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Proskauer has expanded its mergers and acquisitions capabilities with the addition of Lorenzo Borgogni as a partner in the firm’s Mergers & Acquisitions Group. Borgogni, who joins from Dewey & LeBoeuf, will be based in Proskauer’s New York office.
"Lorenzo has developed an extremely successful and diverse practice and will bring a wealth of legal and business experience to the firm," said Ronald R. Papa, co-Chair of Proskauer’s Corporate Department and co-head of its Mergers & Acquisitions Group. "He is a talented M&A lawyer and has been involved in a variety of complex, high-profile domestic and international transactions."
Borgogni represents
Pierfrancesco Carbone has joined the Duane Morris’s growing Corporate Practice Group as a partner. He will be based in London.
Carbone’s appointment marks the expansion of the firm’s Private Equity Group, already active in the US and in Asia, into Europe. Duane Morris is the first law firm to become Global Growth Partner of the Association for Corporate Growth (ACG) and is a founding champion of the Middle Market Private Capital Leadership Forum. Carbone joins Duane Morris from Kirkland & Ellis International LLP.
Carbone focuses his practice on cross-border corporate transactions, particularly in the area of private equity. He mainly
Platte River Ventures, a Denver-based private equity firm, has sold its portfolio company, PRV Aerospace, LLC (PRV Aerospace), to an affiliate of Court Square Capital Partners (Court Square), a private equity firm headquartered in New York, NY.
Headquartered in Everett, WA, PRV Aerospace is an aerospace and defence group that supplies components, subassemblies and assemblies to the world’s leading manufacturers of aircraft, aero-equipment and other defense platforms. Comprised of six operating facilities, PRV Aerospace performs complex machining of hard metals and aluminum, sheet metal fabrication, assembly and test, repair and overhaul, and lower tier supply chain management. Platte River
K+S Aktiengesellschaft has signed an agreement with EuroChem to sell K+S Nitrogen a supplier of nitrogenous fertilisers.
A team led by lead partners Dr Thomas Meyding and Dr Barbara Wössner advised K+S AG on all aspects of the transaction.
The EUR140 million euro transaction is currently awaiting approval from the EU competition authorities and is expected to be completed by the end of the second quarter of 2012.
Private equity found Triton Fund II has agreed to sell the technical installation and service solutions company Bravida AB (Bravida) to Bain Capital. The transaction value has not been disclosed.
Triton acquired Bravida in 2006. During its ownership and in partnership with management, Triton implemented a comprehensive program to turn around the company. This included improved project selection, increased focus on higher margin service and maintenance revenues, reorganisation of the branch network and restructuring the Norwegian business. As a result Bravida has successfully positioned itself as the market leader in Scandinavia.
Mats O Paulsson, president and CEO of Bravida,
Tom Donovan is joining private equity fundraising advisory specialist Rede Partners from Credit Suisse as a Partner to lead the company’s North American business.
The news builds on Rede’s recent success as global fundraising advisor to AnaCap Financial Partners LLP, which closed the Credit Opportunities Fund II at its hard cap of GBP350m after only a six month active fundraising campaign.
Donovan, says: “It has been clear to me for some time that the fundraising market has changed and that fundraising advisors need to change with it. Rede has a creative, bespoke, partnership approach, providing comprehensive advisory services touching
KPS Capital Partners’ portfolio company American & Efird Global (A&E) has acquired the outstanding two-thirds share ownership of A&E Sri Lanka and A&E Bangladesh from its two joint-venture partners, Brandix Lanka Limited and Brandot International Ltd. A&E now owns 100% of both businesses. Financial terms of the transactions have not been disclosed.
A&E is the largest US manufacturer and the world’s second-largest manufacturer and distributor of premium quality industrial sewing thread, embroidery thread and technical textiles. A&E thread is used by producers of apparel, automotive components, home furnishings, medical supplies, footwear and certain industrial products. A&E owns or operates 23
Property portal Zoopla.co.uk has acquired UpMyStreet.com, one of the UK’s leading and longest standing property information websites, for an undisclosed sum.
Launched in 1998, UpMyStreet.com was one of the first property websites in the UK and has been helping consumers find places to live and discover local information and services since. Recent figures from independent website monitoring firm, Nielsen, show that in March UpMyStreet.com attracted over 600,000 unique users.
With immediate effect, users of UpMyStreet.com will be re-directed to Zoopla.co.uk, the UK’s most comprehensive property website that focuses on property search, helping consumers find their next home and property research, helping them
The Riverside Company has appointed Jamie Kiggen as President of the global private equity firm. Riverside Co-CEOs Béla Szigethy and Stewart Kohl say Kiggen will play a key role on the management team and work with Riverside’s teams around the world to drive efficiency, enhance the portfolio, provide investment advice and support fundraising efforts.
A proven executive, Kiggen brings more than 25 years of experience, most recently as Senior Managing Director at Blackstone, where he headed up their cleantech venture capital effort while also playing a senior technology investment role in their private equity group. Prior to that, he was at AllianceBernstein, where
In his latest Market Update, Russ Koesterich, iShares Global Chief Investment Strategist, argues that current market expectations for volatility appear too low and investors should consider adopting a modestly more defensive stance…
Equity market volatility has been relatively low in the past six months. Since early 2008, the annualized volatility on the S&P 500 has been close to 30%, but in the last six months, it’s been a pleasantly dull 17% and stocks have benefited from another torrent of central bank liquidity. Whilst the VIX has risen in recent days, it has still tended to trade below its long term
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