Latest News
HarbourVest Global Private Equity’s (HVPE) estimated net asset value (NAV) at the end of February is USD11.43, a USD0.01 per share increase from 31 January 2012 (USD11.42), its third consecutive monthly increase.
This modest adjustment reflects positive public markets and foreign currency movement during February, as well as adjustments to the estimated valuations as 31 December 2011 valuations are received from the underlying investments.
At 29 February 2012, HVPE is valuing the Absolute portfolio at USD25.19 per share (including dividends received since closing), which is unchanged from 31 January and a 36% increase over the purchase price of USD18.50
Private equity funds-of-funds sponsor RCP Advisors has appointed Michael Rice as an Investor Relations Associate.
Rice is responsible for investor relations and works closely with the senior team members to develop marketing strategies and cultivate relationships with prospective investors.
"We are very excited about Mike joining our investor relations team. His experience in the capital markets while at Barclays Capital combined with an intellectual passion for the private markets in particular will allow him to serve our clients with a value added perspective,” says Tom Danis, Jr, Managing Principal and co-founder of RCP.
Prior to RCP, Michael
By Olivier Sciales – Luxembourg’s Parliament has adopted on 6 March legislation amending the February 2007 law on Specialised Investment Funds, adapting the highly successful SIF regime to European and international developments regarding regulation and transparency of alternative investments.
The revised legislation reflects in particular the requirements of the European Union’s Directive on Alternative Investment Fund Managers, which will take effect on July 22, 2013. It also follows some aspects of Luxembourg’s funds legislation of December 17, 2010, which transposed into national law the Ucits IV Directive governing cross-border distribution of retail funds within the EU and introduced other changes
Appirio, a technology-enabled services provider that helps enterprises power their business with the cloud, has closed USD60 million in Series D funding led by global growth investor General Atlantic, with participation from existing investors Sequoia Capital and GGV Capital.
Appirio plans to use the funds for investment and M&A to support global expansion of its consulting practice areas, as well as to build out the company’s enabling cloud technology and acceleration of its successful crowdsourcing development platform – CloudSpokes.
The financing follows a banner year of growth for Appirio. In 2011 alone, Appirio increased year-over-year revenue by over 80 percent,
DX Group Limited, the UK and Ireland independent mail, courier and logistics network operator, has today completed the acquisition of Nightfreight. The acquisition has been funded from DX cash resources and terms have not been disclosed.
Nightfreight is a leading logistics business, with a particular niche in the irregular dimension and weight sector (IDW) for both the business-to-business and business-to-consumer markets. Its services are complementary to those of DX. The acquisition will create the UK and Ireland’s largest independent mail, courier and network distribution service, providing the broadest range of capabilities to business Customers.
Customers will have access to a full
Beanstalk Management, the boutique corporate finance advisor, has helped secured a follow-on funding round and sourced new investors for nanoelectronics company Surrey Nanosystems, which will allow it to continue to develop its innovative technology.
The funding round of GBP4.5 million is one of the largest amounts for any UK semiconductor-focused company in the last year.
A spinout from the University of Surrey’s Advanced Technology Institute, Surrey Nanosystems has developed a platform and technology portfolio for partners to deliver nano-materials and technologies to the global semiconductor, renewable energy and clean technology industries. The funding will help the company to continue to
The Italian company Marposs SpA., registered in Bentivoglio, Bologna, has acquired Dr-Ing. K. Brankamp System Prozeßautomation GmbH and its subsidiaries in Italy and the USA.
A team from CMS Hasche Sigle led by lead partner and M&A expert Dr Peter Baisch advised Marposs on the transaction.
Marposs is a global company operating in the field of precision metrology equipment for machining operations. Dr-Ing. K. Brankamp System Prozeßautomation GmbH has its registered office in Erkrath and is a highly specialised company which manufactures process monitoring and process automation systems.
Capital Dynamics, a global private asset manager, has acquired three portfolios of solar energy projects in California and New Jersey, representing investment projects in various stages of development of over USD300 million.
The first portfolio features approximately 80 megawatts (MW) of utility-scale solar power generation projects. The portfolio was developed by one of North America’s leading solar energy developers and is comprised exclusively of California-sited solar photovoltaic (PV) installations. The projects are all under long-term Power Purchase Agreements (PPA) with California utilities. Construction work is to begin immediately, with as much as 30MW on schedule to be operational by year-end.
Dunedin, the UK mid-market private equity house, has made five promotions: Nicholas Hoare has been promoted to COO; Jon Ma, Oliver Bevan and Simon Rowan have been made investment directors; and Jamie Moodie has taken on the role of senior associate.
The promotions recognise the contribution these five team members have made in helping to create value in the Dunedin portfolio.
The five have been extremely active in identifying opportunities and driving growth in the portfolio through bolt-on acquisitions (eleven in the past year), roll-outs and international growth.
Shaun Middleton (pictured), managing partner of Dunedin, says: “These promotions
Despite the turbulence in the wider economy, the UK’s growth SMEs are highly confident about their prospects over the next 12 months, with the vast majority of CEOs forecasting strong growth. According to the ECI Interim Growth Survey, 80% of the SME CEOs surveyed expect to see turnover growth of more than 6% over the next year, while 55% forecast double-digit turnover growth.
It is good news for the job market too as 77% of CEOs expect to add to their firm’s head count, and more than 42% forecast growth in employee numbers of more than 6%. Financing remains a
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
