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Business Growth Fund (BGF), which was established to help the UK’s fast growing smaller and medium sized businesses, today announced two investments totalling GBP4.4m into Springfield Healthcare Group, the largest independent provider of domiciliary care in Yorkshire and Humberside.
The investments of GBP2.5m and GBP1.9m respectively were made into Springfield Homecare and Seacroft Care Village.
This follows BGF’s investments of GBP4 million into Primrose, a rapidly growing online retailer of garden products; and GBP3 million into the Cennox Plc group of companies (including ATM Parts and Mainet), which provides services to the ATM (cash machines) sector. These four investments
Sterling Partners, a middle market private equity firm with approximately USD5 billion in assets under management, is relocating its suburban Northbrook offices to downtown Chicago’s 401 North Michigan Avenue, which is located adjacent to the Chicago River at the gateway to the Magnificent Mile.
"The decision by Sterling Partners to relocate its largest office to downtown Chicago affirms the city’s position as a leading financial center and further enhances confidence in Chicago as a city on the move, a place where jobs are created and centre economic opportunity grows," says Rahm Emanuel, Mayor of Chicago. "Sterling Partners has been an
Law firm August & Debouzy has advised Air France in connection with the creation of the new airline Air Côte d’Ivoire, dedicated to the transportation of passengers and merchandise in Western and Central Africa, but also in Côte d’Ivoire.
The launch of this company will expand cooperation with airlines Air Burkina and Air Mali, the main shareholder of which is the Aga Khan fund for Economic Development. The purpose of the new company Air Côte d’Ivoire is to develop a platform in the Abidjan airport serving domestic and regional flights in Western and Central Africa.
The creation of Air
A well-planned and targeted road privatisation programme in the UK is set to benefit road-users, the taxpayer and investors, according to Niall Millspictured), head of infrastructure asset management Europe at First State Investments. He says that the key is to strike the right balance between risk, reward and investors’ appetite for such assets…
We are still awaiting the details of government proposals but clearly a great deal of effort will be spent in balancing the needs of the public, sponsors, contractors, operators, as well as the financial community, who would be encouraged to provide debt and invest equity. In one
KKR & Co is to acquire Prisma Capital Partners, a provider of customised hedge fund solutions. Financial terms for the transaction, which is expected to close in the fourth quarter 2012, have not been disclosed.
Prisma was founded in 2004 by former Goldman Sachs partners Girish Reddy, Thomas Healey and Gavyn Davies, and is focused on maximising returns by investing in the industry’s most talented professionals. Prisma is known for identifying specialist hedge fund managers with exceptional track records and creating custom portfolios for clients. As of 1 April, 2012 Prisma had USD7.8 billion in assets under management, with more
Apax Funds invested EUR2.7 billion during the course of the year and realised EUR2.0 billion, according to the company’s annual report for the year ended 31 December 2011.
Over the past five years the firm’s funds have invested a total of EUR10.3 billion and realised EUR9.8 billion for their investors. Since 1993, the firm has achieved an average return of 2.8x for investors from its buyout investments.
Geographically, in the last couple of years Apax has moved from being a firm that is largely focused on investments in Europe and the US to the one that analyses opportunities on a
Frontier Capital has held the final closing of its third private equity fund, Frontier Fund III, with USD250 million in capital commitments.
The fund exceeded its initial target of USD200 million thanks to strong support from existing investors along with new commitments from other leading institutional investors including public and private pensions, fund of funds and family offices.
“We are thrilled by the continued support we’ve received from our existing partners and very pleased to welcome several strong additions to our investor base,” says Richard Maclean, Managing Partner. “Our success in raising Fund III is a testament to our focused
Private markets are a key part of the global financial investment universe. In terms of the economy as a whole, they are important for ensuring growth, and they offer professional investors a wealth of investment opportunities, according to the Swiss Funds Association (SFA).
These days, the largest investment portfolios are privately placed and held. The redirection of international and asset-class-specific capital flows since the outbreak of the financial crisis has opened up attractive investment opportunities for professional investors in the private markets segment. Supposedly risk-free government bonds or investments in financial institutions increasingly entail higher risks. When it comes to
Evergreen Pacific Partners (Evergreen) has acquired Thermal Dynamics, an Ontario, California-based supplier of advanced technology heat exchangers for the automotive, truck, motorcycles, and military equipment industries.
Evergreen’s acquisition will provide Thermal Dynamics access to significant capital and strategic resources positioning the company for further growth. The Thermal Dynamics’ senior management team will remain in place and work with Evergreen to expand market share and continue the development of new products.
“Through the support of Evergreen’s financial resources and operating backgrounds, as well as their impressive track record of success, we are laying the foundation for our continued success and
Miles Geldard, co-manager of the Jupiter Strategic Reserve Fund comments on the institutional fund’s outlook…
The strong rally in risk assets triggered by the ECB’s massive action to avert a liquidity (and solvency) crisis has run its course. However, when it comes to making progress towards a unified politico-economic solution to the eurozone’s fiscal fracture, Germany’s behaviour is instructive. Rather than throw a lifebelt to a drowning man it insists he takes swimming lessons. In contrast, the IMF, that arch advocate of austerity, has warned Europe that excessively punitive measures are counterproductive to economic growth.
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