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RueOne Investments, an alternative asset manager that offers institutional asset owners and family offices direct investment opportunities on a deal by deal basis, has appointed Tracie Ahern and Hoyt Stastney to the firm’s board of directors.
Ahern (pictured), who is currently a principal at Danesmead Partners, a fund fiduciary services firm, will serve on the board's audit committee.
Stastney, currently the general counsel at Bronfman EL Rothschild, a wealth management firm, will chair RueOne's legal, compliance and cybersecurity committee. A focus of the compliance and cybersecurity committee will be ensuring that RueOne adopts and maintains best-in-class policies and procedures
US Capital Partners has appointed Britt Doyle as senior vice president (SVP).
Headquartered in San Francisco, US Capital Partners is a private investment bank that makes direct debt investments, participates in debt facilities, and has wide distribution for debt and equity private placements for small and medium-sized businesses.
A 30-year veteran of the capital markets, Doyle started his career as an institutional fixed-income salesman for Security Pacific Asian Bank in Singapore directly out of college.
After receiving an MBA in the late 1980s, Doyle moved to the private client side of the business, working for various large investment
Palladium Equity Partners, a private investment firm with approximately USD2 billion in assets under management, has promoted three investment professionals to the position of managing director and three to the position of principal.
Marcos Rodriguez, chairman and chief executive officer of Palladium, says: "We are pleased to announce well-deserved promotions that broaden our leadership team and our firm as a whole. The promotions reflect years of service to Palladium and our investors, and significant accomplishments in sourcing new investments, creating value at our portfolio companies and exemplifying the values of our firm."
"It is gratifying to recognise the contribution
Clayton, Dubilier & Rice (CD&R) has completed the acquisition of BUT, the largest furniture retailer network in France, in a 50:50 partnership with WM Holding, a company related to XXXLutz Group.
Sir Terry Leahy, senior adviser to CD&R funds and former CEO of Tesco, has assumed the role of chairman of the board.
BUT operates through a network of 303 stores. The company offers furniture, appliances and decorative products, complemented by financing and extended warranty services.
In FY2016, BUT generated revenue of EUR1.5 billion.
Ipes, a provider of outsourced services to private equity in Europe, is providing administration services to Keen Venture Partners, a new venture capital firm operating from London and Amsterdam, in the first closing of its inaugural Keen Venture Partners Fund.
The fund had its first close at EUR90 million and will provide early growth capital for technology companies with breakaway momentum across Europe with a particular focus on innovation hubs in the UK, Netherlands, Sweden and Germany.
Ben Cook, UK managing director of Ipes, says: “Keen’s focus on innovation matches our own. We look forward to a long partnership
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
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