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AUA Private Equity Partners, an operationally-focused, lower middle-market private equity firm, has set up shop in New York.
The firm aims to make equity investments in companies in the consumer, media and business services sectors with a particular focus on Hispanic-oriented companies and family-owned businesses located in the United States. AUA Equity will leverage its experience investing in Hispanic-oriented companies and its proven successes in developing and penetrating the US Hispanic market.
The firm is led by Andy Unanue, former COO and current shareholder of Goya Foods, Inc, the largest and most successful Hispanic-owned food company in the United States.
Private Equity firms invested about USD1,886 million across 90 deals during the quarter ended March 2012, according to a study by Venture Intelligence.
The investment amount was almost half that was invested in the same period last year (USD3,614 million across 107 transactions) and represents the third consecutive quarter of deceleration in PE investments in the country. The immediate previous quarter had witnessed USD1,470 million being invested across 120 transactions. There were six reported PE investments worth over USD100 million (and none above USD200 million) during Q1 2012 compared to nine such transactions in the same period last year (which
New York Life Capital Partners, a private equity affiliate of New York Life Investments, has successfully closed of its third mezzanine fund. NYLCAP Mezzanine Partners III, LP held its final close on 30 March, 2012, with total commitments of USD980 million, more than a 20 per cent above its predecessor fund.
"We are very grateful for the show of support we received from investors and are confident that our strategy of investing in the middle market, with longstanding sponsor relationships, will continue to deliver strong results" says Thomas Haubenstricker, CEO of New York Life Capital Partners.
The Fund will maintain
Private equity fundraising has remained relatively steady in the first quarter of the year, Preqin data shows. with current figures expected to increase by around 10-20% as further information becomes available, fundraising levels could come close to matching those seen in the last quarter of 2011.
In addition to the 116 funds that held a final close in the quarter, a further 123 funds held interim closes, securing a combined USD33.7bn towards their fundraising targets.
Funds primarily focusing on North America raised the most capital of those closed during Q1 2012, with 67 funds closing having raised a total of
Royal Bank of Canada is to acquire the 50 per cent stake that it does not already own of the joint venture RBC Dexia Investor Services Limited (RBC Dexia) from Banque Internationale à Luxembourg SA (BIL) (formerly Dexia Banque Internationale à Luxembourg SA) for a total consideration of EUR837.5 million (CAD1.1 billion) in cash. Following the closing of the transaction RBC will own 100 per cent of RBC Dexia.
RBC Dexia is a top 10 global custodian that serves a diverse base of institutional investors through a wide range of advice and services including global custody, fund and pension administration,
Tim Joeng has joined independent wealth management firm Gresham Partners adding deep experience in the area of alternative and private equity investments.
As a Principal and senior member of the investment team, Joeng is responsible for sourcing investment opportunities, performing manager due diligence and building portfolios for Gresham’s clients. Joeng reports directly to President and Chief Investment Officer Ted Neild (pictured) and is a key member of Gresham’s investment committee.
“Very few wealth advisory firms have a real, deep commitment to investing in non-marketable strategies,” says Neild. “It’s complicated, and many of their clients don’t have the personal financial security
Rufus H Rivers (pictured)has been promoted to Managing Partner of RLJ Equity Partners, LLC. Founded by Robert L Johnson, founder and chairman of The RLJ Companies together with The Carlyle Group, RLJ Equity Partners invests in middle-market leveraged buy-outs, recapitalisations, and growth equity.
"Rufus has been instrumental in developing and helping RLJ Equity Partners achieve its goals and objectives," says Johnson. "Under his leadership, RLJ Equity Partners is recognised as one of the top minority-controlled equity firms and continues to expand its portfolio with reputable companies from around the globe. I am confident in Rufus’ insight and expertise and know
Business Growth Fund (BGF), established to help the UK’s fast growing smaller and medium sized businesses, has made its first investment in the North West, with a GBP3.25 million investment in award-winning Mexican street food chain, Barburrito.
This is BGF’s fifth deal in three months, making it currently one of the most active investors of long-term growth capital in the UK and bringing its total investment in fast growing companies to GBP37 million to date.
Founded in 2005 by Manchester based entrepreneurs, Morgan Davies and Paul Kilpatrick, award-winning Barburrito is a chain of fast-casual Mexican restaurants that offer healthy food to
Markit has acquired Data Explorers, a provider of global securities lending data, from mid-market private equity firm Bowmark Capital.
Data Explorers’ data set, which covers USD12 trillion of securities in the lending programmes of over 20,000 institutional funds, provides a comprehensive view of short interest data and institutional fund activity across all market sectors. It is used by beneficial owners, custodians, agent lenders, prime brokers and asset managers to help inform investment decisions, manage risk and produce independent benchmarks.
This acquisition comes as the new regulatory environment is changing the dynamics of the securities financing markets. By combining Data
The Riverside Company has completed the first exit from its Riverside Asia-Pacific Fund I (RAF I). The successful realisation of Japanese coin parking lot operator Shinsouki comes after four years of steady organic and add-on growth following Riverside’s 2008 acquisition.
Shinsouki is the largest operator of parking lots in Niigata City. Through the 2009 acquisition of MAOS, the company added a strong presence in Tokyo. Most of the lots the company operates are unmanned, and built on leased land in high-density areas. The company combines deep knowledge of its geographies with close relations with landowners to develop lots in favorable
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