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Phoenix Equity Partners is opening a new office in Manchester. This will be Phoenix’s third UK office.
The office will be headed up by John Rastrick, a partner at Phoenix, who is based in the region and leads Phoenix’s regional deal generation, business development and investment activities in the North. Before joining Phoenix in January 2007, John previously worked for 3i in Manchester and Leeds. He has been joined in the new Manchester office by Barry Robinson, a Principal at Phoenix, who has relocated to the North West. Barry joined Phoenix in 2005 and previously worked for Deloitte Corporate Finance
Lloyds Bank Corporate Markets has strengthened its Acquisition Finance team in the North West with the appointment of director, Matt Widdall.
Widdall joins the bank from Deloitte’s corporate finance advisory practice in Manchester where he gained 12 years experience advising on company acquisitions, disposals, joint ventures, restructurings, and debt and equity finance raising transactions.
During this time, Widdall advised on a number of high profile private equity-backed deals, including Endless LLP’s investment in Darwen manufacturer, Crown Paints.
He will join Neil Price and Kerry Morley at the firm’s Manchester office, where he will work closely with sponsors and management teams
Equidity Inc, a new platform designed to help institutional investors hook up with pre-IPO and newly public companies, is planning to hold its inaugural investor forum in November.
Equidity, which was founded by CEO Mona DeFrawi (pictured), former CEO of Menlo Park, California-based InsideVenture, uses a proprietary technology platform to connect an exclusive network of qualified institutional investors with carefully selected, top pre-IPO companies.
In private stage investing, where there is a lack of information transparency, Equidity provides highly effective and time- and cost-efficient tools for late-stage investing and IPO success. Equidity empowers companies in meeting their best long-term growth
First Reserve Corporation has closed its latest fund, the First Reserve Energy Infrastructure Fund, at over USD1.2bn. The closing of follows the successful close of its most recent buyout fund, First Reserve Fund XII, in 2009 at approximately USD9 billion.
First Reserve has invested exclusively in the energy and natural resource industries for nearly three decades and has over USD20 billion of assets under management.
The fund’s infrastructure investments will be focused on long lived assets in three energy verticals: contracted midstream, which includes pipelines, storage and LNG facilities; contracted power, which includes renewable generation and conventional generation; and
Aureos Capital Limited’s Emerge Central America Growth Fund (EMERGE) has provided Mayaland Villas Inc, owner of Ka’ana Boutique Resort in Belize (pictured), with a facility to expand its operations.
Aureos is a leading private equity fund management company specialising in investing in small and medium sized businesses in emerging markets. This is the ninth investment for its EMERGE fund.
Ka’ana is ranked as the number one hotel in its region by TripAdvisor and was a TripAdvisor Travellers’ Choice 2010 Romance Winner for Central and South America. The hotel, which currently has 15 rooms, is Belize’s first Small Luxury Hotel
Monument Capital Partners (MCP), an Indianapolis-based private equity fund, along with partners John Campbell and Joe Mansfield have completed the sale of Separators, Inc to a strategic buyer.
Located in Indianapolis and founded in 1985, Separators, Inc., specializes in servicing and remanufacturing industrial centrifuge equipment used in various industries including: dairy, beverage, bio-med, edible oil, pharmaceutical, meat rendering and industrial fluids.
MCP acquired Separators on June 14, 2005 with John Campbell, and Joe Mansfield. Campbell has served as CEO and Mansfield has served as COO/CFO since the acquisition. Both will continue in their roles with the strategic buyer.
“Separators
AirAsia X, the long haul low fare affiliate of AirAsia carried 0.64million passengers in the first three months of 2011, an increase of 56.5% over the same quarter in 2010.
AirAsia X, which currently operates on nine Airbus A330s and two Airbus A340s, added six new routes in Q1-2011 versus Q1-2010: Mumbai, Delhi, Tehran, Seoul, Tokyo, and Paris. Its aircraft fleet size also increased from 8 to 11.
In terms of passenger traffic, AirAsia X grew by 59.8% to 3.6 billion Revenue-Passenger-Kms (RPKs) for Q1-2011, making it the second largest low-cost carrier in Southeast Asia, after AirAsia Malaysia. It’s capacity
Carey Olsen senior associate David Crosland (pictured) was called to the Guernsey Bar last month having passed his Bar exams to become an advocate of the Royal Court of Guernsey.
Crosland is a member of Carey Olsen’s corporate group where he undertakes a wide range of corporate transactions, with a particular focus on private equity, and the launch, administration, restructuring and listing of both closed and open-ended investment funds. As well as private equity funds, he has advised funds listed on the LSE, AIM, Euronext and the CISX.
Prior to joining Carey Olsen in 2007, Crosland trained at Clifford Chance
Kohlberg Kravis Roberts & Co, through investment funds and accounts managed by KKR Asset Management LLC (KAM) will make an investment in Australian recycling group, CMA Corporation Ltd (CMA).
CMA has been in voluntary suspension since February 2010 and the company has been undertaking a capital structure review. CMA and KAM have been in discussions since December. KAM, on behalf of its funds and accounts, made its first investment in the company in March 2011 when through a secondary purchase, it became the largest holder of the company’s Syndicated Facility Agreement.
This new investment is part of a restructuring proposal
JD Byrider, the Indianapolis-based leading used car sales and finance business, has been acquired by private equity firm Altamont Capital Partners (Altamont).
With a long-term investment horizon, Altamont will provide strategic direction, experienced resources and additional capital to support the company’s growth and franchisee expansion initiatives. The acquisition of JD Byrider is Altamont’s first investment from its USD500 million inaugural fund, which closed late last year. The firm is focused on acquiring and building middle-market businesses across a range of industries.
JD Byrider’s current President of Franchising Steven E Wedding will assume the role of CEO, and the JD Byrider
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