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Private equity firm Graham Partners has sold Schneller LLC, a leading provider of highly-engineered, laminates for surfaces within commercial aircraft, to strategic buyer TransDigm Group Incorporated (Transdigm; NYSE:TDG).
Harris Williams & Co acted as the exclusive advisor to Schneller in the transaction. which closed on 31 August. 2011. The transaction was led by Jon Nemo, a managing director and head of the ADG Group at Harris Williams & Co, and Chris Rogers and Doug Kinard from the firm’s Aerospace, Defense & Government Services (ADG) Group, along with Brent Spiller from the firm’s Richmond office.
“We have known Graham Partners
The Avaloq group has acquired a majority stake in B-Source AG, a banking business process outsourcer (BPO) in Switzerland. BSI, part of the Generali Group and original founders of B-Source, will remain a minority shareholder and an important customer of B-Source.
According to Avaloq, the acquisition of B-Source means that the group has become the largest independent provider of comprehensive solutions for the execution of banking business. B-Source remains a legally independent entity forming part of the Avaloq group and will continue to operate under its own name. The Avaloq group will retain B-Source’s existing locations in Ticino, Zurich,
Baltimore-based Remedi SeniorCare has closed a USD300 million equity commitment from affiliates of New York-based Centerbridge Partners, LP, of which USD60 million was funded today. The investment will support the continued growth of Remedi’s customer-driven innovations, Paxit and My Remedi, as well as acquisitions and greenfield start-up pharmacies in new markets across the United States. Remedi’s founding investor, Sterling Partners, will continue to participate in the company’s ongoing growth.
Through the development and deployment of innovative technologies and web-based solutions, Remedi enables long-term care facility operators and providers to efficiently deliver optimal medication management and unequalled resident safety and
Equity markets have had a torrid time of late, buffeted by the headwinds of slowing economic growth, and the ongoing worries about the Eurozone sovereign debt crisis. However, amongst all the gloom there are still some bright spots, says Willem Sels, UK Head of Investment Strategy at HSBC Private Bank…
Lower valuations, healthy balance sheets, and low financing costs have enabled the M&A cycle to continue. High profile deals announced in recent weeks are evidence that every threat presents an opportunity. In our view the conditions remain in place for M&A activity to continue, which should be beneficial for markets
Innovation Works, an early-stage high-tech investment firm in China that invests in and coaches young entrepreneurs as well as providing complete services to help these start-ups, has successfully raised USD180 million.
The Innovation Works Development Fund (IWDF) is the first US dollar-based fund raised by the firm to be specifically focused on the Chinese Internet. This new fund was over-subscribed, validating Innovation Works’ early successes and reflecting continued global confidence in the future of Chinese Internet companies.
"Innovation Works has incubated and invested in about 34 project companies, and nine of them have successfully obtained sizeable Series A financing
F&C Investments, the London-listed GBP108 billion asset management group, has hired Stuart Hastie as an Associate Director with responsibility for business development in its Edinburgh-headquartered private equity funds team. Hastie’s role includes investor relations, fund raising and new product development.
Hastie joins F&C with 15-years experience in the investment and banking industries. Immediately prior to joining F&C he spent four years with Lloyds Banking Group as a relationship manager with responsibility for the origination and monitoring of private equity and loan funds. He has previously worked in project finance roles in New York for both ING and HBOS, having begun
The Isle of Man’s Department of Economic Development (DED) has announced a radical shake-up of Financial Services that will mean a more collaborative approach with industry and the creation of a new Public Private Sector promotional model allowing the sharing of resource and funding between all parties.
Working closely together the Chamber of Commerce and Government intends to create a new hybrid body to lead the development of the financial services sectors on the Island. The Government and private sector alliance will ensure that the sector can more effectively use the combined talents and resources of both industry and the
Seventy-eight per cent of all retail advisors are presently using alternative investments within client portfolios. According to a new report released this week by Cogent Research, the primary reasons that advisors are using alternatives are to further diversify portfolios (83%), manage risk (80%), or to achieve absolute returns (54%).
By contrast, far fewer advisors report using alternatives in an effort to deliver returns above a benchmark (20%) or for tax management purposes (19%). These and other findings are included in the 2011 Advisor Brandscape, an annual report based on a nationally representative survey of 1,643 retail investment advisors. A
LGT Capital Partners, the global alternative investment manager, has signed an agreement with HSH Nordbank AG to acquire EUR369 million of original commitments from 29 different limited partnerships focused on European small and mid-market buyout funds.
The portfolio is a strong complementary fit to LGT Capital Partners’ leading position in the European small and mid-market segment.
Ivan Vercoutere, Partner at LGT Capital Partners, says: “LGT Capital Partners’ strong coverage and knowledge of the European small and mid-market buyout space was instrumental in securing the acquisition of this high quality portfolio of assets. It confirms our leading position in this
Revolution Capital Group, a Los Angeles based private equity firm, has made a majority investment in the Capital Exchange, or CapXG, an interactive, web-based, networking site serving the financial community.
The company connects Investment Banks, Private Equity firms, Hedge Funds, M&A professionals and lending institutions all through a free, interactive networking site. This marks Revolution Capital Group’s third transaction since its founding in 2009.
"There has been a tremendous amount of technical expertise and research put into this site. We feel that with Revolution’s operational and business development acumen, CapXG will become a staple resource for the financial community,"
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