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Fujitsu Limited and Panasonic Corporation are to consolidate the design and development functions of their system LSI businesses.
With the backing of capital contributions from third-party investors, Fujitsu and Panasonic will establish a new company under a fabless business model, enabling LSI design and development functions.
At the same time, the two companies have agreed to discuss the transfer of business to the new company. In establishing the new integrated company, Development Bank of Japan (DBJ) has been asked to assist with investment and financing.
Fujitsu and Panasonic are currently engaged in detailed discussions with the goal of promptly finalising
Ogier in Jersey and Guernsey have acted as legal advisers for the co-ordinating committee and ad-hoc working group representing senior lenders on the GBP1bn restructuring of the Biffa Group.
Biffa is a nationwide integrated waste management business.
The High Court approved a UK scheme of arrangement on 28 January 2013 which enabled the recapitalisation announced by the company on 29 November 2012 to be successfully implemented. All senior and junior secured creditors voted to approve the scheme of arrangement.
The Jersey legal advice, involved, amongst other things, the establishment of three new Jersey holding companies, one of the companies which
Thames Valley and South Coast accountants James Cowper has advised the owners and management team of specialist insurance provider MicroEnsure on a new investment round and the structuring of a joint venture.
MicroEnsure is a UK-based insurance provider offering micro-insurance products to four million low and middle income families in Africa and Asia. It provides a range of life, health, property and weather related insurance products through local distribution partners that include microfinance companies, co-operatives and telecoms companies.
The transaction will see founding US investor Opportunity International decrease its stake, with new investment from International Finance Corporation, part of the
August Equity has exited is investment in 4Projects Holdings through a trade sale to TA Associates-backed Coaxis.
4Projects is a provider of secure online collaboration solutions for the building and infrastructure sectors.
Its web-based solutions are delivered to a large, international, blue chip customer base via a Software as a Service model. Its software has been used on large scale projects such as the Olympic Park main stadium and media centre, Emirates Stadium, the OCS Stand at The Brit Oval and the London Array.
Coaxis is a vertical-market, software development and management company. It provides software for mid-sized and large
O’Melveny & Myers has advised Asia Growth Capital Advisors (AGCA) on the acquisition of a seasoned private equity investment portfolio in Asia from Credit Suisse Private Equity Asia Partners.
AGCA worked with lead investor HarbourVest Partners, who structured the transaction, and their co-investors Axiom Asia Private Capital.
AGCA is a Singapore-based private equity adviser focused on managing private equity investments in Asia, specifically in India and South East Asia.
“We were very fortunate to benefit from the advice of a highly professional and motivated team at O’Melveny & Myers on this complex transaction,” says Soma Ghosal Dhar, partner and
Richard Gwilliam (pictured), Head of Property Research at PRUPIM offers his outlook for global real estate…
Europe – Growth is expected to remain weak into 2013. The weakness of the economy is continuing to affect property markets, with rents largely staying flat in core countries, whilst selected peripheral economies record further falls. However, in the retail sector, rental growth is being recorded in some markets, largely restricted to the most prime locations in core markets.
Further yield compression has been seen in some of the German and Nordic core markets on prime property, as investors continue to look for
The Cambridge Associates Australia Private Equity and Venture Capital Index rose by 2.90 per cent in the third quarter of 2012, according to the latest quarterly report released by The Australian Private Equity and Venture Capital Association (AVCAL).
For the 12 months ending 30 September 2012, the C|A Australia Index rose by 6.44 per cent. Over the same period, the S&P/ASX 300 Index surged to record a return of 14.46 per cent.
However, over the longer three- and five-year horizons the C|A Australia Index outperformed the public equities index, rising by 8.33 per cent and 2.97 per cent respectively on
Secondary buyouts produce returns that match or even exceed returns on primary buyouts sold to private equity acquirers, while carrying substantially less risk, according to a report by The Boston Consulting Group (BCG) and HHL Leipzig Graduate School of Management.
The findings of the report, titled: "Take a Second Look at Secondaries: Owners That Raise Their Value-Creation Game Can Excel," are a strong challenge to critics who claim that secondaries – companies whose ownership passes from one PE buyer to another – are second-rate assets because they have little potential for value creation.
Drawing on one of the largest samples
Darian Capital Services has launched two services to address impending US and European regulations that will change the way hedge and private equity funds are marketed.
In the US, such "private" funds have been barred from "general solicitations" or any wide-net advertising. Some interpretations of this bar have meant hiding even basic fund information and performance from the public.
Enacted last year, the JOBS Act eliminated this restriction, soon permitting "private" funds to advertise like mutual funds, which have used television and web advertising to increase assets. According to a 2013 Deloitte report, this will likely significantly "reshape the way
By Richard Cassell and Kristin Konschnik, partners, Withers – The US Treasury Department has now released the long-anticipated final FATCA regulations (the ‘Regulations’), which build upon the foundation of the proposed regulations but contain some significant additions and modifications.
Non-US financial institutions and non-financial entities that have been waiting for the release of the Regulations before embarking in earnest on their FATCA compliance projects should now finally have enough information to begin preparing for this new US regime. Non-US financial institutions and non-financial entities, including banks, funds, trust companies, trusts, and charities should begin their preparations as soon as possible,
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