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Drooms, the global virtual data room specialist providing solutions across real estate, corporate finance/M&A, life sciences and corporate services, has expanded into the UK.
One of the drivers for greater use of virtual data rooms is increasing post-M&A litigation, which has put due diligence in the spotlight as the regulatory landscape gets ever more complex, while the common use of fixed or capped legal fees has put a premium on better efficiency in due diligence.
A recent survey of 100 senior European corporate executives undertaken by Drooms asked why transactions fail to complete. Fifty eight per cent believed that this
Arkadin, the global collaboration services provider, has acquired Novasight, a company founded and managed by Philippe Decaesteke specialising in video conferencing services.
Through this acquisition, Arkadin will reinforce its video conferencing offer (from the video-as-a-service to managed services) while boosting its development to Unified Communications, solutions which gather all the communication tools within a single interface.
Novasight will be able to use Arkadin’s global network to accelerate its own growth. Arkadin will also be able to offer its 25,000 B2B clients the knowledge and expertise of Novasight’s teams and technological partnerships, which the company has built since its creation in
Wind energy specialist Gamesa has sold a wind project in France with installed capacity of 8 MW to Impax New Energy Investors II (NEF II), an investment fund managed by London-based Impax Asset Management, via its portfolio company, Epuron France.
La Souterraine wind project in the Limousin region of France will be equipped with four Gamesa G97, 2.0MW turbines. The construction of the project, which was developed and will be built by Gamesa, will start by the end of the year.
Joe Berry, investment director in Impax’s private equity infrastructure team, says: “We are delighted to sign our first Gamesa
Jonathan Heaney (pictured), a partner with international law firm Walkers in Jersey, says the collaboration and flexibility available in the island hold the key to attracting private investment structures to capitalise on one of the few investment areas consistently to deliver capital growth and steady income in recent years.
Higher education in the UK has become synonymous with spiralling costs in recent years. Few if any participants in the debates on the levying of tuition fees, the cutting of non-repayable maintenance grants and the appropriateness or otherwise of calling student loans ‘debts’ would claim that higher education is likely to
Z Capital Partners, a private equity firm focused on revitalising businesses, has named William J Monagle, Jr, as managing director.
Monagle (pictured), who has served in a consultant capacity to Z Capital since early this year, will be responsible for operational and accounting due diligence for portfolio companies, board representation of portfolio companies, and internal infrastructure.
Most recently, Monagle was a partner and senior strategist focusing on private markets for NEPC, an investment advisory firm.
James J Zenni, president and chief executive officer of Z Capital, says: "We are pleased to welcome Bill to the firm. With more than 20
Private equity fund Brynwood Partners VI has sold its portfolio company, Balance Bar Company, to NBTY, a specialist in vitamins, supplements and active nutrition products and a portfolio company of The Carlyle Group.
Balance Bar, founded in 1992 and acquired by Brynwood VI from Kraft Foods in 2009, has been an innovator in the nutrition/energy bar category.
The company, which is headquartered in Valhalla, New York, is one of the leading brands in the high growth USD1bn nutrition/energy bar category.
"We are delighted to announce the divestiture of Balance Bar, which was our first investment in our most recent fund,
Platte River Equity has acquired The WellMark Company, an Oklahoma-based manufacturer of liquid and pneumatic flow controls and valves serving the oil and gas and petrochemical industries.
"We are pleased about WellMark’s new partnership with Platte River Equity," says Dick Pfieffer, co-founder of the company. "The additional capital along with the significant operating and financial experience of the Platte River team creates exciting opportunities for WellMark as we remain focused on building quality products and maintaining the highest level of service for our customers."
Platte River principal Mark Brown says: "The significant development of unconventional resources in North America has
Monomoy Capital Partners, a New York private equity fund focused on value investing and business improvement, has acquired the assets of MPI from Revstone Industries.
Monomoy acquired MPI through its second fund vehicle, Monomoy Capital Partners II. Terms of the transaction were not disclosed.
MPI is a North American manufacturer of high-precision, fineblanked metal components for powertrain systems, hydraulic systems and other safety-critical automotive and industrial applications. Fineblanking is a dual-press stamping process for cutting, shaping and machining of highly engineered metal components that produces parts with uniform flatness, dimensional accuracy, and near-net finish. The process is ideal for manufacturing
Greycroft Partners, a venture capital firm that specialises in early stage internet and media companies, has held the closing of the fundraising for its latest fund, Greycroft III.
The fund was substantially oversubscribed, but held to the original capped amount of USD175m.
Virtually all of Greycroft’s previous investors committed to the new fund, including JP Morgan, BlackRock Private Equity Partners, Fairview Capital, and Invesco Private Capital. The firm also added a number of new foundations and educational institutions, as well as managers such as Hall Capital, Hamilton Lane, Greenspring Associates, and Cambridge Associates on behalf of their clients.
“We have
Hastings Funds Management has appointed two new members to its European infrastructure team to strengthen the firm’s infrastructure equity, debt and business development capabilities.
Heiko Schupp has joined Hastings as investment director to lead business development, institutional relationship building and fund-raising activities in the UK and Europe.
Schupp will report to Peter Johnston, executive director, and work in conjunction with the London based investment team.
Prior to Hastings, Schupp was principal, head of infrastructure Europe at Pantheon where he was responsible for infrastructure investment opportunities in Europe. In this role he led co-investment, secondary investment and primary fund-of-funds investment activities.
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