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Proception Medical, a medical device incubator, has partnered with a private equity fund to seek and evaluate private investment and buy-out opportunities in the orthopaedic and medical device industries.
Members of Proception Medical will be attending the Annual American Academy of Orthopaedic Surgeon Meeting in New Orleans next week to investigate investment and new product opportunities.
Proception Medical bridges the gap between surgeon inventor and strategic exits by taking the device through the development, regulatory approvals and limited launch process.
The partnership with the private equity firm allows Proception Medical to create similar value for companies needing investment
Law firm CMS Hasche Sigle has advised Hamburg-based Capital Stage AG on a 10 per cent capital increase.
The company has acquired photovoltaic plants and wind farms in Germany and Northern Italy with a capacity of around 241 megawatt peak (MWp) since 2009, making it one of the largest independent solar park operators in Germany.
A team from CMS Hasche Sigle led by lead partner Dr Andreas Zanner provided advice to Capital Stage AG and the sole global coordinator, Joh. Berenberg, Gossler & Co., on structuring and completing the transaction. The co-manager is WGZ BANK AG.
CMS Hasche
KKR has held the final closing of KKR Energy Income and Growth Fund I (EIGF), a USD2bn strategy focused primarily on investing behind the development of North American unconventional oil and gas resources.
The fund seeks to generate current income and capital appreciation while seeking to provide inflation protection through commodity exposure.
The EIGF strategy received strong backing from a diverse group of new and existing KKR investors globally, including pensions, sovereign wealth funds, insurance companies, foundations, endowments, private banking platforms, family offices and individual investors.
Marc Lipschultz, KKR's global head of energy & infrastructure, says: "The energy
BDO is warning fund managers about five things they need to do now to make sure they comply with new tax rules on LLP partnerships which come into force on 6 April.
The change in tax law is expected to hit hard many of London's flagship businesses, including hedge fund managers and private equity firms – many of whom are still smarting from the costs of implementing new European regulation, such as AIFMD and UCITS V.
Kevin Cummings, partner in the financial services team at BDO says: “The tax affairs of London fund managers remain in disarray after a
Maven Capital Partners has provided further finance to existing investee company Glacier Energy Services to support the acquisition of Professional Testing Services (PTS).
The deal will see Maven, alongside co-investment partner Simmons Parallel Energy Fund, invest an additional GBP3.25m into Glacier.
Glacier is an international oil and gas service company with operations in Aberdeen, Glasgow, Methil and Newcastle. Since Maven first invested in the business in 2011, it has undertaken a buy-and-build strategy having acquired two complementary businesses, Ross Offshore and Site Machining Services. Both companies have already been integrated into the Glacier group.
Maven and Simmons have
An affiliate of Versa Capital Management has acquired Bridge Street Global Hospitality, a serviced apartment specialist with than 50,000 locations in 60 countries.
The investment, which follows on the heels of BridgeStreet's recent rebranding and international growth, will elevate BridgeStreet's presence and create new opportunities for development projects and long-term growth.
"BridgeStreet recently has made great strides in establishing itself as the leader of serviced apartment experiences worldwide," says Gregory L Segall, CEO of Versa Capital. "Now that the company is strongly capitalised, with no third party debt, it is well positioned to accelerate its growth and we look
The Riverside Company has sold its stake in Italian competitive swimwear company Arena.
Riverside acquired Tolentino, Italy-based Arena in 2010 and immediately sought to develop its presence in international markets.
During Riverside’s hold period, the firm helped Arena increase its sales and EBITDA and deepen its presence in international markets. These efforts were most apparent in the US market, where Arena gained sponsorship of the US Swimming Federation while expanding its sales. Additionally, Riverside’s Asian sourcing office, led by operating partner and managing director Brian Bunker, helped Arena improve its sourcing in the Far East.
Traditionally a brick-and-mortar
SEI has expanded the regulatory component of its operating platform, adding technology and process enhancements that enable managers to streamline the regulatory filing process.
SEI's Investment Manager Services (IMS) division is a global supplier of customised operating infrastructure and services to investment organisations, representing more than USD13trn in assets under management.
SEI's regulatory solution is designed to help fund managers meet new requirements of the Foreign Account Tax Compliance Act (FATCA) and Form CPO-PQR, which affects only commodity pool operators. It also enables private fund managers to meet requirements of Annex IV reporting under the Alternative Investment Fund Managers
Phoenix Equity Partners, the UK mid-market private equity firm, has appointed Warwick Nash as operating director.
Prior to joining Phoenix, Nash has held a number of senior operational management roles, including regional president of DBM, regional CEO of Millward Brown, part of WPP plc, and business unit director of Diageo.
Sandy Muirhead, managing partner of Phoenix, says: "We are delighted that Warwick has joined us; he brings a wealth of operating experience to the Phoenix team across a range of sectors, all of which have high relevance in helping drive value creation in our portfolio.”
Borro has secured a GBP67m lending facility through Victory Park Capital (VPC), an asset management firm that provides debt and equity financing to middle-market companies.
Borro, which has seen significant growth over the last five years, will use the new funding line to meet UK and US customer demand for large-scale personal asset loans.
Borro has disrupted the mainstream pawnbroking and auction industries by creating a liquidity platform for luxury personal assets. Launched in the UK in 2009 and in the US in 2012, Borro has defined a new category of personal asset lending in the process. With an average
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