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Tully & Holland has acted exclusive financial adviser to Undaunted Holdings, d/b/a Intrepid Powerboats, in its sale to JDG Undaunted, a newly formed company of JDG Capital.
Intrepid Powerboats, a portfolio company of Boston, MA-based private equity firm, Fulham & Co, is a designer, manufacturer and marketer of high performance, luxury outboard powerboats.
JDG Capital, a Texas-based private investment firm, targets controlling interest investments in middle-market enterprises.
Intrepid Powerboats’ customer base includes wealthy individuals, professional athletes, Middle Eastern royalty, and well-known entertainment figures.
Intrepid Powerboats will continue to be led by the existing management team.
"Fulham
The European technology industry has come of age in 2016, according to analysis by tech M&A advisory firm Magister Advisors, with unprecedented M&A interest from Asian buyers and a strong IPO market for the best European tech businesses, driving a surge in “blockbuster” deals.
Magister Advisors also sees the next wave of USD5 billion-plus companies already emerging in Europe, underpinned by comparatively strong growth and revenue performance by European unicorns and a climate of innovation in some of the hottest technology sectors.
The six blockbuster deals so far this year are NXP’s USD45 billion sale to Qualcomm, Softbank’s
Australian venture capital funds raised a record USD568 million in 2016 with investment jumping 50 per cent to AUD347 million, according to the latest Australian Private Equity and Venture Capital Association (AVCAL) and EY Yearbook.
Collectively private equity and venture capital raised AUD2.74 billion in FY2016, slightly down from AUD2.87 billion in FY2015.
While private equity fundraising was lower than the previous year (AUD2.55b) at AUD2.17 billion, AUD628million of this is earmarked for growth/expansion deals.
Investments made by the industry in the past financial year grew 5 per cent with AUD3 billion of the total AUD3.7 billion spent
Maples Fund Services has extended its fund administration offering to the growing marketplace lending sector, which is synonymous with peer-to-peer (P2P) lending and encompasses a broader scope of lenders, including individuals and traditional financial intermediaries and institutions.
As increased regulation and tightening credit conditions at traditional banks force borrowers to seek out alternative channels, marketplace lending has gained popularity.
Given demand for fixed income options in the current market environment, hedge funds have recognised the sector's potential and are facilitating the introduction of institutional investors to this space.
"What began as a niche investment opportunity for individuals to
Omnes Capital is selling its stake in Nomios to Infradata Group, a network and security integrator in the Benelux region owned by Waterland Private Equity.
The deal involves founding director Sébastien Kher, the company’s managers and the funds managed by Odysée Venture.
Omnes acquired a stake in Nomios in January 2013.
Founded in 2004, Nomios is an IT services company specialising in IT security and business network performance optimisation. The company offers a range of services combining integration and maintenance of IT solutions and audit and consulting services.
The company has developed considerably over the last three
Private equity firm NorthEdge Capital has strengthened its new business team in the north with the appointment of Nicola McQuaid as investment manager and Greg Holmes as investment executive.
McQuaid spent 10 years working at PwC in the firm’s corporate finance division before joining JLA, an HgCapital backed business, where she was corporate development director for three years, specialising in M&A.
At NorthEdge, McQuaid will work alongside John Rastrick, partner and head of Yorkshire & North East, at the firm’s Leeds office to help drive new business efforts across the region.
Holmes joins NorthEdge after five years at
Noerr has advised the Gegenbauer Group on the acquisition of a majority stake in RGM from Georgsmarienhütte.
The takeover, which spanned five European jurisdictions, was coordinated and supported by a Noerr team led by partners Tibor Fedke and Christian Pleister.
The Gegenbauer Group and Georgsmarienhütte agreed on the acquisition of 90 per cent of the shares in RGM retroactively as of 1 January 2016.
The activities of the RGM Group will be continued in future under the umbrella of the Gegenbauer Group, which is among Germany’s leading providers of facility management services, with a workforce of 15,000 and
Highview Capital has hired six investment professionals with expertise in private equity, credit and restructuring.
Brice Baradel and Steve Russell have joined the team as principals; PJ Gilbert and Dan Picmann as vice presidents; and Tim Park and Kapish Haldia as associates.
All six will be based in Highview’s Los Angeles headquarters.
These are the first hires for the Los Angeles-based opportunistic private equity investment vehicle since Highview announced the launch of its inaugural USD500 million evergreen fund in October 2016.
Ryan McCarthy, co-founder and senior portfolio manager of Highview, says: “I am thrilled to welcome the
Diversified alternative investment managers (IMs) are unlikely to see soaring private equity deal activity in 2017 even with record available dry powder, as they take a more cautious approach to new transactions amid elevated market valuations.
This is according to a US Diversified Alternative Investment Managers: 2016 Update report from Fitch Ratings.
Industrywide uncalled capital, or dry powder, is at near-record levels, with Fitch-rated diversified alternative IMs holding USD273.5 billion in aggregate dry powder across private equity, credit and real estate strategies as of 30 September 2016, which was up 7.5 per cent year over year.
According to
Renewable energy-focused infrastructure funds have been an increasingly important part of the unlisted infrastructure market and the sector has expanded rapidly in recent years, according to data released by Preqin.
Renewable energy funds secured a record USD14 billion of investor capital in 2015, and the amount raised in 2016 YTD (USD9.8 billion) seems on course to approach these levels.
However, the number of funds closed annually has fallen from a peak of 30 funds in 2014 to just 14 in 2016 so far. This is a reflection of the competitive fundraising market, and it is notable that fewer fund
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