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Doug Peper (pictured) has joined early-stage venture firm Shasta Ventures as a managing director. Pepper brings a wealth of experience in the SaaS and mobile spaces, and is a powerful addition to Shasta’s proven investment team.
Pepper has focused on investing in SaaS and mobile companies that help enterprises optimize their relationships with customers. From marketing and sales to advertising and customer success, he has invested in nearly a dozen SaaS companies in these areas.
Pepper was the first investor in Marketo in 2006, which is now leading the marketing automation space as a public company. Pepper was also
Omnes Capital has sold a European portfolio of more than 100 MW of renewable energy assets via its Capenergie funds to EOS Holding, a Swiss player in the new renewable energy sector.
This acquisition will enable EOS Holding to increase its capacity in renewables, particularly at the level of ground-mounted solar power plants.
The portfolio consists of four wind farms and four solar power plants located in France and Portugal. It was built up between 2010 and 2013 and is a good example of the Capenergie funds’ investment approach, which consists of developing new renewable energy generation capacity in
Fund governance firm DMS Offshore Investment Services (DMS) has recruited David Morrissey, former Managing Director of SEI Investments Global Fund Services to serve as Executive Director with its Dublin team.
He will lead all aspects of client service delivery across multiple product lines and will also serve as an independent director on Irish and Luxembourg funds.
DMS Chief Executive Officer Anne Storie, says: "David comes to DMS with a remarkable track record of success in product development and client service in the alternative investment fund industry. His expertise and insights in areas such as AIFMD and UCITS are well
Overall, 2015 witnessed a movement towards larger European private equity deals, with total deal value increasing by 38.4 per cent, while total volume slipped by 9.7 per cent. As a result, average deal value increased by 53.2 per cent.
That’s according to the Q4 2015 unquote” European Private Equity Barometer, published by unquote” in association with SL Capital Partners, which reveals that the number of European private-equity-backed deals declined by 9.1 per cent in the fourth quarter of 2015, from the 396 transactions seen in the previous three months to 360 transactions. Combined deal value also declined, slipping by 11.6
Questback, a specialist in enterprise feedback management which is 70 per cent owned by private equity firm Reiten & Co, increased enterprise revenues by 40 per cent in 2015.
Greater sales were driven by the growing importance of feedback to business competitiveness, the strength of Questback’s powerful, cloud-based platform, and its strategic partnership approach.
To further accelerate its growth, as of February 2016 Questback CEO Frank Møllerop will be based in an expanded New York City office, from where he will lead company operations. This reflects the importance of North America to Questback’s growth strategy, and the company’s increased
Private equity firm OpenGate Capital has strengthened its bench of professionals with the hire of Desmond Nugent as a Principal, overseeing the operations of the firm’s North American portfolio companies.
Nugent was most recently a Principal with The Gores Group and will be working from OpenGate Capital’s Los Angeles headquarters.
Andrew Nikou, OpenGate Capital’s founder and managing partner, says: “Desmond is a world-class, tenured investment professional who brings with him incredible leadership and operational strengths that will be integral to our acquisition and operations strategy. In his role, Desmond will be a valuable leadership resource for our in-house operations
Lovell Minnick Partners, a private equity firm specialising in financial services and related business services companies, today announced the addition of three investment professionals to the staff in its Los Angeles and Philadelphia offices.
Benjamin Kaplan has been appointed a Vice President in Los Angeles, where Steven Korff also joined the firm as an Associate. Greg Dutov is a new Associate in the Philadelphia office.
“We are excited to welcome Ben, Steven and Greg to Lovell Minnick Partners,” says Jeffrey D Lovell, Co-Chairman of Lovell Minnick Partners. “These new hires reflect the strong commitment we have to growing our
LGT Capital Partners has held the final close of Crown Europe Middle Market III (CEM III), its third investment program focused on European middle market buyouts, with total subscriptions of EUR500 million.
The program’s investor base consists of 34 institutions, including government pension funds, corporate pension funds and insurance companies in Australia, Belgium, Japan, Korea, the Middle East, the Netherlands, Spain, Sweden and Switzerland. CEM III has already committed EUR 237 million to nine private equity funds on a primary basis, seven secondary transactions and five co-investments.
Tycho Sneyers, Managing Partner at LGT Capital Partners, says: “Institutional investors have
After private equity activity levelled off in 2015, industry leaders have moderated their expectations for the coming year, according to the seventh annual PErspective Private Equity Study by BDO USA
Ninety-five per cent of firms plan to close five deals or less within the coming year, a slightly higher projection than last year's survey, when 87 percent of respondents said they would close no more than five deals. Overall, the study found that firms are largely planning to replicate 2015 investment levels and priorities in 2016 as they wait out current economic fluctuations.
Investment levels are also more conservative,
A recent spate of stock buyback programs in the alternative investment management (AIM) sector could have modest impacts on liquidity and leverage, according to Fitch Ratings.
Three firms have recently implemented share repurchase programs in an effort to improve their public stock valuations. Repurchase activity has been rare in the sector, given relatively limited float, but others could follow suit should they see a benefit to peer valuations.
In October 2015, KKR & Co. LP (KKR) authorised a USD500 million share repurchase plan. Last week, Apollo Global Management, L.P. (Apollo) and Fortress Investment Group LLC (Fortress) announced they would
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