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Green Courte Partners, a private equity real estate investment firm targeting parking assets and land-lease/manufactured housing communities, has promoted Braden L Rudolph to vice president, asset management.
Since joining Green Courte as a senior associate in June 2011, Rudolph (pictured) has been involved in Green Courte’s acquisitions and asset management efforts. He was actively involved in Green Courte’s acquisition of The Parking Spot, one of the nation’s leading owner/operators of near-airport parking properties, with 35 locations and over 60,000 parking spaces.
Most recently, Rudolph has been involved with implementing strategic initiatives at American Land Lease, an owner/operator of
SolomonEdwards, a national professional services firm, has expanded its capabilities to serve the needs of private equity firms and their portfolio companies.
Private equity continues to play a key role in the nation’s economic recovery. According to Pitchbook, a private equity and venture capital research firm, the fourth quarter of 2012 was the second-best quarter for deal making in the last four years with 564 deals closed and USD126bn invested into target companies in the US.
SolomonEdwards’ Transaction & Regulatory Advisory (TRAS) practice serves the needs of private equity firms and their portfolio companies across the full life
Darby Private Equity’s Converging Europe Mezzanine Fund (DCEMF) has signed an agreement to exit its equity and mezzanine holdings in Sirma, a Turkish bottled water and beverage manufacturer, in connection with a sale of a majority interest in Sirma to Danone.
DCEMF’s exit is subject to the closing of the transaction with Danone. The transaction terms have not been disclosed.
DCEMF made a mezzanine investment in Sirma in 2010 to provide long-term funding for the growth of the company. DCEMF made a follow-on equity and mezzanine investment in 2011 to finance Sirma’s new factory.
Robert Graffam, Darby’s senior
Sovereign Capital’s higher education investment, GSM London, has appointed Alison Wheaton as its chief executive.
Wheaton has significant experience of leading service-oriented businesses. Most recently she led business development, strategy, property and IT at Mitchells and Butlers, the UK’s largest managed pub and pub restaurant operator, with more than 2,000 sites.
Prior to this she was business development director at PepsiCola International. From 2004 to 2008, Wheaton served as non-executive director for the London Development Agency, where she was a member of the Olympic Delivery Committee. An American national, Wheaton started her career at Morgan Stanley.
GSM
The future landscape of the investment funds industry will be affected by external factors just as much as regulation, according to an exit poll of the 400-plus delegates attending last week’s Guernsey Funds Forum 2013 held in London.
The half-day conference and exhibition, titled Back to the Future, included two panel sessions – one on investor relationships and another on the effects of regulation – and a keynote debate featuring industry experts Nigel Vooght, PwC’s global financial services leader and head of its future-focused initiative Project Blue, and Better Capital founder and chairman Jon Moulton. The event was moderated
German Equity Partners IV (GEP IV), a fund managed by the independent German private equity firm ECM Equity Capital Management, has acquired the MediFox Group, headquartered in Hildesheim, in partnership with the company’s management in an ownership succession transaction.
The founder and majority shareholder, who has developed MediFox Group to become a leading software provider in the market for nursing care in Germany, will withdraw from the business. In 2010 he transferred responsibility for daily operations to the current managing directors Christian Städtler and Dr Thorsten Schliebe.
As part of the transaction the management team of the MediFox
The EUR2.75bn (USD3.5bn) final close of its fourth European infrastructure fund has taken Macquarie Infrastructure and Real Assets’ (MIRA) global fund raising to a total of USD9.3bn in the past two years, including new infrastructure funds in Korea, the Philippines and China, and a Mexican real estate investment trust.
Its listed funds have experienced further market capital growth of USD2.8bn over the same period.
Macquarie European Infrastructure Fund 4 (MEIF4) has closed fundraising with EUR2.75bn (USD3.5bn) in investor commitments – well above its initial EUR1.5bn to EUR2bn target. In addition, co-investment arrangements of at least a further EUR2bn
The Resolute Fund, an affiliate of The Jordan Company, has entered into a definitive agreement to sell Reinhold Holdings to HEICO Corporation.
Reinhold is a manufacturer of advanced custom composite components and complex composite assemblies for commercial aviation, defence and space applications. Financial details of the transaction, which is subject to customary closing conditions, have not been disclosed.
Acquired by The Jordan Company in 2006 and headquartered in Santa Fe Springs, California, Reinhold produces high-quality, heat resistant, advanced custom composite components and assemblies. Its commercial aviation products are primarily composite passenger seating solutions for existing and next-generation large
International law firm Osborne Clarke has advised Edi and Danny Truell on their latest growth capital investment in Imagine Publishing.
Since 2005, the Truells have been investing in Imagine publishing, a technology content producer with a portfolio of magazines, websites, bookazines, apps and other multimedia products.
Partners Greg Leyshon and Rob Wood led the team and were assisted by Vicky Hill, solicitor (corporate) Hugh Jones, partner (banking) and Erika Jupe, partner (tax).
Telecommunication provider Bharti Airtel has entered into a binding agreement with Qatar Foundation Endowment (QFE) under which Bharti will issue 199,870,006 of its new shares to QFE representing a shareholding of five per cent in the company.
As per the agreement, QFE will subscribe to 199,870,006 new shares of Bharti at a price of INR340 per share amounting to a total consideration of USD1.26bn (INR6796 crores).
The investment will further strengthen the capital structure and provide further flexibility for the company to deliver on its growth strategy.
Sunil Bharti Mittal, chairman, Bharti, says: "I am delighted to
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