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Alternative investment firm Bernheim, Dreyfus & Co has partnered with with the French Foundation for Disabled (APSH 34), a charitable association which helps the psychiatrically disabled through their rehabilitation and the process of reintegration into society.
For over 30 years APSH 34, together with the Fondation de France and the Montpelier Public Hospital, has also worked to reintegrate the disabled into formal employment (and also to meet their housing needs).
Amit Shabi, co-founder of Bernheim, Dreyfus & Co, says: We are very proud to be able to help APSH 34 in its noble mission which also underlines our total commitment
Private equity firm Stirling Square Capital Partners has signed an agreement to sell Microtecnica S.r.l. to Goodrich Corporation (NYSE:GR), a supplier of systems and services to aerospace, defence and homeland security markets, subject to regulatory approvals.
Microtecnica is one of the world’s largest independent providers of highly engineered flight critical components to the global aerospace and defence market. The company designs and manufactures a range of components and sub-systems, primarily involved in flight actuation (the movement of flaps and other control surfaces), and thermal control systems for fixed wing and rotary aircraft.
Founded in Northern Italy in 1929, Microtecnica
Movik Networks, a company focused on developing wireless networking products aimed at enabling an Intelligent Radio Access Network (RAN) for high value content delivery, has received USD25 million in funding. Oak Investment Partners led the round while previous investors Highland Capital Partners and Northbridge Venture Partners continued to participate in company financings.
Movik’s products enable wireless operators to more efficiently deliver the ever increasing volume of data resulting from subscriber demands for content on mobile devices. In deployments and field trials, Movik’s market leading technology dramatically improves the mobile broadband experience for subscribers by intelligently delivering content over the RAN.
Agilyx Corporation has raised USD22 million in a Series B fund-raising round led by Kleiner Perkins Caufield & Byers (KPCB) and Chrysalix Energy Venture Capital, along with new strategic investors Waste Management, Inc (NYSE: WM) and Total Energy Ventures International, an affiliate of oil and gas company, Total SA.
“We have continued to be strong supporters of Agilyx’s ‘clean’, economically-attractive solution to the world’s vast waste plastic problem, but in today’s world of escalating oil prices and growing instability in oil-producing regions, their distributed waste-to-energy system makes even more sense,” says Brian Wawro, Sr. VP of Investments at Chrysalix and
Munich-based MegaZebra has secured a multi-million Euro amount in its latest round of financing led by Doughty Hanson Technology Ventures, one of Europe’s leading venture capital firms. Kizoo Technology Ventures, which provided the previous funding round, also participated, alongside private investor Markus Stolz.
Founded in 2008 and originally operating on a number of social networks, MegaZebra moved to focus only on Facebook throughout 2010. Its games are amongst the most popular in their respective category, such as highly popular Mahjong Trails (pictured).
Since launch, MegaZebra has put great emphasis on high-quality game play, true virality, and international games.
With
2010 was a year of two halves for European mid-market private equity fundraising, according to Acanthus Advisers 2011 fundraising review.
The second half of the year showed a significant increase in terms of both deal activity and fundraising after the freeze of 2009, with some EUR12 billion was raised overall by 43 European mid-market funds. A notable fundraising trend was the distinct flight to quality of capital, as bifurcation between GPs widened – some GPs raised very quickly and experienced oversubscription, while a much higher proportion than usual have experienced longer fundraising periods. Acute selectivity on the part of LPs
The recent Swiss Funds & Asset Management Forum hosted by the Swiss Funds Association (SFA) addressed the impact of the various regulatory efforts in Switzerland and abroad as well as the outlook for the Swiss fund and asset management sector and found that there are a range of opportunities open to the country’s finance sector.
“Volumes in the fund business are almost back to the levels set before the financial crisis, and Switzerland is also well positioned with regard to asset management. Nevertheless, the focus must be on consistently implementing the “white money strategy” newly defined just over a year
The outlook for the private equity industry looks at its brightest since the onset of the financial crisis despite tighter regulation in prospect within the European Union and elsewhere, according to industry experts.
Worldwide 81 funds held a final close in the third quarter of 2010, raising a total of USD57bn, but the total fell to USD32bn raised by 92 funds in the final three months of the year, according to research firm Preqin. The aggregate of USD225bn raised over the year as a whole was the lowest annual total since 2004.
There are reasons to believe that
The final version of the guidance on anti-bribery policies and procedures was issued by the Government (pursuant to section 9 of the Bribery Act) today (Wednesday, 30 March). The Act will come into force on 1st July 2011.
Commenting on the implications for financial services companies, Sian Herbert, partner, PwC, says: "The acceptance of the need for a proportionate and risk-based approach is good news for financial services companies as it recognises their global reach and the complex interactions they face. This is in line with the approach currently promoted by the Financial Services Authority and means that companies
New research from Investec Fund Finance indicates that private equity professionals are less confident about receiving carried interest from their current fund than they were 18 months ago.
While three quarters (76%)(1) of general partners (GPs) within the private equity industry still expect to receive carried interest from their current funds, Investec’s research shows that this is a 6% fall compared to the 83% who believed their current fund would generate carry for them in August 2009.
Despite this, more than three quarters (77%) of GPs surveyed believe that carried interest still represents their main opportunity for future personal wealth
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