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Hastings Funds Management has appointed new members to its European infrastructure investment team.
Oliver Schubert joins the European infrastructure equity team as director infrastructure with more than 14 years’ experience as a senior infrastructure investment professional. He is fluent in German and French and is based in London.
Previously senior vice president at Macquarie Capital Europe, Schubert has significant experience in originating and executing M&A transactions, building teams and originating, structuring and syndicating debt financing packages, particularly in the electricity, gas and renewable energy industries.
Earlier in the year Hastings announced the expansion of its global infrastructure debt
Actis, the pan-emerging markets private equity firm, has invested USD40m in AGS Transact Technologies, an ATM outsourcing and payments company based in India.
Founded by entrepreneur Ravi Goyal in 1992, AGS manages a network of 10,000 ATM machines across India for banking clients, as well as supplying specialised equipment and automated solutions for major retailers, petroleum and paint companies.
AGS has installed in excess of 14,000 ATMs for over 70 banks in India.
The number of ATMs in India is forecast to increase from approximately 95,000 in 2012 to at least 200,000 in 2017.
Actis has experience in
Private equity firm TA Associates has added to its investment staff in its Boston and Menlo Park offices.
Ethan K Liebermann and Emily C McGinty have rejoined the firm as vice presidents in the healthcare and consumer group in Boston. Jason S. Mironov has joined the firm as a vice president in the services group in Menlo Park.
Liebermann focuses on investments in healthcare, consumer, retail and other services companies. Prior to attending graduate school, he served as an associate at TA Associates, responsible for investment origination, transaction execution and portfolio management in the firm’s healthcare and consumer group. Liebermann
F&C Private Equity’s (FPEO) net asset value as at 30 June 2012 was 253.77p per share, according to the company’s half-year results.
FPEO also announced an interim dividend of 4.96p per share, which is in line with the new dividend mechanism, under which FPEO will aim to pay semi-annual dividends with an annual yield equivalent to not less than four per cent of the average of the published NAVs per ordinary share as at the end of each of its last four financial quarters, or if higher, equal to the highest semi-annual dividend previously paid.
Distributions from underlying funds during
Morgan Joseph TriArtisan has appointed Stephen Robb, a 20-year Wall Street veteran in investment banking and M&A advisory, as a managing director in the firm’s consumer, retail and leisure investment banking practice.
“Steve’s broad background and experience will be a valuable addition to our firm’s mid-market practice in the key consumer, retail and restaurant sectors,” says Rohit Manocha, co-head of investment banking. “These are areas of mounting M&A and finance activity and, given his outstanding track record, having Steve on board will be highly beneficial to broadening our coverage, and serving our corporate constituents in these important sectors as well
JP Morgan Asset Management is to invest USD45m in Dafiti, Brazil’s largest fashion e-commerce retailer.
JP Morgan Asset Management will take a stake in Dafiti through a German holding company in an all cash-for-equity investment.
Launched in January 2011, Dafiti offers more than 60,000 products and 550 Brazilian and international brands. From an original staff of 10, the company today employs more than 1,000 people and has its distribution centre in Jundiai, Sao Paulo.
The company was launched with the support of Rocket Internet – the European incubator of internet start-ups – and is led by its four founders Malte
Bolder Capital has completed the acquisition of Monti Eligibility and Denial Solutions and the Monti Group, collectively called MEDS, an outsourced provider of patient eligibility, enrolment and revenue recovery services to hospitals and health systems.
MEDS, whose customers are located in Florida, Indiana and Ohio, is the first acquisition completed by Bolder Healthcare Solutions (BHS).
BHS is led by Michael Shea who has partnered with Bolder Capital to build a specialised provider of revenue cycle management services. Shea was previously the founder and chief executive of MedAssist, which specialises in patient eligibility and other revenue cycle services. Shea led
Rutland Partners, a turnaround and restructuring investor, has sold NoteMachine, an independent automated teller machine (ATM) business in Europe, to funds managed by private equity firm Corsair Capital and NoteMachine’s management, who are retaining a significant shareholding in the company.
Founded in 2006 by chief executive Peter McNamara, NoteMachine operates approximately 7,000 ATMs in the UK and more than 500 ATMs in Germany.
NoteMachine has a seven per cent share of cash withdrawals in the UK and its ATMs dispense GBP5bn of cash every year.
Paul Cartwright, managing partner of Rutland, says: "The NoteMachine business we have built with Peter
US and China-focused venture capital firm GGV Capital has raised USD625m for its fourth venture capital fund.
The fund is comprised of USD520m and RMB650m (the Chinese currency equivalent of approximately USD105m).
GGV’s Fund IV exceeds the size of the firm’s USD610m Fund III, which was raised in 2007. Total capital under management is now more than USD1.6bn.
Founded in 2000, GGV Capital is one of the only venture capital firms in the world with a single, global team investing across the US and China. The firm has backed several companies in these two markets including Alibaba Group, AthenaHealth, AAC
Axel Springer Digital Classifieds, a strategic partnership between Axel Springer and the global growth investor General Atlantic founded in the spring of 2012, has signed an agreement to acquire allesklar.com, which operates Germany’s local portal meinestadt.de.
The company is being sold by the founding Stegger family (56.1 per cent) and by Holtzbrinck Digital Strategy (43.9 per cent).
Founded in 1996, the Siegburg-based company currently employs a staff of about 300 people. Its most important asset is the local portal meinestadt.de, which attracts more than eight million unique monthly users (AGOF). Users turn to meinestadt.de for a variety of local
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