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American Wind Capital Company (AWCC), an investor in wind royalties, renewable energy project real estate, and renewable energy projects, has acquired ON Wind Energy, LLC and several additional turbines (9MW in total), in Tehachapi, California., from Oak Creek Energy Systems, Inc. (OCES), a California based developer that is majority owned by Marubeni Corporation.
The transaction included a significant wind royalty cash flow. This is the second transaction between the parties; a previous deal was closed in 2010.
AWCC also announced a minority investment in Grant County Wind, a 20MW project in Minnesota in which AWCC partnered with Olympus Power.
The Jordan Company has signed a conditional agreement to sell 534.8 million shares of International Mining Machinery Ltd. (HKSE:1683) (IMM) for a purchase price of HKD8.50 per share to Joy Global Inc. These shares represent approximately 41 per cent of the issued share capital of IMM.
An affiliate of The Jordan Company, L.P. initially invested in IMM in 2006, and on February 10, 2010, IMM priced a 520 million share public stock offering at HKD4.88 per share.
Headquartered in Hong Kong with offices in Beijing and several other mainland China cities, IMM is a former state-owned enterprise that is a
HarbourVest Global Private Equity’s (HVPE) estimated economic NAV is USD902.3 million or USD10.91 per share, as at 30 June 2011. This is a 0.1% decrease from the 31 May 2011 estimated Economic NAV per share of USD10.92. This nominal change was driven by decreases in the value of publicly-traded holdings to 30 June 2011 (approximately S0.01 per share) and ongoing operating expenses (USD0.02 per share).
These changes were partially offset by increases in value for privately-held companies (USD0.01 per share) and positive foreign currency movement (USD0.01 per share).
In June 2011, HVPE funded USD20.4 million of capital calls to U.S.
The European Securities and Markets Authority, which succeeded the Committee of European Securities Regulators at the beginning of this year, has asked for industry comment on the advice it proposes to send to the European Commission on detailed implementation measures for the European Union’s Alternative Investment Fund Managers Directive.
The directive, on which the European Parliament, Commission and member states took more than 18 months to find agreement last November, was formally signed last month following a lengthy process of legal and linguistic revision and translation into the union’s official languages.
It was published in the EU Official Journal on
A consortium comprised of funds advised by Apax Partners (Apax), together with controlled affiliates of Canada Pension Plan Investment Board (CPPIB) and the Public Sector Pension Investment Board (PSP Investments), has entered into a definitive agreement to acquire Kinetic Concepts, Inc. (NYSE: KCI) for USD68.50 per common share in cash.
KCI is a US-based medical device company focused on the design, manufacture, marketing and service of therapies and products for the wound care, tissue regeneration and therapeutic support system markets.
The transaction is valued at approximately USD6.3 billion, including KCI’s outstanding debt. In 2010, KCI reported revenues of
HarbourVest Partners, LLC (HarbourVest), a leading global private equity firm, and HarbourVest Global Private Equity Limited (“HVPE”), a closed-end investment company,have increased their offer price for all bearer shares of Absolute Private Equity Ltd (Absolute) currently in circulation.
Absolute is an investment company located in Zug, Switzerland and listed on SIX Swiss Exchange (SIX). HarbourVest Acquisition is a special purpose vehicle which is to be held by HarbourVest-managed secondary funds, together with HVPE.
The Offer price is increased from USD17.25 to USD18.50 cash per Absolute share (the “Offer Price”). The increased Offer Price represents a premium of approximately
Wedge Partners has appointed Chris Crespi as a networking and communications equipment analyst.
"Chris adds a tremendous amount of knowledge, experience, and relationships to the Wedge research platform. We are excited to be joined by such a highly regarded industry expert," says Evan Morgan, CEO of Wedge Partners.
Crespi received his BSEE from the University of California at Davis, and then pursued a career as a design engineer at Avantek, Inc. and Hewlett Packard in the area of Microwave Electronics. After six years of designing components and subassemblies for various radar and communications systems, Crespi attended The Kellogg School
Cobalt Capital Partners, through its Cobalt Industrial REIT III affiliate, has acquired Dupont Business Center located in Ontario, California. This 111,890 square foot acquisition is Cobalt’s first investment in the Los Angeles market.
Located in the Inland Empire Submarket, Dupont Business Center was built in 2001. The property consists of two vacant 26-foot clear buildings with dock-high and grade-level loading. Cobalt plans to reconfigure and reposition this property for multiple tenant suites ranging in size from 15,000 to 111,890 sq. ft.
"This acquisition represents Cobalt’s initial entrance into the Los Angeles market. As a vacant property, it fits well
Mary McGuirke and Joel Haskins have been appointed as operations directors for Ipes in London and Jersey respectively.
McGuirke and Haskins will take a lead role in client relationship management and the delivery of operational excellence in their respective locations. They will work closely with locally based Managing Directors, Andrew Whittaker and Nigel Strachan, to whom they will report, and the client facing operational teams.
McGuirke has worked in financial services for over 20 years, holding senior roles at Santander, Capita Financial Group and Britannia Building Society. As Head of Private Equity operations for Capita’s Specialist Fund Services division, she
As the only industry in which investments continued to growth through the 2008-09 downturn, private equity and venture capital investors continue to be bullish about investing in Education companies, reveals a new report – the second edition of “Private Equity Pulse on Education” – from research firm Venture Intelligence, the leading provider of data and analysis on PE/VC and M&A activity in India.
Nitish Poddar and Aneesh Vijayakar of KPMG set the tone for the report in an article highlighting the opportunities and challenges facing Private Equity investors in Education. They point out how the demand-supply gap, higher spending by
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