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Eagle Energy Exploration has received an equity commitment of up to USD300m from energy private equity firm Riverstone.
The Riverstone commitment comprises up to USD200m from Riverstone Global Energy and Power Fund V and up to USD100 m from Riverstone Energy Limited (REL).
Eagle will pursue oil and gas exploration and production opportunities in the Mid-Continent region of the US, leveraging its operating experience in the region and building on its prior success accumulating, delineating and developing acreage in the Mississippi Lime.
This venture represents the second partnership between Riverstone and Eagle management, led by Steve Antry
OFI InfraVia’s European fund II (InfraVia II), its second European infrastructure fund, has acquired Outokumpu’s electricity distribution network located on the Tornio site in Finland.
With the transaction, a number of Outokumpu employees are transferring to RIG (Röyttä Industrial Grid), a new industrial electricity distribution company established by InfraVia II and which will continue to operate the network.
“RIG is an excellent electricity distribution asset with a strong contractual framework and an attractive investment profile, which aligns perfectly with our investment strategy in midcap infrastructure assets supporting solid industrial partners,” says Vincent Levita, founder and chief executive of OFI
Growth equity firm General Atlantic (GA) has promoted Robbert Vorhoff to managing director and Aaron Goldman and Amit Soni to principal.
Vorhoff is based in New York and leads GA’s global healthcare sector. Goldman and Soni are senior professionals in the firm’s New York and Mumbai offices, respectively.
“We are proud to have Robb as a managing director at GA. He is a highly talented professional who leads our investments in the healthcare sector, a dynamic industry in which we see high growth opportunities both here and abroad,” says William E Ford, chief executive of General Atlantic. “We are
David Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices, comments on Facebook’s inclusion in the S&P 500…
On 11 December, after the market closed, S&P Dow Jones Indices announced that Facebook will join the S&P 500 as of the market open on Monday, 23 December. This was probably one of most predicted, asked about and commented on additions to the S&P 500 in the last few years. Measured by the number of suggestions to (or demands of) the index committee, Facebook ranks with other tech darlings including Google, Yahoo and AOL.
Facebook closed at USD49.38 on 11
Fitch Ratings has updated its Investment Manager and Alternative Funds Criteria report, which applies to the ratings of traditional investment managers, alternative investment managers, business development companies and alternative funds.
The updated criteria report replaces the existing report of the same name that was published on 17 December 2012.
Changes to the criteria report are solely intended to provide appropriate clarifying language regarding Fitch's analytical approach, and do not reflect any changes in Fitch's analysis. As such, no rating implications arise as a result of the updated criteria report.
JTC Group has acquired Anson Fund Managers Limited (AFML), the fund administration business of the Anson Group, which is based in Guernsey and represents GBP11.5bn in funds under administration.
AFML specialises in providing a wide range of support services to companies and funds. Its clients include trading companies, open ended and closed ended funds and unit trusts, investment companies and limited partnerships, many of which are listed on stock exchanges such as the London Stock Exchange, Euronext and AIM.
In addition to working for many London listed companies including FTSE 350 members, AFML also acts for a third of
U-Boat Worx has partnered with Exa Limited, a company owned by entrepreneur Tan Sri Lim Kok Thay who spearheads the Asian conglomerate Genting Group.
The partnership is aimed at advancing U-Boat Worx’ growth path in the coming years, which includes increased production capacity, reduction of delivery times, and improvement of global support.
“This is an innovative product that offers the unique experience of deep-sea exploration and ocean diving without getting into scuba gear. I am impressed that U-Boat Worx’ team has established the company as the market leader in the field of manned submersibles, notwithstanding the adverse economic environment,”
KBL European Private Bankers (KBL epb) has appointed Marc Formisani, a senior professional with more than a decade of corporate finance experience, as head of mergers & acquisitions, based in Luxembourg.
Formisani will lead, coordinate and execute the M&A process, in close collaboration with all relevant stakeholders.
He has also been mandated to provide analysis and act as a trusted advisor to the KBL epb executive committee.
“Today, KBL epb has significant growth ambitions and the full support of our shareholder to achieve our goals,” says Jacques Peters, group chief executive, KBL epb. “Marc Formisani will play a
Private investors Francis Louvard and Gregory Ingram have acquired just under 90 per cent of the shares in KGAL.
The firm is a specialist in fund and asset management and is headquartered in Grünwald, near Munich.
The current owners, Commerzbank, Bayerische Landesbank, Haspa Finanzholding and Sal. Oppenheim, retain a stake of around 10 per cent.
CMS Hasche Sigle advised the two investors on all legal aspects of the purchase via a team led by Dr Peter von Borch and Richard Mitterhuber.
The KGAL Group is an asset manager for tangible assets, specialising in real estate, infrastructure, aircraft
Carey Olsen has advised Nordic private equity firm FSN Capital Partners on its latest fund, FSN Capital IV, which closed with SEK5.25bn (EUR600m) of commitments.
FSN Capital was established in 2000 and primarily focuses on mid-marked Nordic companies with significant potential to become international leaders.
FSN Capital IV held its final close on 19 November 2013 exceeding its target of SEK5bn (EUR565m). Its previous fund, FSN Capital III, closed in 2008 at EUR375m.
Fundraising for FSN Capital IV was ended late September (for all but one investor) two months after the first closing and only six months after
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