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Composition Capital Partners has expanded its European deal team with the appointment of Danish national Julie Helweg as of 1 August 2011.
Helweg’s role within the team will be to manage existing investments within Composition’s Europe Funds I & II, and to undertake research & due diligence for the selection of new investment opportunities for Composition’s Europe Fund III. Julie makes her move to Composition from Property Group in Copenhagen where she was responsible for acquisition and management of commercial real estate in the Nordics. Prior to this, she spent time with McKinsey & Company in Denmark.
Composition’s European
Diamond S Shipping has entered into a definitive agreement to acquire 30 medium-range refined product carriers to add to its fleet of ten tankers under construction in Korean shipyards.
The 30 product carriers and related charters are being purchased from Cido Tanker Holding Co under a definitive agreement which is scheduled to close, subject to customary conditions, in this calendar quarter. The ten newbuild tankers, eight Suezmax tankers and two LR2 tankers, are being constructed by Hyundai Heavy Industries and Samsung Heavy Industries, with the first delivery scheduled for January, 2012.
Founding Diamond S investor First Reserve Corporation (Greenwich, CT)
A syndicate of xénos investors led by Graham Handley has made an undisclosed investment in Cardiff-based film and TV production group, All2gethr Industries, a group of production companies committed to micro-budget feature filmmaking and developing new media channels, such as gaming, mobile and the internet.
“All2gethr Industries is an exciting group of production companies with ambitious plans to develop, produce and distribute original and innovative micro-budget feature films. We were attracted to the Group because of its passion for innovation and the talent of its team,” explains xénos angel and syndicate leader, Graham Handley.
Commenting on the investment, John Shackleton, All2gethr’s
Private equity firm Warburg Pincus is partnering with The Mutual Fund Store to further expand and develop the US investment adviser’s operations.
Warburg Pincus will bring its investment and expertise to the company, which will continue to be run by founder and CEO Adam Bold and his management team. Terms of the transactions were not disclosed.
The Mutual Fund Store delivers independent fee-only investment advice to clients in more than 70 company-owned and franchised stores across the US and its nationally syndicated radio program, “The Mutual Fund Show”, which Bold hosts.
“We started The Mutual Fund Store more than 15
Private equity group GMT Communications Partners (GMT) has teamed up with MeetingZone’s existing management team to acquire the fast-growing independent conferencing and collaboration service provider, for a total consideration of GBP38.5 million.
MeetingZone generated revenue of GBP11 million in the financial year ending March 2011. The company has operations in the UK, North America and Germany, and is expected to grow turnover by more than 20% in the current financial year ending March 2012, in line with revenue CAGR of 20% recorded over the last three financial years, and significantly in excess of market growth.
MeetingZone, established in 2002 by
Despite the US edging closer to a bipartisan deal that would raise the country’s borrowing limit, Nigel Sillis (pictured), Director of Research, Fixed Income and Currency Team at Baring Asset Management in London, still believes it’s a case of ‘when’ rather than ‘if’ America’s credit rating is downgraded…
In the US, details of a tentative bipartisan deal that would raise the US government’s borrowing limit started to emerge over the weekend. If Congress doesn’t approve the federal government’s request to raise the ceiling on the amount of money it can borrow, funding will run out in early August – on
EDF Energies Nouvelles Réparties (EDF ENR) has entered exclusive negotiations with Perceva Captial with a view to sell its majority controlling stake in Supra SA (listed on Eurolist Compartment C), whose main activity is the design, the manufacturing and the distribution of heating appliances, notably with wood. EDF ENR currently holds 81.3% of Supra SA’s capital.
Perceva Capital’s objective is to support Supra SA’s strategic plan, aimed at consolidating the company’s market leading position, both in France and for export, upheld by Supra SA’s management team.
Perceva Capital has offered to acquire 58% of Supra SA’s shares from EDF
Tom Winnifrith (pictured), manager of the SF t1ps Smaller Companies Gold Fund, has described the proposed US debt ceiling deal as a “pathetic compromise which will not convince anyone and which must cause US debt to lose its AAA rating very soon indeed". And he predicts that this will help drive gold to USD2100 oz before Obama faces re-election in November 2012…
Under the proposed deal the debt ceiling will now be increased to USD17.7 trillion from today’s USD14.3 trillion. In return Obama will work out how to cut spending by USD1 trillion over the next decade and in December
Alara Capital, formerly Guggenheim Venture Partners, which was an affiliate joint venture of Guggenheim Partners, LLC, has spun into a new private equity and venture capital firm unaffiliated with Guggenheim.
The entire GVP team has moved to Alara Capital including managing directors Mike Burns and Eric Rothfus, who will lead Alara’s operations.
“We are grateful to Guggenheim for helping us start our first fund and for the firm’s help with the spin out and launch of new funds as Alara,” says Rothfus.
“Guggenheim has enjoyed its association with Mike and his team and we look forward to Alara Capital’s future
Proskauer has expanded its global Private Investment Funds Group and London office with the addition of Nigel van Zyl, Kate Simpson and Oliver Rochman as Partners.
Van Zyl and Rochman will join the firm from SJ Berwin, and Simpson will join from Kirkland & Ellis. They bring deep experience in the full range of matters related to the establishment and operation of private investment funds, and related investments and transactions.
“Nigel, Kate and Oliver are a tremendous complement to our private investment fund capabilities in London and around the world,” says David W Tegeler, global co-head of Proskauer’s Private Investment
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