Latest News
High Road Capital Partners’ portfolio company Accurate Components & Fasteners has completed the acquisition of All Tool Sales.
Based in Franksville, Wisconsin, All Tool Sales operates through two divisions: All Fasteners, a distributor of industrial fasteners used by original-equipment manufacturers; and All Tool Sales, a distributor of cutting tools and industrial supplies.
“All Tool Sales has a strong reputation for high-quality products and consultative services through its vendor-managed inventory programmes,” says Benjamin A Schnakenberg, High Road partner. “This acquisition expands our footprint and solidifies Accurate’s position as a leading provider of industrial fasteners and other industrial supplies to manufacturers
Private equity firm HarbourVest Partners has promoted Julie Eiermann and Tim Flower to managing director.
Eiermann is one of HarbourVest’s longest-serving employees, joining the firm in 1993. During her 20 years with the firm, she has built the portfolio analytics team into one of HarbourVest’s most valuable assets. The portfolio analytics team is responsible for the collection, tracking, benchmarking, and analysis of all investment data, including primary partnership, secondary, and direct investments.
Eiermann joined HarbourVest from Advent International.
Flower joined HarbourVest’s secondary team in London in 2008. He has played a leading role in a number of significant transactions
Commercial law firm CMS Hasche Sigle is closing its Dresden office.
The current head, Dr Helmut Schwarz, is leaving the firm at the end of the year.
Schwarz is joining Hamburg-based partnership CADMUS and will work in both cities in the future.
Dr Hubertus Kolster, managing partner of CMS Hasche Sigle, says: "CMS Hasche Sigle will now focus its strong regional expertise on its Leipzig location. With more than 30 highly-qualified lawyers in our Leipzig office, we have been very active in the region's business world for many years, offering our innovative full-service advice with added international reach."
Asoka Wöhrmann, co-CIO of Deutsche Asset & Wealth Management, on the recent decision of the Federal Reserve to scale back its asset purchases modestly…
The Fed is not rushing for the exit. Monetary policy is likely to remain highly accommodative for a long time.
Based on our forecast of the economy strengthening in 2014, we expect the U.S. Federal Reserve Board (Fed) to scale back asset purchases further and probably end them by the second half of next year. The Fed will not begin raising rates until late 2015 at the earliest.
We don't see a huge move in US
Sprott Consulting has been awarded the mandate to co-manage a 10-year USD375m private equity fund by South Korea's National Pension Service (NPS).
A matching USD375m co-investment commitment is to be provided by the state-owned Korean Electrical Power Company (KEPCO), the largest electric utility in Korea.
Sprott Consulting will serve as co-manager of the fund along with Woori Asset Management, the asset manager of Korea's largest bank, Woori Financial Group. The mandate of the fund will be to make private equity investments in the global natural resources and power sectors.
"We are pleased to have been awarded this mandate
Global equities have much more room to appreciate given the positive global economic backdrop, and US equities are likely to prove the star performer in 2014, according to John F Vail (pictured), Chief Global Strategist and Chair of the Nikko Asset Management’s Global Investment Committee (GIC)…
On the back of a spectacular year of performance for indices such as the S&P 500 and the Nikkei 225, equities generally topped the GIC’s forecasts for 2013. We have been overweight equities since September 2011.
In the US, booming home prices added around USD428 billion to US household wealth in the 3rd quarter,
Ares Capital has acquired a diversified middle-market corporate loan portfolio managed by a global banking institution for approximately USD319m.
The portfolio is primarily comprised of first lien senior loans, and to a lesser extent, second lien loans and small equity co-investments.
The portfolio is comprised of 32 investments in 23 portfolio companies in industries that are generally similar to those in Ares Capital’s portfolio.
“As the banking industry faces increasing regulatory restrictions, we are seeing more opportunities such as this to purchase high-quality, middle-market loan portfolios from financial institutions where we see potential to create value,” says Michael
Oakley Capital Corporate Finance has advised on the sale of cloud services provider e-know.net to Nasstar to create a significant new quoted cloud hosting and applications business.
Nasstar has announced the proposed acquisition of Denara, the holding company of e-know.net, for an equity consideration of GBP13m. Oakley is advising Denara on the transaction.
e-know.net provides a comprehensive cloud services package, offering hosted desktop and hosted exchange services, with the ability to host a wide variety of software applications on behalf of clients, as well as providing hosted telephony and managed data network services. e-know.net has high recurring revenues and
ICL, a global minerals based products producer, has entered into a definitive agreement to acquire Vale Fertilizantes’s share in Fosbrasil, a joint venture producing purified phosphoric acid and raw materials for fertilisers located in Brazil.
The proposed transaction is subject to the approval of Brazilian competition authorities (CADE) and other customary approvals.
The purchase of Vale’s shares will increase ICL’s ownership share to a majority position in a major producer of phosphoric acid in South America.
The transaction supports and is in concert with ICL’s recent announcement on its new strategy “The Next Step Forward,” as the acquisition
HgCapital, the European sector-focused private equity investor, has acquired 91.85 per cent of Personal & Informatik (P&I), a payroll and transaction HR software provider, from The Carlyle Group.
Headquartered in Wiesbaden, Germany, P&I provides payroll and HR-related software to mid-market companies and the public sector in Germany and the surrounding region.
The company serves almost 4,000 direct and 15,000 indirect customers and generated revenue of EUR82m in FY 2013. The business offers software for the management of payroll, workforce, time management and human capital management. It typically services SMEs with 200 to 5,000 employees across industries as well as
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
