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Alternative asset manager The Carlyle Group intends to offer, subject to market and other conditions, senior notes of Carlyle Holdings II Finance LLC, its indirect subsidiary.
The notes will be fully and unconditionally guaranteed by The Carlyle Group and its indirect subsidiaries, Carlyle Holdings I, Carlyle Holdings II and Carlyle Holdings III.
Carlyle intends to use the net proceeds from the sale of the notes to repay outstanding borrowings under the term loan of its senior credit facility.
The notes will be offered and sold to qualified institutional buyers in the US pursuant to Rule 144A and
Argon Medical Devices, a portfolio company of private equity firm RoundTable Healthcare Partners, is to acquire the Interventional Products Business of Angiotech Pharmaceuticals.
The Interventional Products Business manufactures and markets disposable and re-usable biopsy products for the diagnosis of cancer, drainage catheter products, and vascular interventional products. The transaction is expected to be completed prior to the end of April 2013 subject to customary closing conditions.
The acquisition of the Interventional Products Business bolsters Argon’s existing portfolio of interventional vascular products, adds additional biopsy product lines, and further leverages the company’s sales force within core call
FPI Innovation Fund has attracted and arranged a co-investment of EUR10m into ANF Technology, the producer of NAFEN, the first ever superior-grade aluminium oxide nano fibre to be produced at commercially viable industrial volumes.
FPI typically invests directly at the earliest stage in a company’s development, when risks are higher but competition and required capital commitment are much lower.
In the case of ANF Technology, FPI has subsequently attracted sophisticated co-investors at a later stage when risks have been reduced, business strategy developed and the core team has been built.
This current third round of funding represents
Stephen Older has joined McGuireWoods as a partner in its corporate and securities group in New York.
As part of his practice, Older (pictured) routinely represents both issuers and underwriters in a broad variety of securities transactions and has experience in a number of different industries, including healthcare, consumer and financial services and REITs, and has broad mergers and acquisitions and private equity experience.
Older, a former partner at McDermott Will & Emery in New York, brings 25 years of experience in corporate and securities work, both in New York and across the country. He has recently worked
Neuralstem has secured USD8m in debt financing with Hercules Technology Growth Capital to fund the company’s capital budget through late 2014.
"This debt financing extends our cash runway well into late 2014 at a critical time in our clinical product development cycle. We have multiple NSI-566 cell therapy clinical trials planned this year, building on our successful ALS Phase I trial, including the upcoming phase II ALS in the US; both chronic and acute spinal cord injury in the US and South Korea, respectively; ALS in Mexico, and stroke in China, in addition to completing the NSI-189/Phase Ib trial
Apex Fund Services, one of the world’s largest independent fund administration companies, is offering free office facilities and fund incubation services to fund managers looking to start a new fund.
The new office facilities service forms part of a new division, Apex Emerging Manager Incubation Services (EMIS), aimed at helping new fund managers establish their funds in the most cost effective way, with the best infrastructure to ensure the funds’ post-launch success.
In addition to providing office space, EMIS offers free advisory services regarding fund structure, jurisdiction selection, launch platforms, cloud hosting, broker networks, administration and, via Apex
European private equity fundraising remains subdued, with volumes raised over the last four years (2009-2012) being only 40 per cent of those raised in the four year period prior to that (2005-2008), according to research carried out by Acanthus Advisers.
However, for funds with well differentiated strategies and solid track records, the market remains very much open, with some notable fund raising successes.
Acanthus Advisers’ European Mid-Market Fundraising Review 2013 provides detailed data on European fundraising statistics, year by year, country by country, as well as commentary on the various structural challenges that private equity faces.
According
Napier Park Global Capital has chosen Options’ PIPE Core and Momentum services as its fund’s technology infrastructure.
Napier Park is an independent asset management firm with approximately USD6.8bn under management and more than 110 employees in offices in New York and London. The firm manages a diversified product mix, including hedge funds, bespoke client solutions, CLOs and private investing for institutional investors globally.
Napier Park will use Options’ PIPE Core and Momentum services, key components of the Options’ Private Financial Cloud platform. PIPE Core is a complete business technology infrastructure service providing a robust and resilient technology
A new Environmental, Social and Corporate Governance (ESG) Disclosure Framework for Private Equity has been published, following a 16 month consultation and drafting process that involved a group of more than 40 limited partners from 11 countries, 20 private equity associations, and 10 general partners.
The ESG Disclosure Framework has been developed to help general partners better understand why limited partners want ESG related information, and to help rationalise the types of questions that LPs are increasingly asking GPs on ESG.
The document outlines eight objectives common to many LPs who want more structured ESG disclosures within their
Pluribus Networks, a specialist in hardware-accelerated network virtualisation for private and public cloud data centres, has secured investment form China Broadband Capital (CBC) in its Series C funding round.
This brings the total amount raised to date to over USD44m from investors including Menlo Ventures, New Enterprise Associates, and Mohr Davidow Ventures.
The funding will be used to meet customer demand for deploying the company’s production-ready software-defined virtualized Fabric offering in China.
Pluribus Networks was founded in 2010 and announced in September 2012 that it had partnered with TIBCO Software to deliver TIBCO Enterprise Message Service Appliance
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