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Angelo, Gordon & Co’s Private Equity Group has partnered with the founders of Firebirds International, LLC (Firebirds) to acquire the company, which owns and operates 18 Firebirds Wood Fired Grill locations nationwide. Terms of the deal were not disclosed.
Firebirds – which features an American grill-focused menu – was founded approximately 10 years ago by Dennis Thompson and Doug Glendenning, who will continue as shareholders and directors of the company. The company’s CEO will continue to be Mark Eason, a restaurant industry veteran with nearly 30 years of experience. Headquartered in Charlotte, N.C., the company has restaurants in Alabama, Arizona,
SPA Future Thinking has acquired the Munro Group, which incorporates FDS International and Maven Research, for an undisclosed sum. The acquisition, which follows the merger of SPA Market research and Future Thinking (formerly the Oxford Research Agency) in September 2010, makes SPA Future Thinking the UK’s leading independent market researcher, with a turnover of approximately GBP20 million.
The acquisition adds a complementary skill set of benchmarking and mystery shopping research as well as employee engagement and online dashboard reporting to SPA Future Thinking and expands the group’s blue chip client roster.
‘‘These are respected research agencies and their purchase
Credit rating agency S&P has downgraded the outlook for US long term debt from stable to negative. They said there was a 1 in 3 chance that this would lead to downgrade of US debt from its current AAA-rating within 2 years. S&P’s Nikola Swann says: "More than two years after the beginning of the recent crisis US policymakers have still not agreed on how to reverse recent fiscal deterioration or address longer-term fiscal pressures."
There is currently an intense debate in Washington over what steps should be taken to reduce the deficit and over what timescale. As well as
The Royal Bank of Scotland (RBS) has agreed a new three-year revolving loan facility with Cabot Financial, the consumer debt purchasing firm, which was acquired earlier this month by AnaCap Financial Partners ‘AnaCap’, the European private equity firm that specialises in the financial services sector.
AnaCap will integrate Cabot Financial with Apex Credit Management – another market leading debt purchase and collections agency that is already owned by AnaCap – to create the UK’s largest debt purchase and collection business.
The syndicated loan facility will be used to refinance the existing portfolios of both Cabot and Apex and support
Following confirmation of the AIFM Directive at the end of 2010, Jersey has announced that it is working to deliver a range of flexible options, including a fully AIFMD compliant regime and to retain existing complementary regimes for asset managers that have no wish to access EU institutional capital under an AIFMD passport.
The island has taken a joined up approach to AIFMD, with commercial representatives of its funds industry working in partnership with Jersey Finance, the central promotional body for the international finance centre, to ensure that Jersey’s strategy offers certainty for existing managers and a highly competitive
Arma Partners acted as exclusive financial adviser to Lloyds TSB Development Capital (LDC) on its acquisition of a majority stake in leading web hosting provider UK2 Group (UK2), for GBP47m, in partnership with its management team.
Established in 1997, UK2 has evolved into a leading international provider of domain name registration, shared, dedicated and Cloud hosting services to customers globally through multiple brands, delivered from data centres in the UK and the US.
UK2 has an industry-wide reputation for innovative hosting products. Through the VPS.NET brand, UK2 offers virtual private server Cloud hosting to the mass market and
Private equity fund administrator Langham Hall has been appointed as the Guernsey administrator to Cubera VI, a Guernsey authorised closed-ended scheme which acts a secondary fund focusing on purchasing LP shares in Nordic buy-out funds.
The advisor to the fund is Cubera Private Equity AS, a Nordic investment firm specialising in secondary transactions in the Nordic private equity market. Since inception in 2006, Cubera Private Equity has established six private equity structures.
Cubera Private Equity represents the most comprehensive team set up for secondary transactions in Nordic private equity. The professionals have more than 60 years of combined private
Rockley Group, the sustainable technology funding group led by Andrew and Robert Rickman, has expanded the investment team for its Rockley China Fund with the appointment of Dr Yanong Ning as investment director, David Ding as investment manager and Ella Huang as investment associate.
The appointments follow the Group’s announcement that it is expanding the Rockley China Fund LP to USD200 million. Rockley China includes Rockley Luxin, a USD100 million fund with the Shandong High-Tech Investment Corporation, and Shanxi Zhongying Rockley, a USD100 million fund with the Shanxi Small and Medium Enterprise Corporation.
The Rockley China Fund is expected
EISER Infrastructure Partners (EISER), through its Global Infrastructure Fund, has arranged EUR475 million of long-term project financing for Aries Solar Termoeléctrica S.L. (ASTE”, which is developing two 50 MW solar thermal power plants, ASTE-1A and ASTE-1B, near Ciudad Real, Spain.
EISER originally invested in ASTE in October 2007 and has been integral to the implementation of the two projects, financing much of the early stages of procurement and heavily involved in negotiating key project contracts including the construction and operation agreements, land agreements and financing contracts.
As part of the transaction EISER sold a majority stake in ASTE to the
Apex Fund Services is to create 50 jobs in Ireland over the next 18 months with the opening of a new office in Dublin. The new office opening is in response to Apex Fund Services rapidly growing client base internationally.
With 21 offices internationally, Apex Fund Services located in Cork 4 years ago, and successfully recruited the highly skilled financial services staff required to grow and scale the business in Ireland. Now having reached its optimum size and with an increasing amount of funds business going through the Irish office, establishing a presence in Dublin was the obvious next
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