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Evercore and Luminis Partners have formed a strategic alliance to provide cross-border M&A advisory services.
The two firms will leverage their combined expertise and broad network of corporate relationships to provide independent, objective advice to their clients.
Luminis Partners recently has been formed by Ron Malek, Simon Mordant and Jamie Garis to provide conflict-free advice to major corporations, private equity firms, institutions, and government bodies on strategy, mergers, acquisitions and divestitures, restructurings and capital markets activities. This strategic alliance will also include an investment by Evercore in Luminis Partners. The three founding partners of Luminis have worked together for 15
Law firm Cleary Gottlieb Steen & Hamilton announced has appointed Peter Olds, former legal director at Actis, as counsel in the firms’ London office.
Olds joined Actis, a private equity firm investing exclusively in Africa, Asia and Latin America, in 2009. Peter was previously a senior associate in Clifford Chance’s Private Funds Group, where he specialised in private equity, real estate and infrastructure fundraising. Prior to that, he was a senior associate at Freehills in Sydney. Peter has a Bachelor of Law with first class honours and a Bachelor of Arts with distinction from the University of Technology, Sydney.
“We
MidCap FinCo and Apollo Capital Management have launched a direct origination platform for MidCap Financial focused on direct lending opportunities in the senior secured credit market.
MidCap Financial includes the existing operations and assets of MidCap Financial LLC (MidCap), a specialty finance firm focused on senior secured direct origination in the healthcare sector with more than USD2 billion of assets and a seasoned team of more than 75 employees headquartered in Bethesda, MD, complete with fully scalable asset management and back office infrastructure, systems and processes capable of full lender services.
Through an investment management agreement between Apollo and MidCap
OrbiMed has held the closing of its second healthcare royalty and credit opportunities Fund, OrbiMed Royalty Opportunities II, with USD924 million in commitments, including USD24 million from the General Partner.
Investors in the fund include a broad range of premier endowment, foundation, pension and other institutional investors.
Consistent with its predecessor, the new fund will acquire healthcare royalty streams and provide tailored debt capital solutions to healthcare companies and institutions worldwide. The Fund expects to commit between USD20 million to USD150 million per investment, with the ability to commit larger amounts in collaboration with other OrbiMed funds.
“OrbiMed is active
Spencer Capital Holdings is to acquire USA Risk Group an independent captive insurance manager. The transaction is subject to customary closing requirements and regulatory approval, and is expected to close during the first quarter of 2015.
USA Risk currently serves over 300 clients, holding $9 billion assets under management. Financial terms of the transaction were not disclosed.
USA Risk is an independent captive insurance manager founded in 1981 by H Lincoln Miller, Jr, a leader in helping to enact legislation enabling Vermont to become the pre-eminent captive domicile within the United States. USA Risk has since established member companies in
Gibson Dunn has successfully represented the Bateel Group and its shareholders in connection with a strategic transaction with L Capital Asia Funds, which is backed by the LVMH Group.
Bateel is a Gulf based gourmet food company and owner of iconic gourmet date confectionery boutiques and premium cafes.
The transaction with the L Capital Asia Funds will advance Bateel’s regional and international growth and expansion plans, supporting Bateel’s program to open new café and confectionary outlets in selected international cities.
The Gibson Dunn team was led by London partner Mitri Najjar, assisted by Edward Tran, Amar
Cerner Corp has completed its acquisition of Siemens Health Services' assets, client relationships and associates.
Cerner and the former Siemens business unit have a combined annual research and development investment of more than $650 million. The cumulative resources are expected to speed delivery of the company's next generation of health IT solutions, enabling clients to control costs and improve health care outcomes in their communities.
"By combining client bases, investments in R&D and associates, we are in a great position to lead clients through one of the most dynamic eras in health care," says Neal Patterson, Cerner chairman, CEO and
Octopus Investments has announced that it has opened a new tranche of the Octopus Enterprise Investments Scheme (EIS).
The latest tranche will focus on investing in companies in the energy sector, where predictable revenue streams and government support mean that Octopus is able to offer investment into exciting opportunities while also delivering the significant tax benefits that an EIS provides.
As the largest provider of EIS in the UK, Octopus has seen investor demand for EIS increase significantly over the years. Introduced by the government in 1994 to encourage investment into smaller companies, EIS solutions provide investors with a
AXON Partners, a placement agent for private equity and real estate funds and advisor on secondary transactions, has appointed Mark Engler as a partner in the firm’s office in Zug, Switzerland.
Englert was previously Portfolio Manager – Private Assets at Unigestion, a Geneva‐headquartered asset manager with USD 17 billion of assets under management. At Unigestion, Mark led client services in the DACH region and the Nordics. His responsibilities included sourcing mandate and fund investors as well as leading sales efforts and new product proposals in the field of private assets. Prior to working at Unigestion, Mark spent more than eight
Presidio Holdings has been acquired by funds affiliated with Apollo Global Management from affiliates of American Securities.
In accordance with the terms of the definitive agreement, which was announced on 1 December, 2014, funds affiliated with Apollo have acquired all outstanding common stock of Presidio. Going forward Presidio Holdings, Inc. will continue to do business as Presidio. Terms of the transaction were not disclosed.
"We are pleased to complete the acquisition and begin moving forward with a new partner. We believe Apollo is a great partner for Presidio, and we are excited about the opportunities this will bring us to
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