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BNY Mellon, the global leader in investment management and investment services, has agreed to sell a majority of its equity stake in ConvergEx Group as part of a definitive agreement for ConvergEx Group to be acquired by funds advised by CVC Capital Partners, a leading global private equity firm, in an all cash transaction expected to close in the early fall.
BNY Mellon agreed to sell the majority of its holding in ConvergEx Group while remaining a minority shareholder. Upon closing, the transaction is expected to enhance BNY Mellon’s capital position, adding approximately 15 basis points to the company’s Basel
AXA Private Equity, the leading European diversified private equity firm, and Tozzi Group, the industrial company have entered into a joint venture to invest in the Italian solar energy sector. The joint venture, TRE Solar S.r.l., acts as a holding company and invests in Italian solar farms.
The TRE Solar joint venture is the latest development of the long-term partnership between AXA Private Equity and Tozzi Group. The partnership was formed in 2007 to invest in renewables. AXA Private Equity will hold a 65% stake in the TRE Solar joint venture and Tozzi Group will own the remaining 35%.
Teachers’ Private Capital, the private investment department of the Ontario Teachers’ Pension Plan, has agreed to acquire a majority stake in Flexera Software from Thoma Bravo, LLC, a private equity firm. Terms of the transaction have not been disclosed.
The Chicago-based company develops comprehensive solutions – from software licensing, installation, entitlement management and delivery to software deployment and license compliance and optimisation – that play an increasingly strategic role in managing application usage at Global 2000 companies. Flexera Software’s growth has been fuelled by its ability to take advantage of emerging market opportunities such as intelligent device manufacturers’ increasing
It could be a long summer, argues PSigma Investment Management chief investment officer Tom Becket (pictured), with the European sovereign debt crisis and the political argument over raising the US government debt ceiling still unresolved. Unless these issues are tackled decisively, not even the sterling performance of the corporate sector may be enough to sustain the fragile market recovery of the past two years…
The last few weeks have been extremely testing for financial markets, once again ruining summer holidays, as fund managers nervously glance at their Blackberries under the disappointed gaze of their families. Recent summers have all proven
Despite being cautious on G5 growth, it’s difficult seeing value in bonds. Unless, of course tepid recovery rates are now relapsing into something more sinister, in which case, deflation-risk re-emerges and QE gets dusted off again. Neil Williams (pictured), Chief Economist, Global Government and Inflation-Linked Bonds at Hermes Fund Managers, discusses why any comparisons that liken now to the 2008-2009 crisis look premature…
Activity levels are still improving, China is growing strongly, Japan will reconstruct, and global inflation is rising. Thus, backing up Bernanke’s assertion that deflation is no longer a “non-trivial risk”, and the Fed is now in “…a
Bichot & Associes , the new corporate law firm dedicated to M&A/private equity, has advised Clément d’Harcourt, founder of the company AlbumBlog, on its second fund raising.
AlbumBlog manages the website www.albumblog.com, a leader in online virtual and interactive photo albums. The funds raised from the industrial investment holding Qualis, for a non-disclosed amount, will be used to support the development of AlbumBlog.
BICHOT & ASSOCIES’ team was led by Charles van den Broek d’Obrenan, partner.
Charles van den Broek d’Obrenan says: "Working with entrepreneurs is always very stimulating. We speak the same language. Anyway, AlbumBlog is a nice
Pan-Asian equities are at an inflection point this summer. The question everyone is asking is: have the Chinese authorities over-tightened, thus causing a hard landing in the economy, or have they finessed their tightening expertly and managed to create the much sought after ‘soft landing’. Rupert Foster (pictured), manager of the Matrix Asia UCITS Fund comments on why he is in the ‘soft landing’ camp…
I disagree with the bears who would point to the bursting of the property market bubble, stubbornly high levels of inflation creating fears of stagflation, and the likelihood of savage bad debt escalation after the
Arma Partners acted as exclusive financial advisor to Zeus Technology Limited (Zeus) on its sale to Riverbed Technology, Inc (Riverbed). Under the terms of the acquisition, Riverbed will pay approximately USD110 million in cash at closing and up to an additional USD30 million in cash based on the achievement of certain bookings targets over the following year.
Founded in 1995 and backed by Scottish Equity Partners (SEP) and DFJ Esprit, Zeus delivers high performance software-based load balancing and traffic management solutions for virtual and cloud environments. Zeus enables enterprises to deliver applications and websites with a consistently excellent user-experience, whatever
John Thomas Financial, an independent broker/dealer and investment-banking firm located in New York City’s Financial District, today announced its participation has raised USD40m in a private equity placement for Kadmon I, LLC, the investment vehicle for Kadmon’s operations, including Kadmon Corporation.
Kadmon, headquartered in New York City, is a privately held biopharmaceutical company pioneering medicines in oncology, infectious diseases, immunology and other serious diseases. The Company currently commercializes products for the treatment and management of hepatitis C and is advancing a robust pipeline of therapeutic candidates in various stages of development.
Proceeds from the equity placement will support Kadmon Corporation’s
Bound Tree Medical has acquired Alliance Medical, Inc (AllMed). The acquisition advances Bound Tree Medical’s initiative to provide its customers with leading-edge equipment, supplies, pharmaceuticals, and value-added services.
Alliance Medical is a specialty distributor of emergency medical services (EMS) products, supplies, equipment and clothing. Headquartered in Jefferson City, Missouri, the company serves customers in more than 30 states. Bound Tree Medical’s acquisition of Alliance Medical further extends its national footprint and expands its portfolio of specialty medical products to the EMS market.
“Our customers will be in good hands with Bound Tree Medical,” says Larry Dahl, founder and chief
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