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International Financial Centre law firm Walkers has made a series of senior management changes within the firm’s global group.
With the forthcoming retirement of Global Chairman Wayne Panton, who has been an attorney with Walkers since 1988 and a partner with the firm since 1997, this key strategic role is to be taken on by current Global Managing Partner Grant Stein (pictured), with effect from 1 July 2011. The move into the role of Global Chairman dovetails neatly with Stein’s recent involvement in international regulatory matters, particularly his work in the formation of the International Financial Centres Forum (www.ifcforum.org),
Steve Belgrad (pictured) is leaving his role as Chief Financial Officer of HarbourVest Global Private Equity Limited to take up a senior position in the asset management sector. His resignation is effective 31 May 2011.
Sir Michael Bunbury, Chairman of HVPE, says: "I would like to thank Steve for his significant role in the development of HVPE over the last three years. He has helped steer the Company through an eventful period, and we are grateful to him for his valuable advice as Chief Financial Officer. He leaves with our best wishes for the future".
Steve Belgrad, outgoing Chief
Impetus Capital is investing in Audience Entertainment, the New York-based developer of a proprietary interactive platform that provides innovative marketing and advertising experiences. Co-owned by industry leader YDreams, the Company employs pioneering digital technology which enables audience participation in "Kinect" games sponsored by major advertisers in a mass consumer setting.
"Advancements in digital technology combined with transformational shifts in media and entertainment is providing considerable opportunities for companies such as Audience Entertainment," says Founder and President of Impetus Capital, Patrick Persons. "Audience Entertainment is a wonderful example of a small business that is posed for significant growth and yet typically
Clearspring Technologies, Inc, provider of the largest social content sharing platform AddThis, has closed a USD20M series D round of funding led by Institutional Venture Partners (IVP), alongside Clearspring’s existing investors. IVP has funded some of the fastest-growing, data-driven online companies including Twitter and Zynga.
This investment comes amid a period of continued, significant growth for Clearspring as a company, as a platform and as a provider of real-time interest data on Internet audiences. The funding will be used to accelerate Clearspring’s next-generation publisher products and continued growth of its advertising offerings, as well as to help fuel strategic
Harris Williams & Co has advised Cogent Healthcare, Inc over its merger with Hospitalists Management Group, LLC (HMG), a portfolio company of AEA Investors LP (AEA). The transaction closed on May 4, 2011.
The transaction was executed by Turner Bredrup, Cheairs Porter, Andy Dixon, and Dusty Lieb from the firm’s Healthcare & Life Sciences (HCLS) Group.
“The hospitalist sector is the fastest growing medical specialty in the US, and we continue to see strong M&A deal flow in the space as hospitals seek to more effectively manage risk within the post-reform environment and Accountable Care Organizations (ACOs)," says
A return of the sellers’ market, and increased deal flow – these are among the headline findings of the CMS European M&A Study 2011 launched today.
The study analyses exclusive data compiled from more than 1,000 of its own M&A deals since 2007, including some 300 deals in 2010 alone. The Study shows a clear shift back toward sellers, following last year’s significant swing toward buyers.
“During 2010, we saw a 25 per cent increase in the number of M&A deals compared to 2009, a trend which is continuing into 2011,” said Thomas Meyding, Head of the CMS Corporate
Independent fund administration company Apex Fund Services is to open its first office in Australia. The Apex Sydney office has been launched following the acquisition of Lazorne Fund Administration Service from Lazorne Group Pty Ltd.
Apex also intends to open an office in Melbourne during the second half of this year which will be a specialist independent administration business aimed at servicing superannuation funds. Apex intends to grow its Australian offices to 100 people within five years.
Under the terms of the acquisition, Apex will begin providing fund administration services to Lazorne’s existing investment managers and at the same time
Octopus Investments has hired Simon Reynolds into its Multi Manager team. He will be working alongside fund managers Colin Lunnon and Bish Limbu and will be adding to the idea generation and research process across all asset classes. He will gradually take over some of the day to day portfolio management responsibilities in support of Colin and Bish.
Reynolds joins from the Australian multi manager Ipac, part of the AXA Group. Simon began his career at Mercer before joining AXA’s multi manager team in 2002. Before leaving for Australia in 2005, Simon worked alongside Colin and Bish in the Barclays
Specialist finance and advisory firm Trafalgar Capital Advisors has closed a USD1m secured revolving credit facility for Crystal Clear Pools LLC, a leading US-based intrastate service provider of pool cleaning and maintenance services with 25 years experience.
The loan facility has been provided through the TCA Global Credit Master Fund LP, TCA’s master feeder fund that seeks to finance small, growing, private and listed companies. This loan should assist Crystal in its growth, as well as help the company even out its seasonal funding needs.
Craig Applebaum, CEO of Crystal Pools says: "We are glad that TCA saw
Monroe Capital has provided funding of a USD15 million senior credit facility to Applied Merchant Systems West Coast, Inc. Monroe Capital’s loan facility was used to refinance existing debt, repurchase common stock, and provide ongoing working capital. Monroe Capital also provided a committed acquisition facility to the company as part of its financing.
Applied Merchant Systems, based in Oxnard, California, is an Independent Sales Organisation (ISO) and a leading provider of diversified products and services to the trillion dollar electronic merchant transaction processing industry and provides processing services to merchants that include authorisation, transaction capture, settlement, chargeback handling, and internet-based
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