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High Road Capital Partners’ portfolio company Celco Controls has completed the add-on acquisition of Canadian Process & Control.
Based in British Columbia, Canadian Process & Control designs, manufactures, and installs customised process control systems for the resource, refining, chemical, wastewater treatment, and manufacturing industries.
“Canadian Process & Control is a market-leading provider of automation solutions to process-based industries,” says Jeff Goodrich, High Road partner. “This acquisition solidifies Celco Controls’ position as a leader in the automation marketplace in Western Canada by increasing its service offering and expanding its geographical reach.”
“Combining the organisations will provide customers in the
Smart beta investing, efficient risk diversification, liability driven investment (LDI) strategies, infrastructure and fixed income investing are among the topics to be presented at the EDHEC-Risk Days Europe 2014.
The event will take place at The Mermaid Conference & Events Centre in Blackfriars, London on 25-26 March.
The conference will open with a roundtable involving leading industry representatives and regulators and will address the topic of index transparency and investor expectations. The session will include the presentation of a survey on the transparency and governance of international indices carried out by EDHEC-Risk Institute.
The conference will also feature
Grupa o2 and private equity fund Innova Capital have completed the acquisition of Wirtualna Polska.
The combined companies will operate on the market under the name Grupa Wirtualna Polska.
The management board of the new company is led by Jacek Świderski, while Łukasz Wejchert will support its development holding a seat on the supervisory board.
“We are becoming the partner of first choice for Internet users and advertisers. We offer a diversity of content-from news through sports, to entertainment and lifestyle, as well as mass services such as Poczta WP and Poczta o2, which have their loyal customer
Alternative asset manager The Carlyle Group has named Jackie Roberts as chief sustainability officer, a newly created position.
Roberts comes to Carlyle from the Environmental Defense Fund (EDF), where she was a senior director of the Idea Bank for the US Climate and Energy Program.
Roberts begins her duties in mid-February and will be based in Washington, DC.
Roberts will lead Carlyle’s global environmental, social and governance efforts (ESG) and work closely with its portfolio companies to drive understanding and adoption of ESG principles.
Carlyle co-CEO and chief investment officer William E Conway, Jr, says: “With her
M&A activity for the global chemical industry will likely increase on 2014 due to downstream value-added opportunities, continued strength in specialty chemicals, and portfolio realignments in North America.
That is according to the Deloitte Touche Tohmatsu Limited (DTTL) 2014 Global chemical industry mergers and acquisitions outlook, which also projects M&A growth in 2014 as companies focus on key ends markets including agrochemicals, bio-based/green chemicals, and health and nutrition.
"This year developing megatrends like expanding global middle class, population growth, and food security will influence global chemical M&A opportunities in end markets such as agrochemicals, as well as impact M&A
Private equity firm Arsenal Capital Partners has appointed Frank Scrudato as chief financial officer and chief compliance officer.
Scrudato (pictured) was formerly chief financial officer and principal of Bruckmann, Rosser, Sherrill & Co (BRS).
Prior to BRS, he was a director in the transaction services practices of KPMG and Arthur Andersen. Scrudato also worked as the director of corporate development for Asbury Automotive Group.
Jeffrey Kovach, co-founder and partner of Arsenal, says: "Frank is a key addition to Arsenal's team who brings strong capabilities in managing the financial, operational and administrative aspects of a private equity firm. Frank's experience in
Societe Generale Securities Services (SGSS) has launched an Alternative Investment Fund Managers Directive (AIFMD) reporting package for asset managers and their funds.
It is designed to cater to the different needs of SGSS’s asset management clients, allowing them to concentrate on their core investment activities whilst ensuring they are fully compliant with AIFMD.
With transposition of AIFMD into law in EU member states currently underway, reporting requirements will be progressively reinforced throughout Europe. Asset managers will be required to provide regulators with detailed reports for their companies as well as for the funds they manage or promote. This involves
RLJ Credit Management has held the final closing of the RLJ Credit Opportunity Fund I with approximately USD135m in assets under management.
"RLJ Credit and its limited partners are pleased that, in cooperation with the SBA, we have created one of the largest minority-owned SBIC funds. Under the direction of Trevoir Gregg, co-founder and managing partner, we are confident that RLJ Credit will generate significant returns on assets and become one of the preeminent funds for senior debt and subordinated debt investments in lower middle market companies," says Robert L Johnson, founder and chairman of The RLJ Companies.
RLJ Credit
Elbrus Capital, a private equity business in Russia and the CIS, has held the final closing of Elbrus Capital Fund II with capital commitments of USD550m.
The fund was oversubscribed, exceeding its target of USD500m and reaching its hard cap.
Additionally, the fund secured USD150m financing from the Overseas Private Investment Corporation (OPIC), which will bring the total available capital for fund investments to USD700m upon finalisation of legal documentation later this year.
The fund has attracted a number of new blue chip institutional investors from Europe, the US, Middle East and Asia. A number of the investors
Law firm Reed Smith has appointed leveraged finance partner Ben Davis to its UK finance practice.
Davis (pictured), previously at Travers Smith, will join the firm’s London office on 18 March.
Travis’s practice focuses primarily on leveraged finance; he also advises on corporate facilities, refinancings, debt restructurings and general banking matters. His clients have included private equity sponsors, corporate borrowers, financial institutions and alternative lenders.
His recent representations include a number of debt funds and alternative lenders participating in the leveraged finance market (involving senior, unitranche, mezzanine and PIK facilities). He will draw on Reed Smith’s full-service capability in
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