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Consumer electronics developer Netatmo has successfully raised EUR30 million in a funding round led by Legrand, a specialist in electrical and digital building infrastructures.
Existing investors Iris Capital, Ambition Numérique and Pascal Cagni also participated while Fred Potter and Netatmo’s other founders remain majority shareholders.
“Thanks to the quality of our products and our ability to conquer new markets, our turnover is constantly growing in our home market and internationally,” says Potter. “These outstanding results prove the relevance to our approach and the excellent capability of our teams. We welcome Legrand as our new investor and are very proud
Goodwin Procter has opened an office in Frankfurt, Germany, which will be led by Stephan Kock, Peter Junghänel, Marc Bohne and Lars Jessen who are joing the firm as partners.
“Goodwin’s consistent and measured growth continues to be driven by excelling at client service, attracting outstanding talent and expanding strategically in our focus practice areas and markets,” says David Hashmall, Chairman of Goodwin Procter. “Our entry into Germany is the latest step in this growth strategy. We are pleased to welcome this truly exceptional group of lawyers to Goodwin’s partnership.”
David Evans, Chair of Goodwin’s London office says: “As
Private equity firm Blackford Capital has appointed Jeffrey W Johnson as managing director.
Prior to joining Blackford, Johnson served as managing director for Gilbert Global Equity Partners, a billion-dollar private equity fund that was launched by Soros Quantum Funds alumni. A
s a key founding member of Gilbert, Johnson was involved in all aspects of the firm’s business and strategy and he originated, structured and closed several leveraged and growth-oriented platform investments up to USD150 million that were focused on building shareholder value both financially and operationally. He represented the firm’s interests as a board member and oversight member of
At a time of rising demands from US pension funds for proper disclosure and record US Securities and Exchange Commission (SEC) fines against private equity firms, LPs have given a clarion call for fees to be more clearly explained.
The Reputational Risk in Private Equity Report (RRiPE) 2015 surveyed the opinions of over 170 GPs and LPs on the hot topics of private equity fees and cyber security. With the storm over private equity fees showing no sign of abating, 98 per cent of LPs and 73 per cent of GPs agree that a standard for the reporting of fees
Seventy-four per cent of private equity fund managers made firm-wide increases in base salary from 2014 to 2015, according to Preqin’s 2016 Private Equity Compensation and Employment Review.
According to the survey of almost 200 private equity firms, the average increase in salary was 7 per cent, with 14 per cent of firms increasing base salaries by more than 10 per cent. Almost half (46 per cent) of firms increased their performance-related cash bonus pay-outs in 2014, up from 26 per cent of firms that increased bonuses in the previous year. The median bonus pay-out increase in 2014 was 20
The Public Sector Pension Investment Board (PSP Investments) has formed PSP Investments Holding USA in New York to focus on principal debt and credit investments led by industry veteran David Scudellari.
Scudellari has also been appointed as Senior Vice President, Head of Principal Debt and Credit Investments of PSP Investments.
"The leveraged finance landscape is currently in transition. With traditional capital providers having lost significant market share in the last few years, there is an attractive opportunity for a long-term investor such as PSP Investments to enter this trillion-dollar plus asset class through its US affiliate," says André Bourbonnais (pictured), President and CEO of PSP Investments.
Venture capital trust (VCT) provider Octopus Investments has launched a GBP30 million fundraise for Octopus Apollo Venture Capital Trust (Apollo VCT).
The new share offer for Apollo VCT comes just two months after Octopus Titan Venture Capital Trust (Titan VCT) launched a GBP50 million fundraising offer.
Launched in 2006, Apollo VCT seeks to invest in established, profitable companies with the aim of providing investors with a regular tax-free dividend income and has built a strong track record of delivering regular returns on an annual basis. It paid its first dividend in 2008 and since then has paid out a
Open source solutions provider Smile is in exclusive negotiations to acquire Open Wide, a move that will broaden the Smile’s offering while strengthening its position in the open source sector.
European growth private equity investor Keensight Capital, the majority shareholder in Smile alongside Edmond de Rothschild Investment Partners (Cabestan), has been working with Smile’s management team since the end of 2013, particularly by guiding the company in successfully deploying its external growth strategy.
Founded in 2001, Open Wide has built a rosta of blue chip clients, including Airbus, Thales, Safran and Samsung. The company employs nearly 150 people though
oOh!media Limited is to acquire 100 per cent of the share capital of Inlink Group Limited (Inlink) for USD45 million. The acquisition is in line with oOh!’s digital strategy of driving engagement with audiences through digital screens in high dwell time locations and will further drive oOh!’s digital market leadership.
Inlink formed in 2001, and has grown to be the market leader in premium CBD Digital Out Of Home market, with a network of more than 2,800 digital screens located in office towers, cafes and fitness centres.
The acquisition is expected to be immediately EPS accretive and will be
Hawksford has boosted its corporate and private client offering with the promotion of two managers with over 40 years’ combined industry experience to associate director roles – Christine Simpson in the private client team and Sian Huish in the corporate team.
Simpson, joined Hawksford as a manager within the private client team in April having previously worked for Capco Trust. She is a member of the Society of Trust and Estate Practitioners (STEP) with more than 25 years’ experience in the offshore finance industry. In her new role Simpson will have responsibility for driving Hawksford’s high standards of client service
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