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Professional testing services provider PSI Services has partnered with Waud Capital Partners (WCP), a middle-market private equity firm.
PSI provides various solutions through its multiple business channels including talent assessments (of job-seeking candidates as well as employee development programs), licensure testing and license management services (for government regulatory agencies) and certification credentialing services (for professional associations). PSI offers clients various solutions to measure, assess and identify the skills, abilities, traits and identities of individuals seeking jobs, licensure or certification credentials.
Stephen Tapp, PSI’s Chief Executive Officer, says: "Based on the excellent growth and diversity of PSI's business portfolio, combined with
Mitel is to acquire Mavenir Systems, a provider of software-based networking solutions for mobile carriers in a cash and stock deal valued at approximately USD560 million.
Under the terms of the merger agreement, Mitel will commence an exchange offer pursuant to which Mavenir stockholders will be entitled to elect to receive either all-cash or all-stock consideration for each share of Mavenir common stock, subject to proration, in either case with a value of USD11.08 plus 0.675 of a Mitel common share, or USD17.94 based on the closing price of a Mitel common share on February 27, 2015.
The transition to
European private equity group GMT Communications Partners has made three senior promotions – Natalie Tydemano Senior Partner, Vikram Krishna to Partner and Francois Stoessel to Principle.
Tydeman (Senior Partner) joined GMT in 2007. Since joining, she has successfully completed GMT’s investment in Bigpoint, a European developer of browser‐based online games, in 2008, and has most recently played a leading role in the acquisition of Seagull, a leading provider of computer based training for seafarers worldwide. She brings substantial knowledge of the digital media space, having worked in the Communications industry for 17 years. She was previously at Fremantle Media as
Capita Asset Services has extended its range of services for UCITS and alternative investment funds with the introduction of fully automated Annex IV reporting to both the Financial Conduct Authority (FCA) and the Central Bank of Ireland.
Capita currently provides services to around 50 funds across the UK and Ireland. The development of the Annex IV report has been a complex process requiring extensive data extraction and analysis. As a result Capita is able to provide an automated and verified population of 100% of the Annex IV schema, without any dependence on additional information from portfolio managers.
This has
It has been more than five years already when the economic downturn began, and the Middle Market Private Equity industry in the US has proved its strong foothold in the investment scene as compared to Large or Mega scale markets. According to a report from accounting and consulting firm McGladrey, “until very recently, the middle-market just hasn’t gotten the respect it deserves.
The performance of midsized firms following the recent global economic downturn, however, has been extremely impressive as statistics compiled by the National Center for the Middle Market (NCMM) reveal.” Competition, a noted bellwether indicator, shows large players entering
LBO France is in exclusive negotiations with Equistone Partners for the sale of Averys, a European producer of storage systems, racks and metallic furniture.
The transaction remains subject to necessary consultations and approvals and could be finalised in the coming months.
In 2013, under the impulsion of LBO France, Averys completed a transformational build-up with the acquisition of Stow, a leader in static racks and storage systems with a major production facility in Belgium. In additional to their similar activities, Averys and Stow presented important geographic complementarities. Through this major acquisition, Averys doubled in size becoming the 2nd largest
Karl McEneff is to step back from day to day executive responsibilities at SuMi TRUST Global Asset Services but will remain within the organisation taking up the role of Chairman and non-Executive Director of SuMi TRUST Ireland with effect from 01 March 2015.
The new CEO will be Hiromitsu Tanaka, who brings with him a wealth of experience and knowledge developed over many years having played a prominent role within Sumitomo Mitsui Trust Bank focused on the Group's global and domestic asset servicing activities. Tanaka previously spent significant time in New York as CEO of the global custody business,
Ray Iler, former regional leader of Deloitte's hedge fund practice on the West Coast, has joined the Financial Services Organization's Wealth & Asset Management practice of Ernst & Young.
Iler, who also served as the lead of Deloitte's Emerging Manager Platform, will provide professional services to EY's hedge fund, private equity and venture capital clients. Iler was also the audit lead for Deloitte's Growth Enterprise Services team in San Francisco.
"We are extremely pleased to welcome Ray to EY as he is a highly-respected leader in the asset management industry," says Mike Serota, a Partner with Ernst & Young LLP
Law firm Noerr has advised the Swiss Evatec AG on the purchase of the Advanced Technologies Segment of the Oerlikon Group regarding the German aspects of the transaction.
Evatec AG’s activities include the production of plants for the manufacture of LEDs, lasers, power chips and high-performance optical, optoelectronic and semiconductor components as well as the worldwide distribution of these. In its Advanced Technologies Segment, the Oerlikon Group has developed also thin film production procedures for semiconductors and nanotechnology.
By purchasing the Advanced Technologies Segment from Oerlikon, Evatec AG intends to further expand its semiconductor and nanotechnology business segment. This acquisition
Private equity firm Norwest Equity Partners (NEP) has made an investment in Old Hickory Smokehouse, a producer of branded and private label food and beverage products.
NEP’s investment was made in partnership with Wayne Wolf, Old Hickory CEO. The transaction closed on 20 February, 2015. Financial terms have not been disclosed.
This investment is demonstrative of NEP’s investment partnership model which is focused on partnering with business owners and their management teams to build strong, growing companies into even greater industry leaders.
Todd Solow, a NEP partner and Old Hickory board member, says: “Our firm has been actively seeking investments
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