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Leading Generalist VCT Manager, Matrix Private Equity Partners has sold its investment in Original Additions, the market leading beauty accessories business which sells eyelash collections designed by Cheryl Cole and Girls Aloud, that it first backed for The Income & Growth VCT in 2004.
The sale netted 4.2 times the original GBP1 million invested, achieving a profit over the life of the investment of GBP3.2 million for the VCT, representing a gain equivalent to 8% of the VCT’s current NAV. The sale of the investment has no significant impact on the VCT’s latest announced NAV per share.
Original Additions, which
Ernst & Young LLP has appointed Herb Engert as the new Americas Leader of Strategic Growth Markets (SGM), its practice that provides services to entrepreneurial high-growth companies. He succeeds Maria Pinelli, who became Global Vice Chair of SGM for the Ernst & Young organization July 1, 2011, after serving as Americas Leader for five years.
Engert, 44, brings more than 20 years of experience in both public accounting and the private sector to his new role. Throughout his career, he has led a variety of transactions, including private and public debt and equity offerings, initial public offerings, and mergers and
The Ontario Teachers’ Pension Plan (Teachers’) has entered into an agreement for the acquisition of Babcock & Brown Gates Parking Investments LLC (BBGPI), which includes Imperial Parking Corporation (Impark), one of the largest parking management companies in North America. Terms of the transaction are not being disclosed.
Impark, headquartered in Vancouver, BC, currently leases or manages more than 2,000 parking locations, consisting of more than 400,000 parking spaces, in over 25 markets throughout Canada and the United States. BBGPI, a joint venture between Gates Group Capital Partners, a Cleveland-based private equity firm, and London-based Global Partners Fund, acquired Impark in
Subsidiaries of Funds advised by Apax Partners (Apax) have completed the acquisition of the Golden Jaguar restaurant chain in the People’s Republic of China.
Founded in 2003 and headquartered in Shanghai, Golden Jaguar has grown rapidly in recent years and now has multiple locations in Shanghai and Beijing as well as six other cities across China. The buffet-style restaurants serve China’s rising urban middle classes and offer their customers a huge array of Chinese and international dishes including limitless Haagen Dazs. Golden Jaguar also provides wedding banquet services to thousands of Chinese couples per year.
Located in shopping malls, department
Improving the quality of education and its accessibility remains a key goal for Britain and the world. As population figures rise and governments strive to build highly skilled economies, the education sector can offer an attractive proposition for private equity investors. According to experts at international law firm Taylor Wessing, investors in the education sector have seen solid performance to date and, with the right deals, can continue to enjoy stable cash flows in a volatile economy. Robert Fenner, Partner in the Private Equity Group at Taylor Wessing, comments…
The provision of services into the education sector is an area
Rutland Partners, the turnaround and restructuring investor, has made the simultaneous acquisitions of Laidlaw and the interiors manufacturing division of SIG plc (SIGIM). Rutland is investing alongside John Jefferies, CEO of Laidlaw.
Laidlaw is the UK’s leading supplier of architectural ironmongery, doorsets, handrail and balustrading systems into the UK construction market. SIGIM includes the leading brands in commercial doors and partition systems, Leaderflush Shapland and Komfort respectively, and the Cubicle Systems washroom and Tufwell Glass businesses.
Jefferies, the owner of Laidlaw, is rolling his investment in the firm into the new group, which will be called Laidlaw Interiors Group and
Tripp Kyle has joined Brunswick Group as a Partner in the firm’s New York office. Kyle joins from Finsbury Group, where he played a pivotal role in building the firm’s New York office and its alternative investment management practice.
At Brunswick Kyle will focus on advising clients in the financial services sector, including asset management and alternative investment companies, such as hedge funds, real estate investment and private equity firms. He will also provide counsel to corporate and investment management clients on shareholder activism and corporate governance campaigns, as well as mergers and acquisitions, restructurings, and special situations.
“Tripp will
Venture capital investment is having a direct impact on job growth, which in turn is spurring strong demand for commercial properties, according to a new whitepaper, entitled Insights: Commercial Grows Where the Venture Capital Flows, just published by Cassidy Turley, a leading commercial real estate services provider.
During the past 12 months, many of the nation’s top performing office markets – including New York, Boston, San Jose and San Francisco – were also among the most active in terms of venture capital investment. These markets are expected to continue to see the strongest levels of growth in office demand
Charlotte-based private equity firm Falfurrias Capital Partners, has signed a definitive agreement to sell its ownership interest in Bojangles’ Restaurants to Advent International, a global private equity firm based in Boston.
The transaction, which is expected to close later this summer, comes nearly four years after Falfurrias acquired the Southeast-based quick-service restaurant chain in September 2007.
"We are grateful for the incredible support Falfurrias has given us over the past four years, which helped Bojangles’ become the fastest-growing, free-standing quick service restaurant concept in the country," says Bojangles’ President and CEO Randy Kibler. "We are also excited by the prospect
Dalkia Polska, the Polish district heating business owned by global investment manager IFM, has signed an agreement following the privatisation of an 85% stake from the City of Warsaw in Przedsiębiorstwo Stołeczne Energetyki Cieplnej (SPEC SA) – the largest district heating network in the European Union. This privatisation falls on the one year anniversary on which IFM increased its investment in the Dalkia Polska business to 40 per cent.
This privatisation increases IFM’s investment in the regulated district heating sector in Poland which will make Dalkia Polska the pre-eminent district heating providers covering three of the four largest cities.
Dalkia Polska
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