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Claranet, a European managed service provider, has acquired Star, a UK provider of managed technology services.
The acquisition creates the largest mid-market provider of integrated hosting and network services in the UK and continental Europe.
Claranet is acquiring STH and its subsidiary, Star Technology Services, in a deal valued at GBP55m.
The trading entities will be maintained and will become wholly owned by Claranet.
Charles Nasser, chief executive and founder of the Claranet Group, says: “From a market and customer perspective, this is a great opportunity to bring together the experience and resources of two great companies to deliver a
Mayfair-based Murano Systems is planning to open an office in New York in the spring of 2013.
This will be the boutique company’s second office and will offer the same asset-raising services as the company’s existing London operation.
Murano’s way of streamlining the asset raising process caters to both investors and funds. The core business is identifying investors who are potentially interested in the specific characteristics their fund clients have on offer.
The firm works with funds, funds of funds and private equity houses of all sizes to help them find and identify investors.
Murano’s team of analysts call investors
Kohlberg Kravis Roberts is to acquire speciality insurance brokerage firm Alliant Insurance Services from Blackstone.
Terms of the transaction have not been disclosed.
Tom Corbett, chairman and chief executive of Alliant, says: “This transaction marks the next phase of Alliant’s growth and offers us an exciting opportunity to continue to build the business and offer best in class products and services to our clients. We are pleased to be partnering with KKR and appreciate the positive role that private capital can play in helping us manage our business and execute a growth strategy. This transaction will enable Alliant to remain
In spite of the difficult macroeconomic climate – hampered by the European and American debt crises – Australian private equity and venture capital transaction value and volume remained consistent in 2012, according to the fourth annual AVCAL/Pacific Strategy Deal Metrics survey.
Respondents to the survey, which covers AUD77.7bn worth of transactions conducted by 170 funds between FY06-FY12, are confident that the deal pipeline in FY12 has improved on FY11, driven by increased succession pressures and converging price expectations.
Market caution though, saw assets exchange for slightly lower multiples in FY12. However, a common theme emerging from the surveys was that
The European Energy Exchange (EEX) has launched trading in new short-term power derivatives, the Phelix Day and Weekend Futures.
The new Day and Weekend Futures complement the existing cash settled Phelix Futures for Germany/Austria available for trading on a weekly, monthly, quarterly and yearly basis, closing the gap between the Spot and Derivatives Market.
The launch is in response to the trend towards more flexibility and short-term trading on the Derivatives Market.
EEX develops, operates and connects secure, liquid and transparent markets for energy and related products on which power, natural gas, CO2 emission allowances and coal are traded.
The
Hogan Lovells has advised Hay Tor Capital on its acquisition of a majority shareholding in Neonet from Nordic Capital Fund VII.
The transaction was announced on 16 November 2012.
Neonet is a Swedish independent brokerage/execution service provider at the forefront of electronic trading. Hay Tor Capital is a specialist financial services investor.
A consortium of KAS BANK and Neonet’s management also acquired minority interests in Neonet.
The Hogan Lovells team advising Hay Tor Capital was led by London private equity partner Philip Watkins (pictured), supported by associate Victoria Rodley.
Watkins says: We are pleased to have advised Hay Tor Capital
Private equity investment firm Highlander Partners has acquired ProService Agent Transferowy, a transfer agent services provider in Poland, from the Enterprise Investors portfolio company Skarbiec Holding.
ProService AT is a transfer agent services provider for investment and pension funds in Poland.
Highlander Partners, an American investment firm with an active presence in Central Europe, focuses on investments in middle-market manufacturing and service companies that participate in sectors with long term growth potential.
“We decided to back ProService AT because we believe in the further growth of investments funds and the financial services industry in Poland, with which the transfer
Eamonn McConnell and John H Walker have joined Kensington Capital Partners as managing directors.
McConnell has lead responsibility for the Kensington Hedge Fund, while Walker leads Kensington’s infrastructure business.
Together with current Kensington managing directors Tom Kennedy and Rick Nathan, McConnell and Walker serve on the Kensington Investment Committee responsible for all investment decisions of the Kensington Funds.
"We are excited to welcome two strong new partners to our Kensington leadership team," says Kennedy. "Eamonn and John each provide complementary perspectives to our investment decision making process."
Tervinder Chal has joined Alter Domus as country leader of the firm’s Singapore office.
In recent years, as part of its Asia growth strategy, Alter Domus has expanded its presence in the region.
Singapore is an increasingly important destination for the fund management industry and multinational corporations. The Alter Domus Singapore office will provide corporate management and fund administration services to clients located there and across the entire region.
Alter Domus’ other offices in Asia are in The People’s Republic of China (Beijing) and Hong Kong.
Prior to joining Alter Domus, Chal held positions with PricewaterhouseCoopers and KPMG. He then
The Estonian Private Equity & Venture Capital Association (EstVCA) has elected Margus Uudam of the investment firm Ambient Sound Investments as the new chairman of its management board.
Other members of the management board elected include Kristjan Kalda of BaltCap, Heidi Kakko of SmartCap, Mart Altvee of Redgate Capital, Ivar Siimar of WNB, Marek Kiisa of Astrec Invest and Sille Pettai of Swedbank Investeerimisfondid.
Uudam (pictured) says Estonia’s venture capital sector trails Europe in terms of its investment volumes, and consequently the main task of EstVCA in coming years is to significantly increase the market activity.
"Our goal is
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