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Ipes Luxembourg has appointed Christophe Ponticello as Client Director and Head of Accounting. Ponticello, whose appointment is in response to exceptionally high demand for the firm’s service offering in Luxembourg, will play a key role in managing client relationships. He will also work closely with Simon Henin, MD for Ipes Luxembourg, on the day-to-day running of the office.
Ponticello has more than eight years experience working in the investment funds industry and with commercial companies. Prior to joining Ipes, he headed the accounting and reporting team for Real Estate and Private Equity funds SIF/SICAR and unregulated entities (Soparfi) at Caceis
Alternative asset manager The Carlyle Group (Carlyle) has acquired a significant majority stake in The Foundry Visionmongers Ltd, a developer of visual effects (VFX) software, from Advent Venture Partners (Advent) and other stakeholders.
Falcon Investment Advisors, LLC (Falcon) has converted its current ownership in The Foundry into mezzanine notes in support of the acquisition. The founders and management will continue to retain a significant minority stake and drive the continued growth and customer-focused innovation that the Company has consistently delivered. Financial terms of the transaction were not disclosed.
Headquartered in London with more than 100 employees, The Foundry
Middle market private equity firm Levine Leichtman Capital Partners (LLCP) has held a final closing on commitments totalling USD225 million for its small business investment company fund, Levine Leichtman Capital Partners SBIC Fund, LP. Investors in the fund include a diverse group of domestic and international limited partners.
Since its founding in 1984, Levine Leichtman Capital Partners has made over 45 structured equity investments totalling approximately USD1.5 billion of capital in US middle market companies. LLCP will continue its structured equity investment strategy through the LLCP SBIC Fund by investing in market leading companies that are owned and managed by entrepreneurs.
Cordiant Capital Inc (Cordiant), the Montreal based fund manager that specialises in loans to emerging markets, has committed USD50 million to fund the expansion of Iraq’s mobile phone network.
Mobile penetration in Iraq is estimated at just 77%, lagging far behind most of its neighbouring countries where penetration rates are virtually 100%.
The loan is part of a $400 million long term financing for Zain Iraq, the country’s largest mobile phone operator, to improve access to network coverage for remote populations. A reliable telecommunication service is instrumental to the growth of Iraq’s economy as it seeks to diversify itself
NBGI Private Equity, has been advised by Olswang LLP on the GBP9m management buyout of Facilities Services Group Ltd (FSG) from Spice Ltd.
FSG is the UK market leader in the provision of integrated facilities management services to large, multi-site operators in the retail, leisure and property sectors.
FSG appointed the management team in late 2009 with a mandate to lead an MBO. NBGI, a leading private equity investor in the UK lower mid-market, has taken a majority stake in the buyout and is committing further capital to expand FSG’s range of services and delivery capabilities.
Richard Babington (pictured) ,
BaltCap, a private equity and venture capital investor in the Baltics, has acquired a shareholding in SIA Runway, one of the leading business process outsourcing service providers in the Baltic States.
BaltCap Private Equity Fund advised by BaltCap has acquired 40.82% of Runway’s shares from the company’s largest shareholder, Norwegian firm Dasha AS.
"Runway is one of the leading and the fastest growing players in the sector with solid operational experience in the Nordic market, highly qualified staff and good prospects in the market,” says Sandijs Abolins-Abols, Investment Director at BaltCap.
According to Abolins-Abols, Runway has sizable potential
We are delighted to announce the launch of Globalfunddata, a free-to-use quantitative fund data service providing details of more than 34,000 funds of all kinds, including hedge funds, exchange-traded funds and traditional long-only funds, that report to Morningstar.
The new service complements the existing news, features and other research on the various facets of the global fund industry offered through GFM’s daily newsletters, web sites and special reports.
Globalfunddata covers a vast array of information about each fund, including details of strategy, manager, ISIN, launch date, benchmark (where applicable), performance and volatility, charges, latest NAV and unit or share
Silicon Valley Bank, a financial partner to venture capital, technology and life science companies of all sizes worldwide, has hired former venture capitalist and entrepreneur John Hoesley to run its Venture Capital and Private Equity Services Group in the Midwest.
Based in Silicon Valley Bank’s Chicago office, Hoesley will focus on relationships with venture capital and private equity firms throughout the Midwest, providing them with a full spectrum of banking services and debt financing alternatives.
Silicon Valley Bank (SVB) works with more than half of all VC firms worldwide, providing the traditional and innovative financial services required to run
The extensive damage caused by the enormous earthquake and tsunami that struck Japan at 2.46pm (local time) on Friday afternoon has gradually taken form over the weekend. Our thoughts are first and foremost with those affected by this tragedy. The human impact is still difficult to fully comprehend – the loss looks to be grievous. The economic and financial consequences are still largely unformed with nuclear facilities in the locality still at some considerable risk.
History tells us that such natural disasters rarely leave lasting damage to the Japanese economy though the short term effect can be quite a different
Mid-market fundraising in Europe almost doubled in 2010 following the worst year for a decade in 2009, according to the latest report by leading placement agent Acanthus Advisers.
In its annual European Mid-Market Review, released today, Acanthus research shows that, despite continued worries over capital overhang and subdued investor appetite, fundraising has rebounded strongly in most European regions, with total funds raised reaching EUR12bn – up from EUR6.5bn in 2009 and close to levels seen in 2005.
However, the research also highlights the continued bifurcation of the market, with LP capital being drawn more strongly to those funds
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