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Vistra has appointed Gavin Carruthers (pictured) as Director of its Jersey Fund Services business.
As Director, Carruthers will join the Funds team on the island who specialise in all aspects of corporate, fiduciary and administrative solutions for alternative investment structures, including real estate and private equity funds.
Carruthers brings a wealth of corporate and funds knowledge, obtained during a 15 year career in both the onshore and offshore financial services industry.
Prior to joining Vistra, Carruthers worked for Intertrust (formerly Elian and Ogier) and PriceWaterhouseCoopers.
Carruthers’ current experience includes real estate fund administration, private equity fund administration
Berdon Fund Services, a New York-based fund administrator has incorporated FundCount’s accounting and investment software into its service offering.
FundCount is a Boston-based provider of integrated investment, partnership and general ledger accounting software that has been working with hedge funds, family offices and fund administrators since 1999. Berdon Fund Services’ adoption of the FundCount platform will enhance its service approach – by providing a robust solution that will enhance efficiency and overall client service – and better position the firm for growth.
Berdon Fund Services, an affiliate of New York-based Berdon LLP – Accountants and Advisors, was launched in 2015
Perfect Channel, a specialist in marketplace transformation technology, has secured GBP2 million in funding from its long-term investor Beringea, and new partner UIL Limited, an investment company jointly managed by ICM Limited and ICM Investment Management Limited.
Perfect Channel – which has built an auction and trading platform for companies operating marketplaces in commodities and financial assets – will use the funding to support continued sales growth and product development over the coming year, following the appointment of industry veteran Jim Leeds as the company’s new CTO in January 2017.
Working with clients including Global Dairy Trade (GDT), Lloyd’s, and
Quad-C Management has closed an investment in Pharm-Olam International Ltd, a multinational, full-service clinical research organisation (CRO), serving the biopharmaceutical and medical device industries. Terms of the transaction have not been disclosed.
Based in Houston, Texas, Pharm-Olam has 27 offices worldwide and has supported clinical trials in over 60 countries. The Company’s European headquarters are based in Ascot, England. Pharm-Olam was founded in 1994 by Dr. Zev Munk, a physician, and Eugene Barg, both of whom have over 20 years of experience in the clinical research field. Dr Munk and Mr Barg are retaining a significant ownership stake in the
Monroe Capital has acted as sole lead arranger and administrative agent on the funding of a USD125 million senior credit facility to support the recapitalisation of a healthcare services company.
The Riverside Company made a simultaneous minority investment as part of the transaction.
The unnamed company is a provider of information that helps doctors improve patients’ lives, with scientific capabilities that can identify potential chronic diseases at stages early enough to make patient lifestyle and wellness improvements successful.
High Road Capital Partners has completed the acquisition of Midwest Wholesale Hardware, marking the sixth platform acquisition for High Road Capital Partners Fund II.
Founded in 1987, Midwest Wholesale Hardware is a leading value-added wholesale distributor of commercial and institutional door hardware, electronic access control and security products. Based in Kansas City, Missouri, the company also operates distribution centers in California, Florida, Pennsylvania, South Carolina and Texas. Midwest provides expert customer service and offers an extensive inventory of all major brands and hard-to-find components for maintenance and repair applications within the commercial and institutional door hardware market.
“We are
Associated Continuity Teams (ACT Clean) has secured private investor backing for a GBP10.2 million management buyout – a significant deal that signals a new cycle of growth and energy for the specialist outsourcing company of kitchen porters, night cleaning and housekeeping.
Founded in 2006, ACT Clean has grown swiftly, alongside the expansion of upmarket hotels and restaurants in London, and is now the market leader in its luxury niche. Its impressive, long-term client base ranges from Michelin-starred and prestigious restaurant groups to well-known hotel marques through to the Royal Household.
Focussing on the provision of fully managed and supervised
Private equity firm TA Associates has made a minority investment in Retriever Medical/Dental Payments (Retriever), a provider of payment technology and merchant services to healthcare providers. Financial terms of the transaction have not been disclosed.
Founded in 1993 by Frank Shiner, Retriever is one of the largest payments companies focused exclusively on the healthcare provider market, serving 15,000 physician practices, dental practices, veterinary clinics and hospitals throughout the US. Through its proprietary software, Practice Management BRIDGE, Retriever enables its clients to integrate payment processing workflow and data with the healthcare provider’s existing practice management or ERP system. Retriever also provides tools
Pamplona Capital Management (Pamplona), along with Ascent Venture Partners (Ascent), has committed USD100 million to Nova Sciences Holdings (Nova), a new platform formed to acquire metering, monitoring, measurement and control instrumentation businesses.
Nova is led by highly experienced CEO Jim Barbookles and a senior management team that has worked together for fourteen years, during which time they have successfully executed several prior sector consolidations in the industrial instrumentation industry.
Barbookles will be Chairman of the Nova board, which will also include Pamplona Partner Justin Perreault and Ascent General Partner Walter Dick.
Barbookles says: “Over the last fourteen years, the Nova team
Haynes and Boone CDG, has significantly expanded its London office with the addition of three partners, who will bolster the firm’s finance, shipping, and energy practices.
Emma Russell and Zoë Connor join the firm as London partners in the Finance Group, where they will represent banks, investment funds and other clients on a range of finance transactions, including arranging capital commitment/subscription financings and other fund financings. Their focus will be on a collaborative, team approach and an emphasis on partner-led deals, which they hope will be welcomed by the market.
Andreas Silcher rejoins the firm following time as general
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