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Law firm HowardKennedyFsi has advised the luxury fitted furniture group Canburg on its GBP8m investment from the Business Growth Fund.
Canburg is the owner of two luxury fitted furniture businesses – Smallbone of Devizes and Mark Wilkinson Furniture
The GBP8m investment follows overseas growth and will enable Canburg to accelerate its domestic and international growth strategy. It will also create 40 new jobs in Canburg’s UK showrooms and workshop in Devizes, Wiltshire.
The Business Growth Fund is a growth capital investor backed by five of the UK’s major banking groups – Barclays, HSBC, Lloyds, RBS and Standard Chartered.
Cayman Islands-based boutique corporate governance services firm Highwater has expanded its team of directors with the appointment of Yolanda Banks McCoy.
McCoy, who will be based in Cayman, has over 19 years of financial services experience.
Prior to joining HighWater, she was the head of investments and securities division of the Cayman Islands Monetary Authority (CIMA) since November 2006. She was responsible for the regulation and supervision of hedge funds, fund administrators and securities investment companies operating in or from the Cayman Islands, as well as ensuring sound compliance and market conduct in accordance with Cayman Islands regulatory laws
The stockmarket outperformance of family businesses is being described as the “Family Premium” in a report by leading academics at the IE business school in Madrid.
Yet ironically ‘family businesses’ – those quoted companies where an individual or family holds at least 20 per cent of the company’s shares and at least one family member is on the board of directors – generally trade at a discount to non-family companies.
The 2014 report, “Banca March – IE Business School, The Family Premium in listed European businesses: is it really a consequence of the family dimension of the company?” attempts to
WeiChaiShi, China's largest mobile crowdtasking platform, has closed a USD3.2 million round of financing led by ClearVue Partners and joined by Nokia Growth Partners.
The funding will further drive WeiChaiShi’s growth as it continues to expand its team, build its partner network and add new features.
ClearVue Partners is a private equity fund targeting fast growing and promising consumer companies in the Greater China region.
Crowdtasking is different from crowdsourcing in that it compensates mobile device users to complete a task – rather than just to provide and share information.
"This infusion of capital is a tremendous
IBC Capital, an affiliate of investment firm KKR, has completed the acquisition of packaging solutions company Goodpack.
As part of the acquisition, Goodpack was delisted from the Official List of the Singapore Exchange Securities Trading Limited (SGX-ST) on 15 September.
Goodpack’s management team will look to leverage KKR’s global network to penetrate new verticals and increase sales in existing markets. Goodpack will also benefit from the expertise of KKR Capstone, an independent team of operational executives who work exclusively with KKR and its portfolio companies, to identify opportunities to unlock and create greater value.
Goodpack’s strong environmental thesis
A study by private equity advisory firm Agamya Capital has found a remarkable consistency in investing by sector for the top sectors in pre- as well as post-2009 era of private equity investing.
The study looked at current investments of private equity firms in the US, with a primary focus on buyouts and recapitalisations. It began with a review of over 2,000 private equity firms and was narrowed to nearly 1,000 firms with private equity investments in the US.
The study found that consumer and food sectors comprise nearly 20 per cent of all current portfolio companies, and the
REISA, a US trade association serving the alternative investment and securities industry, is changing its name to the Alternative and Direct Investment Securities Association (ADISA).
"The change to Alternative and Direct Investment Securities Association better reflects our organisation's mission and what we provide to the alternative investment industry," says ADISA executive director/chief executive John Harrison. "Our association represents thousands of individuals in alternative investments from all types and sectors, and we strive to provide the best education, networking and advocacy for these professionals.
ADISA influences more than 20,000 professionals who offer and manage alternative investments, such as non-traded REITs,
Celoxica, a provider of ultra-low latency market data, order entry and pre-trade risk solutions, has secured GBP1.5 million from Beringea Growth Finance, a provider of asset-based and working capital finance.
Beringea Growth Finance is part of Beringea LLP, the manager of the ProVen VCTs.
Established in 1996 as a spinout of Oxford University, Celoxica is a provider of trading solutions to the global financial services industry. Headquartered in the UK with offices in Chicago, New York and Paris, the company’s clients include some of the top automated trading firms, banks and brokers in the US and Europe.
Celoxica’s
RCP Advisors has promoted Raj Patel to vice president and hired Calvin Kleinschmidt as vice president and Colin Monasterio as investment associate.
Patel, who joined RCP as an associate in July 2013, is responsible for the identification and analysis of all private equity investments. Prior to joining RCP, he worked at Conversus Capital, where he focused on direct investments and secondaries.
Kleinschmidt worked at RCP from 2008-2012 as an investment associate before going to the University of Chicago to attend business school. He recently returned to RCP and is responsible for the identification and analysis of potential investments, as
Nautic Partners has partnered with management to acquire All Metro Health Care Services, a provider of home and community based services in New York, New Jersey and Florida.
All Metro was founded in 1955 and is headquartered in Lynbrook, New York. It provides primarily non-skilled personal care aide services, including light housekeeping, homemaking, bathing and grooming to seniors and high needs individuals.
“We believe that All Metro is well positioned to serve as a value-added provider in its core states due to its high quality reputation, its broad geographical footprint and its leading presence in the New York specialty
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