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Alex Orus (pictured), CIO, Blue Diamond Asset Management, on the current ‘flight to safety’ prompted by the recent political and market turmoil…
The political and market turmoil has caused many investors to aggressively reduce or exit equity markets in favour of what the global media and investors call “safe assets” – for example, US treasuries, Swiss and German government bonds.
It is understandable that investors want to de-risk their portfolios as long as political leaders, in particular in Europe, are struggling to take any decisions that would make sense in the long-run. However, we believe that a “de-risking” of a
Novem Vermögensverwaltungs has sold Novem Beteiligungs (Novem) to funds managed by private equity firm Bregal Capital LLP.
Novem is a globally active manufacturer of high-quality decorative components and functional elements for vehicle interiors, with headquarters in Vorbach, Germany. As the world market leader for fine wood decorative components, Novem supplies renowned automotive manufacturers like Audi, BMW, Daimler, VW, Volvo, Range Rover, Maserati, Lincoln and Cadillac. The company’s revenue in the fiscal year ending March 2011 was more than EUR 270 million.
In 2008, financial investor Barclays Private Equity acquired the majority of Novem. As a consequence of a significant decrease
Hewlett Packard’s proposed USD10bn takeover of Autonomy signals a shift of focus from hardware to software for HP, says Tim Daniels, TMT Strategist at Olivetree Securities…
It would make perfect sense for one of the big database players to want to own Autonomy – the software is indeed unique and growing in importance. However, a takeout price would have to be large, potentially 2500-3000p to take the stock close to valuations US “peers” trade at. We don’t think Mike Lynch would recommend a sale below top dollar valuations, although once one move were made it would be very possible that counter
Andy Miller (pictured) has joined the Highland Capital Partners as a General Partner. Based in Highland’s Menlo Park office, Miller will work to partner with the most promising mobile and technology companies in the Valley.
Miller joins Highland from Apple Inc, where he reported directly to Steve Jobs and was Vice President, Mobile Advertising. At Apple, he headed up the iAd team, the mobile advertising network for the iPhone, iPod Touch and iPad line of mobile devices. Previously, Miller was the Co-Founder and CEO of Quattro Wireless, the mobile advertising company that was seeded by Highland and ultimately acquired by
3i, an international investor focused on private equity, infrastructure and debt management, has acquired a minority stake of newly issued shares in TouchTunes Interactive Networks, the world’s largest digital interactive out-of-home entertainment provider, for USD40 million. Current majority shareholder VantagePoint Capital Partners will invest an additional USD5 million. The total investment will support TouchTunes’ growth strategy and help bolster its product and service offering.
Founded in 1998, TouchTunes is the world’s largest digital interactive out-of-home entertainment network with 50,000 Digital Jukeboxes located in restaurant and bar establishments across North America. The company has recently unveiled its award-winning premier Digital Smart
Australian middle-market buyout manager Tasman Capital has selected Geneva-based alternative assets marketing firm MCAM Group to raise capital for the Tasman Capital Partners fund internationally.
The private equity fund’s target size is AUD200 million with a hard cap of AUD300 million, and will be targeting deals in the Australian and New Zealand lower middle market with an enterprise value under AUD100 million. Tasman Capital will focus on MBO/MBI transactions, turnaround investments, roll-up and aggregation plays and expansion capital as well as engage in public-to-private transactions on an opportunistic basis.
According to Tasman Capital’s co-founders, Gene Lorenz (pictured) and Rob Nichols,
James Hughes, Senior Market Analyst at Alpari UK, says the proposed Europe-wide financial transactions tax, announced this week and backed by Angela Merkel and Nicolas Sarkozy, will have a negative inpact on the City of London…
The proposed financial transactions tax isn’t a new concept and has been mentioned before – but only now has it been put forward as a plausible policy idea which explains the market reaction.
On the surface, the effect on the City of London is likely to be net negative because it will become more expensive to conduct transactions, which in turn means lower
Tianyi Medical Private Equity Fund has led a RMB250 million investment round in Asymchem Laboratories (Tianjin) Co, Ltd. (Asymchem). Tianyi Medical Private Equity Fund, a joint venture of Infinity Group and Tianjin Venture Capital (TJVC), focuses on investments in the biomedical industry. Tianyi Medical Private Equity Fund and TJVC co-invested RMB90 million.
Asymchem is an international pharmaceutical company which provides professional biotechnology services to help pharmaceutical companies to shorten the development period of new products and speed up the launching of new drugs. The main business of Asymchem is to develop, optimise, and manufacture raw materials, API as well as
The number of mergers and acquisitions during the first six months of 2011 (HY11) fell by 15% compared to the same period in 2010, according to Experian. The company’s latest mergers and acquisitions (M&A) and equity capital market (ECM – flotation, rights issue and placements) data has also revealed that the value of deals during HY11 increased – up 7% compared to HY10.
According to Experian, a total of GBP101.8 billion worth of transactions were announced in the UK in HY11. Rothschild was the best performing financial advisor by volume with 46 deals, while Citigroup was the highest by value
Pong Research Corporation, a specialist in science-based solutions that protect cell phone users from the potentially harmful effects of radiation exposure, has secured a capital investment by consumer-focused private equity firm Catterton Partners. The investment will be used to accelerate Pong’s global marketing and distribution growth, particularly in North America, Europe and China. Terms of the transaction were not disclosed.
Pong’s unique, patented cell phone cases are the only solution that has been proven in laboratories certified by the Federal Communications Commission (FCC) to redirect cell phone radiation away from the user while also protecting the cell phone’s signal strength. The
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