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August Equity has closed its latest fund, August Equity Partners III, having reached its hard cap of GBP200m.
August Equity has already completed two investments from the fund, both of which were completed in off-market transactions.
In September 2013 it acquired Minerva Education, an operator of independent day schools offering an outstanding private education.
In November 2013 August Equity completed the acquisition of Essex-based The Old Deanery Care Village, which has two care homes, The Old Deanery and St. Mary’s Court, on its 10 acre site.
August Equity managing partner Philip Rattle says: “We are delighted with
Private equity firm American Industrial Partners (AIP) has completed the acquisition of the transportation products division (CTP) of Carlisle Companies Incorporated.
The investment was made out of American Industrial Partners Capital Fund V, a USD717.5m fund that closed in December 2011.
CTP, founded in 1917, is a manufacturer of specialty tyres, wheels and power transmission belts for a range of end markets including the outdoor power equipment, agricultural/construction, high speed trailer and power sports markets. The company has revenue of approximately USD765m and 4,000 employees across seven manufacturing facilities and 10 distribution facilities located in the US, Canada, Europe
Private equity fund Estancia Capital Partners has closed on its strategic growth capital investment in Snowden Capital Advisors.
Snowden represents Estancia’s fourth investment from its inaugural fund Estancia Capital Partners, L.P. Terms of the investment have not been disclosed.
Snowden is a nationally branded, open-architecture, hybrid SEC registered investment adviser and broker-dealer that provides wealth advisory services to individuals, families, and institutional clients. Snowden will use the invested capital to continue recruiting exceptional financial advisory teams in selected markets. Snowden is headquartered in New York City and currently has additional offices in California and Connecticut.
“Estancia continues to
Falconhead Capital, a private equity firm specialising in growing sports and consumer-focused businesses, has sold its portfolio company NYDJ Apparel to Crestview Partners and Maybrook Capital Partners.
Financial terms of the transaction have not been disclosed.
Headquartered in Vernon, California, NYDJ offers a range of products to women. Under Falconhead's ownership, the company expanded in both domestic and international markets, entered the market for tops (shirts, blouses and other items) and began to sell merchandise through its website. Today, NYDJ is the top-selling women's denim brand in US department stores.
David S Moross, chairman and chief executive officer
Private equity firm GenNx360 Capital Partners has appointed Otis Spencer, Jr as operating partner effective 2 January.
Spencer reports to Lloyd G Trotter, founding and managing partner.
Spencer will have the primary directive of creating value by driving operational execution within the GenNx360 portfolio. In addition, he will work with the GenNx360 investment team to identify and evaluate new platform opportunities, conducting strategic and operational analysis of potential deals as well as business model sustainability.
Spencer has over 23 years of operating experience in many of GenNx360's focus industries, such as industrial manufacturing, logistics, transportation components, defence, specialty
Global alternative asset manager The Carlyle Group has named Julius Genachowski as managing director and partner in the US buyout team.
He will focus on investments in global technology, media and telecom, including Internet and mobile.
Genachowski (pictured) is returning to the private sector after serving as chairman of the US Federal Communications Commission for four years, departing last May. He is an accomplished leader and expert in technology, media and telecom and brings to Carlyle almost 20 years of experience in the space. Genachowski joins Carlyle today and will be based in Washington, DC.
Allan Holt, co-head
Keensight Capital has acquired a majority stake in Smile, a European open source solutions specialist, alongside the firm’s management and its historic investor, Edmond de Rothschild Investment Partners.
Founded 20 years ago, Smile has become over the last ten years a key player in the open source market in Europe, with a full range of integration services for any type of company or administration.
With a sustained annual growth of 25 per cent on average over the last five years, it has achieved a turnover of around EUR50m in 2013 and currently has more than 700 employees spread out over
Deutsche Bank’s fund services business has appointed Kelly Gouveia as a vice president and head of its trustee business in Jersey.
The fund services business in Jersey is a full fund service provider, providing third party fund administration, trustee and transfer agency services to hedge funds, private equity, real estate and fund of fund managers. The fund services business today services over USD200bn of assets globally.
In her new role, Gouveia (pictured) will be responsible for ensuring the trustee function for the fund services business in Jersey is effectively managed, governed and compliant with local legislation and regulation as
Mid-market private debt manager Beechbrook Capital has completed two new mezzanine loans through its second fund, Beechbrook Mezzanine II, as well as its first exit from Beechbrook Mezzanine I.
The two new investments are a mezzanine loan to Simply Biz, a business that provides compliance and business support to over 5,000 financial advisers throughout the UK, and a mezzanine loan to N-Sea, an integrated subsea infrastructure services provider and portfolio company of Dutch sponsor Value Enhancement Partners.
Simply Biz was seeking finance to make a corporate acquisition in order to expand its range of products and services. N-Sea was
Akin Gump Strauss Hauer & Feld has promoted eight attorneys to the partnership, effective 1 January 2014.
Rob Boller is in the firm’s litigation practice. He represents companies, partnerships and individuals in a variety of litigation and criminal/regulatory matters, with a particular focus on disputes arising out of complex financial transactions. He also counsels creditors and creditors’ committees in litigation arising out of bankruptcy.
Brian Carney is in the firm’s litigation practice in New York. His practice focuses on complex commercial litigation matters in bankruptcy court, federal district court and New York state courts, especially matters involving private equity funds,
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