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Monomoy Capital Partners, a New York private equity fund focused on value investment and business improvement in middle market businesses, has acquired Oneida Ltd (Oneida), a supplier of flatware and dinnerware to the foodservice market. The acquisition marks the first transaction for the Monomoy Capital Partners II, LP, Monomoy’s second fund vehicle. Terms of the transaction have not been disclosed.
Founded in 1880, Oneida designs, sources, markets and distributes flatware and dinnerware in the consumer and foodservice industries throughout the world. The Company’s markets include North America, Latin America, Europe, Middle East, Africa and Asia. Oneida’s full product line includes
Hogan Lovells has advised Exponent Private Equity funds and other management shareholders on the sale of the entire issued share capital of Magicalia Media Limited to Immediate Media Co Limited. The sale of Magicalia completed on 31 October 2011.
The Hogan Lovells team advising Exponent was led by London private equity partner Tom Whelan (pictured), assisted by corporate associate Monika Przygoda, share schemes associate Louise Crook and tax associate Andy Treavett.
Whelan says: "It was a pleasure once again to work for Exponent, having acted for them on their original investment into Magicalia, and I wish Exponent and the rest
ECI Partners portfolio company Fourth Hospitality, a leading software supplier to some of the biggest names in the pub, hotel and restaurant markets, has appointed Stuart Layzell as Chief Financial Officer as it gears up to push further into international markets.
Layzell brings to the role more than 20 years’ experience including working in private equity, corporate finance and in senior operational roles. He joins from the Business Growth Fund Plc (BGF), a high-profile GBP2.5bn initiative set up by the UK’s five biggest banks and the British Bankers Association to invest in small and medium-sized firms.
The appointment follows on
Private equity firms The Riverside Company and Halder have acquired KEYMILE-Group. The transaction is the 21st acquisition for Riverside in 2011, and its third investment in Germany this year.
Former investor HANNOVER Finanz Group, as well as former CEO Dr-Ing Ziaedin Chahabadi, sold their stakes to the private equity firms. Riverside is the new majority shareholder, Halder holds a substantial share and KEYMILE management have increased its previous shareholdings.
With main offices in Germany and Switzerland and sales offices in five other countries, KEYMILE offers telecommunication solutions in more than 60 countries. In 2007 HANNOVER Finanz Group facilitated the
Arma Partners acted as exclusive financial adviser to Francisco Partners on its acquisition of a 70% stake in Lumata, a newly formed entity comprised of several B2B assets carved-out of Buongiorno SpA valued at EUR91 million.
Lumata will serve customers globally in the mobile marketing space by providing a seamless link for operators, brands and hardware manufacturers to engage with their customers through the mobile channel. Lumata has a global footprint with 15 offices, more than 500 employees and over EUR50 million in annual revenue. Lumata’s client base includes Tier 1 operators like Orange, T-Mobile, Telecom Italia Mobile, Verizon, Airtel,
Traffix Systems, a leading provider of signalling technology that helps 4G networks run better and more efficiently, has secured USD7 million in financing in a round led by Bessemer Venture Partners. The funds will be used to expand Traffix’s market penetration with telecom carriers around the world as more of them roll out 4G networks that require next-generation, network signalling solutions to handle increased data traffic.
The Traffix signalling Delivery Controller (SDC) enables carriers to maximise network performance with innovative routing, load balancing and gateways solutions based on the new, IP-based industry standard protocol for signalling known as Diameter. The
Garg’s background in sales and marketing across both enterprise and consumer businesses has played an essential role in delivering on Foundation Capital’s early-stage venture investment strategy. Current investments span a broad range of industries, from advertising and video infrastructure to online real estate brokerage. Garg currently serves on the board of directors of Aggregate Knowledge, Agni Property, Aspire Human Capital Management, Conviva, TreeHouse and TubeMogul.
"Ashu has proved to be a thought leader and a business pioneer — always looking for what’s next on the horizon that will change the architecture of business as we know it," says Ashmeet Sidana,
UMB Fund Services, Inc. (UMBFS), a subsidiary of UMB Financial Corporation (NASDAQ: UMBF), added three new clients in the third quarter of 2011.
The new clients are: Chartwell Investment Partners; Ramius Trading Strategies LLC; and Transparent Value Advisors, LLC.
Two clients have mutual funds in the Investment Managers Series Trust co-sponsored by UMBFS and Mutual Fund Administration Corporation; one of these is a managed futures fund with an offshore component serviced by UMBFS’ alternative investments division, JD Clark & Company. The third client is receiving services from the company’s recently acquired Managed Account Solutions division.
Also during the third quarter,
The majority of CFA members (70%) believe a collapse of the the single currency in the Eurozone would be a disaster but a break-up of the Eurozone is unlikely (63%), according to a new survey conducted by the CFA on the eve of its fourth annual European Investment Conference in Paris.
Only 6% of respondents believe in abandoning the monetary union and returning to national currencies to alleviate the region’s woes, while 48% believe trend growth for Europe’s economies will not return until 2013-2014 at the earliest.
The survey was distributed to members of CFA Institute, the global association
Harneys has appointed former XXIV Old Buildings barrister David Herbert as head of the firm’s growing Cayman Islands litigation and insolvency team.
Herbert, whose appointment as partner and Head of Cayman Islands Litigation & Insolvency takes effect 1 November, has been associated with Harneys since 2003 and was seconded to the firm’s Cayman Islands office full-time in 2009.
Herbert is a Chancery barrister who has practised at leading offshore set XXIV Old Buildings since 2003. His primary areas of expertise are insolvency and restructuring, trust advice and litigation, and company and business disputes. Recently Herbert acted for Harneys in the
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