Latest News
KKR Asset Management has announced the final close of its mezzanine fund, KKR Mezzanine Partners I, on August 31, 2011.
In total, the fund closed on over USD1.0 billion from a diverse group of global investors, including insurers, pension plans, family offices and sovereign pools of capital. Recent transactions include providing the mezzanine financing that facilitated Advent International Corp.’s and Bain Capital Partners’ acquisition of payment processor RBS WorldPay, Bain Capital Partners’ acquisition of chemical distributor IMCD Group and supporting the sale of Kroll Inc to Altegrity Inc, an international screening and security solutions company owned by Providence Equity Partners.
Octopus Investments has launched its latest Venture Capital Trust (VCT) offering. Octopus VCT 3&4 is a twin-structured VCT developed for individuals looking for the tax breaks associated with investing in VCTs, but with a strong focus on capital preservation and liquidity upon exit.
Octopus VCT 3&4 invests predominantly in companies from within the solar sector. This allows investors to gain access to stable and attractive revenue streams underpinned by the Government’s Clean Energy Cashback Scheme, which pays a subsidy or Feed-in Tariff (FiT), for ‘clean’ energy produced. The FiT gives 25-year RPI-linked subsidies for electricity generated by qualifying solar power
After languishing for years since the global financial crisis, a revitalised private equity sector has recently begun putting smiles on the faces of investors, fund managers, and consultants alike. Existing funds are being deployed, new ones are being raised, and investor allocations to private equity are inching upward.
In an effort to better understand the perspectives of private equity participants, SEI, in partnership with Greenwich Associates, conducted a survey of 411 private equity fund managers, investors, and consultants in Europe, the United States and Asia.
Results are being released as a three-part series. Part one, The Logic of Fund Flows,
Paymentus Corporation has received an equity investment provided by Accel-KKR, a technology-focused private equity investment firm. The investment will be used by Paymentus to accelerate development, drive growth, and enhance the footprint of its real-time payment network.
Paymentus’ unified, SaaS platform delivers enterprise bill payment, presentment and revenue management technology through a self-service model, simplifying, automating and streamlining the bill payment process. Processing more than 75 million customer transactions annually, the company’s next-generation platform provides real-time, multi-channel payment processing, and the industry’s fastest and most simplified implementation experience.
Founded in 2004 by one of the pioneers of the E-Payment/E-Presentment
Middle-market private equity firm Genstar Capital has completed the sale of its portfolio company Woods Equipment Company to Blount International, Inc. (NYSE: BLT) for approximately USD185 million.
Woods Equipment Company, headquartered in Oregon, IL, is a leading full-line manufacturer of high-quality attachments and implements, as well as a leading distributor of aftermarket parts. The company serves the agriculture, grounds care, and construction industries, as well as providing aftermarket parts. Woods serves a dealer network of agricultural, landscape, and construction professionals with products marketed under the brand names Woods, Alitec, Central Fabricators®, Gannon, Wain-Roy, WoodsCare, and TISCO.
The sale of Woods
The Greenwich Associates Credit Availability Index for mid-sized companies pushed into positive territory last quarter for the first time since the second half of 2007. Unfortunately, that long-awaited positive turn occurred at a moment when corporate loan demand appears threatened by new concerns about a flagging economy that could cause small businesses and mid-sized companies to put any expansion plans on hold.
Since approximately the mid-point of 2009, US companies have been telling Greenwich Associates a consistent story: Credit conditions are hardly favourable, but they are improving. Over that two-year period, the Greenwich Credit Availability Index has reflected a gradual
MyVideoRights, a leading UK digital rights management and monetisation company, has rebranded as Base79 and announced a GBP2.75 million funding round led by its principal investor, MMC Ventures. The Board and its existing angel investors have also participated in the funding round.
Based in London and New York, the company manages content for companies and artists including the Football Association, Mr Bean and Ministry of Sound, licensing this content to online publishers including YouTube, Hulu and Netflix. Base79 currently manages a network of content that generates over 375 million views per month.
The funding will be used to accelerate
HarbourVest Global Private Equity Limited’s estimated Economic NAV at 31 August 2011 is USD1,002.8 million, or USD11.05 per share, HVPE’s highest NAV since inception.
This exceeds the previous estimated Economic NAV peak of USD10.92 per share (recorded in May 2011), and represents a 2.9% increase from 31 July 2011 (USD10.74), a 14.5% increase from 31 December 2010 (USD9.65).
The increase from July to August was driven by increases in value for privately-held companies as the majority of HVPE’s direct and fund-of-funds holdings were re-valued to reflect 30 June 2011 results (approximately USD0.43 per share) and positive foreign currency
Jersey Finance has welcomed the news that the EU Code of Conduct Group has given its approval to Jersey’s proposed amendments to its business tax regime.
The Group met yesterday (13th September) and announced that they accepted moves made by Jersey to remove the deemed distribution and attribution elements of the ‘zero-ten’ regime – elements they had deemed harmful – in order to fully satisfy the Code’s criteria. It now remains for the Group’s decision to be ratified by ECOFIN in December, when the Polish Presidency comes to an end.
Geoff Cook (pictured), chief executive, Jersey Finance, says: “This is
David Silver is to succeed John Fordham as Head of European Investment Banking (EUIB) at Baird, an employee-owned, international investment banking, private equity, wealth, and asset management firm. Fordham will transition to the newly created position of Chairman of Baird International.
Silver will oversee all of EUIB in addition to his current role leading the firm’s Business Services banking practice in Europe. Fordham will work across the firm, further developing the firm’s presence globally, extending Baird’s platform to additional international clients and exploring opportunities in new geographies across the globe.
The leadership changes, which will take full effect January
Special Reports
Featured
- Insight
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
