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CSG Partners, the New York-based boutique investment bank, acted as the exclusive financial adviser for a USD11m senior debt financing for Ambertek’s acquisition of SS Equipment Services (SSE).
SSE is headquartered in Cotulla, Texas and is an oil field services company focused on providing critical pre- and post-drilling construction services to many oil and gas exploration and production firms in the Eagle Ford Shale region of Texas.
"CSG Partners is proud to have worked with The Ambertek Group to help finance this acquisition," says Alex Meshechok, a managing director at CSG Partners. "This is an exciting opportunity for Rick Pfeiffer
The Securities and Exchange Commission has filed a complaint in the US District Court for the Northern District of Illinois against Joseph J Hennessy and his firm, investment adviser Resources Planning Group (RPG), for defrauding clients and others who were promised returns that would "beat the market" for investing in a private equity fund they managed.
What investors did not know was the fund was failing and they were being used to raise money to repay promissory notes to earlier investors.
The SEC alleges that Hennessy and RPG raised more than USD1.3m by misrepresenting the Midwest Opportunity Fund (MOF) as
Private equity firms in the US are facing increased competition from foreign and international firms for investment opportunities within the US market, according to the 2012 Global Private Equity Report by Grant Thornton International.
Now in its second year, the report is the result of 143 in-depth interviews with senior private equity practitioners around the globe. It provides insight into private equity general partners’ expectations for numerous aspects of the fundraising and investment cycle during the next 12 to 36 months.
According to the survey, North America is among the top three regions for investment by private equity firms in
Northern Trust has expanded its alternatives business development team across the UK, Ireland, Luxembourg and Channel Islands with the appointment of Edwin Parker.
In this newly created role Parker (pictured) will focus on offering Northern Trust’s hedge fund administration services and its specialist private equity, infrastructure, and real estate fund administration services to fund managers across the region.
“Fund managers are faced with a number of pressures – from generating returns for their investors to meeting new regulatory requirements, and reporting on risk management and demonstrating transparency,” says Madeleine Senior, head of sales for asset servicing at Northern Trust in
Canyon Midstream Partners has received a capital commitment of USD300m from Kayne Anderson Capital Advisors and Canyon management to support the firm’s strategy to develop, acquire and operate midstream energy assets and businesses.
Canyon is focused on developing midstream assets and providing services in conventional and unconventional production regions in North America, where improved exploration and production technology is increasing hydrocarbon recoveries.
Canyon was formed by former senior management of Delphi Midstream Partners and Laser Northeast Gathering Company. The Canyon team is led by Michael Walsh, president and chief executive; Mark Fuqua, senior vice president of business development; and Dale
Seventy per cent of institutional investors in North America and Europe recommend that a Latin American company pursue an initial public offering in today’s capital markets, according to a survey released by JP Morgan’s depositary receipts (DR) business.
Survey participants, who were interviewed in September 2012, believe that despite significant macroeconomic headwinds in Europe and China, Latin America is a region with steadfast domestic markets and attractively-valued companies that demonstrate significant growth potential.
“Each year we survey North American and European institutional investors, with the aim of helping our Latin American clients better understand investor sentiment toward companies in
PARTNERS+simons, a brand communications company specialising in the healthcare and financial services industries, has secured an investment from Baird Capital Partners.
The investment by Baird Capital Partners will enable PARTNERS+simons to expand on its services as the changing landscape in both healthcare and financial services remain prominent on the national agenda.
The company plans to build or acquire additional capabilities in public relations, direct-to-consumer marketing, data-driven analytics and CRM, social media, mobile and tablet applications, and patient engagement.
“There is enormous opportunity to develop even more comprehensive, cross-channel communications models for our clients, and this partnership with Baird Capital Partners
Babson Capital Management has provided a combination of senior debt and subordinated debt and equity to support River Capital’s purchase of Blue Wave Products.
Babson Capital served as the sole provider of senior and subordinated debt on the transaction.
Illinois-based Blue Wave is a distributor of above-ground swimming pools, pool accessories and other products to internet dealers and the internet channels of large national retailers. Blue Wave serves as a one-stop shop offering more than 6,000 wholesale recreational products including pools, automatic cleaners, steps and ladders, winter products, games and saunas.
“As a reliable partner on eight portfolio investments spanning
ChemDesign Products, a portfolio company of The Resilience Fund II, has been acquired by Lubar, a Milwaukee-based private investment firm.
ChemDesign is a provider of custom toll manufacturing services to the global chemical industry. The company has developed a strong reputation for partnering with its blue-chip customers, using its technical personnel, flexible manufacturing facilities and process optimisation capabilities to produce highly complex chemicals.
The sale of ChemDesign generated a 3.8x net return on invested capital and a 25.9 per cent net internal rate of return.
"Our investment in ChemDesign is a great case study in corporate renewal. Through hard work,
Diana, the French food manufacturer backed by AXA Private Equity, has acquired Givaudan’s vegetables, wines and vinegars extracts range.
This is Diana’s fourth transaction since June and reflects the company’s ambitious growth strategy.
AXA Private Equity has also set up a EUR50m “payment-in-kind” tranche, financed by JP Morgan Mezzanine and Mezzvest, to help finance this and other planned future acquisitions.
The acquisition of the assets from Givaudan follows Diana’s recent purchase of US food manufacturer Pacific Pure Aid and also French mushrooms’ extract specialist Arômes de Chacé. Diana has also recently created Ecuaprotein, a new AquaSea site in Ecuador,
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