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Kirkland & Ellis represented GTCR in it’s acquisition of Fairway Media Group ion partnership with Adams Outdoor Advertising.
Fairway is one of the largest outdoor advertising companies in the United States, and Adams Outdoor is a preeminent provider of outdoor advertising solutions. Terms of the transaction have not been disclosed.
The Kirkland team included corporate partners Stephen Ritchie and Jocelyn Hirsch, corporate associates Daniel Guerin, Ryan Haas, Eric Buske, Jeffrey Swatzell, Elizabeth Morales, Patrick Sullivan and Sarah Thrasher, and asset finance and securitization partner Kenneth Morrison.
GTCR’s investment in Fairway was funded from GTCR Fund XI, a private equity fund
Aequitas Capital has appointed Scott Gillis, a member of its Advisory Board and former American International Group (AIG) executive, as Partner and Chief Operating Officer.
In his new role, Gillis will oversee the firm's accounting, financial planning and analysis, capital markets, legal, and information technology/business operations groups. This streamlining and reorganisation of the Aequitas management structure will enable CEO Bob Jesenik, who also serves as Chief Investment Officer, to focus on business development and investment opportunities.
"Our firm has significantly expanded in size and the breadth of service offerings since its establishment more than 20 years ago. It is a
MIK Fund Solutions, a provider of decision support software solutions for alternative asset managers, has expanded its geographic footprint into Asia, basing its APAC headquarters in Shanghai, China.
This is the latest in a series of strategic initiatives by MIK. The new office serves as a core piece of the foundation for the implementation of MIK’s 24 x7 global delivery model for software development and client support. MIK has resourced the expansion with a staff of 9.
Over 50 multi-billion dollar hedge funds, fund of funds, and private equity funds rely on MIK for sophisticated software solutions for real-time PNL,
The Scottish Loan Fund (SLF), managed by Maven Capital Partners (Maven), has committed GBP1.5 million of funding to open source application management company, Cloudsoft Corporation Limited.
The Edinburgh-based business has developed a valuable software platform for the cloud computing market which it predominately licenses to blue-chip clients.
An increasing number of large enterprises are moving their software applications to the cloud to reduce costs and improve performance and agility. Cloudsoft’s key product is its Application Management Platform (AMP) which streamlines the development and operation of cloud applications. The primary aim of AMP is to ensure that software applications are able
Ipreo has acquired ClearMomentum, a provider of portfolio monitoring applications to alternative asset investors and their limited partners.
Since introducing the industry’s flagship portfolio monitoring application, ClearFinancials, in 2005, ClearMomentum has played an integral role in the transition to greater transparency and data integrity in the alternative asset market. ClearMomentum collects full financial statements from private companies and automatically maps, validates and structures the data to a common chart of accounts, enabling private equity and venture capital clients to monitor and report on their portfolios accurately and efficiently. The firm’s clients represent some of the most respected names in
PNC Riverarch Capital has acquired a controlling interest in North American Breaker Co, a reseller of circuit breakers and related electrical components dedicated to “need-it-now” product solutions for wholesale electrical distributors.
NXT Capital and NABCO management have co-invested alongside PNC Riverarch Capital.
Founded in 1996, NABCO serves more than 3,000 wholesale distributors, enabling them to offer end customers a comprehensive line of circuit breakers and related products. The company carries more than 10,000 distinct product offerings and emphasises difficult-to-source products not regularly stocked by traditional distributors. NABCO is headquartered in Burbank, California, and services customers out of nine inventory-equipped
eFront has launched new services and products for private equity limited partners, enabling them to focus on their most important activity, portfolio analysis, while saving time and effort.
The eFront LP Investor Portal (EIP) will accelerate the flow of quarterly data from general partners through the use of standardised Excel templates via a secure, internet-based portal. And, eFront Investor Services (EIS) collects data directly from GPs on behalf of investors and delivers it to their systems in ready-to-use formats. These new offerings will improve transparency, lower costs and enable faster, better-informed decision-making.
The alternative investment industry continues to cope
Intercos has completed a round of financing led by Catterton, the US-based leading consumer-focused private equity firm, for a significant minority ownership in the company.
ClearVue Partners, who has a working relationship with Catterton, co-invested in the transaction.
Clearvue Partners is a private equity fund targeting fast growing and promising consumer companies in the Greater China region. Financial terms of the transaction were not disclosed. ClearVue’s co-investment in Intercos is a reflection and belief that cosmetics industry in China will be a fast-growing end market and therefore of long-term strategic value to Intercos. ClearVue’s expertise and local market presence will
Law firm Howard Kennedy is advising English Rose Enterprises, a company owned by Andrew Perloff and family, on its efforts to acquire Beales, the historic department store chain.
The acquisition is being made with the financial support of Portnard Limited, another Andrew Perloff family vehicle.
English Rose Enterprises has yesterday (19 January) announced its intention to make a cash offer of 6p per share, valuing the company at GBP1.23m. This is backed by the offer of financial support for Beales to the tune of up to GBP2m.
Beales, which can trace its history back to 1881 operates 30 department
Private equity firm SAIL Capital Partners Limited is expanded into the EMEA region with the establishment of a new London office and the appointment of Dr Eric Warner as Managing Director.
SAIL’s new London-based merchant banking operation will play a key role in developing the firm’s current portfolio and facilitating exits from its portfolio of 14 investments. In a newly formed partnership with global growth consultancy Frost & Sullivan (www.frost.com), SAIL’s London office will also be sourcing new investment opportunities in the EMEA region, focusing on sustainable innovation in energy and water.
Prior to joining SAIL, Eric Warner was
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