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SynGen Inc, a Regenerative Medicine device company focused on the development of next generation stem cell harvesting systems, has completed a USD5 million Series A preferred stock financing with Bay City Capital.
Under the terms of the transaction, BCC will appoint two representatives to SynGen’s board of directors.
"We are delighted to have the opportunity to work with Bay City Capital to maximise SynGen’s potential. Their expansive knowledge of the global life science field and vast networking capability combined with a strong reputation as a top tier venture capital firm made our decision easy," says Phil Coelho, SynGen’s president and
Sterling Infosystems, Inc, a company owned by management and private equity firm Calera Capital, has acquired BackCheck.
BackCheck, a provider of background checking products and services, is the market leader in Canada and one of the largest providers in the United Kingdom. Sterling, already one of the largest background checking companies in the world, is now the largest within North America and is well positioned for future growth.
William Greenblatt, Founder and CEO of New York City-headquartered Sterling, says: "BackCheck and Sterling will bring together the strengths of two organisations that are leaders in their respective markets. Both organisations have a
The Federal Reserve Board has announced its approval of a statement clarifying that an entity covered by section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the so-called Volcker Rule, has the full two-year period provided by the statute to fully conform its activities and investments, unless the Board extends the conformance period.
Section 619 generally requires banking entities to conform their activities and investments to the prohibitions and restrictions included in the statute on proprietary trading activities and on hedge fund and private equity fund activities and investments.
Section 619 required the Board to adopt
Aquila Capital, the Hamburg-based alternative investment company, is expanding its position in the agricultural investment space with the appointment of seven highly-experienced ‘farmers who speak finance’.
The expanded team enables Aquila Capital to meet a growing demand for a globally diversified portfolio of agricultural investment solutions.
Aquila Capital has an advisory team whose background lies in farming rather than in the financial industry. The team is therefore strongly placed to provide high-level advice and insight into the fast developing trends in the global agricultural arena.
The expansion of its agricultural team is designed to widen Aquila Capital’s reach
Hogan Lovells has expanded its private equity practice with the hire of Lars Benger in Dusseldorf. He will join the firm in May 2012.
Benger was previously Counsel in the private equity team of Clifford Chance in Frankfurt. He has experience in working on M&A transactions for large and mid-cap private equity houses, in particular on complex cross-border leveraged buy-outs and advising strategic investors.
Recent high profile private equity transactions on which Hogan Lovells’ has advised include advising Gores on its USD85 million acquisition of Mexx from Liz Claiborne; Kelso Place Asset Management LLP on its acquisition of the
AllianceBernstein has closed its first private equity real estate fund, AllianceBernstein US Real Estate Partners, LP, with capital commitments of USD680 million.
Commitments to the Fund were received from several large, global institutional investors, including Temasek, the Singapore-based investment company, Alberta Teachers Retirement Fund, as well as institutions from the US, Hong Kong and Japan. In addition, numerous AllianceBernstein private clients and employees made commitments to the Fund. With additional co-investment capital from key strategic investors, the Fund could have approximately USD900 million of available equity.
The Fund represents an important milestone for AllianceBernstein, which formed the Real Estate Group in September
Private equity firm North Castle Partners has completed an investment in Palladio Beauty Group, in partnership with CEO and owner Philip Solomon, further extending North Castle’s presence in the personal care sector. The terms of the investment have not been disclosed.
Based in Hollywood, Florida, Palladio Beauty Group is a leading marketer of premium colour cosmetics and skincare products sold primarily through the beauty supply and professional beauty channels. Palladio’s unique ability to deliver high-quality products, rapid innovation, and exceptional customer service, all at a value price point, is the foundation of the company’s success. Palladio enjoys strong brand loyalty among
Figures published today by the Association of Investment Companies (AIC) show that GBP330 million (value of new shares issued), was raised by the VCT sector during the 2011/2012 tax year compared to GBP365 million in the 2010/11 tax year and the sixth highest amount since VCTs were first launched in 1995.
Ian Sayers (pictured), Director General, Association of Investment Companies says: “This is the third year in a row that the VCT sector has surpassed the GBP300 million mark, and the sixth highest amount raised since VCTs were first formed in 1995, reflecting strong demand from investors.
“Capital
Opera Finance BV Class A noteholders have voted to accept a credit bid from Utrecht Holdings Sarl, an entity established by private equity funds separately managed by TPG Capital LP and Patron Capital GP LP IV.
The decision ends a 10-month Special Servicer led process which sought to protect the value of noteholders’ investments, after the company’s efforts to find additional equity were discontinued in June 2011. Throughout the process Cairn and Special Servicer, Eurohypo AG, have worked to provide noteholders with the flexibility and opportunity to choose a preferred option.
The acceptance of the credit-led option will allow
Queensgate Investments LLP, a new private equity real estate fund manager, set up by Jason Kow, and LJ Investment Group, has launched a new fund, the Queensgate Investments Fund I, a Luxembourg CSSF regulated Fund.
The Fund has closed with around GBP100 million (USD158 million) of direct, discretionary investment equity and advises approximately GBP400 million (USD632 million) of co-investment equity. The investors are mainly ultra high net worth families.
Queensgate Investments LLP is a joint venture between Jason Kow, former Head of Special Situation for London & Regional Properties, one of the largest privately owned European property companies, and
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