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Backstop Solutions Group – a provider of cloud-based solutions designed to help the institutional investment industry save time, increase productivity and make better investment decisions – has partnered with Preqin Ltd.
With this partnership, Backstop users can now seamlessly integrate Preqin investor data into their Backstop CRM platform.
“Many of our clients are already using the Preqin database to source potential clients, so this partnership will further streamline their sales and marketing efforts and help them work more efficiently.” says Robert Goldbaum, Backstop’s Vice President of Product & Market Strategy. “With this integration, Backstop clients will have access to the
Union Group has continued its expansion in the growing Peru hydropower sector with the acquisition of Empresa de Generación Eléctrica Canchayllo SAC (EGECSAC), a subsidiary of Rurelec PLC, for a total consideration of USD14.3 million.
The deal includes a 5.26MW run-of-river hydro power plant in Junin, Peru, which adds to Union Group’s substantial hydropower portfolio in the country. Across Peru, it is developing close to 1,000 MW of combined capacity.
Juan Sartori (pictured), President and Founder of Union Group, says: “Hydropower is a strategically important sector for Union Group in Peru, one involving long-term, cash-generative real assets that help
Investors and fund managers alike frequently benchmark private equity returns against public markets in order to gauge the relative performance of their investments.
For investors, it is an important exercise to undertake to inform portfolio construction decisions and to evaluate the performance of one asset class against another. For fund managers, it forms a key aspect of fund marketing to help secure investor commitments. Private equity returns, however, are not directly comparable with public market indices, due to the asset class’s illiquid nature and irregular timing of cash flows.
To aid the industry in benchmarking performance, Preqin has launched
Private equity firm Swander Pace Capital is, is selling Merrick Pet Care, a natural and organic pet food leader, to Nestlé Purina PetCare. Terms of the deal have not been disclosed.
Other selling shareholders include founder Garth Merrick, Monitor Clipper Partners, and Highland Consumer Partners.
Since Swander Pace acquired the company in 2010, Merrick has grown into a flagship brand in the natural and organic pet food category, with three leading brands, Merrick, Castor & Pollux and Whole Earth Farms, which are sold through specialty pet, natural grocery, and mass channels. The sale marks Swander Pace Capital’s second major exit
Alliance Tire Group (ATG) has joined KKR’s Green Portfolio Program (GPP), an operational improvement program that uses an environmental lens to assess critical business activities of KKR’s participating private equity portfolio companies.
ATG is a global tire maker that specialises in producing off-highway tires and caters primarily to the agricultural, forestry and construction industries.
ATG’s entrance into the GPP enhances its existing sustainability efforts which have been an area of focus since ATG’s inception. These initiatives center on reducing energy consumption, minimising scrap waste and environmental impact at its tire manufacturing facilities in India and Israel. The factories in India
KKR has appointed former President and CEO of the Tokyo Stock Exchange (TSE) and the Japan Exchange Group (JPX), as Non-Executive Chairman of KKR Japan, effective 1 August, 2015.
Henry R Kravis (pictured), Co-Founder, Co-Chairman and Co-CEO, says: “We are extremely fortunate to have Mr Atsushi Saito join us. He brings immense expertise gained through his distinguished career, where he has worked and advocated to bring value to companies and uphold the highest corporate governance standards.”
Joseph Y Bae, Managing Partner of KKR Asia, adds: “We across KKR Asia and, indeed, our global network, look forward to learning from his
The Managed Funds Association (MFA) inaugural European Conference, the Global Summit 2015, will be held on 27 October in London.
The conference aims to broaden awareness of the important role alternative investments play in the European Union and help fund managers navigate evolving US and EU regulatory frameworks.
“As the global voice for the alternative investment industry and its investors, MFA is excited to announce our upcoming Global Summit,” says MFA President and CEO Richard H Baker (pictured). “This conference will provide a focused day of content designed to help managers gain clarity on what they need to know
The number of high value buy-out deals in Wales doubled last year, as MBO activity has rebounded to pre-credit crunch levels, according to an analysis by Hugh James solicitors and PwC.
According to Hugh James and PwC, there were six buy-out deals with an enterprise value of more than GBP3million in Wales in 2014 – up from just three in 2013.
The last time there was this number was in 2007. At the height of the recession in 2009 and 2010, no MBO deals of this size were recorded in Wales at all, with only one in 2011.
Booktrack has closed a Series B investment round of USD5 million with COENT Venture Partners and Sparkbox Ventures as two of the lead investors.
Known as a trailblazer in the industry, Booktrack previously raised USD3 million USD with its Series A financing led by Sparkbox Ventures the previous year. The company will leverage the recent closing of the Series B investment round to drive rapid growth through marketing innovation, the acquisition of premium content and allowing any publisher, self-publisher or musician to create and sell Booktrack titles through the Booktrack marketplace.
This announcement comes on the heels of other
BrightBytes has secured a USD33 million Series C financing led by New York-based private equity and venture capital firm Insight Venture Partners, with Bessemer Venture Partners, Rethink Education and Learn Capital also participating.
The capital will be used to expand BrightBytes' Clarity platform for K-12 leaders, continue globalisation of its customer base and develop engineering and customer success teams. As part of the transaction Nick Sinai, Venture Partner at Insight Venture Partners will join the BrightBytes board of directors.
Combining data analytics with sleek user-friendly design, BrightBytes' Clarity platform provides fast, informative answers for administrators managing a diverse range of
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