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Law firm White & Case has strengthened its UK banking practice and increased its focus on the representation of private equity sponsors with the addition of new partner Colin Harley in the London office.
"The addition of Colin will enhance our bank finance capability in the UK,” says White & Case partner Eric Berg, global banking practice leader. “As a dedicated borrower-side lawyer, Colin will have a particular role to play in our drive to establish a leading pan-European, cross-border private equity practice based in London.”
Harley, who will join the firm’s global banking practice, focuses primarily on advising
Akina, a specialist advisor to private equity vehicles, has promoted Ralf Gleisberg to partner with immediate effect.
Gleisberg joined the company in 2005. He advised on fund investments in France, the Benelux and the Nordic countries and helped defining country strategies.
Gleisberg was also instrumental in setting up the portfolio monitoring for Akina advised investment vehicles.
Gleisberg has over 15 years of experience in the financial industry with focus on private equity and corporate finance.
Christopher S Bödtker, managing partner of Akina, says: “In his years with us, Ralf has continuously demonstrated a high level of expertise
Private financial cloud provider Options has appointed former NYSE Euronext executive Richard Hughes as senior vice president, managing director for Europe.
Hughes, who was most recently responsible for global business development at NYSE Technologies, NYSE Euronext’s commercial technology division, will be responsible for overseeing the firm’s wider European division and associated efforts to drive new business growth, deliver service excellence and further develop Options’ regional relationships and broader European presence.
Hughes brings 25-plus years’ experience in building and developing high performing teams and selling complex business integration solutions to the financial services industry.
In addition to his most
Morgan Stanley Global Private Equity has completed the sale of its majority interest in Learning Care Group (US).
Financial terms of the transaction have not been disclosed.
Learning Care Group focuses on the care and education of children between the ages of six weeks and 12 years. The company’s national platform of more than 900 schools has the capacity to serve more than 100,000 children in 36 states with approximately 17,000 employees.
Learning Care Group operates under five distinct brands: La Petite Academy, Childtime, Tutor Time, The Children’s Courtyard, and Montessori Unlimited.
“Morgan Stanley Global Private Equity has
Agreement has been reached in principle for Guernsey fund administration firm Fund Corporation to be acquired by Brazilian emerging markets specialist Providence Financial, subject to regulatory approval.
All 10 Fund Corporation employees will join a newly-established Providence Financial Guernsey office.
Fund Corporation was founded in 2007 by the Trust Corporation Group and specialises in fund and investment administration across a wide range of asset classes and fund structures, particularly in assisting entrepreneurial clients looking to expand their operations with a proactive business partner.
Trust Corporation executive chairman and Fund Corporation director Michael Betley says: “Fund Corporation has worked
Private equity firm American Capital has sold its portfolio company BCCK Holdings, parent to Specialty Brands of America, to B&G Foods, a manufacturer, marketer and distributor of branded shelf-stable foods.
American Capital and its affiliated funds received USD93 million in equity proceeds and realised a gain of USD60 million from the transaction, subject to post-closing adjustments.
Of the total proceeds, American Capital received USD54 million in equity proceeds, realising a gain of USD35 million from the transaction, subject to post-closing adjustments.
American Capital also recognised USD20 million of dividend income and additional realised gains over the life of
The SMP Partners Group has expanded its global network with the opening of a representative office in Dubai.
The long-established trust and corporate service provider officially opened the doors of its new representative office in the United Arab Emirates on 24 April.
Alongside its presence in Dubai’s Emirates Tower, the group has offices in Zurich and Hong Kong, as well as its headquarters in the Isle of Man.
The SMP Partners Group of companies comprises the provision of trust and company services, a large accounting and tax practice, fund administration services and ancillary administrative services. Employing more than
Private equity firm Avista Capital Partners has formed a joint venture with SEACOR Tankers, an operator of a fleet of seven US-flag Jones Act vessels transporting crude oil, petroleum and specialty chemical products.
Under the terms of the joint venture, ACP III Tankers LLC, a wholly owned entity of Avista, will fund a portion of the equity required for the design and construction of three 50,000 deadweight ton product carriers, each with 330,000 barrel cargo capacity, which SEACOR has contracted to build at General Dynamic's National Steel and Shipbuilding Company (NASSCO) shipyard in San Diego, California, with vessel delivery dates
Silver Oak Services Partners, a lower middle market private equity firm focused exclusively on service businesses, has made an investment in iSystems in partnership with the founders and management.
iSystems, headquartered in Colchester, Vermont, is a Software as a Service provider of payroll, tax and HR management software for service bureaus including independent payroll processors, banks and CPAs.
iSystems delivers payroll processing capabilities to service bureaus through its core software platform, evolution. The company then sells optional add-on modules around evolution, including employee self-service, payroll manager self-service, HRIS systems, benefit enrolment, check printing, data back-up, training services, help desk
Private equity firm Castle Harlan’s Partners V fund has agreed to sell Pretium Packaging to Genstar Capital.
Pretium Packaging, headquartered in Chesterfield, Missouri, is among the nation's largest manufacturers of customised, high-performance rigid plastic bottles and containers. With more than 650 customers, including global consumer packaged goods companies, as well as national, regional and local customers, the Company supplies a wide range of bottles and containers to food, personal-care, household, healthcare and pharmaceutical end markets. The Company currently operates ten manufacturing facilities, nine in the United States and one in Canada, employing more than 1,000 personnel.
Castle Harlan Co-President Bill
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