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A private equity fund managed by Krokus Private Equity has backed a management buy-out of LOTOS Parafiny in a leveraged acquisition. The Company will continue its business under the new name – POLWAX.
The transaction entailed the purchase of 100% of shares of the subsidiary from the LOTOS Group. Currently, Lotos Parafiny is owned through a special purpose vehicle Krokus Chem Sp z o o by the Fund Nova Polonia Natexis II and the managing team.
“It was an unprecedented decision for the LOTOS Group as well as for the management team of LOTOS Parafiny. The investment process was very
Earthrise Capital Fund has completed an investment in the Series B securities of Charlotte, North Carolina-based Forest2Market, Inc. Earthrise was joined in the Series B financing by Zephyr Investment Management, F2M’s existing lead investor. In conjunction with this transaction, Ann Partlow, Partner of Earthrise Capital, will take a seat on the Company’s board.
Forest2Market is a provider of pricing data, supply chain expertise and consulting services to the forest products and biomass energy industries. The Company’s database of real-time prices for lumber, pulpwood, fiber, biomass and other forest products is the most comprehensive available. Forest2Market intends to use the proceeds
Private equity firm Institutional Venture Partners (IVP) has promoted Somesh Dash and Eric Liaw to principals. These promotions recognise their contributions to IVP and highlight the firm’s continued momentum in strengthening its investment team.
“Somesh and Eric have worked incredibly hard and have produced fantastic results for IVP,” says Todd Chaffee, General Partner at IVP. “They are an integral part of our investment team, and we are thrilled to announce their promotions.”
Dash joined IVP in March of 2005 and focuses primarily on later-stage investments in Internet, software, wireless, and technology-enabled services companies.
"IVP seeks to identify and back premier
Capital Dynamics has appointed Marcelo Moraes as a Managing Director and Head of Brazil, based in São Paulo.
Marcelo is a member of the Board of Directors of the Brazilian Private Equity and Venture Capital Association (ABVCAP) and Chairman of the VALE Fiscal Council (the second-largest mining company in the world). He has over a decade of private equity and venture capital experience, having been a Partner and Managing Director at Stratus Group (an independent Brazilian private equity manager focused on mid-market investments) and an Investment Manager with Bradespar (a listed investment company spun out from Banco Bradesco, one of
Private Equity firms invested USD10,117 million over 441 deals in India during the 12 months ending December 2011, compared to USD8,187 million across 362 deals during the previous year, according to analysis by Venture Intelligence, a research service focused on Private Equity and M&A activity.
These figures – which include VC investments and exclude PE investments in Real Estate – take the total investments by PE firms over the past five years to about USD47 billion across 2,062 transactions.
The latest Venture Intelligence data however reveals that PE investments in October-December 2011 declined to about USD1,456 million (across 105 deals)
Biomass Engineering Limited (BEL), manufacturer of renewable energy biomass plants, has secured a EUR6m growth equity investment from a US-based investor. The investment was made by Excelestar Ventures of Massachusetts, confirming Biomass Engineering’s sector leading biomass cogeneration energy and heat plant technology.
“Excelestar believes in BEL’s combined heat and power biomass plant. It is a robust and modular system that is the product of skilful engineering,” says Tasneem Dohadwala, General Partner of Excelestar Ventures.
BEL is an international leader in design, production and installation of biomass gasification CHP systems. As a pioneer in the industry, BEL’s technology is backed
Hutton Collins Partners has supported the acquisition of a majority interest in Wellington boot maker Hunter Boot Limited by Searchlight Capital Partners LP. Under the terms of the investment, Hutton Collins will provide GBP32 million of PIK and equity financing.
Searchlight’s acquisition, backed by Hutton Collins, will provide valuable support to drive the expansion of Hunter into new markets and related products. The company has expanded its product offering in recent years into areas including leather boots and other footwear, knitted accessories and bags. Hunter’s positioning as a heritage British brand, with a history dating back more than 150 years,
Jing Sun, Manager of the PSigma Global Equity Fund, is encouraged by a recent research trip to China…
I have just returned from Hong Kong and Beijing following my annual research trip. I came away encouraged that the excess industrial capacity and real estate worries are not nearly as bad as many have been suggesting in the West. On the other hand, I do not expect any bold policy actions from China in reaction to further problems from Europe if they develop. One key conclusion reached was that the PSigma Global Equity Fund will continue to avoid many exporters based
US private equity fund-raising regained traction after a slow third quarter, bringing the 2011 total to USD122.4 billion raised for 404 funds, according to Dow Jones LP Source.
This represents a slight drop in the number of funds that held closings but a 22% increase in capital from 2010, when 409 funds raised USD100.5 billion. During the fourth quarter of 2011, limited partners committed USD29 billion to 104 fund closings.
"The number of firms that raised USD2 billion or more in 2011 increased significantly over 2010, which helped drive overall fund-raising," says Laura Kreutzer, managing editor of Dow Jones Private
Karl F Balz has joined the Leveraged Finance and Capital Markets practice of global law firm Paul Hastings as a partner. Balz, previously with Hengeler Mueller, London, has considerable experience in leveraged finance and capital markets, in particular high yield bond offerings. His practice also encompasses M&A work and restructurings.
"Karl has been involved at the cutting edge of a range of financing, M&A and restructuring deals on both sides of the Atlantic. His extensive experience in high yield reflects our strong push into the European leveraged finance market and consolidates and enhances our global service offering in that field," says William Schwitter, chair
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