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Inflation can be good for governments, reducing the real value of government debt, but it reduces living standards for those whose incomes are not protected from rises in the rate of inflation.
Keynes called it “Euthanasia of the rentier”, and savers should be under no illusions as the long-term effect of inflation on their financial health, according to John Chatfeild-Roberts (pictured), chief investment officer and head of the Jupiter independent funds team at Jupiter Asset Management.
“In my view, the Consumer Price Index (which is used as an inflationary indicator) under-records the actual inflation experienced by many groups of people,
The Riverside Company has invested in Bohemia Interactive Simulations, a developer and provider of games for training technology and interactive simulation systems sold to defence, emergency and mission-critical customers.
Bohemia supplies the US Department of Defence, UK Ministry of Defence, Australian Defence Force and a range of other international clients. Bohemia’s flagship product, Virtual Battle space 2 (VBS2), is the de-facto industry standard within its segment.
VBS2 is a fully interactive, three-dimensional training and simulation system suitable for a wide range of military or commercial training and experimentation purposes, particularly for tactical training and mission rehearsal scenarios.
Bohemia
LBO France has appointed Vincent Briançon as director for the White Knight funds, a series of LBO funds investing in companies with an enterprise value ranging from EUR100m to EUR2bn.
Briançcon’s appointment strengthens the White Knight investment and portfolio management team, which now has 14 professionals. LBO France counts 50 employees.
Briançon, 40, spent 14 years with Bridgepoint Capital, first in London and, since 2000, in Paris. He was promoted to partner in April 2008. A recognised private equity professional, he has focused on healthcare and consumer goods transactions including Medica, Medipole, Nocibé, Afflelou and Histoire d’Or. During this
HYCOR Biomedical, Inc., a leading manufacturer and marketer of in vitro diagnostic products for the global allergy, autoimmune and urinalysis markets, today announced that Ed Cordell (pictured) has joined the company as Chief Financial Officer.
“Ed’s three decade career brings a set of invaluable skills that we need as we embark on our next phase of growth,” said Dick Aderman, CEO, HYCOR. “His tested financial and strategy expertise will help ensure HYCOR remains on a strong path to meet our customer and investors expectations. We welcome Ed and are thrilled to have such a high caliber executive join our team.”
European private equity firm Silverfleet Capital is to acquire A/S Cimbria, a manufacturer of equipment and processing lines for handling and processing of seed and grain, for DKK1,025m (EUR137m).
Completion, which is subject to obtaining clearance from the competition authorities, is expected to occur within the next few months.
The transaction is Silverfleet’s second investment announced within the past few weeks, having also completed the acquisition of La Fée Maraboutée, a French wholesaler and retailer of women’s fashion, for EUR65m on 14 December.
Cimbria, headquartered in Thisted in Denmark, is a global manufacturer of equipment used for either seed
Veronis Suhler Stevenson (VSS) founding partner and president John Suhler retired from the private investment firm at the end of 2012.
Suhler (pictured), who is 69 years old and co-founded Veronis Suhler Stevenson in 1981, has been named chairman emeritus and will continue, along with other VSS partners, to represent VSS at communications industry events.
Suhler co-founded VSS under the premise that seasoned, media, communications and information industry-focused professionals could leverage their specialised skills to provide higher quality merger and acquisition advisory services, corporate finance representation and general financial advice. His legacy includes more than 700 transactions representing over USD35bn
North American deal flow reached a post-Lehman high in 2012, according to data from Preqin.
This contributed to strong global deal flow recorded in 2012, with 2,866 buyout deals announced valued at USD254.6bn.
This nears the global post-2008 highs of 2011, which witnessed USD264.8bn globally from 2,900 buyout deals. Compared to 2010, global deal flow in 2012 represents a 14 per cent increase in the number and a 15 per cent rise in the value of buyout deals.
North America also witnessed a post-Lehman high in 2012 in relation to exits, with USD147.1 worth of exits taking place in the
Appleby has made a number of changes to its leadership team, including the appointment of Frances Woo as group chairman.
Woo (pictured) will succeed Peter Bubenzer who will be retiring from the Appleby Group on 31 March 2013, following a career at Appleby that spans over 32 years.
Appleby has also appointed a new global head of its corporate and commercial practice. Effective early in the New Year, Cameron Adderley will lead the corporate group, which is one of the largest in the offshore world. Adderley succeeds Judith Collis who has served as global practice head for seven years. She
Thomas Mirow is to join RiverRock European Capital Partners’ senior advisory board, effective 7 January.
From 2008 to 2012, Mirow (pictured) was the fifth president of the European Bank for Reconstruction and Development (EBRD) in London. Previously he was a State Minister in Hamburg (1991 to 2001) and worked in the private sector before being appointed by Chancellor Schröder as Director of the Economics Department at the Chancellery (2005).
After the election of Chancellor Merkel in late 2005 and up to 2008, he served as Germany’s Deputy Finance Minister (Staatssekretär) in charge of international affairs and financial markets.
Mirow has
Schulte Roth & Zabel has appointed Taleah E Jennings as a partner.
The firm has also promoted Laura Angel-Lalanne, Christopher H Giampapa, Rami Kidouchim, Brian T Kohn, Neil Robson and Cathy A Weist to special counsel.
Jennings, Angel-Lalanne, Giampapa, Kidouchim and Kohn are located in firm’s New York office. Robson and Weist are resident in the firm’s London office.
“All of these lawyers have distinguished themselves through their contributions to our clients and the firm,” says Alan Waldenberg, chair of the firm’s executive committee and chair of the tax group. “They are an important part of the firm’s
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