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Investec Specialist Private Bank’s Structured Property Finance division (Investec) has provided senior debt development finance to Pace Investments (Pace) to fund the construction of Botanic House in Cambridge, the first speculative development in the city for over 20 years.
The proposed 53,000 square foot office building, which is already under construction, is the first phase of development which includes offices, 165 apartments and 8,000 square feet of retail.
The office building is in a prime office location in the city centre close to the railway station. It will be ready for occupation in summer 2012 and will be finished to
Hotbed, the UK-based private investor syndicator, is conducting a GBP2.1 million further fund-raising for the new leisure industry business No Saints. No Saints was launched last year by Stephen Thomas, the founder of Luminar Plc, and is chaired by Mike Balfour, the founder of Fitness First.
The fundraising follows a successful rights issue that raised GBP1.8 million from current shareholders, and coincides with the opening of No Saints’ fifth venue and the first of its new concepts, ‘The Greene Room’ in Milton Keynes.
In May 2010, Hotbed investor members provided No Saints with GBP3 million of funding alongside a substantial
FF&P Private Equity, the private equity business of Fleming Family & Partners, has announced the first close of its third Club fund, FF&P Investor 3 LP, giving the firm additional capital of over GBP47 million to invest. The funds have been raised from 56 private and a single institutional investor and include funds provided by Fleming Family & Partners and its clients.
The new funds will be invested into growth companies by way of development capital or smaller buy-outs. The fund will make individual equity investments in the range of between GBP3 million and GBP10 million.
Investors in the
Vision Capital has acquired a portfolio of three companies from Paragon Secondary Partners LP (Paragon); the remaining investments in Paragon’s 2005 fund. This transaction marks Vision Capital’s first portfolio acquisition in Germany.
For this transaction, Vision Capital has partnered with Rubicon Partners (Rubicon), an industrial management and holding company with significant operational experience in the DACH region.
The companies are German-based ABL Technic (ABL) and Metallwarenfabrik Gemmingen (MG), and Swiss-based Swisshaus (Swisshaus). ABL is Europe’s leading provider of specialist paint stripping services to industrial plants; MG is an engineering firm with two divisions – Gensets, a niche manufacturer of power
Apex Fund Services has secured a USD30 million commitment from FTV Capital for a minority interest in the Company. FTV Capital, the first institutional investor in Apex, is a growth equity investor with extensive experience and a global network in the financial services industry, and especially asset management.
Apex has 23 offices worldwide, including Singapore, Shanghai, Dubai and Switzerland, and delivers global fund administration solutions to investment managers investing in traditional and alternative assets. Apex offers clients a wide variety of specialised and integrated products supporting middle and back office fund administration, complex derivatives, risk reporting and corporate secretarial and
Novethic is releasing the results of its survey on the integration of Environmental, Social and Governance (ESG) criteria in the private equity sector, conducted with the support of KKR and in partnership with the AFIC Sustainable Development Club, CDC Entreprises and FSI France Investissement.
Seventy-four firms representative of the private equity market in France took part in the survey, with total investments of more than EUR 2.8 billion in 2010. The results confirm the development of responsible investment in the sector. Private equity firms list practices that include ESG risk analysis and the gradual formalisation of an investment policy. However, ESG aspects are
Intel Capital, Intel Corporation’s global investment organisation, has made two new investments in Russian companies as part of its ongoing commitment to support technological innovation in the country.
Intel Capital announced it has led a round of investment in AlterGeo, geo-location social networks in Russia with underlined location identification technology. The investment funds will be used to continue developing new and innovative services, grow the business’ user base and build a local business customer acquisition platform in what is one of the fastest growing sectors in the region.
Intel Capital has also signed an agreement to invest in
The Association of the Luxembourg Fund Industry (ALFI) has announced the election of the new president, Marc Saluzzi, who takes up the rolls, which will run for two years, with immediate effect.
Saluzzi has been on the board of Alfi since 2001. He later joined the Strategic Advisory Committee and in 2009 he became Chairman of the ALFI Alternatives Committee.
Saluzzi brings over 25 years experience in the Investment Management Industry in Luxembourg and in the US. e is French and graduated from the Institut Superieur de Gestion in Paris in 1986. He then joined PricewaterhouseCoopers and became a
Nautic Partners, LLC, and Pamlico Capital they have sold their portfolio company MACTEC, Inc (MACTEC) to AMEC plc (LSE: AMEC) for a purchase price of USD280 million. Inclusive of prior distributions, the transaction will yield a return for Nautic and Pamlico of 2.7x their investments.
Headquartered in Alpharetta, GA, MACTEC is an industry leader in engineering, environmental, and construction services to public and private clients worldwide. MACTEC’s services include environmental planning, assessment and remediation, infrastructure engineering, water resources and construction support services. A broad range of high-quality, long-term MACTEC clients operate in the energy, commercial/industrial, transportation/infrastructure and federal sectors. The
Olswang has acted for the management team backed by Phoenix Equity Partners (Phoenix) on its investment in Karmarama, one of the UK’s fastest growing independent advertising agencies. This is the third investment by Phoenix’s GBP450 million 2010 Fund, which was raised in May 2010.
The investment made in Karmarama encompasses its associate companies, Kream and Kaper. Upon completion, Karmarama partners will jointly own the business together with the Phoenix-backed management team, advised by Olswang. Key figures joining the team include Adam Silver, who has been appointed as Corporate Development Director and Charles Watson, former CEO of Financial Dynamics, one of
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