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Galena Asset Management, which offers investment opportunities through specialised commodity funds, has closed the first tranche of its Private Equity Resource Fund at USD275m.
The fund will invest in equity and debt of small to medium-sized metals and mining companies in development or production stages.
Galena Asset Management will leverage parent company Trafigura’s expertise and track record in investing in junior mining companies.
“Access to a global network able to source opportunities and the ability to rely on solid in-house investment, technical and financial expertise represents a great advantage for investors in the new fund,” says Maximilian Tomei, head
Sidley Austin has appointed Michael J O’Brien as a partner in its New York office.
O’Brien will be a member of the firm’s M&A and private equity group.
O’Brien focuses his practice on mergers and acquisitions, private equity and joint venture transactions. For over 30 years, O’Brien has provided strategic counsel to clients including private equity firms and financial institutions on both public and private investment transactions. He has also represented public and private companies in domestic and international joint ventures, financing transactions and corporate and securities matters. His private equity experience ranges from advising clients on start-up capital
OFI InfraVia’s first infrastructure fund, InfraVia, has completed the acquisition of a 55 per cent interest in ADTiM previously owned by ETDE, Axione and Eiffage.
The remaining 45 per cent interests are held by Caisse des Dépots (30 per cent) and ETDE/Axione (15 per cent).
Senior project financing debt has been has also been successfully raised from groupe Crédit Agricole to finance the acquisition.
ADTiM is the owner and operator a fibre optic network operating under a 25-year concession with the departments of Drome and Ardeche. Axione (a subsidiary of bouygues Construction SA) will remain in charge of operating and
SR Labs, a provider of electronic-trading solutions for the global financial services industry, has completed a USD53m investment from Insight Venture Partners.
SR Labs plans to use the capital to expand its sales and marketing operations, to accelerate its growth outside of North America, and to continue to fund product innovation.
To further those goals, SR Labs has opened a new development centre in Pune, India, to support its customers in Asia Pacific and Europe, where systematic trading is growing rapidly.
Srinivasan Ramiah, founder and chief executive of SR Labs, says: "We are excited to have Insight as a partner.
Private equity firm MidOcean Partners has acquired a majority equity position in Agilex Flavors & Fragrances, a creator and manufacturer of fragrances for use in consumer products.
Agilex was previously owned by Nautic Partners, a middle market private firm.
Headquartered in Piscataway, New Jersey, Agilex was created by combining several unique fragrance houses with diverse strengths and capabilities. Agilex is a provider of fragrance compounds and delivery systems sold primarily to manufacturers of air care, personal care, industrial and institutional and household products. The company’s facilities include production facilities in Georgia, New Jersey, and China along with a Creative Center
Optimism about the economy built slowly but steadily in the second half of 2012 among US small and mid-sized businesses, some of which are likely to seek more credit in 2013 as they become increasingly confident in business fundamentals.
A new Greenwich Market Pulse revealed that owners and executives of 40 per cent of small businesses and 37 per cent of mid-sized companies reported that the current environment has actually had a positive impact on their business.
This study from Greenwich Associates covered 262 small businesses, defined as those generating revenues between USD1m and USD10m, and 262 middle market companies,
Jersey Finance has appointed Richard Corrigan as global head of business development.
In this new role, he will assume responsibility for the international offices of Jersey Finance in Abu Dhabi, India and Hong Kong whilst retaining a personal focus on extending the profile of Jersey’s finance industry in the UK, Europe and Russia.
Corrigan (pictured) joins Jersey Finance from the banking sector where he has held senior roles with Barclays Wealth and Royal Bank of Scotland International in a number of financial centres, most recently as director for Barclays Wealth in Jersey.
Geoff Cook, chief executive of Jersey Finance, says: “I
Merseyside-based Ultromex has secured GBP550,000 funding from The North West Fund for Energy & Environmental, managed by CT Investment Partners.
Ultromex has developed processes for the recovery of high-value metals from electronic and industrial waste products. The company, which was founded by Jonathan Quinn and Harry Middleton in 2011, aims to increase turnover to GBP10m by 2016.
The business works in partnership with global metal recycling and industrial businesses, helping them to recover high-value metals more efficiently while significantly lowering energy use and emissions. The company is currently commercialising processes for the recovery of metals from printed circuit boards, and
China’s private equity industry is in the early stages of a unique crisis that could undermine the remarkable gains of recent years, according to a newly-published research report by China First Capital, an American-owned international investment bank focused on China.
Over USD100bn in private equity and venture capital investments is now blocked inside deals with no easy exit. A significant percentage of that capital is from limited partners, family offices and university endowments in the US. China investments have, until recently, been a robust source of profits for US pension funds and endowments.
Private equity firms in China are running
Behrman Capital, a private equity investment firm based in New York and San Francisco, has acquired Tresys Technology, a provider of cybersecurity products, services and solutions to government and commercial customers.
Financial terms of the transaction were not disclosed.
Based in Columbia, Maryland, Tresys offers services and products that address computer network defence, focusing primarily on platform security, assured information sharing and security engineering. Tresys has built its business at the intersection of Linux and information security, two of the fastest growing markets in the IT sector, and is a widely-recognised expert in Security Enhanced Linux.
Grant G Behrman, managing
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