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Private equity firm Encore Consumer Capital has completed the sale of The Isopure Company to Glanbia plc, the Ireland-based global performance nutrition and ingredients company, for USD153 million.
Robert Brown, managing director of Encore Consumer Capital, says: "Isopure's founder Hal Katz decided to bring on a strategic and financial partner in 2007, and Encore was well positioned to help the company grow. We could not be more proud of what the team has accomplished in building the premier brand in protein-based sports nutrition."
"Encore provided strategic guidance and unwavering confidence in our team to execute our vision," says Hal
Covariance Capital Management, a provider of outsourced endowment management services to educational, healthcare and other non-profits, has appointed Kevin Nee as chief executive officer.
Nee will be responsible for the strategic leadership of the business, including new business development and day-to-day oversight of operations and finance.
Scott W Wise, who has led Covariance as president and chief investment officer since its launch in 2011, will remain in those roles.
“We are pleased to welcome Kevin to the Covariance team. We are confident that his background and expertise will be extremely valuable, particularly his experience as a long-term investor
Neuberger Berman Private Equity has exceeded total committed capital of USD1 billion from Japanese and Korean investors.
Neuberger Berman managed approximately USD31 billion in alternatives assets for institutional and individual investors as of 30 June 2014.
"We are very pleased with continued client interest in our private equity capabilities, reflecting our nearly 30 years of dedication to generating performance,'' says Anthony Tutrone, global head of Neuberger Berman Alternatives. "Our global investment team conducts extensive due diligence on numerous investment opportunities, enabling us to select the most attractive private equity investments."
"We are excited to have such a remarkable
TMF Custom House Fund Services, a provider of fund administration services to the alternative investment sector, has appointed Kevin Walsh as chief operating officer for fund services.
Walsh is based in Dublin.
"Kevin brings over 20 years of experience in the funds industry to TMF Custom House and will play a pivotal role in the company as we are positioned for further growth and expansion of our fund administration services following the finalisation of our acquisition by the TMF Group," says Mark Hedderman, CEO, TMF Custom House. "Kevin will oversee our global operating model and is responsible for the
Peter Hugh Smith is to join Capita Asset Services as managing director of Capita Financial Managers Limited in November 2014.
He joins from WAY Fund Managers where he has held the position of CEO since August 2012.
Chris Addenbrooke, chief executive of Capita Asset Services’ fund solutions arm, says: “Peter brings with him a depth and breadth of management, distribution and investment industry experience which makes him the ideal candidate to take Capita Financial Managers Limited forward. Peter’s previous roles include around 12 years as managing director of Russell Investments’ wholesale distribution business, and also time as a fund
Funds managed by affiliates of Apollo Global Management have launched Alteri Investors, a joint venture focused on financing opportunities arising across performing, stressed and distressed retail sector situations in Europe.
Structured as a partnership between funds managed under Apollo’s credit business (Apollo Credit) and a team led by former GA Europe chief executive Gavin George, Alteri will initially focus on the UK and Germany.
It expects to invest in retailers through both debt and equity transactions, typically in the GBP10 million to GBP50 million range, with additional capacity for larger transactions.
Alteri will also seek to lend to retailers directly,
International law firm Pinsent Masons has appointed corporate dealmaker Barry McCaig to head up its 280-strong Glasgow office.
McCaig has been with the firm for 14 years since qualifying as a lawyer and is one of 11 Pinsent Masons partners and directors in Scotland.
In the last year he has been integral in a number of big ticket acquisitions and fund-raisings.
He recently advised Blue Water Energy in the launch of exploration company Siccar Point Energy which has a GBP300 million war chest for North Sea oil and gas development, provided equity advice to TDR and Sun Capital
Chelverton Asset Management (CAM) has completed the acquisition of Electrobase RP Limited for GBP3.9 million, its second transaction since the launch last year of its Investor Club proposition.
Chelverton Investor Club has raised GBP2m of equity from its high net worth membership towards the transaction, together with an institutional investor partner which it introduced to the transaction – Chrysalis VCT PLC.
Supporting debt finance was provided by Santander.
Electrobase is an engineering firm undertaking precision sheet metal work, using the latest computerised technology alongside its particular specialism, aluminium salt bath dip brazing. The company is one of only
Tikehau IM has held the final closing of its latest senior leveraged loans fund, Tikehau Corporate Leveraged Loan Fund (TCLLF), at EUR230 million, lifting the amount of AUM in its senior leveraged loan strategy to more than EUR700 million.
Tikehau IM sourced commitments from about 10 institutional investors, most of which were insurance companies, who valued the diversification and prospective returns as well as the new regulatory provisions which allow them to count this new type of fund towards their solvency capital requirement.
Mathieu Chabran, managing director of Tikehau IM, says: “We are very pleased with the reception we
Alter Domus, a provider of fund and corporate services dedicated to private equity and infrastructure houses, real estate firms, multinationals, private clients and private debt managers, has unveiled a new corporate identity.
Alter Domus says it wants to clearly express who it is, what it does and how it is different from the competition.
“We want an identity to encapsulate who we are today, and our ambitions for our clients and our 750 employees around the world. This new identity will strengthen and modernise how Alter Domus represents its worldwide network to its clients, its people and the communities
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