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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
Figures released by EMPEA show that between 2006 and Q3 2015, fund managers raised over USD432 billion via long-term, private direct investment funds, for the emerging markets of Africa, Asia, Europe, Latin America and the Middle East.
The investments, all backed by institutional investors, were across three asset classes – private equity, private infrastructure and real assets and private credit.
Robert van Zwieten, President & CEO of EMPEA, says: “The USD432-plus billion raised for private funds is a milestone for emerging economies and a significant achievement for fund managers putting capital to work in places most in need of
Pt Capital has held the initial close of its inaugural private equity fund, Pt Arctic Fund I with commitments of over USD125 million.
Pt Capital, a private equity firm headquartered in Alaska, is focused exclusively on the emerging market of the Arctic. The Fund intends to invest in and grow, companies in Alaska, Canada, Greenland and Iceland in a broad set of industries. A diversified group of global investors and Arctic indigenous-owned businesses have invested in the Fund.
Hugh Short, an Inupiat Eskimo, who serves as the Chairman and CEO, says: "Pt Capital connects regional stakeholders, indigenous businesses, and
Lonsdale Capital Partners, a private equity firm focussed on the smaller end of the market, has made its third hire of the year with the appointment of Richard Pindar as an Associate.
Pindar joins Lonsdale Capital Partners from KPMG where he trained and qualified as a Chartered Accountant in 2014. He spent time in Corporate Finance, working on transactions in a lead advisory role, and Transaction Services, where he performed financial due diligence on behalf of private equity clients.
He will be working across the business, focusing on deal origination and implementation, as well as supporting the existing portfolio
Excellere Partners, a Denver-based private equity firm specialising in partnering with entrepreneurs and management teams through recapitalisations and management buyouts, has hired Michael Geldart as Partner.
David Kessenich, Managing Partner and Co-Founder of Excellere Partners, says: “We are excited to welcome Michael to Excellere Partners. He is a strategic-minded, results-oriented leader with an entrepreneurial mindset. With his vast healthcare experience in legal, regulatory compliance and operations, Michael will be an extremely value-added team member to our current and future healthcare investments.”
Geldart has more than 20 years of experience in executive leadership, health law, and corporate development. Most recently,
Edge Investments, a creative industries investor, has raised a new £GBP0m fund, with UK Government support, to invest in high growth companies in the creative industries.
Edge’s new Edge Creative Enterprise Fund brings together private sector funding from leading institutions and high net worth individuals, with a significant investment from the Government’s British Business Bank.
Edge Creative Enterprise Fund’s purpose is to nurture and assist creative businesses to grow. By their nature, many of these companies start with a small number of employees, and a high degree of entrepreneurial flair. Edge provides the crucial capital and mentoring skills to
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