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Private equity firm Calculus Capital, a specialist in Enterprise Investment Scheme (EIS) funds, has appointed Alexander Crawford as Investment Director.
Alexander has over 20 years' corporate finance experience, including ten years with Robert Fleming & Co, Evercore Partners and JP Morgan in London, New York and Johannesburg. He was previously a Managing Director at Pall Mall Capital. He has an MA in Mathematics from Cambridge University and qualified as a Chartered Accountant with KPMG.
As a senior member of the investment team, Alexander's role will be to source and execute new deals, as well as managing some of the existing
Union Group and China Communication Construction Company, one of the biggest engineering and construction companies in the world, have signed a deal to develop infrastructure projects across the Latin America region.
The two companies form a consortium that will first tender for a Uruguay Government contract to restore and maintain a 140km railway track, involving an initial investment of around USD150 million. The contract will run for 30 years.
Union Group and China Communication Construction Company plan to finance and develop ports, railways, highways and other infrastructure across Latin America.
Union Group is a privately-owned holding company with
Transphorm Inc, an early stage semiconductor company, has secured a USD70 million investment round led by KKR.
KKR’s investment follows initial rounds of funding led by funds affiliated with Kleiner Perkins Caufield and Byers, Foundation Capital, Google Ventures, Soros Quantum Strategic Partners, INCJ, Fujitsu, Transphorm will use this funding to support its growth, product innovation and expansion.
Dr Umesh Mishra (pictured), Chairman of Transphorm, says: “Transphorm was launched to address the urgent and important problem of losses in power conversion, a process that converts electricity from the form it is delivered to the form that is ultimately used. We
LBO France has sold Cityvision Group and La Marina de Bercy to Ekkio Capital. The sale follows the takeover of L’OpenTour Paris by RATP Dev, through the sale of SLT (Société des lignes touristiques) and SELT (Société d’exploitation des lignes touristiques) on 12 June 2015.
Since L’OpenTour Paris was acquired by LBO France in 2008, it has strengthened its position as Paris’ market leader in tourist transportation by constantly increasing its revenues and passenger numbers, with 2 million visitors in 2014.
Before these sales, Cityvision Group operated three main lines of business:
• L’OpenTour: open-top hop-on hop-off bus tours in
Seventure has appointed Danilo Casadei Massari and Dr Thomas Werner to its Health for Life Capital fund Investment Committee.
They are two very experienced figures in the international life science sector with outstanding track records which will strengthen Seventure’s team.
Casadei Massari has over 30 years of senior management experience in the pharmaceutical field and is a highly successful serial entrepreneur. Most recently he was a founder and President of CM&D Pharma Ltd, a medical food company sold to Nestle Health Science in 2011. Prior appointments include VP Corporate Development at Madaus Group, CEO of Madaus Italy, and Board positions
Private equity firm Hamilton Lane has held the final closing of Hamilton Lane Co-Investment Fund III. The Fund received significant interest from the global institutional investor community and was oversubscribed relative to its target fundraising amount, closing at its hard cap of USD1.5 billion.
This pool of capital will rank Hamilton Lane among the largest managers of co-investment capital in the world.
The Fund consists of new and existing Hamilton Lane investors from around the globe, including public pension funds, sovereign wealth funds, Taft-Hartley pension plans, endowments, foundations, high-net-worth individuals and other financial institutions. The Fund's strategy is to provide
Preqin currently tracks 519 activist hedge funds collectively managing over USD140 billion in assets, an increase from the USD127 billion as of December 2014. Activists take an approach to investment which is akin to that of private equity, an approach which typically involves a long time horizon.
By engaging with management and participating in strategic decision making, they seek to maximise shareholder value, for example through operational improvements and financial restructuring. The anatomising nature of the strategy generates headlines and can lead to distrust; activists have been known to depose CEOs of major corporations (notably Sotheby's, Microsoft and Procter &
KKR is making a strategic investment into Tarena International, a provider of professional education services in China.
KKR’s investment recognises the opportunities in China’s professional training market. In 2014, the industry reached USD12 billion, according to IDC, representing CAGR of more than 11% over the past four years. However, the sector represents just 0.12% of China’s GDP, compared to 0.32% and 0.22% in the US and Taiwan, respectively.
Tarena is an innovative education platform that combines live-distance instruction, classroom-based tutoring and online learning modules to students in China. It maintains a core focus in professional education services, and offers both
According to a survey released by Deutsche Bank in September 2014, ‘From Alternatives to Mainstream Part Two’, total assets managed by ’40 Act mutual funds reached a record high of USD257 billion by end-2013, representing over 60 per cent growth for the year. Through May 2014, that figure had grown a further 18 per cent to over USD300 billion.
There is no doubt that interest is building among European managers – traditional and alternative alike – to tap in to the massive USD17 trillion US regulated investment company market, but there are a number of considerations that need to be taken
iA Financial Group has made a second investment in Australia, a debenture with a 25‑year term, in the context of a private-public infrastructure project in Western Australia.
iA Financial Group made its first investment in the Australian continent in September 2014 with a debenture in the amount of AUD25 million from the New Royal Adelaide Hospital in Adelaide, South Australia.
iA Financial Group has been involved in private investments for over 40 years. In 2013, the company set up an Australian debenture investment program in Australian dollars. The program focuses mainly on infrastructure projects and corporate issuers with excellent solvency.
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