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Kayon Partners, founded by Stephen Garrow, David Vogel and Timothy Mitrovich, has partnered with LeoGroup as sub-advisor to the LeoGroup Private Investment Access (PIA).
The arrival of Kayon Partners coincides with LeoGroup's expansion of its capabilities to service ultra-affluent individuals within LeoGroup's Multi-Family Office (MFO) platform. Their focus will be on private investments, special venture situations, and overseeing and expanding the LeoGroup PIA platform.
Kayon Partners is already seeking and beginning to invest in companies and technologies across various industries disrupting their markets through innovation.
"I'm very pleased that Stephen, David and Timothy have joined our team. We are very
Alternative investment manager Franklin Square Capital Partners” (Franklin Square) business development company (BDC) direct lending platform committed over USD370 million to private deals in the first quarter of 2016.
This marks the 14th consecutive quarter the platform has provided more than USD250 million in direct commitments.
New directly originated deals during the quarter were made in support of eight existing portfolio companies headquartered in five different US states.
"Despite credit market volatility this quarter, the flexibility of our funds' structure allowed us to seek out the best risk-adjusted returns for our shareholders by investing where we saw the most compelling
StepStone Group is to add an established team of infrastructure investment specialists who have been advising leading global investment institutions for more than 10 years.
The infrastructure and real assets team that established KPMG’s institutional investment advisory business in 2011 will be joining StepStone. This will increase StepStone’s infrastructure and real assets team to over 20 investment professionals globally, operating out of La Jolla, London, New York, Perth, Sydney, and Toronto.
In addition, James O’Leary, head of the KPMG team, will become the Head of StepStone Infrastructure & Real Assets. Prior to KPMG, O’Leary was Head of Colonial First State
The Riverside Company has promoted Patrick Schaich to Principal, Origination. Schaich leads origination efforts for the firm in the DACH region.
Schaich joined Riverside in 2013 and works out of the Munich office. Prior to joining Riverside, he was Vice President, Investment Banking at Berenberg Bank. Prior to that, he served as Associate, Investment Banking at Kepler Cheuvreux and Consultant, Transaction Advisory Services at Ernst & Young.
“Patrick has delivered a number of superb opportunities for Riverside,” says Lars Eriksson, Managing Director and Head of European Origination. “He’s been a tremendous asset as we strive to find the best deals
Ogier has provided Jersey law advice on the acquisition by Luxembourg-based satellite operator and provider SES SA of a controlling stake in satellite operator O3b.
SES SA will pay USD 20 million to increase its fully diluted ownership of O3b from 49.1 per cent to 50.5 per cent, bringing its aggregate equity investment in O3b to date to USD 323 million (EUR 257 million). On completion, SES will consolidate O3b’s net debt, which is currently USD 1.2 billion. The transaction is subject to regulatory approvals.
A registered Jersey company, O3b, described as a “unique, game changing global solution”, operates a
Denver-based private equity firm Lariat Partners has made a significant investment in Willowood USA, a leading manufacturer of generic crop protection products, to further expand its product portfolio and market expansion.
“The strategic investment that Lariat Partners has made in our company will rapidly fuel our growth and presence in U.S. agriculture,” says Brian Heinze, Willowood USA’s President and CEO. “We have experienced excellent growth these past five years and this investment from Lariat will ramp up our expansion and broaden our presence in markets that we have not yet penetrated.”
Vijay Mundhra, Co-Founder of Willowood USA, says: “Lariat is
Midwest boutique investment bank XMS Capital Partners (XMS) has launched XA Investments LLC (XAI) to provide a platform in the registered funds space for alternative investments.
The firm has hired Kimberly Flynn as Managing Director of Alternative Investments and John McGarrity as Managing Director and General Counsel to build the XA Investments business. Flynn joins the firm from Nuveen Investments where she served as the Head of Product Development for the Global Structured Products Group which is responsible for the development and management of the firm’s closed-end fund complex. McGarrity joins the firm from River Branch Holdings, where he served
Antares Capital is serving as administrative agent, joint lead arranger and joint bookrunner on a USD198 million senior secured credit facility to support the acquisition of Interstate Hotels & Resorts by Kohlberg & Company (Kohlberg).
Interstate, headquartered in Arlington, Virginia, employs more than 30,000 highly skilled individuals worldwide and oversees operations at 425 properties located in 40 states and the District of Columbia, as well as nine countries outside of the United States. Interstate is the leading player in its rapidly growing segment of the hospitality industry, which includes services to hotels, resorts and conference centres.
“The team at Antares
Golden Gate Capital (GGC) has made a substantial minority equity investment in Sard Verbinnen & Co (SVC), a strategic, financial, and crisis communications firm.
The partnership and capital infusion are expected to help accelerate SVC’s growth plans and capitalise on its leading market position. SVC’s 24 partners, led by co-founders Paul Verbinnen and George Sard, will continue to manage the Company; GGC will not be involved in the day-to-day management of the firm or its client matters. Terms of the transaction have not been disclosed.
“We have known SVC for more than a decade and we have always been very
The Aurelius Group started the 2016 financial year very successfully with total consolidated revenues for the first quarter of 2016 increasing by 58 per cent year-on-year to EUR686.4 million (Q1 2015: EUR433.9 million).
At EUR2,640.6 million, consolidated revenues on an annual basis exceeded the prior-year figure by 52 per cent (Q1 2015: EUR1,735.6 million).
EBITDA for the combined group increased significantly in the first quarter of 2016 to EUR101.2 million (Q1 2015: EUR15.8 million). This figure includes income from the sale of Group entities in excess of the carrying amount of EUR57.6 million (Q1 2015: EUR0 million) from the
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