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Amakem has raised EUR18m with a syndicate of leading life sciences investors to advance its ophthalmology drug development portfolio and progress its lead candidate, AMA0076 for glaucoma, to clinical proof of concept.
The Series A round was led by Forbion Capital Partners and also included Crédit Agricole Private Equity, Vesalius BioCapital, as well as the existing investors LRM, PMV and Life Sciences Research Partners.
AMA0076 is a novel, highly potent Rho Kinase (ROCK) inhibitor for the treatment of glaucoma, a condition which damages the optic nerve resulting in vision loss and ultimately blindness. AMA0076 has been proven in preclinical
Global alternative asset manager The Carlyle Group has filed a registration statement with the US Securities and Exchange Commission (SEC) for a proposed initial public offering of its common units.
The number of common units to be offered and the price range for the offering have not yet been determined. Carlyle intends to use the net proceeds from the offering to repay indebtedness and for general corporate purposes, including general operational needs, growth initiatives, acquisitions and strategic investments and to fund capital commitments to, and other investments in and alongside of, its funds.
JP Morgan Securities LLC, Citigroup
Ashurst LLP has advised the Amundi group and its subsidiary Amundi Private Equity Funds, in relation to the sale of the secondary fund SGAM Al Kantara LP. The fund was sold to Abraaj Capital which has taken over the management of the USD161m fund as well as absorbing the 11 member Amundi investment team.
The transfer of the management of the fund was made by the Amundi group’s sale of its holding in Société Générale Investment Advisor (Tunisia) and Kantara Investment Limited (Jersey). Amundi also sold its holding in the Carried Interest vehicle, Kantara Carried Interest SLP (Scotland).
With five
The business of Brintons Limited, a global manufacturer of specialist woven carpets for residential and commercial premises, has been bought out of administration by Brintons Carpets Limited (Brintons), a new company set up by The Carlyle Group (Carlyle).
Brintons has received a significant cash investment from Carlyle as part of the transaction, which stabilises the business and allows management to re-position Brintons for a return to profit and future growth.
Carlyle’s investment will enable Brintons to implement its strategic plan to extend its international expansion. As a fully integrated and global organisation, Brintons will be better positioned to
Olympus Partners has recapitalised PLZ Aeroscience Corporation (PLZ) along with AEA Investors (AEA) and management.
PLZ is the leading manufacturer and marketer of specialty aerosol products in the US PLZ formulates blends, fills and packages more than 1,100 branded and private label consumable, staple products such as cleaning agents, disinfectants, air fresheners, polishes, adhesives, lubricants, insecticides and other industrial aerosol products. Headquartered in St. Clair, Missouri, PLZ has built a reputation for research and development expertise, superior customer inventory management and unmatched engineering excellence that allows PLZ to compete in both the short and high-run segments.
Manu Bettegowda of Olympus
Private equity fund Brasil Agronegócio FIP is to commit USD82m of fresh equity capital to acquire a majority controlling stake in a joint venture company with Agrifirma Brazil, Agrifirma Brasil Agropecuária Ltda (ABA). The two partners expect to obtain a listing for the shares of this jointly owned company on the Brazilian stock exchange in the next few years.
Approximately half of Agrifirma Brazil’s existing assets, including all its holdings of transformational land, are being consolidated into ABA, currently a wholly owned subsidiary of Agrifirma Brazil Ltd. FBA will invest R$130 million ($82m) for a majority controlling shareholding in ABA,
State Street Corporation has been appointed by Industriens Pensionsforsikring A/S (Industriens Pension) to provide investment analytics services for the fund’s private equity investments.
Industriens Pension is a leading Nordic investor in alternative investments. Across private equity, infrastructure and real estate Industriens Pension has invested in more than 125 private funds. Today’s announcement builds on State Street’s expertise of providing value-added solutions to the world’s leading institutional private equity investors.
“As we expand our alternative investment portfolios, we require a more robust and cost-effective administrative solution,” says Henrik Nøhr Poulsen, head of Equities at Industriens Pension. “Leveraging State Street’s complete investment
A total of 43,005,846 shares of Absolute have been tendered to HarbourVest Acquisition GmbH under the public tender offer published on 7 June, 2011 for all publicly held bearer shares of Absolute, with a nominal value of CHF 10 each (each, an “Absolute Share”).
The tenders amount to 98.68% of all Absolute Shares and voting rights issued and outstanding as of the date of this release.
John Toomey (pictured), Managing Director of HarbourVest, says: “We are delighted by this result and believe the high take-up by Absolute shareholders shows the fair value of our offer. The high level of
Liz Claiborne, Inc has agreed to sell its global Mexx business to a joint venture majority-owned by private equity firm the Gores Group, in exchange for 18.75% of the common equity of the joint venture and a total cash consideration of USD85 million.
The transaction is subject to working capital closing adjustments, which includes USD60 million of ABL facility debt that is expected to be assumed by the joint venture and refinanced at closing.
The Gores Group will own an 81.25% majority interest in the joint venture and has also committed to supporting the business through its ongoing turnaround.
The
Don Seymour (pictured), founder and managing director of DMS Management and former head of investment services at the Cayman Islands Monetary Authority, says last week’s judgement against directors of the Weavering Macro Fixed Income Fund, for failure to perform their duties adequately, was a long time coming – and that in future members of Cayman fund boards who fail to perform their duties and responsibilities properly will pay a heavy price…
It was bound to happen. There are more than 10,000 directors serving Cayman Islands funds – everyone from rank amateurs to serious professional firms – and fund governance has
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