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Global private equity firm Advent International has entered into a definitive agreement to acquire shares representing 49.998% of MAXAM’s share capital, from Vista Capital and Portobello Capital.
The remaining 50.002% of the company’s share capital continues to be controlled by MAXAM’s management team, led by its Chairman CEO, José F Sánchez-Junco. The transaction is subject to regulatory approval as MAXAM operates in a regulated market. The deal value has not been disclosed.
MAXAM is the European leader and one of three global leaders in the civil explosives and initiation systems industry. The company is also active in the development,
Alliance Consumer Growth (ACG) has closed its debut private equity fund, Alliance Consumer Growth Fund, with USD40 million in committed capital.
The Fund will make investments in high-potential young consumer product and service companies. Founding partners Josh Goldin, Julian Steinberg and Trevor Nelson have overseen successful growth investments in the consumer sector for the past several years.
ACG also today announced investments in two category-creating companies: KAS Direct LLC, maker of the BabyGanics and PawGanics brands of safe and effective cleaning and personal care products; and The Honest Kitchen, the pioneering brand of dehydrated human-grade pet food.
ACG seeks to
Thierry Monjauze (pictured), Managing Director at Harris Williams & Co, comments on the announcement that Zagat is to be acquired by Google…
Google’s interest in local services and advertising (Local) goes back several years, but the related strategy has seen a number of false starts, both via internal initiatives and inorganic endeavours. There have been strong strategic merits for Google to be a meaningful player in Local but views on the appropriate avenue for attacking the market have varied.
The Zagat acquisition reinforces a continued desire to tap the significant Local market opportunity via relevant, searchable content (ratings, reviews, recommendations, etc.)
JP Morgan Private Equity Limited has completed a USD91.9 million (GBP56.5 million) all stock acquisition of Arch Cru’s ex-portfolio of 38 mid market buyout co-investments from the SPL Funds. Purchase price represented a 4.7% discount.
The SPL Funds will receive 65% of the Purchase Price through the issue of 44,727,053 new US$ Equity Shares and 35% of the purchase price through the issue of 30,410,753 New 2017 ZDP Shares.
The 44,727,053 new USD Equity Shares and 30,410,753 New 2017 ZDP Shares in the company have been admitted to listing on the UKLA’s Official List and to trading on the London Stock Exchange.
Evercore Partners has made further additions to its Private Funds Group continuing the team’s expansion into the Asia-Pacific region and strengthening its global project management capabilities, with the signing of an exclusive affiliation with Australia-based Phoenix Capital Advisory and the addition of Jennifer Band from the UBS Private Funds Group.
Over the past year, Evercore’s Private Funds Group has made significant progress in creating a global platform appropriate for today’s fundraising market and consistent with how industry trends are expected to develop, offering fundraising services across the traditional markets of the United States and Europe as well as the "emerging"
HIG Europe has acquired a significant equity stake in CTI, in conjunction with the merger between CTI and Maten. With turnover of nearly EUR135 million, the new group is now the leading independent industrial boiler maker in France specialised in the energy sector.
CTI specialises in the construction and maintenance of unique and complex parts primarily for companies in the energy sector. CTI is a world leader in the construction of high value-added parts for the nuclear industry, where it is active throughout the value chain (research, enrichment, production, recycling). CTI provides services to customers in France and abroad, mainly
Grove Street Advisors, a discretionary private equity investor with USD6.4 billion under management, has added Bruce Ou as its third Principal, following Dr Kiran Rao in 2009 and Philippe Schenk in 2010. Ou will focus on fund investment activities across sectors including fund due diligence, evaluation and monitoring.
Ou first developed strong corporate finance skills while working in Monitor Group’s M&A and Corporate Finance group for three years. Following that, Bruce gained experience in evaluating and monitoring managers during his two years as an Investment Associate with Grove Street Advisors before going to business school. Through a summer internship
Anne Dolan, a chartered secretary with Walkers Management Services in the Cayman Islands, argues that it is telling that in the recent case regarding the collapsed Macro Fixed Income Fund, which resulted in a USD111m judgement against the fund’s independent directors, significant weight was given to documentary evidence of board meetings and the way in which these meetings were conducted.
In the case of Weavering Macro Fixed Income Fund Limited (In Liquidation) vs. Stefan Peterson and Hans Ekstrom, the Grand Court of the Cayman Islands has handed down a useful judgement that throws the spotlight firmly on directors and the
Peter J Thomson (pictured) has become a cornerstone investor in the Conservative Consumer Credit Fund.
LC Advisors, a wholly-owned subsidiary of Lending Club, serves as the General Partner of the Fund, which invests in the two highest grades of 36-month consumer loans originated through the Lending Club platform. In addition, Thomvest, Thomson’s venture fund, has taken an equity interest in Lending Club alongside Union Square Ventures.
“Our philosophy is to embrace and promote innovation,” says Thomson, chairman of Thomvest and director of Thomson Reuters Corporation. “We believe Lending Club is a remarkable financial innovation: it creates a more
Albion Ventures has invested GBP1.5million in partnership with Welsh based developer, Infinite Energy, to fund the development of a single 500kWp Wind Turbine on a brownfield site near Ebbw Vale in Wales.
The investment will create a special purpose vehicle (SPV) which will be owned by Albion Ventures’ funds and Infinite Energy. The site in Wales will benefit from the Feed-in-Tariff regime and is expecting to generate its first electricity in January 2012. The installation is expected to create enough clean energy to power 325 households. Under agreement, most of the energy will be used onsite by a tile manufacturer,
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