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LetterOne Technology, a strategic long-term investor in international technology markets, has strengthened its advisory board with the appointment of Jeremie Berrebi and Gennady Gazin.
Gazin currently serves as Vice-Chairman of the Board at Studio Moderna, a multi-channel and direct-to-consumer retailer in Central and Eastern Europe. From 2007 to 2012 he was CEO of EastOne, an international investment advisory group. Prior to joining EastOne, Gazin worked in McKinsey and Company’s telecommunications practice and served as the Senior Partner responsible for the firm’s CIS practice. Gennady is a member of the Supervisory Board of VimpelCom Ltd and chairman of the board of
HVAC&R Limited (HVAC&R), a provider of heating, ventilation and air conditioning solutions to the oil and gas sector, has been acquired for GBP10.25million with capital from
Lonsdale Capital Partners has acquired HVAC&R Limited (HVAC&R), a provider of heating, ventilation and air conditioning solutions to the oil and gas sector, in a GBP10.25 million deal and will integrate the company into its existing investment, Oteac.
Royal Bank of Scotland are the senior debt advisors on the deal.
Oteac provides fire and safety services to the oil and gas, drilling, marine, public service and industrial/commercial sectors. The company’s acquisition and integration with
LDC, the private equity division of Lloyds Banking Group, has announced plans to increase its investment in the UK’s mid-sized companies.
The firm, whose 90-strong portfolio includes lifestyle brand Joules and restaurant owner D&D London, has pledged GBP1.2 billion of capital over the next three years to help accelerate growth amongst Britain’s so-called Mittelstandt.
Over the last three years, LDC invested GBP930 million in more than 50 businesses, as well as providing follow-on capital to support their acquisitions in the UK and overseas. Since it was founded in 1981, it has backed over 425 firms, including household names like
The German private equity market is showing signs of a slight downturn after the buoyant mood experienced since last summer. Deteriorating financing conditions and business prospects mean that investors in the SME sector are increasingly joining the ranks of the sellers.
However, private equity professionals expect conditions to improve in the second half of the year, according to the findings of the latest private equity panel survey, which is conducted three times a year by CMS Germany and FINANCE magazine. Some 40 private equity (PE) firms provide anonymous assessments of the market for the survey.
Overall, private equity investors in
All lights turned green for Hedge funds after a difficult start to the month. All strategies ended the week in the black pushing the Lyxor Hedge Fund index higher, however, the index remains negative at -0.2 per cent month to date. Earlier in May, the higher volatility regime exhibited by several asset classes impacted hedge funds negatively.
Once a fund manager has got the middle office infrastructure in place – the hardware as it were – the logical next step is to work out how best to utilise it. How can the flow of data – and flow of data is not simply the software – be used in a smart, intelligent fashion to bring incremental gains to the way that the manager runs its business?
This is a question that many managers now face as the volume of data they must handle for a variety of regulatory and investor demands continues to rise exponentially. With the
Work patterns in the alternative investments space have seen a significant shift over the years —from working in the office on a computer, to collaborating remotely via mobile applications and bring your own devices (BYOD). To remain competitive, an enormous amount of data must be shared on-the-go to facilitate investment decisions, but with minimal IT oversight, this trend towards mobile could open the door for increased risk of information leakage.
There is a lot at risk—customer and employee data, the fund’s investment strategy, etc.—and it is up to the fund manager to make sure its data assets are secure.
Firms
An affiliate of Fortress Investment Group is to become co-manager with Mount Kellett Capital Management of the Mount Kellett investment funds and related accounts (the funds).
Mount Kellett affiliates will continue to serve as general partner of the Funds. Additionally, affiliates of Fortress will become special limited partners of the Funds. Financial terms of the transaction were not disclosed.
The strategic alliance between Mount Kellett and Fortress brings together teams with significant special situations experience and sector specific knowledge, particularly in credit and global real estate. Mount Kellett will benefit from the scale and resources contained within the institutional framework of Fortress, a global
Barclays has appointed Steve Rickards as head of offshore funds. He will lead the creation and implementation of the bank’s offshore funds strategy and report directly to Paul Savery, managing director of personal and corporate banking in the Channel Islands.
“Steve has 30 years’ experience with Barclays in corporate banking and international finance centres,” says Savery.
For the last four years Rickards has been heading up the Guernsey Funds team providing debt solutions for private equity and working with locally based fund administrators.
Savery says: “Barclays’ funds segment has seen some terrific cross functional success over the past year
Baring Private Equity Asia is to acquire a majority stake in Vistra Group from IK Investment Partners’ IK 2007 Fund. The Vistra Group management team will continue to hold a significant shareholding in the Company after completion.
The completion of the transaction is subject to regulatory approvals. The parties have agreed not to disclose the financial terms of the transaction.
Baring Asia is one of the largest and most established independent private equity firms in Asia and advises funds that manage more than USD9 billion in committed capital. The firm runs a panAsian investment program, sponsoring management buyouts and providing
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