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Law firm White & Case has added further strength to its UK banking practice and intensified its focus on private equity sponsors with the arrival of new partner Martin Forbes in the London office.
“With the addition of Martin, a finance lawyer with a career built on advising private equity sponsors, White & Case is continuing to build its already strong UK bank finance practice,” says White & Case partner Eric Berg, global banking practice leader. “Following the recent arrival of new banking partner Colin Harley, who also focuses on advising borrower-side clients, it further demonstrates our commitment to developing
LTCG, a specialist in business process outsourcing for long-term care insurance, has been acquired by Stone Point Capital, a private equity firm focused on investing in the global financial services industry.
This acquisition furthers Stone Point’s strategy of backing companies in the insurance and insurance services sectors.
Originally founded in 1996 as the Long Term Care Group, LTCG is the largest provider of outsourcing and claims management to long-term care insurers in the US. In addition, LTCG provides clients with advanced risk management insight built upon its proprietary long-term care underwriting and claims databases.
“We are very excited
Sycamore Partners has closed its second fund, Sycamore Partners II, with limited partner commitments of USD2.5 billion.
Sycamore Partners' first fund, Sycamore Partners LP, closed in 2012 with limited partner commitments of USD1 billion.
With the closing of its second fund, Sycamore Partners now has in excess of USD3.5 billion in assets under management.
"We are grateful for the positive and enthusiastic response we have received from our existing and new limited partners. With this new fund we continue to focus on our historically successful investment strategy of partnering with the very best consumer and retail executives to
Nordic Capital Fund VIII is to acquire the majority of the Swedish fashion retail chain Gina Tricot from existing shareholders, and will inject new equity to strengthen its financial position.
The founding Appelqvist family remains a significant shareholder. Göran Bille will take over as CEO, in connection with Jörgen Appelqvist's transition into his future role on the board of directors.
Gina Tricot is a Swedish fast fashion retail chain that comprises 180 stores across Sweden, Norway, Denmark, Finland and Germany. With a growing online presence, Gina Tricot also reaches women in 28 countries across Europe. Founded in 1997, the
European private equity firm Cinven is to acquire Gas Natural Fenosa Telecomunicaciones (GNFT), the fibre network operator in Spain and Latin America, from Gas Natural Fenosa (GNF) for EUR510 million.
GNFT is a neutral telecom operator providing fibre infrastructure and transmission services to telecom operators in Spain and Latin America leveraging the infrastructure of utility networks.
GNFT will continue providing telecommunication services to GNF.
The company has generated strong financial performance with a 13 per cent EBITDA increase CAGR between 2011 and 2013.
The management will be led by Iňigo García del Cerro, who will continue in
Aldermore, a British bank backed by funds advised by private equity firm AnaCap Financial Partners, has appointed two non-executive directors to its board – John Hitchins and Cathy Turner.
Hitchins is a qualified accountant who brings 38 years of experience to the role, having spent his whole career at PricewaterhouseCoopers (PwC) becoming partner in 1988 and retiring in June 2014. He has specialised in bank auditing and advisory services throughout his career.
At PwC his major clients included Euroclear, Lloyds Banking Group, the Bank of England, Bank of Ireland, Barclays, JP Morgan Chase and Nomura. He also carried out
Monomoy Capital Partners and Kingsmoor have teamed up to acquire the denim manufacturing operations of Plains Cotton Cooperative Association (PCCA) through American Textile Holdings (AmTex), a newly-created acquisition vehicle.
Terms of the transaction have not been disclosed.
AmTex is a designer and manufacturer of both denim fabric and denim apparel products. The company converts raw cotton into denim fabric at the ACG textile mill located in Littlefield, Texas and converts denim fabric into finished jeans at the Denimatrix cut, sew and laundry operation located in Guatemala City, Guatemala. AmTex employs over 2,400 associates at its two facilities and runs
Big Data Partnership has completed a GBP1.25 million round of series A investment from Beringea, an international growth capital firm that manages the ProVen Venture Capital Trusts.
Big Data Partnership provides vendor-agnostic big data consulting, training and support for diverse industries including web, financial services, telecoms, utilities, defence and media. Its client list includes several leading Fortune 500 companies.
Trevor Hope, chief investment officer of Beringea, says: “’Big Data’ is a widely used term; although most organisations appreciate its potential promise they still face adoption and deployment challenges. Demand for big data skills continues to outstrip supply and Big
Jersey is to host a high level conference organised jointly by the US Securities and Exchange Commission (SEC) and the Jersey Financial Services Commission.
The purpose of the conference is to encourage international co-operation between securities authorities in order to protect investors.
The Commission, which has successfully negotiated for the SEC to stage the conference in the island, is to host and sponsor the event, which takes place at the Radisson Blu Waterfront Hotel in July. It is believed to be the first time the SEC has staged a conference in one of the British Crown Dependencies.
The
Syntaxis Capital has provided financing in support of the founders’ buyout and strategic development of Expert Petroleum, through its second mezzanine fund.
Expert Petroleum, primarily based in Romania, is an oil and gas services business that partners with some of the largest owners and operators in the oil and gas industries through long term contracts in order to increase production on their marginal and mature fields.
Coupled with the founders’ buyout, funds provided by Syntaxis will support the development of the company’s production-enhancement activities across Romania and internationally.
Aleksander Majewski, the Syntaxis director responsible for the investment, says:
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