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Australian private equity and venture capital generated attractive returns over a one-, three- and five-year periods as of June 30, 2010, when compared with the S&P/ASX 300 Index and the S&P/ASX Small Ordinaries Index, according to the new Australia Private Equity and Venture Capital Index.
This is the first report from the Index, which is a result of a strategic partnership between AVCAL (The Australian Private Equity & Venture Capital Association Limited) and Cambridge Associates, global provider of independent research and investment advice. Going forward, Cambridge Associates and AVCAL will issue performance data each quarter. The data will include Australia
Angelo, Gordon & Co has appointed Mark Visser as a Managing Director with responsibility for leading the firm’s healthcare investment activities. He will be based in New York.
Prior to joining Angelo Gordon, Visser, who will be based in New York, was a Partner at Behrman Capital, where he led the firm’s healthcare investing efforts since joining the firm in 1994. Visser has 20 years of experience in the healthcare sector, investing in companies ranging from healthcare services to products. Earlier in his career, Visser worked for Merrill Lynch’s Investment Banking Group focusing on mergers and acquisitions and other corporate finance
Jersey-based Dominion Corporate Group is increasing its regulated funds service capabilities with the formation of a new Luxembourg-based management company.
Through the new entity, DCG Management Company, the group will be able to service new markets in a changing European environment, according to Christopher Bennett (pictured), managing director of Dominion Real Estate.
The introduction of the EU Alternative Investment Fund Managers Directive, which will take effect from mid-2013, will bring many more alternative funds into the regulatory net, Bennett notes.
“This will drive demand for well-tested solutions offering a strong framework of governance and oversight, which DCG Management Company has
XZERES Wind Corporation (OTCBB: XWND), designer, developer and producer of distributed generation, wind power systems for the small wind market (2.5kW-100kW), has completed an equity financing in the amount of USD4,550,705 in a private placement of 4,334,005 shares (USD1.05 per share) to a group of institutional investors and high net worth individuals.
In addition, each purchaser of our common stock also received warrants to purchase additional shares in an amount equal to 50% of the number of shares purchased, exercisable at USD1.50 per share. The company plans to use these proceeds for sales and marketing, product development to expand its
Private equity investor Corestate Group has acquired a portfolio of 153 residential assets located in the Rhine Ruhr region of Germany valued at EUR85 million. A German bank has provided financing on competitive terms for the portfolio which comprises over 2,100 units.
As part of Corestate’s asset management strategy, the business plan includes a comprehensive investment and capex programme. Consistent with its strong track-record, Corestate’s asset management team intends to deliver its value enhancement plan quickly, with the aim of reducing vacancy across the portfolio and optimising overall asset performance.
Phillip Burns (pictured), CEO of CORESTATE, says: “In line with CORESTATE’s
KPS Capital Partners’ portfolio company, HHI Group Holdings, LLC has completed a third successful recapitalization in the last twelve months. HHI raised USD425 million of new financing, including a USD100 million asset based revolving credit facility and a USD325 million term loan.
The proceeds of the recapitalisation were used to refinance outstanding debt, to fund a USD100 million cash distribution to stockholders and to fund the company’s continued growth.
Following the recapitalization, HHI remains conservatively capitalised with the continued support of KPS, its majority stockholder. KPS and minority stockholders, including MC Capital Inc. (a subsidiary of Mitsubishi Corp.) and
Venture capital and small business finance firm Advantage Capital Partners has provided USD5.7 million in financing to Barton Nelson, Inc.
Barton Nelson is ranked as one of the top 25 manufacturers of specialty advertising products nationwide. The new funding, which provides the company with working and growth capital, will enable the company to retain 73 jobs in Kansas City and help to drive future job creation in Missouri.
“Two innovative economic development programs enabled our investment in Barton Nelson,” says Louis Dubuque, managing director at Advantage Capital. “Thanks to the federal New Markets Tax Credit program and the Missouri New
Intertrust Group Holding SA has acquired Close Brothers (Cayman) Limited and Close Bank (Cayman) Limited (together Close Brothers Cayman). The acquisition is subject to regulatory approval and is expected to complete in the coming months.
Close Brothers Cayman is a leading financial services provider in the Cayman Islands, with 60+ staff offering a comprehensive range of services including corporate services, fiduciary services, fund administration, private client, banking and asset management services. The company has a long and distinguished history in the Cayman Islands, having provided financial services for over 40 years.
Intertrust, formerly part of the Fortis Group and now
Investment funds managed by Alinda Capital Partners are to invest over EUR300 million in agri.capital over the next three years to fund the anticipated growth of the business. As part of the transaction, Alinda will acquire a majority interest in agri.capital. The company’s existing common equity investors and certain other early-stage investors will continue to participate in the ownership of the business.
agri.capital is the leading biogas and biomethane company in Europe. The company is headquartered in Luxembourg, with operations throughout Germany. Today, agri.capital controls over 400 gigawatt-hours per year equivalent of capacity in operation or construction at more
Global Investment House saw fee-based business – asset management, investment banning and brokerage – generate operating income of KWD20.7m and a profit of KWD10.6m in 2010, according to the company’s year-end results.
During 2010 the Asset Management business remained resilient with USD5.1 billion of assets under management. Several funds managed by Global outperformed their respective indices and peers. Standard and Poor’s Fund Services assigned an “A” fund management rating to three of the funds managed by Global Kuwait: Global GCC Large Cap Fund, Global 10 Large Cap Index Fund and Global GCC Islamic Fund.
The total assets managed by Global
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