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An affiliate of Sun European Partners is to acquire American Golf, Europe’s largest golfing retailer from LDC. The value of the transaction has not been disclosed.
American Golf has 88 stores in the UK and Republic of Ireland, the company has two online sites and around 760 employees. The business commenced trading in the late 1970s and has since grown into the largest and leading specialist golf retailer in the UK and Europe. It operates the UK‘s premier nationwide retail chain of specialist golf equipment stores, selling a comprehensive range of clubs, bags, balls, clothing and accessories supplied by major
Google and Kohlberg Kravis Roberts (KKR) have teamed up to invest in a portfolio of solar photovoltaic (PV) projects held by Recurrent Energy.
The portfolio of projects is financed with a combination of debt and equity, which includes a significant equity investment from Google in addition to equity from SunTap Energy RE LLC (SunTap), a new venture formed by KKR to invest in solar projects in the US.
“The investment is a clear demonstration of solar’s ability to attract private capital from well-established investors like Google and KKR,” says Arno Harris, CEO of Recurrent Energy. “This transaction provides an example
Sterecycle, the waste treatment and renewable power company, has raised GBP5.1 million in equity finance from four investors.
New investor Finance Yorkshire led the round investing GBP1.25 million. A second new investor, German businessman Lars Windhorst, and existing investors including Aston Hill Financial from Canada contributed the remaining £3.85 million.
The investment will fund the next expansion phase of Sterecycle’s Rotherham plant which will increase capacity from 100,000 tonnes per annum (tpa) to 175,000 tpa by the third quarter of 2012.
Sterecycle CEO Tom Shields (pictured), says: “We’re very pleased to have two new backers on board and for the
Apex Fund Services (UK) Limited has received authorisation by the UK’s Financial Services Authority (FSA) as a Fund Operator.
As a Fund Operator, Apex’s UK office is now one of a small number of administrators in the country that is authorised to provide independent administration services to regulated collective investment schemes domiciled in the UK. Importantly all UK based investment managers will be serviced locally from London.
Leading the growth of the London office is Colin Targett who joins the Company from Standard Bank in Jersey where he was head of valuations. Colin is a highly experienced fund administrator
The first year of this decade has been a volatile one, with headlines dominated by the crisis in the Eurozone. The average investment company was down 5% over the last twelve months of volatile markets, although it was up 54% over three years following the lows of 2008. All figures are to 30 November 2011.
However, there have been some good performers surfacing from all of the turbulence. Research from the Association of Investment Companies (AIC) has shown that specialist asset classes have fared well over the year, with the top two performing AIC member investment companies belonging to the
As 2011 draws to an end, it is interesting to note that eight of the Top 10 performers on the Lyxor Managed Account Platform (Lyxor MAP) belong to the systematic and model-based kind of managers. Machine 8 – Men 2, says Stefan Keller (pictured), Head of Managed Account Platform Research & External Relations, Lyxor Asset Management…
The fourth quarter bears testimony to an investment environment where emotions have indeed not been easy to control: market stress has forced EU policymakers to take more positive steps than usual at their summits; one US broker dealer filed for bankruptcy; the Greek Prime
Better Capital Limited intends to raise further capital through an issue of new 2012 Shares for investment in a new fund, Better Capital Fund II, to invest principally in UK and Irish turnaround opportunities. A total of GBP158 million has been raised under Firm Placing, with up to a further GBP42 million being made available to existing shareholders under the Offer and conditionally under the Placing.
The CompanyHAS also announced its intention to convert into a protected cell company (PCC) to enable existing and new shareholders to hold shares in an innovative structure.
In total, up to GBP200 million
Centre Partners, a middle market private equity firm with offices in New York and Los Angeles, has acquired Bellisio Foods, Inc, together with the management team of Bellisio. Bellisio is a leading manufacturer of branded and private label frozen foods, based in Minneapolis.
Bellisio is one of North America’s largest manufacturers and distributors of frozen single-serve entrees and meals, sold primarily under the Michelina’s brand. The company also produces private label frozen products for a number of the nation’s largest retailers, and provides co-packing services to leading consumer packaged goods customers.
Bellisio Chief Executive Officer Joel Conner, says: "We are
Enzo Puntillo (pictured) , Head/CIO Fixed Income at Swiss & Global Asset Management, assesses the prospects for fixed income investments…
Inflation linked bonds have continued to post strong absolute returns. The strongest returns came from USD and GBP (4.8% and 6.3% respectively measured by Barclays index data) while returns from Europe lagged.
Over the cyclical horizon, inflation pressure remains subdued in nearly all developed economies. We think that inflation pressure could mount in the next recovery cycle, as huge monetary and fiscal stimulus is at work.
Real yields are low and offer only modest value from an absolute point of
The law firm Ashurst LLP has advised Crédit Agricole SA in it’s sale of Credit Agricole Private Equity (CAPE) to Coller Capital. The sale is subject to authorisation from the competent authorities, which should be obtained in the first quarter of 2012.
Crédit Agricole SA’s decision to sell CAPE forms part of a plan to optimise capital allocation and refocus the bank’s private equity activities on local business. The sale will reduce Crédit Agricole SA’s risk-weighted assets by about EUR900 million. Crédit Agricole SA will continue to provide financing for SMEs through the private equity vehicles owned by Crédit Agricole
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