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Sarona Asset Management, the manager of a number of private equity, impact investing funds, has officially established a presence in Europe and appointed Vivina Berla as a Senior Partner and European Managing Director.
Sarona Asset Management is based in Waterloo-ON, Canada, and is a co-founder and/or manager of a number of impact investment funds, including the Sarona and MicroVest groups of funds. Together, they represent over USD180 million in assets under management in emerging and developing country markets around the world.
With over 15 years’ experience in institutional and alternative asset management acquired at Merrill Lynch and Gartmore Investment Management in
Private equity investment firm ClearLight Partners is to sell 100% of Switchcraft Holdco, Inc to HEICO Corporation. Financial terms of the transaction have not been disclosed.
Founded in 1946, Switchcraft is a premier designer and manufacturer of high-performance electronic connectors, cable assemblies, and other value-added products and systems used in diverse applications in the global electronics industry. Headquartered in Chicago, Illinois, the Company operates state-of-the-art manufacturing facilities in Chicago, Illinois, Villa Park, Illinois, and Inchon, Republic of South Korea.
Jay Shepherd, Partner at ClearLight, says: “Keith Bandolik, Dave Dunmead and the other senior managers at Switchcraft have done an excellent
OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, has partnered with existing management to purchase GEDC Super Holdings Inc. (together with its affiliates, "Great Expressions" or the "Company") from affiliates of private equity firm Audax Group.
Founded in 1982 and headquartered in Bloomfield Hills, MI, Great Expressions is a leading dental practice management ("DPM") company, with 152 affiliated dental offices in seven states across the Midwest, South and Northeast. In the past three years, the Company has grown by adding and successfully integrating 79 offices through 10 acquisitions. With over 1,800 clinical and support
Atlantic Street Capital, a private equity firm investing in the lower middle market, has acquired Z Wireless, a retailer of Verizon Wireless voice and data communications services operating throughout the Great Plains.
Headquartered in Sioux Falls, SD, Z Wireless markets and sells a full suite of Verizon Wireless products and services from over 100 stores in nine Midwestern states. It is the largest operator of exclusive Verizon Wireless Premium Retailer stores in that region. In addition to wireless services, the company also sells a comprehensive mix of wireless devices, including smartphones, voice phones, tablets, and a broad range of accessories
dms Management Ltd (DMS), a fund governance firm serving the hedge fund industry, has opened a New York office, dms Management (USA) Inc, at 1230 Avenue of the Americas, 7th Floor, Rockefeller Center.
The New York office is headed by Kathleen Celoria, Executive Director.
"Our New York office aims to fortify our existing relationships with US stakeholders, many of whom are based in New York, and to facilitate our ongoing face-to-face interactions," says Celoria. "It will help make our governance work more accessible and transparent to the funds we serve and their investors."
The New York office will
Munib Ali, director at PwC, on the European Commission’s (EC) release of the Market in Financial Instruments Directive (MiFID) II proposals…
The EC’s release of the MiFID II proposals broadly mirrors the content of the December 2010 consultation paper. Despite the further clarity, firms will remain concerned about the substantial costs the regulation will impose and the detrimental effect on bottom line profitability.
The burdensome transaction and trade reporting requirements will squeeze trading margins, while proposals to move derivatives onto regulated venues and central clearing will make it more difficult for companies to sell bespoke solutions to clients. Enhanced collateral
Global buyout firm Advent International has opened an office in Bogotá, Colombia, extending its long-established presence in Latin America.
The office, Advent’s fourth in the region and 18th worldwide, will serve as a hub to invest in high-growth companies across Colombia, Perú and Central America.
“Given Colombia’s strategic location, prospects for continued growth and strong pipeline of investment opportunities, Advent believes it is an attractive market for private equity,” says Diego Serebrisky, an Advent Managing Director who is heading the Bogotá office. “Colombia has the fourth-largest economy and third-largest population in Latin America and a stable government, and its
Mid-market private equity firm Palamon Capital Partners has acquired a majority stake in QualitySolicitors, a leading UK brand of high-street solicitors for individuals and SMEs. Details of the transaction have not been disclosed.
QualitySolicitors was founded in 2009 with the aim of building a national legal brand focused on providing improved standards of service to individual customers and SMEs. The UK high-street legal market, which represents GBP10 billion in annual revenue, is highly fragmented with approximately 10,000 firms, the vast majority of which have less than 25 solicitors. The Company has rapidly built a network of 300 locations across the UK, comprising
Private investment firm Bain Capital has entered into definitive documentation to acquire Skylark Co Ltd, Japan’s leading family restaurant chain, from Nomura Principal Finance Co and other investors.
Bain Capital has acquired 100% of the company for an equity value of approximately USD2.1 billion (JPY160 billion). This transaction is one of the largest private equity purchases of a Japanese company, and the largest buyout in Japan in nearly two years.
Skylark, which began operations in 1970, has more than 3,600 outlets in Japan and overseas and about USD4.5 billion in annual revenues, making it one of the largest restaurant
Lithuania SME Fund managed by BaltCap, the largest private equity and venture capital investor in the Baltic countries, has invested in Impuls LTU, operator of the leading Lithuanian health and fitness club chain.
With eight gyms in Lithuania’s main towns, Impuls LTU will be the largest health club chain in the country. Impuls LTU operates only large format clubs the size of which ranges from 2000 sq metres to 6600 sq metres. Impuls clubs offer their clients main workout and cardio areas, group exercise classes and pools as well as additional products and services. The investment should support an aggressive
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