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Gleacher Shacklock, an independent corporate finance advisory firm, has appointed Richard Slimmon as a partner.
Slimmon was previously a managing director at Deutsche Bank.
At Gleacher Shacklock, Slimmon will have responsibility for financial institutions. He has over 20 years of experience in the financial institutions sector including M&A, debt and equity advisory and issuance. Slimmon joined Deutsche Bank from Merrill Lynch in 2009.
Gleacher Shacklock’s chief executive Tim Shacklock says: "Richard has a very strong reputation and track record in financial institutions. His expertise and first class relationships will be a strong complement to our existing sector strengths."
US law firm Sullivan & Worcester has launched a London office with the recruitment of trade finance partner Geoffrey Wynne. Sullivan & Worcester, a specialist in corporate finance, banking, trade finance, litigation, mergers and acquisitions, and tax, intends to build up a London practice linked closely to its US offices.
The office will also benefit from the firm’s formal alliance in Israel and significant client activity across Europe and Asia.
“Geoff’s extraordinary reputation in trade and commodities finance transactions strengthens our current trade finance practice,” says Sullivan & Worcester co-managing partner Joel R Carpenter. “A significant presence in London is
Former chairman and chief executive of 3M, Sir George Buckley, and ex-head of responsible equity strategies at PGGM, Alex van der Velden, are launching an asset management firm designed to engage in a close partnership with the companies it invests in – a practice they have coined “ownership investing”.
Buckley (pictured) says: “There is a pressing need for shareholder engagement and a sustainable approach to business in the current turbulent economic environment. The chance to chase a quick dollar (and the fear of not doing so) has distracted investors in the past, often to the detriment of long-term growth and
Intervale Capital, an energy-focused private equity firm, has made an equity investment in Aegis Chemical Solutions, an oilfield chemicals and water treatment business headquartered in The Woodlands, Texas.
Aegis provides oil and gas production chemicals and chlorine dioxide treatment services to customers in major oilfield markets, with a particular focus on the Permian Basin of West Texas and Southeastern New Mexico.
The transaction merges Aegis with Mid-Chem, a Midland, Texas-based production chemicals business, and positions Intervale as the majority owner of Aegis.
Charles Cherington, managing partner at Intervale, says: "We are very pleased to partner with an excellent team at
Middle market buyout and growth equity firm Ridgemont Equity Partners has promoted Kelly Brennan to vice president.
The promotion is effective immediately.
“We’re excited to announce the promotion of Kelly to vice president,” says Donny Harrison, partner at Ridgemont. “Kelly has been a valuable member of our team in building Ridgemont’s brand and expanding the group’s origination platform as an independent firm. We look forward to her continued contribution to our success in the coming years.”
Brennan (pictured) will remain focused on the team’s business development and origination initiatives.
Prior to joining Ridgemont in 2010, she spent over two years
IMAP, the global partnership of M&A and corporate finance firms of which Clearwater Corporate Finance is the UK partner, has consolidated its position as the world’s leading advisory network for mid-market deals in the latest Thomson Reuters rankings.
IMAP is ranked seventh in the worldwide mid-market rankings for 2012 after completing 196 transactions. It makes IMAP the highest-ranked advisory network and is above firms including Deloitte, Barclays and Ernst & Young.
In the UK, IMAP is in eighth position for completed transaction in 2012, with 31 deals. IMAP is ranked above M&A advisers including Deloitte, Morgan Stanley, Lazard and
Verisae, a provider of maintenance, energy, environmental and sustainability management SaaS, cloud-based solutions, has been acquired by Marlin Equity Partners.
Based in Los Angeles, Marlin is a private investment firm with over USD1bn of capital under management.
"We are very excited to be partnering with a strong private equity firm," says Jerry Dolinsky, Verisae’s chief executive. "Marlin brings access to best practices, technology resources and capital, enabling sustained innovation and growth. With Marlin’s backing and Verisae’s comprehensive software offering, industry leadership and world-class client base, we look forward to accelerating our growth and extending our product solutions to service the
Altium, the international investment bank, has agreed a strategic partnership with US investment bank Petsky Prunier.
The alliance follows a selective screening process and offers Altium’s clients improved access to advisory services in North America.
Petsky Prunier’s areas of expertise mirror those covered by Altium. The US firm provides advice on M&A and private placements to businesses in the digital media, e-commerce, digital advertising, marketing, technology, software, communications, information and business services and healthcare sectors.
Phil Adams (pictured), group chief executive of Altium, says: “We are delighted to enter into this partnership with Petsky Prunier to develop our activities
CapX Partners, a specialty finance company, has closed its latest fund with total commitments of USD225m.
CapX IV closed at the end of 2012 with USD75m of private capital.
With its SBIC Debenture License, CapX IV now has access to an additional USD150m in debenture leverage funding from the SBIC.
CapX managing partner Jeffry Pfeffer (pictured) says: "We are pleased to be able to continue to help more companies achieve their growth goals. Small and medium sized companies often have specific capital needs and therefore limited financing options—CapX’s investment focus provides these companies the fixed asset oriented financing that stimulates
ScaleArc, a provider of database infrastructure software that simplifies the way database environments are deployed and managed, has secured USD12.3m in new funding from venture capital firms.
The round was led by Accel Ventures with participation from existing investors including Trinity Ventures and Nexus Ventures, from whom ScaleArc had previously raised USD5.33m in 2011.
The new funding will be used primarily to invest in sales and marketing to fuel ScaleArc’s global expansion in the multi-billion dollar Big Data market, as well as to maintain aggressive development of its product roadmap.
ScaleArc iDB is software that inserts transparently between applications and
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