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The owners of John Varvatos Enterprises, Inc – VF Sportswear, Inc., a subsidiary of VF Corporation (NYSE: VFC) and John Varvatos – have signed a definitive agreement to sell the majority ownership interest in the company to Lion Capital LLP, with Mr Varvatos retaining an ownership position.
The transaction, which is subject to normal closing conditions, is expected to be completed during the second quarter of 2012. Terms were not disclosed.
John Varvatos launched his namesake brand in 2000 with a collection of tailored clothing and sportswear and it now represents an entire men’s lifestyle collection that includes footwear,
The US Small Business Administration has licensed the first nationally-focused Impact Investment Fund, SJF Ventures III, LP. The fund will make equity investments in cleantech and technology companies in communities nationwide as part of an impact investment initiative to invest up to USD1.5 billion in high-growth small businesses.
"SJF Ventures III, LP is yet another important new ally in SBA’s commitment to foster small business growth and job creation in emerging sectors," says Administrator Karen Mills. "They’re an experienced team that is well-positioned to drive more investment in high growth, positive impact companies. We will continue to grow this and
FRV has entered into a partnership with Denham Capital, a leading global energy focused private equity firm, to invest over USD190 million in new solar energy projects across a broad range of geographies.
The partnership with Denham Capital will strengthen FRV’s ability to make investments in global solar markets, including Australia, South Africa, Latin America, Europe, and the Middle East. The partnership will consider acquisitions where FRV’s core competencies can add value. FRV will continue to provide asset management services to existing partners and will opportunistically consider new asset management contracts.
Denham Capital will be the lead investor in
The German M&A market appears to have passed its low point. After the subdued deal flow in autumn 2011, both corporates and investment bankers believe that the environment for deals will improve in the months ahead, according to a new survey.
Nonetheless, investment bankers still see the financing environment and economic situation as deal breakers. As a result, current assessments of the situation fall significantly short of the top figures recorded a year ago. That is the conclusion of the latest survey of the M&A panel organised by CMS Hasche Sigle and FINANCE, in which some 60 M&A heads of
BNY Mellon has been appointed delegate, principal paying agent, registrar and transfer agent on a new Trust Certificate Issuance Programme established by MAF Sukuk Ltd.
Sukuk issuances under the programme are unconditionally and irrevocably guaranteed by Majid Al Futtaim Holding LLC. The inaugural issuance was for USD400,000,000 with a 5.85% profit rate per annum due in 2017.
As delegate and principal paying agent BNY Mellon will perform fiduciary duties and make profit and principal payments to investors on behalf of MAF Sukuk Ltd while handling administrative duties related to the issuance of the certificates.
“The launch of the
A delegation from Guernsey has been in Moscow to raise the Island’s profile as an international investment funds centre.
The team was led by Fiona Le Poidevin, Deputy Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry.
The itinerary included a series of meetings with investment managers, private banks, accountancy firms and law firms as well as attending the Russian Fund Forum which attracted around 150 delegates over two days at the Moscow Marriott Grand Hotel.
Miss Le Poidevin says: “Guernsey has attracted very well known and highly respected names in the Russian funds world
Gibraltar could benefit from a change to Luxembourg law, which has slowed down the launch of specialised investment funds in the Grand Duchy.
On 6 March 2012, the Luxembourg parliament passed a bill of law amending the Luxembourg law of 13 February 2007 on specialised investment funds (SIF). It is now no longer possible to launch SIF prior to the approval of Luxembourg Supervisory Commission of Financial Sector making launch of a fund slower.
James Lasry (pictured), Head of Funds at Hassans, International Law Firm in Gibraltar, says: "As a result of the new Luxembourg law that removes the possibility
Greenpark Capital, a global leader in mid-market private equity secondaries, has opened a new office in Hong Kong, to be headed by Chin Chin Teoh.
Teoh, who will take the newly created role of Head of Asia, joins from Bank of America Merrill Lynch, where she was Managing Director and Co-Head of the Asia Private Equity Group.
At Greenpark, Teoh will head up the Asia-Pacific operation, playing a leading role in the firm’s emerging markets initiative with the IFC (International Finance Corporation). In addition, she will be responsible for sourcing investments across the region for Greenpark’s funds.
The opening of
Healthcare specialist Westhouse Medical Services is in negotiations for the acquisition of a majority control of US listed Sunridge International. Sunridge’s subsidiary, Ophthalmic International Inc, has developed a glaucoma procedure called PNT, which could revolutionise the way glaucoma is treated globally.
Westhouse Medical Services, listed on the Open Standard Section of the Frankfurt Stock Exchange, is aggressively implementing its expansion plans, and this acquisition will further build its medical devices subsidiary.
The majority control will also provide Westhouse Medical Services with access to the US markets for its BreastCheck product, which is patented and FDA approved. Currently Westhouse’s
In a move that broadens its US manufacturing base and global reach, flooring manufacturer Mannington Mills announced has acquired Amtico International, a manufacturer of high-quality luxury vinyl flooring products.
Mannington Mills, based in Salem, NJ, is one of the largest and oldest flooring manufacturers in the United States. Founded in 1915, the fourth-generation, family-owned company manufactures and markets residential and commercial resilient, laminate, hardwood and porcelain tile floors, as well as commercial carpet and rubber.
“The acquisition of Amtico is an extremely exciting development for Mannington, as it not only brings a world class organisation into the Mannington family, but
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