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Atlas Holdings portfolio company RedBuilt, a leading supplier of engineered lumber products, has signed an agreement to purchase certain Standard Structures Inc (SSI) assets, such as equipment, raw materials inventory and intellectual property.
SSI, a leading manufacturer of glulam beams, I-joists and open-web trusses for commercial and multifamily roof and floor systems, plans to exit the engineered wood products business and restructure its remaining business around its core glulam product line. SSI’s president and CEO, Richard Caletti, cited extraordinary financial stress associated with the worst recession since the Great Depression as the cause in SSI’s Aug. 19 announcement.
“Standard Structures
Despite recent market conditions, the current investment environment makes dividend investing attractive for several reasons, says Fabian Degen, fund manager for dividend strategies, DWS Investments…
A relatively high dividend yield compared to bond yields which could attract further capital from bond markets to equity markets.
US companies are sitting on significant amounts of cash on their balance sheets and net cash flows are at a record high which could be a catalyst for further dividend payouts as well as increases in dividends.
The US tax rate on dividends will stay at 15% for the next two years making investors more
Following recent research from global investment banking group Baird, which showed that H1 2011 deals involving private equity firms had risen by 91.6% in value terms over H1 2010, further evidence of rising activity is emerging, says David Silver, Managing Director of Baird…
The trend is driven by the twin factors of buyout houses needing to realise profitable investments at attractive valuations, and corporates with healthy balance sheets looking to pursue growth opportunities after years of inactivity.
Baird has advised on five deals over the summer:
Kiwa, a certification company with inspection and lab operations, as well as training,
First State Investments has appointed Philippe Taillardat, who will co-head Infrastructure Investment Management Europe together with Danny Latham and work alongside Niall Mills (Head of Infrastructure Asset Management) and Marcus Ayre (Head of Infrastructure Transactions).
This latest senior addition to the team comes as First State plans to open its first continental European office in Paris and the First State European Diversified Infrastructure Fund (EDIF) approaches €600m in terms of client commitments.
Taillardat has 20 years of relevant experience in infrastructure and project finance, particularly in the energy sector. Since December 2010, he has been running his own consultancy
Split Rock Partners, a venture capital firm focused on software, Internet services, and healthcare has appointed Leo de Luna as a principal in its Menlo Park office.
De Luna will be identifying, evaluating and managing new later stage and secondary opportunities. He most recently served as a Vice President at Saints Capital, a firm specialising in secondary direct investments, where he sourced, executed and monitored various investments since 2005.
De Luna’s prior experience includes early-stage investing at Split Rock Partner’s predecessor firm, St Paul Venture Capital, technology investment banking at Lehman Brothers, and corporate development at Advanced Micro Devices.
International law firm Dechert LLP announced today that David A Vaughan has returned to the firm as a partner in the Financial Services Group. Vaughan left Dechert in March 2009 to join the US Securities and Exchange Commission’s Division of Investment Management, where he served for the last two years as the senior private fund policy adviser on all aspects of legal and regulatory policy related to private funds.
“We are pleased to have David back at Dechert,” says Joseph R Fleming, Co-chair of the firm’s Financial Services Practice Group. “His insight into the SEC will be of great value to
Venture capital firm Highland Capital Partners has appointed Sam Brooks a Principal in the firm’s European team. Brooks was previously with Insight Venture Partners where he led and was involved in several key investments including PhotoBox, OverDrive, Groupalia, Mentez, Studio Moderna, 3P Learning, Privalia, Beatport, PerTrac, Netsmart Technologies (sold to Genstar Capital) and Primavera Systems (sold to Oracle).
Having spent over six years in the growth technology market Brooks’ recent move to Europe provides a unique opportunity for Highland Capital Partners to add to their team. Brooks will be based in London and will work across Europe alongside Fergal Mullen,
AXA Private Equity has acquired a 20% equity stake in leading Facebook marketing agency, KRDS. Through its Innovation & Growth funds, AXA Private Equity’s investment will enable KRDS to reinforce its leading position in the French social networking market, hire new talent and grow internationally.
KRDS, founded in 2008 by four internet and social network enthusiasts, creates and develops successful social media applications. It has rapidly become a French leader in the Facebook application market and is a member of Facebook’s “Preferred Developer Consultant” program. This is a network composed of 85 agencies which are directly recommended by Facebook to
AFS Technologies, Inc.(AFS), a portfolio company of Argentum Capital Partners II, LP (Argentum), Garvin Hill Capital Fund LLC (Garvin), Ticonderoga SBIC, LP, and other institutional shareholders, have completed an equity financing led by Goldman Sachs & Co.
AFS is a leading provider of enterprise software solutions for the food and beverage market.
Kurien Jacob, Chief Executive Officer, and the senior management team will continue to lead the company following the investment by Goldman Sachs & Co. Harris Williams & Co acted as the exclusive advisor to AFS. The transaction was led by Jeff Bistrong, Derek Swaim, Sam Hendler and
Beringea, manager of the ProVen VCTs, has invested GBP750,000 into PolyTherics Limited, a solution provider to biopharmaceutical companies, for the improvement of protein and peptide based drugs, alongside existing investors Imperial Innovation and The Capital Fund.
The total round was GBP2.15 million. The funds will be used to apply the company’s proprietary polymer-protein conjugation technologies to an expanding range of proteins and peptides and to pursue new applications of these technologies.
Commenting on the deal, Stephane Mery, Beringea Investment Director, says: “PolyTherics Limited is one of the leaders in the biopharmaceutical industry and this is an exciting opportunity to
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