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Resilience Capital Partners has closed its latest fund at its USD350 million hard cap. The target for Resilience Fund IV L.P. was USD300 million.
Investors of the over-subscribed fund include pension funds, insurance companies, foundations and endowments, fund of funds, wealth managers and investment consultants.
Cleveland-based Resilience Capital invests in lower middle market special situations, in businesses with USD25 to USD250 million in revenues. Griffin Financial Group acted as financial advisor and placement agent.
The Russia-Chinа Investment Fund (RCIF) has acquired 23.1 per cent of JSC Detsky Mir from CJSC DM Finance, a subsidiary of Sistema JSFC, a publicly-traded diversified holding company. The total consideration of the transaction is RUB9.75 billion.
Under the terms of the agreement, significant funds from the transaction will be invested in expanding Detsky Mir’s nation-wide network of stores and further developing its logistics platform. This will also extend its modern sales and distribution channels for children’s products throughout Russia and the CIS. Additionally, the Group is considering opportunities for international expansion in the mid-term perspective.
Kirill Dmitriev, CEO of
Middle market private equity firm Peak Rock Capital has appointed Carsten Beck as a Principal in its Brussels, Belgium office. In this role, Beck will oversee the firm’s business development group in Europe, helping to manage relationships and oversee the firm’s transaction sourcing efforts in the region.
Peak Rock has experienced tremendous growth since closing its inaugural fund in 2013. The Firm has since completed ten platform acquisitions and has hired twenty-five investment professionals in North America and Europe. “We are extremely proud of the outstanding team of professionals that we have built," says Anthony DiSimone, Chief Executive Officer of Peak Rock. "We are
Palamon Capital Partners has elected Alexandre (Ali) Rahmatollahi to the Partnership.
Rahmatollahi joins Palamon from Morgan Stanley where he spent nearly eight years in its Investment Banking division, most recently as an Executive Director with responsibility for Financial Sponsor coverage. Prior to that he was an Engagement Manager at McKinsey & Company in its General Strategy Consulting and Private Equity Practices. A Swiss-Persian national, Ali graduated from Boston University as a NCAA First Division All-American Athlete with a degree in Business Administration. He later received an MBA from Columbia University.
Louis Elson, Managing Partner of Palamon Capital Partners, says:
Mambu, the SaaS banking platform provider, has raised EUR8 million in the company’s latest funding round led by Acton Capital Partners and CommerzVentures with participation also coming from existing investors.
Mambu says it will use the funding to accelerate its expansion following three times year-on-year growth over the last 12 months.
“This latest funding round is a testament to our growing client base and increasing market needs for a cloud banking platform,” says Eugene Danilkis, CEO of Mambu. “We are building out the product and onboarding customers in multiple geographies and are excited that this new capital will allow
Israeli high-tech exits generated USD9.02 billion in proceeds in 2015, the highest total in the last three years, and 16 per cent above proceeds in 2014.
A hundred and four (104) exits were made in 2015, 10 per cent down from 2014 figures, while in line with the 10-year average of 100 deals. The average exit deal reached USD87 million in 2015, up from the USD62 million 10-year average.
The top three exits in 2015, each above USD500 million, jointly accounted for 30 per cent of the total exit proceeds. The USD1.25 billion acquisition of Fundtech by D+H, an international
Ipes, a provider of outsourced services to Private Equity in Europe, has made two senior appointments to help support the continued growth of the business.
Andy Pitter has been appointed as Head of Ipes in Jersey, while Nigel Strachan, who was previously Managing Director of Ipes in Jersey, becomes Group Head of Business Development.
Pitter joins Ipes from Kleinwort Benson where he worked for more than 30 years, 20 of those as a Director. He has worked with a variety of private equity, real estate and debt fund clients.
Strachan will continue to be based in Jersey but
Dentons, the global law firm, has added Jennifer R Williams as a partner in the firm's Corporate group.
Williams joins as one of the leaders of a new program focused on providing a comprehensive package of legal services to private equity portfolio companies and similar companies. This new and unique service is designed to provide cost savings as well as risk management tools for clients at both the portfolio company and private equity firm levels. Although the service is primarily focused on private equity clients, it has applications in other businesses.
The new program will draw upon the talents of
International aircraft leasing company Avolon has completed its merger agreement with Bohai Leasing. As a wholly-owned subsidiary of Bohai, Avolon’s shares have now ceased trading on the New York Stock Exchange (NYSE).
Avolon CEO, Dómhnal Slattery, says: “The completion of our acquisition by Bohai is an exciting step in the development of Avolon. We are delighted to be part of Bohai and the wider HNA Group who share our ambitious growth plans. With a fleet of over 500 aircraft, we are now the world’s fourth largest aircraft leasing firm.
“The Avolon management team remains committed to the business and
Omnes Capital and Parquest Capital are selling their stakes in Vivalto Santé to a group of investors led by CDC International Capital and including Mubadala, insurer MACSF and Daniel Caille, Vivalto Santé's chairman and founder.
Vivalto Santé's management, long-standing non-controlling shareholders BNP Paribas Développement, Crédit Mutuel Arkéa and Unexo, and its practitioner-shareholders are retaining their interest in the company and taking part in this new funding round.
Vivalto Santé was created by Daniel Caille – supported from the outset by Omnes Capital and Parquest Capital – through the acquisition of Brittany-based group Cliniques Privées Associées (CPA) in 2009.
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