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Blum Capital Partners, an investment firm active in investing in both privately structured investments as well as blocks of publicly traded securities, has hired Peter Westley and Carol Fu in its investment team as partner and associate, respectively.
Westley was previously a managing director at Salomon Smith Barney and a partner at ThinkEquity Partners. Most recently, he was a partner at North Point Advisors, an investment banking firm specialising in mergers and acquisitions.
“It is a privilege to be joining the firm,” says Westley. “Richard Blum’s long-term track record as a strategic financial investor is outstanding. His work as a
Mashery, a provider of API management platforms and strategy, has raised USD10m in funding led by OpenView Venture Partners and other existing investors including Cisco, Formative Ventures, First Round Capital and .406 Ventures.
The company will use the financing to broaden its global operations, sales and marketing force.
Mashery will also further expand its business in API strategy, platform and distribution for the rapidly increasing mainstream adoption of APIs to scale business-critical functions.
"As API management emerges as a business-critical technology, we remain committed to the Mashery team’s unique strategy of partnering with brands to help them leverage APIs for
Rutland Partners, a turnaround and restructuring investor, has appointed Michael Reynolds as investment executive.
Reynolds is a business and legal studies graduate from University College Dublin and a postgraduate (accounting) of the Michael Smurfit Business School, Dublin.
Reynolds qualified as a chartered accountant with KPMG Corporate Finance in 2010 where he spent three and a half years. He then moved to Hawkpoint Partners later in 2010 to join its corporate advisory group where he worked on a number of debt restructuring deals as well as sell-side and buy-side transactions.
Reynolds has experience of a range of sectors including leisure, industrials,
More than half (51 per cent) of consumer goods and retail (CG&R) sector companies are focusing their M&A strategy on high-growth economies, rather than domestic (30 per cent) or global developed markets (19 per cent), according to a survey published by Clifford Chance.
The research, which was conducted by the Economist Intelligent Unit on behalf of Clifford Chance, surveyed nearly 400 companies with annual revenues in excess of USD1bn from across a range of regions and industry sectors, including the CG&R sector.
The survey revealed a positive outlook for the sector with 60 per cent of CG&R companies expecting
Sitoa Global, an e-commerce solutions and service provider, has secured an investment from Ingenium Capital, a European based private equity firm.
The funds will be used to continue the company’s expansion into the growing social e-commerce segment.
Ingenium Capital invested USD500,000 in a private placement at a price of USD0.15 per share and has an option to invest an additional USD300,000 at a price of USD0.30 per share.
"Given the recent public company offerings in social media and specialised Software as a Service, we believe that now is an appropriate time to raise expansion capital and we welcome this investment
Maveron, a consumer-only venture capital firm with offices in Seattle and San Francisco, has hired David Wu as a venture partner in its San Francisco office.
Wu will join Maveron’s San Francisco office to help identify emerging consumer internet companies with the potential to become global leaders.
“Maveron’s mission has always been to partner with world-class entrepreneurs to build extraordinary consumer companies, and David lives by the same ethos,” says Dan Levitan, co-founder and partner at Maveron. “He has walked in the entrepreneur’s shoes and brings extensive strategic and operating experience from his years of working with startups; we welcome
Waller Capital Partners, a New York-based investment bank and advisory firm focused on the telecommunications, media and technology sectors, has appointed William L. Bradley as a managing director.
Bradley will lead Waller’s efforts with data centre, managed hosting and cloud computing clients, and will also support the firm’s telecom infrastructure practice.
Bradley joins Waller Capital from Credit Suisse where, as head of telecommunications M&A in the US, he focused on data centre and hosting operators, fixed line companies for enterprises and consumers and wireless operators and was instrumental in building a telecommunications M&A business.
Bradley has 15 years of experience
Alternative asset manager The Carlyle Group has agreed to invest up to USD800m in Genesee & Wyoming Inc (GWI), which will enable GWI to acquire RailAmerica for an all cash purchase price of USD2bn (USD27.50 per share).
Equity for the investment will come from Carlyle Partners V, a USD13.7bn US buyout fund.
Financing will be provided by Bank of America Merrill Lynch. The transaction is subject to customary closing conditions and regulatory approval and is expected to close in the fourth quarter of 2012.
Greg Ledford, Carlyle managing director and head of the transportation and industrial team, says: "We believe
Sandoz has completed its USD1.525bn acquisition of specialty US dermatology company Fougera Pharmaceuticals on a cash and debt free basis.
Fougera had net sales of USD 429m in 2011 in the US alone and, combined with Sandoz’s existing generic dermatology franchise, this positions Sandoz as the number one in generic dermatology medicines both globally and in the US.
Fougera has strong dermatology development and manufacturing expertise, particularly in the area of semi-solid forms such as creams and ointments, as well as a well-known branded business, PharmaDerm.
"We are pleased to combine Fougera’s strong portfolio and pipeline of dermatology medicines with
PineBridge Investments, a multi-asset class investment manager, has selected Bahrain as the location for its Middle East and North Africa headquarters.
PineBridge is an independent asset manager with over USD67bn of assets under management for institutional and individual clients across a platform of listed equity, fixed income and private equity and hedge fund strategies.
PineBridge has hubs in New York City and Hong Kong, and offices in over 20 countries.
PineBridge has received a Category 1 license from the Central Bank of Bahrain and is currently in the process of establishing its regional headquarters in Manama.
The new firm, PineBridge
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