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For a second year running, the investments of LDC, the private equity arm of Lloyds Banking Group, feature most prominently on the annual Sunday Times Deloitte Buyout Track 100.
Published this weekend for a sixth year, the league table ranks Britain’s 100 private-equity-backed companies with the fastest-growing profits (ebitda) over the last two years.
LDC is the private-equity house with the highest number of investments on the league table. Seven of its companies have won places, compared with ten last year. These range from outdoor equipment retailerMountain Warehouse (No 64), to BigHand (No 11), which develops dictation software
Commercial law firm EMW has appointed Jodi Tierney (pictured) as its new Head of Asset Based Lending (ABL), as part of substantial plans to expand its London office.
Tierney joins from Francis Wilks & Jones LLP where she was Partner, having previously been a Senior Associate at Hammonds. She will head up a fast-growing 10-strong Asset Based Lending practice which was recently appointed to the asset finance panel of Santander in 2010.
Tierney’s extensive experience includes advising in relation to collections, asset recovery and fraud situations for asset based lenders, banks and other financial institutions, as well as actions against
China surpassed the UK to become the second-largest recipient of venture capital equity financing in 2011. According to Dow Jones VentureSource, which tracks venture-backed companies, Chinese firms received 332 venture capital equity financing deals in 2011, surpassing the UK’s 274. The US retained its lead with 3,209 deals.
Each deal represents a single case of equity financing by a professional venture capital firm, corporation, other private equity firm or individual. Deals are an indicator of the emergence of start-up and growth companies in an economy.
Venture capital firms are not only placing more bets on China, but bigger bets, as
General Atlantic LLC (GA) has appointed David Topper, a former Vice Chairman of JP Morgan and leader in its capital markets group, as a Special Advisor to the firm.
Topper has nearly 30 years of capital markets and investment banking experience. He will be working closely with GA’s portfolio group as well as GA’s portfolio company management teams on specific projects.
Bill Ford (pictured), CEO of General Atlantic, says: “We are extremely pleased to have David join us as a Special Advisor. His extensive experience in the global capital markets will be extremely valuable to us as we
NYSE Euronext and Deutsche Borse have both agreed to a mutual termination of the business combination agreement originally signed by the companies on 15 February, 2011.
The move comes following the recently announced decision by the European Commission to block the proposed merger of the two firms.
International law firm Akin Gump Strauss Hauer & Feld LLP is to add two partners to its London funds practice. Tim Pearce and Ian Meade will join the firm from Simmons & Simmons.
Their arrival at Akin Gump will significantly expand the firm’s London practice which advises leading funds and fund managers on a broad range of issues, investment products and asset classes, including fund formation and financial services regulation and compliance, as well as their business activities more generally.
Tim and Ian will also work closely with the firm’s market-leading international funds teams and clients in New York,
Lyceum Capital-backed M&C Energy Group (M&C), the global energy consultancy, has expanded its US footprint and strengthened its market position with the acquisition of fellow energy consultancy Coleman Hines, headquartered in Phoenix, Arizona.
The mid-market growth investor acquired M&C for £22 million in 2010 and, since then, has implemented a rigorous programme of operational enhancement and supported a number of strategic acquisitions.
The deal follows M&C opening its first US office in Atlanta, Georgia and will further help the company to expand in North America.
Coleman Hines, founded in 2000, provides energy consultancy services to a number of
Wellspring Capital Management has acquired ThermaSys Corporation, manufacturer of a wide range of heat exchangers and heat exchange equipment, from an affiliate of Sun Capital Partners, Inc. Financial terms of the have not been disclosed.
Founded in 1971 in Montgomery, Alabama as Thermal Components, Inc, ThermaSys has one of the broadest product offerings in the industry, supplying a diverse range of highly engineered, custom-designed heat exchangers and heat exchanger components, including aluminium and brass seam-welded tubing. The Company is uniquely positioned to supply highly engineered heat exchanger products for a wide variety of applications, either as single components or combined
Symphony Healthcare Holdings Limited, a wholly owned subsidiary of Symphony International Holdings, is to invest USD50 million to acquire a non-controlling minority shareholding in Integrated Healthcare Hastaneler Turkey Sdn Bhd (IHT).
IHT is the controlling shareholder of Acibadem Saglik Yatirimlari Holding AS (ASYH) and is owned by Integrated Healthcare Holdings Sdn Bhd (Integrated Healthcare), the healthcare subsidiary of Khazanah Nasional Berhad (Khazanah), the investment holding arm of the government of Malaysia. Completion of the transaction is scheduled for February 8th 2012.
Symphony has also negotiated an option to convert its investment in IHT into a minority stake in Integrated
Allied Oil & Gas Services, a cementing and acidizing business headquartered in Fort Worth, Texas, has been acquired by Intervale Capital, a private equity firm focused on investments in middle-market oilfield services companies.
With locations in Kansas, Pennsylvania and West Virginia, Allied provides cementing and acidizing services to customers in the Mid-Continent and Marcellus Shale regions. Allied has a broad customer base of exploration and production companies and has distinguished itself as a provider of choice over its 45 year operating history. Wells Fargo & Company provided debt financing to support the transaction.
Allied’s operations will be led by CEO
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