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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
Temptime Corporation, a provider of time-temperature indicators to the healthcare industry, has acquired Connecticut-based William Laboratories to expand into blood temperature monitoring solutions.
Temptime’s acquisition is a significant step toward expanding its capabilities since it partnered in September with Water Street Healthcare Partners, a strategic investor focused exclusively on healthcare.
Temptime’s devices are used by the world’s largest health organisations and pharmaceutical companies to alert them if vaccines and other medical products have been exposed to temperatures that could damage or alter their effectiveness.
Temptime’s acquisition of William Laboratories expands the company into devices that monitor the temperature
Digital advertising agency Olson, a KRG Fund IV portfolio company, has acquired PulsePoint Group, an Austin-based digital marketing strategy consulting firm.
The addition of PulsePoint’s strategic expertise and tools further strengthens Olson’s digital creative and executional capabilities.
Olson chief executive officer John Partilla says Olson chose PulsePoint because of the calibre of the agency’s talent, a client list that includes blue-chip brands such as Toyota, Novartis and Delta Air Lines, and its proprietary tools such as the cloud-based Social Media Accelerator application, which helps marketers develop strategic social media plans to achieve specific campaign objectives.
KRG made an
Guernsey’s financial services regulator approved 33 new investment funds during the third quarter of 2013.
Figures released by the Guernsey Financial Services Commission (GFSC) show that it approved five open-ended funds, 19 closed-ended funds and nine non-Guernsey schemes between the start of June and the end of September this year.
Taking into account licences rescinded, there was net growth of 17 funds during the period.
However, the net asset value of funds under management and administration fell by GBP19bn (6.6 per cent) to GBP267bn at the end of September. That represents a decline of GBP7.4bn (2.7 per cent)
Ardian has sold its minority stake in the CEGOS Group to management and the CEGOS Association, a long-standing shareholder in the group.
The CEGOS Group is a specialist in vocational training services.
Since Ardian’s investment in 2009, the CEGOS Group has significantly increased its market share in France and, with the support of Ardian’s international presence in Singapore and Beijing, accelerated its development in Asia.
The CEGOS Group has been particularly active in expanding its “inter activity” training programmes which support groups of professionals from different companies.
In 2013, the CEGOS Group achieved a EUR166m turnover and
Altegris, a provider of alternative investments, has named Jack L Rivkin as chief investment officer.
Rivkin will oversee the firm's research and investments group and will be a member of the Altegris investment committee.
He will also have overall responsibility for identifying, selecting and monitoring fund managers across multiple investment disciplines and will oversee asset allocation and research for Altegris products. He will be a key representative of Altegris in the investment community.
Rivkin has held senior roles in the investment industry with Neuberger Berman, Citigroup Investments, and PaineWebber, among others. His managerial achievements have been featured in
MMC Ventures closed 18 deals and attracted more than USD100m in total investment into its portfolio in 2013.
One of the top five most active VCs in the UK, MMC welcomed nine new companies into its portfolio this year.
Research compiled by Ascendant showed that, despite overall falls in UK technology venture capital deals in Q3 2013, MMC bucked the trend and was listed as one of the most active investors. A separate report from UKFunders listed MMC as the top retail investor for the first nine months of 2013, with over 10 per cent of deals in the
The Small Business Investor Alliance (SBIA) has continued to achieve record growth in its membership in 2013, marking one of the fastest years of growth since the organisation’s inception 55 years ago.
SBIA increased its total number of member firms as 56 new firms and fund groups joined, including 12 limited partners.
“We are very pleased that our membership has grown substantially over the past year, reflecting the strong support for SBIA’s efforts by our nation’s leading private capital and institutional investors,” says Brett Palmer, president of SBIA. “It’s important that we build on the momentum that we’ve achieved
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