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JouleX has received USD17 million in investment capital from new investors Sigma Partners, Flybridge Capital Partners and Intel Capital, in addition to existing investors Target Partners and TechOperators. JouleX plans to use the capital to expand its development and sales footprint into growth markets around the world.
"The widespread need for enterprises around the world to better measure and manage energy usage presents an incredible opportunity for JouleX," says Tom Noonan, president and CEO at JouleX. "We are leading the way to provide companies with an innovative energy management system for the entire enterprise that will help them achieve real
Bichot & Associes, the new corporate law firm dedicated to M&A/private equity, advised the Fonds Strategique D’Invetissements (FSI) regarding its investment in the Altrad group, one of the main players in Europe for the sale and the lease of devises in the construction and manufacturing area.
The purpose of the EUR45m contributed is to support the growth strategy of the group. Indeed, Mohed Altrad has successfully implemented an internal and external growth strategy for 25 years, ensuring a strong position in Europe thanks to its original model.
The FSI, having joined BNP Paribas Développement, CM-CIC Capital Finance and Synergie Finance
Alternative Investment Group, a fund of hedge funds that invests primarily in long/short equity strategies, has appointed Michael J Tansley as Chief Financial Officer, effective immediately.
Tansley will be based in Alternative Investment Group’s Southport, CT office and will oversee the firm’s accounting, audit, tax, internal controls, information management, and administrative operations.
"Michael has 25 years of experience working in the financial services industry and will provide exceptional vision and additional oversight to our existing financial controls," says David Storrs, Chief Executive Officer of Alternative Investment Group. "We are very pleased to have Michael join our team."
Tansley joined Alternative
Private equity real estate investment advisory company MGPA’s Asia Fund III has acquired a 50% interest in Galleria Chengdu, a high quality newly completed retail mall with retail GFA of 53,619 sqm in Chengdu, a gateway city of western China. The property was developed by GTC China Real Estate Holdings (GTC), who retains the remaining 50% interest in the mall.
Completed in 2010 and with a total site area of approximately 20,896 sqm, Galleria Chengdu is a four-storey (plus two basement levels) stand-alone retail development with a cinema on Level 4. The first level of basement has retail shops and
Investec Specialist Private Bank’s Structured Property Finance division (Investec) has provided senior debt development finance to Pace Investments (Pace) to fund the construction of Botanic House in Cambridge, the first speculative development in the city for over 20 years.
The proposed 53,000 square foot office building, which is already under construction, is the first phase of development which includes offices, 165 apartments and 8,000 square feet of retail.
The office building is in a prime office location in the city centre close to the railway station. It will be ready for occupation in summer 2012 and will be finished to
Hotbed, the UK-based private investor syndicator, is conducting a GBP2.1 million further fund-raising for the new leisure industry business No Saints. No Saints was launched last year by Stephen Thomas, the founder of Luminar Plc, and is chaired by Mike Balfour, the founder of Fitness First.
The fundraising follows a successful rights issue that raised GBP1.8 million from current shareholders, and coincides with the opening of No Saints’ fifth venue and the first of its new concepts, ‘The Greene Room’ in Milton Keynes.
In May 2010, Hotbed investor members provided No Saints with GBP3 million of funding alongside a substantial
FF&P Private Equity, the private equity business of Fleming Family & Partners, has announced the first close of its third Club fund, FF&P Investor 3 LP, giving the firm additional capital of over GBP47 million to invest. The funds have been raised from 56 private and a single institutional investor and include funds provided by Fleming Family & Partners and its clients.
The new funds will be invested into growth companies by way of development capital or smaller buy-outs. The fund will make individual equity investments in the range of between GBP3 million and GBP10 million.
Investors in the
Vision Capital has acquired a portfolio of three companies from Paragon Secondary Partners LP (Paragon); the remaining investments in Paragon’s 2005 fund. This transaction marks Vision Capital’s first portfolio acquisition in Germany.
For this transaction, Vision Capital has partnered with Rubicon Partners (Rubicon), an industrial management and holding company with significant operational experience in the DACH region.
The companies are German-based ABL Technic (ABL) and Metallwarenfabrik Gemmingen (MG), and Swiss-based Swisshaus (Swisshaus). ABL is Europe’s leading provider of specialist paint stripping services to industrial plants; MG is an engineering firm with two divisions – Gensets, a niche manufacturer of power
Apex Fund Services has secured a USD30 million commitment from FTV Capital for a minority interest in the Company. FTV Capital, the first institutional investor in Apex, is a growth equity investor with extensive experience and a global network in the financial services industry, and especially asset management.
Apex has 23 offices worldwide, including Singapore, Shanghai, Dubai and Switzerland, and delivers global fund administration solutions to investment managers investing in traditional and alternative assets. Apex offers clients a wide variety of specialised and integrated products supporting middle and back office fund administration, complex derivatives, risk reporting and corporate secretarial and
Novethic is releasing the results of its survey on the integration of Environmental, Social and Governance (ESG) criteria in the private equity sector, conducted with the support of KKR and in partnership with the AFIC Sustainable Development Club, CDC Entreprises and FSI France Investissement.
Seventy-four firms representative of the private equity market in France took part in the survey, with total investments of more than EUR 2.8 billion in 2010. The results confirm the development of responsible investment in the sector. Private equity firms list practices that include ESG risk analysis and the gradual formalisation of an investment policy. However, ESG aspects are
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