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Forty four per cent of investors expect to commit capital to private equity before the end of 2012, the latest Preqin Investor Outlook: Private Equity reveals.
Despite uncertainty in the wider financial markets, private equity investors remain positive, with 90 per cent expecting to maintain or increase their allocations to the asset class in the longer term.
Competition continues to increase among fund managers, with 1,878 funds on the road competing for capital in H2 2012. Encouragingly, eighty six per cent of investors interviewed by Preqin expect to consider at least some new manager relationships over the next 12 months,
Azad Zangana, European Economist at Schroders, on the Bank of England’s decision to leave interest rates at 0.5%…
The Bank of England’s Monetary Policy Committee decided to leave interest rates at the record low level 0.5%, and its asset purchase programme (or quantitative easing programme) at GBP375 billion. Having only just increased its quantitative easing programme by £50 billion last month, there was little chance of more action from the Bank, despite the dreadful second quarter GDP figures published last week.
The Bank of England will publish its updated forecast fan-charts for growth and inflation next week in its Inflation
LNK Partners, a private equity firm focused on investing in the consumer/retail sector, has held the final closing of LNK Partners II.
The fund, which was oversubscribed but capped at its USD400m target to allow the firm to continue to focus on investments in middle market consumer and retail businesses, received commitments from institutions and university endowments, as well as senior industry executives.
Investments of LNK’s first fund, which was raised in 2006, included the recapitalisation of Ariat International, a marketer of equestrian related footwear and apparel; the recapitalisation of Au Bon Pain, a fast casual restaurant chain; acquisition financing
BaltCap has invested in the construction of the 18MW Mäli & Tamba wind farm on the west coast of Estonia.
The farm uses modern 3MW turbines produced by Enercon.
A senior loan facility was provided by the consortium of SEB and Nordea banks. The project is partly financed by an investment grant from Environmental Investment Centre.
The wind farm will be operational from September 2013.
“In Mäli & Tamba wind farm we are combining one of the best wind locations on the coast of Estonia with one of the most efficient turbine technologies on the market,” says
Tully & Holland acted as financial adviser to HSN and its subsidiary, Cornerstone Brands, in the sale of The Territory Ahead to Territory Ahead Apparel, an affiliate of Blackstreet Capital.
Terms of the transaction have not been disclosed.
The Territory Ahead is a direct marketer of men’s and women’s apparel with a distinct, casual Santa Barbara style. The Territory Ahead sells its unique, "threads up" apparel through its catalogue, website and several stores.
Founded in 1988, the brand was bought by Cornerstone Brands in 1999.
A holding company owned by the Permira funds has completed the acquisition of Intelligrated, a North American-based provider of automated material handling solutions, services and products, in a transaction at a valuation in excess of USD500m.
Intelligrated designs, manufactures and installs complete material handling automation solutions for the warehousing, distribution, consumer product manufacturing, postal and parcel markets.
Solutions offered by Intelligrated include conveyor systems, sortation systems, palletizers and robotics, order fulfilment systems, warehouse control software and advanced machine controls.
The Permira funds’ investment will support the company’s growth opportunities, including further penetration of its customer base in North America, emerging
AXA Private Equity has acquired the entire share capital of frostkrone Holding alongside the company’s management, which is reinvesting.
The previous majority shareholder, Argantis Beteiligungs, a private equity firm focused on German SMEs, now fully exits from the company.
frostkrone and its subsidiary, Bornholter, produce and market frozen finger food and snack products such as mozzarella sticks, cream cheese jalapeños, chilli cheese nuggets and sushi. The company markets its products in food retail outlets and the food service sector. With its workforce of 102 employees, the frostkrone Group generated sales of approximately EUR36m in 2011.
AXA Private
The Monetary Authority of Singapore (MAS) has set the deadline for the official release of the new rules concerning fund managers for August 2012.
The announcement was made by Ravi Menon (pictured), managing director of the MAS, at the MAS annual report 2011/12 press conference held last week in Singapore.
He said: “All fund management companies will have to meet the enhanced competency, business conduct, and capital requirements by August 2012. Those with assets under management greater than SGD250m will have to be licensed, while those below this threshold may operate under the ‘Registered Fund Management Company’ regime, which will
The domestic Japanese economy remains sluggish, but with valuations close to an all-time low, stocks look attractive, especially in the event of a weakening of its currency, says Bruno Springael, Senior Investment Manager, Global High Dividend at ING Investment Management…
Regionally, there is value to be found but one must be cautious. Japan is likely to offer value and we have seen encouraging signs in emerging markets in Asia and Latin America, with inflation moderating and growth numbers not as negative as first feared.
“However, North America’s economy is showing no signs of improvement, despite recent positive developments in
The offshore M&A market increased in value at twice the worldwide average last quarter compared to the previous quarter, according to a report released by Appleby, a provider of offshore legal, fiduciary and administration services.
The latest edition of Offshore-i, the firm’s quarterly report which provides data and insight on merger and acquisition activity in major offshore financial centres, focuses on Q2 2012.
The key themes emerging from the report show that in the second quarter of 2012 the value of deals involving offshore targets increased 12 per cent, up USD3.8bn from the previous quarter. This compares to a six
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