firm’s email system. By filtering through the hundreds of research reports that are sent on a daily basis, the system prioritises only the most relevant research.
As everything is powered by machine learning behavioural algorithms, it means that over time, the more research a fund manager consumes, the more detailed a picture of their research preferences begins to emerge.
“Under MiFID II, firms will need
Private equity investor Privet Capital has acquired Vivid Toy Group for an undisclosed sum.
Vivid is one of Europe’s leading independent branded toys and games companies, licensing, designing, manufacturing and selling a combination of in-house developed toy and games IP and third party intellectual property licenses to major retailers in the UK, France, Germany, Benelux and US markets including Tesco, Argos, Wal-Mart, Carrefour, Toys“R”Us, Smyths, The Entertainer and Amazon.
The company is headquartered in the UK (Guildford), and has additional sales and marketing operations in France (Paris) and Germany (Frankfurt), as well as operations in China (Hong Kong).
Kirkland & Ellis is advising Ally Bridge Group, as a joint offeror with a consortium established by an affiliate of the target company’s controlling shareholder and GL Capital Group, in its proposed HKD2.34 billion (USD300 million) privatisation offer for the H shares of Shandong Luoxin Pharmaceutical Group by way of a voluntary conditional cash offer.
The transaction is conditional on, among other things, Shandong Luoxin’s shareholders approval.
Shandong Luoxin is a Chinese pharmaceutical company whose H shares have been listed on the Hong Kong Stock Exchange since 2005. The voluntary conditional cash offer will only be extended to the
Gordon Brothers, a global advisory, restructuring and investment firm, has expanded its footprint to Australia.
Based in Sydney, the new office will be led by seasoned restructuring and turnaround management professional Tim Stewart, who will serve as managing director, Australia.
"We at Gordon Brothers see tremendous opportunity in the Australian market," says Frank Morton, CEO, international. "Tim's restructuring expertise and ties to the local turnaround community are extensive. Under his leadership, and in partnership with Gordon Brothers Finance Company, we will deliver capabilities and capital long overdue in the Australian market."
"I am thrilled to lead Gordon Brothers'
Independent private equity firm Aksìa Group has acquired 70 per cent of Alpha Test, a Milan-based professional education company, specialising in books and courses for preparation at university admission test.
Previously owner of a 45 per cent stake since 2013, Alcedo III Fund will exit from the shareholding structure following this transaction.
After the creation of the Covisian group, the third player in the BPO and contact centre industry in Italy, and the acquisition of 100 per cent of Lameplast COC Group, the Italian and European leader in the preparation, filling and packaging of pharmaceuticals, medical devices and cosmetics,
DH Corporation (D+H), a provider of technology solutions to financial institutions globally, is to be acquired by Vista Equity Partners for CAD25.50 per share in cash.
This includes the assumption of all debt obligations including the issued convertible debentures.
The total enterprise value is approximately CAD4.8 billion.
The transaction price represents a premium of approximately 36 per cent over D+H's closing share price on 5 December 2016, the last trading day before media reports surfaced suggesting the company was exploring strategic alternatives.
Vista intends to combine D+H with another of its portfolio companies, UK-based, Misys, a global
Platinum Equity has closed Platinum Equity Capital Partners IV, a USD6.5 billion global buyout fund.
The fund was heavily oversubscribed, driven by the success of Platinum's M&A&O strategy that integrates investment expertise with deep operational capability and resources.
"We are grateful to investors for believing in Platinum, supporting our growth and trusting us to invest their money wisely," says Tom Gores, chairman and chief executive officer of Platinum Equity. "Our job now is to continue earning that trust by deploying this capital effectively. We have the capacity, the capability and the capital necessary to handle transactions of any size
Aspiring challenger bank, Beyond Funding, a new start-up based in Manchester’s business district Spinningfields, has just appointed two directors from Deloitte.
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