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Summer Street Capital Partners LLC, a private equity fund based in Buffalo, NY, has acquired Apple Valley Waste, a provider of solid waste collection, recycling, and disposal services serving Berkley and Jefferson Counties in West Virginia and Washington County, Maryland.
In connection with the acquisition, Apple Valley announced the addition of industry veteran John Decker as Managing Partner. John most recently served as Vice President of Operations for Casella Waste Systems, an integrated solid waste and recycling services company with operations in 14 states and annual revenues in excess of USD500 million.
"Apple Valley is a premier environmental services company,
Ardel has promoted two senior members of staff to director roles within the company. Steve Desmond is now director of Ardel Fund Services and Tony Martel is associate director (IT) of Ardel Holdings.
Steve Desmond joined Ardel in 2006 and has over 23 years experience in the financial services sector. In his new role he is responsible for the development of Ardel’s fund business, the efficient take-on of fund transfers and the launch of all new funds administered by the company.
“We have seen significant growth over the past few years and with the recent structural changes to the company,
The British Virgin Islands (BVI) has reversed recent trends by becoming the only offshore financial centre to have its rating boosted in the latest Global Financial Centres Index (GFCI).
The improvement comes against a backdrop of decline among all other offshore jurisdictions. The ninth edition of the GFCI (GFCI 9) revealed that the BVI has improved its GFCI rating by two points, securing 40th place in the rankings outright, having previously shared the spot with Brussels.
BVI’s achievement was made all the more remarkable by the fact that every other offshore centre fell in both the ratings and rankings,
Dermot Butler (pictured), Chairman, Custom House Group Fund Services, outlines some of the key exemptions for investment advisers under the Dodd-Frank rule.
Last summer, in July 2010, the “Dodd-Frank Wall Street Reform and Consumer Protection Act” (‘Dodd -Frank Act’) was signed into law and, amongst other things, Title IV of Dodd- Frank amended the “US Investment Advisors Act of 1940” (‘IAA 1940’).
One of the important requirements of Dodd-Frank was that a broad range of both US and non-US fund managers and advisors had to register with the SEC by July this year. With this in mind, in November of
The Jersey funds industry continued to perform strongly during the final quarter of 2010 with increases both in the value of funds under administration and funds under investment management.
While the markets remain volatile, reflected in a 3% decrease in Jersey’s banking deposits during the final quarter, Geoff Cook, Chief Executive, Jersey Finance Limited, remains optimistic for the business opportunities that lay ahead in 2011 and beyond.
The statistics, collated and prepared by the Jersey Financial Services Commission, are for the three month period ending December 31st 2010. The headline figures from the statistics are as follows:
Banking deposits decreased
An affiliate of private investment firm HIG Capital has acquired the Marine business (Teleflex Marine) from Teleflex Incorporated. Headquartered in Litchfield, Illinois with operations around the world, Teleflex Marine is a leading provider of OEM and aftermarket steering and control products and accessories for the global recreational marine and related markets.
The company maintains industry leading market positions in the US and internationally with its SeaStar, Sierra, BayStar, Prime Line, and Proheat brands.
“We are excited to team up with HIG to grow our business and build on our market leading positions. As an independent entity, we will maintain
Australian private equity and venture capital generated attractive returns over a one-, three- and five-year periods as of June 30, 2010, when compared with the S&P/ASX 300 Index and the S&P/ASX Small Ordinaries Index, according to the new Australia Private Equity and Venture Capital Index.
This is the first report from the Index, which is a result of a strategic partnership between AVCAL (The Australian Private Equity & Venture Capital Association Limited) and Cambridge Associates, global provider of independent research and investment advice. Going forward, Cambridge Associates and AVCAL will issue performance data each quarter. The data will include Australia
Angelo, Gordon & Co has appointed Mark Visser as a Managing Director with responsibility for leading the firm’s healthcare investment activities. He will be based in New York.
Prior to joining Angelo Gordon, Visser, who will be based in New York, was a Partner at Behrman Capital, where he led the firm’s healthcare investing efforts since joining the firm in 1994. Visser has 20 years of experience in the healthcare sector, investing in companies ranging from healthcare services to products. Earlier in his career, Visser worked for Merrill Lynch’s Investment Banking Group focusing on mergers and acquisitions and other corporate finance
Jersey-based Dominion Corporate Group is increasing its regulated funds service capabilities with the formation of a new Luxembourg-based management company.
Through the new entity, DCG Management Company, the group will be able to service new markets in a changing European environment, according to Christopher Bennett (pictured), managing director of Dominion Real Estate.
The introduction of the EU Alternative Investment Fund Managers Directive, which will take effect from mid-2013, will bring many more alternative funds into the regulatory net, Bennett notes.
“This will drive demand for well-tested solutions offering a strong framework of governance and oversight, which DCG Management Company has
XZERES Wind Corporation (OTCBB: XWND), designer, developer and producer of distributed generation, wind power systems for the small wind market (2.5kW-100kW), has completed an equity financing in the amount of USD4,550,705 in a private placement of 4,334,005 shares (USD1.05 per share) to a group of institutional investors and high net worth individuals.
In addition, each purchaser of our common stock also received warrants to purchase additional shares in an amount equal to 50% of the number of shares purchased, exercisable at USD1.50 per share. The company plans to use these proceeds for sales and marketing, product development to expand its
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