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KKR has invested approximately MYR642m (USD200m) for a substantial minority equity stake in Weststar Aviation Services.
This will be KKR’s first investment in Malaysia. Additional terms of the transaction have not been disclosed.
Founded in 2003, Weststar is a provider of offshore helicopter transportation services to the oil and gas industry. With a large and modern fleet of world-class helicopters and a stable of blue chip oil and gas companies as customers, Weststar focuses on providing quality offshore helicopter services and is the largest of such providers in Southeast Asia.
“KKR has significant experience investing in the
Gravitas has launched Gravitas Atmosphere, a secure, private, cloud-based online file sharing, sync and storage service, for the alternative investment industry.
Gravitas Atmosphere was designed for asset management professionals to access, share and synchronise corporate data or files from any authorised computer or mobile device anytime, anywhere, within a private, secure environment.
Gravitas has partnered with EMC Syncplicity and EMC Atmos to deliver Gravitas Atmosphere within the Gravitas Private Cloud, which is powered by VCE’s Vblock technology.
“The collaborative, dynamic ways in which we work have changed things dramatically and the alternative asset management industry is no exception,” says Patrick
The Australian Private Equity and Venture Capital Association (AVCAL) has appointed Yasser El-Ansary as its new chief executive officer, effective from 20 November 2013.
El-Ansary (pictured) is currently a senior executive at the Institute of Chartered Accountants Australia, where he is responsible for leadership of the organisation’s public policy and advocacy work with government, since joining in 2009.
During the course of his career, El-Ansary has spent almost 20 years in a variety of business advisory roles with PwC, Rio Tinto and Australand Property Group. He also has experience as a policy adviser with the Federal Department of the
Investment firm KKR is to acquire The Crosby Group and Acco Material Handling Solutions from Melrose Industries for approximately USD1.0bn.
With roots dating back to 1885, Crosby is a provider of highly engineered solutions for lifting and rigging applications across the oil and gas, construction, mining and industrial sectors. Headquartered in Tulsa, Oklahoma, Crosby has over 1,300 employees globally and is known for its iconic brands, including Crosby, McKissick, National and Lebus.
Acco, headquartered in York, Pennsylvania, has 130 employees and provides custom-built specialty material handling equipment, including a full line of hoists, industrial cranes, monorails, carts and
Law firm Proskauer has appointed private equity/buyouts lawyer Steven M Peck to the firm’s corporate department and private equity and mergers and acquisitions groups.
Peck’s diverse transactional experience includes representing private equity sponsors, multi-national corporations, and other market participants in their most challenging transactional matters in the US and throughout the world. He also advises clients regarding securities law issues, disclosure and compliance matters, and corporate governance.
“Steve is an accomplished transactional lawyer who is highly regarded by both clients and colleagues in the private equity industry,” says Proskauer chairman Joseph M Leccese. “He is an important addition
Intralinks’ Q3 2013 Deal Flow Indicator (DFI) predicts an 18 per cent increase in year-over-year early-stage global M&A activity in early 2014, with particularly strong performance in Europe, Middle East and Africa (EMEA) and Latin America.
With overall deal flow only slightly below the record level seen in the previous report, indications are there is a sustained recovery underway in the global M&A market.
“We expect the growth in global M&A activity to continue unabated into 2014,” says Matt Porzio, vice president, M&A strategy and product marketing at Intralinks. “The DFI data indicates year-over-year growth in all geographies,
Electra Partners has agreed to sell its interest in feminine hygiene brand Lil-lets Group to Premier Foods, a South African manufacturer and distributor of fast moving consumer goods.
The transaction is subject to regulatory approvals in South Africa.
Allowing for the process of applying for regulatory approvals, on completion Electra Private Equity will receive gross proceeds of GBP37m. Based on the 31 March 2013 valuation of Lil-lets, this level of proceeds would imply a reduction in Electra's diluted NAV per share of 12p. This is explained by a weakening currency in South Africa.
Lil-lets is a branded
Amundi’s acquisition of Smith Breeden Associates has been finalised following completion of the customary conditions of informing regulatory authorities and gaining approval from certain clients and shareholders.
Smith Breeden Associates is now Amundi Smith Breeden.
Paris, France-based Amundi is a European asset management firm with close to EUR750bn in assets. Amundi Smith Breeden is the North American investment headquarters for Amundi.
The creation of Amundi Smith Breeden, a fully-owned and controlled subsidiary within Amundi’s fixed income organisation, is a significant step toward Amundi’s goal of creating a global fixed income platform with established regional expertise.
There
Belltown Alpha Renewables has completed the acquisition of a 10.2MWp solar project in Somerset and a 500kW wind project in Wales.
Belltown Alpha Renewables was formed in May 2013 as a joint venture between Belltown Power and Alpha Real Capital, which has committed an initial GBP50m to fund the acquisition and construction of 30MW of wind, solar PV, hydro and biomass assets in the UK.
“We are very pleased to have completed our first two transactions ahead of our business plan,” says Belltown Power chief executive Michael Kaplan. “The opportunity to build small and medium scale renewable energy
Private equity firm GTCR is to sell its portfolio company Six3 Systems to CACI International, a provider of information solutions and services to government customers, for USD820m.
Headquartered in McLean, Virginia, Six3 is a high-end national security and defence intelligence services provider focused on developing and acquiring specialised capabilities that cater to the intelligence community, Department of Defense and civilian security agencies.
Six3 was formed in July 2009 by industry veteran Bob Coleman in partnership with GTCR. Through a series of four acquisitions, Six3 has established a strong presence in the areas of intelligence surveillance and reconnaissance, intelligence
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