Latest News
Sheryl Schwartz has joined Caspian Private Equity as managing director, investments and has also been appointed to Caspian’s investment and executive committees.
As part of Caspian’s investment team, she will lead investments in primary and secondary funds.
“We are very excited and confident that, with her knowledge and experience, Sheryl will be a great addition to our team,” says Nader Motamedy, partner and chief executive of Caspian.
Prior to joining Caspian, Schwartz (pictured) was a managing director at Perseus Finance in New York from 2010 to April 2013, where she was one of the partners responsible for
Guernsey’s intention to operate a dual regime for the distribution of funds into both EU and non-EU countries in response to the Alternative Investment Fund Managers Directive (AIFMD) has been met positively by fund managers in the US.
A funds delegation from Guernsey has returned from the US after attending the International Bar Association (IBA) conference in Boston and holding a series of meetings with fund managers, lawyers, accountants and brokers in New York City and Boston.
Fiona Le Poidevin (pictured), chief executive of Guernsey Finance – the promotional agency for the island’s finance industry, led the delegation and
Silicon Valley Bank, a financial partner to technology, life science and cleantech businesses and their investors, is celebrating the first anniversary of its UK branch.
The only bank dedicated to the innovation sector in the UK, Silicon Valley Bank has grown its client base significantly since opening the branch in June 2012.
Keith Lovell, Shazam chief financial officer and Silicon Valley Bank client, says: “Finding a bank that understands your business model and adds genuine value is absolutely critical for any business trying to succeed in the innovation space. As a specialty bank they have the knowledge, global
Medium-sized European companies – accounting for around one third of the region’s economy and employment – are likely to struggle to meet their multi-billion financing needs in the next few years, as banks reduce their lending to the sector, according to Standard & Poor’s Ratings Services.
S&P has launched Europe’s first credit benchmark aimed specifically at helping increase the transparency and comparability of mid-sized companies from a credit perspective, which may help facilitate access to new sources of capital market funding. “Mid-Market Evaluation” will target companies with revenues below EUR1.5bn and debt below EUR500m.
“European businesses have traditionally relied
Segulah III’s portfolio company PMC Group has entered into an agreement to divest its Norwegian activities, Servi (PMC Group Norway AS1), to Ferd Capital.
The transaction is subject to competition clearance.
Servi’s business activities are focused on the Norwegian offshore industry, with a range of blue chip customers among leading equipment manufacturers, yards and fleet owners.
Recently, a sales office was opened in Houston, Texas. With Ferd Capital as a new owner, Servi will be able to fully exploit growth opportunities in the offshore industry globally.
In 2012, Servi had a turnover of NOK777m and an
Nordic Capital Fund VII is to sell EG A/S, a Scandinavian IT software and service provider, to Axcel IV.
During Nordic Capital’s five year ownership period, EG has developed ahead of the initial strategic plan, driven by a clear focus on offering market leading solutions for selected industry verticals, organisational transformation, operational effectiveness, geographical expansion and IT service market consolidation. In addition, since 2009, EG has completed 14 add-on acquisitions in Denmark, Norway and Sweden.
“We are very pleased with and proud of the strong development and performance of EG during Nordic Capital’s ownership. The ambition for Nordic
Avista Capital Partners has completed its acquisition of Telular Corporation.
As previously announced, Joe Beatty has stepped down as chief executive officer of Telular in connection with the closing.
Avista Capital Partners industry executive Allen Yurko will act as interim CEO while the board of directors conducts a search for a permanent successor and will serve as chairman thereafter.
Yurko says: "I am very pleased to be joining Telular at this exciting time. In partnership with Avista, Telular will continue to pursue its plan for growth in the machine-to-machine communications sector. I look forward to working with
London listed private equity firm JZ Capital Partners has reported a net asset value of USD643m for Q1 2013, an increase of 5.4 per cent on Q1 2012’s figure of USD610m.
NAV per share meanwhile totals USD9.90, while on 14 June 2013, the firm paid a semi-annual dividend of 15.0 cents per share.
During the period 1 March to 31 May the firm saw realisation of USD80.4m, including USD38.6m from its investment in Horsburgh and Scott for a 1.8x multiple of capital invested and a 13 per cent IRR, plus USD33.9m received from the refinancing and related activities
Lyceum Capital-backed Adapt, the independent IT managed infrastructure provider, has acquired Leeds-based cloud hosting provider Sleek.
The deal sees Adapt accelerate its organic growth by gaining more than 20 enterprise customers, a team of 20 skilled technical staff and a strategic footprint in the North of England.
The acquisition of Sleek represents the second add-on by Adapt since Lyceum backed the business in a GBP30m transaction in September 2011, following the GBP13m acquisition of eLinia, a provider of cloud computing and infrastructure outsourcing, in April 2012.
Existing Sleek customers, who already take advantage of the provider’s managed
Genstar Capital, a middle market private equity firm that focuses on investments in the life sciences, healthcare, financial services, software and industrial technology industries, is to sell PRA to funds managed by Kohlberg Kravis Roberts (KKR).
Genstar acquired PRA in a take-private transaction in 2007 for USD797m. Since then, working with newly appointed chief executive Colin Shannon and a new senior management team, Genstar invested in PRA and completed key strategic add-on acquisitions, strengthened the company’s European operations, enhanced its technology, and developed its infrastructure to support continued expansion in emerging markets.
Shannon says: "The Genstar team has extensive experience building businesses in the
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
