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Private equity firm CVC Capital Partners (CVC) has appointed Ivo Lurvink as a Partner in the firm’s Amsterdam office. He will join the company on April 1, 2015.
Most recently Head of ING Group Investments and Global Head of Group Acquisitions and Divestment, Lurvink has over 25 years of experience in senior executive and banking roles. Prior to joining the ING Group in 2007, he held a number of senior leadership positions at Royal Philips Electronics. He has also worked at Credit Suisse First Boston and Booz Allen & Hamilton.
Geert Duyck, Managing Partner, says: "We are delighted to
New research from Intralinks predicts M&A deals in EMEA in the first half of 2015 will increase by 18 per cent compared to the same period last year.
Europe is now a major driver of worldwide M&A deal volume, which is predicted to increase by 12 per cent globally.
The figures come from the Intralinks Deal Flow Predictor (DFP), which tracks the volume of early-stage merger and acquisitions (M&A) transactions. It has been independently verified as a reliable predictor of future M&A activity.
The Q2 2015 DFP shows particularly strong performances in Europe, Middle East and Africa (EMEA)
Glennmont Partners has completed the purchase of the Margam Green Energy Project from ECO2 and Western Logs Group on behalf of its dedicated clean energy fund, Glennmont Clean Energy Fund Europe II in a GBP160m deal.
The Margam Green Energy Project will see a new biomass power generation plant built in Port Talbot, Wales, providing 40 MW of renewable energy to the Welsh and UK Energy market.
The purchase and further construction of the Margam Green Energy Project is being supported by debt arranged by Deutsche Bank with the support of Eksport Kredit Fonden, the export credit agency of
CVC, Apax and TPG buyout funds were the most desired secondaries in 2014, according to Cebile Capital, a firm that advises buyers and sellers of private equity secondary stakes.
The results are from Cebile’s List of Most Demanded Secondaries 2014, which assesses the secondaries market demand of US and European buyout funds.
Cebile use two measures to compile the list – The Cebile Liquidity Rating and the Cebile Demand Gauge – which seek to measure how easily a firm’s funds would trade on the secondary market, based on the interest level and demand from secondaries buyers. Cebile rates the demand
Andreessen Horowitz – the venture capital firm created by Netscape and Opsware founders Marc Andreessen and Ben Horowitz – has led a Series C USD58m round in Europe’s leading financial tech start-up TransferWise.
TransferWise’s existing investors, including Sir Richard Branson, Peter Thiel’s Valar Ventures, Index Ventures, IA Ventures, and Seedcamp, also participated in the round.
The start-up will use these funds for global expansion. It opens its US office next month and will be opening offices in Germany and in Australia in the next few months. The company plans to open 300 further currency routes in the next year.
Some 61% of London AIFMs feel the AIFMD has opened up new opportunities in Europe, according to research by KNEIP. By contrast, only 35% of New York AIFMs agree with their European counterparts.
The research also shows that Luxembourg firms share London’s sentiment, as well over half of firms based in the region agree that the AIFMD has been beneficial in opening new business opportunities in other European markets, thus demonstrating a contrast to the way the AIFMD has benefited non-European and European firms.
The findings come from a survey, now in its third year, of AIFMs domiciled in
Preqin launched its 2015 Preqin Global Alternatives Reports last week, revealing significant growth in assets held by private equity, hedge fund, private debt, real estate and infrastructure fund managers. Total industry assets now stand at USD6.91tn*, up from USD6.22tn as of this point last year.
Real estate as an asset class has been an important contributor to this growth, as improving valuations of unrealised assets have seen the value of private real estate industry assets rise by USD85bn over the 12 months to June 2014. However, rising prices have also led to tougher competition in the marketplace.
The 2015 Preqin Global Real Estate Report provides a comprehensive review of
Elsen has closed a USD400,000 round of funding for its financial technology platform, which allows hedge funds to run financial models and algorithms faster and more efficiently.
Elsen plans to use this capital to accelerate growth and add additional resources to its engineering team.
Financing comes from individual investors and is led by local angel investor Bret Siarkowski and his AngelList syndicate, which is backed by Atlas Venture’s Boston Syndicates. Elsen has previously been bootstrapped.
Zac Sheffer, co-founder and CEO, says: “We are very pleased to partner with these investors. They are a unique resource and their guidance and knowledge
Private investment firm Colony Capital has appointed Philippe M Costeletos as Principal and Chairman of International.
Based in Colony’s London office, Costeletos, 49, will principally be responsible for identifying new investments outside of the United States, while also taking a significant role in the firm’s worldwide strategy and operations. He will report to Thomas J. Barrack Jr., Chairman of Colony Capital.
Costeletos was a Partner at TPG Capital, where he served as head of TPG Capital in Europe. Prior to that he was a member of the Management Committee at Investcorp, and also worked at JP Morgan Capital and Morgan
Revelstoke Capital Partners, a Denver-based private equity firm, has completed an investment in Encore Rehabilitation Services.
Encore, based in Farmington Hills, Michigan, is a leading regional provider of outcome-driven rehabilitative therapy services and associated compliance and revenue cycle support services primarily to skilled nursing facilities as well as assisted living facilities and home health agencies.
Encore manages the delivery of a full spectrum of physical, occupational and speech therapy services and provides sophisticated quality, compliance and documentation capabilities to its clients. Revelstoke will provide Encore with strategic guidance and additional capital to accelerate its organic growth and pursue acquisitions.
“We
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