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Alternative asset manager The Carlyle Group has held the final close of Carlyle Partners VI, a USD13bn fund that invests in US corporate buyouts and strategic minority investments across six industries.
A total of 269 investors from 43 countries committed capital to the fund. The team began fundraising in late 2011 with a USD10bn target.
Allan Holt, managing director and co-head of the US buyout group, says: "We are grateful for the support of our fund investors, many of whom are repeat investors. Institutional and individual investors across the globe understand the value of having a proven buyout fund
The Vice Mayor of Shanghai has recognised the quality and stability of Guernsey’s financial services industry.
Tu Guangshao voiced his support for Guernsey as a well-regulated, compliant and cooperative international finance centre recognising the island’s “great achievements in financial regulation and development” during meetings in Shanghai last week with a Guernsey delegation, which included the island’s Chief Minister, Peter Harwood.
Harwood (pictured) says: “To receive this endorsement from Tu Guangshao, Vice Mayor of Shanghai, is very welcome. It reaffirms the strong relationship the Island has developed over time with the Vice Mayor since he first visited Guernsey in 2008,
Canadian venture capital (VC) investment rose sharply in Q3 2013, while Canadian buyout and related private equity (PE) deal-making showed continued moderate decline over the same period in 2012.
These were among the key findings from data released by CVCA – Canada's Venture Capital & Private Equity Association and research partner Thomson Reuters.
Investment activity in Canada's VC market rose sharply in terms of both deals and dollars in the third quarter of 2013. Disbursements by VC funds totalled CAD541m between July and September, up 48 per cent from the CAD366m invested at the same time in 2012. In
Risk Capital Partners, the private equity firm chaired by Luke Johnson, has backed management to acquire Neilson Active Holidays Ltd from the Thomas Cook Group for an undisclosed sum.
The transaction is expected to complete in early December.
This is Risk Capital Partners’ second deal this year in the travel industry.
Neilson delivers sailing, skiing and beach holidays to 90,000 customers a year and generated revenues of GBP70m last year. Established in 1978, Neilson sells its holidays direct to customers from its website www.neilson.co.uk and its own dedicated call centre based in Brighton Marina, as well as supporting
Nasdaq Private Market (NPM) has made two appointments to its senior leadership team – Carine Schneider will head NPM's equity management solutions and Cyndi Rodriguez will serve as chief legal officer.
Both will be based in San Francisco.
"We are excited to have Cyndi and Carine join NPM as we develop this market with Cyndi's strong regulatory background and Carine's expertise in equity plan management," says Greg Brogger, president of NPM.
Schneider and Rodriguez will report to Brogger, and Rodriguez will also report to Edward S. Knight, chief regulatory officer and general counsel, Nasdaq OMX.
Schneider will
Thames Valley accountants and business advisors James Cowper has advised global engineering consultancy Roughton Group on a restructuring and refinancing.
James Cowper has advised Roughton Group shareholders since 2011 to deliver an exit for two retiring shareholder directors. The advice has included a refinancing of the group with its bank and a restructuring of the equity.
Roughton Group is a multidisciplinary engineering consultancy based in Southampton delivering projects in Africa, Asia, Europe, UK, Latin America, the Caribbean, Mekong and the South Pacific with a particular specialism in advising on transport and infrastructure projects
Bernard Obika, chief executive,
Swedfund, the Swedish state’s venture capital company, and The Africa Health Fund through The Abraaj Group, an investor operating in global growth markets, have invested in The Nairobi Women’s Hospital.
The hospital is a private healthcare provider for women and their families in East Africa.
The investment in The Nairobi Women’s Hospital totals USD6.5m. It is the largest single foreign direct equity investment in private healthcare in Kenya this year. In 2010, the then newly formed Africa Health Fund invested in The Nairobi Women’s Hospital.
The objective of The Africa Health Fund is to increase access to, affordability
Fireman Capital Partners (FCP), a consumer-focused growth equity firm, has acquired a majority stake in Skip Hop, a lifestyle brand serving the infant and toddler industry.
Skip Hop founders Michael and Ellen Diamant will retain a meaningful ownership stake, and will continue to lead the company. Terms of the transaction were not disclosed.
Based in New York City, Skip Hop offers a wide range of products, including diaper bags, on-the-go accessories, soft and wooden toys, bedding, bath time, feeding, and the ZOO line of toddler products. The company’s products are sold at over 4,000 retail doors in the US
LA-based private equity firm Aurora Capital Group has acquired National Technical Systems (NTS), a provider of testing, inspection and certification solutions.
Aurora acquired NTS through an affiliated entity, which acquired all of the outstanding securities of NTS for USD23.00 per share in cash, which represents a premium of approximately 39 per cent to NTS's closing stock price on 15 August 2013.
NTS's shares of common stock have ceased trading on the Nasdaq Global Stock Market.
Michael J Marino, partner of Aurora Capital Group, says: "We have long been impressed with the capabilities that NTS and its founders have
Jersey Finance has welcomed the awarding of a AA+ Long Term Issuer Default Rating – one of the top international credit ratings – to The States of Jersey by Standard and Poor’s (S&P).
In addition, S&P has also given Jersey a stable outlook and a short term rating of A-1+, again the highest level possible.
Geoff Cook (pictured), chief executive, Jersey Finance, says: “Jersey being awarded the highest international credit rating possible is clearly very welcome news indeed, and provides us with a further globally recognised metric that can support Jersey’s reputation as a stable, robust jurisdiction on the
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