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Kohlberg Kravis Roberts (KKR) and Fleur de Lis Energy have formed a partnership to pursue investments in producing oil and gas properties in North America.
The partnership will be part of KKR’s Natural Resources (KNR) platform.
Founded by Porter Trimble, former vice chairman of Merit Energy Corporation, Fleur de Lis Energy specialises in the acquisition and exploitation of producing conventional and unconventional oil and gas assets in North America.
Trimble has 25 years of oil and gas experience and over the course of his career has successfully led the acquisition of over USD6bn of upstream oil and gas
Representatives from White Star Capital, TwentyFour Asset Management, Syntaxis Capital and Odyssey Capital have all been confirmed as among the panellists for the Guernsey Funds Forum 2014.
There are now five weeks to go until the annual event, which this year is titled ‘The pursuit of capital – art or science?’ and takes place on Thursday 1 May at the Grange St Paul’s Hotel in London.
It was announced in February that the keynote speaker will be Jim O’Neill, the former chairman of Goldman Sachs Asset Management and creator of the ‘BRICs’ acronym. The event will be moderated by
Private equity firm HIG Capital has completed the sale of its portfolio company American Hardwood Industries (AHI) to Baillie Lumber.
Based in Waynesboro, Virginia, AHI is a manufacturer and supplier of hardwood lumber in the US and abroad.
Founded in 1955, AHI is the largest producer in its regions with over 100 million board feet of annual capacity across eleven sawmills and kiln drying facilities in Virginia and throughout the Appalachian territory. AHI sells its products under the Augusta, Blue Triangle and Graham Lumber brands.
HIG originally invested in AHI, then Augusta Lumber, in 2006. Since that time,
FMO, the Dutch Development Finance Company, has seen the value of its total investment portfolio increase to EUR6.6bn in 2013 from EUR6.3bn in 2012, according to the company’s annual results.
The quality of the portfolio remains strong. A net profit of EUR133m (2012: EUR145m) will enable further investments and increase the development impact in developing countries.
FMO achieved record new commitments of more than EUR1.5bn during the year (2012: EUR1.4bn). Other highlights of 2013 included the launch of our first investment fund and the issue of its first public sustainability bond in the market, where it encountered strong investor
FSN Capital Partners has selected the iLEVEL private capital data platform to automate the process of collecting, storing, analysing and reporting on data across its private equity investments.
Fund managers on iLEVEL can optimise portfolio performance, complete diligence questionnaires during fundraising, prepare regulatory filings, quicken and de-risk the valuation process, and report to their investors in a timely, complete and accurate manner.
FSN employs an investment strategy of targeting control buyout investments of Nordic mid-sized growth-oriented companies where the firm believes it can generate long-term alpha returns for its investors. The Nordic-based private equity firm recently closed its latest fund,
M&A is back on the corporate agenda to help deliver growth and expansion, however, corporates around the world are underestimating the costs and resources needed to complete a successful integration.
While the integration phase of a deal may never grab the headlines, it is in many ways the only way to properly evaluate the outcome of a deal, according to a survey by EY.
The right combination: Managing integration for deal success, a survey of over 200 senior corporate executives around the world involved in the deal integration process, found that, based on their most significant deals in the
The European Private Equity & Venture Capital Association (ECVA) has welcomed the European Commission’s communication on the long-term financing of the European economy.
EVCA chief executive Dörte Höppner says: “European private equity, including venture capital, has a significant contribution to make to the long-term financing of Europe’s businesses and economy. The EVCA welcomes today’s Communication, which recognises the industry’s role in supporting SMEs and helping investors such as pension funds meet their long-term liabilities.
“This is an encouraging step in the right direction but policymakers must encourage the best conditions for investment in long-term investment vehicles, such as private
RLJ Credit Opportunity Fund, an RLJ portfolio company, has invested in ShareTracker, a provider of communications and telecom market share measurement products.
The announcement supports ShareTracker's efforts to expands its current existing wireless, video, voice and data market share measurement product offerings to include cable, satellite and fibre TV subscription services, as well as mobile and fixed broadband services market and flow share measurement.
"The RLJ Credit investment in ShareTracker promotes American entrepreneurship and skilled job creation in a sector that is vitally important to business performance," says Robert L Johnson, founder of the RLJ Companies. "With our support,
The initial public offering (IPO) of the First Trust New Opportunities MLP & Energy Fund, a closed-end fund, has raised approximately USD440m in its common share offering.
Should the underwriters exercise the overallotment option in full, the fund will have raised approximately USD503m.
The fund’s investment objective is to seek a high level of total return with an emphasis on current distributions paid to common shareholders. The fund is expected to commence trading on 27 March 2014 on the NYSE under the ticker symbol “FPL.”
First Trust is the fund’s investment adviser and is responsible for supervising the fund’s
FTBpro, the largest fan-generated media platform in online football, has closed a USD18m investment, bringing its total funding since inception to USD24m.
The company plans to use proceeds to further boost its global expansion, enhance strategic partnerships and enrich its mobile and video product offerings.
The fundraising round involved FTBpro’s existing investors, Battery Ventures and Gemini Israel Ventures, as well as new investment from London-based Dawn Capital and a major Asia-based media investor.
FTBpro, founded in 2011, is headquartered in London with offices in Tel Aviv. Following the investment round, the company will open offices in South East
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