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Private equity firm Laurel Capital Partners has made a minority investment in ConceptONE, LLC, a New York-based financial technology and advisory firm that provides specialised risk management solutions as well as a full suite of related asset management analytical tools and services. Laurel’s capital will be utilised to further develop ConceptONE’s proprietary suite of risk analytics, data aggregation capabilities, customer facing software and middle and back office services for assets managers of all sizes and types.
"ConceptONE has a proven track record in identifying the various problems faced by fund managers, and providing bespoke solutions designed to enhance efficiency within
Sun Capital Partners has promoted five executives to the position of Managing Director. Sun Capital’s expanded global senior management team now counts 22 Managing Directors, including 11 on the operations team, nine on the investment team, and two responsible for corporate infrastructure. Two of the promotions were made at Sun European Partners, the London-based European adviser to Sun Capital.
“I am proud of the contributions made by each of these accomplished professionals in both North America and Europe,” says Marc Leder, Co-CEO of Sun Capital Partners. “These five professionals have been with the firm for an average of eight years
Perusa Partners has held a EUR200 million first and final closing of Perusa Partners Fund 2, a Guernsey limited partnership managed by Guernsey-based Perusa Partners Management Limited.
Perusa believes that the success and fast-pace of the fund’s final closing is attributable to significant support from existing investors, combined with exceptional interest from new ones. Allocation to new partners was limited to select, high quality, long-term institutional investors. Subscribers to the Fund included pension funds and insurance companies from Australia, the Netherlands, Nordic countries and the US. The target and hard cap of EUR200 million was self-imposed by Perusa in order
Denver-based private equity firm KRG Capital Partners (KRG) has completed its sale of Avizent to York Risk Services Organization, Inc, a portfolio company of ABRY Partners. The all-cash sale closed on, 2011 and represents KRG’s third successful exit in its USD715 million Fund III.
Avizent, headquartered in Dublin, Ohio is a fully integrated national risk management provider serving the workers’ compensation, auto and general liability segments.
Avizent’s innovative service offering includes third-party claims administration (TPA), medical managed care services, network PPO access (including diagnostic scheduling services) and alternative risk solutions. Unlike most of its competitors that outsource most or all
Manfield Partners has acquired two packaged food businesses – MCM Select Foods Limited in the UK and MCM Foods BV in the Netherlands – from Mitsui & Co Ltd of Japan.
The two businesses import, distribute and market a mixture of exclusive brands and own label foods for retailers and food service companies. The product range comprises a selection of foods but primarily canned fish (tuna, salmon etc) and fruit. The combined business is expected to generate revenues of circa GBP75m in the year to March 2012 with profits in excess of GBP1m.
Manfield was attracted to the
Segulah III has signed a final agreement with Litorina IV to sell Skandinavisk Kommunalteknik AB (SKT). Closing took place simultaneously on 20 December, 2011. SKT´s management team remains as significant owners.
SKT´s business idea is to customise and deliver pressure sewage systems to municipalities, contractors and individual households. The Company has a clear market leading position in Sweden and Denmark and a challenger position in Norway and Finland.
Since S III´s acquisition, the organization has been significantly expanded and two add-on acquisitions have recently been completed (SKT´s former distributors in Norway and Finland).
“Following the recent acquisitions in Finland and
VTB Capital and I2BF Global Ventures have jointly launched a USD100m nanotechnology venture fund with cornerstone backing from the Russian state nanotechnology fund RusNano and Kazyna Capital Management, the sovereign wealth fund of the Republic of Kazakhstan.
These entities have committed USD25m each to the new fund, with VTB Capital and I2BF expecting to raise a further USD50m from external investors. The agreement was signed on 21 December 2011 in Almaty at a ceremony attended by Aset Isekeshev, Vice-Premier of Kazakhstan and Minister of Industry and New Technologies, and will soon be followed by the opening of offices in Moscow
The Riverside Company and Tensator have completed the acquisition of Portuguese customer journey management specialist Newvision. Newvision offers a range of products including dispersed queue management systems, self-service and multimedia information kiosks, and digital displays.
Newvision develops integrated products through five product lines that provide virtual queue management, people counting, self-service, multimedia kiosks and corporate television. Since 2008, Newvision has achieved 20% growth per annum in revenues and has more than 3,000 installed solutions serving more than 400 customers, mainly in Europe, but also in Africa, the Middle East and Latin America. Customer sectors include postal, retail and public administration,
SEI has unveiled a new service that assists SEC-registered investment advisers of private funds in meeting their Form PF obligations.
Form PF was recently jointly adopted by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It requires SEC-registered advisers to hedge funds and other private funds with at least USD150 million in private fund assets under management to report information to the Financial Stability Oversight Council (FSOC) to enable the FSOC to monitor risk to the US financial system.
Having worked closely with industry consultants and after performing considerable analysis, SEI has developed a
eFront, a software provider of solutions for the alternative investment market, has opened a new office in the heart of Singapore’s financial and trade centre.
The new office, eFront’s third in Asia, will focus on addressing the private equity, real estate and infrastructure investment sectors. Complementing the teams operating out of Hong Kong and Beijing, the Singapore-based team of eFront consultants will provide local implementation service and support to eFront customers in South-East Asia.
With its mature financial infrastructure, Singapore is considered one of Asia’s foremost financial centres and is an important hub for foreign investments in growing Asian economies such
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