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American Capital Energy & Infrastructure (ACEI) has partnered with a veteran management team to create BMR Energy, an energy company focused on developing and investing in power and related energy infrastructure throughout Central America and the Caribbean.
Led by Bruce Levy as chief executive officer, BMR's management team has over 60 years of collective experience in global energy project development, acquisition and operations.
Levy has held key executive positions in the US and international energy sectors for the past 30 years, most recently as president and CEO of International Power North America (now part of GDF SUEZ Energy International).
Clearwater Corporate Finance completed 28 deals with a total value of over GBP750m in 2013 – more than a 50 per cent increase on 2012.
The Manchester-based firm celebrated its 10th anniversary this year and all of the sector groups have seen significant improvements in business levels.
Key deals advised on by Clearwater during 2013 include:
• The sale of Gill Marine, a technical clothing brand, to YFM Equity Partners;
• The refinancing of holiday park business Park Resorts and the subsequent acquisition of South Lakeland Parks;
• LDC’s private equity investment in clothing brand Joules;
• The sale of software business CSC to US-based Trimble Navigation;
• The sale of
Ingenious, the UK alternative investment and advisory group, has strengthened its clean energy division with five new appointments, including Helen Wade as a senior investment director.
In addition, the firm has appointed one investment director, one investment manager and two investment associates. The appointments bring Ingenious Clean Energy’s team of investment professionals to 12, with over 50 years’ renewables and energy efficiency experience between them.
Ingenious is one of the fastest growing companies in the UK, having raised and deployed over GBP8bn in alternative investment sectors since 1998.
Ingenious Clean Energy was established in 2010 to enable Ingenious clients
Ardian and Resource Partners have increased their joint investment in SIA Baltcom TV, Latvia’s largest cable television operator, by completing the buyout of a minority shareholder.
This transaction strengthens Ardian’s and Resource Partners’ strategic partnership, having initially invested in Baltcom in May 2011.
Baltcom TV SIA was founded in 1991. It is one of the leading telecommunication companies in Latvia, offering analogue and interactive digital TV, high-speed internet and fixed telephony services and, since August 2013, electric energy retail distribution for households.
Ardian and Resource Partners have considerable experience in investing in telecommunication and cable television companies, collectively
Dear readers, the Private Equity Wire team is taking its annual seasonal break from Monday 23 December and will resume distribution of the daily newswire on Monday 6 January.
Steven O’Hanlon, Head of Fixed Income at ACPI Investment Managers comments on FED announcement on tapering…
The impact of the Federal Reserve reducing its asset purchase programme will ultimately be significant; in many ways it will be like taking a teenager off their parent’s credit card.
Emerging markets, who have become reliant on this flow of money from the West, will need to introduce structural reforms to cope with the loss of this and the impact it will have on their economies. These reforms have been put on the back burner in many countries over the past few years,
Mid-market private equity provider LDC has completed an investment to support the GBP17.8m management buyout of GMG Property Services, a UK provider of software services to estate agents.
The business will be rebranded the Property Software Group.
LDC will take a significant stake in the business, investing alongside the incumbent management team led by chief executive Mark Goddard.
Established in 2007, GMG Property Services is the UK’s largest supplier of software, technology and design solutions to the property industry. Its circa 6,700 strong branches comprises some of the UK’s leading residential sales agents, residential letting agents and managers
ARX Equity Partners has fully exited its investment in Polish plastics processor, Ergis Eurofilms, generating an overall internal rate of return of over 33 per cent and 4.5 cash-on-cash multiple.
The ARX exit was executed via a series of block trades to investors on the Warsaw Stock Exchange in December 2013, which followed the partial realisation of the Ergis investment in 2006.
ARX originally acquired a majority shareholding in the packaging company in 2003 in a leveraged management buyout transaction in partnership with Ergis managers Tadeusz Nowicki and Marek Gorski. Several value-creation initiatives have been implemented during the period
Private investment firm Forstmann Little is to sell its ownership stake in sports, fashion and media business IMG Worldwide to Silver Lake Partners and William Morris Endeavor Entertainment.
The transaction concludes a successful partnership between Forstmann Little and IMG, during which IMG grew into one of the world’s premier sports, entertainment and media companies with 3,500 employees in more than 30 countries around the world, and involved in an average of 11 sports and entertainment events every day.
“Today marks the successful culmination of the bold global strategy devised by Ted Forstmann for IMG over many years,” says Mark
AllianceBernstein, a global investment management firm with USD447bn in assets under management, has appointed Christine Johnson as senior vice president – head of alternatives product management.
In this newly created role, Johnson will join AllianceBernstein's growing alternatives team and collaborate with senior investment and distribution executives to drive the growth of the firm's alternatives business.
Her primary responsibilities will be to shape a strategic vision and brand for the platform, focus the team on key business opportunities, and partner with distribution channels to position products and support client engagement.
Johnson will report to Steven Eisenberg, chief operating officer
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