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Prominent investors are using the recent market turmoil as an opportunity to pressure private equity firms into changing the way they organise their fee structures. Sovereign wealth funds have been particularly vociferous about changing the traditional model of management fees of up to two percent. Mark Spinner (pictured), partner at international law firm Eversheds, comments…
The thorny issue of ‘excessive management fees’ has been around for a little while now and with some of the mega leveraged buy-out funds it is not hard to see why. A 2% annual management fee on a Fund of EUR6 billion amounts to a
Global venture capital firm Accel Partners has launched its Big Data Fund, a new USD100m investment initiative created to identify innovative entrepreneurs seeking to build category-defining companies at every layer of the Big Data stack.
Accel’s Big Data Fund aims to fund transformative companies throughout the Big Data ecosystem, from next generation storage and data management platforms to a wide range of revolutionary software applications and services, including data analytics, vertical applications, mobile, and many more. Accel Partners will manage its Big Data Fund across global offices in US, London, China and India.
"Big Data consistently drives innovation across our
Some 96% of private equity backed companies says that their private equity investors have improved or not affected performance, according to the BDO Corporate Finance’s 2011 PrIvate Equity Survey, which polls the views of Private Equity Houses and their portfolio companies.. The main reason cited was the expertise and support provided, followed by access to capital. Only 4% suggested that performance had been harmed.
The survey also found that 69% of respondents agree that the main focus of management over the last 12 months has been organic growth, while 75% predict that this will also be the main focus for
Bedell Trust is strengthening its presence in Mauritius with the launch of Bedell Management Services (Mauritius) Limited, a full service management company, providing corporate, trust and fund administration services. Its range of expertise complements the legal advice provided by Bedell Cristin (Mauritius) Partnership, which opened in November 2010 and has swiftly established itself in the region for its expertise in handling complex cross-border transactions.
Bedell Management Services (Mauritius) Limited will be led by Yuvraj Juwaheer (pictured), who has over 15 years’ experience in the global finance business sector. Juwaheer was a member of the Mauritian government steering committee set up
Dalfen America Corp has acquired Trinity Ridge Business Center, an eight-building industrial park totalling 234,000 sq ft, which was built between 1998 and 2007 in Cordova, Tennessee – an affluent suburb of Memphis.
In 2007, Trinity Ridge Business Center was acquired by DBSI Inc. for USD22.9 million. The property was foreclosed on last year and the loan servicer, LNR Partners, LLC, sold the property to Dalfen America Corp for USD7.2 million.
This property is the latest acquisition made by DAC’s most recent value-added industrial fund, the firm’s 17th real estate fund. Since its closing in February of this year, DAC’s
Private equity investors Warburg Pincus and GS Capital Partners are to acquire a majority stake in Endurance International Group, a provider of hosting and online services to small- and medium-sized businesses, from Accel-KKR.
Endurance’s current management team and Accel-KKR will continue to maintain an interest in the Company. Terms of the transaction have not been disclosed.
Since its founding in 1997, Endurance has grown to become one of the world’s leading providers of hosting and related online services for small- and medium-sized businesses – providing web hosting accounts to over 1.9 million unique customers, managing more than 7.7 million domains
Economic uncertainty is having an increasingly negative impact on the success of transactions and squeezing access to acquisition finance. Those are the key findings of the quarterly survey in October 2011 of the M&A panel polled by commercial law firm CMS Hasche Sigle and Finance magazine, comprising some 70 investment bankers and corporate M&A professionals.
While corporates consider that the uncertain macroeconomic climate is having only a moderate impact on acquisitions, acquisition finance and company sales, the effects seen by investment banks have been dramatic. Companies have observed a marked increase in the number of buyers withdrawing from purchases, and
Oragroup, the Togo-based regional commercial banking holding company with operations spanning six countries in West and Central Africa, has attracted a USD20 million growth equity investment from Development Finance Institutions (DFIs) BIO (USD7million) and PROPARCO (USD13 million).
This investment marks a major step in an ongoing focus on fundraising and growth expansion at Oragroup, led by pan-African private equity specialists Emerging Capital Partners (ECP). By the end of 2011 Oragroup will have raised in excess of USD85 million through a combination of debt and equity financing from a diversified investor base which includes local, regional and international investors, adding both retail
The third quarter earnings season in the US has turned out better than many initially feared. However, the challenges facing the corporate sector over the coming months are significant, and the likelihood is that the rate of profit growth will slow dramatically, or possibly go into negative territory, says William Sels, UK head of investment strategy at HSBC…
Analysts have started to downgrade their expectations for earnings growth but this process is probably far from over. Although valuations currently look undemanding, the current stage of the earnings revisions cycle may not prove to be a good time to tactically increase
Middle market investment bank Harris Williams & Co has advised GSO Capital Partners pin the sale of its portfolio company Stolle Machinery, LLC to strategic buyer Toyo Seikan Kaisha, Ltd. (Toyo Seikan; TSE:5901), for USD775 million.
The transaction closed on 3 November, 2011 and was led by Mike Hogan, Chris Williams, John Arendale, Jershon Jones and Karl Kirkeby from the firm’s Richmond office. Harris Williams & Co. acted as the advisor to Stolle, and was also the advisor to Stolle in 2008 in its sale to GSO.
“Stolle is the market and technology leader in the can-making equipment industry
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