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Graham Stock (pictured), chief strategist at Insparo Asset Management comments on Bharti Airtel decision to sell a stake to Qatar investment group…
Bharti Airtel’s desire to raise fresh capital to finance further investment in its African operations highlights the continuing potential for growth on the continent. The roll-out of next generation data services in particularly will be an important driver of growth, as voice services trend to maturity. For example in Kenya where Airtel is the second largest operator, the number of internet subscribers rose 75% in 2012 alone, with mobile subscriptions accounting for 99% of the market. Mobile penetration,
CMS Cameron McKenna has advised a consortium led by Bancroft Private Equity on its sale to East Capital Explorer of a majority stake in Starman, a cable TV, broadband internet and voice cable services provider in Estonia.
East Capital Explorer will acquire 67.72 per cent stake in the company, with the remaining stake being held by Starman’s founders.
The transaction, which was led by Graham Conlon and Anela Musat, members of the firm’s international private equity team, is subject to approval from the Estonian competition authorities. It is expected that completion will occur during the second quarter of
Addleshaw Goddard has appointed Yunus Seedat as national head of private equity, following Andrew Carpenter’s appointment as divisional managing partner for the firm’s new international division.
The appointments became effective on 1 May 2013.
Seedat (pictured) will combine key client responsibilities and deal doing with a focus on developing Addleshaw Goddard’s private equity group with a key focus on the London market. Since becoming a partner at Addleshaw Goddard in 2001 Seedat has cemented his reputation as an expert in the field by advising a range of private equity houses and management teams on numerous transactions.
In the
As part of its efforts to strengthen its relationship with the Chinese fund industry, the Association of the Luxembourg Fund Industry (ALFI) has added a section in Chinese (Mandarin) to its website.
The section contains important basic information about the Luxembourg investment fund sector and regulation, and how Luxembourg can support Chinese asset managers develop globally.
Four accompanying brochures are also available in Chinese on the following topics:
• The benefits of Luxembourg as a domicile for investment funds;
• How to set up a fund in Luxembourg;
• How to re-domicile a fund in Luxembourg; and
Dealogic has completed the acquisition of Junction RDS (JRDS).
Founded in 2005, JRDS provides ownership analysis of UK listed companies and combines specialist research by skilled staff with proprietary analytical software.
The JRDS acquisition further enhances the Dealogic product set by providing clients with greater transparency into ownership of UK equities.
Greg Young, co-head of institutional client management at Dealogic, says: "Combining JRDS’ unique content with our already extensive coverage of global investor holdings, contacts and profiles will provide our clients with an even greater level of insight into investor behaviour globally and is a valuable
Two former directors, Howard Jenkins and Trevor Tanner, have returned to Simbec backed by the new Wales Life Sciences Investment Fund managed by Arthurian.
This new team has acquired the company from its former parent the Canadian Altasciences Group, to make it once more a totally independent Welsh company.
This is the initial investment for Wales’ first-ever dedicated Life Sciences Fund whose launch was announced by Professor Sir Chris Evans at BioWales in March. It marks a momentous stage in Simbec’s history spanning almost four decades. Merthyr Tydfil-based Simbec Research employs around 90 staff.
With the backing
Alternative asset manager The Carlyle Group has added a six-person international energy investment team to its growing energy platform, expanding the firm’s ability to invest in a full range of energy assets around the world.
Marcel van Poecke, an energy investor, will lead the effort, collaborating with Carlyle’s established investment teams. Van Poecke and the international energy team begin their duties in early May.
Carlyle chairman Daniel A D’Aniello (pictured) says: “Marcel and his team expand and complement our broad-based energy investment offering. Through organic growth and strategic partnerships we have created an energy platform that can invest
Five packaging companies in North America and Europe intend to combine to operate as one firm under the banner of Exopack Holdings Sarl, a new Luxembourg company.
The combined business will have 63 plants, 8,650 employees and aggregate revenues of more than USD2.5bn, making it the sixth-largest plastics packaging company in the world.
Joining Exopack, a US-based producer of flexible paper and plastic packaging and advanced coatings, will be four companies based in Europe – Britton Group, a flexible plastic packaging manufacturer; PACCOR, the second-largest rigid plastic packaging company in Europe; Kobusch, a producer of tailor-made flexible and
Management consulting firm AT Kearney has appointed Robert Haas to lead the firm’s private equity practice in the Americas.
Under Haas’s (pictured) leadership, AT Kearney will leverage its capabilities in corporate strategy, revenue growth and operational improvement to help private equity funds make investments, generate profit growth in their portfolios, and deliver superior returns to their investors.
Daniel Mahler, lead partner for the Americas, says: "Bob is uniquely qualified for this role based on his vast experience driving profit growth for companies in a wide variety of industries, as well his expertise in private equity and corporate M&A."
Private equity firm HIG Capital has completed the acquisition of Caraustar Industries, a provider of recycled paperboard and related products. Caraustar was majority owned by private investment funds managed by Wayzata Investment Partners.
Headquartered in Austell, Georgia, Caraustar is one of North America’s largest integrated manufacturers and converters of 100 per cent recycled paperboard and converted paperboard products. Caraustar serves end-use markets in tube and core, folding carton, gypsum facing paper and specialty paperboard products. Caraustar is also one of the largest collectors and processors of recovered fibre in the US. The company services its diversified customer base through a large
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