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CDC has announced a new USD30 million commitment to a pioneering investment fund focused on India’s food and agribusiness sector.
Rabo Equity’s India Agri Business Fund 2 (IABF 2) will invest in growing businesses across the agribusiness industry, such as agricultural input, food processing, rural retail and cold chain storage and distribution companies.
With an estimated total food consumption of USD250 billion for 2013, India is the third largest consumer of food in the world and continues to witness significant increases in consumption, with a doubling of overall consumption expected by 2030. However, there are serious concerns over the levels
Funds advised by CVC Capital Partners are to acquire a controlling stake in Sky Betting & Gaming (Sky Bet), from Sky Plc (Sky) in a transaction that values Sky Bet at GBP800 million.
The price represents a multiple of approximately 15x EBITDA for the 12 months ended 30 June 2014, reflecting Sky Bet’s record of strong growth and high cash generation.
Sky Bet was formed in 2001 and has grown rapidly to become one of the leading operators in the UK’s online betting and gaming market, through its strong partnership with Sky Sports and its exceptional track record of
THL Credit has formed a joint venture with Perspecta Trident, an affiliate of Perspecta Trust, to create THL Credit Logan JV.
The new joint venture is expected to invest primarily in senior secured first lien loans to middle market companies and other corporate debt investments, consistent with THL Credit's origination and underwriting strategy.
THL Credit and Perspecta have committed to initially provide USD120 million and USD30 million, respectively, of equity capital to Logan JV. In addition, Logan JV has agreed to terms with a third party to provide credit financing. Logan JV expects to begin funding the portfolio with new
Detroit-based private equity firm Rockbridge Growth Equity has partnered with the existing management team to acquire Robb Report, a guide to luxury lifestyle and services.
"Robb Report is an exciting consumer-based, well-branded company with an experienced and strong management team. We believe Rockbridge and its Family of Companies' operational expertise and infrastructure, particularly in the areas of marketing and technology, will help leverage the opportunity for Robb Report to grow at an accelerated pace," says Managing Partner of Rockbridge, Brian Hermelin. "It is always thrilling to provide the needed capital and support to a motivated and smart leadership team who
European institutional investors are taking a pragmatic approach to investing in renewable infrastructure that favours performance over SRI-related factors, according to new research by Aquila Capital.
Almost two-thirds (63%) of respondents cited portfolio returns as the main reason for investing in renewables compared to just 6% who do so for environmental and ethical reasons. Diversification and inflation-hedging was identified by 12% and 9% of investors respectively as their primary driver for gaining exposure to renewable infrastructure.
The majority (52%) of European institutions have some exposure to renewable infrastructure and currently allocate an average of 4% to this asset class but
Allianz Global Investors has welcomed the UK Government’s commitment, delivered as part of the Chancellor’s Autumn Statement, that it will introduce a new Withholding Tax exemption for private placements.
AllianzGI is aiming to invest upwards of GBP3 billion in UK infrastructure over the next three to five years.
Elizabeth Corley, CEO, says: “Allianz Global Investors aims to invest upwards of GBP3 billion in UK Infrastructure debt over the next three to five years, consistent with us being on track to invest around GBP600m in UK infrastructure debt by the end of 2014, the first full year of sterling
Venture capital funds produced average returns of 27% in the year to March 2014, higher than any other private equity strategy over the same period. Preqin's Christopher Elvin comments:
The Achilles Heel for venture capital funds since the turn of the millennium has, of course, been performance. Returns have generally been lagging well behind other private equity strategies, but despite this, many investors have stuck with the asset class. The main argument for this has been that while the average performance has been disappointing, the returns of the best funds have been excellent. If investors can identify and get into these
European Capital is to acquire a majority stake in Cordium, subject to change of control consent by the Financial Conduct Authority and the Malta Financial Services Authority.
The majority share was purchased from Sovereign Capital, a UK-based buy-and-build specialist and Cordium’s private equity backer since November 2010. Through Sovereign’s strategy of buy & build, Cordium has become one of the largest independent regulatory compliance consultancies in the world, quadrupling its number of clients worldwide. With Sovereign’s backing Cordium has made a total of eight acquisitions, which included HedgeOp in New York, HedgeStart in London and Zodiac Advisory Services in
WL Ross & Co, the distressed investment arm of Invesco, has appointed Su Yeo (pictured) and Eric London to the firm’s investment and investor relations teams respectively. Both will be based in New York.
As a Principal, Yeo is responsible for investment origination and execution with an initial focus on the metals and mining sector. Yeo has 16 years of experience in the private equity industry. She was most recently at Morgan Stanley Principal Investments where she focused on acquisitions and corporate restructurings for the firm’s proprietary investment fund.
In his role as Senior Director, London is responsible for
Wealthy investors continue to invest in hedge funds as an alternative to the stock market, seeking greater return on investment while shielding their portfolios against the volatile nature of stocks and bonds trading.
That’s according to Spectrem Group's latest Perspective report – Use of Hedge Funds and Private Equity in the Portfolios of the Wealthy – which examines the ownership and sourcing of hedge fund investments, as well as the use of private equity in investing. The report concentrates on investors with a net worth over USD5 million.
The Perspective includes key findings about hedge fund and alternative investments,
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