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Weinberg Capital Partners has sold Alliance Automotive Group to private equity funds managed by Blackstone and the original founders of the automotive parts distributor.
Alliance Automotive Group is a leading player in the independent automotive aftermarket in France and the UK, operating under the brands GROUPAUTO France, GROUPAUTO UK, Partners, Gef’Auto and Précisium. Alliance Automotive Group is an integrated company with its own buying organisation and a wholesale distribution network comprised of its own subsidiaries and independent distributor members. The Group has 1,500 outlets and 3,500 employees.
Alliance Automotive Group has demonstrated its ability to grow through acquisitions while preserving
Online alternative investment and private securities marketplace FNEX has appointed Neal Wolkoff to its Advisory Board.
FNEX.com is an online marketplace for alternative investments, including placements in private companies, hedge funds and managed futures accounts launched in September 2013. The innovative web-based platform provides accredited investors, family offices and institutions access to investment opportunities offered by investment banks and funds across the United States.
Todd Ryden, CEO of FNEX, says: "The wisdom and wealth of experience in launching and running and regulating successful exchanges and marketplaces that Neal brings to the table is invaluable and something that FNEX will immediately
Johan Terblanche has joined global law firm Dechert as a partner in the financial services group. Terblanche, who was most recently a partner at Loyens & Loeff, will be resident in the firm’s Luxembourg office.
“Our Luxembourg office has doubled its business over the last four years,” says Peter Astleford, global co-chair of Dechert’s financial services group. “The arrival of Johan will help continue this trend and will herald an additional focus on US and UK promoters wishing to utilise Luxembourg as a private funds base.”
"Johan is a great addition and with his deep experience on both Luxembourg
Carey Group has become the first listing agent in the world not based in the Cayman Islands to become a Cayman Islands Stock Exchange (CSX) listing agent.
Being based in the same time zone as London gives the Carey Group Guernsey team a significant advantage over all other CSX listing agents with respect to servicing European and MENA based clients.
As both a listing agent of the CSX and a listing member of the Channel Islands Securities Exchange (CISE), Carey Group’s Guernsey fund services business now has the unique capability to offer clients the choice of two recognised stock exchanges.
St George’s University today announced that it has received a substantial equity investment from a group led by Canadian investor Altas Partners and a fund advised by Baring Private Equity Asia.
The Altas-led investment group and the fund advised by Baring Private Equity Asia are investing in partnership with St. George’s current management team, led by Chancellor Charles R Modica, who co-founded the University in 1976. Dr. Modica will remain in his leadership position, and he and the other current owners of the University will collectively remain the largest shareholder. Financial terms of the transaction were not disclosed.
Founded as
Investcorp, a provider and manager of alternative investment products, has completed the sale of SourceMedia to Observer Capital. Terms of the transaction have not been disclosed.
Investcorp originally acquired SourceMedia, inclusive of its Accuity affiliate, from the Thomson Corporation in 2004. Through Investcorp's stewardship, SourceMedia made significant investments and changes to the business that advanced its digital-first strategy, significantly diversifying its revenue mix to incorporate digital media, marketing services, events and new categories such as research. In addition, Investcorp spun out Accuity, and worked with its management to position the business as the leading US provider of payment efficiency and
A total of 34 Guernsey Alternative Investment Fund Managers (AIFMs) have utilised Guernsey’s National Private Placement (NPP) regime to market Alternative Investment Funds (AIFs) into Europe, as of 31 July, 2014.
The figures from then Guernsey Financial Services Commission (GFSC), which solely reflect marketing into Europe by Guernsey AIFMs and not that by European Economic Area (EEA) AIFMs, reveal that the 34 managers promote investment funds into one or more EEA Member States. These cover 15 of the 27 jurisdictions with whom Guernsey signed bilateral cooperation agreements in July 2013 ahead of the Alternative Investment Fund Managers Directive (AIFMD) coming into
Fortress Investment Group has held the successful close of Fortress Worldwide Transportation and Infrastructure Investors (FTAI) at its cap of USD995 million in total commitments.
FTAI was originally raised as a USD395 million fund; this was followed by a subsequent “top up” private capital raise of USD600 million of additional capital commitments.
FTAI brings together a diverse mix of high yielding transportation assets and value-add infrastructure projects. Its portfolio includes aviation, shipping, offshore energy and rail assets and infrastructure, including airplanes, jet engines, shipping containers, intermodal equipment, offshore energy vessels, as well as railway lines, railcars and terminals.
“The environment
Private equity firm Ridgemont Equity Partners has appointed three new investment professionals and promoted Seth Peck to vice president.
Charles Anderson and Ben Hosler joined the Charlotte office as vice president and associate, respectively, and Mark Pollak joined the Dallas office as an associate.
“We’re excited to continue to add new members to our deal execution team and pleased with Seth’s well deserved promotion. Charles, Ben and Mark come to Ridgemont with relevant industry experience and excellent backgrounds in middle market M&A and private equity,” says Walker Poole, a partner at Ridgemont.
Prior to joining Ridgemont, Anderson was
Los Angeles-based private equity firm Vance Street Capital and its affiliates have acquired Eirtech Aviation, a specialist aviation coating services company headquartered in Shannon, Ireland.
Eirtech will be combined with existing Vance Street portfolio companies, Leading Edge Aviation Services and Associated Painters, to form International Aerospace Coatings.
The combined entity creates a global provider of aviation coating services, including exterior and interior aircraft painting, aircraft refurbishment and provision of aircraft graphics.
The principals of Eirtech Aviation will maintain a substantial ownership stake in the combined business. Terms of the transaction have not been disclosed.
The newly merged
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