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Noerr has advised Landesbank Baden-Württemberg (LBBW) and Siemens Bank on financing the purchase of automotive supplier Dieter Braun by Deutsche Beteiligungs AG (DBAG).
The DBAG Fund VI, advised by DBAG, has acquired the majority of the shares in Dieter Braun by way of a buyout.
The seller is the private equity firm Seafort Advisors. Besides DBAG, the management will also hold shares in Dieter Braun in future.
The Dieter Braun Group specialises in cable assembly and lighting technology particularly for the automotive industry, with a workforce of some 1,500 and sites in Germany, the Czech Republic, Mexico, China
Veritable and Moelis Asset Management have teamed up to launch Archean Capital Partners, which will provide new private equity portfolio managers with the initial capital, advice and infrastructure necessary to launch their own funds.
Veritable is a wealth management firm with over USD13 billion of assets under management.
Moelis AM is the parent company for alternative asset management firms with an aggregate of over USD3billion in assets under management.
Through Archean Capital Partners, Veritable and Moelis AM will seek capital commitments for a series of single manager, special purpose vehicles (SPVs) that will invest in selected newly launched
Beechbrook Capital has completed its first three investments from its most recent fund, Private Debt III.
The fund’s first transaction was to provide growth financing in support of H2 Equity Partners’ investment in Multi Pilot Simulations, a designer and manufacturer of flight simulation training devices based in Groenekan in the Netherlands.
The second transaction was for D&D London, the luxury restaurant, bar and hotel group based principally in London and whose restaurants include Quaglinos and Coq d’Argent. Beechbrook provided a mezzanine loan to part-refinance LDC’s and the management’s shareholder loans.
The third investment was a mezzanine loan to
ACA Compliance Group, a provider of compliance, cybersecurity, performance and technology solutions to financial services firms, has acquired Telavance.
Founded in 2010 by Salvatore Cangialosi (pictured), Gokul Kallambunathil, Rama Pappu and Mahesh Viswanathan, Telavance provides anti-money laundering (AML) risk reviews and related regulatory compliance services and software solutions.
It offers leadership and expertise in the areas of risk assessment and mitigation, remediation of regulatory actions, model risk management, fraud rules assessments, NYS DFS 504 compliance, AML software system enhancements and optimisations, and transaction reviews and “look-backs.” Telavance’s client base is primarily centred in the banking industry.
As a
Ylan Steiner, head of the London venture capital team at King & Wood Mallesons, has joined Orrick as a partner in its technology companies group, resident in the London office.
This addition follows the arrival of Christoph Brenner, head of KWM’s German corporate practice, who joined the firm as a partner in Orrick’s Munich office earlier this month.
“Ylan is deeply respected in the London technology, venture capital and growth equity community. Having worked across the table from him for more than 15 years, I hold him in the highest regard and am thrilled that he is joining our team,”
GenNx360 Capital Partners, a New York-based private equity firm investing in middle market industrial manufacturing and business services companies, has appointed Daphne Dufresne as a managing partner.
Dufresne will be actively engaged in all aspects of GenNx360's investment activities and portfolio management, and will be a voting member of the firm's investment committee.
Prior to joining GenNx360, Dufresne was a founding partner and managing director of RLJ Equity Partners where she was responsible for sourcing, executing and monitoring investments, management of the firm, fundraising, chaired a number of the firm's portfolio company boards, and was a member of
PNC Riverarch Capital has sold its portfolio company Goldco to Seven Hospitality, a consortium of high-net-worth investors.
Terms of the transaction have not been disclosed.
Goldco is an operator of 46 Burger King restaurants in Southeast Florida, primarily in the Fort Lauderdale and Treasure Coast regions. Since its founding in 1980 with a single restaurant, Goldco has grown its footprint through new store development and acquisitions.
Investment professionals at PNC Riverarch Capital led the investment in Goldco in late 2012. Under the ownership of PNC Riverarch Capital, Goldco significantly expanded its footprint in Southeast Florida, implemented a sophisticated
Private equity firm Lovell Minnick Partners has appointed Irene Hong Edwards as principal and head of investor relations.
“We are thrilled to welcome Irene to Lovell Minnick as we build out investor relations to better serve our limited partners,” says co-chairman Jeffrey D Lovell. “We are confident her depth of experience on both the fundraising and investor relations fronts will prove to be valuable assets as we nurture our very important existing investor relationships and cultivate new ones.”
Hong Edwards, who will be based in New York, brings to Lovell Minnick more than 15 years of experience in alternative
LionTree, a global investment and merchant banking firm focused on media, technology and telecommunications, is building on its operations in New York, San Francisco and London with the opening of a Paris office.
Fatine Layt, a banking executive and entrepreneur, has joined LionTree to lead the new office and grow the firm’s differentiated offerings in the region.
The expansion of LionTree’s international presence will enhance the firm’s ability to identify and execute on the best opportunities for clients in an increasingly global market.
LionTree’s Paris office will provide France-based clients with direct access to the firm’s industry expertise,
Private equity firm JW Childs Associates has appointed Joseph M Fortunato as operating partner.
He will focus on evaluating, acquiring and growing businesses in the specialty retail industry.
“After 25 years of working with Joe as a leader in the specialty retail sector, I am delighted he is formally joining the JW Childs team,” says Bill Watts, partner, JW Childs Associates. “Joe has tremendous operating, financial and board management experience with retail businesses and has been instrumental in helping me steward numerous JW Childs portfolio companies. Like all of our operating partners, Joe brings a long track record of
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