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The Silicon Valley Venture Capitalist Confidence Index for the first quarter of 2012, based on a March 2012 survey of 34 San Francisco Bay Area venture capitalists, registered 3.79 on a 5 point scale (with 5 indicating high confidence and 1 indicating low confidence.)
This quarter’s index rose significantly from the previous quarter’s reading of 3.27 and marks a major inflection point upward in sentiment from the previous three quarters.
This is the 33rd consecutive quarterly survey and report providing unique quantitative and qualitative trend data and analysis on the confidence of Silicon Valley VCs in the future high-growth entrepreneurial
VTB Capital Venture Business and Fast Lane Ventures have former a joint-venture partnership to tap into opportunities in the Russian market.
In accordance with the terms of the transaction, VTB Capital Venture Business led series C investment into Fast Lane Ventures with a total value of USD18 million. The funds will be used to develop the current portfolio of companies Fast Lane Ventures has, as well as provide finance for new investments. It will also be used to further strengthen Fast Lane Venture’s team and expertise.
Aidar Kaliev (pictured), Global Head of Venture Business at VTB Capital, says: "The Russian
International law firm Akin Gump has advised AF Telecom in relation to a shareholder restructuring of Russian mobile phone operator OJSC Megafon with an aggregate deal value of approximately USD8.5 billion. The transaction closed on 24 April, 2012.
The transaction involves AF Telecom increasing its interest in Megafon, Russia’s second largest mobile-phone operator, Altimo selling its 25.1 per cent interest in the company, and TeliaSonera reducing its 43.8 per cent interest to 35.6 per cent.
As part of the transaction, MegaFon is also paying TeliaSonera, AF Telecom and Altimo USE5.15 billion in dividends.
Artem Faekov, corporate partner leading
Atlas Holdings has acquired New Jersey-based Marcal Paper Mills, LLC, a tissue and paper products manufacturer and distributor. The company, now under the guidance of new CEO George Wurtz (pictured), has been renamed Soundview Paper Company.
“We plan to focus on superior customer service and product excellence by building on the quality of our people, our equipment, our papermaking skills and our core brand, Marcal,” says Wurtz. “Soundview’s leadership team is comprised of industry veterans with unparalleled experience in the tissue business. With the strong focus and high standards of this team, Soundview is well-positioned to transform this business, better
Arma Partners has expanded its Technology, Media and Telecoms (TMT) practice, with Buddy Blaha and Kevin Moore joining the firm’s US team, and Jan Helle, Richard Hooke and David Smith joining the firm’s European office
Blaha has over 25 years of transaction experience, both as advisor and principal. Buddy was previously a Managing Director in the Technology M&A Group at Lehman Brothers, where he spent 16 years, was a founding member of the Software investment banking group and led over 200 transactions for companies such as Alcatel, The Carlyle Group, US Interactive, Galileo International, IBM and LG Group. He joins
Corporate specialists at Shoosmiths have advised Patriot Aerospace on its acquisition of commercial helicopter charter specialist Veritair Aviation.
Shoosmiths’ team was led by corporate associate Emma Dolphin (pictured), with support from solicitor Alistair Hammerton.
Patriot Aerospace Group is a leading General Aviation specialist in the United Kingdom and Northern Ireland. With operations spanning a full range of national flight training, charter, sales and engineering operations, the group combines three distinct brands, each recognised as experts in their field.
The deal, which underlines Patriot’s determination to form a credible UK alternative to the foreign owned companies currently dominating the commercial helicopter
Gresham Private Equity has successfully signed a deal to sell its investment in Olaer to Parker Hannifin, a manufacturer of motion and control technologies and systems.
The deal is subject to regulatory approval. The performance of the Olaer Group since acquisition in 2005 will result in an exceptional return on investment for Gresham.
With origins as an 18th century UK engineering business, Olaer is one of the world’s leaders in the provision of fluid management solutions. Olaer manufactures, markets and distributes a range of accumulators, oil coolers and filters that represent high quality and superior technology. Present on 5 continents,
Orthofix International is selling its Sports Medicine Business Unit, which operates as Breg, Inc, to Water Street Healthcare Partners for USD157.5 million.
The deal is expected to close during Q2 2012.
Net proceeds to Orthofix from the sale are anticipated to be approximately USD140 million, which will be used for the prepayment of debt as required by Orthofix’s existing credit agreement.
The Company acquired its Sports Medicine business in 2003 with the purchase of Breg, which is headquartered in Carlsbad, CA. The Sports Medicine business provides a portfolio of bracing and cold therapy products to treat a variety of sports
DC Advisory Partners has appointed Terry Huffine as an Executive Director in its European Consumer, Leisure & Retail team.
Huffine will focus specifically on the Food & Beverage subsector, an area in which he has specialised for the last seven years.
Huffine joins DC after eight years with ABN AMRO, latterly acquired by the Royal Bank of Scotland, where he was a Director on the Consumer team. During that time he worked on numerous high profile transactions, including the USD980m sale of circa 50% of Aujan to The Coca-Cola Company and SABMilller’s GBP732m acquisition of minorities in Poland’s leading
MaplesFS, an independent global fund services and fiduciary services provider, has expanded its presence and regional commitment in the Middle East with three senior hires in its Dubai office.
Fred Tabbal joins as Regional Head of Fund Services, Andrew Millar joins as Senior Vice President of Fiduciary Services, and Charlotte Windsor as Vice President of Fund Services.
In their new roles, Tabbal and Millar oversee strategic direction for their respective line of business in the region, business development, and will be responsible for managing the entire Middle East team and operations. Windsor has operational responsibility for the fund accounting and
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