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Vision Capital has successfully completed its acquisition of 100% of Bormioli Rocco, the international glass and plastic packaging manufacturer.
Bormioli Rocco is part of a portfolio of investments that Vision Capital agreed to acquire from Banco Popolare, Italy’s fourth largest retail bank. The transaction was originally announced on 20th May 2011.
PwC has appointed Stuart McKee (pictured) to the role of corporate finance leader in the UK. McKee was previously responsible for the mergers and acquisitions business within corporate finance and has a background in the retail and consumer sector.
Neil Sutton, the outgoing leader, has taken on the role of chairman of corporate finance, focussing exclusively on generating and leading transactions, managing key clients and building the profile of the corporate finance business.
Further new appointments within the corporate finance business include Sean Williams to head of M&A and Ray Mills to head of infrastructure and government. Completing the leadership
Summit Materials has recently acquired Elam Construction, Inc, Grand Junction Concrete Pipe, Inc, Fischer Quarries, LLC, B&B Resources, Inc, Triple C Concrete, Inc, and Wind River Materials, LLC.
Elam Construction, based in Grand Junction, Colorado, is an aggregates, asphalt and paving business with operations across the Western Slope of Colorado. Grand Junction Concrete Pipe is an aggregates, ready‐mix concrete, precast products and pipe distribution company also based in Grand Junction and serves the Western Slope market. In conjunction with these acquisitions, Lane Bybee and Chase Vernieuw, both formerly with Oldcastle Materials, have joined Summit as President and CFO of
Berkshire Partners LLC, the Boston based private equity firm, and OMERS Private Equity Inc, the private equity arm of the OMERS Worldwide group of companies, have successfully closed their previously announced acquisition of Husky International Ltd. Based in Bolton, Ontario, Husky is a global supplier of highly engineered systems solutions and related aftermarket services and components for the plastics injection moulding equipment industry and the leading supplier to the PET preform packaging industry.
Husky’s global market position, technology leadership, commitment to delivering outstanding customer value, and integrated systems approach will enable the company to pursue multiple growth opportunities. Demand for Husky’s
Kohlberg Kravis Roberts & Co affiliate KKR Saudi Limited has received an Arranging License from the Capital Market Authority (CMA) to conduct business in Saudi Arabia.
The license will enable KKR to expand its operations in the region and it plans to actively seek investment opportunities in the Kingdom.
Ambassador Ford M Fraker, Senior Advisor and Chairman of KKR Middle East and North Africa, says: “We are very pleased to announce that KKR has been awarded an Arranging License from the Capital Market Authority (CMA) to conduct business in Saudi Arabia. KKR is the first global US private equity firm
Doughty Hanson & Co Real Estate, one of Europe’s leading private equity real estate investors, has sold Old George Mall (pictured) in Salisbury to a pension fund client of Orchard Street Investment Management LLP, for over GBP80 million.
Old George Mall comprises 137,000 square foot of retail space and a 565-space multi storey car park, forming the prime retail pitch in the centre of Salisbury, an affluent Cathedral City in South West England.
Doughty Hanson acquired Old George Mall in January 2009. Since then, Doughty Hanson has created value at the shopping centre through asset management, leasing and capital
Parthenon Capital Partners and Wells Fargo & Company (NYSE:WFC) have entered into a definitive agreement for Parthenon Capital Partners to acquire Wells Fargo’s HD Vest Financial Services business.
Following the transaction, HD Vest’s existing management team, led by Roger Ochs, will continue to operate the business. Founded in 1983 and based in Irving, TX, HD Vest provides independent financial solutions to over 1.8 million retail investors through an advisor base of over 4,800 securities-licensed tax professionals.
Ochs, says: “We are excited to partner with Parthenon Capital Partners to complete the purchase of HD Vest from Wells Fargo. As a standalone
David Miller, Partner at Cheviot Asset Management, believes that whilst austerity measures have been passed, this will not do much to soothe the nerves of investors, who will still be worried about how Greek voters will cooperate with the plans…
Rational investors quite rightly believe that Germany will use its financial strength to restore stability to the Eurozone and that when Greece defaults it will be in a controlled manner. Very similar to when JP Morgan bought Bear Stearns in March 2008. Avoidance of contagion was then, and is now with Greece, the main priority. Unfortunately investors are rather more
IPO proceeds in the United States surpassed USD10 billion for the third consecutive quarter, signaling the ongoing strength and attractiveness of the IPO market as an avenue to raise capital, according to US IPO Watch – a quarterly and annual analysis of IPOs on US stock exchanges by PwC US.
As of June 27, IPO proceeds in the second quarter reached USD11.9 billion compared to USD5.2 billion in the second quarter of 2010 representing a 129 percent increase in total proceeds raised. The same period also witnessed an increase in IPO volume to 47 IPOs compared to 41 in the
AXA Private Equity, a leading European diversified private equity firm, announces it has signed an agreement with Barclays for the acquisition of a USD740m (GBP460m) portfolio of limited partnership interests and co-investments in private equity buyout funds. The portfolio does not include any investments managed by Barclays Private Equity. The purchase price for these assets remains undisclosed.
This deal is AXA Private Equity’s second significant transaction in a month, following its USD1.7 billion acquisition of a portfolio of assets from Citigroup on 8 June. In 2010, AXA Private Equity’s Fund of Funds business invested over USD3bn mainly through its acquisitions
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