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Amor Group, a business technology company backed by Growth Capital Partners (GCP), has made a strategic acquisition of FS Walker Hughes, a Manchester based specialist software business focused on the airport sector.
Amor provides products and services to the energy, transport and public sectors. This acquisition has increased employee numbers by 5% to 460 and forecast revenues for 2011 to GBP40 million. It forms part of Amor’s strategy to increase revenues to GBP70million by 2013 organically and via acquisition, as well as enhancing the firms existing software products.
FSW’s core product is an Airport Operational Database (AODB) called Chroma. The
Mid Europa Partners (Mid Europa), the largest private equity firm focused on Central and Eastern Europe, has agreed to acquire a 65% stake in Kent Hospital Group (Kent), a private hospital operator based in Izmir, Turkey. In addition, Mid Europa has entered into an agreement to increase its stake to up to 90% over time. The transaction is subject to customary closing conditions.
Established in 2004, Kent Hospital is one of the leading and most modern hospitals in southeastern Europe. Kent Hospital is a full service, 22,000 square-meter, 162 bed capacity medical complex, offering state-of-the-art diagnostic and treatment services. The
Castle Private Equity, the SIX Swiss Exchange listed fund of private equity funds, has approved a new distribution policy. The policy will enable the company to share realised gains with shareholders and has been initiated due to the strong recovery of the portfolio in the past two years and the company’s success in reducing its over-commitment levels.
The company is expecting to allocate up to half of its annual distributable gains to shareholders, to be distributed via share buybacks or capital repayments on an ongoing basis. Distributions of such gains are expected to occur over a one to three
Investors are increasingly looking to gold as a safe haven as the US Dollar, Pound Sterling and the Euro continue to devalue against stronger currencies such as those of Canada, Australia, Norway and Switzerland, says Angelos Damaskos (pictured), CEO of Sector Investment Managers and fund advisor to the Junior Gold Fund…
Sovereign debt problems in the developed world persist and continue to hamper economic growth. Quantitative easing is the easy solution but rising inflation creates a headache for central bankers.
Gold has now reached a new all-time high. Shares in gold mining companies are equities first and proxies for
The Honorable Susan Illston of the United States District Court for the Northern District of California on July 14, 2011 ordered former TPG Capital, LP (TPG) private equity associate Vinayak S Gowrish to pay in excess of USD112,000, consisting of USD12,000 in disgorgement (with interest to be calculated thereon) and a USD100,000 civil penalty, for his role in a serial insider trading ring.
Judge Illston also issued a permanent injunction against Gowrish enjoining him from future violations of the antifraud provisions of the federal securities laws (Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder). A
Total private equity deal values more than doubled in Q2, with a high number of secondary buyouts pushing this figure to EUR27.3bn – the highest total seen since the third quarter of 2007 – according to the unquote" Private Equity Barometer, which is published in association with Arle Capital Partners.
On a year-to-date basis, deal values are up by 59% on 2010 at EUR41.1bn, although activity levels are down 6% from Q1, with 253 deals completing compared to 269. Year-to-date activity levels are down by 11%.
Buyouts by value in Q2 jumped to EUR25.7bn, more than double the figure recorded
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
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