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A team from Guernsey is hosting a seminar next month to show a select London audience the attractions of relocating to the Island.
Representatives from Butterfield Bank, KPMG Channel Islands and Guernsey estate agents Swoffers are holding the event to show the benefits for both individuals and businesses of moving to the Island.
The seminar is titled ‘Guernsey, the right destination for you?’ and takes place from 5pm until 7pm on Monday 6th June at the London offices of Butterfield Private Bank.
Jason Woodhard (pictured), Business Development Manager at Butterfield Bank in Guernsey, says: “The aim of this seminar is
Thomas H Lee Partners has signed a definitive agreement to acquire Sword Insurance, a provider of software and services to the property and casualty insurance industry, from Sword Group. The transaction is expected to close next month, subject to regulatory approvals. Additional terms of the transaction have not been disclosed.
“We are very proud of the leadership position we’ve established in both the US and the UK,” says Steve Hauck, Co-CEO of Sword Insurance. “Much of our expanded geographic footprint, growing blue chip customer base and diversified product set is attributable to Sword Group’s support over the last year and
Bayside Capital’s portfolio company, DIAM International (DIAM), the leading global designer and manufacturer of high quality point-of-purchase (POP) displays for cosmetics, has acquired GDP and GDP Tunisia Tech.
Based in France and Tunisia, respectively, GDP and GDP Tech Tunisia are subsidiaries of Xeris SA and are specialists in the design and manufacture of POP displays and testers for cosmetics and perfumes. GDP employs more than 350 people in manufacturing and distributing its products to a diverse customer base that includes leading international cosmetics brands and specialty retail chains. The integration of GDP will allow DIAM to expand its global leadership
Praesidian Capital, a provider of mezzanine capital for small and mid-sized companies, has appointed Ben Marzouk as Managing Director.
"We are very excited to add Ben to the Praesidian team," says Jason Drattell, Founder and Managing Partner at Praesidian Capital. "He has had an accomplished career providing debt solutions and advisory services to middle market companies and brings with him wide-ranging risk and portfolio management experience across multiple industries."
Marzouk comes to Praesidian after two years as Founder and Partner of Mid-Market Credit Advisors, where he provided strategic and advisory services relating to capital raising, M&A and restructuring to private
Golub Capital as sole lead arranger, aloe bookrunner and administrative agent has provided a USD67.5 million GOLD financing to support the recapitalization of Chuy’s Holdings, Inc.by Goode Partners LLC. GOLD financings are Golub Capital’s One-Loan Debt facilities.
Based in Austin, Texas, Chuy’s operates 26 company owned restaurants located in Texas (21), Tennessee (2), Kentucky (1), Indiana (1) and Alabama (1). The Company prides itself on meticulous dedication to its "home-cooked" Mexican cuisine. Each restaurant conveys a laid-back, casual feel with a decor characterised by "if you have seen one Chuy’s, you have seen one Chuy’s."
"We are pleased to have
The recession and credit crunch took its toll on private equity investment companies, however, owing to recent strong performance, the private equity sector has bounced back. With the popularity of private equity investment companies seemingly on a steady rise, the Association of Investment Companies (AIC) has canvassed the opinions of managers to discuss the prospects for the sector in 2011.
Increasing value in underlying portfolios has contributed to a lift in the share price of many private equity companies; the average private equity investment company is up 23% over the last year, compared to a 12% rise in share
Open Ocean Capital, the early-stage venture capital firm led by investors who closed the USD1 billion sale of MySQL to Sun Microsystems (now Oracle) in 2008, has just closed its Fund Three with approximately USD60m (EUR40m) in capital in the first closing. The fund kicks off the first widespread outreach from the former MySQL team to founders and start-ups in Europe and beyond.
"With top level experience from product, community, and business development during the MySQL story, we are excited to offer start-up teams the funding and advice they need for embarking on a similar journey," says Patrik Backman (pictured),
Blue Wolf Capital Partners LLC (Blue Wolf), the New York-based private equity firm, has named Charles P Miller (pictured) as a partner. Miller will be based in Blue Wolf’s New York office and will be responsible for originating opportunities and managing portfolio companies. He will also serve as Blue Wolf’s Chief Compliance Officer.
Since 1997, Miller has been an equity partner at Patton Boggs LLP, a Washington, DC-based AmLaw 100 international law firm, advising institutional investors on mergers and acquisitions and other complex business transactions including financings, recapitalisations, restructurings and reorganisations. Since 2005, Mr. Miller acted as counsel to Blue
Preqin’s exit data shows that there have been 201 PE-backed exits valued at USD85bn in Q2 2011 to date. This is 5% higher than the record level reached in Q4 2010 when 325 exits with an aggregate value of USD81.3bn were announced. Deals have been particularly prevalent in Europe, with 82 exits valued at USD57.9bn taking place so far this quarter, double the USD28.6bn seen in the previous quarter.
The largest PE buyout-backed exit announced in Q2 2011 to date is the acquisition of Nycomed by Takeda Pharmaceutical Company in a EUR9.6bn deal; sellers include Nordic Capital, DLJ Merchant
Bay Grove Capital LLC, a principal investment firm based in San Francisco, has appointed David Brandes as a managing director. Brandes will be involved in all day-to-day activities of the firm and will bring his deep real estate expertise to new transactions and the existing portfolio.
Brandes joins Bay Grove after a nine year tenure at Shorenstein Properties LLC, a large real estate private equity firm that has sponsored funds totaling USD6.7 billion. As a principal at Shorenstein, Brandes was responsible for sourcing, negotiating and executing capital transactions within the Western United States. While at Shorenstein, Brandes executed over 30
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