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Blackstone Advisory Partners has appointed Karl Knapp as a senior managing director based in New York to head up the group’s global industrials practice.
Knapp brings over 20 years of dedicated industry experience, most recently as the head of the global industrials group at UBS and a vice chairman of UBS’ investment banking division.
Transactions led by Knapp include: advising Anglo-American Corporation on its USD8bn demerger of its paper and packaging subsidiary, Mondi; Stora-Enso on the sale of its North American Papers Division for USD2.5bn; International Paper on its USD4.3bn acquisition of Temple-Inland; and, most recently, advising Koch
Private equity firm Aquiline Capital Partners has completed its previously announced acquisition of Genworth Wealth Management for USD412.5m from Genworth Financial.
The acquisition includes both of Genworth Wealth Management’s businesses: Genworth Financial Wealth Management (GFWM), an investment management and services platform, and Altegris, a provider of liquid alternative investments.
Private equity and venture capital funds based in the US kicked off the first quarter of 2013 with positive, single-digit returns that were higher than the previous period.
In the midst of a strong first quarter for public equities, however, both alternative asset classes underperformed the public markets, according to benchmark indices published by Cambridge Associates.
The Cambridge Associates LLC US Private Equity Index rose 4.5 per cent for the period ending 31 March 2013, which was a 1.0 per cent improvement over its performance the prior quarter. For comparison, the S&P 500 index rose 10.6 per cent
Scotland’s largest independent brewery BrewDog has officially broken its own crowdfunding record, raising GBP3m in two months through selling shares to beer fans with its “Equity for Punks” scheme.
The record-breaking start to the campaign takes the brewery three quarters of the way to reaching its GBP4m target in less than a third of the time it allocated to the programme.
The company – Britain’s fastest growing food and drinks brand – made 42,000 shares available to anyone to buy online at GBP95 each, ignoring traditional methods of funding to support its growth. Unlike many crowdfunding programmes that
Private equity fund Estancia Capital Partners has acquired a minority interest in Equinoxe Alternative Investment Services, joining XL Group as a strategic investor in the firm.
Terms of the transaction were not disclosed.
Equinoxe is a boutique full-service alternative investment fund administration company founded by a group of hedge fund administration professionals, with over USD12.5bn of assets under administration (AUA) currently from over 150 alternative investment funds.
"Equinoxe is a premier service provider within the global alternative investment fund administration space led by a proven management team that has previously successfully built two similar service businesses," says
Nokia Corporation is to sell its Devices & Services business and licence its patents to Microsoft for EUR5.44 billion in cash, payable at closing.
Nokia expects to book a gain on sale of approximately EUR3.2 billion, and expects the transaction to be significantly accretive to earnings.
The transaction is expected to close in the first quarter of 2014, subject to approval by Nokia shareholders, regulatory approvals and other customary closing conditions.
Following the transaction, Nokia plans to focus on its three established businesses, each of which is a leader in enabling mobility in its respective market segment: NSN, a leader
Business Talent Group, which brings organisations and top-tier independent professionals together to drive change and address business challenges, has added director Paul Tufaro to its client development team.
With more than six years of investment banking and private equity experience, and an MBA from Georgetown University, Tufaro will work from BTG’s New York office to serve organisations across the region.
“I look forward to leveraging my private equity experience and retail investment banking background to educate companies about the power of this model,” Tufaro says.
BTG, founded seven years ago, helps some of the world’s best known
Altius Associates has made adjustments to its executive management team, with John A Hess, the co-founder and chief executive officer since 1998, assuming the full time role of executive chairman.
Assuming the chief executive role with immediate effect will be a triumvirate of three existing executive directors of the firm: Jenny Fenton, currently chief operating officer; Brad Young, currently head of investments, and Eric Warner, currently head of investor relations. The three will carry the title of co-CEO.
The changes follow a long-scheduled plan by the board to evolve the leadership structure of the firm in support of its
Kaiima Bio-Agritech, an Israel-based seed-and-breeding technology company, has raised more than USD65m in equity from three new investors as well as some current ones.
The three new investors are: Horizons Ventures, which manages the private investments of Li Ka-shing in Internet and technology globally; the International Financial Corporation (IFC), a member of the World Bank Group; and Infinity Group, the cross-border, China-focused, private equity fund and innovation platform.
Existing investors include DFJ, DFJ-Tamir Fishman, Mitsui, KPCB, Oberlee and Musea Ventures.
Kaiima’s proprietary Enhanced Ploidy technology (EP) multiplies the plant’s genome without compromising its integrity. This non-GMO technology
A consortium of private investors has submitted an application to Avtodor SC to take part in the tender for the construction of a section of the M11 toll road, which will run between Moscow and St. Petersburg.
The consortium comprises the Russian Direct Investment Fund (RDIF), Macquarie Russia and CIS Infrastructure Fund (MRIF), Lider CJSC and Gazprombank OJSC.
Members of the consortium have high profile expertise in execution of infrastructure projects including the construction of roads in Russia.
The M11 highway will run parallel to the existing M10 road and will significantly increase the speed of road
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