Latest News
HarbourVest Global Private Equity (HVPE) has reported an estimated net asset value per share of USD12.12, a USD0.19 per share (1.6 per cent) increase from 31 December 2012 and a 6.1 per cent increase during the financial year ended 31 January 2013.
This change resulted primarily from increases in the value of publicly-traded holdings and a valuation increase for Absolute Private Equity, as well as positive foreign currency movement.
The value of the majority of HVPE’s privately-held companies continues to reflect the investment manager’s preliminary estimate of year-end 2012 valuations. The gain was partially offset by ongoing operating expenses.
The Enterprise Investment Scheme Association (EISA) has launched a new Enterprise Investment Scheme (EIS) training course and qualification for financial advisers.
The qualification, heralded during the EISA chairman’s annual reception at the House of Lords, marks an important milestone for the EIS sector, and will allow more advisers to be actively engaged with their clients in this increasingly important area of financial planning.
This is particularly important following the introduction of RDR, as those advisers who are classified as independent (as opposed to restricted) must consider all investment options for their clients.
These advisers will therefore need to
Aberdeen Asset Management is to acquire a 50.1 per cent stake in SVG Advisers (SVGA) for a cash consideration of GBP17.5m.
This business will be combined with Aberdeen’s existing private equity capability to create a substantial private equity fund of funds business with almost GBP5bn in assets under management
The transaction is consistent with Aberdeen’s stated strategy of acquiring smaller businesses to enhance and accelerate the group’s own organic growth.
SVGA is a wholly owned subsidiary of SVG Capital (SVGC), an international private equity investor and fund management business listed on the London Stock Exchange.
SVGA is an established private
International direct investment firm OceanBridge Partners is expanding in both the US and in Europe where it has opened a new London office.
Simultaneously it has appointed new partners to join the founders in order to take advantage of the investment opportunities which are now emerging.
OceanBridge has adopted a new approach to private equity by offering an innovative way to make direct investments outside the rigid framework of a conventional fund structure.
OceanBridge was conceived out of the recognition that the conventional private equity model may have limited appeal for certain types of investors. Typically, these investors are reluctant
HJ Heinz Company is to be acquired by an investment consortium comprised of Berkshire Hathaway and 3G Capital.
Heinz shareholders will receive USD72.50 in cash for each share of common stock they own, in a transaction valued at USD28bn, including the assumption of Heinz’s outstanding debt.
The per share price represents a 20 per cent premium to Heinz’s closing share price of USD60.48 on 13 February, a 19 per cent premium to Heinz’s all-time high share price, a 23 per cent premium to the 90-day average Heinz share price and a 30 per cent premium to the one-year average share
HIG WhiteHorse, an affiliate of global private equity firm HIG Capital, has closed WhiteHorse VI, a USD415.5m collateralised loan obligation (CLO) fund.
RBS Securities served as placement agent for a portion of the securities in the transaction.
The closing of the CLO allows WhiteHorse to continue to invest in the broadly-syndicated loan space.
As has been WhiteHorse’s strategy in the past, the firm will participate in loans to a wide variety of borrowers across a broad spectrum of industries.
Heritage International Fund Managers (HIFM) has made a number of promotions following a successful 2012 in which the company saw growth in existing client business and new appointments within the fund services group.
Norman Amey (pictured) has been promoted from head of fund accounting taking up a position on the company’s board of directors with responsibility for accounting and finance across the wider Heritage Fund Services Group including UK and Malta. Amey has been with the company for over four years and has played an important role in the development of the current accounting services.
In addition, James Christie, David
Fort Lauderdale-based private equity firm IBS Investment Bank – a division of Institutional Banking Services – has launched its USD350m open-ended IBS Debt Ventures Fund IV.
Backed by seven major institutional investors, the real estate fund was formed to assemble a portfolio of "opportunistic" investment funds focusing on investments in real property interests.
Identical to its predecessors, the portfolio will consist primarily of debt and equity interests in distressed commercial property, commercial mortgages, commercial mortgage-backed securities, and the debt and equity securities of real estate operating companies on a global basis, with a primary focus on providing bridge financing in
International law firm Chadbourne & Parke has appointed Sean Dailey as counsel in the private funds group in its New York office.
Dailey comes to Chadbourne from Skadden, Arps, Slate, Meagher & Flom where he worked in the investment management group.
He has significant experience structuring and advising domestic and offshore hedge, hybrid and private equity funds, and has represented registered investment advisers, closed-end investment companies and broker-dealers on fund formation and on-going investment matters.
"This is an exciting time for Chadbourne as we continue to add first-rate legal talent to further expand our investment management capabilities in this important
The aggregate value of technology mergers and acquisitions (M&A) declined 35 per cent worldwide in 2012 to USD114.1bn from USD175.7bn in 2011, according to Ernst & Young’s Global technology M&A update.
Deal value in 4Q2012 was USD29.4bn, down four per cent year over year (YOY) from USD30.5bn in 4Q 2011.
Nearly the entire full-year decline came from deals above USD1bn in value. For example, the largest deal of 2012 would have placed fifth in 2011 and only two 2012 deals would have made it onto the 2011 top 10 list. Companies were hesitant to engage in large, transformative, technology deals
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
