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Debt management company MoneyPlus Group (MPG), backed by Palatine Private Equity, has appointed Richard Elgott as commercial director.
Elgott has spent the past seven years working in professional services, most recently at Deloitte and, prior to that, KPMG. He is an accountant by profession and has worked in corporate finance and transaction services providing specialist operational advice on strategy, integration and disposals.
Elgott has significant experience across a range of industry sectors including telecoms, oil and gas, consumer goods and energy. He has also worked with financial services clients including HSBC, Royal Bank of Scotland, ING and Virgin
Kohlberg Kravis Roberts has appointed Shusaku Minoda to chairman of KKR Japan from his position as managing director and chief executive officer.
In addition, Hirofumi Hirano has been hired as the new managing director and chief executive officer of KKR Japan.
Hirano joins KKR from AlixPartners Asia where he was managing director and head of Asia financial service industry practice.
Both appointments are effective 15 April 2013.
Henry R Kravis, Co-founder, co-chairman and co-CEO of KKR, says: "Shu Minoda has led our business as CEO of KKR Japan for six years and has built an excellent platform
Affiliates and clients of KKR, including KKR Financial Holdings, in partnership with Colonie Pacific, have acquired Colonie Center.
Financial terms of the transaction have not been disclosed.
Colonie is a 1.3 million square foot super-regional mall with over 113 stores that sit on 91 acres in Albany, New York. The centre, located directly off of I-87 at the intersection of Wolf Road and Central Avenue where an average of 117,000 vehicles pass daily, benefits from being in a high-traffic area and within two miles of the University at Albany. The property generates an estimated USD245m in retail sales,
Foundation Capital has closed its seventh fund, Foundation Capital Fund VII, at USD282m bringing total capital under management to USD2.7bn over its 17-year history.
This new fund will drive the firm forward in support of early-stage companies in the consumer internet, information technology and cleantech sectors.
“We are thrilled to announce Foundation Capital’s seventh fund to continue to back the world’s next generation of great entrepreneurs and companies,” says Paul Holland (pictured), general partner, Foundation Capital. “Foundation is the first institutional investor for two-thirds of our companies and will continue to focus on early stage, high-growth opportunities. This
Indian private equity investments in Q1 2013 were recorded at USD1.8bn, a quarter less than the USD2.45bn worth of investments recorded during the corresponding period last year, according to VCCEdge’s latest Quarterly Deal Report.
Deal volume declined by a third as well, falling from 186 deals to 123 deals.
The quarter was lucrative for early-stage investments with over USD53m worth of private equity capital being invested across 45 start-ups, accounting for 37 per cent of the total deals.
Financials, utilities and industrials were the most targeted sectors with investments worth USD771m, USD365m and USD251m, respectively. Together, these
Due to the long term/international nature of private infrastructure investing there are a number of challenges within the infrastructure market facing investors today, says Reyno Norval (pictured), Senior Associate at Altius Associates…
One challenge that faces the sector is rising asset prices, especially for core brownfield assets. This sector of the market is being seen as a “safe haven,” and the promised yield is viewed as an attractive replacement for low-yielding fixed income securities – though the truth here, to quote Oscar Wilde, is rarely pure and never simple. As a result we have seen capital rushing into the space, bidding
Independent private equity firm Nixen Partners has appointed Vincent Houlot as partner.
The 37-year-old, who graduated from Ecole Centrale Paris and Oxford University, began his career in 1998 with the consulting firm Bossard Gemini Consulting.
In 2002, Houlot joined NiXEN Partners where he has been involved especially in operations such as Aerocan (aluminium aerosol cans), Asteelflash (electronics manufacturing services), Ceva (laboratory specialising in animal health), Malherbe (road haulage), Saverglass (luxury glass bottles), Titanobel (explosives for industrial use).
NiXEN specialises in flexible equity with EUR634m of funds under management. NiXEN invests more than EUR10m per transaction in companies
Cortland Fund Services has been appointed to provide fund administration services on four new private equity real estate funds managed by institutional real estate investment management firm BainbridgeZKS.
Based in San Francisco and San Diego, BainbridgeZKS targets the commercial and specialty real estate industry focused on partnering and investing in work-outs, turnarounds, distressed situations, and restructurings.
With over USD22bn under administration, Cortland is a third-party fund administrator. Cortland clients include several of the country’s leading private equity and real estate firms.
Cortland will provide fund accounting, investor servicing and other third-party support and services for the BainbridgeZKS
Private equity firm Evolution Capital Partners, in partnership with management, has acquired AXIOM Sales Force Development.
This partnership represents the third platform investment in Evolution’s second fund.
AXIOM, based in Dallas, Texas, specialises in global sales coaching, sales methodology, integrated software solutions and implementation services. Its sales force development solution drives measurable impact on both revenue and profits for its clients. AXIOM offers sales training and resources through live events, customised coaching, and an extensive online learning centre.
"We are very excited to have partnered with AXIOM and its management team; their approach to sales force training
Private equity specialist Advent International has opened an office in Shanghai, China.
The office is led by Filippo de Vecchi, managing director and co-head of Greater China, and Andrew Li, principal and co-head of Greater China.
Advent China will provide local market support to existing global portfolio companies looking to expand in the country through both organic growth and acquisitions. In line with the firm’s investment strategy, the team will invest in leading Chinese companies that operate in Advent’s core sectors (with a focus on chemicals, healthcare, and retail, consumer and leisure) and that want to implement change,
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