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Aureos Capital Limited’s Emerge Central America Growth Fund (EMERGE) has provided Mayaland Villas Inc, owner of Ka’ana Boutique Resort in Belize (pictured), with a facility to expand its operations.
Aureos is a leading private equity fund management company specialising in investing in small and medium sized businesses in emerging markets. This is the ninth investment for its EMERGE fund.
Ka’ana is ranked as the number one hotel in its region by TripAdvisor and was a TripAdvisor Travellers’ Choice 2010 Romance Winner for Central and South America. The hotel, which currently has 15 rooms, is Belize’s first Small Luxury Hotel
Monument Capital Partners (MCP), an Indianapolis-based private equity fund, along with partners John Campbell and Joe Mansfield have completed the sale of Separators, Inc to a strategic buyer.
Located in Indianapolis and founded in 1985, Separators, Inc., specializes in servicing and remanufacturing industrial centrifuge equipment used in various industries including: dairy, beverage, bio-med, edible oil, pharmaceutical, meat rendering and industrial fluids.
MCP acquired Separators on June 14, 2005 with John Campbell, and Joe Mansfield. Campbell has served as CEO and Mansfield has served as COO/CFO since the acquisition. Both will continue in their roles with the strategic buyer.
“Separators
AirAsia X, the long haul low fare affiliate of AirAsia carried 0.64million passengers in the first three months of 2011, an increase of 56.5% over the same quarter in 2010.
AirAsia X, which currently operates on nine Airbus A330s and two Airbus A340s, added six new routes in Q1-2011 versus Q1-2010: Mumbai, Delhi, Tehran, Seoul, Tokyo, and Paris. Its aircraft fleet size also increased from 8 to 11.
In terms of passenger traffic, AirAsia X grew by 59.8% to 3.6 billion Revenue-Passenger-Kms (RPKs) for Q1-2011, making it the second largest low-cost carrier in Southeast Asia, after AirAsia Malaysia. It’s capacity
Carey Olsen senior associate David Crosland (pictured) was called to the Guernsey Bar last month having passed his Bar exams to become an advocate of the Royal Court of Guernsey.
Crosland is a member of Carey Olsen’s corporate group where he undertakes a wide range of corporate transactions, with a particular focus on private equity, and the launch, administration, restructuring and listing of both closed and open-ended investment funds. As well as private equity funds, he has advised funds listed on the LSE, AIM, Euronext and the CISX.
Prior to joining Carey Olsen in 2007, Crosland trained at Clifford Chance
Kohlberg Kravis Roberts & Co, through investment funds and accounts managed by KKR Asset Management LLC (KAM) will make an investment in Australian recycling group, CMA Corporation Ltd (CMA).
CMA has been in voluntary suspension since February 2010 and the company has been undertaking a capital structure review. CMA and KAM have been in discussions since December. KAM, on behalf of its funds and accounts, made its first investment in the company in March 2011 when through a secondary purchase, it became the largest holder of the company’s Syndicated Facility Agreement.
This new investment is part of a restructuring proposal
JD Byrider, the Indianapolis-based leading used car sales and finance business, has been acquired by private equity firm Altamont Capital Partners (Altamont).
With a long-term investment horizon, Altamont will provide strategic direction, experienced resources and additional capital to support the company’s growth and franchisee expansion initiatives. The acquisition of JD Byrider is Altamont’s first investment from its USD500 million inaugural fund, which closed late last year. The firm is focused on acquiring and building middle-market businesses across a range of industries.
JD Byrider’s current President of Franchising Steven E Wedding will assume the role of CEO, and the JD Byrider
A joint venture formed by Cerberus Capital Management and Chatham Lodging Trust has been selected as the winning bidder in the bankruptcy court auction related to 64 Innkeepers USA Trust hotels. Under the terms of the winning bid, the newly-formed joint venture agreed to purchase the hotels for a total purchase price of approximately USD1.125 billion, including the assumption of debt.
"We are pleased that our joint venture with Chatham Lodging Trust has been selected as the winning bidder for most of Innkeepers’ hotels," says Tim Price, Managing Director and spokesperson at Cerberus. "Our ability to work with Innkeepers founder
Plymouth Management Company (PMC) has mad a third investment – via Plymouth Venture Partners Fund II – in Lynx Network Group of Kalamazoo, Michigan.
Lynx Network Group is a full service telecommunications company specialising in advancing high-speed next generation infrastructure in tier two and tier three markets where traditional infrastructure is not capable of meeting demand. The company is currently constructing 1000 miles of fibre optic network infrastructure throughout Michigan for the purposes of connecting businesses, organisations and wireless service providers that demand resilient and ultra-fast infrastructure.
The fibre optic network project will connect communities throughout the Northern,
Kingdom Zephyr Africa Management Company (“Kingdom Zephyr” or “the firm”), the pan-African private equity firm, has opened a new office in Lagos, Nigeria.
The expansion of Kingdom Zephyr’s activities into Nigeria, Sub-Saharan Africa’s most populous country and second largest economy, is seen as an important strategic move for the firm. According to the IMF, Nigeria will be amongst the world’s top 10 fastest growing economies between 2011-2015, exhibiting a compound growth rate of around 7%.
The opening of Kingdom Zephyr’s Lagos office extends the firm’s local African reach and enhances Kingdom Zephyr’s ability to source deals in West and Central
Both North America and Europe are expected to see significant growth in their domestic private equity markets, according to the newly released Transatlantic Private Equity survey conducted by mergermarket and Duff & Phelps, the financial advisory and investment banking firm.
In late 2010, Duff & Phelps commissioned mergermarket to interview private equity practitioners from the US and Europe regarding their outlook for buyout and exit activity in the upcoming year. Respondents provided insight into their forward-looking plans, strategies and expectations for the transatlantic private equity market.
Private equity groups are entering the next 12 months with renewed confidence and high
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