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US venture capital (VC) investment in cleantech companies reached USD4.9 billion in 2011, flat in terms of deals and down 4.5% in terms of capital invested compared to 2010, according to an Ernst & Young LLP analysis based on data from Dow Jones VentureSource.
However, this represents a 29% increase from the USD3.8 billion raised in 2009. In Q4 2011 VC investment in cleantech reached USD940.5 million with 70 rounds of financing.
"Cleantech is still in the early stages of a long-term journey," says Jay Spencer, Ernst & Young LLP’s Americas Cleantech Director. "We’ve reached a point where new products
Better Capital has sold MentecPlus Integrated Solutions Limited (MentecPlus), a company within the BECAP Fund LP (the 2009 Fund) investment portfolio, to UNIT4 Business Software Holding BV (UNIT4), a NYSE Euronext-listed company.
MentecPlus was acquired as part of the Calyx group of ICT managed services companies in September 2010. As the authorised distributor in Ireland for the Agresso Business World suite of business software products, MentecPlus has a long-established relationship with UNIT4 (the author of Agresso). MentecPlus, with 167 customers, is a leading provider of business software solutions to both SMEs and Public Sectors in the Republic and Northern Ireland.
The UK Court of Appeal has today handed down judgment in a case which considers the circumstances in which an individual who enters into a members’ agreement in a limited liability partnership may be considered to be an employee. Jonathan Exten-Wright, employment partner, DLA Piper explains…
Mr Tiffin was a fixed share partner in the law firm Lester Aldridge LLP (the LLP). Prior to the LLP becoming an limited liability partnership, Mr Tiffin had been a salaried partner and then a fixed share partner. When the LLP converted to a limited liability partnership, Mr Tiffin signed the members’ agreement and
Blackstone Accelerates Growth, a statewide initiative involving the Maine Technology Institute, the Maine Center for Entrepreneurial Development and the University of Maine, has hired John Voltz as its Executive Director.
A resident of Cape Elizabeth, Maine, Voltz joins the initiative from Jane Capital Partners, a San Francisco-based corporate advisory and merchant banking firm, where as a principal, he spent the past decade advising entrepreneurs launching and expanding their businesses and multi-national corporations seeking investment and partnership opportunities. Of special interest to Blackstone Accelerates Growth has Voltz’s success forging strategic partnerships and leveraging his network of contacts to facilitate the
The UK Financial Services Authority (FSA) has fined Ravi Shankar Sinha GBP2.867 million for fraudulently obtaining GBP1.367 million for himself from a company owned by a private equity fund advised by JC Flowers by means of a fictitious invoicing scheme.
The financial penalty consists of GBP1.367 million disgorgement and a punitive element of GBP1.5 million. Sinha is also prohibited from performing any function in relation to any regulated activity in the financial services industry.
Between 16 May 2005 and 11 November 2009, Sinha was the chief executive officer of JC Flowers & Co UK Limited (JCFUK). As such he acted as an
Fund administrator GlobeOp is to be acquired by private equity firm TPG Capital in a deal worth around GBP508 million (USD800 million).
The deal follows GlobeOp’s announcement on 6 January 2012 that it was carrying out a review of its ‘strategic options’ and will see Geo 3, a newly established partnership directly owned by TPG Partners VI-AIV, acquire 100 per cent of the ‘issued and to be issued share capital of GlobeOp’.
Under the terms of the Offer, GlobeOp Shareholders will be entitled to receive 435 pence in cash for each Ordinary Share held. The Offer Price represents a premium
The Indian Private Equity & Venture Capital Association (IVCA) is partnering with Cambridge Associates to provide extensive, independent Indian private equity and venture capital performance data to industry participants.
As part of the strategic partnership, IVCA will give its members access to aggregate Indian private equity (PE) and venture capital (VC) benchmark data and statistics, once launched. Cambridge Associates, a global provider of independent research and investment advice, derives PE and VC benchmarks from the financial information in its proprietary database of institutional-quality PE and VC funds, which is one of the largest such data repositories in the world, and
Global economic uncertainty and regulatory change will continue to impact M&A activity in the coming year, according to the latest trends insights by Clifford Chance.
Worries about sovereign debt, global economic slowdown and the continued lack of a resolution to the Eurozone crisis are contributing to an unsettled global picture. However M&A is continuing despite the challenging environment, and in some areas, Clifford Chance expects to see significantly more confidence in doing deals as the year progresses.
Matthew Layton, Global Head of Corporate at Clifford Chance, says: “The first half of last year showed that there is an appetite
EFAMA has welcomed the publication by the European Securities and Markets Authority (ESMA) of its Consultation Paper setting out future guidelines on UCITS Exchange-Traded Funds (UCITS ETFs) and other UCITS issues.
Broadly speaking, EFAMA supports ESMA’s proposals in favour of increased investor protection through more transparency and additional requirements for securities lending, collateral management and the use of strategy indices. EFAMA also welcomes ESMA’s decision to broaden the scope of its proposed guidelines to all UCITS engaged in the same type of activity, instead of targeting exclusively UCITS ETFs.
Peter De Proft (pictured), Director General of EFAMA, says: “EFAMA
Young fashion footwear retailer OFFICE, backed by Silverfleet Capital the European private equity firm, has reported a 26 per cent growth in like-for-like sales in the five weeks to 31 December 2011.
OFFICE has also made a senior appointment to its board with Allan Leighton taking on the role of non-executive chairman. Leighton;s appointment follows the appointment of Ian Findlay as finance director back in September.
For the same period last year the business reported like-for-like sales growth of 19.41pc.
Both Leighton and Findlay have considerable expertise in the retail sector. Previously Leighton was CEO of Asda, and chairman of
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