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Sand Oak Capital has partnered with Carl Marks & Co, a New York-based merchant bank, to acquire privately held industrial companies.
Sand Oak teams with existing ownership or management by investing USD10 million to USD50 million of equity and providing strategic and operational support to companies across the US with a particular focus on the US Rust Belt, the region spanning New York to Wisconsin.
“The US Rust Belt is an extremely attractive area for investment,” says Jeremy Schwimmer, partner at Sand Oak. “With a rise in families looking to transition business ownership combined with asset-heavy barriers to entry,
Investec has expanded its investment banking business with the appointment of Christian Hess as head of its newly created financial sponsor transaction group.
Hess brings a wealth of experience having advised private equity clients for 20 years, including as a founder member of the UBS Financial Sponsor Group and with various M&A execution and senior management roles during his 16 years at UBS. He was a member of the UBS European Investment Banking Department Executive Committee (2007-2012) and head of EMEA Investment Banking Department Coverage (2010-2012).
Hess then founded Hess & Co Capital Advisors and was one of seven
EISER Infrastructure Partners, an independent global infrastructure asset manager, has opened an office in Johannesburg, headed by Richard Onyango.
The new office will be used to support EISER’s role as an investment advisor for Green Africa Power (GAP), which is an initiative of the Private Infrastructure Development Group Trust (PIDG) to offer mezzanine finance and contingent lines of credit to privately-owned renewable power generation projects in the most under-developed countries in Africa.
Onyango’s new role is to lead EISER’s team in the region and will work closely with the London office to originate and execute renewable energy transactions that will
A growing interest by large limited partners (LPs) to either co-invest or directly invest in corporate equity financings has led private equity (PE) firms to respond by facilitating investments in deals outside these managers' primary funds.
The trend reduces the overall average management and carry fee percentages paid by large LPs, but allows PE firms to maintain or increase overall investment levels, according to Fitch Ratings.
As the PE sector further grows its total assets under management, Fitch believes that permitting large LPs greater investing flexibility and lower fees is an unsurprising result, and overall a neutral impact to
Connexus Equity Management Partners has closed a series A investment in H3 Financial Services, a SaaS financial services provider of credit, billing and payment solutions for the veterinary and dental markets.
As the lead investor in this round of financing, Connexus will have a seat on the board of directors and will provide strategic advisory services to help H3 achieve its short and long term growth objectives.
“Connexus is excited to be a part of this early stage company that has developed a robust software and payment solutions platform to enable a range of high value services to its
PineBridge Investments has appointed two senior investment professionals to its private funds group.
PineBridge appointed Justin Pollack as senior vice president and Stacia Rogers as vice president, product specialist.
Pollack will support secondaries activities and opportunities for the team, and Rogers will oversee growth initiatives and serve as the team's primary contact for various business development channels.
"We are excited to have such experienced and well-rounded investment professionals join our private funds group," says Steven Costabile, managing director and global head of the private funds group. "Stacia and Justin bring a wealth of knowledge in private market investing
The value of global private equity deals targeting Africa has more than doubled (137 per cent) in the first half of 2014 compared to the same period last year, according to research by global law firm Freshfields Bruckhaus Deringer.
Global PE funds competed 15 deals collectively worth USD1.5bn in the period between 1 January and 30 June 2014, up from 10 deals totalling USD621m in the first half of 2013.
As a proportion of total African PE spend (83 per cent in 2014 H1) and deal volume (44 per cent in the same period), global PE firms are now
Private equity firm Brentwood Associates has partnered with Z Gallerie, a lifestyle retailer offering a variety of home goods, including furniture, artwork, lighting, tabletop items, textiles and decorative accessories.
Z Gallerie is headquartered in Gardena, California, and led by its three founders, Joe Zeiden, Carole Malfatti and Mike Zeiden.
Founded in 1979, Z Gallerie is focused on designing and sourcing proprietary products that encompass the best design ideas from around the world. Currently, the company operates 55 retail locations across 20 states.
Zeiden says: “Joe, Carole and I, along with our dedicated team of employees, are proud of
ConceptONE is geared up to file AIFMD Annex IV reports for AIFMs in all major EU National Competent Authorities (NCAs).
The firm has already been engaged by numerous AIFMs to provide its Annnex IV reporting solution, and urges those managers who have not yet made filing arrangements to do so as soon as possible in order to avoid missing the mandate’s first deadline.
By fully integrating with fund administrators, prime brokers, and portfolio accounting systems, ConceptONE’s RegERM Platform streamlines the process of aggregating and validating the necessary input data to answer the 3,800+ individual responses required by Annex IV.
Owain McNeill has joined Quintillion Limited, a European-based affiliate of US Bancorp Fund Services, as senior vice president of business development.
McNeill, based in London, will focus on the continued growth of the company’s alternative investment service offering throughout the European, Middle East, and Africa (EMEA) market.
“We are excited to continue expanding our dedicated team of professionals serving the European financial community,” says Joan Kehoe, chief executive officer for Quintillion. “Owain’s experience and expertise in alternative investments and fund administration helps strengthen our team and provides additional support for our clients.”
McNeill joins Quintillion with more
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