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Private equity firm Lotus Innovations has added Ommid Bavarian to its executive team as Chief Financial Officer. Bavarian joins Lotus as the firm continues its drive into the private equity market with a highly successful Fund I, and a tripling of its soon-to-close Fund II.
The addition of Bavarian, who brings a diverse mix of operational, technical and strategic accounting skills to the role, will help Lotus continue to acquire, grow, and exit undervalued software and services companies.
Christian Mack, Managing Director of Lotus Innovations, is enthusiastic about the addition of Ommid to the team. “Ommid shares Lotus’ passion for
Three private equity experts are partnering to form LendTech Capital Partners (LendTech), a new investment advisor focused on private equity strategies within the marketplace lending industry.
LendTech has been established pursuant to a joint venture between affiliates of Liberum, a London based investment bank who conceived Europe's first institutional investor in marketplace loans in 2013 and has raised over USD1.9 billion for marketplace lending funds and platforms; Ranger Alternative Management II, LP, an investment advisor which manages two leading direct lending funds, The Ranger Specialty Income Fund and the Ranger Direct Lending Fund, the latter which is publicly traded on
Private equity and venture capital in ex-US developed markets and emerging markets delivered negative returns in the third quarter of 2015, but managed to outperform public markets in those regions substantially, according to Cambridge Associates.
The Cambridge Associates LLC Global ex US Developed Markets Private Equity and Venture Capital Index returned -0.6 per cent for the quarter ending September 30, 2015, as measured in US dollars. Its public market counterpart, the MSCI EAFE, fell -10.2 per cent over the same period – a much steeper decline. The Cambridge Associates LLC Emerging Markets Private Equity and Venture Capital Index posted a
The corporate team in Clyde & Co's Tanzania office has advised Silafrica Plastics and Packaging International Limited on the successful investment by AfricInvest Fund III.
Silafrica has operations in Tanzania, Kenya, Ethiopia, Uganda and India. The group has been operating since the 1960s providing plastics and packaging solutions to a wide variety of sectors.
Prior to the investment, Silafrica was wholly-owned by the Sumaria Group, a conglomerate with interests in numerous industries across Africa.
The Clyde & Co team acting on this transaction (as both international counsel and local Tanzanian counsel) was led by Michael Strain and included
Ridgmont Equity Partners’ prtfolio company APE Companies (APE) has acquired Corrosion Specialties, Inc, a full service distributor of corrosion control equipment and consumable products to the transportation, manufacturing, and energy industries.
CSI will continue to operate a distribution centre in its Duluth, Georgia, headquarters and a distribution centre in Jacksonville, Florida. Financial terms of the transaction were not disclosed.
“CSI has been a well-respected name in the abrasives business for fifty years and we’re very excited to welcome the team to our family of companies,” says Kevin Willis, CEO of APE Companies. “This addition to our partnership will further propel
State Street research reveals that nearly two thirds (59 per cent) of institutional investors globally are set to increase their allocation to private equity over the next five years.
However, a further 15 per cent of institutional investors said their exposure to private equity is likely to decline over the same period. The firm writes that private equity assets under management reached a new high of USD2.4 trillion in June 2015.
Alternatives are seen as key to boosting returns, with 46 per cent of asset owners planning to increase their exposure. However, if the private equity industry fails to
Wealth management firms Mercer Advisors and Kanaly Trust are to merge to create a combined company will assets exceeding USD8 billion under management, making it one of the largest independent wealth managers in the United States.
Terms of the private transaction have not been disclosed.
The combined company will be led by David H Barton (pictured), Chief Executive Officer of Mercer Advisors. Mercer Advisors was acquired by Genstar Capital, a private equity firm, last year. Kanaly Trust is owned by Lovell Minnick Partners, a private equity firm that invests in the financial and related business services sectors, which will
Hastings Equity Partners (Hastings), a private equity firm focused on investing in lower middle market energy services and equipment companies, has made its fifth Fund III platform investment in Cactus Fuel.
Based in Midland, Texas, Cactus Fuel is a value-added distributor of fuel and lubricants to upstream and midstream customers throughout the Permian Basin. Founded in 2012, Cactus Fuel is recognised as a market leader in the most active shale play in the US and the firm utilises advanced technology to ensure best-in-class service for all of its customers.
"We are very excited to partner with Hastings and look forward
Digitech Venture Capital Fund (Digitech) has made its first venture capital investment in Texas startup SmartHome Hero.
SmartHome Hero is a home resource management (HRM) platform that delivers streamlined warranty management and repair service for homeowners while providing a digital advertising platform for builders, smart home products and manufacturers. Consumers gain improved home automation, energy savings, and home resale value.
Digitech, with its first close in Q4 2015, has wasted no time identifying quality technology deals. With offices in Houston and Austin, and a solid network of East and West coast funds, Digitech will leverage a team of incubators, accelerators,
Diamond Wipes International, a specialist in the contract manufacturing of private label disposable moist towels and sample packets has secures an equity investment from Nolan Capital, the family office of Peter Nolan, the former Managing Partner and current Senior Advisor to Leonard Green & Partners.
"This investment by Nolan Capital will help Diamond Wipes solidify over 20 years of our leadership in the disposable wet wipe industry. With the investment we plan a significant expansion of our manufacturing capability in the United States, enabling us to service our existing customers better and grow with new clients," says Diamond Wipes CEO
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