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Vivo Ventures, a healthcare investment firm with offices in Palo Alto, California, Shanghai, and Chengdu, China, has announced the final closing of Vivo Ventures VII (Vivo VII) at USD375 million, which brings the firm’s total funds under management to more than USD1 billion.
Vivo plans to invest the capital primarily in later development stage pharmaceutical and medical device companies in the US and in revenue stage healthcare companies in greater China. As an early entrant to the Chinese healthcare market, Vivo plans to continue assisting companies in both countries in their efforts to forge cross-border partnerships, enabling companies to acquire new
Probably the most impressive development in the investment universe in the last couple of years has been the dramatic growth in US corporate profits. The question is whether these record profits are sustainable because of the continuing crisis in the Eurozone, according to Paul Chew, Head of Investments at US equity specialists Brown Advisory.
The impact of the austerity measures on the EU economies could be severe. Nearly 50% of Eurozone GDP comes from government spending, which is almost double that of the US. As country after country in the Eurozone cuts spending further, the odds of EU GDP turning
Symphony International Holdings Limited has taken a stake in a boutique luxury leather goods brand, Maison Takuya, known for its hand-crafted leather products and accessories.
This new investment is in line with Symphony’s strategic focus on consumer-driven businesses, particularly in the Lifestyle, Hospitality, Branded Real-Estate and Healthcare sectors across Asia Pacific. The partnership with Maison Takuya provides Symphony with the ability to further capitalise on the rising consumer demand for luxury goods in the region.
According to Bain & Company’s “Spring 2011 Update: Luxury Goods Worldwide Market Study” conducted in cooperation with Altagamma, the flagship trade association for the
The Gores Group, a Los Angeles-based private equity firm, through an affiliate, has signed an agreement to acquire The Hay Group, one of the leading European manufacturers of high precision forged and machined components for engines, gearboxes and axles for the automotive, commercial vehicle and have not been disclosed.
The transaction is expected to close in February of 2012, subject to customary closing conditions, including receipt of regulatory approval.
Founded in 1925, The Hay Group is headquartered in Bad Sobernheim, Germany, and has nearly 1,600 employees between its three German manufacturing operations sites (Bad Sobernheim, Bockenau and Lüchow). Part of
Savena Group and Sfinc Group, the European providers of food ingredient mixes, have agreed to a merger of the two companies. The combination will nearly double the size of Savena, which will become Savena Sfinc, and significantly increase its geographic footprint.
The combined group will become a leading provider of food ingredient mixes in Europe. Both management teams have the support of their respective financial investor: IK Investment Partners (Savena), as a majority shareholder, and AXA Private Equity (Sfinc).
Savena and Sfinc design and produce ingredient-based culinary products for clients across Europe. Both groups have a robust growth track-record
Andrew Clark (pictured), chief index strategist for Thomson Reuters Indices and Lipper, draws on second-order variability analysis to predict which US sectors will decorrelate first, assuming the current market rally has legs…
In a recent Reuters article, Bill O’Neill of Merrill Lynch was quoted as saying, “Correlation and volatility are very high, and it is very difficult for asset allocators to diversify. Making tactical calls in this environment is a fearsome challenge.”
This article shows which US sectors will decorrelate first, assuming the current market rally has “legs”, and briefly addresses the related matters of volatility and tail risk hedging.
A Sun European Partners affiliate has signed an agreement to acquire ELIX Polymers, SL, a leading plastics business, from Styrolution.
Based in Tarragona, Spain, ELIX Polymers has more than 35 years experience in pre-coloured Acrylonitrile-Butadiene-Styrene (ABS) and ABS specialty thermoplastic resins which possess high impact and mechanical strength. These plastics are used in the manufacture of high-end consumer goods, consumer electronics, medical devices and automotive dash-boards.
The company delivers value to its customers by utilising state-of-the-art technology and environmentally safe processes to provide high-performance, innovative products. ELIX Polymers has a blue chip customer base of more than 300 clients across
Houston based private equity fund Sterling Group Partners III, LP, has completed the acquisition of the Liqui-Box Corporation (Liqui-Box) from DuPont. The acquisition is The Sterling Group’s third investment in its third fund, a USD820 million fund raised in 2010.
Liqui-Box is the twenty-first corporate carve-out in Sterling’s thirty year history and the fourth business Sterling has acquired from DuPont.
Headquartered in Worthington, Ohio, Liqui-Box is a leading supplier of bag-in-box flexible packaging to the global dairy, beverage and bulk food markets. Bag-in-box packaging is primarily used in the foodservice industry to package dairy mix for milkshakes and coffee drinks,
Funds advised by Apax Partners have entered an agreement to purchase 100 per cent of mobile phone operator Orange Switzerland from France Telecom Orange for approximately CHF2 billion (EUR1.6 billion). The transaction, which is subject to the approval of the Swiss competition authorities, will be submitted to the Board of Directors of France Telecom for approval during January 2012.
Orange Switzerland is one of the leading mobile operators in Switzerland with 1.6 million customers and the highest average revenue per user (ARPU) in the market. In 2010 it reported revenues of CHF1.3 billion (EUR1.1billion).
The mobile sector is a key
A partial break up of the Euro is inevitable, with Greece the most likely to default and leave the single currency in 2012, according to fund manager Managing Partners Limited (MPL). The Euro was always going to be tested in an economic downturn, for the same reasons the European Currency Unit was tested in the early 1990s, says Jeremy Leach, Managing Director of MPL…
How can the same fiscal policy decisions work for tier one countries such as Germany versus tier two countries such as Greece? The debts were always going to be too much for Greece to pay.
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