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JH Partners, a San Francisco-based private equity firm, has completed the sale of Australian skin care company Jurlique International to Pola Orbis for an enterprise value of AUD335m (USD358m), which represents approximately 3.8x Jurlique’s annual sales.
JH Partners acquired Jurlique in mid-2006. JH Partners manages approximately USD1 billion in private equity commitments across three funds.
JH Partners’ Managing Partner John Hansen, says: "JH Partners was honoured to be invited in 2006 to participate in the business development of Jurlique, which was a direct result of our long-standing success in beauty. We are enthusiastic supporters of this important global skin care
Middle market private equity firm Parthenon Capital Partners has held the final closing of Parthenon Investors IV (PCP IV) with USD700 million in commitments. PCP IV exceeded its initial fund target of USD600 million and hit its “hard cap” of USD700 million.
“We appreciate the support we received from our existing limited partners and are also excited about the relationships we’ve developed with an outstanding group of new investors,” says Brian Golson (pictured), Managing Partner and San Francisco Office Head.
“We’re pleased that investors recognised our differentiated strategy, significant focus on proactive research, and strong track record,” says David Ament,
CS Strategic Partners, the exclusive dedicated secondary private equity arm of Credit Suisse, has announced the final close of its most recent fund, CS Strategic Partners V, with total capital commitments of over USS2.9 billion. Consistent with regulation, this capital includes over USS87 million committed by Credit Suisse and the Strategic Partner investment team.
SPV LBO Centric, SPV Real Estate and SPV Venture Secondary Funds began investing in the second half of 2011 and have to date already collectively invested or committed to invest approximately USD500 million to over 170 underlying funds in over 30 transactions. Strategic Partner’s pipeline is
Growth equity investor Summit Partners today has established a new office in Mumbai. Summit is opening the office to increase investment activity in India and to support its North American and European-based portfolio companies with their expansion efforts the region.
The office is being managed by Amit Chaturvedy, Director-India, and joining him are Associates Gaurav Prakash and Miloni Shah. Summit Partners will apply the same investment strategy that Summit Partners has successfully executed since 1984—to focus on high-growth businesses run by strong management teams.
“As growth equity investors with a 28-year track record, we see a significant opportunity in the
Private equity firm The Gores Group has completed the acquisition of The Hay Group, one of the leading European manufacturers of high precision forged and machined components for engines, gearboxes and axles for the automotive, commercial vehicle and bearing industries. Terms of the transaction have not been disclosed.
Founded in 1925, The Hay Group has nearly 1,600 employees between its three German manufacturing operations sites. Part of the strategy under the new ownership will be to expand The Hay Group’s operations into Asia to meet the demands and requirements of its customers.
Fernando Goni, Managing Director of The Gores Group,
The majority of investors in hedge funds, commodity trading advisors and private equity funds expect to increase their allocations to those private investments in 2012, according to a survey by AlphaMetrix.
A total of 65 per cent of investment managers and investors surveyed said they intend to increase their allocations to private investments by some degree this year, with 25 per cent of participants planning to raise their allocations significantly. Further, 35 per cent intend to leave their existing allocations unchanged.
Respondents answered a range of questions during the AlphaMetrix 2012 Miami Summit, a leading networking conference for the private
EFAMA has commented on the the US Treasury Department and Internal Revenue Service’s long-awaited proposed regulations under the Foreign Account Tax Compliance Act (FATCA), which were released on 8 February, 2012
FATCA is a sweeping law that requires non-US financial institutions, including funds, to determine which of their accounts and investors are US persons, and to report such US persons to the IRS. The consequence of non-compliance is a 30 per cent withholding tax on payments of certain US source income.
“We are gratified that the proposed regulations reflect the receptiveness of the US rule makers to working
EWR Neue Energien GmbH (EWR), a subsidiary of Rhenish Hessian energy supply company EWR Aktiengesellschaft, has acquired a wind farm in Dorn-Dürkheim, Rhineland-Palatinate, from ABO Wind AG. In a joint venture with juwi Holding AG, the company will also construct and operate a wind farm in Worms.
A team from CMS Hasche Sigle led by lead partner Dr Jochen Lamb advised EWR on all legal aspects of both projects from the start.
The Dorn-Dürkheim wind farm is currently under construction and will be connected to the power grid in 2012. It will have an installed capacity of 16.1 MW. The
James Bergstrom (pictured) has been appointed as Legal Chief Executive Officer of The Ogier Group, effective from February 2012.
Nick Kershaw, who previously held both the Group Chief Executive and the Legal Chief Executive roles, has handed over the Legal Chief Executive role to Bergstrom, but continues as the Group Chief Executive, having been elected for a second three year term. Kershaw will also be returning part time to a client facing role.
Bergstrom joined Ogier’s Cayman office in 1991 and became a partner in 1998. He was the Managing Partner of the Cayman office from 2002 to 2010 and head
Global alternative asset manager The Carlyle Group has received a binding irrevocable offer from Glory Ltd to purchase Talaris for an enterprise value of GBP650m.
Talaris is a global provider of cash handling equipment, servicing and software solutions and Glory is a manufacturer of money handling systems. Following consultation with the French works council, if the offer is accepted, the contemplated transaction will be subject to regulatory approvals.
Carlyle Europe Partners III, LP acquired De La Rue Cash Systems from De La Rue plc in September 2008 for GBP360m, rebranding the company “Talaris”, and focusing on the growth of
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