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Burcote Wind’s management team has a proven track record in identifying and acquiring suitable sites for wind turbine farms, and developing them to planning permission stage. The company currently has options or exclusivity agreements over 11 sites, with a combined potential generating capacity of 495MW, capable of powering around 383,000 homes and equivalent to the output of a traditional coal-fired power plant.
In 2009, Hotbed members provided GBP3.3m of funding to Burcote Wind to identify, acquire and develop suitable sites. More sites were found than initially anticipated, and the further round of capital-raising will fund the development of the additional
Mutual fund and alternative investment service provider US Bancorp Fund Services, has appointed Chuck Gariboldi as vice president and fund accounting operations manager.
Gariboldi oversees daily operations for the fund accounting division at US Bancorp Fund Services. He also works closely with divisions throughout the company to ensure accounting operations and policies are consistently structured and resourced to meet evolving client and industry trends.
“Our goal is to find and retain the best talent in the industry. Chuck is a seasoned expert who brings an incredible amount of insight, best practices, and knowledge to our operations and clients,” says Dana
CFOs of private equity-backed businesses are increasingly optimistic about future growth in their company’s profits, according to a survey by Deloitte. Some 70% of CFOs surveyed stated that they were optimistic about profit growth over the next 12 months compared to 55% surveyed during the same period last year. Cost-cutting – the main priority for CFOs last year, fell down the list of priorities (11%).
The survey of nearly 60 chief financial officers of private equity-backed businesses was undertaken to determine their priorities for the year ahead and the likely sale plans for the business. Despite the resurgence in M&A
Paul Myners (pictured) has joined Cevian Capital, Europe’s largest active ownership fund manager, as chairman of its UK operations and a partner.
“For much of the last decade I have highlighted issues within the investment industry that have led to the proliferation of ownerless corporations," says Myners. "These issues include short-termism, overly-diversified portfolios, and a preference for investors to vote with their feet, rather than engage with companies. Over the last few years many institutional investors have become better owners of their companies, but there are structural challenges that constrain such behaviour.”
“I have held Cevian in high regard
Primus Power, a leader in grid-scale energy storage, has received USD11 million in its most recent round of financing. DBL Investors and I2BF Global Ventures joined existing investors Chrysalix Energy Venture Capital and Kleiner Perkins Caufield & Byers.
The funds raised complement existing grants from the United States Department of Energy (DOE), the Advanced Research Projects Agency – Energy (ARPA-E), and the California Energy Commission (CEC), and will be used to support continued development and commercialisation of Primus’ low cost, power-dense, distributed storage technology.
Energy storage is a key enabler of the emerging smart grid and reinforces the
Stirling Square Capital Partners (Stirling Square), the pan-European private equity firm, is to sell its majority interest in Metroweb SpA (Metroweb), the owner and manager of the fibre-optic network extending across the metropolitan area of Milan, to F2i, a leading Italian infrastructure fund.
Stirling Square acquired its stake in Metroweb in October 2006 from A2A S.p.A. (A2A) (Milan Bourse: A2), which retained a minority interest in the Company. Since then Stirling Square has worked closely with A2A and supported the management team in the delivery of Metroweb’s development plans. Under Stirling Square control, annual revenues and EBITDA have grown 25%
EQT Expansion Capital II has invested EUR 40 million, in a combination of equity and loans, to enable management to take over the majority of data centre builder Coromatic from private equity fund Litorina Kapital III.
EQT Expansion Capital II will work actively with management to further extend Coromatic’s market position n the Nordic region and to explore growth opportunities internationally.
Coromatic’s core business is the design and installation of high-end turn-key data centres with a special competence in ensuring uninterrupted operations, security solutions and cost efficient cooling. Coromatic also provides adjacent power products and services, such as uninterruptable power
A new Association has been launched this month in Jersey, Channel Islands, specifically focused on the requirements of company directors and officers operating in the island.
The Jersey Association of Directors & Officers (JADO) has been launched in response to a local need for the timely dissemination of news, information and comment on matters relevant to Jersey directors. Within this group dwells the Island’s wealth of experience and JADO intends to tap this source of knowledge for the benefit of the Island generally in terms of contribution to consultation processes, offering solutions as well as helping to maintain standards amongst the
Blackrock Alternative Investors espoused the virtues of alternative investments and the diversifying role they can play in institutional client portfolios in a May 25 presentation entitled: The role of alternatives in institutional client portfolios.
The three speakers included: Matthew Botein (pictured), MD and head of Blackrock Alternative Investors; Marcus Sperber, who heads up Blackrock’s international real estate business, and Ken Kroner, head of Global Market Strategies Group (GMSG).
Botein began by presenting the current market challenges being faced by investors and how alternatives can address them. With ever-declining bond yields and reflated asset prices, the opportunities that existed for pension
After being selected as the sole fund manager for the GBP94m Scottish Loan Fund (SLF or the Fund), Maven Capital Partners (Maven) has made a number of new appointments and opened an office in Edinburgh.
The fund was established by the Scottish Investment Bank to address the demand for finance from eligible SMEs, and has a focus on supporting growth and export businesses that have an established presence in Scotland.
In order to provide comprehensive nationwide coverage, Maven has opened an Edinburgh office, alongside its two long established Scottish offices in Glasgow and Aberdeen. This enlarged office network will ensure
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