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Private equity funds managed by Blackstone and KIRKBI are to acquire Armacell,a manufacturer of flexible foam products for equipment insulation and technical applications, from Charterhouse.
The company operates within two main businesses, Advanced Insulation and Engineered Foams. The Advanced Insulation business develops flexible foam products for the insulation of mechanical equipment in a range of end markets where energy distribution is required, such as commercial and residential construction, industrial applications, and the oil and gas industry. The speciality insulation products are primarily used for air conditioning and plumbing pipes. The second division focuses on speciality light Engineered Foams for use
Hawksford is now able to provide a full range of trust services to both private and corporate clients in the Cayman Islands, having secured a Trust Licence from The Cayman Islands Monetary Authority.
Hawksford director Steve Robinson (pictured), who will help to build Hawksford’s name in the Cayman market, says the trust licence represents a milestone for the international corporate, private client and funds business. With this expansion into Cayman, Hawksford can now offer fiduciary services to clients from Europe, Asia and the Caribbean.
‘We are delighted that Hawksford now has operating capabilities in the Cayman Islands, this is
On 28 August 2015 Aberdeen Asset Management PLC launched a USD500 million liquid alternatives fund – the Aberdeen Alternative Strategies Fund – designed to give investors access to a portfolio of alternative strategies. At the time, Morningstar quoted Andrew McCaffery, global head of alternatives at Aberdeen as saying: "Alternative investment strategies are becoming increasingly central to client portfolios and moving into the mainstream. This is why we have seen such strong demand for this fund. Many investors are constrained by complexity, liquidity, transparency and regulation."
This follows Aberdeen's acquisition of leading fund-of-hedge-funds manager Arden Asset Management and is just one
Noerr has advised the SDAX company SAF-HOLLAND SA on taking up a promissory note loan for EUR200 million. The Noerr team was led by the Noerr partners Dr Martin Kleinschmitt and Dr Nikolai Warneke.
The promissory note loan was placed with institutional investors in Germany and abroad. It was arranged by a banking consortium consisting of Commerzbank Aktiengesellschaft, HSBC Trinkaus & Burkhardt AG, IKB Deutsche Industriebank AG and UniCredit Bank AG.
For financing and capital market transactions, SAF-HOLLAND regularly relies on the legal advice from Noerr. In October, a team led by Martin Kleinschmitt and Nikolai Warneke also legally
Investment company Kinetix, a specialist in disruptive technologies, is teaming up with Formula E to launch Roborace, a new motor racing championship for dirverless electric powered cars.
This new championshiwill provide a competitive platform for the autonomous driving solutions that are now being developed by many large industrial automotive and technology players as well as top tech universities.
The plan is for Roborace to form part of the support package of the FIA Formula E Championship, with the first race intended to take place during the 2016-2017 season. Roborace is aimed to take place prior to each Formula E
Private equity funds managed by Blackstone and KIRKBI A/S are to acquire Armacell, a manufacturer of flexible foam products for equipment insulation and technical applications, from Charterhouse.
The company operates within two main businesses, Advanced Insulation and Engineered Foams. The Advanced Insulation business develops flexible foam products for the insulation of mechanical equipment in a range of end markets where energy distribution is required, such as commercial and residential construction, industrial applications, and the oil and gas industry. The speciality insulation products are primarily used for air conditioning and plumbing pipes. The second division focuses on speciality light Engineered Foams
Barcelona-based pharmaceuticals company Almirall is to acquire one hundred per cent of the share capital of Poli Group Holding, the holding company of Poli Group, which comprises three operating companies – Taurus Pharma, Polichem SA and Polichem Srl.
Poli Group has a diversified and growing portfolio of proprietary and well-established drugs, focused on Dermatology and complemented with a strong portfolio of Gynaecology and Respiratory products, the latter promoted through distributors. The acquired brands include Ciclopoli, the flagship product that has led Poli Group to become a world leader in nail diseases (onychomycosis), a large and underserved market affecting approximately 10-15
Private equity firm Silverfleet Capital has agreed to sell Office Retail Group, a UK young fashion footwear retailer ,to Truworths International, a South African fashion retailer listed on the Johannesburg Stock Exchange, for GBP256 million.
The closing of the transaction, which is expected to happen in early December 2015, is subject to approval by the South African Reserve Bank.
Silverfleet invested in Office in December 2010 and over the last five years has worked with the management team to establish the company as the leading fashion footwear retailer. Under Silverfleet’s ownership, Office enhanced significantly its e-commerce offering, expanded its retail outlets
The SEC has charged a former Goldman Sachs employee accused of stealing nonpublic information in the firm’s e-mail system so he could trade illegally in advance of client mergers and make more than USD450,000 in illicit profits.
The SEC has obtained an emergency court order to freeze the assets of the trader and accounts he used to place the illicit trades.
The SEC alleges that Yue Han, who worked as an associate in Goldman’s compliance department and also goes by the name John Han, traded on confidential information contained in e-mails sent and received by Goldman investment bankers responsible
BaltCap portfolio company Impuls LTU, the operator of Lithuania’s biggest fitness chain Impuls, is to acquire Estonia’s Arctic Sport Clubs creating the first pan-Baltic fitness centre operator in the region.
The company signed a share purchase agreement with the Estonian chain operator on Wednesday. Sales of Arctic Sport Clubs are expected to reach EUR2.3 million in 2015.
Impuls LTU and Arctic Sport Clubs announced that Impuls LTU will acquire all of the outstanding shares of the company that owns the Arctic Sport Club chain. The acquisition will be financed by Nordea Bank and BaltCap Lithuania SME Fund and is
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