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Texas-based private equity firm Teakwood Capital, has added hree executives to the firm’s team to support current and future portfolio growth.
“The team at Teakwood is excited to have recruited such strong talent to work alongside us as we experience continued portfolio growth and plan for future investment opportunities,” says Shawn Kelly, Managing Director at Teakwood Capital. “Each of these individuals brings a different skillset and area of expertise to the table which will provide a powerful advantage and enduring value to our portfolio companies.”
With more than 20 years of banking experience, Stu Bell has been hired as
Elian has appointed an associate director with more than 10 years’ experience in auditing, banking and finance has been appointed to oversee the fund services team in the firm’s Hong Kong office.
Kathy Cheng (pictured), who was educated in Australia and Hong Kong, brings extensive fund, alternative investment and auditing experience to the role. She joins Elian from Citibank NA, where she led an experienced team of fund accountants. Prior to this, Cheng held auditor positions with a bank and at big four accounting firms.
Graham Gurney, Chief Operating Officer of Elian in Hong Kong, says: ‘Kathy is a
Alibaba Group has launched its Entrepreneurs Fund for Hong Kong, which is aimed at entrepreneurs wanting to take advantage of the resources offered by Alibaba’s ecosystem in e-commerce, logistics, mobile platforms, cloud computing and financial services.
The Hong Kong Entrepreneurs Fund, a not-for-profit initiative, will invest in qualifying companies in the start-up, growth and expansion phases of the company life cycle. Qualifying businesses will leverage the platforms in the Alibaba ecosystem to offer products and services to mainland China and the world. HKD1 billion has been earmarked for the Hong Kong Fund.
A number of accomplished business and community
AECOM is to lead its the Energy Technologies Institute’s (ETI) Heat Infrastructure Development project, a GBP500k programme lasting approximately 12 months that will seek to identify the innovative solutions needed to deliver major reductions in the capital cost of heat network infrastructure and accelerate its deployment.
It will examine the technical, process and system developments needed to deliver a step change reduction in the capital costs, along with cost estimates and time frames for undertaking these developments.
District heat networks supply heat to homes and businesses through pipes carrying hot water. They have great potential to deliver CO2 emissions
The Ukrainian Redevelopment Fund (URF), a private investment fund advised by Soros Fund Management, is to acquire a significant equity stake in IT service provider Ciklum Holding Limited.
The transaction which will see URF acquires the entire stake held by Horizon Capital and an undisclosed portion of the stake held by Majgaard Holdings Ltd, is expected to close by the end of 2015.
Torben Majgaard, Founder and Chief Executive Officer of Ciklum, says: “Over the past 13 years, we have built Ciklum into an award-winning, innovative global IT service provider, with strong engineering capabilities and solid relationships with some
Law firm Paul Hastings has added restructuring and debt finance partner David Ereira to the firm’s London office as a partner in the Corporate practice. Ereira will be joining the firm from Linklaters.
Ereira, whose practice principally focuses on debt restructuring but also covers real estate finance, stressed and distressed real estate resolutions, and more general banking matters, will be joining Paul Hastings from Linklaters.
“The addition of a lawyer of David’s standing and stature will be a great asset for us as we continue to enhance the quality and reputation of our restructuring practice in London,” says Luc
Morgenthaler Private Equity (MPE) has recapitalised B&E Group which is comprised of two distinct business units, an original equipment manufacturing (OEM) group, which manufactures complex, machined components used in commercial aerospace, military and space applications, and a maintenance, repair and overhaul (MRO) group, which repairs commercial aerospace engine components. The Company is headquartered in Southwick, MA and Fort Myers, FL.
MPE partnered in the transaction with B&E Group's existing shareholders and senior management team, including Chief Executive Officer John Wilander and Chief Operating Officer Paul Tobias, both of whom will serve as members of the Company's Board of Directors.
Wax Digital (Wax), a UK-based eProcurement solution provider, has completed its sale to August Private Equity. Clearwater International advised the shareholders of Wax Digital on the transaction which sees Nova Capital exit the business.
Wax Digital is an independent Software-as-a-Service (SaaS) business which delivers Source-to-Pay solutions to mid and large-sized organisations around the world. The company provides 245,000 users in 102 countries with a horizontal solution which serves enterprise customers in e-procurement, usually helping customers to maximise savings in indirect spend, and is the only UK vendor to feature in Gartner reports for eSourcing and Purchase-to-Pay (P2P). Wax Digital’s accessible
Clearlake Capital Group has completed the acquisition of Syncsort Incorporated, a global enterprise software provider with a proven track record of successful acquisitions and technology innovation across the world’s most industrial-scale data platforms.
Financial terms of the transaction have not been disclosed.
Headquartered in Woodcliff Lake, NJ, Syncsort provides powerful, secure, enterprise-grade software that spans “Big Iron to Big Data,” including fast-growing analytical platforms such as Apache Hadoop, Splunk, Apache Spark, and the cloud, as well as more mature platforms such as the IBM z Systems mainframe.
“Our organic product investments and related software acquisitions over the last
eve – a new e-commerce venture launched to disrupt the sleepy mattress industry – has completed its GBP2.5 million Series A investment round, led by venture capital investors Octopus Ventures and DN Capital.
Octopus Ventures and DN Capital provided GBP1.25 million of funding each, on top of their initial contributions to the company’s seed funding of GBP600,000. The investment will be used to fund international expansion (into Germany and the USA), above the line advertising in the UK and a new product development launch.
eve, which aims to deliver quality mattresses direct to consumers at a fraction of high
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