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Guernsey has not only followed through its 2002 commitment to observe the OECD principles on transparency and exchange of information for tax purposes, but has made substantive developments in expanding its exchange of information network, according to a report published by the Global Forum on Transparency & Exchange of Information for Tax Purposes.
The report also confirms that Guernsey has in place all the necessary legal and regulatory powers to ensure it can meet the internationally agreed standard on obtaining and exchanging information for tax purposes.
Guernsey’s Chief Minister, Lyndon Trott, says: “I am delighted that, hard on the heels
Burrill & Company has appointed Dr Dirk Lammerts as Managing Director, Digital Health. Lammerts has more than 20 years of professional experience in the healthcare, life sciences, and high-tech industries.
Prior to joining Burrill & Company he worked as Vice President Marketing and Corporate Development at XDx, an innovative personalised medicine company, where he was responsible for driving adoption of the company’s flagship AlloMap molecular diagnostic test and corporate development activities. He also held positions as Vice President Molecular Diagnostics at Affymetrix and was a senior engagement manager for McKinsey & Company advising clients across a broad spectrum of
Middle market private equity firm Wynnchurch Capital has announced the final closing of Wynnchurch Capital Partners III, with USD603 million of committed capital, exceeding its target of USD500 million.
With the closing of Fund III, Wynnchurch now manages USD1.1 billion of capital. Wynnchurch’s previous fund was raised in 2006 and had capital commitments of USD350 million. Wynnchurch’s inaugural fund was raised in 2000 and had capital commitments of USD163 million.
"We are appreciative of the trust and confidence that our investors have shown in our operationally focused private equity model serving the middle market," says John Hatherly, Managing Partner of Wynnchurch Capital.
Glocap Search has named Sachi Gahan as head of the firm’s newly combined Venture Capital and Private Equity practices. Gahan, who was also promoted to Glocap’s five member management committee, is a managing director based in Glocap’s San Francisco office.
Prior to joining Glocap Gahan was a principal at venture capital firms in San Francisco and Austin, Texas. Earlier in her career, she was in the Office of the Chairman at Dell.
In 2010, under Gahan’s leadership, Glocap successfully completed over forty investment professional assignments at venture capital, growth equity, and tech buyout firms throughout the US, addressing clients’ needs
Del Monte Foods Company (NYSE: DLM) has announced the completion of its acquisition by an investor group led by funds affiliated with Kohlberg Kravis Roberts & Co (KKR), Vestar Capital Partners (Vestar) and Centerview Capital(Centerview).
Under the terms of the merger agreement, the company’s stockholders will receive USDUSD19.00 per share in cash. The total enterprise value of the transaction is approximately USD5.3 billion. Shareholders voted to approve the transaction on March 7, 2011. The price per share represents a 40 percent premium over the average closing price during the three months prior to market rumours last fall. Del Monte common
Red Fort Capital announced today that the firm has returned in excess of USD100 million to investors since 2009. Through 1Q 2011, the firm has harvested four investments in the residential and office sectors located in New Delhi, the National Capital Region and Chennai.
Parry Singh, Managing Director of Red Fort Capital, says: "Red Fort’s Fund I portfolio has transitioned to the harvesting phase, and we are pleased to have returned over USD100 million to our investors. Our investment strategy has generated tangible returns through the global economic crisis of 2008-2009, which had minimal impact on India’s solid long-term growth
Research for the 2011 Preqin Sovereign Wealth Fund Review publication has revealed that the aggregate AUM of sovereign wealth funds (SWFs) currently stands at almost USD4 trillion, making 2010 the second year running in which SWF AUM has increased by 11%. The proportion of SWFs investing in alternatives also rose over 2010, despite the challenging financial climate.
SWFs are both large and important investors in alternative assets. They have longer-term investment horizons than other investors, and generally do not have to meet as many liabilities. They are therefore better able to commit larger proportions of their portfolios to longer-term
Piraeus Equity Partners, a company of Piraeus Bank Group, and Positive Energy have entered into a strategic partnership aimed at implementing an investment program for the installation of photovoltaic systems on industrial rooftops.
Piraeus Equity Partners together with its subsidiary, Piraeus Equity Advisors, are the private equity investment branch of Piraeus Bank Group. Positive Energy is one of the leading EPC providers in Renewable Energy Sources solutions in Southeastern Europe.
The first phase of this cooperation is the installation of two 1MWp photovoltaic systems on industrial rooftops in Northern Greece, and is currently the largest photovoltaic project to
Figures issued today show that the value of investment fund business in Guernsey grew by GBP14.3 billion (5.9%) during the final quarter of last year.
The increase represents the sixth consecutive quarter of growth and takes the net asset value of funds under management and administration in the Island to a new record high of GBP257.4 billion at the end of December 2010. This is a rise of GBP73.2 billion (39.7%) compared to the end of December 2009.
Peter Niven, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry – says: “It is extremely pleasing
Intertek, a provider of quality and safety services, has entered into an agreement to acquire Moody International (Moody) from alternative investment firm Investcorp.
Moody is a worldwide technical services organisation dedicated to reducing clients’ risks by providing technical inspection services, technical staffing services, consulting and training, and global management system certification and is a market leader in its chosen segments. It has 2,500 employees in 60 countries.
Moody’s services are used by engineering, procurement & construction (EPC) companies, energy companies and component manufacturers involved in the construction and operation of energy facilities. It is the leading provider of visual technical
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