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The fundamentals for strong merger and acquisition activity remain in place despite a slowdown in US M&A activity in the first half of 2013, according to PwC US.
Buyers remain extremely active in identifying, evaluating and competing to acquire assets in the market.
Dealmakers are placing a premium on deal certainty, speed and agility to ensure successful deal outcomes that deliver long term value, according to PwC’s US mid-year M&A outlook.
In the first half of 2013, there were a total of 4,587 total transactions, representing USD528bn in disclosed deal value, according to data compiled by Thomson
Post Oak Energy Capital and funds managed by Goldman Sachs Asset Management (GSAM) have made a USD100m capital commitment to PetroEdge Energy III.
PetroEdge’s management team will be co-investing alongside Post Oak and GSAM.
PetroEdge is a newly formed oil and gas company headquartered in Houston, Texas. The company’s management team includes Larry Richard, president and chief executive; Larry Buchanan, executive vice president of operations; Jack Ward, EVP of exploration and production; and Mark Malinski, chief financial officer. Since 2004, PetroEdge’s management has built and sold two oil and gas companies.
PetroEdge has acquired an acreage position
Milwaukee-based private equity fund Generation Growth Capital has held the final close of its second fund, Generation Growth Capital Fund II, which significantly exceeded total capital commitments raised for Fund I.
In addition, the company has closed companion fund Generation Growth Capital Wisconsin Fund II Wisconsin.
“We are quite pleased that 100 per cent of our Fund I institutional investors, who still invest in private equity, made a new financial commitment to Fund II. Many of our investors had meaningful increases over their Fund I commitment amounts,” says Cory L Nettles (pictured), founder and managing director of Generation
A total of 312 Israeli high-tech companies attracted USD967m from local and foreign investors in H1 2013, slightly above the USD962m raised by 270 companies in H1/2012, but almost eight per cent down from USD1.05bn invested in 286 companies in H1/2011.
One hundred and eighty-four VC-backed deals attracted USD763m or 79 per cent of the total raised in H1/2013. This amount is 20 per cent higher than the USD638m raised in VC-backed deals in H1/2012.
The average company financing round was USD3.1m, while the average financing round for VC-backed deals was USD4.2m.
In Q2/2013, 143 companies raised USD493m,
Global investors have been somewhat sceptical about the touted structural reforms in Japan and the ability of Abenomics to achieve its aims, says John Vail (pictured), chief global strategist at Nikko Asset Management…
At Nikko AM, we have been confident that this time it is indeed different for Japan and have commented widely on the topic. Now, with the result of the Japanese election providing prime minister Shinzo Abe with additional firepower to deliver on his goals, we believe Japan’s economy and the Japanese stock market will be major beneficiaries.
The outcome of Japan’s election (July 21, 2013), which has
JenaValve Technology, a venture capital-backed developer of transcatheter aortic valve implantation (TAVI) systems for the treatment of aortic valve disease, has raised USD62.5m in a series C venture round.
The financing was led by Belgium-based Gimv, a publicly traded investment company with more than 30 years of experience in private equity and venture capital. Other new investors include Beijing-based Legend Capital, a venture capital arm of Legend Holdings, and Omega Funds, an international healthcare focused investment firm.
Edmond de Rothschild Investment Partners of Paris led the participation by the existing investor group in the series C round. Other
Three tier one global investment banks have completed trials of Duco’s post trade reconciliation service, Duco Cube.
Duco Cube empowers operations teams to quickly set up and manage reconciliation controls themselves, without IT effort, and move away from labour and technology intensive solutions. This is made possible by artificial intelligence algorithms that match any data in any format, eliminate manual work and make it possible to identify risk points and react to regulatory demands faster than traditional solutions. In addition to bringing an “app-like” simplicity to operations, Duco Cube is operated on a flexible, pay by usage basis.
Duco
A strong performance in mergers and acquisitions in the first half of 2013 by the corporate finance arm of BDO LLP pushed the firm up to first and second place respectively in the Experian Corpfin and Thompson Reuters league tables, ranking advisers to UK deals by volume.
BDO moved from third to first place in the Experian Corpfin league table of financial advisers on deals with any UK involvement. The firm also moved up from fifth to second place in the Thomson Reuters 2013 rankings of financial advisers to UK deals worth less than USD500m.
In each case,
Eight new members have joined EDHEC-Risk Institute’s international advisory board, which brings together scholars, representatives of regulatory bodies as well as senior executives from business partners and other leading institutions.
The role of the international advisory board is to validate the relevance and goals of the research programme proposals presented by the institute’s management and to evaluate research outcomes with respect to their potential impact on industry practices.
The 47 members of the board also advise on the objectives and contents of projects deriving from the expertise of the institute, thereby ensuring that graduate and executive programmes remain
The Alternative Investment Fund Management Directive (AIFMD) rules affect fund remuneration practices, marketing guidelines, documentation and reporting, and the requirement for alternative investment fund managers to appoint a depositary.
Citi’s Depositary Services is ready to assist fund managers in their compliance with the new responsibilities demanded under the AIFMD.
Citi’s European Depositary coupled with the industry’s largest proprietary sub-custody network, enables practical controls to be deployed, end to end, across the investment chain. Citi’s depositary service apply the most stringent controls with minimal impact on the investment management process, thereby delivering value through minimising the costs and operational
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