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Dunedin backed Hawksford has received formal permission to operate in the Caribbean region with the award of a full Trust Licence that will enable the business to provide a wide range of trust services in the Cayman Islands.
This move reinforces the company’s ongoing commitment to client choice through building a network of jurisdictions around the globe. Following this expansion into the Cayman Islands, Hawksford can now offer a choice of fiduciary services to clients from Europe, Asia and the Caribbean.
Hawksford was backed by UK mid-market private equity house Dunedin in October 2008. Since then, it has pursued
Funds advised by CVC have entered into a partnership with GIC and will become a co-shareholder in the RAC through the purchase of Carlyle Group’s stake in the association.
The investment was made from CVC’s Strategic Opportunities Platform, established in response to growing demand from large investors to be able to invest for the long term in stable, high quality businesses, and this will be its first investment.
The RAC is the second-largest roadside assistance provider across the UK and has approximately 8.6 million members as of 30 September, 2015. Committed to quality service and innovation over 118 years,
Mentorship accelerator VentureScaleUp is partnering with the online investment platform Florida Funders to provide access to seed capital to support the startup companies accepted into its 2016 Spring and Fall programs.
The accelerator is leveraging the highly selective Growth Accelerator Fund award it recently received from the US Small Business Administration as well as access to the large number of Florida accredited investors on the Florida Funders platform. Additionally, the accelerator opened applications for its 2016 Spring program.
VentureScaleUp launched a pilot program in August with seven startups. The program provided one-on-one mentoring with successful entrepreneurs who have previously
Private equity firm Monomoy Capital Partners has appointed Phil Arra as a Managing Director and the Head of Business Development. Arra will focus on sourcing Monomoy investments from corporate sellers, family owners, specialised intermediaries and other business owners.
Arra has over 20 years of private equity and investment banking experience in the middle market. He joins Monomoy from Terra Verde Partners, a private investment firm focused on acquiring businesses in the environmental sector. Before founding Terra Verde, Mr. Arra was a Managing Director with Hunt Special Situations Group where he focused on corporate divestitures, restructuring and turnaround investments. Prior to
Application intelligence company AppDynamics has secured USD158 million in growth financing from new investors led by General Atlantic and Altimeter Capital, with participation from Adage Capital, Industry Ventures, Goldman Sachs, and Cross Creek Advisors.
Existing investors IVP, Greylock Partners and Lightspeed Venture Partners also participated in the round.
“Virtually every business in every industry is going through a digital transformation to stay competitive and AppDynamics is at the heart of this transition,” says David Wadhwani, president and CEO of AppDynamics. “We are excited to partner with General Atlantic and Altimeter Capital, as well as our other investors, as we
Clearpool Group has received an USD8 million investment from growth equity firm, Edison Partners. Clearpool is an, electronic trading software development and agency execution business, serving the institutional sell-side and professional trading firms.
“Our business has recorded a significant influx of new clients this year because we are providing tools in the cloud that enable them to gain control in their electronic and algorithmic trading infrastructure,” says Clearpool Group CEO, Joseph Wald. “This minority investment from Edison Partners validates our value proposition and capabilities. It will also act as an accelerant for faster development of technological solutions demanded by our
Värde Partners has announced senior management changes and the opening of new offices in New York, Tokyo and Sydney as part of a strategic plan to build out its global investing platform across a range of asset classes and liquidity profiles.
Co-founder Marcia L. Page, currently co-CEO/CIO, will become Chairman, and George G. Hicks will remain as Värde Partners’ sole CEO/CIO, effective 1 January, 2016. Bradley P Bauer will remain President.
“Founded on the premise of unlocking incremental value from complex situations, Värde Partners has grown over the last 20 years to become a diverse and global investment adviser
Main Street Capital Corporation has purchased an equity stake in fixed-income, alternative investment firm Looking Glass Investments (LGI) and invested directly in private investment vehicles managed by LGI.
“By any measure, Main Street is a top-tier business development company and their investment represents an important recognition of what we have accomplished,” says Matthew O’Malley, President and Chief Operating Officer. “Main Street’s investment capital will be used to support the ongoing development of our underwriting technology, our data management, and our rigorous investment research process managed by our team of Ph.D. economists.”
“We are pleased to become a strategic partner
Milbank, Tweed, Hadley & McCloy has advised private equity firm Farol Asset Management and a group of investors in acquiring a minority stake in the women’s designer ready-to-wear apparel company Cushnie et Ochs.
New York-based Corporate partner Brien Wassner led the Milbank team on the deal, which closed on 18 November.
Founded in 2011, Farol is a private equity firm that provides direct and co-investment solutions to leading institutional investors worldwide. The firm manages USD250 million in capital and, working alongside experienced operators, investors and funds, invests in a broad range of industries including, but not limited to apparel, consumer
Fried Frank’s new London-based asset management team has advised BlueBay Asset Management (BlueBay) on the raising of its Direct Lending Fund II, which has exceeded its revised target of EUR2 billion, completing the fund-raising in less than a year.
This Fund builds on very strong support from existing investors with over 80 per cent of its predecessor fund investors’ committing to the Fund. The Fund also attracted new investors globally.
This Fund is BlueBay’s second generation Private Debt fund, and BlueBay’s Private Debt business, headed by Anthony Fobel, now manages in excess of EUR4 billion of AuM in Private
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