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Palamon Capital Partners has appointed Mina Mutafchieva as an Associate Principal.
Mutafchieva joins Palamon from McKinsey & Company where she was an Engagement Manager in the firm’s Antwerp office. She was with McKinsey for five years and latterly she specialised in leading strategy development and commercial transformation projects on behalf of companies in the financial services sector. Ms Mutafchieva graduated from the London School of Economics with a First Class Honours in International Relations and holds an MBA from Harvard Business School.
Louis Elson, Managing Partner of Palamon Capital Partners, says: “We are delighted to welcome Mina to Palamon.
Node4, a regional data centre, managed IT and communications specialist, has completed the acquisition of Reconnix, a leading open source technology services company, for an undisclosed sum.
The deal, which was transacted with support from leading private equity provider LDC, represents the second acquisition to be completed by Node4 since LDC backed the business in May 2013.
The transaction forms part of Node4’s ongoing acquisitive growth strategy, targeting complementary businesses operating within the data centre and cloud services markets.
Node 4 provides a wide range of data centre and managed IT services, including colocation, connectivity, managed hosting, communications and hosted
Sanne, a Jersey headquartered provider of corporate and fund administration, is proceeding with an Initial Public Offering (‘IPO’) and placing of shares on the Main Market of the London Stock Exchange.
The offer is expected to raise more than GBP140m following strong interest from institutional investors across the UK. Admission to trade on the London Stock Exchange’s main market for listed securities is expected to take place at 8.00am on 1 April 2015 under the ticker SNN.
The offer price has been set at 200 pence per Offer Share which equates to a market capitalisation of GBP232m on admission.
Dean
A report from Cebile Capital, a placement agent and adviser in the private equity sector, finds that European family offices have increased their allocation to private equity compared with five years ago.
The firm found that private equity now represents nearly a quarter of the average portfolio of European family offices, mostly in venture capital, compared with an allocation that was sub 15 per cent five years ago.
Cebile Capital’s report analyses the appetite and preferences that family offices have for private equity investments and outlines the steps GPs should take when targeting family offices as investment partners.
Global Infrastructure Partners (GIP) has agreed to acquire the principal holdings of Competitive Power Ventures (CPV).
The transaction includes equity interests in a portfolio of power generation projects, as well as CPV's development and asset management platforms. CPV's management team will continue to lead the business and develop value-added investment opportunities in the US power sector.
The transaction is expected to close in the second quarter of 2015.
Commenting on the transaction, Adebayo Ogunlesi, Chairman and Managing Partner of GIP, says: "This transaction combines a portfolio of high quality power projects with an experienced management team that has an outstanding
There’s a tangible air of optimism among hedge fund managers this year. Despite 2014’s returns being their lowest since 2011, 60 per cent of managers believe that the 2015 Preqin All-Strategies Hedge Fund Benchmark will surpass last year, which delivered a rather tepid +3.78 per cent (net).
On top of this, 80 per cent of managers expect overall hedge fund AUM to increase according to the February edition of Preqin’s Hedge Fund Spotlight report.
“More investors are getting switched on by the benefits that hedge funds can offer as opposed to getting switched off. We are largely positive on our
Aberdeen Asset Management is to purchase SVG Capital plc’s stake in their joint venture vehicle, Aberdeen SVG Private Equity Managers Limited (Aberdeen SVG Private Equity) for GBP29 million.
In May 2013, Aberdeen acquired a 50.1% stake in Aberdeen SVG Private Equity from SVG Capital plc with the option of acquiring the remaining 49.9% stake.
The transaction is part of Aberdeen’s strategy to consolidate and strengthen further its alternatives platform which provides multi-manager coverage of hedge funds, property and private equity allocations, infrastructure investments and Pan-Alternative capabilities.
The majority of the Aberdeen SVG Private Equity team will be fully
The Consumer sector team at Livingstone has advised JacTravel, a leading B2B hotel accommodation wholesaler and provider of inbound travel services, on the acquisition of TotalStay Group.
The transaction was supported by Vitruvian Partners, JacTravel’s existing institutional shareholder.
The enlarged group will benefit from greater scale in the accommodation market, achieving an annual combined turnover significantly in excess of £360 million, and direct contractual relationships with over 14,000 independent and chain hotel partners in 800 cities globally. Greater scale is expected to accelerate growth in both companies, which have been growing at around 20% per annum in recent years.
Terry
Accenture Federal Services (AFS) has completed its acquisition of Agilex Technologies, Inc (Agilex), a provider of digital solutions for the US federal government.
The acquisition, first announced on 9 February, 2015, advances AFS’s ability to help clients harness the power of emerging digital technologies and enable rapid, predictable systems deployment for the federal government’s most complex challenges.
“Digital technologies are fundamentally changing the way that government organisations operate and interact with citizens, patients, employees, suppliers, partners and other stakeholders,” says David Moskovitz, Accenture Federal Services chief executive. “Combining the Agilex and AFS digital capabilities and agile methods accelerates our ability
The fortunes of European and US funds of hedge funds have become increasingly polarized over the past year, as the 2015 Preqin Global Hedge Fund Report found. In an extract from March’s edition of Preqin’s Hedge Fund Spotlight, we look at this trend and assess whether it is likely to persist in the longer term.
Funds of hedge funds have had a challenging road to recovery following the fallout of the global financial crisis and the events surrounding the Madoff scandal in 2008. The industry’s assets under management fell from a peak of USD1.2tn in December 2008 to USD948bn by
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