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Fleming Family & Partners Private Equity, the private equity business of Fleming Family & Partners, has appointed two new Investment Directors.
Llewellyn John joins FF&P Private Equity from Nova Capital Management where he was Associate Partner having joined the firm in 2006. John was part of the Nova Capital team which worked with FF&P Private Equity on the very successful joint investment into EIS Optics, which the firm exited in October 2011 returning 3.5x investment to shareholders.
Whilst at Nova Capital he worked on a number of transactions including the GBP75m acquisition of Scientific Equipment from Barloworld, the
Friendgiftr, an e-commerce firm providing virtual pre-paid cards through the social web, has agreed to be acquired by private equity firm Aurora Borealis Investments. The terms of the deal have not been disclosed.
"This is huge," says Rob Carpenter, Founder and CEO of Friendgiftr. "Since our launch, we have been working to create innovative virtual solutions for the pre-paid economy, and this acquisition is validation of that. It’s definitely exciting."
Friendgiftr is the first company to have commercialised social media with multiple major merchant brands by providing e-commerce storefronts, mobile storefronts and unique partnerships with digital content providers, among others.
The Government of Gibraltar has published the Financial Services (Experienced Investor Fund) Regulations, 2012, which various improvements to the original 2005 Regulations, including the opportunity for large funds to use reputable and substantial administrators based in jurisdictions of equivalent standing to Gibraltar.
The new Regulations will also allow funds to redomicile to Gibraltar yet continue to use their existing reputable administrator, representing a significant advantage for funds moving to the EU with, inter alia, the advent of the Alternative Investment Funds Managers Directive, due to be implemented by July 2013.
The new Regulations enable Experienced Investor Funds to
Alarm Capital Alliance (ACA) has partnered with Norwest Venture Partners (NVP), a global investment firm with USD3.7 billion in capital under management.
ACA provides capital return and valuable operational resources to alarm companies via its dealer and portfolio acquisition programs as well as residential security services and home automation technologies to households across the United States.
The security alarm industry is expected to grow into a USD43 billion dollar market by 2015. NVP was drawn to ACA because of this significant market opportunity, an exceptionally strong leadership team and the company’s unique, multi-channel approach, including offerings to a traditionally underserved
In Q1 2012, UK M&A activity saw 229 deals totalling GBP16bn, a 33% decrease compared to Q1 2011 (GBP23.9bn) but up 9.6% compared to Q4 2011 (GBP14.6bn), according to MergerMarket. The UK made up 9.6% of all European M&A by value this quarter, the lowest Q1 since Q1 2004 (8.4%).
Only six large-cap deals (GBP500m+) were announced this quarter. The largest transaction of the quarter was the GBP3.2bn acquisition of the UK based broadcast software provider NDS Group by Cisco Systems, from News Corp and Permira.
With GBP4.8bn-worth of deals totalling 22 transactions, Technology was the most active sector in
Global limited partners (LPs) continue to expect their commitments to emerging markets private equity (EM PE) to increase, reflecting investor optimism about these markets’ ability to outperform developed markets, according to the latest EMPEA Global Limited Partners Survey.
Three-quarters (75%) of LPs expect their commitments to emerging markets to increase over the next two years. By contrast, only 26% of LPs anticipate they will expand their investments in developed markets over the same time period.
72% of LPs expect 2011-vintage EM PE funds to deliver net returns of at least 16%, compared with only 26% of LPs believing the same
John Redwood, chairman of Evercore Pan-Asset’s Investment Committee on efforts by the UK and Spanish governments to rebalance their respective economies…
This week saw the Spanish authorities seek to cut a further EUR10 billion from their public sector budgets, in an attempt to stave off further rises in their 10 year and other borrowing rates. The ECB rode to their rescue by saying it would consider buying more Spanish government debt, once the government had pledged more austerity. The problem remains intense in Spain, with 23% unemployment, no ability to devalue its own currency to try to price itself back
Private equity firm Stirling Square Capital Partners has acquired SAR AS, a leading provider of total waste management solutions for the Norwegian offshore oil & gas industry, from AR Incoronato AS and Westco AS.
The acquisition, for an undisclosed sum, is the sixth from Stirling Square’s second fund, its second in the oil & gas sector and its first in Norway.
SAR services the oil & gas industry through the handling and treatment of oil contaminated drill waste, hazardous and industrial waste from offshore oil installations and tank cleaning through its nine bases strategically located along the Norwegian coastline.
At the end of March, HarbourVest Private Equity’s (HVPE) estimated Net Asset Value per share is USD11.45, a USD0.02 per share increase from 29 February 2012 (USD11.43), its fourth consecutive monthly increase.
This modest adjustment reflects positive public markets and foreign currency movement during March, as well as adjustments to the estimated valuations as 31 December 2011 valuations are received from the underlying investments.
At 31 March 2012, HVPE is valuing the Absolute portfolio at USD25.19 per share (including dividends received since closing), which is unchanged from 29 February and a 36% increase over the purchase price of
With the economy and the market showing ongoing signs of improvement, business optimism among investment managers is extremely high according to a poll by SEI (NASDAQ: SEIC).
The poll, conducted at a recent event for the company’s investment manager clients, shows that a majority of participants (78 per cent) are optimistic about their firms’ business prospects over the next three years, while nearly all of those polled (86 per cent) believe investor confidence levels are higher today than in the aftermath of the financial crisis. There are a number of reasons behind the optimism, but brand strength (32 per cent,
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