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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.
Innova Capital, a Central European private equity fund, and the European Bank for Reconstruction and Development (EBRD) are investing in EnergoBit Group, an electrical engineering services company in Romania.
Innova Capital, a Central European private equity fund, and the European Bank for Reconstruction and Development (EBRD) are investing in EnergoBit Group, an electrical engineering services company in Romania.
Innova Capital, a Central European private equity fund, and the European Bank for Reconstruction and Development (EBRD) are investing in EnergoBit Group, an electrical engineering services company in Romania.
Innova Capital, a Central European private equity fund, and the European Bank for
Buy and build add-on activity in Europe has been even weaker than the subdued levels seen in H1 2012, and well below the same quarter in 2011, according to Silverfleet Capital and mergermarket’s Buy & Build Monitor for Q3 2012.
The volume of buy and build activity in Europe in Q3 2012 was slightly below the level seen in H1 2012, with only 50 add-ons completed in the quarter, compared with 142 add-ons in H1 2012 and 85 add-ons in the same quarter last year. This represents one of the weakest quarters since the nadir in mid-2009.
The average disclosed
Ruth Lea, Economic Adviser to the Arbuthnot Banking Group, discusses aspects of the forthcoming Autumn Statement, due on 5 December…
It is universally expected that the accompanying economic growth forecasts by the Office for Budget Responsibility will be significantly downgraded as growth has disappointed since the March Budget. Reflecting the weaker economic performance, the public finances are deteriorating, which has implications for both of the Chancellor’s fiscal rules. Concerning the Fiscal Mandate it is likely that the balancing of the cyclically-adjusted current budget will be achieved in FY2017 rather than in FY2016. But Mandate will still be “met”. The Supplementary
Following its investment in December 2011, MMC Ventures has led another GBP800,000 round of investment into Love Home Swap, the international holiday home exchange website founded by serial entrepreneur Debbie Wosskow.
Love Home Swap has appointed David Kelly as chairman (Amazon, Lastminute, eBay, mydeco, Rackspace) and Sean Cornwell (Google, eHarmony) as non-executive director.
Love Home Swap launched in 2011 to provide members with the opportunity to swap their homes with stylish residences across more than 100 countries – enabling people to holiday like a local by staying in inspiring homes around the world for free. Whether a Parisian loft
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