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Yannick Naud (pictured), Portfolio Manager at Glendevon King Asset Management is execpting further central bank intervention…
This type of coordinated emergency intervention is reminiscent with what has been done during 2008-2009. The liquidity situation today is in fact much worse than during 2008 for a large number of institutions for example within the Eurozone area.
We should expect further intervention I think in the near future given the seriousness of current economic woes.
So far Quantitative Easing for example were unilateral moves from National Central Banks. It might not be farfetched to imagine six central banks deciding on a new
Oxford Investment Opportunity Network (OION), a European technology business angel network, is to participate in the Business Angel Co-investment Fund (Angel CoFund) announced by the UK government that will provide GBP50 million to invest in high growth companies alongside business angels.
OION was established as one of Europe’s first business angel networks in 1994 and remains one of the few private sector angel networks in the country. Today, OION and two sister investment networks in the group, Thames Valley Investment Network and Oxford Early Investments, assist growing companies across the UK to secure crucial business development funding from £20,000 to
Michael Madia has joined RREEF Infrastructure, the infrastructure investment business of Deutsche Bank’s Asset Management division, as a Director and Operating Partner in New York. He is responsible for helping to identify investment opportunities and optimise the performance of energy infrastructure portfolio assets in North America. Madia is based in New York and reports to William Reid, a Managing Director and Head of RREEF Infrastructure Americas.
Madia has over 30 years of operational experience in the energy industry, most recently as Chief Operating Officer of Fisherman’s Energy, LLC an offshore wind developer, where he was responsible for project development, finance,
Unifrax Holdings I Corporation (Unifrax), a portfolio company of private equity firm AEA Investors (AEA), has been acquired by American Securities.
The transaction closed on 28 November, 2011. Harris Williams & Co acted as the lead advisor to Unifrax. The transaction was led by Chris Williams, John Neuner, John Arendale, Brent Spiller and Matt McLain from the firm’s Richmond office.
“Unifrax is a true market leader with an exceptional track record of growth and a remarkable management team. We look forward to following the continued success of the business,” says Williams Williams, managing director at Harris Williams & Co.
LogiXML, a pioneer of web-based business intelligence (BI) software, has closed a growth equity investment led by Summit Partners. Also participating in the round is Grotech Ventures, an existing LogiXML investor.
LogiXML investors now include Summit Partners, Grotech Ventures and Updata Partners. The funds will be used to accelerate LogiXML’s growth and expand the company’s share of the BI and analytics software market.
“As the broader BI and analytics market continues to expand, LogiXML has successfully capitalised on the demand for lightweight, agile BI solutions and has succeeded in market segments where traditional BI platforms fall short,” says Brett Jackson,
Fireman Capital Partners, a consumer-focused buyout and growth equity firm, has named Alison Kennedy as Director of Investor Relations.
Kennedy has an extensive and proven track record in institutional business development, marketing, client service and portfolio management. She most recently served as Vice President, Investor Relations and Business Development at Adveq Management, a leading independent global private equity investment management firm, where she was responsible for spearheading institutional client acquisition as well as originating fundraising for its in-house private equity fund of funds.
"We are delighted to welcome Alison to Fireman Capital, and believe her deep background in portfolio management,
AssuredPartners, Inc, a portfolio company of leading Chicago-based private equity firm GTCR, has closed its second investment with the acquisition of SKCG Group, a White Plains, New York-based insurance agency.
With revenues of approximately USD18 million, SKCG is one of the largest privately-held risk management and insurance advisory firms in the US. Since 1996, SKCG has been cited each year as a Top Performer nationwide by the Independent Insurance Agents of America Best Practices Study, evidencing the firm’s strong reputation in the industry. The acquisition provides AssuredPartners with a strategic asset and penetration into the greater New York metropolitan area.
Global digital security software company, Clearswift, has been acquired by mid-market growth investor Lyceum Capital, in a deal that will see increased focus on Clearswift’s content-aware security products.
Clearswift provides market-leading security software products to companies that view the security of their IP and communications as a strategic priority. Clearswift’s integrated products manage inbound threats, data loss prevention, web access policies and compliance across both web and email communications. Headquartered in Theale, near Reading, with satellite operations in Germany, Spain, Japan, the US, Australia and Holland, the business employs around 170 people with almost two thirds based in the UK.
The Association of Investment Companies (AIC) has welcomed the announcement that the UK Chancellor George Osborne will allow VCTs to invest greater amounts in smaller businesses. Currently the VCT scheme rule limits any one VCT to investing no more than GBP1 million in a single company in any 12 month period.
This rule has created significant administrative burdens for VCTs, preventing individual VCTs from providing all the funds a small company might require, even where the amount required is well within the overall limits set by the scheme. This means that a company seeking, for example, £5 million of investment
Electra Private Equity has agreed to sell its interest in Capital Safety Group (CSG) to KKR. The total value of the deal is approximately USD1.1 billion. CSG is one of the world’s leading manufacturers of fall protection, confined space and rescue equipment.
Completion, which is expected in January 2012, is conditional and subject to regulatory clearances, amongst other things.
Subject to completion, Electra is expected to receive proceeds in the region of GBP54 million based on today’s exchange rates. This would represent an uplift of GBP28 million or 104% on the valuation of CSG, inclusive of accrued income, at 31
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