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Europe’s executives are more bullish about the European mergers and acquisitions (M&A) outlook than they were a year ago, according to research by law firm CMS and Mergermarket.
Two thirds of respondents expect M&A activity will increase, with 11 per cent anticipating a significant increase.
This compares with 47 per cent of 2013 interviewees expecting deal-making to increase, and just one per cent expecting M&A to increase greatly. Attitudes about Europe’s economic recovery have improved significantly and the majority believe that the worst is behind us.
Thomas Meyding, head of CMS corporate group, says: “Our report echoes the
Dunedin, the UK mid-market private equity house, has appointed Lorna Eltringham as investor relations manager and Jessica Hardy as an analyst.
At the same time, Dunedin’s David Williams joins Ross Marshall as a senior partner of the firm.
Eltringham joins from Coller Capital where she worked with the fundraising team to raise its sixth global secondaries fund with capital commitments of USD5.5 billion. She previously spent ten years with Credit Suisse, most recently as a vice president in their private equity fund placements team. She will support partner Mark Ligertwood in managing relationships with new and existing investors following
SEI’s Holly Miller (pictured) and Ross Ellis explain the core tenets of establishing a successful middle office…
A survey published by Deutsche Bank in September 2014, entitled From Alternatives to Mainstream Part Two, found that the US alternative mutual fund industry has experienced 38 per cent annualized growth since 2008. The survey predicts that it has the potential to become 6 per cent of the USD15tn US mutual fund industry by 2019; total assets exceeded USD300bn in May 2014.
There are many factors driving convergence between traditional and alternative fund managers; key among them is investor demand for regulated, transparent
Some 80 per cent of SMEs believe that the government’s new Small Business bill will provide them with greater access to funding, according to research from private equity firm Key Capital Partners.
The latest ‘Growth Panel’ report, which surveys 100 UK SMEs, revealed that 95 per cent of small businesses emphatically back the proposals, which provide new hopes for funding growth.
The companies surveyed were also in favour of a number of specific measures in the bill, including plans to provide more direct interaction with the government and preventative measures on ‘pre-pack’ deals.
The Small Business bill was
ACG Capital has added three investment professionals to its fund of funds team.
With commitments of EUR1.8 billion, the team invests globally across all sub-sectors of private equity.
Gilles Michat leads the primary and secondary fund of funds’ team, which is now comprised of eight professionals.
Jérôme Marie joined ACG Capital as principal in May 2014. He began his career in 2004 as an analyst at Arcis Group in France. Two years later, he joined the London office as an associate and became vice president in 2009.
François Bouillon joined ACG Capital as vice president in August
Gramercy Funds Management, a USD4.2 billion emerging markets investment manager, has made a USD34 million investment in Columbian consumer finance company Credivalores-Crediservicios.
Grupo Credivalores is comprised of four complementary companies: Credivalores (non-regulated consumer finance company), Credifinanciera (regulated consumer finance company), Microfinanzas & Desarrollo (microfinance company), and Proteccion Garantizada (micro-insurance broker).
The group offers credit to the low and middle income population in Colombia equal to 7.1 million potential customers or 70 per cent of the population through different credit alternatives with a regional footprint comprised of 43 offices and 48 service points in 41 cities in Colombia.
Credivalores' loan
Actis, the global pan-emerging market private equity firm, has appointed Adrián Katzew as chief executive of its Mexican energy platform, Zuma Energía.
In addition, Mesopower México Corp, a vehicle managed by the investment firm Mesoamerica, has taken a 30 per cent stake in Zuma Energia.
Katzew has a long track record of international leadership in renewable energy, having been responsible for building and operating wind energy projects of more than 900 MW in various countries. He has participated in funding projects of more than USD5 billion in the energy sector.
As CEO of Zuma Energía, Katzew will initially
Impax Asset Management Group has signed a EUR106 million project financing arrangement with KfW IPEX-Bank for its Kuolavaara-Keulakkopää (Kuke) wind farm in Finland.
The wind farm is owned by Impax New Energy Investors II (NEFII), Impax’s second private equity fund which is dedicated to investments in renewable energy infrastructure.
Kuke is a 51MW wind farm with excellent wind resource in Lapland, northern Finland. The plant is currently under construction using the new 3MW Nordex N117 wind turbine generators with 120m towers. It is expected to start full production in early 2016.
Impax has also acquired an additional Finnish
Bluestem Brands is to be acquired by Capmark Financial Group for approximately USD565 million in cash, subject to various pre-and post-closing adjustments.
Capmark expects to fund the purchase price and associated transactional expenses with cash on hand, an equal amount of cash invested in Capmark by affiliates of Centerbridge Partners through the exercise of warrants and a USD300 million term debt facility led by Credit Suisse, Jefferies & Co. and US Bank.
Certain members of Bluestem’s management team are also investing in Capmark in connection with the transaction.
Upon completion of the transaction Steve Nave, Bluestem’s chief executive
Zolfo Cooper has overseen the sale of 43 Strada restaurants to Strada Trading Limited, a subsidiary of SCP Sugar Limited, an entity within Sun Capital Partners, co-founded by industry expert Hugh Osmond.
The sale forms a major part of the restructuring of the Tragus Group, which previously owned Strada.
Zolfo Cooper was appointed earlier this year to assist Tragus to undertake a financial and operational restructuring of its business.
As well as acquiring the sites, Strada Trading Limited will also employ all associated restaurant and head office staff. Paul Hemming, partner, head of corporate finance in Zolfo
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