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eFront has launched FrontPM, a set of portfolio monitoring and analysis capabilities that aims to streamline and automate the gathering of portfolio company data and enable sophisticated performance analysis and reporting.
Investment managers will be able to dedicate more time to portfolio analysis and more quickly perform tasks such as responding to investor inquiries and generating quarterly reports. They will produce more accurate reports and streamline the portfolio company valuation process while spending less time troubleshooting and auditing their analyses.
Managers can enable their investors to easily receive and incorporate FrontPM output by generating AltExchange documents, the industry standard
Energy-focused private equity firm Intervale Capital has closed the Intervale Capital Fund III with capital commitments of USD495m raised in less than five months, surpassing its target of USD400m.
Fund III brings the cumulative funds raised by Intervale to USD1.2bn, including USD281m for its first fund in 2008 and USD376m for its second fund in 2012.
Fund III will employ the approach developed in Intervale's first two funds of executing privately negotiated, control investments in lower middle-market companies in the oilfield services (OFS) industry, located predominantly in North America and Europe. In addition to investing in existing operating companies,
Private equity firm Tower Three Partners has made an investment in The Paslin Company, a privately held automotive business headquartered in Warren, Michigan.
The Paslin Company, founded by the Pasque family in 1936, designs, assembles and integrates robotic assembly lines for Tier One and OEM, or original equipment manufacturer, automotive companies.
Chuck Pasque, CEO of Paslin, says: "We are excited to have Tower Three Partners join us as our financial and operating partner. We look forward to working with the Tower Three team, whose investing experience, strategic operating expertise and resources will help us achieve our long-term potential as
Pritzker Group Private Capital’s healthcare investment partner, Michael Dal Bello, has been named president of the Healthcare Private Equity Association, a trade group comprised of more than 50 private equity firms representing 400 healthcare portfolio companies.
As president, Dal Bello (pictured) will lead the organisation’s advocacy, research and communication efforts when he takes office in July.
Dal Bello joined Pritzker Group Private Capital in December from Blackstone Group, where he invested more than USD7bn of equity capital in 13 transactions while helping to lead the firm’s sourcing efforts in healthcare. As investment partner, Dal Bello’s mandate is to source, invest
Jersey has seen a rise in high value real estate and private equity funds targeting UK, continental European and global assets structured through the island.
In the last six months, a number of major real estate and private equity fund structures have been reported by Jersey law firms, involving a combination of European and non-European assets and investors, including:
• Appleby advised on two major landmark UK property transactions with a combined value of GBP2.5bn. The firm’s Jersey office acted on behalf of Blackstone on the sale of its interest in a joint venture with British Land, which owns
GE Energy Financial Services has made its first equity investment in Ireland’s wind power market by acquiring two wind farm construction projects that will be powered by the GE’s flagship 2.85MW wind turbines.
With a combined capacity of 51 megawatts, the wind farms, acquired from Element Power and now under construction, will help Ireland meet its renewable energy generation targets, produce power for thousands of homes, and reduce electricity costs for Irish consumers.
Financial terms of the sale were not disclosed.
Element Power is managing construction of the projects and will provide operational management services following completion of
The European acquisition finance debt market landscape is changing dramatically as a result of an increase in liquidity and the rapid influx of alternative sources of capital offering new products, a poll suggests.
Some 70 per cent of respondents to DLA Piper's debt survey expect deal activity to increase in 2014, up from 51 per cent of last year’s respondents.
A total of 71 per cent of lenders expect their acquisition finance lending to increase in 2014, but the view is that the presence of alternative lenders is not a long-term given.
Respondents anticipate more aggressive pricing and
A fund managed by Andean private equity investment manager Ashmore Colombia has agreed the sale of 100 per cent of Lazus SAS, formerly Promitel Colombia SAS, to Columbus International.
Lazus started operations in 2001 and today operates metropolitan fibre optic networks in 10 cities in Colombia. Lazus also owns and operates telecommunication systems in Panama City, Panama and San Jose, Costa Rica with growing operations in Peru.
Lazus’ fibre-based network spans approximately 3,500 kilometres across 12 cities represented by a cumulative population base of nearly 23 million people.
Funds advised by Ashmore purchased Lazus in January 2013 from
Sports nutrition brand Grenade has secured investment from Grovepoint Capital in a deal led by international investment bank Altium.
This is Altium’s latest transaction in the sports nutrition market following the sale of sports supplements business CNP Professional to First Milk in 2012 and the sale of online retailer Myprotein.com to The Hut Group, the previous year.
Coventry-based Grenade was founded in 2009 and develops and markets a range of high quality, own brand sports nutrition products to customers both in the UK and internationally.
The business continues to develop its product range and reach into global
Middle market private equity firm Odyssey Investment Partners has held the final closing of Odyssey Investment Partners Fund V.
The fund is a USD2bn private equity fund formed to pursue control-oriented investments and management buyouts of established middle-market companies with operations predominantly in the US.
Investor interest in Fund V, which launched in September 2013, significantly exceeded its initial target of USD1.75bn; Odyssey agreed to limit investor commitments to USD2bn.
Fund V’s limited partners include substantially all of the limited partners from the firm’s fourth fund, as well as several well-established institutional investors new to Odyssey.
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