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Private equity firm Monomoy Capital Partners (Monomoy) has held a final close on its third fund (Fund III) with approximately USD767 million of total commitments, substantially exceeding its target fund size of USD650 million.
Monomoy secured commitments from a globally-diversified group of limited partners for Fund III comprised of leading endowments, foundations, pension plans, insurance companies, family offices and funds of funds. “We are both humbled and energised by this tremendous vote of confidence from existing and new limited partners,” says Dan Collin, a Monomoy Partner and Co-CEO.
“We continue to believe that we are entering a very good economic
MedMen, a full-service management company serving North America’s legal cannabis industry, has launched the MedMen Opportunity Fund, the first private equity vehicle of its kind.
It combines a key understanding of the fragmented regulatory environment and an institutional operating management platform unparalleled in the industry.
The Fund will pursue strategic investments in supply-constrained, high barrier to entry markets and be diversified on both an asset and geographic basis. It will also own a portion of MedMen’s management company, which will serve as the Fund's captive operating partner, providing resources and operational oversight for the fund’s assets.
"We pride ourselves on
A Coventry-based manufacturer that provides specialist modification to vehicles in the automotive, aerospace, defence and rail sectors has received a GBP1million investment.
Penso City Vehicles will use the funding to invest in tools to modify the Mercedes Vito Tourer into a low emission taxi, including improving its turning circle and enabling side door wheelchair access. The deal will see the business create 20 new jobs and safeguard a further 50 in the next 12 months.
The firm, which currently employs more than 200 people at its new factory in Coventry, has more than 15 years’ engineering experience working with automotive
Union Oil and Gas Group (UOGG), a subsidiary of private equity firm Union Group, and state corporation Empresa Nicaraguense del Petróleo (‘PETRONIC), are to sign an agreement for future operations in four oil and gas blocks in the Sandino Basin offshore of Nicaragua.
The agreement, which is currently being finalised via governmental process, will grant UOGG priority rights to the exploitation of hydrocarbons in these blocks and marks the company’s first expansion into Central America after recent rapid growth in Peru, Paraguay, Uruguay and Bolivia.
“This is an important step towards our establishment of a major oil and gas
Larry Hatheway (pictured), Group Chief Economist and Head of Multi Asset Portfolio Solutions at GAM, looks at what happens next following the UK’s vote to leave the EU…
The UK’s historic referendum has, predictably, sent powerful shockwaves through global capital markets. Intra-day volatility in sterling, European equities and selected other asset classes has approached or even exceeded that seen during the most turbulent episodes of the global financial crisis. The market moves – particularly the sharp fall of sterling – are very much in line with the estimates made by most economists and strategists in their Brexit scenarios.
What
ECM Equity Capital Management’s (ECM) German Equity Partners IV (GEP IV) has acquired a majority stake in Wieners+Wieners, a Germany-based provider of language services for business, advertising and financial texts.
Previous owner Caldec Holding, a corporate group that specialises in corporate succession situations and accompanying growth companies with its own capital and operational expertise, will continue to be invested in Wieners+Wieners following this transaction, as will the company’s management. The closing of the transaction will take place on 30 June 2016. The parties have agreed to not disclose the purchase price or any additional details of the transaction.
Together with
Investcorp portfolio company SecureLink Group NV (SecureLink) is to acquire acquire Coresec Systems, one of Scandinavia’s largest managed cyber security service providers.
Established in 2003, Coresec offers integrated cyber security solutions and managed services to corporates and institutions. With more than 250 employees across seven offices and multiple 24/7 manned Network & Security Operation Centres, Coresec’s security experts provide relevant security advice and hands-on assistance to its diverse client base across Scandinavia and the Netherlands.
Carsten Hagenbucher, Managing Director in Investcorp’s Corporate Investment team in London, says: “A key pillar in our investment thesis when acquiring SecureLink in December
AT&T Inc has appointed Geoffrey Yang to its Board of Directors. Yang is a founding partner and managing director of venture capital firm Redpoint Ventures. He will serve on the company’s Corporate Development and Finance Committee.
“Geoff has an outstanding track record in technology and emerging forms of media and entertainment,” says Randall Stephenson, chairman and CEO of AT&T. “His extensive experience in these areas is a terrific fit with AT&T and we look forward to his contributions as a member of the board.”
Yang joined Institutional Venture Partners (IVP) in 1987 and co-founded Redpoint in 1999. Redpoint and its
Private equity firm Arlington Capital Partners (Arlington) has acquired EOIR Technologies (EOIR), a provider of technology solutions to the Department of Defence and Intelligence Community.
EOIR has 35 years of experience providing advanced solutions in cloud computing, big data analytics, advanced visualisation, C4ISR, spectrum-related information dominance, smart sensing, training and simulation, and rapid prototyping. EOIR has approximately 400 employees in 11 U.S. offices as well as client sites domestically and overseas. In the last year, the Company has won prime positions on several large contract vehicles including Technical Information Engineering Services (USD995 million ceiling with US Army CERDEC), Electromagnetic Maneuver
Arnoud Willems, International Trade partner at the law firm Sidley Austin, comments on the impact of the Leave vote on trade treaties and UK exports…
“While nothing is going to change overnight, if UK companies relying on exports haven’t started the planning process for a post-Brexit then they need to right now. Import duties on goods coming from the UK could be introduced within two years and so companies need to start thinking about negotiating a longer transitional settlement.
“In terms of trade deals, the UK is now in a position to negotiate better deals, more tailored for its market.
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