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Morgan Stanley Private Equity has acquired EmployBridge Holding Co, a provider of outsourced human resource and specialty-branded temporary staffing services in the United States. Morgan Stanley Private Equity partnered with the current management team who will remain in place and hold a significant minority stake in the Company.
EmployBridge operates primarily under the ResourceMFG, ProLogistix and ProDrivers brands, providing skilled personnel to three specific industry verticals: specialty manufacturing, warehousing/logistics and transportation. Headquartered in Atlanta, EmployBridge operates in 30 states through 146 branch and on-site locations.
Aaron Sack, Managing Director of Morgan Stanley Private Equity, says: “EmployBridge stands out in the
Diamond Dragon Advisors Limited of Hong Kong, Shanghai and Sydney is has appointed Kyung W Kim as CIO, Fund Origination and GP Advisory Services.
As a Senior Managing Director, Kim will be on the Executive and Management Committees and will be located in the Hong Kong office.
Formerly General Manager of Tokyo-based Shinsei Bank, Kim played a key role in establishing the bank’s Alternative Investment program which invested in private equity and real estate funds and hedge funds for the bank’s balance sheet. Prior to Shinsei, she was an investment banker for Warburg Dillon Read and Morgan Stanley. She
Global private equity firm The Riverside Company has agreed to acquire Reima Oy, a leading children’s wear brand in Northern Europe, known for high-quality outdoor clothing, and selling under the brands Reima, Lassie, Tutta and Progress.
This acquisition will be the seventh platform for Riverside Europe Fund IV (REF IV), and is the 18th platform company in REF’s current portfolio. Riverside will acquire Reima from Finnish private equity firm Vaaka Partners and the management team, who will invest alongside Riverside in this transaction and remain with the company in their current capacities.
Reima is headquartered in Vantaa, Finland,
Lower middle market private equity firm RJD Partners (RJD) has completed the debt refinancing of portfolio company Chemigraphic Limited, one of the largest independent full service electronic manufacturing services providers in the UK. HSBC has provided the new debt facilities totalling GBP11million.
In late December 2010, RJD secured the management buyout of Chemigraphic by offering a full equity underwrite, thus providing certainty of delivery for the vendors and giving Chemigraphic the benefit of being able to negotiate the best possible debt financing package to support the company going forward. RJD and Chemigraphic selected HSBC from a number of competitive indicative
Virtus Real Estate Capital, a real estate private equity firm, has launched Virtus Student Housing, LP, its newest fund. Virtus is slated to acquire more than USD300 million in student housing interests in 2011 and 2012.
The new fund seeks to leverage and capitalise on demographic trends, increased student enrolment in colleges and the fragmented nature of the student housing asset class. The new Virtus Student Housing fund represents the 34th investment partnership from the firm.
“Our focus on investing in real estate asset classes whose demand is driven by major demographic trends has historically provided greater resilience to economic
National law firm Mills & Reeve has advised successful technology company, nanoTherics Limited, in relation to a new investment round of over GBP1 million. The investment was made by a syndicate of investors, including existing investor Mercia Technology Seed Fund, Advantage Enterprise & Innovation Fund (managed by Catapult Venture Managers) and a number of business angels.
Corporate finance solicitor Pippa Pearce led the Mills & Reeve team representing the highly innovative life sciences company, which develops and commercialises innovative magnetic nanoparticle based products in the gene therapy research market.
nanoTherics was spun out from Keele University in 2007
Sentinel Capital Partners, a private equity firm that invests in promising middle market companies, has appointed seasoned business development professional, Brian Davis, to lead and continue building its new investment sourcing efforts. Davis will oversee the coverage of investment banks and other advisory firms, as well as manage the direct sourcing efforts of the firm.
Before joining Sentinel, he was a partner and managing director at McColl Partners, a middle market investment banking firm, where he ran both the business development and financial sponsors groups, and led the creation of a direct sourcing model focused on private companies. Previously, he
Outsourcing is an increasing fact of life for the financial services industry in the Channel Islands, but local firms differ in their approach. However, industry participants agree that maintaining service quality is vital.
Guernsey’s outsourcing guidelines enables fund promoters to take advantage of the island’s regulatory regime without the island hitting capacity problems as a result of its population constraints, according to Joe Truelove, head of Channel Islands business development for Kleinwort Benson’s corporate fiduciary division.
“Outsourcing effectively provides greater capacity and scalability, in some cases, than would be possible if all functions had to be performed on-island,” he says.
Guernsey has received formal approval for its companies to list on the Hong Kong Stock Exchange (HKEx). HKEx’s Listing Committee has officially confirmed Guernsey as an acceptable overseas jurisdiction for the purpose of companies incorporated in the island seeking to list on the Exchange.
The decision was made at a meeting on Thursday 24th March and was announced through a statement on the exchange’s website earlier this week.
Carey Olsen corporate partner, Tom Carey (pictured), says: ‘This is fantastic news for Guernsey and for Guernsey Companies who want to access capital in the Far East. We hope that our success as
DN Capital has appointed Maria Molland as a Venture Partner. Molland is a veteran executive from the digital media space with fifteen years of experience. Most recently she was the Global Managing Director of Lipper and Digital Ventures for Thomson Reuters. Prior to that she was the SVP and Global Head of Strategy and Business Development for Reuters Media.
Prior to Thomson Reuters, Molland was the General Manager of Marketwatch and Barron’s Online for Dow Jones as well as the Head of Strategy and Business Development at Yahoo Finance.
Steve Schlenker (pictured), Managing Partner at DN Capital, says: "We
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