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Arma Partners (Arma), an independent communications, media and technology (CMT) focused M&A advisory firm, has strengthened its global advisory capabilities with the appointment of Ron Pillar as a partner spearheading the firm’s New York operations.
Pillar has over 20 years of investment banking experience in the CMT sector and during his career has advised on deals worth over USD50 billion, with a particular specialisation in Software and Communications Technology.
Prior to starting his role at Arma, Pillar headed up Pillar Capital Advisors, an independent, technology-focused M&A advisory firm he founded in January 2014. During his two years leading Pillar
Sumo Digital has announced Nottingham as the location for its second UK and third global studio. Sumo, backed by private equity firm NorthEdge Capital, is a creator and developer of video game products and services, working on the world’s largest brands and franchises for leading publishers and platform holders across Europe, US and Japan.
Opening at the end of March 2016, Sumo’s second UK studio aims to employ 50 people in central Nottingham, joining a team of 280 people at the firm’s existing offices in Sheffield, UK and Pune, India.
CEO of Sumo Digital, Carl Cavers, says: “Opening the new
Lewis & Clark Ventures, a venture capital firm founded by Tom Hillman, has raised USD104 million for a new fund that has already begun making investments in high growth companies across the Midwest.
“We are entrepreneurs and have grown successful businesses,” Hillman says. “Our model is to pass on our experience by building mentoring relationships with people and help to guide and accelerate their growth.”
The new fund will focus primarily on Series A and B round venture capital investments in the size of USD3 to USD7 million to high growth companies. “We are interested in companies with customers
FRP Advisory, the business advisory firm, has acquired Litmus Advisory, the debt advisory firm and specialists in structuring finance for companies and private equity firms looking at asset based lending (ABL).
The arrival of a specialist debt advisory team is part of FRP Advisory's continued incremental expansion of its services from offering both restructuring solutions for companies, lenders, and investors to advice for companies looking to raise finance as part of an organic growth or mergers and acquisitions strategy.
The three directors of Litmus Advisory, Dave Edwards, Nick Grainger and Andy Dimmock, join FRP Advisory as partners based in the firm's London office. They will continue to
State Street Corporation’s GX Private Equity Index(PEI), a benchmark for comparative analysis of private equity performance, saw an overall return of -1.37 per cent in Q3 2015, it’s first fall in three years.
“The third quarter marks an abrupt end to an uninterrupted, 12-quarter streak of positive returns, the longest winning streak in the 20-year history of our Index,” says Will Kinlaw, senior vice president of State Street Global Exchange. “With growing uncertainty about the global economy and a big spike in public capital market volatility over the past six months, it’s no surprise that the private equity market is
Chubb has created a new Private Equity Practice to provide specialised insurance solutions to US and Canadian private equity firms and their portfolio companies.
Seth Gillston, the Executive Vice President who previously had been named to lead the practice, will manage a team of underwriters with deep industry knowledge and M&A expertise. The team will deliver a broad suite of products and services in the following areas: Primary Casualty (guaranteed cost and loss sensitive); Foreign Casualty; Excess Casualty; Middle Market Package (with global capabilities that can be tailored to industry segments); Property and Specialty; Environmental; Professional Liability; Management Liability; Surety;
The median discount to net asset value (NAV) for investment trusts and companies in the UK listed space narrowed over 2015 from 7.5 per cent to 6.6 per cent, according to research from investment trust research company QuotedData.
The median discounts of the differing classes of UK trusts all followed a similar pattern of widening in the run up to May’s general election, reflecting heightened uncertainty. This was followed by a period of narrowing once a Conservative victory had been confirmed, which was generally considered to be the preferred outcome for UK businesses.
The shift was most apparent for
The Central London private hospital market is opening up to a new breed of small, highly specialised provider, according to the latest research from healthcare analyst LaingBuisson.
Findings published in the updated Private Acute Medical Care in Central London show that theatre capacity in the capital’s private hospital sector is set to increase by around 10% this year as a number of small, ‘super-specialty’ clinics become operational. Although not a dramatic increase in terms of market-size, the new models of care being adopted by these operators could present a challenge to incumbent providers as they seek to build brand awareness
MMC Ventures has appointed Jon Coker, an MMC team member for nine years, as Managing Partner to share the responsibility of the day-to-day running of the business with Founder and Managing Partner Bruce Macfarlane.
Since joining MMC in 2007 from JP Morgan, Coker has been influential in a number of successful investments, with the successful exit of Total Mobile the most recent. Coker also sits on the board of a number of high profile MMC portfolio businesses including SafeGuard, Gousto and CloudSense and was nominated for Investor of the Year at 2015’s Investor Allstar Awards.
MMC has also enlisted
BGF (Business Growth Fund) has exited its investment in Plastique, a manufacturer of thermoformed plastic and pulp packaging after the company was acquired by TEQ, an Illinois-based thermoformed packaging company and subsidiary of NYSE-listed ESCO Technologies, for an undisclosed sum.
Minority shareholder BGF invested GBP5 million in Plastique in July 2014. The company designs and manufactures packaging for customers in the personal care, household products, pharmaceutical, food and broader retail markets. With BGF’s support, Plastique became the first European manufacturer of smooth surfaced thermoformed pulp packaging.
Headquartered in Tunbridge Wells, Plastique invested BGF’s capital to build its thermoformed pulp
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