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Praesidian Capital, a provider of mezzanine capital for small and mid-sized companies, has successfully exited its investment in CODi, Inc, a manufacturer and supplier of laptop bags and cases, mobile security devices and other IT accessories to major corporations.
In 2006, Praesidian provided USD5 million of subordinated debt financing for the recapitalization of CODi, Inc led by Pennsylvania-based private equity fund Milestone Partners and management. Praesidian exited its investment when CODi recently obtained financing from new senior and mezzanine debt providers.
“We are pleased to have supported CODi during this important time in its growth and development,” says Neil Marks
The European Union’s Directive on Alternative Investment Fund Managers will come into force on 21 July following its publication in the Official Journal of the European Union last Friday.
Perhaps not coincidentally, the publication of the directive – the last step before it become part of EU law – took place on the same day that the Ucits IV directive on cross-border retail fund distribution was due to be implemented by member states.
The directive received formal approval by the EU Council at a meeting of transport, telecommunications and energy ministers on 27 May, and it was formally signed in
The seemingly intuitive application of long-standing securities anti-fraud and anti-manipulation rules to the complex world of over-the-counter derivatives, particularly where derivative products intersect with the loan market, will affect trading practices and compliance rules at all institutions trading these instruments, according to Richards Kibbe & Orbe partners Julia Lu and Eva Marie Carney…
Before The Dodd-Frank Wall Street Reform and Consumer Protection Act, loan credit default swaps (LCDS) and loan total return swaps (LTRS) were outside the ambit of each of the Commodity Exchange Act (CEA), the Securities Act of 1933, and the Securities Exchange Act of 1934 and the
SUSI Partners AG has completed the purchase of a 3MWp photovoltaic power plant in Waregem, Belgium for the SUSI Sustainable Euro Fund I. The rooftop installation was built in 2009 by an established Belgian EPC with Sharp solar modules and SMA invertors.
Otto von Troschke (pictured), Chief Investment Officer of SUSI Partners AG, says: “This is a particularly impressive investment for our fund. Being one of the largest rooftop constructions in Belgium, we are quite excited to enter the Flemish PV market with this transaction.
"The power plant employs high quality components and has performed well above expectations. We executed
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
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