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Multifonds has launched Global Investor, which allows fund administrators to consolidate their investor servicing and transfer agency operations onto a single platform across all investment types.
Multifonds has developed its alternatives capability and extended the former Multifonds Transfer Agent platform to fully support alternatives, rebranding it Multifonds Global Investor in the process.
Five administrator clients are already committed to using Multifonds Global Investor, with three out of the five, including European Fund Administration (EFA), already using the platform to operate alternative and long-only funds together on the single investor servicing and transfer agency platform.
The platform already supports more
Law firm Baker & McKenzie has hired three private equity lawyers in Chicago: William S. Kirsch, Stacey T. Kern and Garry W. Jaunal.
Kirsch (pictured) will chair the private equity practice in North America and will serve as a member of the firm’s Global Private Equity Steering Committee.
“The combination of our global platform and capabilities built over the past 60 years and Bill Kirsch, one of the most talented, prominent and uniquely experienced corporate lawyers in private equity, mergers and acquisitions, reorganisations and boardroom representation, will enable Baker & McKenzie to move to the forefront in this
Arma Partners has acted as exclusive financial adviser to Spectrum Interactive on its recommended acquisition by Arqiva Broadcast Holdings.
Arqiva, the communications infrastructure and media services company, has agreed terms with the board of Spectrum Interactive, a UK based Wi-Fi operator, for an offer to acquire 100 per cent of its shares.
The transaction will enable Arqiva to accelerate its wholesale business by acquiring the largest remaining independent Wi-Fi provider in the UK.
Demand for mobile data services is forecast to continue to rise by approximately 65 per cent per annum between 2011 and 2016. Public Wi-Fi has become
Wheelock Street Capital has closed on USD525m in commitments for its first fund, Wheelock Street Real Estate Fund.
Wheelock will invest in a broad range of real estate assets throughout the US.
The fund may invest directly or with joint venture partners through a variety of capital structures and transaction types, including acquisitions, restructurings, and recapitalisations.
Wheelock received commitments from a broad spectrum of investors including endowments, alternative asset managers, pension plans, foundations, and family offices.
Wheelock initially targeted USD500m for the fund and subsequently increased the fund size to USD525m due to excess demand after the first closing in
UCG Investments, an investment management firm operating from London, Montevideo and Lima which manages over USD750m of real assets in Latin America, has held the first close of its latest private equity fund, Cypanga Latin American Opportunities.
UCGI raised USD25m over a six-week fund raising period from a number of European blue-chip institutions and family offices.
Cypanga Latin American Opportunities is an open-ended investment fund with a mandate to invest in greenfield projects and operating companies in the agricultural, energy, forestry, infrastructure and real estate sectors, primarily in Uruguay, Peru and Colombia. UCGI is the investment management arm of
Swiss investment company Capvis has acquired the Ondal Group in Hünfeld near Fulda.
With more than 500 employees, Ondal produces pendant systems for medical applications.
In 2011-2012, it had a turnover of approximately EUR73m. Ondal manufactures its medical systems primarily in Germany, with final assembly plants in the US and China as well.
Capvis currently has holdings in 12 companies with a total of 17,000 employees and a total annual turnover of more than EUR3bn. Its portfolio includes safety technology supplier BARTEC, machinery manufacturer Benninger, kitchen and household appliance manufacturer WMF and Kaffee Partner.
According to Capvis partner Eric
OMERS Private Equity and AXA Private Equity have signed a definitive agreement in connection with the sale by OMERS to AXA Private Equity of a portfolio of 11 private equity fund investments, and the related unfunded commitments.
The portfolio of entirely buyout funds, in aggregate, represents a total size of approximately USD850m in original commitments, in predominantly North American and global funds.
Paul Renaud (pictured), chief executive officer, OMERS Private Equity, says: “This transaction is consistent with OMERS strategic shift towards direct investing.”
Following on from AXA Private Equity’s USD1.7bn acquisition of private equity assets from Citigroup in June 2011,
ECM Equity Capital Management, an independent German private equity firm, has held a final closing of its new fund German Equity Partners IV.
GEP IV reached its hard cap of EUR230m, exceeding the EUR200m target.
The fund, which will be managed by ECM, has a typical limited partnership structure with a ten year lifespan plus the option for two successive one-year extensions.
GEP IV has significantly broadened its investor base through commitments from more than 20 investors which include fund of funds, insurance companies, family offices and pension funds. More than half of GEP III investors re-committed to the
Investec Growth & Acquisition Finance has provided a blended GBP27.5m asset-based and cashflow debt structure as part of the recent MBO of Integrated Engineering Stores Associates.
The MBO was backed by Gresham LLP.
IESA specialises in the management of maintenance, repair and operating (MRO) goods expenditure, through integrated supply solutions.
The business was established in 2001 and has developed an IT platform that manages clients’ supply chains to reduce inventory costs, streamline procurement and order processes, introduce advanced stock control and invoice management techniques and establish online solutions. IESA’s client list includes multinational organisations such as 2 Sisters
The tepid global economy has greatly slowed the pace of US M&A activity, as deal flow dropped by 15 per cent to 3,159 deals in the first half of 2012 from 3,729 in 2011.
Deal value also tumbled by 43 per cent from the prior year.
While the US economy has exhibited signs of improvement, supplemented by an increase in consumer confidence, M&A continues to be affected by volatility in the credit and stock markets and uncertainty in the global economy, particularly in the Eurozone, exacerbated by slowing GDP growth in the emerging markets and minimal to nonexistent growth in
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