Latest News
NBGI Private Equity (NBGIPE), the lower mid-market buyout firm, has sold its majority stake in Ochre House to US-based Pinstripe backed by Accel-KKR, which delivers a 4x return on NBGIPE’s original investment.
The sale will result in the combined business becoming the largest independent provider of global recruitment process outsourcing (RPO) and talent management solutions.
Ochre House has rapidly grown to become a leading provider of talent management services in the UK, Continental Europe and the Middle East and represents a significant EMEA platform for the US buyer, Pinstripe. The EMEA market is estimated at approximately USD967m and
Alter Domus hosted a breakfast seminar on the Alternative Investment Fund Managers Directive at the Savoy Hotel in London this week, entitled “AIFMD Depositary: Concrete Solutions to the challenges ahead”.
The event was attended by several representatives from some of the leading international private equity and real estate firms. Alter Domus provided the audience with specific answers on the depositary function, and also on private placement servicing solutions in the Channel Islands.
As previously announced, subject to regulatory approval the firm is launching new depositary services in Luxembourg and is in the course of preparing its application to
AnaCap Financial Partners and the management of Simply Business have completed the management buyout of the small business insurance provider.
Under the terms of the agreement, funds advised by AnaCap and Simply Business’s management will acquire 100 per cent of Simply Business.
Established in 2005 by parent company Xbridge, Simply Business was amongst the earliest online brokers within the commercial insurance market. Using technology to simplify the process of buying small business insurance, the company has achieved rapid growth, from revenues of GBP4.2m in 2006 to GBP22.9m in 2012, and now insures more than 225,000 small businesses across
A large section of firms taken over by private equity buy-outs see their performance fall even further behind their industry rivals, according to a new study.
In the first statistical analysis of the private equity’s institutional buy-outs (IBO), which made up nearly half of all public-to-private buy-outs during the researched decade, Geoffrey Wood of Warwick Business School, Marc Goergen of Cardiff University, and Noel O’Sullivan of Loughborough University, discovered that when they compared 105 publicly-listed firms that went through a buy-out between 1997 and 2006 to a control group of their industry rivals they fell further behind after the takeover.
Germany’s largest online optician Mister Spex, a portfolio company of private equity firm DN Capital, has acquired two Swedish online eyewear operations, Lensstore and Loveyewear.
“With this step we demonstrate our leading position in Europe and accelerate our international expansion,” says Dirk Graber, founder and chief executive of Mister Spex. “We merge the business activities of the three fastest growing online eyewear companies in Europe. As early as 2013 we will jointly generate revenues of EUR48m.”
Lensstore sells contact lenses with a geographic focus on Sweden, Norway and Finland. Loveyewear offers premium brand prescription glasses and sunglasses in
RRE Ventures, an early stage venture investor based in New York, has appointed Steve Schlafman as a principal.
Schlafman (pictured) brings a wide range of investment experience to RRE.
"New York represents one of the most exciting markets in the Venture Capital industry today," says Stuart Ellman, RRE Ventures co-managing partner. "As one of the largest and most active early stage investors in the New York region, a key element of RRE Ventures’ success has been our ability to attract highly talented investors to work alongside the entrepreneurs leading the next wave of innovation here. Steve Schlafman has a stellar reputation within the entrepreneur community and will be immediately accretive to our mission."
SC Distributors, an alternative investment distribution organisation, has appointed Shelle Graves as regional vice president for the South Central region, which includes Texas, Oklahoma and Louisiana.
Graves joins SC Distributors from RS Funds, where she was a proven top performer over the past nine and a half years. During her tenure at RS Funds, Graves’ region consistently ranked number one in sales with some of the country’s top tier investment firms.
“We’re excited to add someone with Shelle’s proven background and experience,” says Mike McDaniel, national sales manager. “Her dynamic track record in the financial services industry and
Livingstone Partners’ debt advisory team has concluded a debt refinancing in support of Dunedin’s recently announced GBP43m buy-out of York-based Trustmarque Solutions.
Livingstone arranged a GBP19.5m debt package with HSBC Bank, with additional capacity for acquisitions.
Trustmarque is a provider of technology services and solutions to private and public sector organisations. The company helps organisations license, deploy and manage technology solutions from a wide range of developers including Microsoft. The business currently serves over 1,200 clients including RBS, Lloyds Banking Group, Sainsbury’s and Capita. Public sector clients include the NHS, Ministry of Defence, Ministry of Justice, HMRC, local
US property/casualty (P/C) insurers invest in alternative and other less traditional asset classes, including hedge funds and private equity investments, in an effort to gain portfolio diversification and enhance investment returns, according to a report by Fitch Ratings.
At year-end 2012, alternative investments represented eight per cent of P/C industry invested assets, compared with approximately 70 per cent fixed income securities, and 14 per cent common equities.
In the report, Fitch reviewed the P/C industry’s investments in alternative and other invested assets at year-end 2012, compiling information from Schedule BA of US statutory financial statements on 50 P/C
Main Street Capital has closed a new portfolio investment totalling USD7m of invested capital in Garreco.
Main Street’s investment in Garreco consists of USD5.8m in first lien, senior secured term debt and a USD1.2m direct equity investment.
Garreco is headquartered in Heber Springs, Arkansas and is a manufacturer and supplier of consumable products used to create dentures, crowns, and bridges in dental laboratories and clinics. Garreco, founded in 1988, is one of the country’s largest manufacturers of specialised gypsum products used to create the plaster models and casts necessary to customise dentures, crowns, and bridges for a patient’s
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
