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Private equity firm Warburg Pincus has appointed Simon Eyers as a Managing Director to concentrate on energy investments in Europe and emerging markets, based in the firm’s London office.
Simon Eyers joins Warburg Pincus after serving as a founding Partner of 4D Global Energy Advisors, a private equity firm specialising in the energy sector. Prior to 4D, he worked in energy investment banking at SG Warburg, Goldman Sachs and Credit Suisse First Boston Europe. Simon is a director of Fairfield Energy.
Joseph Schull, Head of Europe at Warburg Pincus, says: "Simon brings deep domain knowledge and years of experience in
Marubeni Corporation and Innovation Network Corporation of Japan (INCJ), a government-sponsored private equity corporation, have agreed to acquire Seajacks International from funds controlled by Riverstone Holdings. The terms of the transaction have not been disclosed.
The sale is expected to close at the end of April 2012. Marubeni intends to integrate the Seajacks business into its Power Projects & Infrastructure division.
Seajacks International is an offshore services company that operates primarily in the European offshore wind market but also serves the European offshore oil and gas markets. Seajacks owns and manages self-propelled jack-up vessels equipped for the harsh conditions of
Woodbridge, a middle market M&A advisory firm, has appointed David P Olson as a Managing Director. Olson will focus on enhancing Woodbridge’s relationships with private equity groups, including expanding its sell-side advisory practice with private equity groups seeking to exit portfolio holdings.
Olson has over 20 years of experience in the financial services industry in direct investing, middle market investment banking and operational roles.
"Over the years Woodbridge has generated tremendous deal flow to private equity groups," says Robert M Koenig, president of Woodbridge International. "Many have participated in our sell-side process and appreciate the efficient, effective methodology we use
The Alliance of Alternative Asset Professionals (TAAAPs), a non-profit organisation that provides education and up-to-date market information to professionals in the alternative asset industry, has launched a new website featuring informative articles written by industry experts, a calendar of educational and networking events, and information on the numerous charities supported by TAAAPs.
"The goal of TAAAPs is to provide our growing member base with information, resources, and contacts to help them prosper in the alternative asset industry,” says TAAAPs co-founder and president Paul Marino and a partner at the law firm Marino +Associates. “We are excited our new site will
Ernst & Young has re-established an office in the British Virgin Islands (BVI), after a multi-year absence. The global accounting and consulting firm, which has 152,000 employees in 140 jurisdictions globally, has a staff of six in the BVI and hopes that will expand to double figures by mid-summer.
According to Dan Scott, managing partner for Ernst & Young’s Bermuda, Bahamas, BVI and Cayman Islands region the firm was attracted by the BVI’s international reputation for financial services, particularly the strength of the financial services legislation, the regulatory regime and the Commercial Court: “When I look at the BVI, it
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
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