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Avenue Capital Group has appointed Stephen Trevor as a Senior Managing Director focusing on distressed-for-control investments. He will split his time between the firm’s New York and London offices.
Trevor, 48, previously was co-head of the private equity business within Morgan Stanley Investment Management (MSIM), as well as co-head of Morgan Stanley Merchant Banking and Asset Management. He also served on the Management and Risk committees at Morgan Stanley, which he joined in 2007. Prior to Morgan Stanley, Trevor was a Managing Director in the Principal Investment area of Goldman Sachs, and a partner at the firm. Trevor joined Goldman Sachs in 1992, and
Bill Crossan (pictured), managing partner at Growth Capital Partners, looks to 2012 and why, despite a gloom-laden economy there is still cause for optimism…
We stand in unprecedented times. None of us can be certain what the future holds, but what we can be certain of is that we need to adapt, innovate and change to both see us through the depths of the recession and to create value for our investors.
I don’t think any of us expect 2012 to be easy but so what! LP’s expect us to do our job and we will just have to work
Global private equity investor Actis is paying USD102 million to acquire a significant minority stake in Brazil´s prestigious University Cruzeiro do Sul Educacional.
Founded in 1965 Cruzeiro do Sul Educacional today has a total of 36,000 students across eight sites. Offering both undergraduate and post graduate study, long distance learning and higher education the University has been widely recognised for its academic excellence.
Cruzeiro do Sul Educacional is currently made up of three institutions; the University Cruzeiro do Sul (São Paulo-SP), Centro Universitário do Distrito Federal (Brasília-DF) and Centro Universitário Módulo (Caraguatatuba-SP). It was awarded the highest grade by the
An affiliate of Sun European Partners, the European adviser to Sun Capital Partners, has acquired Bonmarché from the Administrators, KPMG.
It is intended that the business will trade from approximately 230 stores, thereby providing continued employment to approximately 2,400 employees in the UK. However, in order to ensure that the company can be placed on a sound economic footing, it is anticipated that approximately 160 stores will be closed.
Bonmarché is one of the UK’s largest women’s only value retailers focused on selling affordable, quality womenswear in a wide range of sizes to women over 45 years old. Ranges include casual
International law firm Freshfields Bruckhaus Deringer has launched a new global financial investors group to deliver a fully integrated offering to global financial investors, including Private Equity, Infrastructure Funds, Sovereign Wealth Funds (SWF) and Alternative Capital Providers (ACPs).
Led by corporate partners Ludwig Leyendecker (pictured) and David Higgins, the new group will bring together multidisciplinary teams that are at the cutting edge of complex multijurisdictional financial investor transactions, and support clients around the world by delivering a full service practice with deep finance, M&A and anti-trust capabilities.
‘Freshfields is consistently regarded as the firm of choice for complex cross
Castle Hall Alternatives, a specialist provider of operational due diligence to global investors, has expanded its activities to Europe, opening a new office in London. Michael Bolger, ACA CFA FRM, recently joined Castle Hall as Director to lead the firm’s European due diligence practice.
“We are delighted to expand our business in Europe and welcome Michael to Castle Hall,” says Chris Addy, CEO. “Our new location will enhance our ability to conduct due diligence on European asset managers and will allow Castle Hall to strengthen its relationship with our European clients.”
Headquartered in Montreal, Canada, Castle Hall’s London office continues
RJD Partners has sold the operations of European Boating Holidays (EBH), the largest independent operator of European inland waterway boating holidays, to a French syndicate-backed management buy-in, led by Serge Naim and financed by Avenir Entreprise and AMS Industries.
The value of the transaction was undisclosed. EBH is the sixth realisation from RJD’s first fund, RL Private Equity Fund I, which closed in April 2004. The remaining Fund I investments are ISG Technology and Equidebt.
In July 2006, RJD led the simultaneous acquisition of Locaboat, the largest independent operator of European inland waterway boating holidays, and Cardinal Cruisers, a specialist
Oxfam is taking a lead in demonstrating to the financial industry that investments can deliver both social and financial returns, with the creation of a unique investment fund.
The Small Enterprise Impact Investment Fund (SEIIF) is a joint initiative between Oxfam and asset management group, Symbiotics. The first fund of its kind, the SEIIF will target small and medium enterprises (SMEs) in developing countries, offering investors both measurable social impacts and financial returns, with relatively low risk. Investors are now being sought for the fund.
“The private sector has a critical role to play in lifting people out of poverty
"These individuals have proven to be exceptional contributors and we are delighted to announce their advancement," says Richard D Tadler, a Managing Director of TA Associates. "They are very adept at advancing the interests of our limited partners and portfolio companies, and truly representative of TA’s talented team of professionals across all practice areas and geographies."
M Roy Burns has been promoted to Director from Principal. He serves in TA’s Boston office, focusing on investments in financial services, business services and other growth services industries. Burns led TA’s 2011 investment in Stadion Money Management and previously led the firm’s investment
The Paris office of international law firm Taylor Wessing has acted as sole counsel to Proparco and Unigrains in connection with their respective investment of USD7.5m and USD2m into SEAF India Agribusiness International.
SEAF India Agribusiness International was established by SEAF, an international not-for-profit organisation that sets up and manages investment vehicles around the world, with a particular focus on small and medium enterprises in developing or emerging countries such as India.
The fund will co-invest alongside SEAF India Agribusiness Fund, a local investment fund which has attracted renowned Indian investors. These two funds intend to co-invest up to
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