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Avendus Capital (UK) Pvt Ltd, a wholly owned subsidiary of Avendus Capital Pvt Ltd, has appointed Roger Yeoman as its Head of Institutional Equities for Europe. In this role, Yeoman will support Avendus UK in expanding distribution for the broking and capital markets business of Avendus Capital Pvt Ltd.
Yeoman, who will be based in London, has over three decades of experience in global equities. He has spent most of his professional life at Morgan Stanley, where he last served as the co-head of its relationship management initiative for the combined fixed income and equities sales and trading business for
Manatron, Inc, a portfolio company of Thoma Bravo, has entered into a definitive agreement to be acquired by strategic buyer Thomson Reuters (NYSE:TRI). Harris Williams & Co is advising Manatron, with Garin Arevian and Rahul Swani executing the transaction from the firm’s Technology, Telecom & Digital Media (TTDM) Group in Boston.
“Manatron’s leading market position, high barriers to entry and growing recurring revenue base made it a very attractive acquisition target for strategic buyers, who are increasingly placing a premium on revenue visibility,” says Arevian, a director in Harris Williams & Co.’s TTDM Group. With over 70% of the
Simmons Parallel Energy Fund is on the hunt for new investments. The co-investment private equity fund, wholly focused on the energy sector, is now halfway through its lifecycle and is seeking to invest a further GBP17 million in the next two years.
With its investments in Xodus Group and Glacier Energy Services completing recently, the fund has now invested over GBP16 million since its creation in 2008.
Set up to make minority co-investments across the energy sector, the fund is searching for new opportunities in oilfield services, technology, development and production companies as well as technologies that enable the
According to a global survey published by Coller Capital, the world’s biggest investor in second-hand private equity interests, institutional investors are predicting that one in five private equity groups will disappear this decade. With large investors, including pension funds, fund of funds and insurers, becoming increasingly selective, Richard Moulton (pictured), head of private equity at international law firm Eversheds, comments on the future prospects for private equity investment…
“As is well documented, there are still substantial amounts of capital available to private equity funds as a result of the vast amounts raised before the financial crisis. The world has
CommScope has signed an agreement to acquire Argus Technologies, a leading producer of innovative antenna solutions for wireless applications. The terms of the agreement are not being disclosed. The acquisition is expected to be completed by the end of the third quarter of 2011.
Argus Technologies, headquartered in Bella Vista, New South Wales, Australia, provides a wide array of high performance, high technology antennas for base stations, stadiums and venues, and other wireless applications. The company has become a well-respected global competitor in the wireless network antenna market since its founding in 1994 by Dr Bevan Jones, John Bonello and
Competition for attractive targets in the M&A market has increased significantly. That is the key finding of this year’s second survey of the M&A panel polled by commercial law firm CMS Hasche Sigle and FINANCE magazine, comprising some 70 investment bankers and corporate M&A professionals. Most sectors are seeing stronger M&A activity than at the start of the year.
German companies continue to pursue expansion to achieve strategic objectives such as accelerated growth, broadening of their product portfolio, expansion into new markets and greater market share. Both corporates and investment bankers currently view these factors as being the key deal
Electra Partners today announces that it has extended its relationship with existing German investment partner, Steadfast Capital GmbH (“Steadfast”), by investing EUR26 million in a secondary investment in Steadfast’s second fund (“Fund II”).
Fund II is fully invested and comprised of five investments the largest of which are: FEP (automotive connectors); Kautex (specialist manufacturing equipment); and Falk & Ross (promotional clothing distributor). Electra Partners is looking to repeat the success it has had with the EUR36 million secondary investment it made in Steadfast’s first fund in 2008. At the time the fund comprised of 13 investments, the largest of which,
President Dmitry Medvedev has officially announced the launch of the Russian Direct Investment Fund. The fund’s management committee has been registered, its leadership appointed and preliminary reactions from international investors have been positive.
Over the coming five years the USD10 billion Russian government-backed fund will make direct investments in businesses and assets in high-growth sectors of Russia’s economy. In every investment it makes, the fund is mandated to co-invest with leading institutional investors or corporates – thus acting as a catalyst for flows of direct investment, new technologies and talent into Russia.
The management company of the fund has
Oddo Asset Management is stepping up its development and launching a dedicated M&A alternative management activity. This absolute performance strategy mainly consists of investing in companies which are takeover targets, taking advantage of the difference between the share price and the price offered by the buyer.
The fund was launched on 1 June, with the Oddo Group providing initial financing of EUR100m. The objective is to reach EUR300m in assets under management by end-2012, particularly from qualified European and Asian investors.
Guido Mundt, CEO of Oddo AM, says: "This launch is a perfect example of the synergies unlocked through the
East Capital Explorer AB has accepted PepsiCo’s buyout offer to purchase its holding in Wimm-Bill-Dann Foods OJSC, a leading Russian dairy and juice company. East Capital Explorer realised an annualised pre-tax return of 17.4% on its initial EUR 6.8m investment (39.7% pre-tax IRR when measured in the transaction currency USD).
Gert Tiivas, CEO East Capital Explorer, says: "We are pleased that our investment manager successfully executed this short-term investment opportunity in Wimm-Bill-Dann as means to maximize returns utilising cash awaiting deployment into other investments."
The buyout offer by PepsiCo was required in accordance with Russian law after it
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