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Actis, the pan emerging markets private equity firm, has appointed Neil A Brown as Partner and Head of Investor Relations.
Brown spent a number of years at Citigroup in New York and London as a business head within Citi’s Alternative Investments business, which at its peak managed more than USD100 billion in assets. Brown was a member of the business leadership group, leading a team working on product development, sales, client service and AI research. Neil was subsequently with Allco Finance Group in Sydney as Head of Funds Management and Head of Debt and Equity Capital Markets.
Most recently Neil
Palatine Private Equity has backed the secondary management buyout of social housing contractor Forrest, investing GBP16million for a significant minority stake.
The deal is Palatine’s fourth investment from its second Fund, which achieved a final close of GBP150million in June this year. The transaction sees private equity firm LDC achieve a partial exit, but leaves Palatine and LDC with a combined majority stake in the business.
Bolton-based Forrest is a leading provider of essential refurbishment and responsive maintenance services to the social housing market in the North of England. Over the last three years Forrest has established a renewables
The Russian Direct Investment Fund (RDIF) and Deutsche Bank have made a joint investment in Russia’s largest telecommunications company, Rostelecom.
The two parties will invest a total of USD237.1m on a parity basis, which will be used to further develop and strengthen the company’s market position. The transaction has received the necessary approval from Rostelecom, as well as the governing bodies of RDIF and Deutsche Bank.
As a result of the deal, the two investors will purchase 72,187,366 Rostelecom ordinary shares from its subsidiary company MOBITEL. The structure of the deal also contains agreements relating to call and put options,
Platform Acquisition Holdings is to acquire MacDermid, a provider of high value-added specialty chemicals, for approximately USD1.8bn plus contingent consideration.
Platform will be renamed Platform Specialty Products Corporation (PSP). Following the close of the transaction, PSP expects to complete a listing of its shares on the New York Stock Exchange by the end of 2013.
Platform's shares and warrants have been suspended from trading on the London Stock Exchange and it is not expected that trading will resume. It is anticipated that Platform's listing of shares and warrants on the London Stock Exchange will be cancelled on or shortly after the
Wynnchurch Capital, a middle-market private equity investment firm, has appointed Jim Goodwin, former chairman and chief executive of UAL and United Airlines, and Joe Anderson, former chairman, CEO and majority owner of TAG, to the firm’s executive advisory board.
Established earlier this year, the executive advisory board connects influential business leaders with portfolio company leadership to pass on expertise and acumen in targeted industries, geographic markets and business disciplines.
Goodwin (pictured) is currently the non-executive chairman of the board of Federal Signal Corporation and serves on the boards of directors of AAR, JB Technologies and the board of
Novitas Partners has entered into a strategic alliance with AlfaSec Advisors, which has offices in both Hong Kong and Singapore and provides advisory services to financial institutions in the Asia region.
AlfaSec will work with Novitas to provide on the ground market intelligence and assistance on transaction execution.
AlfaSec Advisors has been founded by three Asian based experienced professionals:
• Roger Harrold (pictured): formerly managing director Asia Pacific for investor services at JP Morgan, and before that managing director and group business head for investor services at Deutsche Bank.
• Giles Elliott: formerly managing director and global product
Bacchus Capital Management, a San Francisco-based private equity firm providing strategic capital in the wine industry, has exited its investment in Qupe, a California Central Coast wine producer.
The firm had provided a second lien loan to the winery, which was founded by Bob Lindquist, in March of 2011.
"Bob Lindquist is a leader and innovator in the wine industry," says Sam Bronfman, Bacchus Capital co-founder and managing partner. "I am sure his wines will continue to garner the accolades for which he is known, and we wish Bob much success going forward."
"Bob has been a terrific partner," says
Law firm Michelmores has appointed corporate lawyer Roger Fink as a partner at its Chancery Lane, London office.
Fink, who qualified with Slaughter and May and has been a partner at Pinsent Masons for over 20 years, is recognised for his experience on leading multi-disciplinary teams on deal sizes ranging from under GBP1m to over GBP2bn, acting for private equity, insurance, retail and other clients.
His transactional experience includes leveraged buy-outs, management buy-outs, public to privates, joint ventures, acquisitions and disposals of insurance intermediaries and management share structures.
Roger’s appointment brings Michelmores’ partnership to 58.
Stephen
Ferdinando Grimaldi, Yves Alexandre and Felipe Merry del Val have launched L-GAM, an investment company established in partnership with the Princely Family of Liechtenstein.
L-GAM has a differentiated business model based on its long-term investment focus and its flexible mandate to provide capital solutions. With existing capital commitments of EUR240m, L-GAM will work with selected like-minded parties to invest capital of up to EUR325m in total.
L-GAM will be targeting investment opportunities in non-listed companies throughout Europe. It will invest in a variety of private equity, distressed and special opportunities across a broad spectrum of industries, including industrial manufacturing, business
Advent International has exited its investment in Oxea, one of the largest manufacturers of Oxo chemicals.
Oman Oil Company (OOC), a commercial company wholly owned by the Government of the Sultanate of Oman, will acquire Oxea to strengthen its position in the chemicals sector.
The acquisition is subject to antitrust approvals and satisfaction of other conditions. The purchase price has not been disclosed.
OOC supports the Sultanate’s economic development programme “Vision 2020” which is aimed at diversifying the economy across a variety of industrial and commercial activities in Oman and abroad while decreasing dependence on oil. With
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