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DP World and the Russian Direct Investment Fund (RDIF) have launched a new joint venture company targeting ports, transportation and logistics infrastructure in Russia.
Sultan Ahmed Bin Sulayem, DP World Chairman and Kirill Dmitriev, Russian Direct Investment Fund CEO, have signed a document determining the key terms and principles of the joint venture in which DP World will own an 80 per cent shareholding with the remaining 20 per cent held by RDIF.
Under the name ‘DP World Russia’, the company will target marine, dry ports and logistics infrastructure in different parts of Russia.
‘DP World Russia’ is
Maslow Capital (Maslow), a provider of development finance in the UK, and TPG Special Situations Partners (TSSP), the dedicated credit and special situations platform of TPG , have formed a joint venture to leverage their collective expertise in the real estate lending sector.
The relationship will bring together the regional expertise, relationships and deal origination capabilities of Maslow and the global strength and resources of TSSP’s investment platform.
Maslow, established in 2009, is a leader in the UK residential property development finance market, providing Senior Stretch and Mezzanine Finance to experienced developers. TSSP has extensive experience with global public
Baltic region private equity and venture capital investor BaltCap has exited its investment in a the 18MW Tuuleenergia wind farm in Estonia and the 24MW Eurakras wind farm in Lithuania. These wind farms were acquired by Lietuvos energija, the Lithuanian state-owned energy group.
“BaltCap has always believed in the future of green energy and the wind farm investments matched well our investment criteria,” says Peeter Saks, Managing Partner of BaltCap. “As a private equity investor, our task was to be engaged in these projects during the development phase which was successfully completed in 2015 when both wind farms were commissioned.
For the third year in a row, Baird has posted record results for its Global Investment Banking business.
During 2015 Baird generated record revenues following previous record revenue years of 2013 and 2014, set new firm records in virtually every M&A advisory category – total revenue, number of closed deals, number of closed sell-side deals, total transaction volume and average fee per deal – and, increased debt advisory activity by 70 per cent with unique embedded leverage process.
With an increasing focus on growth sectors, over half of Baird’s 2015 capital raising activity was in Healthcare, Consumer and Technology
Increasing investor demand for returns that are uncorrelated to the overall market is driving growing portfolio allocations to alternative investments, according to research into private equity and real estate investment processing, by Cutter Associates.
Among the firms participating in the Cutter research, more than 90 per cent are now invested in alternative assets—an increase of 11 per cent over what CutterResearch reported in the spring of 2012. And virtually all participants are planning to increase these allocations.
Real estate and private equity assets are among the alternative investments in high demand. Half of the firms participating in the Cutter
By Daren Glenister (pictured), Field CTO for Intralinks – Will 2016 be the year that businesses finally stop being their own worst enemies when it comes to data security? In 2015, incident after incident demonstrated that management and IT staff are largely oblivious to bad employee practices, such as the use of unsanctioned, consumer-grade file sharing apps. And, if they are aware of the behaviours, they’re often unaware of the associated risks.
A Ponemon Institute report found that more than 60 percent of C-level executives – including IT leaders – confessed to accidentally forwarding documents to people not authorised to
David E Barrett, a transactions lawyer with significant financial institutions experience, has joined Norton Rose Fulbright’s New York office as a partner. Barrett comes to Norton Rose Fulbright from Skadden, Arps, Slate, Meagher & Flom LLP.
Barrett’s practice focuses primarily on acquisitions and disposals, restructurings, securities offerings and other transactions involving financial institutions and financial services businesses. His transactional experience includes significant cross-border matters and acquisitions as well as divestitures of financial services firms operating on a global scale.
Barrett represents a wide range of clients, including global universal banks, investment managers, securities and investment firms, private equity and
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has reported rapid growth throughout 2015, including the expansion of its US market footprint into key geographies, and new strategic partnerships.
Continued demand for Abacus’s managed cloud service offerings has produced in excess of 50 per cent annual year-over-year growth, leading the company to expand its presence into several key geographies including Los Angeles, Dallas, and Charlotte, and most recently Boston. These new locations are dedicated to improving and providing support for Abacus’s private cloud products and services that hedge fund and private equity firms,
The 2016 Private Equity & Venture Capital Compensation Report shows that slower industry activity is reflecting in private equity and venture capital pay.
Although 65 per cent of professionals reported an increase in expected salaries and bonuses, the growth in cash compensation has slowed. This year's average compensation for private equity and venture capital professionals was USD272,000 USD, a slight decrease from last year.
This marks the second consecutive year of diminished correlation between bonus pay and firm performance. Respondents working in firms that were down 10 per cent or more, report anticipated bonuses averaging USD43,000 USD. This disconnect
Pamplona Capital Management (Pamplona) has named J Joel Hackney, Jr (pictured) as Chief Executive Officer (CEO) for the new company to be formed by the combination of MedAssets’ Revenue Cycle Management (RCM) with Precyse, a Pamplona-owned health information management (HIM) services, technology, and education company.
Hackney will assume his role following the completion of Pamplona’s acquisition of MedAssets, expected in late January. Hackney’s executive leadership team, also being announced, includes current key leaders from MedAssets and Precyse, providing continuity and legacy expertise as the businesses merge and expand offerings.
The acquisition of MedAssets (NASDAQ: MDAS), a leading healthcare performance
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