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New York-based portfolio holding company and private equity investor Armory Merchant Holdings has made a strategic investment in Capital Guardian Holdings.
David Storper, Co-Chief Investment Officer of Armory, says: “Capital Guardian is uniquely positioned to be a leading financial services firm offering both company advisors and independent advisors full service wealth management capabilities including RIA, Asset Management, International, Family Office, Trust and Insurance Services, capabilities which have historically been the exclusive domain of the large global banks.
"Armory will help accelerate Capital Guardian’s geographic growth, as well as internal expansion of its client-focused product and service offerings. My partner, Stephen
Andrew M Felner has joined the New York office of Sheppard, Mullin, Richter & Hampton LLP as a partner in the firm's Corporate practice group.
Felner joins from FDX Capital LLC/FDX Offshore LLC, where he was co-founder and managing partner of the financial advisory firm and affiliated merchant bank, and where he will remain as a board member. In addition to private practice, Felner spent 10 years at Citigroup Inc., where he was Deputy General Counsel, overseeing all proprietary M&A activity and several other key legal practice groups for the global bank, including securities issuance and SEC reporting.
"Andy has
Audax Group has completed the sale of Phillips & Temro Industries (PTI) to Harbour Group, a private operating company located in St Louis, Missouri.
PTI is a premier global supplier of highly engineered thermal technology systems headquartered in Eden Prairie, Minnesota and has operations in the United States, United Kingdom and China.
Through its five locations, PTI designs, engineers, manufactures and sells highly engineered thermal technology systems, solutions and controls for mission-critical applications in the oil & gas, off-road equipment, heavy/medium/light duty truck, power generation, and automotive industries. Since Audax’ initial investment in 2012, the Company has transformed into a
Global private equity firm HIG Capital has completed the recapitalisation of Fox River Fiber. Fox River will be combined with Rolland Enterprises Inc. (“Rolland”), a market leader in the production of recycled fine papers and security papers, which was acquired by an HIG affiliate in 2014.
Headquartered in De Pere, WI, Fox River is a leading “green” manufacturer of premium de-inked recycled pulp produced using post-consumer waste paper. Fox River operates out of a highly automated state of the art facility. The Company’s products are sold to paper mills for use in printing and writing, tissue and towel, and Food
K2 Capital Partners has held the final closing of its debut fund. Investors include leading investment institutions, family offices, and high net worth individuals.
K2 Capital Partners is targeting well-established, profitable lower middle market companies with sales between USD10 million and USD40 million operating in growing industries. The firm’s strategy is to focus on smaller businesses which fall below the investment parameters of most investment firms, and offer a successful exit path for business owners. K2 Capital Partners will invest in businesses that can benefit from the firm’s significant capital base, deep industry relationships, and substantial operational resources. It will
The Global Sustainability Initiative (GSI), an global impact investment project, is to have its headquarters in Catslebar, County Mayo, Ireland, where 250 jobs will be created.
The launch of GSI is the result of five years of development and planning by Dublin-based OpenSparkz LP and its partners.
Mayo County Council Enterprise and Investment Unit has worked with OpenSparkz to select suitable sites for GSI operations in the county.
"Ireland was chosen as headquarters for GSI given the country's strong technology and skills base in sustainability, and in particular, its leadership in food technology and its long-term friendly relationships with Africa
Canadian alternative asset management firm Fengate Capital Management has opened an office in Australia as part of the firm’s international investment strategy.
The office, located in Sydney, will be the headquarters for Fengate's Asia-Pacific operations. Greg Osborne has been appointed Managing Director – Head of Asia-Pacific to lead these operations.
One of the leading investors in the Canadian Public-Private Partnerships (P3) market, Fengate Capital has invested over USD632 million across 26 infrastructure projects, representing approximately USD10 billion in total project value. Part of the Firm's growth strategy is to focus on expanding into select international markets. According to Lou Serafini
ABRY Partners is to sell its equity interest in NSM Insurance Group to a subsidiary of American International Group.
ABRY has been invested in NSM, a national leader in the development, marketing, and underwriting of industry-specific insurance programs, as well as an industry leader in the Wholesale Brokerage arena, since January of 2012.
"ABRY has been a great partner," says Geof McKernan, President and CEO of NSM. "Their support has helped make NSM a better organization and we have enjoyed working with them over the past three years."
"It has been our pleasure to work with Geof and the world-class
Preqin recently surveyed over 50 managers of dedicated secondaries assets to find out about their activity in 2014 and to assess their outlook on the market for 2015. Patrick Adefuye analyses the key findings from these results.
2014 was not only a record year for secondaries transaction volume, but has also been recognized as a record year for secondaries fundraising; an aggregate USD29bn was secured by the 27 secondaries funds that reached a final close during the year, the highest ever annual amount of capital secured. As a result, two-thirds of secondary fund of funds managers surveyed expect to deploy
Private equity firm Tower Three Partners has appointed Debra Bricker as Chief Financial Officer (CFO) and Chief Compliance Officer (CCO), succeeding Chris Jacobs who has retired.
Bricker joins Tower Three with more than 16 years of private equity and financial management experience. She brings extensive leadership experience, having previously served as Chief Financial Officer and Chief Compliance Officer at Harvest Partners, LP Bricker is a New York Certified Public Accountant.
"I am pleased to have someone of Debra's caliber join our team," says Bill Forrest, Founder and Managing Partner of Tower Three Partners. "Debra's extensive background in the financial services
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