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The management team of Edmond de Rothschild Private Equity Select LLP (Select), led by David Seligman, has acquired the majority interest in Select held by La Compagnie Financière Edmond de Rothschild Banque SA (LCFR). This follows LCFR’s decision to reduce its commitment to private equity sponsorship, largely as a result of changes in the regulatory and market environment.
Select, which has changed its name to Seligman Private Equity Select LLP, will continue to manage private equity funds-of-funds, investing in small European buy-out and growth equity funds. This segment of the private equity market has out-performed historically, due to less competition, a
Lysanda, a leading vehicle technology developer, has closed on the first tranche of a GBP10 million expansion plan from a syndicate of investors including Disruptive Capital Finance and the Truell brothers Danny and Edmund.
Newly appointed Executive Chairman, Geoffrey Finlay, who invested alongside the syndicate and has an extensive background and expertise in building software businesses internationally, says: “Lysanda is extremely innovative and has ground-breaking patented technology which will play a transformational role in how vehicles are managed, driven and insured. The technology has been developed by an impressive team with strong technical know-how, and I look forward to being
American Capital and its affiliated funds under management have received USD12 million in equity proceeds, subject to customary post-closing adjustments, of which approximately USD7 million went to American Capital, from the sale of portfolio company Sixnet Holdings LLC (Sixnet) to Spectris plc for USD72 million. In addition to the equity proceeds, American Capital’s USD37 million senior debt investments were repaid in full.
American Capital originally invested in the recapitalisation of Sixnet in 2005. In 2007, American Capital and its affiliated funds under management invested in Sixnet to support the acquisition of BlueTree Wireless Data Inc., a leading supplier of machine
Charles Parkinson has been appointed as a director of the Legis Group. A non-executive chairman or director of a number of LSE or AIM-listed companies Parkinson’s specialism is commercial property and alternative investments. He is a board member of Bailiwick Investments Limited which has an interest in the Legis Group following the company’s management buyout completed in March this year.
Group managing director, Stuart Platt-Ransom, says: “Charles is highly regarded, with a wealth of experience and his appointment to the board further strengthens the Legis Group’s position as a best of breed independent.
“His track record in professional services and
Citi has expanded its private equity and real estate administration services with an extension of its end-to-end portfolio administration capability. This enhanced service provides private equity investors with a consolidated view of investments across multiple funds and administration agents, and supports the full suite of back-office operational activities to provide investors with improved transparency and risk management capabilities.
Private equity investors are facing an increasing burden to consolidate data, track returns and administer investments across multiple funds and administration agents. Responding to this need, Citi leveraged the Burgiss Private i and Private Informant tools through the Burgiss Group, an industry
Several of August & Debouzy’s teams advised Oerlikon Balzers Coating on the takeover of its vacuum thermal processing business in France by Bodycote, a global leader in thermal processes.
Oerlikon Balzers Coating, a world leading supplier of coating technologies that improve performance of mechanical components used in metal and plastic transformation, has recently sold its entire vacuum thermal processing business in France to Bodycote. The amount of the transaction remains confidential.
Oerlikon Balzers Coating is looking to focus on its core business in France.
Anthemis Holdings Sarl, the strategic investment subsidiary of Anthemis Group SA, has closed a EUR1.87 million round of new investment in Fidor Bank AG, a provider of online financial services and e-commerce banking solutions.
Formed in 2010, Anthemis Group invests in companies that leverage technology to build innovative and disruptive financial services businesses. Fidor Bank is reinventing banking with a more user-friendly, customer-centric and transparent approach that leverages modern web, mobile and social technologies making it a natural fit with our strategy and a significant addition to the developing Anthemis ecosystem.
Fidor Bank, together with its subsidiaries is a Munich-based
Heartland Bridge Capital, Inc (OTCBB:HLBC), a private equity firm focused on developing a portfolio of unique investments in emerging technologies, has made its initial funding of USD100,000 in biotechnology company HepatoChem, Inc, pursuant to a definitive investment agreement to provide up to USD400,000 of equity capital.
Headquartered in Cambridge, MA, HepatoChem is a privately held company that offers pharmaceutical and biotech companies a reliable and efficient means of accessing small molecule metabolites in quantities needed in the drug development process.
HepatoChem’s innovative technology uses biomimetic catalysts to mimic the metabolic function of the liver. This unique technology, developed in
Eurazeo has acquired 3S Photonics, a French high technology company, specialising in opto-electronic components. This second investment by Eurazeo Croissance, following its investment in Fonroche, is part of Eurazeo’s policy to support the development of French SMEs.
Eurazeo is purchasing the holdings of several investors, including those of Fonds Stratégique d’Investissement (FSI) for which 3S Photonics had been one of its first investments. Eurazeo also will be investing in a capital increase of 10 million euros to finance 3S Photonics’ growth, for a total equity investment of 37 million euros by Eurazeo. Following the equity increase, Eurazeo will hold close
Bridge Equities, a subsidiary of SunBridge Capital Management, has made a significant investment with FJ Capital Management, LLC.
FJ Capital manages equity investments in small and mid-cap banks and thrifts, with strategies that seek long-term capital appreciation and opportunistic returns.
The investment is designed to take advantage of additional investment opportunities in the community and regional bank industry. SunBridge is a private investment management firm supported by the Bainum family, a prominent Washington, DC family, whose previous investments include notable companies such as Choice Hotels International and Manor Care Inc.
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