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Alternative asset manager The Carlyle Group has named Robert Mancini a managing director and co-head of the Infrastructure Fund, joining founding co-head Robert Dove.
Mancini is currently a managing director at The Goldman Sachs Group with responsibility for power asset investments made through Cogentrix Energy, an independent power producer and wholly owned subsidiary of Goldman Sachs. Mancini is currently also the chief executive of Cogentrix.
He will join Carlyle upon the completion of the acquisition, expected in the fourth quarter of 2012, by Carlyle of Cogentrix’s North American business and will be based in New York.
Dove says: “We are
HIG Capital’s Brazilian affiliate has completed the acquisition of Cel Lep Idiomas, a premium English Language Teaching (ELT) network in Brazil.
Headquartered in São Paulo, Brazil, and operating primarily under the Cel Lep brand name, the company operates through 17 owned schools in São Paulo and through four other licensed schools in the states of São Paulo and Minas Gerais.
Professor Walter Toledo Silva, founder of Cel Lep, says: “We are excited about the HIG acquisition. Their ability and experience in helping companies grow all over the world will help build on my legacy and accelerate the expansion of Cel
Fourth, a SaaS provider of labour, payroll, inventory and procurement systems for the restaurant/bar, hotel, contract catering and leisure markets, has acquired Adaco, a supplier of SaaS based purchasing and inventory control solutions to the hotel sector in the US and throughout the world.
With over 400 customers in 54 countries and a 27 year history, Adaco will continue to operate from its Connecticut base in the US, supported by the Fourth team in London, England. The Adaco office will become the operating base for Fourth USA.
Fourth and Adaco have strong product offerings in their respective markets and
Ogier London, in its role as long term BVI legal adviser to Touchstone Gold, has assisted with Touchstone’s acquisition of Atlantis Gold Mines.
The new business combination has resulted in the creation of a Colombia focused gold exploration and development company.
Ogier London acted for Touchstone on its 2011 AIM listing and has now assisted on its migration to Canada to facilitate the acquisition of Atlantis.
The Ogier team was led by London managing partner Simon Dinning and senior associate Wendy Walker and worked with UK counsel Fladgate and Canadian counsel Cassels Brock.
Dinning says: "We have
Two of Foresight Group’s private equity portfolio companies – Evance Wind Turbines, a Loughborough-based small wind turbine manufacturer, and Autologic Diagnostics, an Oxford-based car maintenance software provider – featured in this week’s Sunday Times Tech Track supplement of the 100 fastest growing private companies in the UK.
Evance ranked 14th in Tech Track 2012 having posted sales growth of 144 per cent in the year ended March 2012 on revenues of GBP7.2m, while Autologic Diagnostics posted sales of GBP15m to end December 2011, representing growth of 39 per cent on 2010, ranking it 94th.
In early 2012, Autologic implemented a
HIG Europe, the European arm of private equity firm HIG Capital, has completed the acquisitions of ARMetallizing, a Belgium based manufacturer of metallized paper, from Ackermans & van Haaren and Vacumet Paper, a Massachusetts based manufacturer of metallized paper, from Scholle.
The combined group aims to be the global market leader in metallized paper for use in the beverage and consumer packaged goods markets.
The group’s metallized paper is currently used as the base paper in premium beer labels, spirit labels, food packaging, consumer product packaging and gift wrap, and can be found on many household brands such as Becks
HarbourVest Global Private Equity’s estimated net asset value per share is USD11.46, a USD0.15 per share (1.3 per cent) increase from the 31 July 2012 figure of USD11.31.
This change mainly reflects increases in the value of privately-held investments as the entire portfolio was re-valued to reflect final 30 June 2012 valuations, which were partially offset by ongoing operating expenses.
At 31 August 2012, HVPE is valuing the absolute portfolio at USD24.54 per share (including dividends received since closing), which is a 33 per cent increase over the purchase price of USD18.50 per share. Absolute has been de-listed and
Alternative asset manager The Carlyle Group has acquired 60 per cent of Tok&Stok, Brazil’s largest specialty furniture retailer by sales, from founders Ghislaine and Régis Dubrule.
Dubrule will remain chief executive of Tok&Stok following the transaction and the founders will retain a 40 per cent stake in the company.
Equity capital for the transaction will come from the USD1bn pool of capital managed by Carlyle’s South America Buyout Fund and Fundo Brasil de Internacionalização de Empresas FIP (FBIE), a local fund advised by Carlyle and Banco do Brasil.
The transaction is subject to approval by antitrust authorities and is expected
iWalk has closed a private series D equity financing round of USD17m led by new investor Gilde Healthcare Partners.
Geoff Pardo, partner at Gilde Healthcare Partners, has joined the company’s board of directors.
Existing investors, including WFD Ventures, General Catalyst Partners, and Sigma Partners also participated in the financing round.
“The promise and potential of personal bionics is endless and iWalk is well positioned to push this growing market to new, exciting places well beyond traditional orthotics and prosthetic devices,” says Pardo. “We led this investment round because we truly believe that iWalk has the right mix of unique products
The Mergermarket Group has acquired Inframation Group. Livingstone advised the shareholders of Inframation on the transaction.
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