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Greenpark Capital has appointed Daniel Green as chief investment officer.
The appointment marks the latest stage in Greenpark’s development as a mid-market secondaries firm.
Greenpark last year won a mandate from the International Finance Corporation to collaborate on a new initiative focusing on private equity secondaries in emerging markets – the first of its kind.
Green (pictured) joined Greenpark in 2001 and is responsible for leading the investment team’s activities, as well as being directly involved in the sourcing, evaluation and execution of transactions. Over the past 12 years he has been involved in numerous secondaries investments throughout Europe, the US
The Abu Dhabi Investment Authority (ADIA) has appointed Colm Lanigan as head of principal investments in its private equities department, effective immediately.
In this new role, Lanigan will be responsible, alongside senior management, for developing strategy and overseeing the execution and management of principal investments, in which ADIA acquires equity stakes in private companies, typically alongside private equity sponsors or partners.
Based in Abu Dhabi, Lanigan will report to Hareb Al Darmaki, executive director of ADIA’s private equities department.
With over 20 years of public and private markets experience, Lanigan’s career has included senior roles in some of the
Loss adjusting and claims management firm Cunningham Lindsey Group and a CVC Capital Partners-led investor group including Allied World Financial Services have agreed to a recapitalisation by which funds affiliated with CVC will acquire majority ownership of Cunningham Lindsey.
Founded more than 100 years ago, Cunningham Lindsey has grown organically and through acquisitions into the largest loss adjusting and claims management firm globally with a network of approximately 7,000 people operating in 61 countries.
In 2007, affiliates of Stone Point Capital acquired a majority interest in the company via a public-to-private transaction, with Fairfax Financial Holdings retaining a substantial ownership
Mexcian restaurant group Tortilla, which is backed by private equity firm Quilvest, has secured GBP2.25m in new bank financing from Santander Corporate Banking to fund expansion.
The new credit facilities will further enhance Quilvest’s original GBP3.5m investment in Tortilla in December 2011.
The financing comes as Tortilla secures three additional sites in London, Kent and Southampton and continues to pursue its expansion strategy. Including these three new openings, Tortilla will have 11 restaurants in the UK and is understood to be in discussions for several additional locations. The new London site at 460 Strand is adjacent to Trafalgar Square.
Quilvest
Avalon Lake Partners has appointed Harris Bogner, an attorney and compliance expert, to head its compliance services group.
Bogner’s role at Avalon Lake Partners will be to work directly with clients to ensure they develop a strong understanding of their compliance obligations while providing them with practical, cost-effective solutions.
Avalon Lake Partners recently spun-out from WTP Advisors to focus on providing a comprehensive set of advisory services to the alternative asset management industry, namely hedge funds, private equity firms and family offices.
“Finding someone of Harris’ experience and business acumen is a major coup. He is the perfect complement to
Bedell Cristin has appointed Valerie Georges-Thomas to head up the firm’s British Virgin Islands office.
Georges-Thomas (pictured) was previously a partner at Appleby in the firm’s corporate and commercial practice group. Her appointment follows on from Bedell opening an office in Singapore in July, headed by BVI lawyer Stephen Adams.
Bedell’s BVI law practice, represented in Jersey, Singapore and the BVI, acts as a gateway for the flows of corporate business from China and the wider Asian region. The BVI office will also service clients in North America and the growing markets in Latin America.
Georges-Thomas advises on all aspects
HarbourVest Global Private Equity’s net asset value was USD943.3m, or USD11.41 per share, as at 31 July 2012, essentially unchanged over the six-month period from 31 January 2012 (USD11.42).
A small net increase based on realisations through 31 July 2012 was offset by ongoing operating expenses and foreign currency losses, as concern around the euro grew.
HVPE experienced six consecutive months of positive cash flows, investing USD36m in HarbourVest funds and realising USD93m from HarbourVest funds, for net positive cash flows of USD57m during the period. The company repaid USD44m of outstanding debt, reducing borrowings on its USD500m credit
Middle market private equity firm The Sterling Group’s affiliated investment fund, Sterling Group Partners III, is to acquire all of the equity interests that comprise the Dexter Axle business from Tomkins Industries, a subsidiary of Pinafore Holdings.
The Dexter Axle business manufactures trailer axle, brake and suspension assemblies and related replacement parts and components.
The closing of the transaction is subject to customary conditions and is expected to occur in the last quarter of 2012.
AXA Private Equity has agreed to acquire a majority 70 per cent stake in Bruni Glass, a European provider of glass containers for spirits, food, pharmaceutical products and related accessories.
Alongside AXA Private Equity, the founding members and the management of Bruni Glass took part in the deal with a total stake of 30 per cent.
Bruni Glass, founded in 1974, has been a market leader in glass containers for wine, champagne, food and pharmaceutical products for over 35 years, with a particular expertise in speciality products, often developed to meet a customer’s specific requirements. The group is well known
Bayside Capital has completed the sale of portfolio company Environmental Filtration Technologies (EFT) to Nederman Holding.
Based in Charlotte, North Carolina, and with locations across North America, Germany, France and Australia, EFT is an industrial air filtration company. EFT offers air pollution control and air filtration equipment, including industrial dust collectors, baghouses, air and liquid filtration systems, filter bags and cartridges, as well as equipment and engineered systems for evaporation and distillation.
EFT markets its products under the globally-recognised MikroPul, Menardi, Filtex and Filter-Media, LCI and Pneumafil brands.
After investing in EFT, Bayside restructured the company’s balance sheet, narrowed its
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