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Investor interest in India continued in 2012, albeit at levels below previous years, according to Grant Thornton UK’s India Watch Index.
Full year performance remained strong, but growth in the fourth quarter was flat.
Overall, Grant Thornton India Watch Small Caps Index closed eight per cent up at the end of 2012, outperforming the FTSE100 (six per cent) and FTSE AIM All Share Index (two per cent).
A cautious deal making environment prevailed in 2012 with a significant decline in strategic mergers and acquisitions (M&A) deal values and fewer “bulge bracket” deals compared to 2011. 1,001 deals completed with a
Commonfund, an investment manager for institutional investors, has made three promotions and two additions to Commonfund Capital, its wholly owned subsidiary investing in global private equity, venture capital and natural resources.
Leenong Li has been promoted to managing director. Li heads Commonfund Capital’s Beijing office and Asian initiatives. Li joined Commonfund Capital in 2010.
Managing director Mark Hoeing, who has led Commonfund Capital’s London office since 2009, now has the added title of head of Europe. He joined Commonfund in 2005.
Managing director Brijesh Jeevarathnam, who joined Commonfund Capital in 2006, is now co-head of venture capital.
Both Hoeing and
Impetus Trust and The Private Equity Foundation (PEF) are to merge into one organisation, Impetus – The Private Equity Foundation.
The proposed new entity will bring together 16 years’ experience of supporting charity scale up and sustainability through venture philanthropy.
It will have a special focus on enabling best-in-class charities to help many more of the most deprived children and young people.
It is proposed that the chairman of the merged entity will be Johannes Huth and Louis Elson will serve as deputy chairman.
The chief executive of Impetus – The Private Equity Foundation will be Daniela Barone Soares (pictured),
The direct private investment arm of Robert W Baird & Co has unveiled an updated brand that includes a new name, Baird Capital.
Previously, Baird Capital operated under the umbrella brand “Baird Private Equity,” with “Baird Capital Partners,” “Baird Venture Partners,” “Baird Capital Partners Europe” and “Baird Capital Partners Asia” representing its global investment strategies.
Going forward, Baird Capital is the group’s single, unified brand.
Baird Capital continues to take an integrated multi-strategy approach to making venture capital, growth equity and private equity investments in targeted sectors in the US, UK and China.
“Rebranding to Baird Capital allows us to
Energy Investors Funds (EIF) has promoted eight of its senior staff.
Mitch Coddington (pictured) and Mark Segel have been promoted to senior partner from partner.
Keith Derman, Warren MacGillivray, Andrew Pike, Cam Reese, Jose Torres-Monllor, and Mark Voccola have been promoted to partner from senior vice president.
All promotions are effective as of 1 January 2013.
“We’re thrilled to announce these promotions, which reflect the outstanding contributions these individuals have made to EIF over their years with the firm,” say John Buehler, Terence Darby and Herbert Magid, the managing partners of EIF. “We believe the high quality of our staff
Veggie Grill, a West Coast restaurant concept known for plant-based food, has completed its fourth round of equity funding with an investment from Brentwood Associates.
Armed with 16 per cent same-store-sales growth, a more than doubling of restaurant locations in the most recent year, and strong investor confidence, the company quickly secured the USD20m common stock funding from both current shareholders and new investors.
Chief energizing officer Greg Dollarhyde says: "The interest we received from our investors was quite substantial and exciting. This additional capital base will support our aggressive growth plans to meet the increasing consumer demand for delicious,
The IPO climate, which reflects the sentiment of investors, companies and underwriters on the primary market, remained positive at 32.43 points in Q1 2013 compared to 32.8 points in the previous quarter, according to Deutsche Bank’s IPO sentiment indicator.
In contrast to global IPO activities, market participants in Frankfurt see a favourable period for placing shares and expect a positive price level for them in the coming months. The lower volatility and higher valuation of equities is also having a positive effect on the primary market.
According to the surveys, IPOs are primarily to be expected from March. This time
Offshore law firms Carey Olsen and Hempel and Boyd are entering into an association to provide their clients with British Virgin Islands (BVI), Cayman Islands, Guernsey and Jersey legal services.
Carey Olsen is an offshore law firm with offices in the Cayman Islands, Guernsey, Jersey and London.
Hempel and Boyd provides BVI legal services from its offices in the BVI and Cape Town, South Africa.
The announcement of the association between the two firms follows Carey Olsen’s entry into the Cayman Islands legal market in 2012 and its launch of BVI services through its Guernsey office in 2012.
According to
The UK’s fund management industry has been given an extra year to comply with the EU’s Alternative Investment Fund Managers Directive (AIFMD), says Bovill, the financial services regulatory consultancy.
In its consultation on how to implement the European rules, HM Treasury gave a boost to UK private equity and hedge funds by proposing that UK managers will not have to comply with the new rules until 22 July 2014. This means existing firms will have full use of a one year transitional period provided by the Directive, which actually takes effect on 22 July this year.
In a sign that
Frontier markets investment banking boutique Exotix has entered into a partnership with TLG Capital, a private equity investor in sub-Saharan Africa and frontier markets.
The agreement will see Exotix provide advice and capital raising support to TLG Capital.
It will also enhance Exotix clients’ access to opportunity rich markets in sub-Saharan Africa. In addition to the strategic partnership, Exotix management will also be personally investing in the platform
TLG Capital brings together regional and sector specific funds under a single platform for the benefit of investors and fund managers alike. This centralised platform offers a more stable framework through
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